CME Group BMV Electronic Trading Overview

CME Group – BMV Electronic Trading Overview & Customer On-Boarding February 3 rd, 2011

Partnership Overview

Customer Focused Partnership Benefits for Customers, BMV, CME Group Gr Partnership Benefits rs • Leverage CME Group global distribution, risk management expertise e om BMV Group st Cu • Safety of CME Clearing CM E • Access every major derivatives asset class on CME Globex ou p Customers • Leverage CME Group sales, marketing and customer relationships CME Group BMV G roup • Broaden customer access and increase trading volume of CME Group products • Develop relationships with non-US brokers and regulators © 2010 CME Group. All rights reserved 3

Partnership Overview MOU for joint efforts in market development 2 -way Order Routing for Derivatives Long-Term Strategic Partnership Board Level Involvement Equity Investment 1: Excludes Mex. Der customers from Mexico or Latin America; 30% gross revenue share of revenue for direct collocation customers © 2010 CME Group. All rights reserved 4

Order Routing Overview South to North to South U. S. Customer Asigna Direct or Indirect Relationship er x. D ata Me et D rk Ma r de s Or age ss Globex CMEG Translation Me p rou a E G Dat CM rket Ma r de s Or sage s Me CMEG Clearing er x. D ata Me et D rk Ma Mex. Der Translation r de s Or age ss Me p rou a E G Dat CM rket Ma r de s Or sage s Me Direct or Indirect Relationship Mexican Customer Mex. Der Seamless Access to Customers © 2010 CME Group. All rights reserved 5

Electronic Trading Overview: South to North

Order Routing Basics: Mex. Der to CME Group BMV customers will be able to leverage their existing connectivity to Mex. Der to trade CME Group products: • All CME, CBOT, NYMEX and COMEX market data will be available via Mex. Der connectivity • Orders will route “South to North” from the customer’s Mex. Der connection via a high speed international circuit to CME Globex • All CME Group products clear at the CME Clearing House • CME Group Clearing Firm relationship required • Targeted launch early Spring 2011 © 2010 CME Group. All rights reserved 7

Available CME Group products Asset Class Product Name Globex Symbol Agriculture Corn Futures ZC Agriculture Corn Options OZC Energy E-mini Natural Gas Futures QG Energy Light Sweet Crude Oil Futures CL Equity Indexes E-mini Dow ($5) Futures YM Equity Indexes E-mini NASDAQ-100 Futures NQ Equity Indexes E-mini S&P 500 Futures ES Equity Indexes E-mini S&P 500 Options ES FX British Pound Futures 6 B FX E-mini Japanese Yen Futures J 7 FX Euro FX Futures 6 E FX Japanese Yen Futures 6 J FX Mexican Peso Futures 6 M Interest Rates 10 -Year U. S. Treasury Note Futures ZN Interest Rates Eurodollar Futures GE Metals Gold Futures GC Metals Silver Futures SI © 2010 CME Group. All rights reserved 8

South to North Connectivity: Order Routing to CME Group via existing Line to Mex. Der CMEG Mexico Globex Hub 40 Mbps line OR Mex. Der Infrastructure Customer Mex. Der Broker Account with CMEG Clearing Firm required US FCM Lines to Mex. Der Mexico © 2010 CME Group. All rights reserved Globex Credit Controls set by CMEG Clearing Firm U. S. CMEG Globex Match Engine

Customer On-Boarding: South to North

Customers using the Mex. Der provided RTS screen Customers using the Mex. Der provided front end system (RTS screen) will not require any additional certification • Key Business features: bullets listed to be provided by Mex. Der/RTS • How to connect for Order Entry and Market data: Describes how clients will connect to Mex. Der for this option (steps below) Mex. Der - please define/add details Ø New Customer would contact their Mex. Der Clearing member or Mex. Der Trading member and request access to the CME market. Ø Mex. Der Clearing member or Mex. Der Trading member will need to setup a CME clearing member relationship. This relationship can be direct or indirect Ø CME clearing member would work with CME Group and Mex. Der to provide access to the new Mex. Der customer. Ø The Mex. Der clearing member or Mex. Der trading member would provide this information to (BMV contact) so they can setup the account in RTS. The setup would include account number, i. Link session, market data access markets. • Additional information: This section will contain links to additional technical documents that RTS has for screens – Mex. Der please provide • Contacts at Mex. Der: necessary contacts that can be leveraged for any questions-***** © 2010 CME Group. All rights reserved 11

Customers who want access via the FIX API 4. 2 interface Customers who wish to use a non-exchange provided front-end or proprietary systems, Mex. Der requires additional certification in order to ensure they can correctly support CME Group products, Market Data and order routing. • Key business features: bullets provided by Mex. Der/RTS • Certification to Mex. Der API (requirements, steps, etc. ) • Functional impacts (documents and links to appropriate docs) • How clients will connect to Mex. Der for Order Entry and Market Data • Technical specifications • Links to documentation necessary for the APIs • Who to contact at the exchange for assistance (names, numbers, email) • Other topics that will need to be covered? © 2010 CME Group. All rights reserved 12

Customers who want access via the FIX API 4. 4 interface (will this even be available for the event? ) Customers who wish to use a non-exchange provided front-end or proprietary systems, Mex. Der requires additional certification in order to ensure they can correctly support CME Group products, Market Data and order routing. • Key business features: bullets provided by Mex. Der/RTS • Certification to Mex. Der API (requirements, steps, etc. ) • Functional impacts (documents and links to appropriate docs) • How clients will connect to Mex. Der for Order Entry and Market Data • Technical specifications • Links to documentation necessary for the APIs • Who to contact at the exchange for assistance (names, numbers, email) • Other topics that will need to be covered? © 2010 CME Group. All rights reserved 13

Electronic Trading Overview: North to South

Order Routing Basics: CME Group to Mex. Der CME Group customers will be able to leverage their existing connectivity to CME Globex to trade Mex. Der products: • All Mex. Der interest rate and equity index derivatives product market data will be available on the CME Globex platform • Orders will route “North to South” from the customer’s CME Globex connection via a high speed international circuit to Mex. Der’s matching engine • All Mex. Der products clear at Asigna • Asigna Clearing Firm relationship required • Targeted launch in the second half of 2011 © 2010 CME Group. All rights reserved 15

North to South Connectivity: Order Routing to Mex. Der via existing line to CME Globex CMEG Mexico Globex Hub 40 Mbps line OR Lines to Globex Customer CME Globex Infrastructure Asigna Clearing Member CMEG Broker US © 2010 CME Group. All rights reserved Account with Mex. Der Clearing Firm required MEXICO Mex. Der Match Engine

Electronic Trading on CME Globex

CME Globex Hub in Mexico In conjunction with the strategic partnership between CME Group and BMV, CME Group will launch a new telecommunications hub in Mexico City Region targeted for 2011: • Provides new CME Group hub in the Mexico City region • Standard, redundant international hub • Access to all CME Group and Partner Exchange products • Facilitates connectivity and reduces latency to the Globex network for Mexican and Latin American customers © 2010 CME Group. All rights reserved

Product Availability – Mex. Der products ***Please provide a list of the products that

Connection to CME Group Hub in Mexico via Dedicated Lines CMEG Mexico Globex Hub 40 Mbps line t es an lin d r un me d Re usto C Globex Credit Controls set by CMEG Clearing Firm US FCM Customer MEXICO © 2010 CME Group. All rights reserved Account with CMEG Clearing Firm required U. S. CMEG Globex Match Engine

CME Globex Order Routing Messaging New Order Filled New Order Customer OR Order Acknowledgement

CME Globex Order Routing Messaging New Order with Partial Fills New Order (10 contracts) Order Acknowledgement Customer OR Partial Fill (2) Broker Partial Fill (2) Partial Fill (6) © 2010 CME Group. All rights reserved CME Globex Match Engine

CME Globex Order Routing Messaging Order Modification New Order Acknowledgement Customer CME Globex Match Engine OR Order Cancel/Replace (Modification) Broker Cancel/Replace Acknowledgement Fill © 2010 CME Group. All rights reserved

CME Globex Order Routing Messaging Order Modification with Partial Fill New Order Acknowledgement Customer OR Partial Fill Broker Order Cancel/Replace (modification) Cancel/Replace Acknowledgement Fill © 2010 CME Group. All rights reserved CME Globex Match Engine

CME Globex Order Routing Messaging Order Cancellation New Order Customer Order Acknowledgement OR Order Cancel Broker © 2010 CME Group. All rights reserved Order Cancellation Acknowledgement CME Globex Match Engine

CME Group Trade Cancellation Policy If an order execution occurs at a price not representative of the current market, the CME Group Globex registered contact may call the GCC to request to have the trade reviewed • To invoke the policy a Globex registered contact** must call the GCC (Globex Control Center) within eight minutes of the error trade • CME Group Clearing Member firms will call on behalf of customers who are not GCC authorized contacts • In order to cancel or price adjust a trade, the GCC determines if the trade is within the Non-Reviewable Range (if it is, the trade stands) • If a trade is outside the Non-Reviewable Range, the GCC messages all CME Globex registered contacts via Targeted Messaging and the quote vendor network alerting that the trade has been cancelled or adjusted **Only CME Group Clearing Firms may request Globex Control Center registered contact status on behalf of their customers. Please refer any questions to your CME Group Clearing Firm © 2010 CME Group. All rights reserved 26