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Banca IMI becomes a new shareholder and market maker of TLX, which will strengthen its business model

Banca IMI becomes a new shareholder and market maker of TLX, which will strengthen its business model

TLX is planning to increase its shareholder base and the number of market makers


Banca IMI has acquired an equity stake in TLX S.p.A. becoming the second market maker on TLX and EuroTLX. The activity of Banca IMI as a market maker next to UBM will increase the liquidity and the number of financial instruments traded to the advantage of TLX members and retail investors on whom TLX and EuroTLX are focused.

The two market makers' strategy to promote and develop TLX markets seeks to take advantage of the challenges and opportunities created by the new European legal framework in the financial markets' field. Through Banca IMI, TLX will strengthen its business model and thus aims to become a trading venue of excellence in order to satisfy the Best Execution Policy requirements introduced by the Markets in Financial Instruments Directive (MiFID), the most important among the European directives which will impact on the whole financial industry, coming into force in 2007.

Once the integration phase of Banca IMI is completed, TLX development will continue with the further increase of the shareholder base and the number of market makers.

TLX spa operates two markets targeted at the demands of retail investors. On TLX and EuroTLX are traded - from 9 am to 8.30 pm - more than 1.000 financial instruments among the following categories: European and American equities, corporate and structured bonds, supranational and sovereign bonds, and Italian and European Government bonds. During the first nine months of the current year, on TLX markets have been traded about 500.000 contracts for a total counter value of 13,5 billion of euro.
For more information please visit www.eurotlx.com.


Enquiries:

Media Relations:
+39 02 88628236; e-mail: mediarelations@unicreditgroup.eu
Investor Relations:
+39 02 88628715; e-mail: investorRelations@unicreditgroup.eu