Technical User Group. Thursday 26 February 2015

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1 Technical User Group Thursday 26 February 2015

2 Agenda Introduction London Stock Exchange Group Derivatives Business Updates London Stock Exchange Group Release Updates (SOLA 7, Turquoise 8.6) London Stock Exchange Cross and BTF Orders Oslo Børs - Release Updates (Millennium 8.6 North Sea) Q & A Session Page 2

3 BIST30 Index Derivatives on LSEDM Vincent Prieur Derivatives Product Manager LSEG Equity & Derivatives Markets London, February 2015 Page 3

4 Executive Summary LSEG signed a derivatives partnership agreement with Borsa Istanbul (BIST) under the terms of which London Stock Exchange Derivatives Market (LSEDM) will be able to offer trading in futures and options on the BIST 30 Index of leading Turkish stocks, cleared via LCH.Clearnet. Main objectives: 1. Partner with Borsa Istanbul to foster the development of Turkish capital markets and give international exposure to Turkish derivatives products via LSEDM as international London-based gateway Provide access to Turkish derivatives without a need for physical presence in the local market (currently required to operate in Turkey) Utilize London Stock Exchange Group s infrastructure, from trading (DMA, Market Maker protection, etc.) to clearing services, through its internationally recognised Clearing House, LCH.Clearnet 2. Complement the Emerging Market products offering on the LSEDM, currently focused on Russian names Page 4

5 Dec-05 May-06 Oct-06 Mar-07 Aug-07 Jan-08 Jun-08 Nov-08 Apr-09 Sep-09 Feb-10 Jul-10 Dec-10 May-11 Oct-11 Mar-12 Aug-12 Jan-13 Jun-13 Nov-13 Apr-14 Sep-14 Traded volume - Millions Opeh Interest - Thousands Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Traded volume Open Interest Growth potential of Turkish financial sector and equity market is significant Strong growth of Turkish derivatives market since launch but still significant upside as its size still compares with smaller EMs (Taiwan, Poland), with low penetration of ETD 2,500 2,000 1,500 1, BIST-30 Index options 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - Derivatives daily average turnover in EMs (US $bl - from last triennial Central Bank survey by BIS) Open Interest Volume 8 BIST-30 Index Future Open Interest Volume Source: BIS, Bloomberg, Borsa Istanbul Page 5

6 Contract overview (1/2) [Subject to Regulatory approval] Parameter BIST-30 Futures/Options on LSEDM BIST-30 Futures/Options on Borsa Istanbul Same? FTSE 100 Index Futures/Options on LSEDM Underlying BIST-30 Price Index divided by 1000 P FTSE 100 Index Trading Hours London Time for Orderbook 07: London Time for Orderbook With a break between London Time O London Time Currency Turkish Lira (TRY) P British Pound (GBP) Tick Size Futures: Options: 0.01 P Futures: 0.5; Options: 0.5 Contract lifecycle February, April, June, August, October and December (Contracts with three different expiration months nearest to the current month shall be traded concurrently. If December is not one of those three months, an extra contract with an expiration month of December shall be launched.) P 4 nearest Quarterly expiries of the March, June, September, December expiry cycle Expiration Day Last Trading Day of the Expiration Month. In case the domestic market (Borsa Istanbul) is closed or open half day due to an official holiday, Expiration Day shall be the preceding Trading Day P 3 rd Friday of Expiry Month Expiration Settlement Price (EDSP) The final settlement price of BIST 30 futures contracts shall be calculated by weighting of the time weighted average of the last 30 minutes of continuous auction in the equity market (in the second session) and closing price of the index with 80% and 20%, respectively. The calculated weighted average is divided by 1000, rounded to the nearest price tick, and called as the final settlement price 1 [exact wording to be confirmed] P Value of the FTSE 100 Expiry Index as calculated by FTSE at on the Expiration Day following the LSE s intraday auction (rounded to the nearest 0.5 Index points). DISCLAIMER: LSE has entered into a license agreement with BIST to be permitted to use the BIST 30 Index that BIST owns rights in, in connection with the listing, trading and marketing of derivatives products linked to the BIST 30 Index. BIST makes no warranty, express or implied as to the accuracy, completeness, merchantability, fitness for a particular purpose or the results to be obtained by any person or any entity from the use of the BIST 30 Index, any intraday proxy related thereto or any data, included therein, and cannot be held responsible for any loss or damage arising from any faults failures delays omissions of BIST30 Index in connection with the trading of any contracts, or for any other use.

7 Contract overview (2/2) Trading Calendar Borsa Istanbul and LSEDM do not share exact same trading calendar. When Borsa Istanbul is closed, LSEDM Turkish segment is closed (example: May 1 st, Ramadan Feasts etc, National Turkish Holiday). When Borsa Istanbul is open, LSEDM is open, with some exceptions: Easter (Good Friday and Easter Monday), Spring Bank Holiday (unless it is the last day of month and so, expiry day), Christmas Day, Boxing Day, on which day LSEDM is closed. On December 24 th and December 31 st, the Turkish segment of the LSEDM will be open for a full trading day (no Half Day, to be in line with local market). Copy of Trading Calendar will be made available on the LSE s website when confirmed. Flex contracts will be available on LSEDM (not available on Borsa Istanbul); members will be able to flex expiry date (futures and options) and strike price (options only). Page 7

8 New features in SOLA 7 For Traders and Front-End Developers Shrey Kohli Derivatives Product Manager LSEG Equity & Derivatives Markets London, February 2015 Page 8

9 Summary Main objectives of today s presentation: 1. Strategies creating front-end solutions with pre-configured strategies 2. Bundled Orders grouped multiple bilateral trades, e.g. for volatility trading 3. Self Execution Prevention how to configure it 4. Third Party Execution for IDBs arranging bilateral trades Page 9

10 1. Strategies (1 of 3) Functionality in SOLA 7: Extension to 3 and 4 legs configured for all Futures and Options Same functionality as previous SOLA versions FLEXCO creation message. Order book: Strategy v.s. Strategy/ Strategy v.s. Legs Blocks: Cross/ Committed trades Automatically generated strategies Future calendar spreads (LSEDM: Buy near month, Sell far month; OSLO: Sell near month, Buy far) as available today Other strategies will be user created Page 10

11 1. Strategies (2 of 3) Pre-configured strategies for traders: Front-end developers can create Strategy Wizards (using FLEXCO creation) Pre-set templates for commonly used strategies E.g. LSEG front-end BTS SBER Feb 2015 Call Butterfly Page 11

12 1. Strategies (3 of 3) Some suggested strategies 2 leg Calendar spread (LSEDM/ Oslo defined) Straddle, Collars, Risk Reversal, Spreads, Ratio Spreads Butterflies Ladders Spreads v short call/ put Straddle v short call/ put 3 leg 4 leg Diagonal spreads Iron Butterflies Condors Box spread Page 12

13 2. Bundled Orders (1 of 2) Functionality in SOLA 7: Grouped multiple committed / cross orders simultaneity of execution Up to 4 legs: Same or different counterparty in each leg Same or different financial instrument in each leg any future or option Specify price for each leg One counterparty initiates, each other counterparty needs to approve its leg before the trade is registered. Page 13

14 2. Bundled Orders - Vola trades (2 of 2) Covered call - A writes a call for C - A buys a future from B Trader B SELL RIOB FUT MAR 15 BUY RIOB FUT MAR 15 Trader A SELL RIOB MAR 15 USD 500 Trader C BUY RIOB MAR 15 USD 500 Bundled order workflow A creates Bundled Order: B confirms A receives B and C receive notification notification Sell RIOB MAR 15 C@500 to C of [their] Bundled Order Buy RIOB MAR 15 FUT from B Legs C confirms A receives confirmation A, B, C receive confirmation that trade is accepted Developers can pre-configure vola trades for front-ends e.g. covered calls, covered puts, spreads/straddles/ladders vs underlyings Page 14

15 3. Self Execution Prevention (1 of 2) SEP Groups Firm X Trader ID 1 Trader ID 2 Trader ID 3 Trader ID 4 FIRM X sets up SEP Groups SEP Group A Trader ID 1 Trader ID 2 SEP Group B Trader ID 3 Trader ID 4 Expected execution behaviour for orders v Trader ID 1 Trader ID 2 Per SEP rules v Trader ID 3 Trader ID 4 Per SEP rules v Trader ID 1 or 2 Trader ID 3 or 4 Execution = = = Members can set up SEP Groups / SEP Rules for their TraderIDs by contacting londontam@lseg.com Page 15

16 3. Self Execution Prevention (2 of 2) SEP Group A (Incoming) v SEP Group A (resting) = Per SEP rules SEP Rules Expected trading behaviour Incoming is a: Quote Order Resting is a: Rule Order Quote CIO CRO CBO RC CIO CRO CBO RC Cancel Resting Order Quote takes precedence Cancel Incoming Cancel Resting Cancel Both Reduce and Cancel Execution No Self Execution Prevention Cancel Incoming Order Quote takes precedence Exceptions: SEP will not work for implied orders, minimum quantity orders and cross trades Page 16

17 4. Third Party Execution (1 of 1) 1 IDB Trader A 2 IDB Trader B Trader C IDB processes 1 2 IDB negotiates trade bilaterally between Traders A, B and C IDB enters trade (cross-order) details via through SOLA 7 Third Party Execution functionality LSEDM SOLA Third-party cross processes LSEDM 3 SOLA 7 Third party execution System validation (volume) 4 Trader A 3 4 SOLA v7 validates the order (quantity control checks, if any) Trade details are sent to LSEDM members (A, B and C) for confirmation 5 Trade validation by participants Trader B 5 Messages are sent to the IDB for each confirmation/ rejection. 6 System validation (price) Trader C 6 Once all participants confirm, SOLA v7 performs price validation checks 7 Trade confirmation 7 Trade is confirmed and sent to CCP (messages are sent to IDB/ traders). Page 17

18 SOLA 7 Project Update Matthew Oatham Technical Account Manager Client Technology Services UK London Stock Exchange Group Page 18

19 SOLA 7 Functionality New functionality being introduced in SOLA 7 includes: 3 and 4 legs strategies Bundled Orders Self Execution Prevention Third-party Execution Flex Series Creation for Trade Reporting Group Information via HSVF Page 19

20 SOLA 7 Testing Requirements SOLA 7 was deployed in CDS on 15 December Mandatory certification is required for all FIX and SAIL applications. Certification should be completed prior to the first customer dress rehearsal. HSVF applications must be tested and signed off prior to production go-live. Customers should contact their Technical Account Manager to schedule their certification test. All Technical Specifications are available on the London Stock Exchange Derivatives website. Page 20

21 Timelines Activity Date Customer Dress Rehearsal 1 (Mandatory) 7 March 2015 Customer Dress Rehearsal 2 21 March Production Go-Live 30 March The dress rehearsal will also include an alternative site failover test. While the ASR test is not mandatory, customers are encouraged to attend. 2 Production go-live is subject to internal testing and customer readiness. Customers who require Self Execution Prevention (SEP) enabled for the dress rehearsal or production go-live should contact their Technical Account Manager. Final readiness sign-off should be provided to the Technical Account Manager prior to production go-live. Page 21

22 Turquoise Release 8.6 Matthew Oatham Technical Account Manager Client Technology Services UK London Stock Exchange Group Page 22

23 Turquoise Release 8.6 New functionality being introduced in Release 8.6 includes: Common Symbol Field Length Increase TradeMatchID Encoding Change New Dark Book Execution Instructions Enhanced Execution Instruction and TIF Behaviour (including new Qualifying Block Order for Turquoise Block Discovery ) Optional Dark Book Member Matching (pending regulatory nonobjection) Sponsored Access Enhancements Page 23

24 Common Symbol Field Length Increase In order to support the on-boarding of new markets on to Turquoise the Common Symbol field length will change from 6 to 8 characters. This change will affect the FIX and Native interfaces as well as the MITCH multicast feed. Where necessary, customers should ensure their Turquoise interfaces and downstream applications can handle the field length increase. Page 24

25 TradeMatchID Encoding In order to support case insensitivity in some downstream systems the Turquoise TradeMatchID encoding will change from base 62 to base 36. This will impact customers who are currently decoding TradeMatchID sent on the MITCH multicast feed. This will also impact customers who reconcile between TradeMatchID sent on the FIX interfaces against TradeMatchID sent on the MITCH multicast feed and Native interfaces. Customers are reminded that Turquoise use a G offset when encoding to base 36. Page 25

26 New Dark Book Execution Instruction The new execution instruction Turquoise Uncross TM then Continuous allows orders to be parked until the next Turquoise Uncross TM. After the Turquoise Uncross TM, any remaining quantity will be eligible to trade during continuous matching and participate in subsequent Turquoise Uncross events until expiry. A new enum (6) is added to Exec Instruction field of New Order and Order Cancel/Replace Request messages in Native Gateway. A new enum (w) is added to ExecInst (18) field of the New Order, Execution Report and Order Cancel/Replace Request messages in FIX Gateway. A new enum (w) is added to ExecInst (18) field of the Execution Report in Drop Copy (Execution Report) Gateway. Page 26

27 Enhanced Execution Instruction and TIF Behaviour TIF/ Execution Instruction Current Behaviour New Behaviour GFA - Turquoise Uncross Only Submitted between a Call Market and Turquoise Uncross. GFA Turquoise Uncross Only Submitted between Turquoise Uncross and the next Call Market. GTT/GTD Turquoise Uncross Only Submitted between a Call Market and Turquoise Uncross. GTT/GTD Turquoise Uncross Only Submitted between Turquoise Uncross and the next Call Market. Takes part in the Turquoise Uncross after the next Call Market, any remainder expired after the uncrossing. Takes part in the Turquoise Uncross after the next Turquoise Uncross, any remainder expired after the uncrossing. Takes part in the Turquoise Uncross after the next call Market and subsequent Turquoise Uncross events until expiry time is reached. Takes part in the next Turquoise Uncross, and subsequent Turquoise Uncross events until expiry time is reached. Take part in the next Turquoise Uncross any remainder expired after the uncrossing. Order immediately expires. Takes part in the next Turquoise Uncross, any remainder will persist, participating in subsequent Turquoise Uncross until expiry time is reached. Page 27

28 Optional Member Priority Matching Member Priority Matching within the Turquoise Midpoint Dark Book and Turquoise Block Discovery, subject to regulatory non objection. Member Priority Matching is optional functionality whereby members may choose to be configured to enable their Turquoise Midpoint Dark Book and Turquoise Block Discovery orders to first check for matching possibilities against their own orders in size then time priority before then continuing with any unexecuted size to check for matching possibilities against orders of other members in size then time priority, when selected to aggress the counter-side of the book. No development work is needed. The functionality is enabled at firm level by Turquoise Market Operations. Customers are also reminded of existing post trade Internalisation functionality which compliments member priority matching. Feedback on the market consultation Member Priority Matching in the Turquoise Midpoint Dark Book and Turquoise Block Discovery to be provided on or before 6 March 2015 to sales@tradeturquoise.com. Page 28

29 Sponsored Access Enhancements Changes will be made to the behaviour of the Maximum Gross Consideration Exchange Level Control for the Turquoise Sponsored Access functionality. Currently a 0 (zero) value disables the Maximum Gross Consideration validation meaning customers need to specify at a minimum a value of 1 to trigger the Maximum Gross Consideration validation. In Turquoise Release 8.6, the Maximum Gross Consideration validation is now enabled for a value of 0 (zero) thereby rejecting all incoming orders for the Sponsored User. Customers will be able to receive alerts when a Sponsored User nears a maximum gross consideration breach. Customers should contact their Technical Account Manager to enable this functionality. Page 29

30 Certification & Timeline Turquoise Release 8.6 has been available on CDS since 29 January Clients are reminded that all Turquoise applications (FIX, Native, Post Trade, Drop Copy) will need to be recertified prior to the first customer dress rehearsal. All MITCH Replay/Recovery applications will need to be recertified. MITCH multicast applications must be tested and signed off by customers. Activity Date Customer Dress Rehearsal 1 (Mandatory) 14 March 2015 Customer Dress Rehearsal 2 28 March 2015 Production Go-Live 13 April 2015* * Production Go-Live is subject to customer readiness and internal testing. Page 30

31 Introduction of Cross Orders and Block Trade Facility (BTF) for ETFs and ETPs Philippe Teillet Technical Account Manager Client Technology Services UK London Stock Exchange Group Page 31

32 Cross Orders & BTFs - Overview The London Stock Exchange will introduce Cross Order and Block Trade Facility (BTF) functionality for Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) traded on SETS and the ETF Euroclear Bank trading services. The new order types will allow members to bring off-book trades (OTC) on-book for the purpose of real time order book price validation, automated trade reporting, and clearing. BTFs are differentiated from Cross Orders in terms of trade size. For BTFs, there is a set minimum quantity based on Exchange Market Size (EMS). Trade price validation: o Cross Order: trade price must be within the best bid/offer spread. o BTF: trade price must be within the best/bid offer spread plus/minus an additional percentage. Page 32

33 Cross Order & BTF Types Internal (Intra-bank) Both orders are entered by a single member in one message. Once a Cross/BTF order is accepted, the 2 sides will immediately be matched and the trade will be sent for clearing and settlement. The trade will be advertised via market data in the MITCH Trade message and GTP Trade Cross message. Committed (Inter-bank) Two different orders are entered by two different London Stock Exchange members via two different messages. Once a Committed Cross/BTF order is accepted, the system will check for a corresponding order with matching Cross ID. If no match is found, the order will be parked. The parked order will not be added to the order book or advertised via market data. Once the other side of the trade is received, it will be matched immediately and sent for clearing and settlement. The trade will also be advertised via market data in the MITCH Trade message and GTP Trade Cross message. Page 33

34 Cross Orders & BTFs - Summary Cross Order Type Internal Cross Internal BTF Committed Cross Committed BTF Description A dual sided order, sent in one message, agreed within a single member firm that will execute with each other priced at or within the visible best bid and best offer spread. A dual sided order, sent in one message, agreed within a single member firm, that will execute with each other priced at a configurable percentage above or below the visible best bid and offer. Minimum size required. A single sided order, agreed or identified by two different member firms, that will execute with the other side of a cross order priced at or within the visible best bid and best offer spread. A single sided order, agreed or identified by two different member firms, that will execute with the other side of a BTF order priced at a configurable percentage Above or below the visible best bid and offer. Minimum size required. Page 34

35 Technical Implementation Only DAY TIF allowed for Internal and Committed Cross/BTF orders. Cross/BTF order entry will be allowed during Continuous Trading ONLY. Order Cancellation/Amendment o o o o When submitted, an Internal Cross/BTF Order cannot be cancelled by the submitted member firm or market supervision as it will immediately result in a trade or a rejection. When submitted, a Committed Cross/BTF Order which is still not matched (being the first order) can be cancelled by the submitted member firm or market supervision. It is not possible to amend Cross/BTF orders Member firms supporting the Cross Order functionality must also support the cancellation of an on-book trade via the Post Trade gateway. Page 35

36 Impact on London Stock Exchange Interfaces (1/2) FIX Trading New Order Cross new message Cross Order Cancel Request new message Execution Report 3 new tags: Cross ID, Cross Type, OrigCrossID Native New Order Cross new message Cross Order Cancel Request new message Execution Report message Container field, new value Cross Order Post Trade Trade Capture Report (server Initiated) 2 new tags: Cross ID, Cross Type Drop Copy Execution Report 3 new tags: Cross ID, Cross Type, OrigCrossID Page 36

37 Impact on London Stock Exchange Interfaces (2/2) The following changes will impact all customers processing multicast data and the XLON Instrument reference file directly from London Stock Exchange. MITCH Trade message: current reserved field will be used to advertise the cross type. Group Ticker Plant Trade Cross message: message already exists and disseminated on Borsa Italiana channels. This message will be disseminated on London Stock Exchange channels. London Stock Exchange Reference Data - XLON Instrument file 1 column name changed 3 FIX/FAST columns have been removed 4 additional columns added Page 37

38 Enablement & Certification Cross Orders and Block Trade Facility will be available on CDS on Friday 27 February. Customers should contact their Technical Account Manager to be enabled for the new functionality. Customers supporting the new functionality will need to certify before go-live. All customers will need to ensure that they are ready for the changes implemented on the MITCH and GTP multicast feeds, and the changes to the XLON Instruments file. Sign-off must be provided by all customers to their Technical Account Manager before go-live. The Production go-live date is expected to be late April/early May, subject to customer readiness, and will be confirmed in due course. Page 38

39 Additional Information and Contact Details The Service & Technical Description document for Cross Orders and BTF is available at: The updated Millennium Exchange technical documents are available at: Technical Account Management team: Page 39

40 Oslo Børs Millennium Release 8.6 North Sea London TUG February Ingvild Resaland Page 40

41 Oslo Børs - Release 8.6 North Sea Timeline December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 Dec 1 st Timeline for Release 8,6 announced through Delta web Current phase Jan10th Publish Market Model & functionality changes Jan 12th Reference data files made available Jan 12th CDS upgraded. ISV and Customer Testing ISV and Customer Conformance March 14th DR 1 Mandatory March 21st DR 2 Optional GO LIVE! April 20th Dialogue with Customers and ISVs (Independent Service Vendors) Page 41

42 Key Market Model Features in Release 8.6 North Sea A Dark Pool in a regulated exchange environment Separate Dark Midpoint Order book per instrument - New partition to be used for Dark Midpoint Order Books only, to avoid latency impact in the lit instrument Order Book Midpoint matching from Oslo Børs lit BBO - for speed and price improvement purposes Reintroduction of minimum execution size (MES) - Allows you to prevent your dark order to be split into smaller trades Executions from Dark Midpoint Order Book are published without Counterparty IDs - Unlike visual member IDs disseminated in market data feeds on trades from lit books - Dark volume will be included in the monthly publication of members total market share on Oslo Børs Page 42

43 Key technical features in Release 8.6 North Sea Includes Turquoise Uncross functionality - Randomized uncrosses during the day - Your feedback on the frequency is highly appreciated. Currently set up with minimum 10 seconds and maximum 20 seconds between auctions - Three different matching instructions - Turquoise Uncross only - Continuous then Turquoise Uncross - Continuous only Size Time order prioritizing Self-execution prevention is available in the Dark Midpoint Order Book Preferencing in the Dark Midpoint Order Book is not part of this release Please note: - Protocol changes in ALL Trading and Post Trade Interfaces for Oslo Børs and Burgundy - Protocol changes in market data MITCH and FIX FAST Equities for Oslo Børs and Burgundy Page 43

44 To-Do List for Oslo Børs Clients Software/systems adapt to become compatible with Millennium Release 8.6 North Sea - Members internal development, ISVs (Independent Service Vendors) and Marked Data Vendors Enablement changes only if you require changes to your current enablement - All existing cash equity trading enablement will automatically gain access to Dark Midpoint Order Books Test utilize the test services - Oslo Børs CDS-environment opened with North Sea functionality in January. Dark book activity is generated in OBGEN5_M daily in CDS. Conformance test before DR1 Carried out in collaboration between clients and Oslo Børs - Clients already conformed against the Turquoise Uncross functionality only need to inform Oslo Børs at technicalsupport@oslobors.no. Participate actively in Dress Rehearsal 1 (mandatory) - Please submit the DR Readiness Confirmation Form within March 11 th 2015, and please submit your Testing Confirmation Form by the end of March 14 for DR1. Links to the enhanced electronic registration forms will be published on Oslo Børs Delta webpage. Determine whether you wish to participate in Dress Rehearsal 2 - DR2 includes fail-over and recovery Remember to configure smart order routers and trading algorithms to benefit from the North Sea Dark Pool liquidity in time for go-live GO-Live April 20! - Please submit the GO-LIVE readiness confirmation form by April 15, and confirm North Sea connectivity from your production environment on Saturday April 18. Page 44

45 Contact points at Oslo Børs All important material is posted on the Delta web No password or user name required - Subscription service enter your address at the website to receive information Technical helpdesk: - technicalsupport@oslobors.no / Tel Enablement: - enablement@oslobors.no / Tel Market Data: - Line.mauseth@oslobors.no / Tel Christian.pettersen@oslobors.no / Tel Members: - Ingvild.resaland@oslobors.no / Tel Carl.Nilsen@oslobors.no / Tel Samuel.stenmark@oslobors.no / Tel. +46 (0) Page 45

46 46 Page 46

47 LSEG Charity Mixed Touch Rugby Tournament 2015 When? 17 June 2015 (18:00 23:00) Where? Allianz Park (Home of Saracens) Why? Charity - Legacy - Healthy Workforce - Brand Visibility o o LSEG Foundation RFU s All Schools - A programme to introduce rugby and its values into 750 secondary schools How can you get involved? o Enter a Team (10 players) o As a Sponsor (Networking Drinks or Pool Sponsor) o As a Spectator Enquiries to: TouchRugby2015@lseg.com Page 47

48 LSEG Foundation All proceeds from the tournament will be donated to London Stock Exchange Group s Foundation. Designed to provide a focus for the many long-lasting charitable initiatives supported by the Group. It focuses on helping young and disadvantaged people to reach their full potential, through the development of life skills and business enterprise. Our partners The foundation is currently supporting 3 partner charities for : Friendship Works (UK) A children s mentoring charity, providing adult mentoring for disadvantaged children who need encouragement and inspiration. Habitat for Humanity HFH (Sri Lanka) A non-governmental organisation that builds homes for families in need. LSEG Foundation has worked with HFH to fund the construction of over 100 houses in the North and East of Sri Lanka, areas devastated by almost three decades of armed conflict. In-presa (Italy) A charity for disadvantaged young people, aimed at helping to provide an educational environment that enables the young beneficiaries to come to terms with learning and work, while developing a sense of citizenship. Page 48

49 Q & A Session Page 49 TUG presentation link:

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