E*TRADE Pro. TT_Trader Futures Platform E*TRADE 360. E*TRADE Mobile

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1 OUR Exclusive Program for Elite Traders

2 Join Get the PRO Technology E*TRADE Pro Our premier fully customizable trading platform. 1 Streaming market data & analytics Stock & options idea generating tools TT_Trader Futures Platform No-fee access to professional-grade TT_Trader platform. Access to every major futures market Real-time market analytics E*TRADE 360 An enhanced trading & investing homepage on etrade.com. Everything you need on one page Point & click customizability E*TRADE Mobile Trade anytime, anywhere 2 with our advanced mobile trading technology. Streaming real-time quotes Stock & options trading 1 The E*TRADE Pro trading platform is available at no additional charge to Pro Elite active trader customers who execute at least 30 stock or options trades during a calendar quarter. To continue receiving access to this platform, you must execute at least 30 stock or options trades by the end of the following calendar quarter. 2 Trades received outside normal market hours will be entered the next business day. 3 By consenting to the use of API and entering into the Application Program Interface User Agreement, you agree that API may employ security policies, procedures and systems of Third Party providers which may or may not be less stringent and secure than E*TRADE s policies, procedures and systems. Material provided on API has been produced by independent third parties not affiliated or endorsed by E*TRADE. To the extent that API or Third Party providers express opinions or make recommendations, you understand that such opinions or recommendations are expressed by the Third Party provider and are not the opinions or recommendations of E*TRADE FINANCIAL Corp. or its affiliates. E*TRADE is not responsible for the accuracy of market data displayed on API or made available by Third Party providers. There may be latency between the time an order (or other information) is submitted from API and the time the order is received by E*TRADE. The E*TRADE Two Second Execution Guarantee or any similar guarantee does not apply for orders placed through API and Third Party provider web sites. The E*TRADE CompleteTM Protection Guarantee does not apply. Orders created and submitted through API are not vetted until they are received by E*TRADE. It is possible that E*TRADE may reject an order placed through API. Please go to for more information. The E*TRADE Financial family of companies provides financial services including trading, investing, and related banking products and services to retail investors. Securities and futures products and services are offered by E*TRADE Securities LLC, Member FINRA/ SIPC/NFA. Futures accounts are carried by R.J. O Brien, an unaffiliated company. TT_TRADER and X_STUDY are a trademarks and MD Trader is a registered trademark of Trading Technologies International, Inc. Systems response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance and other factors.

3 the Trading Elite Most with Every Trade LOW COMMISSIONS Maximize your value with commissions that are clear, competitive, and fair. $7.99 $9.99 stock & options trades 4 75 per options contract 99 futures trades for 90 days ($2.99 thereafter) 5 Low margin rates elite Service Get priority call routing to dedicated teams for fast, personalized service. 6 Priority Customer Service Team Dedicated Active Trading Consultants Derivatives Service Team wide range of Products Get unlimited access to a full range of trading and investing products. Stocks Options ETFs Futures Bonds & mutual funds International securities exclusive benefits Free access to special online features to help you stay ahead of the markets. Live streaming CNBC TV 7 Trading ideas from Minyanville Buzz & Banter Stock, fund, and ETF screeners Plus, trade with leading applications or your own customized solutions with E*TRADE API 3 Apply online at etrade.com/proelite or Call ETRADE-1 The fund s prospectus contains its investment objectives, risks, charges, expenses, and other important information and should be read and considered carefully before investing. For a current prospectus, visit or visit the Exchange-Traded Funds Center at 4 Commissions for stock and options trades are $9.99 with a 75 fee per options contract. To qualify for $7.99 commissions for stock and options trades and a 75 fee per options contract, you must execute at least 150 stock or options trades per quarter. 5 The new account holder will be charged 99 cents (per side, per contract, plus exchange fees) futures commissions for each futures trade executed once a qualified account is opened and deposited funds have cleared. After the 90 day offer period, each futures trade is $2.99 (per side, per contract, plus exchange fees). This offer is not valid for IRAs, other retirement, business, trust, or E*TRADE Bank accounts. Excludes current E*TRADE Securities customers, E*TRADE FINANCIAL Corp. associates, and non-u.s. residents. Offer only applies to new E*TRADE Futures Accounts opened with a $10,000 minimum deposit. Account holders must maintain minimum funding in all accounts ($10,000 minus any trading losses) for at least six months or credit may be surrendered. Limit one new E*TRADE Futures account per customer. We reserve the right to terminate this offer at any time. 6 Customers will be charged $45 for broker-assisted trades, plus applicable commission. 7 CNBC streaming news and the CNBC logo is provided for informational purposes only under a license agreement with CNBC, Inc. Neither E*TRADE FINANCIAL nor any of its affiliates are responsible for its content and no information presented constitutes a recommendation by E*TRADE FINANCIAL or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment activity.

4 E*TRADE Pro Platform The ultimate in trading technology & design. E*TRADE Pro Features A. Live Streaming CNBC TV Watch directly from your desktop. 7 B. FREE NASDAQ Total View Over 20X more liquidity than Level II quotes. 8 C. Excel Manager TM Place trades and stream real-time market data in Excel. D. Streaming News & Watch Lists Track stocks and options you care about most. Additional Features Direct-Access Trading Route orders directly to ECNs 9 or the NYSE. Tear-Off Windows Drag live windows off the platform and onto your desktop. Top 10 Lists View most actives, largest gainers/losers, and more. Conditional Orders Pre-program your trades to easily lock in gains and limit losses. Important Note: Options involve risk and are not suitable for all investors. For more information, please read the Characteristics and Risks of Standardized Options available by visiting etrade. com/options disclosure, calling1-800-etrade-1 or writing to E*TRADE Securities LLC, P.O. Box 484, Jersey City, NJ According to information provided by The NASDAQ Stock Market, Inc. on 5/31/11. This information is deemed to be reliable but has not been verified or confirmed by E*TRADE Securities LLC. NASDAQ and NASDAQ TotalView are registered service marks of The NASDAQ Stock Market, Inc. Please visit for more information.

5 Find Actionable Trading Ideas A. Powerful Charting & Technical Studies Spot trends and manage risk with speed and ease. B. E*TRADE Community See most actively traded, discussion boards, community sentiment and more. 10 C. Sector & Industry Tracker Find top performing sectors, industries & companies in just 3 clicks. D. Customizable Strategy Scanner Integrated technical screener and backtesting. 11 Additional Features Minyanville Buzz & Banter Get trading ideas from top traders. Programmable Speed Keys Create one-click shortcuts for your favorite trades. 9 An ECN fee of $0.005 per share will be added to all trades executed during the Extended Hours trading sessions and on trades executed through E*TRADE Pro at an ECN during regular market and Extended Hours sessions. 10 The E*TRADE Community is provided as a service only. Neither E*TRADE Financial Corporation or its affiliates provide investment advice or recommend any particular trading strategy. You must consider your own risk tolerance, time horizon and investment objectives before taking part in any particular trading strategy. There can be no assurance of any particular outcome or that your experience will be similar to that of other members of the E*TRADE Community. 11 The projections or other information generated by strategy scanner regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Strategy scanner is a product of Trade Ideas LLC, a third party not affiliated with E*TRADE FINANCIAL Corp. or any of its affiliates.

6 High-Powered Options Trading Advanced strategies, tools, and support for serious traders. Powerful Options Tools & Strategies A. Multi-Legged Strategies Implement complex strategies like spreads, butterflies, and condors. B. Weekly Options TM Trade options with flexibility and align your strategy with breaking news. 12 C. Options Charting & Technical Analysis Including price, put/call ratio, implied volatility, and skew charts. D. Streaming Options Chains & Analytics Featuring streaming theoretical values and the Greeks. Additional Features Portfolio Margin 13 Risk-based margin for qualified investors. Advanced Options Trading in IRAs Use spreads and other complex strategies in your retirement account. Important Note: Options involve risk and are not suitable for all investors. For more information, please read the Characteristics and Risks of Standardized Options by visiting etrade.com/options or calling ETRADE-1 or writing to E*TRADE Securities LLC, P.O. Box 484, Jersey City, NJ before you begin trading options. Due to the short-term nature, weekly options have specific risks including illiquidity and the risk that the underlying stock could be sold at the exercise price when the current market value is greater than the exercise price the call writer will receive. Price changes can occur quickly in the underlying stock and could generate significant changes to any potential profit & losses and limit the time to make adjustments. Moreover, there are specific risks associated with trading spreads including substantial commissions, because it involves at least twice the number of contracts as a long or short position and because spreads are almost invariably closed out prior to expiration. Also, there are special risks associated with uncovered options writing which expose the investor to potentially significant loss. Please read the Special Statement for Uncovered Options Writers before you trade. Because of the importance of tax considerations to all options transactions, the investor considering options should consult his/her tax adviser as to how taxes affect the outcome of covered call writing. Commissions and other costs may be a significant factor. An Options investor may lose the entire amount of their investment in a relatively short period of time. 12 The options exchanges list equity options (including ETF options) having approximately one week to expiration following their initial listing. These options are called Weekly Options Series or Weeklys. Because these options have such a short expiry, the options exchanges have the ability to list different series from week to week, but please note that Weeklys are not eligible to be listed for each and every week of a month. For the convenience of market participants, OCC publishes a list of newly added and newly delisted Weekly Options Series for equity options. This list is compiled from sources believed reliable, but certain Weeklys could be included in the list or omitted from the list in error. Also, changes in listing decisions by the exchanges may not be immediately known or reflected in the list. You should always check with your brokerage firm or an exchange directly if you have any questions about the availability of any particular Weekly Options Series. 13 Regular margin accounts do not include option market value in margin equity. Therefore, trade costs and proceeds directly impact margin equity because there is no corresponding margin market value to offset the trade costs and proceeds. For comparison purposes to Portfolio Margin, initial and maintenance requirements shown here for regular margin have been adjusted to account for this impact on margin equity.

7 Powerful Options Screening Technology A. Strategy Optimizer Scan all strategies and compare potential gains and losses. B. Options Analyzer Graphically see your potential profit or loss for new positions, existing positions, or both. C. Probability Calculator Find out the probability of a stock closing in a certain price range. D.Options Screener Screen the markets for options and underlying securities that meet your criteria. Additional Features Direct-Access Options Trading Route orders directly to all major options exchanges. 9 Dedicated Options Support Get help when you need it from options specialists. 5 Trading on margin involves risk, including the possible loss of more money than you have deposited. In addition, E*TRADE Securities can force the sale of any securities in your account without contacting you if your equity falls below required levels, and you are not entitled to an extension of time in the event of a margin call. Please read more information regarding the risks of trading on margin at etrade.com/margin. When trading on margin, an investor borrows a portion of the funds he/she uses to buy stocks to try to take advantage of opportunities in the market. He/she pays interest on the funds borrowed until the loan is repaid. For each trade made in a margin account, we use all available cash and sweep funds first and then charge the customer the current margin interest rate on the balance of the funds required to fill the order. Due to the increased leverage enabled by portfolio margin, only experienced investors with $100,000 or more of account equity and Level 4 Options Trading approval are eligible. This level of equity must be maintained in the account at all times

8 coming soon Your new trading homepage on etrade.com. Fully Customizable, All on One Page A. Monitor Accounts See a graphical view of your performance and asset allocation. B. Track Watch Lists Save customized lists of your favorite stocks and options for easy tracking. C. View Positions Check the performance of all your holdings, including total market value. D. Receive Alerts Get custom stock, trade, and account alerts delivered in real time. Additional Features First Ever Free Online Streaming Quotes Access up-to-the-minute prices, along with news, charts, and options chains. Place Trades Trade directly from E*TRADE 360 with a fully integrated order ticket. Apply online at etrade.com/proelite or Call ETRADE-1

9 Ultimate Mobile Trading Trade anytime, anywhere 2 with the killer mobile trading app. ipad Unleash Your Trading with E*TRADE Mobile Place Stock & Options Trades Securely buy, sell and place conditional orders with just a few taps. Now with complex options strategies. Track the Markets Get FREE real-time quotes, news & charts, plus live CNBC TV 7 for active traders. Fully Integrated with Your Account Check your holdings, balances, and buying power in real time. Move Money Anywhere Quick Transfer 14 cash to and from any account at any financial institution. iphone SCAN TO DOWNLOAD FREE E*TRADE MOBILE Android TM Blackberry 14 For details and important information about Quick Transfer, please visit etrade.com/quicktransferdetails for a listing of the limitations, restrictions, and time deadlines associated with this service. Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions. iphone and ipad are registered trademarks of Apple Inc. The Blackberry and RIM families of related marks, images, and symbols are the exclusive properties of and trademarks or registered trademarks of Research in Motion Limited used by permission. E*TRADE Mobile Pro for BlackBerry is supported by most BlackBerry devices.

10 Premium Futures Trading Access to every major futures market, plus dedicated support. Professional-Grade TT_Trader PlatforM MD Trader Technology Get instant market access with easy-to-use one-click order entry. Easy Order Entry Control your trading with multiple order types, including trailing stops. Customizable Layouts Customize layouts with favorite order types, drag & drop orders, and more. Real-time Market Analytics View depth of market, implied price and volume, and other key analytics. Dedicated Futures Specialists at Ask about trading strategies, platform optimization, order execution, and more. Important Note: Options and futures involve risk and are not suitable for all investors. For more information, please read the see the Risk Disclosure Statement for Futures and Options by calling1-800-etrade-1 or writing to E*TRADE Securities LLC, P.O. Box 484, Jersey City, NJ

11 Trade with Extraordinary Value Low, flat pricing for every trader. 4 AVERAGE TRADES PER QUARTER 150+ STANDARD Stock & Options Commissions We only charge on the first leg of spreads and combinations Options Per-Contract Fee Futures Trades for 90 days, $2.99 thereafter 5 NO PER-SHARE OR ACCOUNT SERVICE FEES Trade more than 1,500 times per quarter? Call ETRADE-1 for special pricing. Low Commissions Are Just the Beginning Execution Quality We team up with market centers for end-to-end order control. Low, Competitive Margin Rates Get more leverage and manage your trading capital more efficiently. 13 Advanced Security We protect your privacy, your assets, and every transaction you make. $1 Bond Pricing Pay just one dollar per bond (minimum $10, maximum $250) for online secondary market trades. 15 Apply online at etrade.com/proelite or Call ETRADE-1 15 Pricing applies to online secondary market trades. Includes Agency bonds, Corporate bonds, Municipal bonds, Brokered CDs, Pass-thrus, CMOs, and Asset Backed Securities. Other fees and commissions may apply to other fixed income trades. Click here for full details.

12 ANNUAL BROKER SURVEY 2011 RESEARCH AMENITIES BEST ONLINE BROKERS 2011 CUSTOMER SERVICE WEBSITE USABILITY ANNUAL BROKER SURVEY 2011 TRADING TOOLS etrade.com/proelite ETRADE-1 Find the location nearest you at etrade.com/branches E*TRADE Securities ratings for Online Broker by SmartMoney Magazine, May 2011 Broker Survey, based on the following categories: Trading Tools (5 stars), Customer Service (2 stars), Banking Services (4 stars), Mutual Funds & Investment Products (4 stars) and Research (5 stars). E*TRADE overall ranked #6. SmartMoney is a registered trademark, a joint publishing venture between Dow Jones & Company, Inc. and Hearst SM Partnership. E*TRADE Securities ratings for Barron s annual ranking of the Best Online Brokers (March 14, 2011), based on Trade Experience, Trade Technology, Usability, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service & Education, and Costs. E*TRADE overall ranked #13. E*TRADE Securities ratings based on the following categories: Web Site Usability (5 stars), Customer Service (5 stars), Research & Tools (4 stars), Costs (3 stars) and Investment Choices (3 stars). E*TRADE overall ranked #3. From Kiplinger s Personal Finance, February Kiplinger s. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited ACTRB10-P61903

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