1 Markit BOAT 1 st October 2008

2 Post MiFID – Key Trends  Increased competition among exchanges -14 MTFs planned -5 live: Chi-X, ITG Posit, Liquidnet, NYFIX Euro Millennium, Turquoise  Fragmentation of liquidity -Set to increase with launch of new trading venues  Harmonisation of rules

3 European Equity Volume Market Share 3 Source: Reuters & Markit BOAT

4 Nordic Equity Volume Market Share 4 Source: Reuters & Markit BOAT

5 Markit Company History 5

6 Markit Value Proposition  Data  Distribution  Trade Processing Solutions  Valuations

7 Markit BOAT promoting transparency  MiFID-compliant trade reporting platform  Over 60% of the daily European OTC trading volume and 20-25% of the total volume of European securities traded on- and off-exchange  100% of Markit BOAT MTF data is published real-time  70% of Markit BOAT OTC and Dark Pool data is published real-time  Average monthly coverage of over 4,100 unique stocks

8 Markit addressing industry issues  Working with the industry -FSA MiFID Transparency Working Group -Investment Management Association (UK) -Regulators  Markit BOAT Trade Reporting Principles -Standardise trade reporting practices -Data transparency and consistency -Reduce unnecessary deferred trade publication  Consolidation of trade data  Markit BOAT Viewer

9 Markit BOAT Viewer 9 – insert picture of Viewer trade reports screen – see Mark Hunt

10 Markit BOAT Viewer 10 – insert picture of Viewer trade reports screen – see Mark Hunt

11 Markit BOAT Viewer 11

12 Markit BOAT Viewer 12

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