Transcript Slide 1

FX Your Way
March 2008
FXall Delivers a Complete Solution
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The greatest liquidity
Leading technology that automates the entire deal life cycle
Trusted intermediary free from conflicts of interest
Advanced STP and integration options
Control and a full audit trail
Fail-safe back-up systems and support
Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)
FX your way
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FXall Remains the Largest and Fastest Growing FX Platform
– Record annual trading volumes of over
$13.4 trillion in 2007
– More than $98bn traded in a single day,
over $1,000bn every month
– Over 700 buy-side customers
– Best practice and compliance benefits
– SAS-70 certified for MiFID compliance
– Full audit trails for every trade
Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)
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Diversified client base delivers consistent flow to providers
Success across customer segments has increased volumes and operating
leverage and reduced revenue volatility
Volume by customer type
(Jan - Dec 2003)
Volume by customer type
(Jan - Dec 2007)
21%
17%
32%
50%
12%
19%
17%
32%
Regional Split
Corporations
Asset managers
• EMEA
59.5 %
Active Traders
• Americas
31.7 %
Banks
•Asia Pacific
8.8 %
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Multiple Client Segments Demand a Range of Solutions
Trading Need
Send order to bank for execution
(Benchmark, Resting Orders, Algorithm)
Proprietary
Order
Order &
Workflow
Management
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Currency
Summary
(XCNET)
SingleBank
RFS
MultiBank
RFS
Multi-leg swaps and forwards
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Housekeeping trades
(small deals in multiple currency pairs)
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Complex portfolios with multiple crossed
currency pairs
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Large amounts, illiquid currency pairs,
NDFs, volatile market conditions
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Market Size spots, swaps and forwards with
single or multiple allocations
Continuous instant execution or SLA based
outsourcing in market amounts
Continuous
Stream
ECN
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Earn spread by providing liquidity or
strategies requiring anonymity
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Dynamic management of relationship
based vs. ECN execution and aggregation
Integration with order management,
execution management and settlement
systems
EMS
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QuickEMS - Multiple Execution Methods in a Single Interface
– QuickFill: Streaming
relationship trading for all
FX products
– Accelor: Active Trading via
anonymous ECN
– Integrated single dealer
streams system for dealing
in full amounts
– Seamlessly integrated to
QuickOMS providing full
access to forward roll,
account split and other
workflow tools
Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)
FX your way
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FXall’s Services Have Been Successfully White Labeled to Meet the Needs of
External and Internal Customers
– Maintains ownership of customer
relationships
– Branded in institutions name
– A full trade lifecycle solution
– Leverages same integration for
FXall
– Requires low upfront investment
– Includes White Label QuickOMS
– Clients with complex order management
requirements
– Trading with other banks can be
permissioned by White Label bank if
required with “White Label” bank included
on every price request
Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)
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QuickOMS White Label
Clients can request quotes and deal with a single or multiple relationship
banks.
Clients can access
continuous
streaming rates from
multiple relationship
banks
Utilise Bank’s proprietary
order types and algorithms
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FX your way
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QuickOMS White Label
Clients can request quotes and deal with a single or multiple relationship
banks of your choice.
Clients can access
continuous
streaming rates from
multiple relationship
banks
Utilize Bank’s proprietary
order types and algorithms
Deal anonymously on an
ECN offering low latency
and a transparent market
structure
Deal on individual orders
or portfolios
Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)
FX your way
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Auto Processing of Phone Based Deals
Clients can request quotes and deal with a single or multiple relationship
banks.
Clients can access
continuous
streaming rates from
multiple relationship
banks
Utilize Bank’s
proprietary order types
and algorithms
Deal anonymously on an
ECN offering low latency
and a transparent
market structure
Capture deals
done by phone for
confirmation and
STP
Deal on individual orders
or portfolios
Use netting tools to optimize execution of multiple orders and
allocations
Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)
FX your way
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QuickOMS Adds Currency Summary (X-CCY Netting) Later in 2008
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View currency totals for a batch, or net across different dealt currencies for the same pair
Totals can be expressed in base, terms or user’s local currency
Identical functionality added to Treasury Center facilitates collaboration with bank sales person
Ability to conduct multiple batches with different banks simultaneously maximizes efficiency
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Treasury Center Enhancements Support Currency Summary Functionality
– Banks sales person can see the summary screen the client is looking at when the deal is sent to
Treasury Center, facilitating easy conversation on the phone
– Sales person can price the trade through any local currency, or price currency pairs individually
– Based on customer’s need, sales person can price critical currencies first or price full set of orders
simultaneously
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Summary
– A combination of execution methods is needed to optimally handle the full spectrum of
clients’ needs
– FXall provides a broad range of execution methods
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Single-bank and multi-bank pricing modes
Batch execution versus executing deals individually
Order Types and Algorithms
Different netting options
– New execution options are being added to QuickOMS this year:
– Cross currency netting
– Integration of QuickFill (streaming relationship liquidity) into QuickOMS
– Integration of Accelor (anonymous ECN) into QuickOMS
– FXall has made significant investment in infrastructure and support and in order
to support the requirements for the most sophisticated institutional customers
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FX your way
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FXall global contact details
FXall Americas
900 3rd Avenue
Third Floor
New York, NY 10022
E [email protected]
T +1 646 268 9900
F +1 646 268 9996
FXall Europe
CityPoint,
9th Floor
1 Ropemaker Street
London, EC2Y 9HT
E [email protected]
T +44 (0) 20 7173 9600
F +44 (0) 20 7173 9609
FXall Asia
#36-03 UOB Plaza 1
80 Raffles Place
Singapore 048624
FXall Boston
470 Atlantic Avenue
Fourth Floor
Boston, MA 02110
FXall Japan
Otemachi 1st Square East, 4th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
E [email protected]
T +65 6511 0650
F +65 6511 0651
E [email protected]
T +1 617 273 8115
F +1 617 273 8049
E [email protected]
T +81 3 5219 1308
F +81 3 5219 1430
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, Denmark, Finland, France, Greece, Ireland, Italy, Netherlands, Portugal, Spain and Sweden, FXall acts through FX Alliance Limited
(regulated by the Financial Services Authority), CityPoint, 1 Ropemaker Street, 9th 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), 900 Third Avenue, 3rd Floor, New
York, New York 10022. In other jurisdictions, FXall acts through FX Alliance, LLC (a Delaware (USA) limited liability company), 900 Third Avenue, 3rd
Floor, New York, New York 10022.
FXall, FXallmanac, FXall Trading, Accelor, Settlement Center, Market Insight, QuickConnect, QuickBatch, QuickFill, QuickTrade, QuickOMS and all
associated logos, are the trademarks of FX Alliance LLC.
Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)
FX your way
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