Delivering Global Markets FEAS General Assembly 4 November 2006 Atos Euronext Market Solutions 1 AEMS International Capability Atos Euronext Market Solutions 2 Atos Euronext Market Solutions – A Global Partner Premier European IT Services Provider Leading Global Exchange • Atos Euronext Market Solutions (AEMS) was created in July 2005 to apply the IT experience within Euronext to a global customer base • We have around 1,200 staff and operate from five offices around the world: – – – – – London Paris Brussels Amsterdam Chicago • Current turnover is in excess of €340 million • AEMS solutions are located in around 16 different countries throughout the world • Our shareholders are financially secure and recognised as global leaders in their own industries 50:50 ownership Atos Origin and Euronext Atos Euronext Market Solutions 3 Our Shareholders - Euronext Atos Euronext Market Solutions 4 Our Shareholders - ATOS Origin • Atos Origin is an international information technology services company with an annual revenue in 2005 of over €5 billion • Atos Origin employs over 46,000 people in 40 countries • Atos Origin provides consulting, systems Integration and managed operations to multinational clients in specifically targeted market segments – – – – – – – Telecom Financial Services Public Sector Manufacturing Retail and Consumer Products Oil & Gas Utilities and Transport Atos Euronext Market Solutions 5 Understanding AEMS Products Atos Euronext Market Solutions 6 Products in a Client Centric Context Exchanges, Clearing Houses, Banks and Intermediaries Trading Business Unit Clearing Business Unit Capital Markets Business Unit Global Managed Services Global Sales Corporate Atos Euronext Market Solutions 7 AEMS Product Portfolio by Business Unit Capital Markets BU Trading BU • LIFFE CONNECT® • NSC® • • PAM Clearing BU Aramis • Clearing 21 • Sara • TRS-CPS • Syn~ • FID Instruments • Invest-Deal • OMSTP • Investiciel • Syn~ We provide an end-to-end service from market design through to hosting and operations Atos Euronext Market Solutions 8 LIFFE CONNECT® • Since 2001 we have offered our LIFFE CONNECT® software and our managed services to markets outside the Euronext group • In 2003 we developed a LIFFE CONNECT® turnkey solution for TIFFE (now the Tokyo Financial Exchange) • In 2004 we launched a fully managed trading technology and distribution service for the Chicago Board of Trade - implementing the solution in 11 months • We have since added three other American Exchanges to our US platform Minneapolis, Winnipeg and Kansas City • LIFFE CONNECT® has also been used for Single Stock Futures and Equity internalization markets • These projects show how LIFFE CONNECT® can be applied to different markets, asset classes and regulatory regimes Atos Euronext Market Solutions 9 NSC® • NSC® has the functional breadth to support many types of markets – – – – – – – Euronext Paris: Equities Toronto Stock Exchange: Equities Bovespa: Equities and Equity Option BM&F: Futures on Commodities & financial products Chicago Mercantile Exchange: Futures Boston Options Exchange: Options on Equities Bursa Malaysia: Futures and Options • NSC® is supported by a team of 70 analysts, developers and testers based in Paris • All NSC® clients are standardizing on 2 versions – – • V800 series for NSK nonstop V900 series for Linux Key focus is on price-performance improvements – We are actively working with our clients to ensure a migration strategy with minimum interruptions to market participants Atos Euronext Market Solutions 10 NSC® Architecture FIX Applications Trader/Broker Applications PAM Traders Surveillance Systems FIX MMTP CAP CAP PAM Server FIX 4.4 or MMTP Regulatory Systems Access Control TCS Trade Reporter Static Data (out) Ø Ø Ø PFI Index Calculator NSC® Trading Engine Statistic Billing etc Oracle DB Trading SPI ECO Clearing & Settlement RCE Oracle DB Reference & Configuration Data M&C Product & Participant Management Market Control Settlement & Price Calculation Atos Euronext Market Solutions 11 PAM • A fully featured trading workstation for viewing the market, entering and managing orders • Provides customisable functions for – – – – – – – – Point and trade, basket orders and cross trading Position monitoring, P&L reporting and order history audit Market watch alerts and tickers Strategy trading Delegation Monitoring and Surveillance Sales desk integration Analysis and charting • Designed by traders to achieve the highest standards of ergonomic efficiency • Available as a full application or as a web-delivered thin client Atos Euronext Market Solutions 12 Aramis • Aramis helps surveillance teams detect – – – – Market or price manipulation Insider trading Front running Fraudulent or deceitful conduct • Continuous collection of data with configurable triggers provides real-time alerting • Predefined and configurable reports reduce investigation time • Used by Euronext and eight other organisations around the world, including – – – – – – Banking, Finance and Insurance Commission Belgium Bolsa de Valores de Estado de Sao Paulo Bursa Malaysia Comissao de Mercado de Valores Mobilarios, Portugal Dubai International Financial Exchange Muscat Securities Market Atos Euronext Market Solutions 13 Other AEMS Products Capital Markets • FID – Multi-source collection, checking and rationalisation of market data • InvestDeal – Integrated portfolio management of high net-worth individuals • OMSTP – Order management for Banks and Brokerages (using Swift, FIX etc) • Investiciel – End-to-end order consolidation and routing solution for Brokers Clearing & Settlement • Clearing 21 – Clearing and settlement for cash and derivatives on a single platform • TRS/CPS – Combined post-trade management and clearing for derivatives • Sara – Integrated transaction management for central securities depositories • Syn~ – Fast deployment of complex systems using a proven financial rules engine Atos Euronext Market Solutions 14 Syn~ Defined in Metadata Defined in Java Proven Financial Rules Engine Syn~ Application Entities, Lifecycles, Rules Industry Components Syn~ Engine • Graphical application development • Analysts configure new and inherited objects and define their life-cycles • Code is generated from graphical analysis screens • Increases productivity and reduces time to market • Provides low-risk deployment of complex applications – – – – Order management Middle office processing Reference data management Clearing and settlement Atos Euronext Market Solutions 15 Product Expansion Roadmap Brokers & Institutional Hedge Funds Exchange Regulatory Aramis NSC® Retail Syn~ Reference data Asset Management FID Reference data Invest Deal Exchange Products Clearing C21 TRS/CPS Clearing GMS Sara Capital Markets Referential Data & Reporting Front Office / Pre- Trade LIFFE CONNECT® Trading CSD Private Banking OMS EMS / Portfolio Mgt. Smart Router Exchange Connectivity Internalisation Middle Office Syn~ Settlements Investiciel Settlement Custody Network, Hosting, Operations Atos Euronext Market Solutions 16 Who are our customers? Atos Euronext Market Solutions 17 AEMS – A Global Service Provider for Capital Markets Montréal Casablanca Toronto BVM Tunis Euronext.liffe ICE Futures LCH.Clearnet Euronext Warsaw Stock Exchange Beirut Stock Exchange Amman Stock Exchange Tehran Stock Exchange Winnipeg BOX BSX Minneapolis CME CBOT Kansas City Board of Trade BM&F Bovespa TSX DIFX Muscat Securities Market Kuala Lumpur Bursa Malaysia Other Business Units • Clearing: 2 clients • Capital Markets: 26 clients Atos Euronext Market Solutions 18 A Partnership with AEMS • Taking advantage of the growing trend in global trading means finding a global technology partner • AEMS gives you access to a global organisation that is already known and trusted by more than 1,000 banks, brokers and trading houses around the word • Our mutualised investment programme gives you an assured roadmap for trading and distribution capacity in the future • Our track record with Euronext, Euronext.liffe, CBOT but also Amman Stock Exchange & Muscat Stock Market demonstrates capabilities and our dedication to client service • We can help you deliver the your markets to new traders quickly, reliably and costefficiently Atos Euronext Market Solutions 19 This document is proprietary to AEMS and the information contained herein is confidential. Without AEMS's prior written permission, this document, either in whole or in part, must not be reproduced in any form or by any means or disclosed to others or used for purposes other than its evaluation in this presentation . It may not be disclosed to any third party even for the purposes of evaluation, except as expressly authorized by AEMS in each case. Where we have mentioned our Clients by name we stipulate that no contact be made with any such Client without our prior written approval in each case. AEMS has alliance relationships with third party product and services vendors. As part of many such relationships, AEMS is able to resell certain products and services and/or may receive compensation from vendors in the form of fees or other benefits in connection with the marketing, technical and other assistance provided by AEMS. By receiving this presentation you acknowledges that such relationships may be beneficial to AEMS and assist in its performance of the Project. Any comments on, or opinions stated in this document regarding the functional and technical capabilities of any software or other products proposed or referred to in this document, whether or not expressed as being those of AEMS, are based on the information provided by the product vendors to AEMS or provided by you and, while AEMS does not have reason to believe that this information is in any way inaccurate or incomplete, responsibility for its accuracy and completeness does not rest with AEMS. Whilst care and attention has been exercised in the preparation of this document, it remains subject to contract and all warranties whether express or implied by statute, law or otherwise are hereby disclaimed and excluded. These limitations are not intended to restrict continuing business discussions between you and AEMS. Atos Euronext Market Solutions 20