The Dubai Gold & Commodities Exchange (DGCX) is one of five financial exchanges in the Middle East.

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2 Our beginning. The Dubai Gold & Commodities Exchange (DGCX) is one of five financial exchanges in the Middle East. DGCX is majority owned by the Dubai Multi Commodities Centre (DMCC), an entity of the Government of Dubai. DGCX launched its maiden contract on gold futures in November 2005 & has since added derivatives on other Precious Metals, Base Metals, Currencies, Energy & Equity Indices. The exchange has more than 250 members & is regulated by the Securities & Commodities Authority (SCA). Clearing is provided by the Dubai Commodities Clearing Corporation (DCCC), a wholly-owned subsidiary of DGCX. In March 2013 DGCX migrated to an industry leading exchange platform called EOS powered by Cinnober, the leading technology provider.

3 Right time. Right place DGCX Trade Time MCX Trade Time SGX Trade Time MCX-SX Trade Time SGX Trade Time London Trade Time NY Trade Time

4 DGCX Highlights 45% Y-O-Y growth 2013 vs % Y-O-Y growth in million contracts traded in Ideal geographic location.trading hours 7:00am to 11:30pm UAE. Time overlap Asia & Europe to the US trading hours. Contracts cover a wide range of Precious Metals, Base Metals, Energy, Equities & Currencies. 258 Members & 84 Clearing Members. Tax free environment - global business transacted & cleared in the UAE with funds domiciled in the region offering the benefits of local tax landscape. Self-Regulated Organization under SCA, an affiliate member of IOSCO. Competitive transaction fee structure - one fee for all participants. Same margin requirements for all participants.

5 Awards Emerging Exchange of the Year Award for 2013 by FOW Best technology Innovation by an Exchange Award 2013 by FOW Runner-Up for the Asian Exchange of the Year 2013 by FOW Exchange of the Year 2013 by Global Investor/ISF (Euromoney) Middle East Best FX Exchange 2012 & 2013 by JEFX Best Global Commodities Exchange 2012 & 2013 by GBFR FOW Contract of the Year 2012 FOW 2nd Fastest Growing Exchange 2012

6 DGCX Product Groups Hydrocarbons: WTI Crude Oil Futures Brent Crude Oil Futures Polypropylene Futures Commodities: Gold Futures Silver Futures Copper Futures Currencies: INR/USD Futures Mini INR/USD Futures EUR/USD Futures GBP/USD Futures JPY/USD Futures AUD/USD Futures CAD/USD Futures CHF/USD Futures Equities: S&P BSE SENSEX Futures MSCI India Index

7 Year on Year Volume Growth Contracts 60,000 Value in US $ million 2,000 1,800 50,000 40,000 30,000 1,600 1,400 1,200 1, , , Average Daily Volume Average Daily Value

8 INR Futures - a Particular Success Story Contracts Value in US $ million 50,000 1,800 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 1,600 1,400 1,200 1, Average Daily Volume Average Daily Value

9 INR Futures Value Comparison INR/USD Value Comparision 45.00% 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% DGCX NSE MCX BFX CME

10 Our Members Note: Members highlighted here are non-us domiciled legal entities

11 Our Technology - EOS EOS is DGCX s customized platform based on Cinnober s TRADExpress Platform which brings: Superior transaction speed. Sophisticated order functionality. Wide architecture of trading & clearing services. Multi-Asset Solutions. Multi Currency Trading. Low-latency, high-throughput trading engine. State-of-the-Art Matching Engines. Robust Scila surveillance system.

12 Dubai Commodity Clearing Corporation (DCCC) Regulated by Securities & Commodities Authority. Applied for (TC-CCP) recognition under Article 25 of European Market Infrastructure Regulation (EMIR) 84 active clearers from diverse geographies such as UAE, UK, Switzerland and Singapore. First CCP in MENA to be SWIFT direct member. First CCP in MENA to EuroClear Bank for collateral solutions. First CCP in MENA to link to the Global Liquidity Hub of Clearstream. Span based up-front gross margining. Real-time position and risk monitoring. Settlement guarantee framework with zero defaults since inception.

13 Our Risk Management Infrastructure Novation through DCCC. Upfront IM / SPAN based risk management system. Real time monitoring of MTM. Online alerts for IM Utilization & MTM Loss. Additional protection by price band & order level controls. Intra-day top up collateral. T+1 settlement of MTM P&L. Protected payment system with 4 banks acting as Approved Clearing Banks (ACB). ACBs provide dedicated resources for DCCC & ACBs offer extended banking hours. First non-us based commodity exchange to be a direct member of SWIFT.

14 Pre-funded Margins/ SPAN based RMS Designed to ensure sufficient funds to cover potential losses in a default situation in normal market conditions. IM collected upfront, thereby restricting risks of default due to intra-day price movements. DGCX-RMS uses Standard Portfolio Analysis of Risk (SPAN) methodology for determining IM for all portfolios. IM requirements are back-tested and reviewed at regular intervals. On reaching real time IM limit, system prohibits Members from taking fresh positions. Re- Calculate Positions Calculate IM using SPAN Compare IM Obligation with Collateral Trigger Violations

15 Our Connectivity Solutions DGCX offers its customers access to its market data network from the following options that enable reliable, robust, and cost efficient connectivity: Local MPLS (Multi Protocol Label Switching)- through Etisalat & DU. International Private Leased Circuit (IPLC). Global MPLS through SingTel. Internet via IPSEC VPN or SSL VPN. DGCX offers a world class Tier 3 Data Centre with co-location facilities: Low latency (non blocking) network access. Dedicated fully redundant Internet links or access through Global/Local MPLS Network. Secured infrastructure. Affordable costing. Level 1 Remote support available. Support of PAAS and IAAS Model.

16 Our Independent Software Vendors

17 Membership with DGCX Banks, futures commission merchants, foreign brokers, broker-dealers hedge funds, commodity pools, commodity trading advisors, introducing brokers, commercial entities, proprietary trading firms and other corporate entities are eligible for DGCX membership. Memberships offered: Broker Membership - Broker Members to trade all DGCX contracts either on behalf of their clients or on a proprietary basis. Trade Membership - Trade Members to trade all DGCX contracts on a proprietary basis only. Special Clearing Membership Can independently take up clearing membership.

18 Contact Us Tel: Sales & Relationship Management: Products: Membership: Clearing: Support: Compliance : compliance@dgcx.ae Reference herein to DGCX shall mean the Dubai Gold & Commodities Exchange DMCC. This publication is for information only and does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. Neither DGCX nor its affiliates, associates, representatives, directors or employees, shall be responsible for any loss or damage that may arise to any person due to any action taken on the basis of this publication. DGCX shall not be responsible for any errors or omissions contained in this publication. All information, descriptions, examples and calculations contained in this publication are for guidance purposes only and should not be treated as definitive. No part of this publication may be redistributed or reproduced without written permission from DGCX. Those wishing either to trade futures and options contracts on DGCX, or to offer and sell them to others should establish their regulatory position before doing so. DGCX is regulated by the Securities and Commodities Authority (SCA). SCA is a member of the International Organisation of Securities Commissions (IOSCO).

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