© Xtrakter 2008 Graeme Austin Director, Product Management 1
© Xtrakter Market utility Working for the benefit of industry Established in 1985 Leading solutions provider ICMA group of companies Wednesday, 30 January
© Xtrakter Market data (Bloomberg, Reuters etc) Operation risk reduction Regulatory reporting (MiFID ARM) Trade matching 600,000 securities database BondMarketPrices.com Wednesday, 30 January
© Xtrakter Fixed income market Impact of the credit crunch on new issuance Operational risk reduction Trade matching Market data sources Wednesday, 30 January
© Xtrakter Wednesday, 30 January USD Billions
© Xtrakter Wednesday, 30 January USD Billions
© Xtrakter Wednesday, 30 January USD Billions Currency2007% EUR5, USD3, GBP1, CHF CAD JPY AUD Other Total11,523
© Xtrakter Market increased in total value to USD 11.5 trillion Overall 9.27% increase on 2006, less then 2005 growth Steady growth over the last 10 years + Rise of the EUR against the USD across the market GBP providing strong third player Wednesday, 30 January
© Xtrakter Wednesday, 30 January USD Millions
© Xtrakter Wednesday, 30 January USD Millions
© Xtrakter Wednesday, 30 January USDm st Q2006 2nd Q2006 3rd Q2006 4th Q2007 1st Q2007 2nd Q2007 3rd Q2007 4th Q EUR433,712359,401332,822430,705506,125443,688218,984310,277 USD252,817250,215250,927266,465263,852260,246164,974224,600 GBP78,73058,66551,84184,68682,31683,17256,75957,452 JPY26,32622,32923,32933,37918,06724,58620,44516,337 CHF22,19416,20211,17718,06516,39513,51411,85612,449 CAD10,34615,2358,37112,41413,86117,95812,20911,940 AUD8,3666,5186,41910,0108,9146,6631,2593,608 Other25,41822,05620,87027,05027,59827,76616,63727,177 Total857,909750,622705,756882,774937,127877,593503,121663,841 USD Millions
© Xtrakter 26.5% (USD billion) drop in new bond issues occurred in the second half of 2007 Q3 figures declined by 28.7% (USD billion) and Q4 figures declined by 24.8% (USD billion) against 2006 Euro preferred currency of issue, capturing 49.6% (USD trillion) against the US Dollar which was chosen for 30.6% (USD billion) of new issues Impact of the credit crunch affected issue of structured debt products (Collateralised Debt Obligations - CDOs) Wednesday, 30 January
© Xtrakter Wednesday, 30 January
© Xtrakter OTC sector: most trades are processed manually Leads to higher operational risk TRAX Matching TRAX Regulatory Reporting Proven solutions since 1989 Wednesday, 30 January
© Xtrakter ICMA price service ICMA-info.org CUPID BondMarketPrices.com Bloomberg Reuters Etc Wednesday, 30 January
© Xtrakter Graeme Austin 7 Limeharbour Director, Product ManagementDocklands London T +44 (0) E14 9NQ F +44 (0) UK E W Wednesday, 30 January