Market Access

BEFORE THE MARKET SESSION

To operate in the GO Market (M-GO), Market Participants must have at least one access profile (ownership account) in GSE’s GO Registry.

In the M-GO, selling Participants are required to make a single payment to GME as a security deposit fully covering their purchases (including VAT, where chargeable). The trading system will accept buy orders only if they are fully covered by the available deposit.

DURING THE MARKET SESSION

The prices to be specified in buy and sell orders must be NET OF VAT.

The system will automatically calculate the value of the transaction inclusive of VAT (where chargeable), both for updating the available deposit during the session and for confirming the transactions made and for other administrative-accounting tasks.

AFTER THE MARKET SESSION

1. sellers will issue a single invoice to the buyer GME;
2. buyers will receive a single invoice from GME.

The Technical Rules set out the technical procedures for participating in the GO Market, the calendar and timetable of the trading sessions, as well as the procedures for notifying the amount of the security deposit made.

SESSIONS

The next sessions of the M-GO will take place from 9:00 to 12:00 on:
August 2026: 27
September 2026: 24
October 2026: 22
November 2026: 26
December 2026: 10

The prices declared by Participants, the prices specified in trading orders and the price of execution of transactions DO NOT include VAT.

In order to be enabled to purchase GOs during a market session, each Market Participant must provide an interest-bearing cash deposit, to cover the full counter value of the transactions that will be carried out on the Market, including VAT, where chargeable, within 12:00 of the working day before the opening of the trading session.

The bank details of the account, to which the bank transfer must be performed, are:
BPER Banca S.p.A.
IT37 R053 8703 2310 0004 9347 908
SWIFT CODE BPMOIT22XXX

On the deposits on this account, GME will pay Market Participants an interest rate equal to the one that GME receives on the funds held in its treasury accounts, i.e. the one-month Euribor rate (act/360) calculated as the average of the quotes of the rate for each day of the reference month, only if that rate is positive.