Singapore FIX Briefing 2011

IFIS is a leading IT provider of Asian Financial Capital Market solutions in Asia, offering products and services in the areas of real-time data dissemination, enterprise application integration and electronic trading, order routing and FIX service bureau services.

Today, Financial Information Exchange (FIX) applications are at the heart of Securities Trading operations for many financial organisations in Asia. As a Member of the FIX Protocol Organisation, IFIS brings to market globally acknowledged FIX solutions to address a wide array of trading challenges.

IFIS provides specialism, flexibility and cost competitiveness to each client, each of whom is regarded as a partner. Clients benefit from a pragmatic approach, the highest standards of care and access to the full range of services via a single point of contact. IFIS continually strives to introduce state-of-the-art solutions and services to meet client requirements. It is our aim to be the Capital Market's preferred key partner for a growing number of clients and partners across Asia.

CameronTec is the financial industry's leading provider of Financial Information eXchange (FIX) infrastructure and connectivity solutions. Its market innovation Catalys takes FIX further and is the industry reference for FIX ecosystems. Developed specifically to address the cross-functional needs of sell and buy side firms, exchanges and ISVs, Catalys is a highly adaptive, integrated FIX infrastructure.

Catalys is based on the industry's most widely installed FIX engine, CameronFIX. CameronFIX is universally regarded as the reference standard for reliable, mature FIX engine applications. It is the outcome of 14 years continuous investment in performance, scalability, interoperability and robustness. CameronFIX is today used by boutique to larger investment firms, brokerage houses, exchanges and regulators in 25 countries, on all five continents.

CameronTec is an Orc Group company and an active Premier Member of the FIX Protocol organization.

www.camerontec.com

A division of NYSE Euronext (NY X), NYSE Technologies provides connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for trading services.

NYSE Technologies offers a diverse array of products, services and solutions for: institutional investors, including order routing, liquidity discovery and access to a community of broker-dealers and execution destinations; broker-dealers and systematic traders, including high performance, end-to-end messaging software and innovative market data products delivered on a leading financial transaction network; and market operators, including multi-asset exchange platform services, managed services and consultancy.

With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world’s financial institutions and exchanges.

For more information, visit: www.nyse.com/technologies or contact nyse-technologies-sales@nyx.com

The HSBC Group is one of the largest banking and financial services organisations in the world, with well established businesses in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. HSBC provides a comprehensive range of financial services to around 95 million customers through four customer groups and global businesses: Retail Banking and Wealth Management; Commercial Banking; Global Banking and Markets; and Global Private Banking.

HSBC is a major user of advanced information technology, with an annual spending of US$5.9 billion. Its e-business channels include the internet, PC banking and telephone banking. HSBC maintains its own private telecommunications network – one of the world’s largest – to deliver IT services to customers and to staff around the world.

HSBC’s Global Banking and Markets is an emerging markets-led and financing-focused business that provides tailored financial solutions to major government, corporate and institutional clients worldwide. With offices in more than 60 countries and territories, Global Banking and Markets offers clients geographic reach and deep local knowledge.

In HSBC's Global Markets, the FIX Protocol has been implemented across the four primary asset classes: Equities; Futures; FX; and Fixed Income. HSBC's cross asset FIX implementation helps customers enjoy the benefits of having a single cost effective connection to HSBC Global Markets enabling them to trade a comprehensive mix of products across a large 102 execution destination footprint.

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. We combine our wealth management, investment banking and asset management businesses with our Swiss operations to deliver superior financial solutions and manage CHF 2.2 trillion in invested assets. Headquartered in Zurich and Basel, Switzerland, UBS has offices in more than 50 countries, including all major financial centers, and employs approximately 65,000 people. Under Swiss company law, UBS is organized as an Aktiengesellschaft, a corporation that has issued shares of common stock to investors. UBS AG is the parent company of the UBS Group (Group). The operational structure of the Group comprises the Corporate Center and four business divisions: Wealth Management & Swiss Bank, Wealth Management Americas, Global Asset Management and the Investment Bank.

The Investment Bank provides securities and other financial products and research in equities, fixed income, rates, foreign exchange and precious metals. It also provides advisory services and access to the world's capital markets for corporate and institutional clients, governments, financial intermediaries and alternative asset managers and private investors.

www.ubs.com/investmentbank

Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 26,000 staff worldwide. Nomura’s unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, wholesale (global markets, investment banking, and other wholesale), and asset management. For further information about Nomura, please visit www.nomura.com.

Nomura's Electronic Trading Services benefit from the long standing experience, intelligence and technology of the Nomura Group. Renowned for providing clients with a robust, low latency and highly scalable platform, the fully integrated product suite combines DMA and strategy execution via the ModelEx suite. The suite is supplemented with advanced pre, intra and post trade analytical tools such as ModelEx™ Monitor and TradeSpex™, and provide clients with a full service solution to their low touch execution needs. All execution channels are underpinned by next generation smart order routing logic, providing access to multiple sources of available liquidity with an intelligent placement approach. Client execution experience is further enriched via access to Nomura's NX dark pool.

ITG is a specialist agency broker and technology firm dedicated to improving trading and cost efficiency. Combining technological expertise with in-depth trading knowledge, ITG offers institutional investors across the world a complete set of innovative tools to minimise transaction costs and improve the performance of their trading desk.

ITG has a unique approach covering the full trading cycle. Buyside traders can rely on the firm’s experienced sales trading desk, or trade themselves using ITG’s EMS technology and algorithms. All services are integrated with the firm’s world-leading pre- and post-trade analytical tools to reduce risk and deliver transparent results.

Established in 1987, ITG is headquartered in New York and has offices in North America and Europe. Across the Asia Pacific region, ITG has a presence in Hong Kong, Singapore, Sydney and Melbourne. For more information please contact ITG on +852 2846 3567 or visit www.itg.com.

Local Insight and a Global Network of Information, People and Ideas

Bloomberg was founded in 1981 with one core mission: to bring transparency to capital markets through access to information. Today’s Bloomberg – totaling more than 13,000 employees in hundreds of locations and countries around the globe – builds on that foundation. Everything we do connects decision makers in business, finance and government to a broad and dynamic network of global and local information, news, people and ideas that enables faster, more effective decisions.

Our products are fueled by five core offerings – data and analytics, news, technology, customer service, and research. Bloomberg is information, in its purest definition. The insights that our customers derive from our services clarify positions, impact decisions and move markets. Our competitive edge comes from working with our customers for over 30 years to understand their workflow, find new solutions, and then introduce improvements into our products. As a result, more than 340,000 of the world’s leading players in the global and financial markets rely on Bloomberg for the best information possible to run their business.

Fueling growth on client satisfaction, 100% independent with no tie to any broker or financial institution, ULLINK is a leading provider of comprehensive low-latency connectivity and trading solutions. ULLINK enables buy and sell side financial institutions to build comprehensive trading environments across asset classes (Equities, Futures and Options, Fixed Income, Forex). Users simply plug their existing applications to the UL BRIDGE connectivity platform, select their destinations and start trading.

ULLINK provides low-latency DMA to over 50 major international markets, and a comprehensive OMS with care order management, exception management, algorithmic trading, risk management, and business monitoring across the globe. These flexible solutions are available as enterprise solutions (hosted and managed by the customer) or as a fully-managed services (where ULLINK handles everything).

ULLINK employs over 220 dedicated professionals with offices in New-York, São Paulo, London, Paris, Hong Kong, Tokyo, Sydney, and growing. ULLINK supports customers worldwide, around the clock. Our proven capacity to deliver reliable software and exceptional services has earned us the trust of hundreds of clients, including many of the world’s largest financial institutions.

For more information, please contact sales@ullink.com.

BNP Paribas (www.bnpparibas.com) is one of the strongest banks in the world*. The Group has a presence in more than 80 countries with more than 200,000 employees. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In its Corporate & Investment Banking, BNP Paribas enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia. (*Rated AA by Standard & Poor's i.e. 3rd rating level on a scale of 22.)

Global Equities and Commodity Derivatives is the business line within Corporate & Investment Banking arm of the group which combines the complementary activities of Structured Equity, Flow & Financing and Commodity Derivatives. Structured Equity and Flow & Financing offer a full range of innovative equity, index and fund-linked products. In addition, they offer a comprehensive range of research and execution services in Asian equity products and their derivatives. Commodity Derivatives offers a full range of price risk management solutions.

BNP Paribas Electronic & Algorithmic Trading Services (BEATS) offers a complete suite of powerful and intelligent electronic trading strategies. This customizable trading platform gives an access to additional liquidity (BIX – BNP Paribas Internal eXchange) and allows clients to execute transactions with ease and confidence.

About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 74 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

About Autobahn
Autobahn Equity is Deutsche Bank’s algorithmic trading platform, providing you with access to execution solutions in markets worldwide. The platform combines award-winning algorithms with our direct market access (DMA) offering for smarter liquidity.

About SuperX
SuperX intelligently seeks dark liquidity while offering a sophisticated level of order protection for smarter execution. It is dark trading made intelligent, bringing you global access to the best pools of liquidity.  The algorithm provides access to deep, diverse liquidity without advertising your size or intent to the market, minimizing the risk of information leakage.

For more information on Deutsche Bank’s suite of electronic trading applications, please contact your Deutsche Bank regional representative:

Contact details:
US:                   +1 212 250 3988
                        +1 800 553 1226
Europe:             +44 20 7547 2587
Asia:                 +852 2203 6028
Japan:              +813 5156 6642
Australia:          +612 8258 2862

www.db.com

With access to one of the largest liquidity pools in Global Equities (including #1 market share on Euronext), Société Générale Corporate & Investment Banking's Global Execution Services team offers global coverage across 65 markets, comprehensive liquidity solutions, advanced algorithms and an integrated execution product, which includes all equities & ETFs.

At the core of Société Générale’s universal banking business model, the Corporate & Investment Bank is a well-diversified and leading player with nearly 11, 000 professionals present in 33 countries across Europe, the Americas and Asia-Pacific. Standing by its clients across sectors, the Corporate & Investment Bank tailors solutions for them by capitalising on its worldwide expertise in investment banking, global finance, and global markets.

For Corporates, Financial Institutions and public sector: providing a global advisory approach (M&A, debt, equity transaction, capital structure, and asset & liability management), as well as quality capital raising solutions across the debt and equity spectrum, optimised financing and expert risk management responses notably in the realm of foreign exchange and rates derivatives.

For investors: offering reliable and sound investment opportunities and risk management solutions through its integrated global markets platform delivering seamless access to markets (equity, rates, credit, currencies, commodities and derivatives), as well as advice and solid financial engineering, quality of execution and forward-looking research across asset classes.

www.sgcib.com

Citi Electronic Execution

The right choice will get you there.
When it comes to choosing electronic execution solutions, you need a global provider that can manage all of your trading needs. You want premium execution tools, unique liquidity and innovative technology that meet the challenges of today's complex global markets. Citi Electronic Execution will get you there.

Citi

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brands include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.

BT is one of the world’s leading providers of networked IT services for financial service. For 10 years, the BT Radianz Managed Infrastructure has been the leading connectivity service for financial firms. Supporting 15,000 financial customer locations, the BT Radianz platform provides access to 400 of the world’s leading financial content and service providers including exchanges, banks, broker-dealers, central counterparties, and central securities depositories.

The fully-managed BT Radianz service consolidates all of a firm’s connectivity onto a single connection, ensuring secure, reliable access to trading partners and services. BT Radianz connectivity is fully-redundant, diversely routed to the customer site, and carries 100% availability SLA.

The BT Radianz platform network supports thousand of organizations internationally that use the FIX Protocol. BT Radianz Ultra Access provides low-latency connectivity with sub-millisecond round-trip delays to select execution venues. BT Radianz Proximity Solution combines connectivity with fully-managed hosting facilities. The BT Managed Secure Messaging ensures secure, reliable, tamper-proof and non-repudiable message delivery.

BT also provides the ITS Voice Trading Platform used by more than 70,000 traders at 800 firms and exchanges in 51 countries. One of every three traders around the world uses a BT trading turret.

BT is a Premier Member of FPL.

TradingScreen is the leading independent provider of electronic trading solutions to the Buy Side. The company offers a suite of execution management and connectivity solutions encompassing all asset classes across global markets. TradingScreen’s goal is to simplify the complexity caused by market fragmentation and the proliferation of asset class and broker specific trading tools, by consolidating execution management of both exchange traded and OTC instruments on a single platform.

TradingScreen brings the major global sell side participants and leading regional brokers to a common environment. The benefit to clients is an exceptional reach across counterparties, products, geography and services ranging from execution to algorithmic trading services, prime brokerage and clearing. This functionality is delivered through a proven and reliable ASP install-and-support model. TradingScreen provides global coverage from offices in New York, Chicago, London, Paris, Geneva, São Paulo, Hong Kong, Singapore, Sydney and Tokyo. For further information about TradingScreen visit www.tradingscreen.com.

Daiwa Securities Capital Markets Co. Ltd. (renamed from Daiwa Securities SMBC Co. Ltd. effective on January 1st, 2010) has built up an impressive track record since its formation in April 1999 in Japan. We are resolved to taking the leadership position in the market, thereby serving the needs of clients, both at home and abroad. Since its foundation, Daiwa has been engaged in a broad range of investment banking operations involved in capital raising, IPOs, Merger & Acquisitions and principal finance amongst others, while expanding conventional sales and trading operations.

Daiwa Securities Electronic Trading - DSET provides clients with a state-of-the-art execution platform that connects traders directly to global equities and derivatives markets. Daiwa has leveraged on its historical strengths in equity trading to provide clients with DART (Daiwa Algorithmic Trading) and access to liquidity that helps in generating trading alpha by reducing market impact & trading costs. Clients can access the DSET suite of tools through their own proprietary systems or third-party systems.

Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with approximately 5,800 retail banking offices and approximately 18,000 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Copyright 2011 Bank of America Corporation. All rights reserved. Bank of America, Merrill Lynch, Broadcort and their logos are trademarks of Bank of America Corporation and/or its affiliates.

www.bankofamerica.com

Asia Pacific houses four of our six global trading hubs. We service corporations and financial institutions in 11 countries – Australia, China, Hong Kong, India, Japan, Singapore, Indonesia, Korea, Malaysia, Taiwan and Thailand. In wholesale banking markets, we are a top five player in the region.

RBS’s network of 4,000 GBM professionals in the region continuously exchanges intelligence. The GBM business in Asia Pacific plays a vital role in providing regional and global clients, especially those in the US and Europe, with Asian execution capabilities.

Committed to our clients. The world over

We put our clients’ requirements first. Our committed experts take your objectives and develop solutions, often highly tailored, by drawing on our broad variety of products and services.

We have the products for you

Clients’ requirements are often very specific. We have a broad variety of financing and risk management products at our fingertips. Our deep product expertise means we often tailor multi-product solutions or develop specific products for clients based on their exacting needs.

We deliver for you

We have a reputation for delivery. Our dedicated product specialists work to generate solutions of the highest standard for our clients. Our renowned access to global distribution networks means you can rely on us to get transactions done efficiently.

About SunGard

SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical.

About SunGard Solutions for Global Trading

SunGard provides equities, futures and options traders with multi-asset, front-to-back trading and risk management solutions on 130+ markets worldwide. SunGard’s Valdi supports front-office businesses with market data, integrated trade and order management systems, advanced and smart execution services, and risk management. SunGard's global trading solutions can be delivered as enterprise software or as hosted services (SaaS). They help buy- and sell-side firms achieve increased performance, low latency and execution across multiple platforms, instruments and geographies.

www.sungard.com/globaltrading

Contact us: info.globaltrading@sungard.com

As one of the world's leading banks, Credit Suisse provides its clients with private banking, investment banking and asset management services worldwide. In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 57 locations across 30 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage services. Further information about Credit Suisse can be found at www.credit-suisse.com.

Advanced Execution Services® (AES) is Credit Suisse's award-winning suite of algorithmic trading strategies, tools, and analytics for global trading across equities, options, futures and foreign exchange. With AES’s tools, traders can improve performance versus benchmarks, work orders on multiple liquidity pools, and add consistency to the trading process. The AES team is dedicated to a philosophy of constant improvement and innovation. AES continues to evolve as new trends develop in the marketplace and as our research teams discover more effective trading techniques. This is why AES has been recognized consistently as the leader in algorithmic trading. For more information please contact AES® Trading Desk +852 2101 6443 / (toll free) +800 222 2334.

Chi-East is Asia's first pan-Asian non-displayed liquidity aggregator for the sell side, trading selected Singapore, Hong Kong, Japanese and Australian securities. It provides clients with a range of best execution options, including anonymous trading, mid-point pricing and cost-efficient clearing and settlement processes.

A joint-venture between Chi-X Global and Singapore Stock Exchange (SGX), Chi-East offers investors with a winning combination of expertise, technology, transparency and neutrality to lower market impact and reduce trading costs. As the world's first pan-Asian trading venue, Chi-East offers a new stream of liquidity for over 2000 listed securities and ETF's across the Asia-Pacific, trading at the same hours as their respective markets. Investors can now aggregate their trades across the region in one venue, simplifying their clearing and settlement processes.

Chi-East is powered by trading technology from Chi-Tech, a separately-operated services unit of Chi-X Global. Non-Singapore and Hong Kong securities will be cleared and settled through LCH.Clearnet, Chi-East’s pan-Asian clearing facility.

Barclays Capital is the investment banking division of Barclays Bank PLC.  With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs.  Barclays Capital has offices around the world, employs 25,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.

For further information about Barclays Capital, please visit our website www.barclayscapital.com.