RUB in the e-OTC market

© EBS 2012 Confidential

September 2013

Darryl Hooker – Global Head of Emerging Markets

RUB in the e-OTC market

© EBS 2012 Confidential An ICAP Group Company

RUB Growth

• 6081% increase in RUB ADV from Oct 2009 to Aug 2013

Avg Number of Counterparties

Average Daily Volume

•1522% increase in the average number of counterparties from Oct 2009 to Jun 2013

© EBS 2012 Confidential An ICAP Group Company

RUB onshore/offshore splitIn June 2011, 49% of RUB volume was done offshore.

In June 2013, 80% of RUB volume was done offshore.

© EBS 2012 Confidential An ICAP Group Company

Market Share ProjectionE-OTC vs Exchange

E-OTC is now 50% of the size of the Exchange in Spot RUB products

© EBS 2012 Confidential An ICAP Group Company

• EBS connects customers in approximately 50 countries globally • Customers trade RUB on EBS in 27 of these countries.

• 60% of bank codes that have entered RUB SSIs have traded RUB

EBS’ global presence

© EBS 2012 Confidential6 An ICAP Group Company

Summary• RUB volumes have increased by 6081% on EBS since 2009.

• In August 2013, 80% of the RUB volume was traded offshore.

• In Spot RUB products, E-OTC is now 50% of the size of the Exchange.

• 40% of bank codes that have entered RUB SSIs haven’t traded RUB.

• RTGS• CLS

EBS expects the market to double and then double again on these tipping points….

© EBS 2012 Confidential

EBS Dealing ResourcesInternational Limited 2 BroadgateLondonEC2M 7UR+44 (0)20 7000 5000www.ebs.com

Company number: 02669861

7

Contact details: darryl.hooker@ebs.com