• Official ETF market maker and Liquidity Provider on European Exchanges: Deutsche Börse, Euronext, Borsa Italiana.• OTC pricing provided for all European-listed ETFs, both via electronic RFQ platforms (Tradeweb, Bloomberg RFQ, ITG RFQ-hub) and traditional Sales force. Asset classes covered: equities, fixed income, currencies, commodities. Specialized on pricing and hedging ETFs tracking Emerging Markets and Asia-Pacific indices.• Authorized Participant with all major European ETF issuers: iShares BlackRock, Lyxor, Xtrackers, Amundi, SSGA SPDR, BNP Paribas Easy, Invesco, UBS, Deka, Comstage, Ossiam, ETFS, Wisdom Tree, Fidelity.• Daily trading of index futures and stock baskets for hedging purposes; spot and forward FX hedging (including NDFs and currency futures). Trading via DMA in all major derivatives exchanges: CME, ICE US, ICE Europe, EUREX, SGX, Osaka, HKFE, BM&F, ASX24, JSE, MFE.• Responsible for implementing and maintaining pricing and hedging strategies. Applications used: ORC Liquidator for pricing and market making; ORC Trader for trading and hedging; Sophis Risque for position keeping and risk control; other in-house applications for currency trading, hedging and risk control.• Focused at optimizing the operational framework and maintaining a smoothly running activity (liaising with Middle and Back Office, IT developers, Trading and Product Support, Repo team for Lending and Borrowing, Compliance).

• Pricing and market making of Certificates and ETFs tracking equity, bond and commodity indices.• Markets covered: Borsa Italiana, Deutsche Börse, Euronext, SIX, LSE.• Market making of index futures: SPMIB and MiniSPMIB on IDEM; DJ Italy Titans30 on EUREX.• First market maker in Europe in terms of number of ETFs quoted (at that time). First market maker in Italy for “Benchmark Certificates” in terms of nominal traded.• In-house creation, implementation and maintenance of indices used as a benchmark for certificates marketed under name “IMINext”. Strategies used: long, short, momentum, contrarian, CPPI, quanto.

• Brokerage and Cash equity trading on behalf of institutional counterparties.• Focused on foreign equity markets.