Version of 08/05/2022

Dear User,

Borsa Italiana S.p.a. (hereinafter, the “Company”, “we”, or “us”), with registered office in Piazza degli Affari 6 – 20123 Milan (Italy), which can be contacted at, as the data controller, provides you (hereinafter, the “User”) with the following information on the use of cookies on the Site (hereinafter, the “Site”).  


1. What are cookies and how they are categorized

The Sites use cookies, internet tags and similar technologies (hereinafter jointly referred to as “cookies”), which are technically small files containing packets of information sent by a web server to the visitor/User’s Internet browser and automatically stored by the latter on the device (personal computer, tablet, cell phone, etc.) and automatically sent back to the server each time the site is accessed. The cookie can only be used by the web server that issued it (or by any third parties with whom it was originally shared); this means, for example, that servers managed by third parties cannot read cookies generated by the data controller. The cookie is then re-read and recognized by the Site that sent it every time a subsequent connection is made. The cookies used on this Site can be distinguished by virtue of the following criteria:

The cookies used on this Site may be distinguished by the following criteria:

a) based on who manages cookies:

  • first party cookies: these are cookies installed directly by the Data Controller (or processors acting on its behalf) through the Site.
  • third party cookies: these are cookies installed through the Site by third parties other than Company and processed by such third-parties for purposes they solely determine.

b) based on the time they remain enabled:

  • session cookies: these cookies store the necessary information during the browsing session and are deleted immediately after the session expires, i.e. when the browser is closed;
  • persistent cookies: these cookies are stored on the User’s hard disk and the Site reads them each time the User visits the Site. A persistent cookie has a specific expiry date, after which it will stop working;

c) based on the purpose:

  • technical cookies: these cookies are necessary to allow the User to browse the Site and to benefit from its functionalities. If strictly necessary for the use of the Site, these cookies do not require the User’s prior consent and cannot be switched off. Without these cookies some services or functions could not be provided and the browsing of the Site would not be easy and functional;
  • analytics cookies: these cookies are used to obtain statistical information, in an aggregate manner or not, on the number of Users accessing the Site and about how the Site is used. Where required by the applicable laws, if the User does not consent to these types of cookies, the Data Controller will not be able to improve the Site based on information from the User’s visit;
  • profiling cookies: these cookies are used to trace the User’s profile in order to display advertisements on the Site target on the basis of the User’s interests, tastes and consumption habits. If the User does not consent to these types of cookies, he/she will experience less targeted advertising (but not less advertising overall).

The Site uses technical, performance cookies and profiling cookies.

By modifying the browser's settings, the User can decide to make the placement of any type of cookies subject to his prior consent or to prevent their placement completely. The configuration of each browser is different and is described in the "Help" menu of the browser. To understand how to set the cookie settings, the User can consult the instructions provided by the most popular browsers', available at the following links:

Google Chrome

Mozilla Firefox

Internet Explorer



However, you can also allow the installation/uninstallation of any different categories of cookies used on the Site by clicking on "Enable/Disable single cookies here".


2. What cookies are used on this Site

Technical cookies

Technical cookies are those that the Data Controller uses for the sole purpose of allowing the User to visit the Site and enjoy it. They can be further divided into:

  • necessary cookies: these cookies guarantee the ordinary browsing and use of the Site, allowing, for instance, to book an appointment or to authenticate for accessing reserved areas. Therefore, they are strictly necessary for the browsing and use of the Site and, thus, do not require the User's consent. These are generally session cookies, which are automatically deleted when closing the browser;
  • functional cookies: these cookies allow the User to browse the Site according to a set of selected criteria (for instance, the language or country of origin) in order to improve the service provided on the Site. Therefore, without the User's consent, some of the services and functionalities provided on the Site may not function properly. These are persistent cookies, which remain on the computer in use even after the browser is closed, until the expiry date provided for each cookie (typically from two months to two years) or the User deletes them.

Technical cookies are not used for any purpose other than those mentioned above.

The following technical cookies are currently used on the Site:

Name of the party placing the cookie

Cookie name

Cookie purpose

Cookie retention


Logged In Area


Cookie session

Session (max 60 minutes)


Cookies configuration


CookieControl, CookieControlITC, bit_cfunctional

They contain the preferences expressed by the user in terms of accepting cookies

364 days




When a Cloudflare Captcha or Javascript is executed, a cf_clearance cookie is set in the browser used by the user

364 days


Google Analytics 4


Used to distinguish users.

2 years


Google Analytics 4


Used to persist session state.

2 years




12 Months

Imperva, Inc.

Incapsula DDoS Protection and Web Application Firewall: The cookie on which sessions are related to a specific visitor (visitor representing a specific computer) In order to identify clients which have already visited Incapsula. The only cookie that is persistent, for the duration of 12 months.

When you visit the Imperva website a cookie is saved to your computer. This cookie is used to identify you as a user of this web site. This unique identifier can be reused multiple times but will expire after 12 months.

Other than as per the general browser settings (as explained above), The User can generally deactivate first party technical cookies that are strictly necessary (i.e. not requiring the User's consent) by clicking on the relevant links listed above or, in case of third party cookies, by accessing the respective privacy information notices and, where relevant, consent forms. However, by deleting or blocking these cookies, the Site (or its functionalities) may not work properly or efficiently.


Profiling cookies

Profiling cookies are used to create a profile of the User, based on his/her preferences and interests when surfing the net, in order to offer targeted advertisements. In this way, the advertisements shown on the Site can be more interesting for the User.

 As required by current legislation on privacy, the User's prior consent is required for the installation of such cookies. For this reason, when the User accesses the Site, an appropriate banner is displayed, informing the User that profiling cookies are used on the Site. Should you express your consent to the installation of cookies in this manner, We will keep track of your consent through a special technical cookie. In this way, we will avoid displaying the cookie banner on subsequent visits to the Site.

You are free to block the installation of profiling cookies at any time, without affecting your ability to visit the Site and enjoy its content. However, if the User chooses to deactivate these cookies, it does not mean that he/she will no longer see advertisements on the Site, but that the banners he/she sees may not be in line with his/her interests or preferences.


3. Changes and Updates

This Cookie Policy is valid as of the effective date. The Company may make changes and/or additions to this Cookie Policy due to any regulatory changes and/or additions.


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