27/11/2015

1

Introduction

AlphaTrader EnvironmentProfessional leading edge technology to amplify your alpha

More than just a platform, AlphaTrader is an entire trading environment

AlphaTrader: real time trading platform running server side preferably

AlphaTrader Client: thin client to run on local desktop

AlphaMonitoring: support / monitoring server side application

AlphaSearch: backtesting environment (coming soon, S1 2016)

AlphaCharts: new chartist environment (coming soon, Jan 2016)

Alpha API: Develop your own indicators, tactics and strategiesExcel RTD API: Connect your Excel Spreadsheets to AlphaTraderAlpha API Server: Connect your application to AlphaTrader (coming soon)

AlphaTraderProfessional leading edge technology to amplify your alpha

Leverage your manual/fully automated and semi-automated trading

Multi-Connectivity: multi-brokers/multi-accounts

Gather a large scope of market data to help your trading decisions

Control and improve your execution

Lower your Transaction Costs

Run indicators, tactics and strategies

Integrate your own tactics, strategies and indicators into the platform

Monitor your algo trading operations with AlphaTrader Client and Alpha Monitoring.

Risk manager: control your financial and operational risk

Easily get assistance and support/ direct connection with our team to get assistance and support

Ultra-fast executions and Direct Market Access oriented

Lower your transaction costs thanks to innovative execution algorithms.

Transaction Cost Analysis (TCA) providing transparency on all your executions.

Industrial Automated and Algorithmic trading functionalities, including Visual Studio C# for development

Semi-automated built in platform with approval blotter

Trade in position centric (MT5, MC, NT like) and trade centric (MT4 like)

One-click trading on charts and DOM, ideal for manual traders

Fully-configurable and opened to tailor-made add-ons

Multi Clients / Server architecture with AlphaTrader Thin client

FIX connectivity for optimal stability and resilience

platform strengths

AlphaTrader

Average roundtrip latency of 5-10 ms (Gravelines to LMAX). Therefore, 15 to 40 times faster than LMAX MT4 and more than 80-160 times faster than MT4 with a classical broker.

Average slippage of 0.05 pips on 180 trades markets with LMAX whereas 0.46 pips with ECNs involving the same conditions.

Average of 1.1 pip slippage in favor of traders, on limit orders EURSEK. Cf Annex.

Save between 11% and 100% of commissions compared with LMAX MT4. Plus, in some case, possibility of free executions, spread included, due to the internal matching engine.

One click trading, instantaneous execution via charts, order book or scalpers.

Today, algorithms running via AlphaTrader have under management several millions of dollars ( hedge fund/asset management)

In may 2014, 9 billions of dollars have been executed via AlphaTrader.

One of our Hedge fund client is running 500 strategies simultaneously on AlphaTrader.

A new version including users’ feedbacks every month.

2

Market connectivity

Multi-Assets platform AlphaTrader is a fully multi-assets trading platform and allows to trade:

Forex CFDs Futures Stocks ETF

Coming Next: Options

Connection to trading venues, brokers, banks and third party data providers. New connectors can be added on demand. Clients with their own PB can access all major institutional Fx Venues and Banks.

API and FIX connectivity for more stability and resilience.

Connectors

Up to date information on:http://www.alphanovae.com/connectivity/

Connection to real market data feeds but simulation of the trade execution.

Allows to test strategies and manual trading against real data feed. No need of broker demo / paper trading account.

Simulator connector

Multi-Connectivity Multi-Brokers

From a single workspace, manage simultaneously multi-accounts and multi-brokers connectivity.

This feature offers the option to connect to multiple brokers according to the type of market targeted. Therefore, trades will be directed towards:

One/or multiple broker(s)One/or multiple market(s)

E.g.

Multi-accounts

Managing several accounts within the same broker

E.g.

Prime Brokerage set up

Connect AlphaTrader to your Prime Broker account and to your Liquidity Providers. Possibility to connect to all Fx Venues and Banks for clients having a Prime Broker.

E.g.

Aggregation/multi-brokers (coming soon)

The Aggregation engine makes possible to gather all the market data feed (coming from diverse brokers) and theSmart Order Router engine directs order to the best prices.

Trade (buy/sell) at the best price.

E.g.

Bid Ask

Broker B

Broker C

Broker A

Broker A

Broker C

Broker B

Arbitrage/multi-brokers - assets

Multi-Brokers and Multi-Assets mode makes possible to arbitrage opportunities as soon as they appear.

E.g. CFD vs Future/ CFD broker A vs CFD broker B/FOREX broker A vs FOREX broker B

For optimal speed. your arbitrage strategies can be automated in AlphaTrader.

Trade price inefficiencies as they appear

E.g.

3

Market data

AlphaTrader gathers all the data you need to make your trading decisions.

Direct connection to Broker/Venue data or through third party provider.

Market data real time and historical• Level 1 (bid/ask/bars)• Level 2 (book)• Time And Sales• News

Data representation and access

• Level 1 data (bid/ask)

Spot market trends in a glimpse

Chart

All timeframe available. From tick charts to bar of ticks, seconds, minutes, hours, etc.

Including visualization of built-in or custom made technical indicators

New chartist environmentComing soon: AlphaCharts

Bid and ask price Bid and ask size Spread Depth of Market

Scalpers and Market watch

• Level 2 data

Follow and interact on the price discovery

Order depth visible (up to 20 for LMAX) Last trade price (yellow cell) Your position average price (blue cell)

Order book / Depth Of Market

Help you to trade as a price maker

Time and sales Get access to the real time flow of trade execution.

News

The tool provides economical and political news impacting the market and gives alerts.News calendar is also available in strategies.

4

Trading with AlphaTrader

Trade entry Trade execution Trade/Position management Post trade/reporting

Trading with AlphaTrader From pre to post trade processing

Position scalper(position-centric mode) .

One click trading

Buy/sell positions

- Define buy/sell limits- Define sell stop/buy stop

Ergonomics designs fully-configurable to facilitate active trading (i.e. scalping)

TRADE ENTRY

One click

Trade scalper(trade-centric mode)

Buy/sell positions

Define buy/sell limitsDefine sell/buy stops

One click

Activate stop loss/take profit

Trade centric vs Position centricPosition centric mode (used in MT5, MultiCharts, NinjaTrader,etc)

Position centric focuses on global position instead of number of trades. A position trade has reached the end of its life cycle once filled. We can not close a filled position centric trade.

e.g.

You have a position of 4 EURUSD lots which has been created by 3 trades(buy) of 2 lots and 1 trade (sell) of 2 lots.

The strength of position centric approach is to lower transaction costs and swap by netting individual trades position.

Trade centric mode (used in MT4)

Whereas, trade centric involves trades which follow a life cycle after their initial fill. A trade centric filled, need to be closed.

e.g.

1 trade(buy) of 2 lots, once executed, remains in the blotter with its own PnL.

The trade will end its life cycle via a direct close operation, stop loss or take profit.

The advantage of Trade Centric platform is to allow "hedging“ (being long /short in same time) and consequently all kind orcombinations of trading strategies such as grid trading.

With AlphaTrader internal engine, you can also lower transaction costs and swaps in trade centric mode.

AlphaTrader allows both modes of trading!

Need to know

Apply tactics to your trades to automate entries and/or exits.

Sample of possible tactics:

Tailor mode trailing stops Specific hedging Sniping Pegging/Layering Entry fragmentation

From trade scalper (SEMI-AUTOMATED) Tactics: Embed custom-made algos to your trades

- Leverage and assist manual traders with algos- Bring automated traders more modularity in their work

Position centric limit and stop orders

Left click Send your trade

Right clickCancel your trade

Blue cellVisualize your position at a glance

One click

Order book/ DOM

Trade through a visual interface, including configurable tools which deliver meaningful content, helping your decision making

Charts

One- Click Buy/sell

Add indicators and tactics

Zoom +/- time/price

Right click: Open stop/ limit

+++ timeframes customizable without limitTicks/second/minute/hour/day

“Rule tool”, left click and drag = Pips measure/ pnl

Drag to modify limits / stops / stop loss and take profit

Possibility to choose option trade/position and quantity

Internal Matching Internally match hedged sub position to save transaction costs

Block Merge Merge trades before sending to execution to faster execution

Innovative internal matching engine to save costs and fasten execution

TRADE EXECUTION

Due to AlphaTrader hybrid functioning mode (trade/position centric) and thanks to the independence of Alpha Novae towards brokers, wewere able to add an internal matching engine inside AlphaTrader. A functionality generally available only on the broker side… as it generatesthem an extra income flow.

This process allows some of your trades (sub position hedged) to be instantaneously executed within AlphaTrader, without sending anything tothe broker. Therefore, it leads to save commissions and spreads.

Internal matching

INTERNAL MATCHINGNO INTERNAL MATCHING

Block Execution The aim of block execution is to faster your execution by merging all your different trades to be sent to the broker in one single block.

Instead of filling one trade after the other, your block will be filled in one go.

AlphaTrader

Trade management

The tool displays each active trade. Therefore, you can check your trades statuses and PnL

Trade blotter

One-click close trade(s)

Click right and close some/all of your trades/partial close

Trigger Internal Matching

Click right and modify Limit and stop

Take profit/stop loss

Trade blotter includes the time of the trade, symbol, trade type (long or short), state (filled/close/part close),size, position, open price, limit price, stop price, stop loss, take profit, current price, commissions, owner ID, profit including open/entry commissions, comment, close.

Position management

Including

Size PnL (excluding commissions) Average price

Post trade data/reporting

Trade history Trades which have ended their life cycle

Keep a record of your trading activity for analysis

Execution history Record of all the executions

5

Trading Automation

AlphaTrader algo bestiary Indicators, Tactics and Strategies

Visualize indicators in chart and call indicators from strategies.

Embed tactics to trades. Tactics are algos placed inside a trade and piloting entries, exits, movement of stop loss and takeprofit, etc. Tactics react to trade send events, market data change events and fill events. A tactic stops when the associatedtrade ‘dies’. Sample of possible tactics:

Tailor made trailing stops Specific hedging Sniping Pegging/Layering Entry fragmentation

Strategies are piloted through AlgoNaute (cf next slide). Strategies can call indicators and associate tactics to trade theycreate.

Automated trading

Based on Event Programming, strategies can react to:

Level 1 and Level 2 (book) data update. (Time And Sales events to come soon.) close of bars. numerous trade related events (fills, cancels, rejection, etc). session related events (connects/disconnects). news events . custom made timers.

Strategies can work in a multi-timeframes , multi symbols and multi brokers environment.

Modularity and openness:

Strategies can also be used to create add-on in AlphaTrader: tailor made user interfaces, enrich charts with new functionalities, etc.

Designed to facilitate operations on live trading, support, monitoring and investigation in case of issues.

Performance and stability at core:

A client is using successfully a set up with 550 strategies, each one using 3 timeframes, on 60 instruments and on 24h/24 basissince February 2014. Thousands of trades every day.

An other client is running very low latency sensitive and high frequency Forex market making algos.

Launch and manage strategies No need to attach a strategy to a chart (save your computing resources) Coming soon: Algonaute as a local thin Client to AlphaTrader running Server side

Algonaute (automated trading interface)

Visualize and monitor your running strategies via the strategy dashboard

Start/Pause strategy in one click

Visualise real time position and PnL

For each strategy, get dedicated:

Chart Blotter Trade history Logs Balance/Equity

Semi-Automated trading Built-in semi automated trader with approval blotter

Strategies can create To Be Approved trades.

Trader can approve or reject trades from the approval blotter.

Trader can associate tactics to trade to automate money management and

trade exit.

6

Custom Development

Custom development tool Use a professional leading code editor to develop your algos Fully configurable and tailored add-ons to be developed thanks to our Alpha API

Code and debug your indicators, strategies, tactics or add-ons.

Use Microsoft Visual Studio C# to develop and debug your algorithms.

Samples of indicators, tactics and strategies are available in the AlgoBox solution, installed with the platform.

You can add your own indicators/tactics/strategies in MyAlgosproject.

Event driven programming.

Server Alpha API library to connect third-party applications to AlphaTrader coming soon…

Excel RTD server Connect Excel to AlphaTrader and give life to your spreadsheets

RTD (Real Time Data) is extremely efficient and offers many advantages over deprecated DDE (Dynamic Data Exchange) technology.

The AlphaTrader RTD Server allows you to get access into Excel to real time market data, historical data and to the AlphaAPI trading actions such as order submission, fill information, positions, etc.

Deployment Build and deploy DLLs containing your algos into your server

Build your project into DLLs with Visual Studio C#.

Deploy your DLLs by placing them into /AlgoBox directory.

Ability to crypt the DLLs before deployment.

7

Live Trading Control & Operations

Risk manager

Operational and financial risks.

Prevent “fat finger” trades and block rogue algorithms.

Automatically spot and block orders which do not respect tolerance rules in term of size, position, price, instrument, etc.

Order Frequency Circuit Breaker to protect your self from algos going crazy.

Psychological risk management to eliminate emotions by configuring daily profit and loss limits.

Specific admin account to manage the risk limits of your employees or to force yourself to respect the daily limits.

Control and protect

Position/Order Size Circuit Breaker

Order Frequency Circuit Breaker

Exposition Circuit Breaker

Daily Max Loss/Profit

Enable Instrument Filtering

Thin client application to run on local desktop and securely connecting to AlphaTrader.

Share AlphaTrader server access between traders or between traders and support operators.

Give you local access to: AlgoNaute to start, pause, stop or

edit strategies. Trade blotter to monitor, modify or

close open trades Position blotter Live Account information AlphaTrader logs Trade history Execution History Etc

AlphaTrader Client Thin client application remotely piloting and monitoring AlphaTrader operations

Get an email alert if the platform is unresponsive.

Automatically grab server logs into your local desktop thanks to AlphaMonitoring client.

Automatically archive your old logs.

Possibility to write a monitoring strategy which will generate custom made html monitoring report. And email or ftp it.

Alpha Monitoring Server side service controlling and monitoring the platform behaviour

One log for the platform , one log per strategy and possibility to log all FIX messages in specific extra log file.

Ease the investigation on strategy behaviour.

Sub millisecond precision.

Possibility to filter logs on user actions, information, warning and errors.

Automatically archive your old logs.

Logging Control and analyse the strategies and platform behaviour

Specify a list of close and restart sequences

For example:

Close daily at 10pm and restart the day after at 7am

Close Friday at 10 pm and restart Sunday at 8pm.

Get an email when the platform is closed or restarted.

Scheduling Automate stops and restarts of the platform

Help and support

Get in contact with Alpha Novae team members regarding any support

Get updated through social websites about releases and events

8

Coming Soon

AlphaTrader Client V2

AlphaSearch Backtesting environment

AlphaCharts: New chartist environment

Enterprise infrastructure

Big Data server and reporting

AlphaCharts preview…

AlphaSearch preview…

AlphaSearch preview…

AlphaSearch preview…

9

Services

Amplify your AlphaMore than a platform, a dedicated technology department to support your business.

Tailor made developments: Strategies / Tactics / Indicators From HFT algos to Massive Multi Strategies environment (more than 500 strategies)

Migrate your strategies from your old/retail platform to AlphaTrader when professionalising your infrastructure.

Extend connectivity or upgrade to FIX institutional connectivity

Multi-brokers / accounts set-up for asset managers

Enterprise multi-users (traders, analysts, support, dev, etc) set-up

Execution consulting Lower your transaction costs

Tailor made add-ons to ease your manual trading

Detailed case studies on http://www.alphanovae.com/case-studies//

Alpha In a Box More than a platform, a dedicated technology department to support your business.

Development + Deployment + Maintenance + Monitoring + Support

Bronze: AlphaTrader deployment and maintenance.

Silver: Training and second level support to your support and developer teams.

Gold: Full managed package: deployment / maintenance / monitoring and support.• Dedicated support team monitoring 24/7• In case of immediate attention, we are dedicated to quickly deliver solutions either on week days

or on weekends / bank holidays.e.g. adding new functions on the platform, updating server, etc…

• Possibility to add a connector on demand.• Evolution of the platform to follow your needs.

Up to date information on: http://www.alphanovae.com/support-monitoring/

10

Company

Customer support

UK: +44 02082656416Registered no: 07433000

64 Southwark Bridge RoadLondonSE1 0AS

United Kingdom

Alpha Novae is a consulting company and technology provider specialized in systematic automated and algorithmic trading.

We provide technological solutions and tailor made developments for a broad range of clients, from serious individual traders toinstitutional clients: systematic trading start-ups, asset managers and hedge funds.

Alpha Novae helps you to make the institutional leap forward

Automated trading developmentImprove and optimize your executionMinimize your transaction costsConnect to any broker or venue (LMAX, IB,FIX, API…)ConsultingGet an affordable IT department

For more information, visit www.alphanovae.com

Contact us

Trading any financial instruments carries substantial risk and may not be suitable for all investors. Past performance does not obviously attest future results. AlphaNovaedoes not make any advises or suggestions on which financial instruments customers

should buy or sell for themselves.We provide educational information on ways to use our cutting edge AphaTrader

interface, however it is up to our customers responsibility to make their own decision.

Disclaimer

- On 543 trades EURUSD Limit.

-> Average size: 23.2 lots LMAX -> Average positive (good for trader) slippage per trade : 0.09 pip / 0.1 point. -> Max positive slippage: 23.1 pip. Min: 0 pip.

- On 210 trades Gold (XAUUSD) Limit.

-> Average size: 38.6 lots LMAX -> Average positive (good for trader) slippage per trade : 0.2 pip / 2 point.-> Max positive slippage: 3.8 pip. Min: 0 pip.

- On 343 trades EURSEK Limit.

-> Average size: 27.8 lots LMAX -> Average positive (good for trader) slippage per trade : 1.1 pip / 11 points.-> Max positive slippage: 201 pips. Min: 0 pip.

Annex