Medusa. A new alternative.

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1 Liquidity Simplicity Transparency Medusa. A new alternative. Multi-bank FX Options Trading Platform

2 Digital Vega Backed by 2 major financial institutions; State Street Banking Corp and Deutsche Boerse; Digital Vega has grown to become the leading multi-dealer trading platform specifically for FX Options Digital Vega has already developed a strong reputation for innovation and customer service; The Medusa trading platform is used by some of the world s largest Hedge Funds, Banks, Asset Managers and Brokers Through its partnership with State Street, Digital Vega is integrating its option trading tools and liquidity with Currenex and FX Connect to deliver a market-leading, full service FX capability. In July 2013, the Company was awarded FX Week s Best FX Option Platform beating off larger, established ECN competitors. In response to increasing regulatory pressures, greater focus on cost saving and improving efficiencies, Digital Vega already offers a range of complex trade lifecycle management tools to meet these requirements

3 Medusa Multi-Dealer Trading Platform Relationship-based multi-dealer FX Options trading platform; Intuitive and easy to set up and use Accurate pre-trade indicative pricing from aggregated market feeds Request streams from up to 5 relationship providers across wide range of structures and currency pairs in seconds Price streams aggregated and best all-in bid and offer prices highlighted in real time single click to deal Trade with or without delta hedge (spot or forward), use pre-set spot or forward rate and request 3 rd currency premium if required. Consistent, deep liquidity from 12 global banking groups and 7 connected prime brokers

4 Medusa: Execution Detail FX Options tradable on an RFQ/RFS basis for single vanilla, straddles, strangles, risk reversals, vertical, calendar and ratio spreads Users can either trade implied volatility or price, (system matches on price) Request can be can be submitted from up to 5 banks with or without a spot or forward delta hedge Request by strike or by delta Streamed liquidity from 12 leading FX banks 60+ currency pairs including all majors and NDO s Real-time steamed volatilities and rates Standard & broken tenors for up to one year View, trade and confirm single options or structures in one click

5 Connectivity The Medusa Platform provides a full suite of connectivity options: Pre-Trade/Execution/Post Trade Buy-Side Fix Trading API Buy-side Order Staging, Execution Management and allocations. Portfolio Adjustment: Automated netting and execution based on specific parameters Post Trade Execution download via dedicated FIX API + position reconciliation

6 Flexible Deployment Options The Medusa Platform can be deployed and used based off individual preferences Browser Based GUI Stand Alone, Direct Trading Order Staging Orders generated by Portfolio Manager or Systematic Trading engine routed to central execution desk for execution. Direct FIX based Trading API. Post Trade FIX based Confirmation and Reconciliation API

7 Medusa: Post Trade Services STP Services: Digital Vega offers a range of FIX based STP feeds Direct or through one or more prime brokers Integration with the Traiana Harmony network- delivers all necessary post trade notification tools Comprehensive reporting suite including: Quote response reports Best execution reports Detailed analytics and real-time valuations Spread Reports

8 User Benefits No download or installation required, Medusa platform runs securely across all major internet browsers Ability to request prices from 5 banks simultaneously using single entry saves time and effort Aggregated pricing in competition delivers consistent cost savings Buy-Side FIX Trading API and Order Staging connectivity available NDO s now available with Precious Metals to follow shortly No Fees or charges to buy-side users

9 FX Option Allocations As part of the planned integration to both Currenex and FX Connect, development of a comprehensive FX Option allocation capability is now under way Functional and operational requirements have been gathered from a range of major Asset Managers and Banks and aggregated into detailed business specification. This enhancement is designed to complement the existing FX Option EMS Trading System and will deliver both pre and post trade allocation tools Users will have the option to execute their transactions over the existing multi-dealer platform or upload transactions executed elsewhere to benefit from the allocation workflow tools. Discussions are also under way to deliver an integrated FX Option TCA capability.

10 Liquidity Providers Prime Brokers 10

11 Industry Recognition

12 Digital Vega Contacts Digital Vega FX Ltd Administration On-boarding + Sales Hamilton House 20 Churchill Place 1 Temple Avenue Canary Wharf London London EC4Y 0HA E15 5HJ Authorised and Regulated by the Financial Conduct Authority