We are the first Italian Market to introduce important service innovations by strengthening efficiency and expanding trading opportunities.

We are convinced that our contribution has created the conditions for a new Italian market standard, for the benefit of all the operators and investors.

On Certificates we have brought important news in the Italian panorama:

Innovative matching model for higher price quality

Only with us, in Italy, the matching model is assisted by a price validation mechanism (RFE or Request for Execution), which aims to allow Issuers and Market Makers to better manage their risk and to offer the best possible quality of prices to the investors, as well as lower spreads than those possible on traditional market models.

Trading Hours

We are the first Italian market where Issuers can choose to expand the trading hours of their certificates, up to cover the maximum time slot from 8:00 a.m. to 11:00 p.m.

More trading opportunities

Vorvel is the first italian Market on which it is possible to trade Certificates with underlying Usa Indices and Commodities during the entire opening time of the American Markets.