OUR SERVICES From an initial focus on the policy issues of greatest interest to macro-traders – monetary policy, currency policy, and fiscal policy in the US, Japan, and the EU – MGA has expanded its network of relationships and expertise. Today MGA offers four basic service lines to its clients: G10 macro markets, emerging markets, global oil and energy markets, and US equity sectors. Here are recent instances where MGA's insight and intelligence gave our clients an edge in the market: •   Bank of Canada: MGA call for no change in Canadian rates proves correct as markets anticipate a cut •   Breaking the Saudi Oil Scoop 06/11/2008 •   Central Bank of Colombia: MGA correctly predicted Colombia would keep policy rates unchanged •   In Front of the Fed Message 06/11/2008 •   MGA correctly predicts that Chile’s central bank would hike its policy rate, in a move that surprised most in market •   MGA Fed report highlights that market pricing of a rate hike in the fourth quarter is premature and not in line with current policymakers’ thinking. The report release marks the low for the trading cycle •   MGA GCC Report released on Friday May 30th predicts outcome of Paulson meeting in Saudi Arabia •   Swiss National Bank: MGA report that market pricing for a near term hike in Swiss rates is overdone proves to be correct as SNB holds rates steady •   The Central Bank of Mexico: MGA outlines the risk of an early move to tighten rates in Mexico. •   The National Bank of Hungary: MGA highlights that the National Bank of Hungary is likely to hold rates despite recent data G10 Macro Markets: Primary sourced intelligence and insight on the monetary and macro-economic policies and politics that are key drivers in the G10 fixed income and f/x markets. Recent offerings include: •   "MGA ALERT: Saudi Decides On Big Output Hike To Lower Oil Prices" - June 11, 2008 •   "Saudi Arabia: Paulson's Dollar Rounds" - May 30, 2008 •   "G7 Meeting: Poetry In Motion" - April 15, 2008 •   "FED: A Shifting Burden Of Proof" - June 06, 2008 •   "FED: Institutional Fatigue" - April 15, 2008 •   "US Commodity Regulation: Summer Of Discontent" - June 04, 2008 •   "US Housing: Tumbling Dice" - June 04, 2008 •   "ECB: The Morning After" - June 6, 2008 •   "BOJ: The Upside Scenario" - June 05, 2008 •   "BOC: Treding Towards Caution" - May 22, 2008 •   "RBA: Slowing in Motion" - June 02, 2008 Click here for sample G10 notifications. Emerging Markets: Provides the same primary sourced intelligence on policy and politics across Latin America, Russia, Eastern Europe, China and non-Japan Asia. Recent offerings include: •   ""Central Bank of Russia: Cat And Mouse" - July 9, 2008 •   "Kazakhstan: Back to Square One on Kashagan" - May 21, 2008 •   "Turkey: Verdict Unveiled" - May 20, 2008 •   "Ukraine: Repegged" - May 22, 2008 •   "Chile: Making-Up For Lost Time" - July 7, 2008 •   "Peru: More In Store" - July 7, 2008 •   "Venezuela: Isea To Buyback Before Leaving" - June 9, 2008 •   "Brazil”Staring Inflation In The Eye" - May 28,, 2008 •   "Mexico: Banxico Cornered Into Tightening" - June 16, 2008 •   "China: More Energy Price Hikes Coming (Rate Hikes Too)" - July 1, 2008 •   "Taiwan: Much Ado About Inflation" - June 23, 2008 •   "South Korea: No More Won Weakness" - May 29, 2008 Click here for sample emerging markets notifications. Global Oil & Energy Markets: Authoritative and forward looking market intelligence on the key supply issues in both OPEC and non-OPEC producing countries as well as the demand drivers in the US, EU, and China. Recent offerings include: •   "OPEC: Softer Demand In '09" - July 11, 2008 •   "Iran: Cooler Heads" - July 11, 2008 •   "Iraq: Halting Progress" - July 9, 2008 •   "China: More Energy Price Hikes Coming (Rate Hikes Too)" - July 1, 2008 •   "Saudi Decides On Big Output Hike To Lower Oil Prices" - June 12, 2008 •   "Russia Oil: Bigger Tax Breaks" - May 27, 2008 •   "Kazakhstan: Back To Square One on Kashagan" - May 21, 2008 •   "Nigeria: Pipes Of Peace" - June 17, 2008 •   "Brazil: Carioca Conundrum; Bioelectricity Boom" - April 16, 2008 •   "Mexico : A Temporary Energy Reform Snag" - April 23, 2008 •   "Latin America : Energy Woes in the Southern Cone" - May 5, 2008 •   "Congress: Getting A Grip On Oil" - July 10, 2008 •   "World LNG: Supply Demand Outlook to 2014" - April 9, 2008 •   "Climate Change: First US Mandatory Carbon Market Takes Shape" - April 15, 2008 •   "Coal: The Basin Effect" - June 3, 2008 Click here for sample energy notifications. US Equity Sectors: MGA gets ahead of the legislative, regulatory, geopolitical, and economic policy developments that are likely to have an impact on the US utilities and telecommunications sectors. Recent offerings include: Utilities: •   "Renewable Energy: Credits Will Be Renewed by August" - May 20, 2008 •   "Climate: Senate Rehearsal for 2009" - June 02, 2008 •   "Ohio: On Path to Finish" - April 18, 2008 •   "Pennsylvania: Freezing the Rate Freeze Extension" - April 09, 2008 •   "Arizona: Substantial Agreement on UNS Rates" - April 21, 2008 •   "New York: PSC Staff Question Risk Transfer in ETR Spin" - May 15, 2008 Click here for sample utilities notifications. Telecom: •   "Big Hurdles for Private Equity IDEN Takeover" - May 07, 2008 •   "Murky Merger Prospects for Sprint/T-Mobile" - May 06, 2008 •   "Congress Openly Examines D Block Issues" - April 15, 2008 •   "D Block Reauction: Time Is Of The Essence" - May 21, 2008 •   "FCC Action on Network Neutrality Expected by Summer" - March 14, 2008 •   "DC Circuit Upholds FCC's June Rebanding Date For Sprint" - May 02, 2008 •   "800Mhz Rebanding: Interleaved Deal Making" - May 14, 2008 Click here for sample telecom notifications.