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EBS Global Access User Guide EBS Global Access ®™

October 2011

i EBS Global Access User Guide

Contents

Introduction .............................................................................. 5

Overview ........................................................................................................................... 5

The EBS Global Access Installation ..................................................................................... 5

Getting Started ......................................................................... 6

Signing On.......................................................................................................................... 6

Trader Profile ..................................................................................................................... 8

Trader Profile - Customization ......................................................................... 8

Trader Parameters .................................................................................................... 8

1.1.1.1. Bid/Offer Auto-Interrupt ..................................................................... 8

1.1.1.2. Bid/Offer AutoFill Price Options .......................................................... 8

1.1.1.3. Multiple Bids and Offers ..................................................................... 8

1.1.1.4. Allow Buy/Sell with Quotes ................................................................. 8

1.1.1.5. Display EBS Best Big Fig ....................................................................... 9

1.1.1.6. Check Price Validation ........................................................................ 9

1.1.1.7. Display Local Prices ............................................................................. 9

1.1.1.8. Bid > Dealable Offer ............................................................................ 9

1.1.1.9. Small Trade Amount ........................................................................... 9

1.1.1.10. AutoTab Default ............................................................................ 9

1.1.1.11. Top of Book Depth View for Tenths.............................................. 10

1.1.1.12. Work The Balance ........................................................................ 10

1.1.1.13. Show Rounded Price for Tenths ................................................... 11

1.1.1.14. Shift With Automatch Take (SWAT) .............................................. 12

1.1.1.15. Shift Sweep Take (SST) ................................................................. 12

1.1.1.16. One-Click Trading......................................................................... 12

1.1.1.17. Auto Clear Settings ...................................................................... 12

1.1.1.18. Price Time Limit ........................................................................... 12

1.1.1.19. Auto Fill Price Options.................................................................. 13

Manage Currency Pair Settings ........................................................................................ 13

Manage Currency Pairs - Settings ............................................................................ 15

1.1.1.20. Floor Pair ..................................................................................... 15

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1.1.1.21. My Pairs....................................................................................... 15

1.1.1.22. Default Amount (Best Price)......................................................... 15

1.1.1.23. Default Amount (Regular Price).................................................... 15

1.1.1.24. Maximum Amount (Trade) ........................................................... 15

1.1.1.25. Track in EBS Deals ........................................................................ 15

1.1.1.26. Hide/Show +/- 1 Amt and Hide Cmlty +/- 1 Amt ........................... 16

Deal Query (My Settings) ........................................................................................ 16

1.1.1.27. Deal Query by Date Range ........................................................... 17

1.1.1.28. Deal Query by Ticket Number ...................................................... 19

1.1.1.29. Deal Query by Deal Id .................................................................. 20

1.1.1.30. Deal Query Results Information ................................................... 22

1.1.1.31. Deal Query Ticket Details Display ................................................. 22

1.1.1.32. Download Today’s Deals .............................................................. 23

1.1.1.33. Download Search Results ............................................................. 24

My Settings – Value Date Calendar ......................................................................... 24

My Settings – Global Access Keypad ....................................................................... 26

Global Access Keypad – Expanded Language/Locale Compatibility .......................... 26

EBS SPOT Global Access Application Interface .................................................................. 27

The Traffic Meter Bandwidth Monitor .................................................................... 27

Silo Messages ......................................................................................................... 28

Signing Off (Logout) ................................................................................................ 28

EBS Spot – EBS Global Access Trading Application ............................................................ 29

Select Currency Pair Displays .................................................................................. 30

Price Panels ............................................................................................................ 31

Panel Re-Ordering .................................................................................................. 32

Cumulative Depth at Top of Book ........................................................................... 32

Price Panel Views .................................................................................................... 33

Full Price View ........................................................................................................ 34

Alerts 34

Order and Transaction Panels ................................................................................. 35

Bids and Offers ....................................................................................................... 36

Thumbtack Orders .................................................................................................. 37

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KEYPAD SHORTCUT ................................................................................................. 37

Quote Input Panel Mouse Scroll Behavior ............................................................... 37

Interrupting a Quote ............................................................................................... 38

Transaction Status Panels ....................................................................................... 38

Transaction List Box ................................................................................................ 39

Transaction Panel – Deal Completed ....................................................................... 39

Weighted Average Indicator ................................................................................... 40

Better Price Indicator * ........................................................................................... 40

Sell/Buy Orders ....................................................................................................... 41

Indicative Rates ...................................................................................................... 43

Information Panel Customization ............................................................................ 44

EBS Rates Panel ...................................................................................................... 44

Advanced Order Type.............................................................. 45

Fix Orders ........................................................................................................................ 45

Selecting an Order Type ................................................................................................... 45

Net Traded Amount Position ............................................................................................ 46

‘Amend Down’ ................................................................................................................. 46

Super Off All..................................................................................................................... 47

Errors and Warnings for Fix Orders .................................................................................. 48

Guidelines for Fix Orders .................................................................................................. 48

EBS Market Data ..................................................................... 48

Market Data Ranges Panel ...................................................................................... 49

Range Panel – Regional Market Data View .............................................................. 49

Net Volume Flow .................................................................................................... 50

Trader Deals ........................................................................................................... 51

Trader Deals (Dynamic Transaction Summary or DTS) ...................................................... 52

EBS Deals ................................................................................................................ 53

Net Position ............................................................................................................ 53

Net Position View (resizable window) ..................................................................... 54

VIEWS SECTION................................................................................................................ 54

Select Trading Views… ............................................................................................ 54

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Standard Trading View: ........................................................................................... 54

Compact Trading View: ........................................................................................... 55

Double Column Price Panel View: ........................................................................... 56

Classic 6 Price Panel View (min 1280x1024 resolution): .......................................... 56

Classic 11 Price Panel View (min 1024x1280 resolution):......................................... 56

Quote Input Panels – Errors & Warnings ................................................................. 57

EBS Smalls on Global Access ................................................................................... 58

Contact Information......................................................................................................... 59

Confidential and Proprietary Information. Copyright © 2011 ICAP plc.

5 EBS Global Access User Guide

Introduction

Overview EBS Global Access (GA) leverages the public internet for deployment, allowing an alternative means of accessing the EBS Spot, precious metals and NDF markets. This user guide covers the functionality a Dealer must know to trade on the EBS Global Access system.1

A trading floor may have one or more EBS Workstations, each trading multiple currency pairs, NDFs or precious metals. EBS Global Access supports simultaneous trading of up to 11 pairs and a trading floor may be located anywhere. The EBS Global Access dealing system accepts prices from any authorized Dealer. These prices collectively are known as the EBS Spot market. Dealers select EBS currency pairs to appear in their Price panels, available for trading and for tracking in the EBS Deals panel.

Each trading floor has administrative functions handled by a Trading Floor Administrator (TFA). These functions include establishing a trading floor profile, setting counterparty credit limits and administrative maintenance required before trading can commence. A separate document, entitled EBS Global Access Trading Floor Administrator User Guide, describes TFA administrative functions.

The EBS Global Access Installation

ICAP Customer Support will provide documentation and support required for a new Global Access installation. Documents include:

EBS Global Access Minimum Requirements

EBS Global Access Security Overview

EBS Global Access Proxy and Firewall Support

EBS Global Access Installation Guide



Getting Started

Signing On

The initial login sequence for first-time users is covered in an email sent by ICAP Customer Support. Users must log in and establish their credentials with a separate security application prior to using EBS Global Access for the first time.

You must click on the I Accept button of the EBS Spot Terms of Use Acknowledgement screen to continue and log in. Clicking on I Do Not Accept will close the application and you will not be able to trade.

The “Successful Sign On” message appears. It contains information including:

• User Profile information

• Credit information (floors needing credit decisions, status of conversion rates. System messages.

Successful Sign On My Settings Home



The My Settings tab contains links to the My Setting Home, Trader Profile, Manage Currency Pairs, Deal Query, Value Date Calendar, and the Keypad Setup tabs.

My Settings Home Page

The My Settings Home page presents all of the tabs leading to different components of the application. It also includes links to areas where some of the most common procedures are performed.

Getting Started

View the EBS Spot Now Help document (PDF)

Manage your trading profile

Manage your currency pair parameters

Manage keypad setup

Helpful Links

Download Today’s Deals

Perform a Deal Query for deals you’ve done

Edit how you work the balance on trades

Hide/Show the Big Figure on Price Panels

Turn on/off Price Validation

Value Date Calendar



Trader Profile

From the My Settings Home, click on the Trader Profile tab. The Trader Profile screen opens and enables the Trader to customize some of the features and displays parameters shown on the EBS Spot Global Access Trading App.

Trader Profile - Customization

Basic parameters help to determine how certain elements of the EBS Spot Trading App appear on screen. Two areas address most of the parameters that go to create a Trader’s profile: the Work the Balance Default method, and a basic trading behavior parameters section. An additional link, Manage Currency Pair Settings, allows further customization of currency pair display for the Trader.

A Trader may access and modify their Trader Profile at any time by clicking the My Settings button on the EBS Spot Masthead.

Trader Parameters

1.1.1.1. Bid/Offer Auto-Interrupt When enabled, Bid/Offer Auto-Interrupt option prevents any outstanding bid/offer for a currency pair when that currency pair’s BID or OFFER key is selected from the same workstation. Bid/Offer Auto-Interrupt interrupts any outstanding quotes. The default is Disabled.

Note: The Bid/Offer Auto-Interrupt option cannot be enabled if the Multiple Bids and Offers option or Allow Buy/Sell with Quotes option is enabled.

1.1.1.2. Bid/Offer AutoFill Price Options When enabled, this provides the Dealer with the option of having the Quote panel automatically populate either the “Bid” or “Offer” pips field with the Best Dealable Price in the selected currency pair. Use the spin buttons in conjunction with this feature to increase or decrease the Bid or Offer pips. In addition, traders have a further option to AutoFill with the EBS Best price when there is no EBS Dealable Best price (due to credit). The default setting for existing customers who had Bid/Offer Autofill Price enabled, will be EBS Dealable Best enabled.

1.1.1.3. Multiple Bids and Offers The Multiple Bids and Offers option allows you to enter multiple quotes on the same side of the market for a currency pair. The default is Enabled.

Note: The Multiple Bids and Offers and Bid/Offer Auto-Interrupt options cannot be enabled at the same time.

1.1.1.4. Allow Buy/Sell with Quotes The Allow Buy/Sell with Quotes option allows you to take prices from the market while keeping your current Bids and Offers in the market. The default is Enabled.

Note: When the Allow Buy/Sell with Quotes option is enabled, the Bid/Offer Auto-Interrupt option is de-selected automatically and cannot be chosen, and the Multiple Bids/Offers option automatically is chosen and cannot be de-selected.



1.1.1.5. Display EBS Best Big Fig Select whether to Display EBS Best Big Fig[ure] for the Bid and Offer on your Price panel when there is no dealable price for that currency pair. This figure appears in red if a non-dealable price is in the market. (Once a dealable price is available, the black “Dealable Big Figure” replaces this red “EBS Best Big Figure.”) The default is Not Enabled.

1.1.1.6. Check Price Validation The Check Price Validation feature, if enabled, displays a warning on the Quote Input panel if you enter a price that is 85 pips away from the internally calculated EBS market price. This feature also displays a warning “Price changed, Check Price” in the Sell/Buy panel if the displayed price has changed for the worse in the two seconds prior to attempting to take a price. The default is Not Enabled.

1.1.1.7. Display Local Prices When enabled, the Display Local Prices option shows prices submitted by the Dealer himself in the Price panel or prices from another workstation on the same floor. For any local price, the price and dealer ID of the owner of the Order also displays. The default is Enabled.

1.1.1.8. Bid > Dealable Offer Select this option to allow entering a Bid greater than the Dealable Offer or an Offer less than the Dealable Bid in the market. The default is Enabled.

1.1.1.9. Small Trade Amount Selecting the Small Trade Amount option allows that when the Trader presses SEND, the submitted amount will never be greater than the amount visible in the Price panel at that time, nor will it be greater than the maximum amount. The default is Not Enabled.

Note: The maximum trade amount, as defined by ICAP in “pairs.bin” file for each currency pair, can be modified by the Trader on the Manage Currency Pair screen.

When the Small Trade Amount option is selected (on), then:

• The small amount will be applied at a hit Order submission.

• If the small amount value is zero (not displayed on the Price panel), the Small Trade Amount is not applied.

• If the Small Trade Amount value is greater than the amount currently set by a Trader (automatically or manually), the small amount is not applied.

1.1.1.10. AutoTab Default The trader will have two choices of either ‘Full Pip’ or ‘Fractional Pip’ in the Bid/Offer and Buy/Sell Panels.

• Full Pip - Full Pip is the default AutoTab selection. With the ‘Full Pip’ option selected, the trader is only required to enter two digits to get to the amount field. The fractional amount will be auto-padded to zero.

• Fractional Pip - With the ‘Fractional Pip’ option selected, the focus will AutoTab from the price field to the amount field after the trader enters all 3 digits.



Note: In order to cater to a trader who wants to keep the AutoTab setting to ‘Full Pip’ but may wish to enter a fractional price on occasion, in “Full Pip” clicking on the price field changes Auto Tab to ‘Fractional Pip’. Upon leaving the panel or entering the order, the trader’s setting will revert back to ‘Full Pip’.

Price Padding in Fractional Pairs Examples of the ‘Fractional’ price padding logic when tabbing out of the Price field:

• Entering a single digit (“3”) would be padded with zeroes on the left and right: 030

• Entering 2 digits (“32”) would be padded with a zero on the right: 320 • Entering ALL digits (“325”) requires no padding: 325

Small/Odd Amount Entry To enter small or odd amounts, the trader must use the decimal key.

• A trader who wants to enter “300 thousand” will enter “.3” • A trader who wants to enter “2 million, 300 thousand” must enter “2.3”

Amount Padding in the Quote Panel A trader who wants to enter “1 million” will enter “1” and the system will pad “.0” on <Send> or exiting the field. It will be displayed as “1.0”.

1.1.1.11. Top of Book Depth View for Tenths Traders can choose their Depth of Book view preference for either Exact Amount or Cumulative Amount. Exact Amount will show a summarization of all of the amounts of Bids or Offers. In contrast, the Cumulative Amount will show the individual amounts of the Bids or Offers.

1.1.1.12. Work The Balance The Work The Balance Default: option, which you specify on the Trader Profile screen, allows automatic resubmission of a Buy/Sell Order as a Bid/Offer if the amount of the Buy/Sell order is not satisfied. You can select whether to “always,” “partial” or “never” Work the Balance, as described below.

My Settings – Trader Profile WTB Selection

• If Work The Balance is "Always," any amount remaining from the Buy/Sell order is submitted as a Quote, regardless of whether any amount of the original deal was done.

• If Work The Balance is "Partial" and part of the Buy/Sell order is transacted, the remaining Buy/Sell amount is submitted as a Quote.”



• If Work The Balance is “Never,” any remaining balance of a Buy/Sell Order is not submitted as a Quote. The default is “Never.”

The Buy/Sell Request panel displays an indication of the Work The Balance settings for the Order prior to submission. You may modify the Work The Balance setting dynamically on a per-order basis on the Buy/Sell Request panel before submitting each Order.

The size requested remains the same as that submitted with the original Sell/Buy Order. The size obtained accumulates from any deals that took place as part of the original Sell/Buy Order, as well as from the Work the Balance Quote.

1.1.1.13. Show Rounded Price for Tenths Will show Rounded at EBS Best Price for a Tenths Pair above the Price Panel’s Bid and Offer.

For example:

Bid prices shall be rounded down to the next whole pip. For example:

EBS Best Dealable Bid

Rounded Price

489 48

481 48

480 48 (no rounding)

Offer prices shall be rounded up to the next whole pip. For example:

EBS Best Dealable Offer

Rounded Price

509 51

501 51

500 50 (no rounding)

992 00



The default setting is OFF.

1.1.1.14. Shift With Automatch Take (SWAT) Using <Shift + Bid/Offer>, also known as Shift with Automatch Take - allows manual traders to quickly Automatch at the Best Dealable Price for the default Normal Trade Size (Best), allowing for faster execution. This is a Trader Profile parameter. The default is ON.

Note: For those customers with 1-Click functionality enabled, the 1-Click Amount will automatically default to the Normal Trade Size (Best), but may be modified. The SWAT Amount will also automatically default to the trader’s Normal Trade Size (Best).

1.1.1.15. Shift Sweep Take (SST) Using <Shift + Buy Reg/Sell Reg > allows manual traders to Buy/Sell at the Outside Price for his/her Normal Trade Size (Reg), allowing for fast execution.

Default upon deployment will be ON.

1.1.1.16. One-Click Trading To execute via the mouse more quickly, traders can click once on the Best Dealable Bid/Offer prices to initiate a deal. ‘One-click’ is either On or Off for all pairs.

The default setting for this enhancement is OFF.

1.1.1.17. Auto Clear Settings Choose whether to Auto Clear each Transaction panel after a specific status is achieved: Done: the selected panel clears from the screen when a Quote is completed or done.

Interrupted: the selected panel clears from the screen whenever a Quote is interrupted.

The Auto Clear option automatically closes each Quote Transaction panel with a ‘User Defined’ setting in seconds after reaching the “Done” and/or “Interrupted” state. The default for the panel settings is un-checked.

1.1.1.18. Price Time Limit This option determines how long an active Quote displays in the Price panel. This can be anywhere from (0) zero seconds to 59:59 minutes. If Price Time Limit is ‘un-checked’ (disabled), the Quote stays active until it is removed manually. The timer begins when the price is submitted into the EBS Spot market, by selecting the <SEND> key.

A manual price interrupt has priority over this limit. For example: If 10 seconds is selected, the price remains in the EBS Spot market for 10 seconds and then is



removed automatically. If this is manually interrupted after three seconds, the 10 second setting is overridden and the price removed at that time.

The default is no Price Time Limit (‘un-checked’).

This option applies to ALL orders.

1.1.1.19. Auto Fill Price Options

Whole Pip Pairs Bid/Offer Panels This option allows a Trader to autofill Bids & Offers with the EBS Dealable Best price.

• With ‘EBS Best Dealable’ selected, the Trader will see the EBS Dealable Best price.

• With ‘OFF’ selected, the Trader will need to enter their own price.

The default setting is OFF.

Tenths Pairs Bid/Offer or Buy/Sell Panels The Trader can choose how prices will be auto filled for Bids/Offers and for Buys/Sells for currency pairs defined as pip type “tenths”. This is applicable for auto filling of prices at dealable best top of book and not applicable to outside prices on the Price Panel.

For Buy/Sell, the following options are:

• OFF

• Exact Price - The price presented in the Buy/Sell Request panel, shall be an exact price.

• Rounded Price - The price presented in the Buy/Sell Request panel, shall be a rounded price.

Default for tenths pairs ‘Buy/Sell Panels’ is ‘Rounded Price’

For Bid/Offer, the following options are:

• Exact Price - The price presented in the Quote Request panel, shall be an exact price.

• Rounded Price - The price presented in the Quote Request panel, shall be a rounded price.

Default for tenths pairs ‘Bid/Offer Panels’ is ‘Exact Price’

Manage Currency Pair Settings There are two ways to get to the ‘Manage Currency Pair Setting’ page:

1. From the My Settings Home, click on the Manage Currency Pairs tab.



2. On the bottom of the Trader Profile screen there is a link labeled “Manage Currency Pair Settings…” Clicking this link opens the Manage Currency Pairs tab.

“Manage Currency Pair Settings…” link on Trader Profile screen

The Manage Currency Pairs screen opens and offers access to modifying currency pair parameters for the pairs you most often use. You may customize various default values and maximum tradable amounts, and determine which pairs to have available for trading or to track on the EBS Spot Global Access Trading App.

My Settings – Manage Currency Pairs

Use the Manage Currency Pairs screen to add or remove an individual currency pair to your profile, or modify a currency.

• If you wish to modify any option for a currency pair, highlight the pair’s row, make your changes and select Save. The details for each column heading are described below.

• To cancel your changes and return to your last saved settings, select Revert.

You may use the “Change currency pairs shown on Trading Screen…” link to return to the Trader Profile screen.



Manage Ccy Pairs – Change Ccy Pair on Trading Screen Link

Manage Currency Pairs - Settings

1.1.1.20. Floor Pair A list of currently available pairs you may modify for your trading needs.

1.1.1.21. My Pairs Pairs are selectable for displaying on EBS Spot.

• To add/remove an individual Currency pair, highlight the desired pair and click in the checkbox.

• To add/remove all of the Currency pairs, <CLICK> on ‘My Pairs’ checkbox.

1.1.1.22. Default Amount (Best Price) Enter the amount you wish as you Default Amount for submitting Quotes and Sell/Buy Orders at the Best Dealable Price.

1.1.1.23. Default Amount (Regular Price) Enter the appropriate amount you wish as your Default Amount for submitting Quotes and Sell/Buy Orders at the Regular Dealable Price.

1.1.1.24. Maximum Amount (Trade) Enter the Maximum Amount you wish to not exceed for both Quotes and Sell/Buy Orders. You will receive an error message whenever you enter a trade size greater than this maximum.

1.1.1.25. Track in EBS Deals Select which currency pairs you wish to display in the EBS Deals panel within EBS Spot. The default is all pairs tracked. Deals which are the lowest given or highest paid within each predefined period are eligible for display in the EBS Deals panel.

To add/remove all of the ‘Track in EBS Deals’, <CLICK> on ‘Track in EBS Deals’ checkbox.



1.1.1.26. Hide/Show +/- 1 Amt and Hide Cmlty +/- 1 Amt

These selections are related to the Trader Profile’s ‘Top of Book Depth View for Tenths’.

• When the Trader Profile’s ‘Top of Book Depth View for Tenths’ is set to ‘Exact Amount’, and the ‘Hide Exact +/- 1’ is NOT <CHECKED>, then the price panel will show the second level in ‘Exact’ view. When ‘Hide Exact +/- 1’ is <CHECKED>, then the price panel will NOT show the second level in ‘Exact’ view.

o To add/remove for all pairs, <CLICK> on ‘Hide Exact +/- 1’ checkbox.

• When the Trader Profile’s ‘Top of Book Depth View for Tenths’ is set to ‘Cumulative Amount’, and the ‘Hide Cmltv +/- 1’ is NOT <CHECKED>, then the price panel will show the second level in ‘Cumulative’ view. When ‘Hide Cmltv +/- 1’ is <CHECKED>, then the price panel will NOT show the second level in ‘Cumulative’ view.

• To add/remove for all pairs, , <CLICK> on ‘Hide Cmltv +/- 1’ checkbox.

Deal Query (My Settings) From the My Settings Home, select the Deal Query tab. This opens the Deal Query screen, where you may download today’s deals, or search for specific deals by one of three methods: by Date Range, by Ticket Number or by Deal ID (i.e., reference number).



1.1.1.27. Deal Query by Date Range When the My Setting’s Deal Query screen opens, no deals are displayed. First select whether to query by Date Range or by Ticket Number. The default selection is by Date Range.

My Settings – Deal Query – Deal Range Search

To begin the Deal Query by Date Range:

1. Select the “From:” date using the date selector, and then fill in the “GMT:” deal time field. Repeat for the “To:” date and “GMT:” fields.

My Settings – Deal Query Date Selection

• By default, today’s date appears in both the “From:” and “To:” fields. The “GMT:” times default to starting at “0:00” and ending at the end of the trading day.



2. Select the “Instrument:” type from the drop-down menu.

My Settings –Select Instrument Type for Deal Query

• “All” combines Spot and NDF deals. The remaining options filter only the selected instrument type.

3. Select the “Currency:” pairs from the drop-down menu.

My Settings – Select Ccy Pair for Deal Query

• “All” combines every currency pair enabled on your system. The remaining options filter only the selected currency.

4. By default, the “User ID:” field pre-populates with the logged in user’s ID. If tickets for multiple users are needed, click the All checkbox.

My Settings –User ID Field for Deal ID Query



5. After selecting the instruments, currencies and starting/ending deal dates/times, click the Get Deals button.

Settings – Deal Query Get Deals button

6. If there are deals matching the query parameters, the query results page displays a list of these deals.

• The Broker imposes a limit of 2,000 on the number of deals that are returned for each query.

7. Single click on any of the column headings to sort deals in ascending or descending order based on the heading. An arrow appears to indicate the sort order, as illustrated below. Reverse the display order by single clicking on the heading cell again. Each subsequent single click reverses that order.

Column Sorting up and down

8. If there are no results for the query parameters, the following warning message displays: Refine your query parameters and try again.

Deal Query “No Results Found” Message

1.1.1.28. Deal Query by Ticket Number When the My Setting’s Deal Query screen opens, no deals are displayed. To query by Ticket Number, click the Ticket # button. The default selection is by Date Range.

Ticket Number Range Search



To begin the Deal Query by Ticket # range:

1. Enter the starting deals “From #:” in the left field.

2. Enter the ending deals “To #:” in the right field.

For a single ticket search, enter the same deal ticket number in both the “From #:” and “To #:” fields.

3. Click the Get Deals button.

Deal Query Get Deals button

4. If there are deals matching the query parameters, the query results page displays a list of these deals.

The Broker imposes a limit of 100 on the number of deals that are returned for each query by Ticket # range.

5. Single click on any of the column headings to sort deals in ascending or descending order based on the heading. An arrow appears to indicate the sort order, as illustrated below. Reverse the display order by single click on the heading cell again. Each subsequent single click reverses that order.

Column Sorting up and down



1.1.1.29. Deal Query by Deal Id When the My Setting’s Deal Query screen opens, no deals are displayed. To query by a single ticket’s order number, click the Deal Id button. Four field boxes display for entering the required deal id.



Deal ID Search

To begin the Deal Query by Deal ID:

1. Enter the deal’s unique 14-character ID, starting in the left-most field. Use the mouse or Tab key to advance to the next field.

• An error message displays if an improper combination of characters are entered in one of the four fields.

Deal ID Entry Error

2. Click the Get Deals button.

Deal Query Get Deals button

3. If there is a deal matching the query Deal Id, the query results page displays the ticket.

Deal Query –Deal Id Result

• Because the Deal Id is unique to a deal, only a single ticket per search is returned.





1.1.1.30. Deal Query Results Information The information displayed on the Deal Query results list includes the following details for each deal returned:

• Deal Date/Time – The deal’s date and time

• Trader ID – Your Trader ID

• Maker/Taker – Were you the deal’s maker or taker

• CPTY – The counterparty’s floor code

• CPTY ID – The Counterparty’s ID code

• B/S – A buy or sell deal

• CCY Pair – The deal’s currency pair

• Price – The price paid or received

• Size – The deal’s amount, in millions

• Deal ID – A unique number for the deal

• Our Ticket # – The deal’s ticket number supplied for your trade

• Their Ticket # – The deal’s ticket number supplied for your counterparty’s trade

1.1.1.31. Deal Query Ticket Details Display To display details about a particular deal in the list, scroll to or select a deal with the mouse. A double mouse click opens the Ticket Details display on top of the search results screen, as shown below.



• Use the Print button to send a copy of the ticket to your local printer. Close removes the ticket display and returns to the search results screen.

1.1.1.32. Download Today’s Deals On the top of the Deals Query screen, the Download Today’s Deals (CSV File)… button allows a quick method for creating a comma-separated value (.csv) file to download to your computer.

Deal Query Download Today’s Deals button

Clicking on the button opens a file saving box where you can specify the location to save the .csv format file. You can then open and work with the file at your convenience or forward it to the appropriate department of your bank. No queries criteria need be entered to gather today’s deals and create this .csv format file.



My Settings – Deal Query Download file window

1.1.1.33. Download Search Results On the top of the Deals Query screen, the Download Search Results (CSV File)… button allows a method for creating a comma-separated value (.csv) format file of the displayed results from a query which you may download to your computer.

Deal Query Download Search Results button

Clicking on the button opens a file saving box where you can specify the location to save the .csv format file. You can then open and work with the file at your convenience or forward it to the appropriate department of your bank. (See My Settings – Deal Query Download file window.)

My Settings – Value Date Calendar The Value Date Calendar displays value date information by currency pair/tenor and month. It is only available to those granted TFA entitlement.

From the My Settings Home, select the Value Date Calendar tab to display the Value Date Calendar. (Alternately, from the Floor Admin Home, select Settlement Instructions, then select the Value Date Calendar tab to display the Value Date Calendar.)

Click on the Currency Pair drop-down list to display its calendar for the chosen month (which by default is the current month’s calendar). Use the Currency Pair scrolling list to select a new pair. To change the month displayed, hit the Prev (previous) button to move backwards or the Next button to move forwards.



My Settings – Value Date Calendar

The EBS Trading Day ends at 5:00 PM local New York time. At this point, the Value Date refreshes and all trades for the next 24 hours are considered part of the next Trading Day. Thus, any trades done after 5:00 PM local New York time and before Midnight (GMT) will have an Effective EBS Trade Date advanced by one day from the actual date and a refreshed Value Date based on that Effective Trade Date.

However, the Value (Spot) or Valuation (NDF) and Settlement Dates are calculated by counting forward from the Effective Trade Date a number of business days (matching the currency pair’s tenor, usually two).

The illustrations below show the differing information displayed for Spot (left) or NDF (right) deals. For Spot deals, the “Spot:” date is its value date. For NDFs, the “Spot:” date also equals the value date, while the “Value” date corresponds to the NDF’s valuation or fixing date. A scroll bar allows access to additional information that cannot display in the small calendar’s date cell.

My Settings – Spot versus NDF Details Displayed on the Value Date Calendar

An exception to this rule occurs on Friday, when the Effective Trade Date does not move forward until 5:00 PM local New York time on Saturday. Trades done after 5:00 PM Saturday and before 5:00 PM Monday local New York time will have an Effective Trade Date of Monday.



You can print the “Value Date Calendar” by clicking on Print. Output from the selected month only is sent to the default printer. The “Value Date” print report displays six columns of information:

• Day (of week)

• Date (as digit from 1 to 31)

• Currency Holidays

• Spot Value Date

• Valuation Date

• Settlement Date (NDF only)

My Settings – Global Access Keypad

Distributed via ICAP Customer Support, the EBS Spot Global Access Keypad allows quick and easy access to trading functions. A mouse and keyboard may be used in addition to, or in place of the keypad. Keypad navigation, mapping and shortcuts are described in further detail later in this document.

Global Access Keypad – Expanded Language/Locale Compatibility EBS has added new keypad mapping locales to provide more customers with the ability to trade using the EBS keypad. Below is an expanded list of the Languages/Locales that the EBS Keypad is certified to work with:



EBS SPOT Global Access Application Interface

The Masthead includes informational labels (Floor Code, Trader ID, Date/Time information), navigational buttons (for EBS Spot, Settings and for Floor Admin application access, if granted), a traffic meter indicating current bandwidth availability (i.e., network latency with your ISP), plus a silo message area and logout control.

Masthead Information and Navigation Links

The Traffic Meter Bandwidth Monitor

A traffic meter on the left side of the Masthead monitors and displays an indication of your current bandwidth availability. This equates to the network latency you are experiencing with your Internet Service Provider service. As bandwidth decreases, red appears on the top of the green column, with one increment for every 25 percent decrease in bandwidth.

Bandwidth Monitor

As the red portion of the column increases, the trade Taker’s satisfaction may decrease as the prices they try to hit become stale. Maker side transactions based on stale prices could occur. When the bar is 100 percent red, no new prices will be seen and the Trader will not be able to hit anything.



Silo Messages

The Silo heading display provides you with EBS Global Access dealing system messages. Silo messages only are available in the EBS Spot application; none display within My Settings or the Floor Admin applications.

Credit Warning Silo Messages

• A “Credit Warning Limit” message means that credit with a counterparty credit group is approaching the pre-determined limit.

• A “Credit Exhausted” message means that the credit limit with the counterparty credit group is exhausted.

• A “Credit Limit Restored” message indicates that additional credit has been applied to the credit group.

Deal Recovery Silo Message

A “Deal Recovery” message displays when the system is attempting to recover deal status information.

The silo also provides Customer Support, Deal Recovery and other messages for dealers. To view the details of a message, select the message with your mouse.

Signing Off (Logout) 1. Select Logout from the Masthead menu.

While in the EBS Spot application, you cannot sign off if any of your quotes are active.

2. If there are any open quotes in the Spot Trading application, you must click OK on the warning message. If so, then click the Off All Transaction button or click the X button on each active quote in the Transaction Status panel. Select Logout from the Masthead menu again.

Close Open Quotes before Logout



3. Similarly, before stopping the Spot Trading application by closing the active browser session, you must click OK on the browser’s warning message. This will automatically kill all active quotes in the Spot Trading application.

Active Orders message before Closing Browser

EBS Spot – EBS Global Access Trading Application Traders have the option of customizing the interface to suite their dealing requirements.

Clicking the EBS Spot button on the Masthead opens the Trading application. The illustration below describes the four main areas of the trading application. These include the:

• Price panels in the leftmost column

• Quote panels in the top center column

• Transaction Status panels in the lower center column

• Information panels in the rightmost column, including the EBS Rates panel, the Market Data Range panel, the Net Volume Flow panel, the Trader Deals panel, EBS Deals panel and the Net Position panel.

Global Access Trading Screen



Select Currency Pair Displays You may select different enabled pairs from the Change Currency Pair drop-down menu by following the steps below. The procedure is the same for changing the default pairs automatically displayed in the EBS Rates, Market Data Range, or Net Volume Flow panels when you enter the EBS Spot application.

Currency pair may be changed on a Price panel even when there are inactive Quote panels related to the currency pair entered in the market. With an active Quote in the market (or any open active Quote panel related to that currency pair), that currency pair cannot be changed in the Price panel.

Warning message of Active Quote in Market

1. Select the currency pair to change in the upper corner of the chosen Price panel by double clicking on the displayed pair name.

• The Change Currency Pair drop-down menu appears.

Selecting Currency Pairs

2. Scroll down the list to select the desired display currency pair.

3. Double click the pair’s line or click the Change button to select, or Cancel to abandon the change.

“NONE” is a valid selection, leaving the Price panel empty.



Price Panels

The Price panels display to the Trader all currency and trading information. The active Price panel has a yellow background. You can change the active Price panel using the keyboard’s arrow keys, keypad’s arrow keys, or by clicking your mouse on the desired Price panel.

To change the currency pair or add one to a page, double click the currency pair with your mouse. A drop-down list appears to allow selecting another pair.

Various parts of the Price panel are indicated in the illustration below.

Price Panel Components

Some of the available information displayed includes:

• Select CCY pair

• Sell Reg Button – Displays best dealable bid for a pre-determined amount. The quantity set by ICAP that indicates to Traders the common size of the transaction when dealing with that particular currency pair.

• Sell Order panel button – Displays the best dealable Bid available to the Trader, as determined by pre-screened credit.

• Buy Order panel button – Displays the best dealable Offer available to the Trader, as determined by pre-screened credit.



• Buy Reg Order panel button – Displays best dealable offer for a pre-determined amount.

• Offer Order panel button – Opens a Quote Request panel for entering Bids and/or Offers and their associated quantities.

• Bid Order panel button – Opens a Quote Request panel for entering Bids and/or Offers and their associated quantities.

• Small Size Indicator – The quantity of all offers in the market that are less than Regular size, as determined by pre-screened credit.

• Local Trader ID and Price display – Indicates a Quote as originating from a local floor and Trader.

• Value Date – The settlement date associated with today’s trading for the currency pair. This is the date the money will exchange hands on paper.

• Big Figure – The most significant digits in the price of a currency, excluding the “Pips.”

• EBS Best Price – Signifies the single best price in the EBS Spot market for a given currency pair, regardless of credit.

• “Red” price display – Indicates an off-market order.

• “White” price– Represents a price that is from a Trader’s own floor. A Trader may deal with another Trader on their floor only if the floor is configured for Intra Floor dealing (IFD).

• “Yellow” price – Denotes a dealable price that may be hit at any time.

Panel Re-Ordering Price/Order/Transaction Panels:

Customers must click on either the empty space between the Big Figures in the center of the price panel or just above the Best Dealable Amount (when in pip view) in order to drag and drop to a new position.

Moving EUR/JPY onto USD/JPY

Cumulative Depth at Top of Book Traders have the option to view depth of book views for tenths pairs with Exact Amount View (current) or Cumulative Amount View (new) at EBS Dealable Best (Level 1) and EBS Dealable Best +/- 1 (Level 2).



A depth of book indicator is in the price panel to remind the trader they have selected the Cumulative Amount View.

Price Panel Views Two new market views have been introduced – Amount View and Spread View. These views provide more visibility into the inventory available in the EBS Order Book and provide traders with the ability to adjust views to suit dynamic market conditions. A persistent dropdown menu, accessed by clicking on the top right dropdown arrow on each EBS Spot price panel allows customers to switch between Spread Views and Amount Views. These parameters will vary depending on the pair displayed. This gives traders the flexibility to determine, by currency pair, which view best suits their ‘real time’ trading needs.

Below is an example of the Spread View and the Amount View.

Traders also have the ability to adjust views by using ‘spinners’ to the price panel. The ‘spinners’ will allow customers to quickly view different inventory levels and will appear when the trader places the mouse over any of the price panels. The amounts that display via the ‘spinner’ mirror the same ICAP defined parameters that are made via the dropdown menu. If



a trader ‘tweaks’ the view via the spinner, that parameter/option will not be saved, only views selected through the dropdown will be persisted.

Full Price View The new Full Price View will provide customers with a merged display of the Big Figure and Pips. Traders can choose between the current Pip View and the new Full Price View directly via the dropdown menu available in each price panel.

When enabled, the new Full Price View will display the exact inventory amount at the best dealable bid/offer and display the trader’s choice of an Amount View in the outside price display

Full Price View

Alerts Setup accessed directly via price panels and is available for all pairs. The symbol for an Alert is a ‘Bell’. Upon clicking on the Alert symbol you will see the following:

• 2 Alert Triggers

– New EBS Dealable Best in Market

– My Deal gets done

• 2 Alert Types:

– Play Sound

– Bring To Front

Alerts are located in the Price Panel



Order and Transaction Panels

The Quote (or Order) panels and Transaction panels display together in the center column of the Spot Trading application, with Quote panels in the uppermost position. The Quote panel allows the Trader to enter trading information for any type of quote (Bid and Offer orders, and Buy or Sell requests). The active Quote panel has a red outline.

A new Order panel opens in the uppermost position of the Quote area, moving other open Quote panels down (a scroll bar appears when more Quote panels are open than screen space allows). You can change the active Order panel by clicking your mouse on the desired panel. Enlarging one of these panel areas, by dragging the divider bar between them up or down, causes the other area to decrease in screen size.

When a deal is initiated by clicking the BUY/SELL/BID/OFFER button, a new Quote panel appears at the top of the Quote panels stack. When the SEND button is pressed, a new Transaction panel appears in the Transaction panel area at the top of the stack.

In the Transaction panels’ area, information on the submitted quotes’ status displays. If too many panels to display in the area are open, a scroll bar appears to allow review of every panel. Panels may be collapsed and expanded to condense the space needed to display multiple panels. Clicking the Collapse button compresses the panel; and clicking the Detail button expands the status detail visible.

Order/Transaction Panels



Use the X button in the right top corner to close a Transaction panel and remove it from the market. Using the Off All Transactions button immediately interrupts and terminates all outstanding quotes. Use the Clear All Transactions button to remove all closed Transaction panels.

Bids and Offers To open a Bid, Offer, Buy, Sell, Buy Reg or Sell Reg Quote panel, click on the appropriate area of the active Price panel.

1. Highlight the Price panel of the currency pair in which you wish to deal.

2. To display the Quote panel, select Bid or Offer.

Quote Panel – Bids and Offers

• You can tell the active Order panel by its red outline.

3. You can do one of three things:

• Enter a Bid (left entry box), an Offer (right entry box), or both. When entering a two-sided price, you cannot submit a Bid equal to or greater than your Offer.

• Enter a Bid greater than the dealable Offer or an Offer less than the dealable Bid if the “Bid > Dealable Offer” option is selected in the My Settings > Trader Profile screen.

• Adjust the trade size, if desired.

4. Select SEND.

• The Quote Transaction Status panel appears. If a two-sided quote was submitted, then two panels appear (one Bid and one Offer).

• Bids and Offers appear in a green Transaction Status panel. Buy and Sell requests appear in a blue Transaction Status panel.



Multiple Quote Transaction Status Panels – Bids and Offers

• You can scroll through the deals that appear in the Transaction Status panel’s list box as the Quote is matched.

Thumbtack Orders Thumbtacking provides traders with the ability to designate specific active Orders to remain in a Transaction panel space, with “Off All” protection from the keypad. This allows a trader to leave active Orders that are close to the market, in the market, if the Off All key is pressed on the keypad. A new static thumbtack icon displays on each Quote Transaction panel’s lower right corner. By clicking on this new thumbtack icon with your mouse, the Order remains active. Traders may thumbtack partially filled orders.

Note: All Bid/Buy and Offer/Sell Transaction panels generated as a result of “Work The Balance” settings do not display the thumbtack checkbox on the Price panel and therefore

cannot be a thumbtack Order.

Thumbtack Order

KEYPAD SHORTCUT

<Shift + Off All> “Super Off All” – removes all quotes and thumbtacked orders.

Quote Input Panel Mouse Scroll Behavior Another easy way to change the Big Figure, Pip Value or Trade Size fields is by using the mouse scroll wheel. Traders have the ability to increase and/or decrease the field amounts within the Bid/Offer and Buy/Sell Transaction panels by rolling the scroll wheel (forward = increment value; backward = decrement value):

• “Big Figure” field displays increments/decrements by one with each mouse scroll click.



• Bid/Offer or Buy/Sell displayed in “Pip Value” field increment/decrement using the currency pair’s price convention (e.g. AUD/USD by tenth pips).

• The “Amount” field increments/decrements by one trade size unit.

Hitting Send submits the Quote, or click the “X” to cancel.

Interrupting a Quote You can interrupt your Quote(s) at any time prior to receiving a “Pending” message for each part that has been matched. Interrupt a Quote by:

• Selecting “X” (off button) in the right top corner.

• Selecting Off All Transactions removes all outstanding Bids and Offers in all currency pairs.

The Transaction Status panel displays the status as “Interrupted.”

Detail Bid Transaction Panel – Deal Interrupted for seven

Transaction Status Panels The Transaction Status panel provides you with information on the status of your Quotes and Orders once submitted into the EBS market.

Transaction Status Panel – Partial Trade Complete

Bids and Offers appear in a green Transaction Status panel. Buy and Sell requests appear in a blue Transaction Status panel.

When the price is outside the top of book, it displays in yellow text (i.e., a “Yellow Quote”). When a price is close to the top of book and about to be dealt on, it displays with white text.



“Yellow” Quote (top) and “White” Quote (bottom) Transaction Status Panel

Transaction List Box Included in the Transaction List panel is an indication of the progress of the Order, “BUY/SELL x of y @ z” indicates whether a BUY or SELL occurred, where x is the total done, y is the requested amount and z is the rate paid or the average paid (for multiple deals of an Order). The final line below the list of deals in the Transaction List box indicates the status of the Order. Status indicators include ‘Available’, ‘Done’, ‘Interrupted’, ‘Cancelled’, and ‘Missed”.

Transaction Panels with List boxes

Transaction Panel – Deal Completed This is confirmation that your Order has completed, with some details of that Order. A weighted average may display if a transaction is concluded for deals at multiple prices. To view the Ticket Details, double-click the deal line on the Trader Deals panel with your mouse.



Transaction Panel (Collapsed) – Deal Completed

Weighted Average Indicator When an Order is matched and done (fully or partially completed) by two or more Deals, and the Deal prices have a difference greater than one pip, a weighted average price indication displays in the bottom of the Transaction status panel, as shown in the red box.

Weighted Average Price Display

The panel conveys details about the size obtained, the size requested, and additional information.

• Deal Status – the deal status of either “Interrupted” or “Done.”

• Original Order Type – the original quote type (Bid/Offer or Sell/Buy); the final deal may change the order type and status, dependant on your Work The Balance setting.

• Original Order Price – appears in parentheses next to the Deal ID.

• Better Price * (asterisk) –in the black list box, after the quantity and price, an asterisk indicates a better price for a done Order.

Better Price Indicator *

When an Order finished for a price better than that entered by the Trader, the Transaction panel list box displays the price and quantity details, plus an asterisk (*) to indicate the better price. The illustration (‘Weighted Average Price Display’) above has the better price indicator circled in the red.



Sell/Buy Orders Creating a Sell or Buy Order is as simple as clicking on the proper button on the Price panel. The illustration below labels each area that will create a certain type of Quote panel when clicked.

Price Panel Buy, Sell, Bid and Offer Buttons

1. Highlight the Price panel of the desired currency pair to deal by clicking anywhere inside it to make it the active Price panel (i.e., the Price panel is highlighted in a red box when active).

2. Select BUY or SELL button (i.e., the displayed price) with your mouse. The Sell or Buy Request Quote panel appears.

The active Quote Panel opens and is outlined in red.

Quote Panel – Sell/Buy Orders

The Quote panel populates with the price available at the time you opened the panel.

If desired, you can adjust the trade size and/or the pips (and Big Figure) in order to “Buy Up To” or “Sell Down To.”

Sell Reg Button

Sell Button

Buy Reg Button

Buy Button

Bid Button

Offer Button



The number of available Price panels limits the number of Buy or Sell requests for multiple currency pairs.

The “Work The Balance Default” determines whether the WTB status is “Never,” “Always” or “Partial.” By single clicking on the WTB text, the method alternates through the three options.

Work the Balance Options

3. Select SEND.

The Sell or Buy Transaction Status panel appears. The panel provides information on submitted Orders as they go through the matching process.

Bid/Offer (green) and Sell/Buy (blue) Transaction Status (Partially Completed Trade)

You cannot cancel your Sell or Buy Order once submitted.

For each completed deal, the following information displays in the Trader Deals panel:

• Time

• Action (Buy/Sell)

• Amount



• Price

• Counterparty

• Currency Pair

Trader Deals Panel

Indicative Rates Indicative, non-dealable rates will now display in the trader’s Price Panel when there is no price in the EBS market for a given currency pair. This functionality provides traders with an indication of where the market may be at a given time when there are no active prices to display.

The Indicative Rates will display in a dark blue font with a grey background in Full Price View only. Autofill does not apply to indicative rates. The Order Input Panel will auto populate with the Normal Trade Size (Best) but will never populate the price field with an Indicative Rate. The trader may enter a price below/at/above an Indicative Rate. No Indicative Rates will appear for any traders once a price is active in the EBS market



Information Panel Customization Traders can customize the information panels to show only those they find useful ‘at the time’ and will be persisted upon the change. The ‘Edit Info Panel..’ button has been added to the taskbar at the bottom of the Information Panel column, which will display a dialogue box allowing traders to check/uncheck which panels they wish to view. Default is all panels ENABLED, in the current default order.

Information Panels

Each panel conveys detailed information the Trader may use to watch market activity and keep track of his book. The different Information panels are described in greater detail below.

Information panels display a scroll bar. Pulling the divider between two Information panels resizes the panels’ vertically on screen and allows more information to display, if applicable.

Resize Bar

EBS Rates Panel Select EBS Rates to show a panel that displays EBS Best prices in your selected currency pairs. You may display up to 10 currency pairs in the panel.

To change the pair displayed, click on the currency pair and then select another pair from the drop-down list. “None” is an option.

Traders can scroll through all pairs listed in the EBS Rates Panel and resize the panel when interested in viewing more pairs. Note: When a rate is updated, it will flash with a black background and white text for 7 seconds to alert the trader of the update.



Advanced Order Type

Fix Orders Fix Orders introduces electronic execution trading for multiple daily fixes. It provides manual bank traders with the capability to match off-setting interest.

Orders are matched ‘off screen’ as Fix Orders are submitted.

• Once matched, the trade is locked, counterparties disclosed to each other only. No Fix Order or Match information is disclosed to the market. Orders may be matched in Full or Partial.

• The rate will be applied to the ticket once the independent fix has been published.

Fix Rates are independently-sourced, transparent, reliable and auditable that reflects the entire market at specific fixing times across major time zones.

At trade close the unmatched balances are canceled.

Fix Order will appear in the drop down menu in the Quote Panel if the trader’s floor is a Bank Trading floor.

Selecting an Order Type There are two options to select an order type:

1. Via the keypad, hit ‘MENU’ to display the dropdown

• Hit order type # on the keypad or; 2. Using the mouse, click on the down arrow to display the dropdown and click on order type

or Hit order type # from keyboard/keypad

Note: If Fix Orders is selected and multiple fixes are available, focus will go to the ‘Select Fix’ drop down.



Net Traded Amount Position Net Traded Amount position, which is the netted amount traded in a specific fix and a specific pair, displays on the Fix Order Panel. For traders who enter both sides in a particular pair, this feature easily allows them to know if they are net short or net long without being required to scroll. Additionally, there is a dropdown list containing each active fix and Currency Pair to check Net Position for a particular pair in a particular fix time.

‘Amend Down’ Amend down’ is now available on GA for Fix Orders only. Traders can reduce the order amount in a Fix Order Panel and resend or cancel the amendment.

Steps to amend down:

1. Click the order amount in the Fix Order Panel – the amount to be modified, a Re-send button and Cancel button will display (focus will be on the amount field)

2. Traders can reduce the amount and resend or cancel the amendment

3. Both the ‘Total Amount’ and any ‘Matched Amount’ is visible to the trader

4. To re-send an amended order, use mouse/GA Keypad, or Keyboard by tabbing to ‘Resend’ and hit ‘Enter’ key.



Super Off All A new ‘Super Off All’ button has been added. Clicking this button will pull all active orders (incl. Fix Orders) from the market that are not thumbtacked.

Within the Fix Order Panel: a ‘Clear All’ and ‘Off All’ pertains only to Fix Orders.

• Off All interrupts the unmatched portion of all orders • Clear All removes all completed deals in the Fix Order Panel when the panel is in

focus. Any cancelled Fix Orders will also be removed.



Errors and Warnings for Fix Orders At ‘Trade Close Warning, approx. 3.5 mins prior to the fix close the panel and clock will flash and remain yellow. This 2 minute warning alerts the trader the fix is nearing.

At Trade Close, approx. 1.5 mins prior to the fix close, the panel and clock will flash and change to Red. No more orders may be submitted.

At Trade Close, deal lines are displayed and all CP’s are listed individually

Fix Rate is added to the deal lines when published

Guidelines for Fix Orders • If the currency pair is included in the Current Fix Offering, the Fix provider and time will be

displayed in the dropdown.

• If the currency pair is not included in the Fix Offering, there will be no fix provider or time displayed.

• For the next order in the same currency pair, the Order Request panel reverts to the last non-fix order type.

• If Bid is selected, the initial focus is on the Buy amount. If Offer is selected, the initial focus is on the Sell amount.

• Traders may enter orders in multiple currency pairs.

• Traders may have an active buy order and active sell order in the same pair at the same time.

• The maximum amount that can be entered for an order is 999, the minimum amount that can be entered is the minimum trade size governed by current IEB parameters, i.e. 1m.

• Fix Orders will be included in the trader Deal Log.

• Fix Orders will not be included in EBS Deals and Overview Panels.

• Fix Orders will be included in Trader Deals after the Fix has been published.

EBS Market Data Customers have the ability to view additional market data on EBS Global Access via the Market Data Ranges panel and the Net Volume Flow panel. Enabled via the 'Edit Info Panels...' menu, customers have the option of enabling/disabling the display of this information at any time, with the last change persisted.



Market Data Ranges Panel The Market Data Ranges panel displays a market data feed to the workstation, allowing customers to see the current day’s data, as well as previous day’s data all with a timestamp and an option to print. This panel toggles back and forth between Current Day and Previous Day by clicking on the applicable link. The default pair displayed upon enabling will be the pair displayed in the 1st price panel.

Range Panel – Regional Market Data View The Regional Market Data panel displays the latest market rates for a single currency pair across all regions. From the Range panel, Traders may open the Regional Market Data screen by clicking on the Regions key. The latest market rates display by five regions for the selected currency pair via a separate pop-up window. The regions are New York, London, Tokyo, Hong Kong and Sydney, and include data from the present and previous day’s trading. This consists of the market absolute low and high rates, and the market low and highs, plus the opening rates, today’s closing rate, and yesterday’s closing rates for each region.

If there is no value for a specific field, a hyphen (-) displays for that field. Use the print button to send the data to the local Ticket printer. Hitting quit closes the Regional Market Data window and returns you to the Range panel.

To change the pair displayed, click on the currency pair name and then select another pair from the drop-down list. Or tab to the currency pair and press the list key on the keypad. Select a pair from the display list. The latest Market Data rate is calculated at the local time in each region

Customers can also access Regional Market Data by clicking on the ‘Regions…’ link within the panel. To change CCY pairs, click on the current pair displayed and a dropdown menu will appear.



Net Volume Flow The Net Volume Flow is a cumulative figure for the current trading day and is updated in 1/2 hour intervals. View the Net Volume Flows for all currency pairs on the system via the Net Volume Flow panel. It provides the net volume traded of the base currency per individual currency pair and is calculated by subtracting the aggregated aggressive 'SELL' volume from the aggregated aggressive 'BUY' volume of the base currency. The net volume may be either positive or negative. The data includes automatch deals, but does not include Intrafloor deals.

Traders may also view the market absolute high, absolute low, open and close data by each region.

Use the Rates panel’s drop-down menu to select the “Rates with NVF menu” view. While the Rates panel can display rate information for 10 pairs, after choosing the Net Volume Flow view, only five pairs display, those in the left-most column of the Rates panel. The additional NVF information displays directly across the row from the normal rate spread. If there is no NVF information available, “N/A” appears until it can be populated. The total Net Volume Flow is a cumulative figure for the current trading day will initially be updated in 3 hour intervals. Reset occurs at 5pm NY time.

The NVF display includes the Net Volume Flow with a directional plus or minus sign, a timestamp, and the previous day’s Net Volume Flow, which is the aggregated value for the volume done to date. Upon receipt of update values, the system determines the market’s direction. When the NVF values change, the currency pair and the NVF value are highlighted in the same manner as the EBS Rates panel.



The Net Volume Flow (NVF) for EBS Spot currencies, NDFs and Metals are specified as follows:

FX and NDF Pairs: “Millions of Units of base currency”

XAU & XAG: “Thousands of Ounces base currency”

XPT & XPD: “Hundreds of Ounces base currency”

Trader Deals The Trader Deals panel records all of your EBS Global Access deals for the current trading day. The most recent deal appears at the bottom of the list. Taker deals appear in red, while Maker deals appear in black. Only today’s (GMT) deals display.

Trader Deals Panel

A maximum of 2,000 deals can display In the Trader Deals panel, all of which are from the current day’s trading. You can scroll through any of these deals and print them individually. Upon doing the 2,001st deal, the oldest deal is removed from the Trader Deals panel, replaced by latest deal. To view the details for a deal, point and double click your mouse on the desired deal line.



Ticket Details

Trader Deals (Dynamic Transaction Summary or DTS) The Trader Deals panel provides an optional Dynamic Transaction Summary (DTS), which enables you to track your dealing positions in a selected EBS pair over time, continually updating as you trade. The summary field appears as a single line of information in the Title area of the Trader Deals panel. Deals included in the DTS summary appear with a yellow background. Hit the Dynamic Summary keyboard key or double mouse click the Trader Deals panel heading to open the DTS Summary view. This option also is available from the Main menu.

The Trader Deals summary field on the top of the panel provides the following information (from left to right):

• Summary start time (hh:mm)

• +/– (buy/sell) indicator for your position’s net amount for all deals includes in the summary

• Average rate for all deals in the summary or profit/loss when the position is flat, calculated as a basic weighted average of all buy and sell deals

• EBS Currency Pair being summarized

• Number of deals in the summary

• An asterisks (*) to the right of the currency pair in the Trader Deals detail list indicates the “anchor” or first deal for the summary



Dynamic Summary Request Panel

EBS Deals Select EBS Deals to show a panel in trader specified currency pairs. The deals reflect trade activity throughout the entire EBS Spot market. The EBS Deals panel displays information representing the lowest given/highest paid amount in each pair within an ICAP specified period (currently 500 milliseconds).

EBS Deals Panel

Net Position “Reset” will clear the position of all currency pairs and only deals completed subsequent to the “Reset” button having been pressed will be included in the Summary. At any time, traders may press the “Today” button which will restore the Net Position Summary panel for all pairs and once again include all deals done since the previous log-in.



Net Position View (resizable window) Net Position displays by Trader for each currency pair based on the trades a trader has done between a logon and logoff session, avoiding the GMT issue (issue is the GMT may reset while trading day in session and/or w/s may lose connection)

The information to display for each traded pair shall include – currency pair, #Makes, #Takes, buy volume, sell volume, net position & aggregate rate.

Using the deals the trader has done starting at log on for that trading day; the system keeps a dynamic running position for each currency pair. I.E. buy 10 usd/jpy; sell 40 usd/jpy; buy 20 usd/jpy – running total after third deal is short 10 usd/jpy

Access to the current traders’ net position for all traded pairs shall be via the dropdown menu on the Trader Deals Panel.

Net Position Display (EBS Rates Panel)

VIEWS SECTION

Select Trading Views… To access these views, Click Select Trading View in the upper left corner of the EBS Global Access screen.



Standard Trading View:

Compact Trading View:



Double Column Price Panel View:

Classic 6 Price Panel View (min 1280x1024 resolution):

Classic 11 Price Panel View (min 1024x1280 resolution):



ADDENDUM

Quote Input Panels – Errors & Warnings A number of error and warning messages in the Buy/Sell Request and Quote Input panels require you to check the price or amount. Some messages display upon input, others when the transaction is submitted. Dealers should pay close attention to them. The major warnings are:

• Large Difference

Large Difference Warning Message

• Check Rate

Check Rate Message

• Wide Spread



Wide Spread Warning Message

• Check Big Fig

• Bid > Dealable Offer

Bid Greater than Dealable Offer Message

• Price Matches Own Order

Price Match Own Order Message

• Price Matches Local Bid

Price Matches Local Bid Message

EBS Smalls on Global Access Traders can deal in small and odd amounts by selecting new EBS Smalls Pairs in the Price Panel. EBS Small Pairs are in lowercase and will display with a green background in the Price Panel. Traders will be able to view the following in the EBS Smalls Price Panels:

• Prices in halves of pips

• Amounts in small and odd sizes (in increments of 100K)

• Depth of book views (Spread and Amount based)



EBS Smalls Order Panel Amount Entry

Contact Information Document Version: EBS Global Access rel 3.2 Document Date: 14 October 2011

EBS Dealing Resources, Inc.

Technology & Operations One Upper Pond Road Building F, 3rd Floor Parsippany, New Jersey, USA 07054 Tel. (973) 257-6600

EBS Dealing Resources, Inc. is a Delaware corporation and is a member of the ICAP group of companies.

Copyright © ICAP plc. 2011. All rights reserved. All information contained herein is for informational purposes only and is the intellectual property of ICAP plc and/or one of its group companies (“ICAP”). Redistribution is prohibited. ICAP does not accept any liability for any loss or damage, howsoever caused, arising from any errors, omissions or reliance on any information contained in this material. ICAP®,

BrokerTec®, EBS®, and ICAP, BrokerTec and EBS logos are trademarks of ICAP. All rights reserved.

ICAP Electronic Broking Ltd, ICAP Securities Ltd and ICAP Securities USA LLC – London branch are re-authorized and regulated by the Financial Services Authority. ICAP Electronic Broking Ltd and ICAP Securities Ltd are members of the London Stock Exchange. For further information, please see www.icap.com.

For Customer Support - Email: [email protected]

EBS Customer Support numbers

Country Freephone Direct Country Freephone Direct

Argentina 0800 444 1588 +44 (0)20 7050 7151 Latvia 8000 4118 +44 (0)20 7050 7217

Australia 1800351905 +44 (0)20 7050 7152 Liechtenstein 800809417 +44 (0)20 7029 9371

Austria 0800 677 093 +44 (0)20 7050 7153 Luxembourg 800207493 +44 (0)20 7050 7218

Bahrain 800375 +44 (0)20 7029 9346 Malaysia 1800 815 616 +44 (0)20 7050 7219

Barbados 18005340082 +44 (0)20 7029 9347 Mexico 001 8775098093 +44 (0)20 7050 7220

Belgium 0800 40428 +44 (0)20 7050 7154 Netherlands 0800 0227 624 +44 (0)20 7050 7221

Bermuda 18006230166 +44 (0)20 7029 9349 New Zealand 0800 444105 +44 (0)20 7050 7222

Brazil 0800 762 1053 +44 (0)20 7050 7155 Norway 800 17175 +44 (0)20 7050 7223

Canada 1866 480 2659 +44 (0)20 7050 7156 Panama 18886608293 +44 (0)20 7029 9379 Cayman Islands 1 8662795446 +44 (0)20 7029 9352 Peru 0800 54783 +44 (0)20 7050 7224

Chile 1 23 0 020 0856 +44 (0)20 7050 7158 Philippines 1800 1114 2373 +44 (0)20 7050 7225

China 10 800 712 3208 +44 (0)20 7050 7159 Poland 00800 121 4225 +44 (0)20 7050 7226

Colombia 01800 9 157536 +44 (0)20 7050 7160 Portugal 800 8 55602 +44 (0)20 7050 7227

Cyprus 8009 7328 +44 (0)20 7050 7161 Russia 8 1080020305011 +44 (0)20 7050 7228 Czech Republic 800 143 856 +44 (0)20 7050 7162 Singapore 8001205972 +44 (0)20 7050 7229

Denmark 80887492 +44 (0)20 7050 7163 Slovakia 0800 002138 +44 (0)20 7050 7230

http://www.icap.com/

mailto:[email protected]



EBS Customer Support numbers

Country Freephone Direct Country Freephone Direct

Dubai 80004417457 +44 (0)20 7029 9359 Slovenia 80080144 +44 (0)20 7029 9338

Finland 0800 9 15153 +44 (0)20 7050 7164 South Africa 800991174 +44 (0)20 7029 9386

France 0805 111 239 +44 (0)20 7050 7165 South Korea 00798 14 800 8330 +44 (0)20 7050 7231

Germany 0800 589 3624 +44 (0)20 7050 7166 Spain 800 600 685 +44 (0)20 7050 7232

Greece 00800 128 691 +44 (0)20 7050 7167 Sweden 0200 883 764 +44 (0)20 7050 7233

Hong Kong 800 962854 +44 (0)20 7050 7168 Switzerland (D) 0800 000 002 +44 (0)20 7050 7234

Hungary 06 80019578 +44 (0)20 7050 7169 Switzerland (F) 0800 047 047 +44 (0)20 7050 7235

Iceland 800 9956 +44 (0)20 7050 7210 Switzerland (I) 0800 041 041 +44 (0)20 7050 7236

India 000800 440 1815 +44 (0)20 7029 9335 Taiwan 00 801444125 +44 (0)20 7029 9393

Indonesia 007803 011 0452 +44 (0)20 7050 7212 Thailand 001800 12 066 7070 +44 (0)20 7050 7237

Ireland 1800 937 914 +44 (0)20 7050 7213 Turkey 80044942788 +44 (0)20 7029 9395

Israel 1809213118 +44 (0)20 7050 7214 United Kingdom 0800 012 8011 +44 (0)20 7050 7238

Italy 800 146 084 +44 (0)20 7050 7215 Uruguay 000 413 598 4174 +44 (0)20 7050 7239

Japan 00531 1 22527 +44 (0)20 7050 7216 USA 001 8772780643 +44 (0)20 7050 7150

Venezuela 80015802 +44 (0) 7029 9399

Confidential and proprietary information. Copyright 2011 ICAP PLC.