Organizational Profile for Futures First for July 2010/July 2011

BACKGROUND & HISTORY

Futures First is accelerating its six-year success of innovation and expansion across
major international financial markets. This achievement is driven by our cutting-edge
recruiting, training, and development programs, as well as by our excellence in
innovation and investment theory-based software. Futures First has a strong reputation
as a leader in the financial services industry and as a premier destination for gifted
graduates aspiring to leverage their analytical abilities through direct participation in
world markets. Today Futures First employs five hundred of the brightest and most
competitive strategists across six branch offices in India (Bangalore, Calcutta,
Gandhinagar, Gurgaon, Hyderabad, and Jaipur), and continues to recruit the best talent
from the most competitive universities and institutes in India.

Futures First operates as part of the GHF Group, the holding company with
headquarters in Mauritius, which also operates research and trading advisory branches
in Israel, Hungary, Rumania, China, and Mauritius, as well as a clearing business in
London. Futures First benefits from the deep international experience of GHF Group in
trading and clearing financial derivatives products on the European and North
American exchanges and its core competencies in clearing, trading, research, financial
management, IT, and risk management. Futures First and the GHF Group are fast-
growing proprietary finance conglomerates that continue to raise the international
benchmarks for excellence across the finance industry.

OUR PEOPLE

The explosive success of Futures First is propelled by the intellectual power and
financial acuity of its 500 ‘home grown’ high achievers. We work closely with the
placement officers at top tier universities to identify and place the most competitive and
quick thinking graduates who have been recognized for their exemplary work in
departments such as finance, economics, engineering, mathematics, physics, or
computer science.

At Futures First we are committed to providing our employees with the best in
technology, training, and continuing education. Candidates who are given offers receive
world class training that includes an intensive introduction to financial markets and
products, risk management, international workshops with the GHF Group, and one-on-
one mentoring to develop the requisite psychological and endurance skills.
At Futures First we recognize that competitive careers can lead to stress and fatigue,
so we aim to create a working environment that balances the intense pressure with
plenty of time to unwind, travel and have fun. Our expectations are high, but the
rewards are immense.

CAREERS

Futures First offers a unique opportunity in India to work in the world’s most exotic,
liquid, and well-developed derivatives markets. This is an exciting challenge and an
excellent opportunity for bright, analytical, highly motivated graduates to join a vibrant
and demanding business and participate directly in today’s dynamic world markets.

DESIRED PROFILE

Futures First is recruiting high-achieving Graduates and Post Graduates from any
discipline, including but not limited to: physics, finance, economics, computer science,
mathematics, and engineering. We encourage Undergraduates, CAs, and MBAs with
stellar academic records and who enjoy highly competitive and dynamic environments
to apply.

Key Skills for Futures First:

Passion for numbers and calculations
Knack for identifying patterns in complex, dynamic market data
Razor sharp intelligence and a keen sense of curiosity
Acute ability to find high-value opportunities and capture them
Integrity and loyalty
Initiative and ambition
High energy and perseverance
Confidence under pressure
Emotional toughness and resilience

You will meet current Futures First employees as part of the recruitment process.
They will explain our performance culture and our career path to you while, at the same
time, getting to know you to gauge your interests and skill levels.

INCENTIVE COMPENSATION

Compensation at Futures First is based on proven international principles and

benchmarks.

 Compensation is pegged to local and international market benchmarks

 Compensation incentives are aimed to align business and trader risk/reward

interests

 Incentive compensation underwrites longer-term qualitative results such as

management excellence, training, teamwork, innovation, and collaboration.
Total Compensation is structured in terms of:

 Base Salary (candidates are hired at INR 45,000 pm, and salary is reviewed and
marked to market annually)
 Performance Bonus based on trading profits

Although salaries are transparent and can be compared, performance bonus is difficult
to compare because it is totally based on the specific context of product, market, timing,
and actual profitability results.

The CTC (Gross Salary plus Average Bonus) for the 1st year works to Rs. 8.3 lakhs
per annum.

To help understand and compare our Total Compensation approach, the graph below
depicts the actual average salary and bonus earnings for all current Futures First
employees for the respective year of their career at Futures First. You can see that salary
levels trend upward consistently, and that bonus payouts explode to multiples of salary.
Depending on actual performance results, a bonus can be zero for a year or it can be
breath-taking (see the historically highest bonuses paid in the respective years below).

Average CTC per annum in career year

Year 1 Year 2 Year 3 Year 4
8.3 L 22.4 L 45.9 L 104.8 L
Highest historical trader bonus in career year
Year 1 Year 2 Year 3 Year 4
33L 224L 509L 914L

Average Total Compensation

Futures First traders 2009
110

100

90

80

70
INR, Lakhs

60
95.4
50
Bonus
40

30
38.1
20
15.8
10
2.9 Salary 9.4
5.4 6.6 7.8
0
1 2 3 4

Years in Futures First