Provider Presentation From FXall

Agenda

 Overview of FXall  Make markets to FXall’s pool of 1,300+ clients – Aggregator: Bank Streams & Order Book – Portfolio OMS & QuickTrade  Helping your sales team build more profitable relationships  Source liquidity by participating in one of FXall’s ECNs – Aggregator’s Order Book – Mid Book  Helping you best serve your customers through our Enterprise Solutions – Order Management System (OMS) – – White Label Internal Matching Technology Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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FXall Overview

Global Client Base Of Over 1,300 Institutional Clients

57 of the S&P Global 100, 30 of the FTSE 100 27 of the NASDAQ 100, 47 of the NYSE 100 52 of the Top Euro Asset Managers, 27 of the Top 100 US Asset Managers 6 of the Top 10 Hedge Funds All of the top 25 FX Banks

Volume by Customer Type Volume by Region Banks/BDs 23% Corporates 25% Asset Managers 24% Hedge Funds 28%

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Advantages of Working With Leading FX Trading Platform

 Access to broad cross section of real money clients whose volumes have exceeded $100B on numerous occasions  Unlike other venues, FXall’s real money clients seek control & compliance over best price in competition – – SAS-70 certified for MiFID compliance Segregated trading and settlement systems – Reduce unconfirmed trades (Fed requirement) – Full audit trail for every trade – Role-based permissioning – SOX compliance

100 90 80 30 20 10 0 70 60 50 40 2006200720082009201020112012

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Consistent Market Leadership

 

Euromoney

(

#1 multibank and independent platform

) Profit & Loss (Best Trading Platform for Asset Managers) 2002 - 2013 2011 - 2012  Financial News (Best electronic FX trading exchange, Buy-side) 2008, 2011, 2012 

Global Finance

(

Best independent online FX trading system)

2005 - 2013 

TMI Awards

(Winner Technology Award – FX Dealing Portal) 2013  FX Week (#1 multibank platform) 2005 - 2012  FX&MM (#1 ECN Venue) 2010 Confidential and Proprietary. ©2013 FX Alliance, LLC (All Rights Reserved).

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Make Markets to FXall’s Pool of 1,300+ Clients

We Offer Multiple Pools Of Liquidity

 Aggregator : – Bank Stream: continuous streaming product for real money clients and active trading – Order Book: anonymous ECN for active trading banks and hedge funds  Portfolio OMS & QuickTrade: – – Workflow solution based trading system for top-tier real money clients Supports collaborative dealing and benchmark pricing Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Aggregator Combines An Anonymous ECN With Designated Bank Streams

Advantages

 Participation from broad cross section of FXall’s client base  Appeals to banks and hedge funds  Clients attracted to sophisticated order types and ultra-low latency  As a market maker, FXall works with you to make the channel as profitable as possible – Last look in ECN and Bank Streams – No sweeping across venues – Full time liquidity managers ensure flow is compatible Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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POMS & Quick Trade – Reaching The Market’s Top Tier Real-Money Client Base

  

Advantages

Clients choose FXall for control and compliance features, not price competition Designed to encourage trading with a single bank at a time Trade with clients on bank’s own benchmark fixings rates Portfolio OMS QuickTrade Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Helping Sales Teams Build Profitable Relationships

FXall Is Designed to Profitably Maintain Salesperson Interaction

   Facilitates STP and control and compliance on trades done over phone with sales team members Encourages trading with a single bank at a time – Cross currency netting and sub batch trades may only be done on a bilateral basis Tools supplied by FXall to bank sales team members to mirror what clients see to increase dialog and consultation – Trades can be directed to bank salesperson to take advantage of shared views, instant chat or telephone Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Larger, clearer pricing information and action buttons Default Auto spreads can be set for each customer and currency pair and can be adjusted on a per trade basis

Treasury Center Designed To Work In Concert For Deals Done Over Phone With Sales Team

Clearer indication of when a deal is in competition Default time-out settings for each deal type

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Client request FX Spot Trade - workflow

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Treasury Center

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Treasury Center:

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Treasury Center: Define quotation rules

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Treasury Center: build your own mark up model

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Auto Deal and Cover

Benefit

Synchronous hedging solution allows providers to automatically deal and cover client or central treasury trades

Features

 Receive executable prices from up to 10 liquidity providers (cover banks)  Automatically deal and cover client trades even when not logged into Treasury Center  Organize clients in pricing tiers  Rapidly specify and implement custom pricing strategies  Mark-up spot, forward and swap trades Confidential and Proprietary. ©2013 FX Alliance, LLC (All Rights Reserved).

Treasury Center is Built to Help Sales People Collaborate with Clients Over The Phone

       Input screen is reflection of client’s view Built in features to help you collaborate with clients over phone Enables you to outsource liquidity within trading screen if required Ensures your sales team supports FXall features – Including new features as they are released Helps simplify trading and booking of trades Allows batching of multiple currency pairs Has full STP with your back office system Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Sourcing Liquidity Over FXall

Order Book Offers Deep, Anonymous Liquidity from FXall’s Diverse Client Base

     Participation from banks, hedge funds and cross section of real money clients – – Operated transparently with rules and procedures shared with participants Deep liquidity Robust technology – FIX version with ultra low latency Sophisticated orders available for both GUI and API integration Co-location availability Bank Streams offer continuous streaming liquidity Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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GUI Is Flexible To Meet Traders’ Needs

      View top of book – 5 levels or 15 levels Enter orders in either base or term currency Sub-pips are available Preferences can be set for one-click dealing Orders can be IOC or Day Order Types & Features: – – – – – – – Discretion Hidden Iceberg Pegged Order Stop Order OCO Order TWAP Order Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

Market Data Delivery Relies On Standards

  Accelorate provides full order book information Market data capabilities – Full order book information (price and size for each order addition, modification or removal) – Flexible configuration options allow the market data feed to be tailored for intended usage  Technology – Low latency, bandwidth efficient TCP/IP messaging connection  Standard STP options Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

FXall Has Developed an Interbank Mid Book

 Effective way for banks to exchange risk without impacting the market  Key requirements – – – – – Appropriate counterparties optimize balance between liquidity and confidentiality Prevent gaming Fair and robust method of determining matching rate Low and predictable system latency Trusted supplier  – – – FXall’s advantages in this space – Strong track record of working as a partner within the FX banking community – Core business model requires keeping trades confidential Already connected to most key banks Mid-market matching rate derived from Bank Stream Established matching technology 25 Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

Mid Book Matches Buy & Sell Orders

1st

Buy Orders

Bank A 1,000,000

1st 2nd

Buy Orders

Bank A Bank B 1,000,000 2,000,000

Sell Orders

New order is placed behind existing order

Buy Orders

1st 2nd

Bank A Bank B 1,000,000 2,000,000

Sell Orders Sell Orders

2,000,000 Bank C

1st

Counterparties are notified of matches

Buy Orders

1st 2nd

Bank A Bank B 1,000,000 2,000,000

Sell Orders

2,000,000 Bank C

1st 1st

Buy Orders

Bank B 1,000,000

Sell Orders

FXall’s midpoint is robust and gameproof

FXall Midmarket Algorithm FXall Bank Stream Contributions

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

Bk A buys 1mio from Bk C at 1.36123

Bk B buys 1mio from Bk C at 1.36123

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Using FXall’s Technologies As Enterprise Solutions For YOUR Bank

FXall Offers Market Leading Technologies For FX

Solutions include:



Order Management System (OMS)

Commercial grade bank-side internal Order Management System for managing and executing limit and resting orders 

White Labelling

FX trade and workflow system for your clients branded the way you want 

Internal Matching Technology

Matching engine to enable you to give your clients your own Order Book to be used internally and/or offer your clients customized matching rules 

Finteract ®

Real-time workflow and collaboration tools for FX option trading and other derivatives Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Our OMS Is Best of Breed

 FXall developed replacement Limit Order Management System with Citibank FX operation – FXall purchased rights to system and has since sold service to other global banks – Available as a hosted or installed solution  System architected to support: – – High user count; High site count High volume of active orders  Sophisticated workflow for: – Sales; Traders; Managers; Administrators  Open architecture supports: – – Order import by API from external systems Auto-execution into diverse range of liquidity platforms Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

OMS Features & Benefits

Features Fully functional OMS System

Originally specified by one of the world’s largest banks

Platform architecture designed for high volume usage

Caters to thousands of users in hundreds of sites handling a multitude of live orders

Open architecture

Designed with sophisticated set of open APIs

Installed or hosted deployment

Both software solutions are available depending on your requirements.

Benefits All the functionality you need

Focus internal resources on proprietary applications and don’t re-invent the wheel

Reliability and scalability

Depend on our system performance which will scale regardless of your operation’s size

Easy integration

Connect to your existing order capture and liquidity systems or let us do it for you

Ultimate flexibility

Have FXall run the service for you, or prepare & test API connections on our servers before deploying on yours Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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OMS Features Unavailable On Other Platforms

 Extensive configurable rules to determine whether orders coming into system qualify for automatic execution, acceptance, amendment and cancellation Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

Dynamic Position Totaling Automatic Alarms Monitor Orders Against the Market

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The OMS Simplifies Order Entry

  Main Order Entry pane – – Systematically via API from your own order capture systems Quick Entry Batch pane: – – – – Import orders into Batch pane from a .CSV file Copy orders from a blotter into the Batch pane Initiate a new order and make multiple copies of this order Add an order from the main order entry pane to the batch Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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WL – Complete FX Trading Technology Platform

    Branded platform is a full FX trade lifecycle solution Especially designed to meet the needs of regional banks custodians Take advantage of a cost-effective ASP implementation Easy to deploy with market leading features

Your Brand

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Internal Matching Technology

 – – – FXall’s proven, low latency ECN matching engine is available to banks for license, to internalize flow to access own liquidity – Internal flows from multiple sources can be integrated using FXall’s Order Book technology which you can also make available to your select clients via API or GUI within a branded liquidity pool Customer rules can be implemented Fast, scalable automated system Cost savings gained through not having to pay transaction costs on each side of the transaction – Reduced operating risk results from fewer trades Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Trading FX Options With Your Clients

 Collaboration tool supports FX options, other derivatives and structured products – Allows counterparties to view structured deals together, edit the transaction in multiple iterations, chat about the details of the deal and then STP the confirmed details seamlessly into mid-back office systems – Banks can host their own products in the system, and publish those products to customers securely and efficiently without having to maintain software on the customer's side. – Legacy Excel spreadsheets can be hosted and deployed in this way without a bank’s IP assets having to leave the firewall Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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Deep Liquidity Via 80+ Leading Global Providers

Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

Appendix

Client Referral Program

   FXall will offer your new client referrals 25% off integration fees You facilitate in-person meeting or phone call with client to introduce and endorse FXall To qualify, simply send us an email with the following information: – – –

Client

:

Contact Information

:

Bank Contact

: Company Name Contact Name, Email, Telephone Referring salesperson Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

FXall New Provider Pricing Plan For Relationship Trading

I .

Integration Fees (one time)

Silver Plan

$25,000

Gold Plan

$25,000

Gold Plus Plan

$25,000

Platinum Plan

$25,000 II.

Transaction Fees Minimum Brokerage Spot Forward-Maturity under 1 month Forward-Maturity Greater than 1 month None $30/million $33/million $42/million $10,000 $20/million $22/million $28/million $30,000 $15/million $16.50/million $21/million Even Swap-Maturity under 1 month $3/million $2/million $1.50/million Even Swap-Maturity Greater than 1 month $12/million $8/million $6/million One-Day Swap (difference between near leg and far leg equals one calendar day) is charged at $1/$1 million notional $50,000* $10/million $11/million $14/million $1/million $4/million * In any month where your brokerage reaches $100,000 all marginal brokerage is discounted by 50% in each month $5,000/month $5,000/month $5,000/month $5,000/month III. Base Users/Transaction Support Fees (3 Entitlements Manager ID's and 10 Trading/Settlement Center ID's) Additional ID's IV. Reporting Fees V. Settlement Center Events (Matching, Netting, PB Messaging) First 200 per month Next 200 Events Thereafter $350/mo/user Free $3/event $2/event $1/event $350/mo/user $350/mo/user $1,500 (Includes FIS) $1,500 (Includes FIS) $3/event $2/event $1/event $3/event $2/event $1/event $350/mo/user Free $3/event $2/event $1/event Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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FXall Global Contacts

FXall Americas

909 3rd Avenue 10 th Floor New York, NY 10022

E

[email protected]

T

+1 646 268 9900

F

+1 646 268 9996

FXall Washington

1250 Conn. Ave NW Suite 200 Washington, DC 20036

E

[email protected]

T

+1 202 261 6538

FXall Europe

CityPoint, 10th Floor 1 Ropemaker Street London, EC2Y 9HT

E

[email protected]

T

+44 (0) 20 7173 9600

F

+44 (0) 20 7173 9609

FXall Asia

#36-23 UOB Plaza 1 80 Raffles Place Singapore 048624

E

[email protected]

T

+65 6511 0650

F

+65 6511 0651

FXall Japan

Otemachi 1st Square East, 4 th Floor 1-5-1 Otemachi, Chiyoda-ku Tokyo 100-0004

E

[email protected]

T

+81 3 5219 1308

F

+81 3 5219 1430

FXall Switzerland

Hufgasse 10 c/o Thomson Reuters SA 8008 Zurich

E

[email protected]

T

+41 58 306 7078

F

+41 58 306 7808

FXall Boston

470 Atlantic Avenue 4 th Floor Boston, MA 02110

E

[email protected]

T

+1 617 273 8115

F

+1 617 273 8049

FXall India

Level 1, Trade Center Bandra Kurla Complex Bandra (East) Mumbai 400 051

E

[email protected]

T

+91 22 4070 0132

F

+91 22 4070 080

FXall Australia

5 Lime Street King Street Wharf Sydney New South Wales 2000

E

[email protected]

T

+612 9220 3570

F

+612 9220 3535

FXall Hong Kong

Suite 8 20/F One International Finance Center 1 Harbour View Street, Central Hong Kong

E

[email protected]

T

+852 3669 8124

F

+852 3669 8008 FXall’s services are not intended for, and are not available to, private customers, and are not intended for distribution into any jurisdiction where such distribution is restricted by law or regulation. FXall’s services do not constitute investment advice or an advertisement, offer, or solicitation of an offer, for the purchase or sale of any investment, securities or other property, or a representation that any investment, security or other property is suitable for any person.

In Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Netherlands, Portugal, Slovak Republic, Spain and Sweden, FXall acts through FX Alliance Limited (regulated by the Financial Services Authority), CityPoint, 1 Ropemaker Street, 10th Floor, London EC2Y 9HT. In Australia and Singapore, FXall acts through FX Alliance International, LLC (ARBN 097 253 640), (a Delaware (USA) company, members' liability limited), 909 Third Avenue, 10th Floor, New York, New York 10022. In India, FXall acts through FXall International (Mumbai) Private Limited. In other jurisdictions, FXall acts through FX Alliance, LLC (a Delaware (USA) limited liability company), 909 Third Avenue, 10th Floor, New York, New York 10022. FXall, FXall Trading, Accelor, Settlement Center, Market Insight, QuickConnect, QuickFill, Portfolio OMS, QuickTrade, Order Book, Bank Stream, Accelorate, Treasury Service, Indicative Quotes, FXone and all associated logos, are the trademarks of FX Alliance, LLC. Confidential and Proprietary. ©2012 FX Alliance, LLC (All Rights Reserved).

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