November 7, Launch Of New Functionalities On The Bit Club Service For Borsa Italiana Clients

From November 7th next, Borsa Italiana will launch through its BIt Club Service (the online platform for communication between Borsa Italiana and its Clients) two new functionalities: a reporting channel for "blocks" and transactions executed off-market – the BIt Club "BFM" Service – and a tool for displaying market share data.

The BFM Service will enable reporting of "blocks" and "off-market transactions", as set forth by article 11 of the CONSOB Market Rules (regulation no. 11768), to be handled quickly and securely on-line, replacing the current fax communication.

The BFM Service will be available as an alternative reporting tool for Borsa Italiana market members (their market access platforms already offer reporting functionalities). For intermediaries who are not market members the BFM Service will replace the current fax system, becoming the sole available reporting channel.

Access to the Service will be controlled by userID and password (allocated by Borsa Italiana to intermediaries executing the relevant subscription contract), which will enable the entry of single or multiple reportings and the query of the historical database containing all the off-market transactions.

Moreover, starting from November 7, the BIt Club Service will be improved with a new functionality allowing market members to display and download directly their own market share data.

Access to this functionality will be available in a dedicated area of BIt Club – the Member Area – and controlled by userID and password allocated directly by the Client, who will be able to select the internal Users and the markets for which each User is authorised to display market share data.