WFE FOCUS JUNE EXCERPTS Financial Results London Stock Exchange Group Year ended 31 March 2012 results

s - Adjusted profit before tax: GBP 400.6 m, up 35% compared to the previous year - Total revenue: GBP 679.8 m, up 10% - Total income: GBP 814.8 m, up 21% - Operating expenses: GBP 378.8 m, up 12% Inter-market Links CBOE and China Financial Futures Exchange sign MoU The Chicago Board Options Exchange and the China Financial Futures Exchange have signed a Memorandum of Understanding. This agreement includes the sharing of information and resources between the two exchanges, comprising the development of educational programs designed to build understanding of the exchanges respective products, markets, technologies and regulation. The agreement also creates the opportunity for potential future business initiatives, including joint marketing efforts and product development Deutsche Brse and CFFEX sign MoU Deutsche Brse and the China Financial Futures Exchange signed a Memorandum of Understanding by which the parties will start a comprehensive sharing of knowledge and information on business areas and regulatory developments. Further elements include joint training and education initiatives, as well as an employee exchange program and regular visits from each exchanges senior management NYSE Euronext and China Financial Futures Exchange sign MoU NYSE Euronext and the China Financial Futures Exchange signed a Memorandum of Understanding to promote a bilateral partnership to support the development of futures and options markets. The MoU will enable the two exchanges to explore opportunities for information sharing; exchanging and training employees; as well as business cooperation such as joint research into developing strategies for the derivatives market.

IT Abu Dhabi Securities Exchange upgrades its trading platform The Abu Dhabi Securities Exchange has entered into an agreement with the NASDAQ OMX Group to upgrade its trading platform. Under the terms of the agreement, ADX renews its contract with NASDAQ OMX for a further five years and commits to upgrade to a trading platform powered by NASDAQ OMXs X-stream technology. The upgrade is expected to be rolled out at ADX in the second half of 2013. CME

Group launches CME Direct Technology CME Group launched CME Direct, a new technology offering side-byside trading of exchange-listed and OTC markets. It will initially support trading of CME Groups benchmark energy futures markets alongside OTC energy swaps through leading inter-dealer brokers.

Kuwait Stock Exchange launches new trading platform The Kuwait Stock Exchange has rolled out its new trading platform powered by NASDAQ OMXs Xstream technology which will initially support trading of cash equities and forwards, with additional derivatives products and bonds to be added in the next phase. NASDAQ OMX has also provided KSE with index calculation technology and a SMARTS powered surveillance solution. Warsaw Stock Exchange to implement new trading system In November 2012, the Warsaw Stock Exchange will undergo a major technological break-through with the implementation of the new trading system, the Universal Trading Platform (UTP) acquired from NYSE New products CBOE Futures Exchange launches futures on CBOE NASDAQ-100 volatility index On 23 May 2012, CBOE Futures Exchange launched trading on the CBOE NASDAQ-100 volatility index futures contract. It measures the volatility of the NASDAQ-100 Index.

CME Group launches short-dated new crop options on grain and oilseed futures CME Group launched short-dated new crop options on CBOT corn and soybeans futures to begin trading on 4 June 2012. Moreover, the Exchange will also launch short-dated new crop options on CBOT wheat futures which will be listed for trading on 4 September 20112.

IntercontinentalExchange launches new cleared swap on Japan Korea marker IntercontinentalExchange will launch a new liquefied natural gas (LNG) cleared swap contract based on the Platts daily assessment for the Japan/Korea marker. It reflects the daily open-market value of spotLNG delivered to Japan and South Korea on a daily basis. It has since become a benchmark reference in the industry for calculating price differentials for Asia-Pacific supply source and destination markets and is increasingly used in outright contract pricing.

ISE expands weekly options The International Securities Exchange expanded its offering of weekly options to its ISE FX Options product portfolio. The euro/US dollar option was the first cash-settled FX product to list with a weekly expiration. National Stock Exchange of India launches derivatives on FTSE 100 The National Stock Exchange of India launched derivative contracts (futures and options) on FTSE 100, the widely tracked index of the UK equity stock market. This is the first time that futures and options contracts based on a UK equity stock market index have been launched in India.

Thailand Futures Exchange launches USD futures On 5 June 2012, the Thailand Futures Exchange launched USD futures, enabling Thai investors and business operators to manage Thai baht through the derivatives market against the US dollar

Bursa Malaysia Derivatives eases restriction on establishment of branches by futures brokers Bursa Malaysia Derivatives eased restrictions for the setting up of branches and kiosks by futures brokers, paving the way for greater retail participation in the derivatives market. Futures brokers will be allowed to open a combination of up to ten branches and/or kiosks (with a maximum of five branches) per year in the first and second year of operations. There will be no limit to the number of branches and kiosks they can set up from the third year onwards.

CME Group extends CBOT grain and oilseed open outcry trading hours On 25 June 2012, CME Group extended open outcry trading hours for CBOT grain and oilseed futures and options to 14:00 CT, Monday to Friday. New services Deutsche Brse introduces new trading application Deutsche Brses Market Data & Analytics has launched AlphaFlash Trader, a new trading application that delivers drag and drop automated event driven trading to popular execution platforms. The new tool is already available to traders using the X_TRADER Pro platform and will be adapted to other execution platforms in future. It makes use of Deutsche Brses algo news feed AlphaFlash that delivers more than 300 global macroeconomic indicators as well as US and international treasury auction data to algo traders. Egyptian Exchange supports small & medium IT companies The Egyptian Exchange and the Information Technology Industry Development Authority signed a Memorandum of Understanding to support the IT industry companies, particularly those interested in listing on EGXs SMEs market NILEX. The agreement aims to enhance cooperation between both parties to finance small and medium Egyptian enterprises specialized in the telecommunications and information technology industry.

Egyptian Exchange approves listing fees exemption for a 3-month period The Egyptian Exchanges Board approved to exempt companies from initial listing within a period not exceeding three months from 1 July to 30 September 2012. This decision came as part of EGX marketing policy aimed at attracting new companies to list on the stock market.

Johannesburg Stock Exchange reduces fees for currency derivatives In a bid to increase liquidity and boost trading volumes in the fastgrowing currency derivatives market, the Johannesburg Stock Exchange has revised pricing on its suite of currency products. This new billing model includes a revision of the current sliding scale of fees as well as volume rebates for market makers.

Singapore Exchange partners with two institutions to enhance competencies The Singapore Exchange and CFA Singapore entered into a collaboration to enhance the level of investment competencies in Singapore. This collaboration will see SGX Academy and CFAS adopt a twoprong approach: firstly, to enhance the competencies of trading representatives and financial advisers; and secondly, to equip young investors with basic investment knowledge. Singapore Exchange has also partnered with UOB Bullion and Futures to set up a new Professional Traders Development Center to grow and strengthen Singapores talent pool of professional futures traders. Singapore Exchange launches dual currency trading for ETFs On 15 June 2012, Singapore Exchange launched dual currency trading for ETFs, enabling investors to trade foreign-currency denominated ETFs in Singapore dollars. The move will provide investors with trading flexibility in accessing ETFs denominated in a foreign currency.

Regulation IOSCO appoints new Chairman during its annual conference The International Organization of Securities Commissions was held in Beijing in May 2012. The conference focused on the themes of a new financial architecture for the post-crisis era, financial market infrastructures and market integrity, capital markets development in emerging markets, and regulation of commodity futures and financial derivatives. During the annual conference, the Board appointed Mr. Masamichi Kono as Chairman of the new IOSCO Board. Mr. Kono is the Vice Commissioner for International Affairs at the Financial Services Agency of Japan, and has served as Chairman of the IOSCO Technical Committee since 2011.

To enhance the effectiveness of the Organizations, a new governance structure and strategic direction were decided. A transitional IOSCO Board was constituted to incorporate the functions of the Technical Committee, the Executive Committee and the Emerging Markets Committee Advisory Board. The merger streamlines IOSCOs governance structure and decisionmaking process, helping position the Organization for a larger role in shaping the global framework for securities market regulation. The new structure is expected to improve the effectiveness of the IOSCO policy and standard-setting committees, making them more effective and inclusive of members. IOSCOs next annual conference will take place in Luxembourg on 15/19 September 2013.

IOSCO publishes its final report on International Standards for Derivatives Market Intermediary Regulation The International Organization of Securities Commissions has published a report entitled International Standards for Derivatives Market Intermediary Regulation, which recommends high-level international standards for the regulation of market participants that are in the business of dealing, making a market or intermediating transactions in OTC derivatives. Historically these derivatives market intermediaries often have not been subject to the same level of regulation as participants in the traditional securities market. Without sufficient regulation, some derivatives market intermediaries operated in a manner that created risks to the global economy that manifested during the financial crisis of 2008. The report follows on the commitment by G-20 leaders in 2009 to reform the OTC derivatives market in response to the crisis. It takes into account distinctions between the OTC derivatives market and the traditional securities markets, and the differences in jurisdictional approaches of international market authorities.