1/5 Vontobel Trading Venues The enclosed list shows the most important trading venues that are taken into consideration in order to achieve the best possible execution for the client. The list is not complete. The "Bank" can use other, not listed, trading venues in those instances where either an advantage for the "Client" is clearly indicated, or no disadvantage is perceived. The "Bank" can also delete a trading venue from the list at any time. Where an advantage for the "Client" can be expected, or no disadvantage is anticipated, the "Bank" can act as principal in a transaction. In order to achieve the best possible execution, where an internal transaction takes place, all available on-, and off-exchange quotes are consolidated. On those trading venues where the "Bank" is a member, orders are usually executed by the "Bank", acting as agent. Depending on the prevailing market situation and/or the "Client's" instructions, orders can be placed through the broker network. In non-member markets, the "Bank" does not have the possibility to transact orders itself and in those instances the broker network will always be used. Page 1 of 5
2/5 Equities Europe Aquis Exchange BATS Europe BATS Europe Dark CBOE Periodic Auction Books Borsa Italiana Börse Berlin Börse Düsseldorf Börse Hamburg Börse Hannover Börse München Börse Stuttgart BX Berne Exchange Chi-X Europe Chi-X Europe Dark Euronext Amsterdam Stock Exchange Euronext Brussels Stock Exchange Euronext Lisbon Stock Exchange Euronext Paris Stock Exchange Irish Stock Exchange Istanbul Stock Exchange London Stock Exchange Luxembourg Madrid Stock Exchange Nasdaq OMX Nordics Copenhagen Nasdaq OMX Nordics Copenhagen Dark Nasdaq OMX Nordics Helsinki Nasdaq OMX Nordics Helsinki Dark Nasdaq OMX Nordics Stockholm Nasdaq OMX Nordics Stockholm Dark Nasdaq OMX Nordics Auction On Demand Oslo Stock Exchange SIX Swiss Exchange (XSWX) SIX Swiss Exchange Virt-X (XVTX) SIX Swiss Exchange (Liquidnet/SLS) SIX Swiss Exchange at Midpoint Turquoise Turquoise Dark Turquoise Lit Auctions Wiener Börse Page 2 of 5
3/5 Xetra Xetra Frankfurt Central & Eastern Europe Abu Dhabi Exchange Amman Stock Exchange Bratislava Stock Exchange Bucharest Stock Exchange Budapest Stock Exchange Bulgarian Stock Exchange Moscow Exchange OMX Riga Exchange OMX Tallinn Exchange OMX Vilnius Exchange Prague Stock Exchange Russian Trading System Stock Exchange Tel Aviv Stock Exchange Ukranian Stock Exchange Warsaw Stock Exchange Zagreb Stock Exchange North & Latin America Bolsa de Valores de Lima Mexican Stock Exchange NASDAQ New York Stock Exchange Sao Paolo Stock Exchange Toronto Stock Exchange TSX Venture Exchange Asia & Africa Australian Securities Exchange Bursa Malaysia Hong Kong Stock Exchange Jakarta Stock Exchange Johannesburg Stock Exchange Korea Stock Exchange New Zealand Stock Exchange Osaka Securities Exchange Philippine Stock Exchange Stock Exchange of Singapore Stock Exchange of Thailand Tokyo Stock Exchange Page 3 of 5
4/5 Bonds Interdealer Broker Market NASDAQ SIX Swiss Exchange Xetra Frankfurt Warrants SIX Structured Products Zertifikate Börse Frankfurt equates to equity markets if listed other market makers / issuers Futures & Options American Stock Exchange Australian Securities Exchange Boston Option Exchange Brazilian Mercantile & Futures Exchange CBOE Futures Exchange Chicago Board of Trade Chicago Board Options Exchange Chicago Mercantile Exchange EDX London ENDEX EUREX Euronext Amsterdam Euronext.liffe European Climate Exchange European Energy Exchange Hong Kong Exchanges & Clearing Ltd ICE Futures Intercontinental Exchange International Securities Exchange Italian Derivatives Market Kansas City Board of Trade Korea Exchange London Metal Exchange MEFF Minneapolis Grain Exchange Moscow Interbank Currency Exchange Nasdaq Liffe Markets New York Board of Trade Page 4 of 5
5/5 New York Mercantile Exchange Nordpool NYBOT Coffee, Sugar and Cocoa Exchange NYSE ARCA OMX Nordic Exchange OneChicago Osaka Securities Philadelphia Board of Trade Singapore Exchange Derivatives Trading Sydney Futures Exchange Thailand Futures Exchange Tokyo Financial Exchange Winnipeg Commodities Exchange OTC Products other market makers / issuers Page 5 of 5