www.dukascopy.comwww.dukascopy.com

Welcome to Dukascopy Bank

professionally in the FX Market

Swing

Dukascopy Bank...............................06

External Money Manager FX Solution...07

PAMM Features.................................08

Advantages...09

Trade Allocation...............................10

..........11

Performance Monitoring....................12

Investment Protection Solution..........13

External Money Manager

External Money Manager Report

Table of Contents

06

Dukascopy Bank

ukascopy Bank is based in Geneva, Switzerland. Host to Dukascopy Bank continues to follow its primary chosen business

multiple international organizations, Geneva is home to model (ECN) and constantly develops its relations with banks and

people and cultures from around the world. Stability, security and financial institutions to create the world’s biggest liquidity

high FX regulatory standards of the country fit perfectly with aggregator.

Dukascopy Bank’s culture. Dukascopy Bank is supervised by the

Swiss Financial Market Supervisory Authority (FINMA), the Today, Dukascopy Bank is an innovative Swiss-based bank offering

institution that is charged with preserving and the strengthening a unique combination of technological and Forex skills. People of

public confidence in the security and integrity of core financial Dukascopy are driven by one goal and purpose: to continue

practices of financial centre. Furthermore, the Bank is audited by shaping the most advantageous and transparent Forex trading

KPMG, one of the world's leading auditors. environment imaginable for the benefit of its clients.

Dukascopy Bank is one of the leaders in the foreign exchange During these initial years of presence in the brokerage market,

industry, specialized in Spot Forex. The Swiss Company the popularity of the company significantly among

was founded in 2004, to fulfill market’s needs on providing individual and institutional clients. Our customers fully rely on

technological trading solutions to traders. Dukascopy Bank’s unique execution quality.

increased

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07

External Money Manager FX Solution

ukascopy Bank offers the most complete management tools in the FX market to enable the best

These tools create a favorable investment situation in combination with the Swiss regulatory

environment and the unique liquidity of the bank.

The main feature is the Percent Allocation Management Module (PAMM).

trading possibilities for

External Money Managers.

The PAMM is the technical solution provided to Dukascopy

Bank’s clients, allowing them to have their accounts managed by their own External Money Manager acting on the basis of a limited

trading power of attorney. The PAMM allows such a Manager, on one trading platform, to manage simultaneously unlimited number

of accounts. The managed accounts can be funded in different currencies and deposited with different banking institutions.

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08

PAMM Features

ukascopy Bank provides a technical solution enabling a client to appoint an independent trader (External Money Manager) of

his/her choice on the account. To support this activity Dukascopy Bank has created a unique environment, based on the

following main characteristics:

Access to unlimited ECN liquidity, without maximum lot Advanced PAMM environment

restrictions (ECN liquidity allows trading on institutional-sized

Professional reporting for clients and traders accounts)

Professional trading platform Trading on accounts with different base currencies as one pool

Different trading possibilities including stop-loss and limit orders Facilities for payments between clients and traders

Individual Stop-Loss Level on equity for each account

Opportunity to trade funds deposited with different institutions

(like our custodian bank partners, including Dukascopy Bank)

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This flexible system provides with full advanced control and risk management features. With its unique

tool for client risk protection, Dukascopy Bank continues to expand on its sophisticated External Money Manager offering.

the External Money Manager

For the first

time, the client can preset his/her individual investment protection level. From the beginning, the client will have instant online

access providing him/her with full transparency and the option to control his/her investment.

ukascopy Bank has created an advanced system FX in the best conditions. to enable External Money Manager to trade In

addition to common solutions, we offer:D

09

External Money Manager Advantages

Possibility to add and/or remove funds and accounts without Choice of base currency for the trader’s platform

interrupting trading activity

Ability to manage through one

of multi-currency accounts

Immediate and automated trade allocation

Performance fee calculation

trading platform an unlimited Interactive functionality to accept/decline new managed accountsquantity

between the concerned Capacity of Stop-Loss Level reached on an individual account

accountsnot to affect the other accounts under the PAMM

epending on the deposit size, each managed account has its

own ratio in the PAMM. The total of all ratios under one

PAMM account is always equal to 100%. The trader's activity

results (trades, Profit & Loss)

For example, we have 3 accounts under trader’s management:

1. USD account with deposit of $ 100 000 and resulting ratio 20%;

2. EUR account with deposit of $ 250 000 and resulting ratio 50%;

3. GBP account with deposit of $ 150 000 and resulting ratio 30%.

are allocated between the managed

accounts related to the PAMM according to the allocation ratio.

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10

EUR/USD2 000 000

LONG

EUR/USD5 000 000

LONG

EUR/USD3 000 000

LONG

Allocation Ratio

Position Allocation

PAMM Technology

InvestorsPortfolios

$150 000

$100 000

$250 000Money

Manager

Buy 10 MIOEUR/USD

Trade Allocation

Depending on funded amounts, different ratios are applied for the managed account (for ratio calculation all amounts are

converted in USD equivalent based on market rate).

Let’s say to BUY 10 mio EUR/USD, PAMM

according to the ratios. Each managed account has its own portion of the position and corresponding Profit & Loss. In the current

example:

Resulting Profit & Loss will be automatically calculated for each account depending on market prices.

an External Money Manager decides allocates the order between the managed accounts

20%

50%

30%

1. First managed account will get position LONG 2 000 000 EUR/USD

2. Second managed account will get position LONG 5 000 000 EUR/USD

3. Third managed account will get position LONG 3 000 000 EUR/USD

Last login:Loggoff

[change password]

11

Get CSV URLReports

ReportsPortfolio Statement

Intraday Statement

Position Reports

Commissions

Client Action Log

Trade Log

Activity Log

Client Accounts

Client accountsReload

Name:

Account ID:

Date:

Time:

Money Manager

188403

28.10.2010

15:44:36

Waiting Accounts

Client ID Name Balance Currency Description Stop Loss Level Currency Action

Activate192446 Money Manager Client 1 100 000.00 EUR Account to be activated 50 000.00 EUR Decline

Active Accounts

Client ID Name Balance Currency Description Stop Loss Level Currency Action

Deactivate192444 Money Manager Client 2 100 000.00 USD Active account Ratio: 100.00% 50 000.00 USD

Inactive Accounts

Client ID Name Balance Currency Description Stop Loss Level Currency Action

192445 Money Manager Client 3 500 000.00 USD Inactive account. Waiting for client accept 100.00 USD

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External Money Manager Report

he External Money Manager has a clear view on each of his clients' accounts, including their Stop-Loss Level.

reactivate or decline any single client within the PAMM.

He also has the power to

activate, T

12

Reload

Status:

Status action:

Stop Loss Level:

Stop Loss level

action:

Last change:

Deactivate

Active

50 000.00 USD

Status: Active

USD

Last login:Loggoff

[change password]

Summary Reports Get CSV URL

SummaryMy Status

Action Log

Description Overview

Current Balance:

Current Equity:

Current Day P/L:

Debit/Credit:

Currency:

0.00

99 964.50

USD

-35.50

100 000.00

• The account is currently under Management. Press 'Deactivate' button anytime to block trading on the account. Deactivation will result in closure of all open positions. Pending orders will be cancelled.

• To protect your funds please use 'Stop Loss Level' function. All open positions will be closed and trading blocked if equity on youraccount is equal or less than 'Stop Loss Lever'. Please be informed that equity on your account after closing of all open positions might be below 'Stop Loss Level' depending on market conditions.

Daily Activity

11644067

11644066

11644073

OPENED

OPENED

OPENED

USD/JPY

USD/JPY

USD/JPY

50 000.00

50 000.00

50 000.00

LONG

LONG

LONG

80.9290

80.9290

80.9350

80.9150

80.9150

80.9150

-700.00 JPY

-700.00 JPY

-10 000.00 JPY

28-10-2010 15:44:50

28-10-2010 15:44:50

28-10-2010 15:44:55

28-10-2010 15:45:37

28-10-2010 15:45:37

28-10-2010 15:45:37

11644071 CLOSED USD/CHF -50 000.00 SHORT 0.983120 0.983090 1.50 CHF 28-10-2010 15:44:53 28-10-2010 15:45:00

Account Settings

ID Status Instrument Amount Direction Open Price Current Price P&L Open Date Current Date

ID Status Instrument Amount Direction Open Price Close Price P&L Open Date Close Date

Submit

ukascopy Bank’s clients are given access to their accounts’ detailed and consolidated performances. An elaborate reporting

module allows each client to analyze the performance of the External Money Manager at any time of the day.D

Performance Monitoring

13

Last login:Loggoff

[change password]

Summary Reports Get CSV URL

SummaryMy Status

Action Log

Reload

Status:

Status action:

Stop Loss Level:

Stop Loss level

action:

Last change:

Revoke

Waiting Manager’s acceptance

50 000.00 USD

Stop Loss Level: 50 000.00 USD

USD

Account Settings Description

• The account is waiting for Manager's acceptance. Once accepted, trading will be enabled. To interrupt the process please press 'Revoke'. • To protect your funds please use 'Stop Loss Level' function. All open positions will be closed and trading blocked if equity on your account is equal or less than 'Stop Loss Level'. Please be informed that equity on your account after closing of all open positions might be below 'Stop Loss Level' depending on market conditions.

Overview

Current Balance:

Current Equity:

Current Day P/L:

Debit/Credit:

Currency:

0.00

100 001.28

USD

1.28

100 000.00Submit

Investment Protection Solution

lients are given the possibility to set and manage a specific investment protection level, by using unique Dukascopy Bank ‘s

Stop-Loss system. This feature provides an outstanding advantage both for the client's comfort and the manager's confidence. C

G meExternal Money Manager FX Solution

for successful people

Tool

www.dukascopy.com

Dukascopy Bank SARoute de Pré-Bois 20, ICC 1215 Geneva 15, Switzerland Tel: +41 22 799 4888(0) Fax: +41 (0) 22 799 4880 e-mail: info@dukascopy.com

This brochure is intended only for Forex professional investors and financial institutions authorized to establish Business-to-Business relationships with Dukascopy Bank. Other persons should not act upon this brochure. Engaging in Forex involves significant risks of losing part or all of the investment. If in doubt about engaging in Forex trading and/or establishing business relationships with Dukascopy Bank one should consult a qualified advisor.