“FX Futures Trading at DGCX”Samir Shah, Chief Business Officer

Initiatives

Regulated

Clearing house

About DGCX

DCCC

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DGCX

Growth

Volume

Products

Members

Region’s 1st and largest derivatives exchange

Volume is up 120% Y-O-YCAGR (6 years): 58%

252 members and 64 clearing members

Metals, Energy & Currencies12.2 Million Contracts, valued at US$ 560 billion

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The DGCX Advantage

Low transaction fee structure

Liquid markets and tight spreads

Unique Indian Rupee Futures

Ideal location and trading hours

Key economic indicators on one Exchange

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The Global FX MarketThe Global FX Market

Volatility increased

20% growth on 2007 volumes

US $4 trillion is the daily turnover

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Are we competitive?6

US¢ 0.01 – 0.02, LOCAL

US¢ 0.01 – 0.02, CME

US¢ 0.01 – 0.03, DGCX

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Are we competitive?7

US¢ 0.01 – 0.02, LOCAL

US¢ 0.01 – 0.02, CME

US¢ 0.01 – 0.03, DGCX

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DGCX communityDGCX community8

retailretailretailretail

banksbanksbanksbanks

commercial institutionscommercial institutionscommercial institutionscommercial institutions

funds and asset Managersfunds and asset Managersfunds and asset Managersfunds and asset Managers

HNWIHNWIHNWIHNWI

private investorsprivate investorsprivate investorsprivate investors

retailretailretailretail

banksbanksbanksbanks

commercial institutionscommercial institutionscommercial institutionscommercial institutions

funds and asset Managersfunds and asset Managersfunds and asset Managersfunds and asset Managers

HNWIHNWIHNWIHNWI

private investorsprivate investorsprivate investorsprivate investors

DGCX FX - perfect hedgeDGCX FX - perfect hedge9

The FX FuturesThe FX Futures

Growth in FX trading

Counterparty & operational

risk

Volatility

DGCX has seen 203% growth in currency futures volume year to date

DGCX FX

Futures

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DGCX Indian Rupee Futures Non Deliverable Forward

Reduced Counterparty Risk. DCCC offers settlement guarantee fund and zero defaults

Trades are transacted bi-laterally with higher default risk

One DGCX contract (DINR): R 2 million (approx. US $45k)

Minimum contract size: US $100k

US $1 million = 23 lots (contracts) on DGCX @ US $45k notional value per contract

US $1 million notional value

•Typical spread on DINR after 5pm IST: 1 DGCX pips which is equivalent to 0.75 paisa•For notional value US $1 million (23 contracts), the total entry and exit costs are: US $460

•Typical spread in NDF market after 5pm IST: 4 to 6 paisa mark up and mark down which equates to total 8 paisa•For notional value US $1 million, the approx. total entry and exit costs are: US $1,739

On DGCX, the margin is c. 2% In the NDF market, the margin is c. 5%

DGCX Indian Rupee Futures are available to trade electronically

The NDF market is predominantly traded over the phone via a broker

DGCX vs. NDF marketDGCX vs. NDF market - - ExampleExample

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DGCX & Emerging MarketsDGCX & Emerging Markets1212

Dubai Commodity Clearing Dubai Commodity Clearing Corporation Corporation

Real-time position

monitoring

Zero defaults

since inception

Settlement Guarantee

Fund

DGCX futures contracts are cleared via DCCC, removing counterparty credit risk

DCCC

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DGCX Market

BrokerBroker

DirectDGCXDirectDGCX

DirectISV

DirectISV

Market AccessMarket Access

DGCXPricesDGCXPrices

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Broker Membership

Introducing

Membership StructureMembership Structure

Membership

TradingMembership

Broker

DGCX membership is open to corporations or partnerships Members typically located in the UAE; can be located outside from some

jurisdictions

DGCX membership is open to corporations or partnerships Members typically located in the UAE; can be located outside from some

jurisdictions

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