Market Maker
Cockpit:Take Control ofYour Pricing

360T | Market Maker Cockpit

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Take Control of Your Pricing
As a liquidity provider, you need to be in control of your pricing. You want to be able to define yourprice based on customer relationships and current risk positions at different market conditions
and all this on a currency pair level. A professional and flexible pricing engine is key to this andallows you to run a profitable dealing business. 360T operates an advanced, dynamic pricing
engine solution for you to manage and control your individual needs.

What is the ‘Market Maker Cockpit’?
The Market Maker Cockpit (MMC) delivers two critically important aspects of trading: pricemaking and client flow risk management. The MMC includes functionality to define outboundprices based on rates streamed inbound from your liquidity provider(s). Outbound prices canbe adjusted to include trader spreads skewing etc. Before being passed downstream, further
adjustments to these prices, for instance to reflect sales or customer spreads, can be managedby using the Central Distribution Control (CDC) module, which, together with the MMC,completes the sales and trading price formation which is then delivered to your client across avariety of 3rd party channels. Limit, compliance and admin modules as well as a trader GUI andliquidity sourcing round out this SaaS-compliant solution.

360T | Market Maker Cockpit

3Pricing Engine Suite Overview
With the Market Maker Cockpit, 360T offers you the full breadth of automated risk management
and pre-set actions to manage subsequent positions created by your customer flows.
Position overviews and profit and loss calculation enhance the overview. Currency pairs areactively managed; pairs can be defined for currency stripping and rates can be pegged forspecific currencies. The MMC is underlined with an audit log to comply with latest regulatory
requirements.

Multi-Bank
Portal TEX

Selected 3rd Party
VenuesSelected
International Banks

360T Market Data

Liquidity Hub
MMC
Price Creation

ADS
Auto-Hedge orManage Risk

OrderManagement

Credit/Limit
Check and STP

Price Management
Manual Dealer
Intervention
Limit Order Book
Risk Position
Counterparty Limit
Admin
Deal Blotter

Electronic Trading

Distribution

360T TEX
RFS / SST / FXS

3rd Party Multi
Bank Customers

White Label ClientEntities

White Label
Branches

Taker API Bank
Operations

360T | Market Maker Cockpit

4Modular
To recap, the Market Maker Cockpit includes a number of functionalities for you:

Overview
Provides lists of definedcurrency pairs, views for
inbound and outboundprices as well as blottersto show your position,orders and deals.

Pricing Controller
Enables the creation ofdifferent core prices foreach defined currency
pair and adjustmentswith spreads and/orskewing.

Risk Management
Defines risk
parameters for eachcurrency pair andposition as well as
management rules
based on set triggers
and alerts.

Reference Price
Finding
Enables the selectionof price provider(s)and fully customisable
pricing tiers, etc.

Cross Rate
Management
Creates your own crossrates and manages theprice and risk of thecross rate legs.

Pricing Options
The MMC offers sophisticated tools through various strategies and parameters to derive atrusted reference price or inbound price out of a pool of available liquidity providers. With respect
to outbound pricing, rules can be set to automatically skew prices in a direction that will makeyour open position attractive to clients. For pegged currencies, the MMC also offers an option toconfigure fixed prices for various pricing tiers.

Risk Management
Automated risk management is an integrated part of the MMC. You can monitor positions and P/Lin real-time via the MMC GUI position blotter. The MMC caters a wide variety of risk management
options, three of which are:Back-to-back: the safest and generally risk free way to manage client orders by hedging.
Flow hedging: a solution to manage client orders without rejections.
Managed positions: the sophisticated option with fully automated risk management.

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Automated Risk Management
The integrated risk management rules engine allows you to setup an arbitrary number of rulesthat automatically adjust prices, positions and hedging. Rules can also be used to automaticallyadjust your open positions, e.g. by reducing them to a certain size or closing the position, andthese rules can be triggered on various conditions such as position size, open or total P/L, andmore.

Cross Rate Management
Use the MMC to construct and manage your own cross rates for FX currency pairs and preciousmetals. Cross rate client trades will be split into two legs, which allows you to manage risk foreach leg separately.

How Can You Benefit from it?
Regardless of whether you are a bank providing dealing rates to your clients or a Corporate with
the intention to centralise FX flow from your subsidiaries, the MMC will help you to manage andcontrol prices and positions.

Keeping an Overview
Various blotters keep the user informed in real-time about incoming client orders, outgoing hedgeorders, trades, and positions. A sophisticated pricing monitor allows you to keep an overview of theinbound/outbound spread and skew across multiple instruments and pricing channels.

Safety360T is compliant with all requirements from the German Federal Financial Supervisory
Authority (BaFin) towards algorithmic trading which addresses:
High availability and emergency procedures
Risk management and controlling
System monitoring, documentation and audit
Security, system stability and accountability

360T | Market Maker Cockpit

Saving Time
Launched from a single sign-on applet, the MMC requires only minimal user configuration tostart. An initial setup to manage a few currency pairs can be done within a few minutes, and you
are ready to go!

Getting the Most out of it
Fully leverage your bank basket and available liquidity to provide competitive prices to yourclients and maximise your position.

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360T | Market Maker Cockpit

The Global FX Marketplace
360T is far more than an award-winning multi-bank, multi-asset trading platform for OTC andlisted financial instruments. As Deutsche Börse Group’s global FX unit, the company offers
services across the entire trading workflow of FX and short-term Money Market asset classes
to satisfy the needs of Corporate Treasurers, Institutional Asset Managers and Hedge Funds
as well as Banks. Beyond optimising execution, 360T allows clients to directly reduce theiroperational costs and risks in all parts of the trading life cycle while enhancing compliance andtransparency at the same time.

7Please do not hesitate to contact your local account manager for more information orcontact us at info@360t.com . www.360T.com

EuropeFrankfurt
Tel: +49 69 900 289 0Americas
New York
Tel: +1 212 776 2900

Asia PacificSingapore
Tel: +65 6597 1770

© 360 Treasury Systems AG. All Rights Reserved 2020.

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Tel: +971 4 458 7440

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MumbaiTel: +91 22 4077 1437