1. Financial Services Head in the cloud December 2010 Version 1.0

2. Why me The guy from the big bank couldn’t make it I used to be a Director of IT R&D at a big bank I now run a cloud only infrastructure at a boutique 2

3. Agenda Cloud definition – so we’re all on the same page The excuses Financial services already is in the cloud Who gets to be the prime broker to the tier 1s? 3

4. What are we talking about? 4

5. What’s ‘cloud’ all about? 5 http://www.slideshare.net/skillsmatter/simon-wardley http://www.youtube.com/watch?v=5Oyf4vvJyy4

6. The excuses 6

7. Cloud isn’t secure 7

8. My regulator won’t let me 8

9. I’m so big I can build my own 9

10. Financial services already is in the cloud 10

11. Market Data 11 Exchange Bank Market Data Provider Exchange Bank Exchange Bank

12. [MTF] Multi Lateral Trading Facilities(MTFs) 12 Bank Bank Bank Bank Hedge Fund Bank

13. Prime brokerage 13 Bank Hedge Fund Prime brokerage Position keeping Hedge Fund Ordermanagement Clearing And Settlement Hedge Fund Exchange Clearing Settlement

14. Who gets to be the prime broker to the tier 1s? 14

15. Bank as a Service Bundle 15 Bank Fixed Income Risk Management Reference Data Client Derivatives Client Validation and Enrichment FinancialControl Clearing and Settlement Equities Client Exchanges Clearing Settlement

16. Bank 2020 16 Bank Fixed Income Risk Management Reference Data Client Service cloud Derivatives Client Validation and Enrichment FinancialControl Clearing and Settlement Equities Client Clearing Settlement Exchanges

17. A final though 17

18. Thank you for listening about.me/cpswan These slides will be published at blog.capitalscf.com 18