New York, 23 June 2004 - The Mitsubishi Trust and Banking Corporation, the largest trust bank in Japan, is joining FXall, the leading portal for online foreign exchange trading. In total more than 50 banks are now integrated to FXall which has more than 700 customers signed for trading.

By joining FXall, Mitsubishi Trust will enable its asset management clients to automate the entire foreign exchange trading process. More than 50 asset managers currently trade through Mitsubishi Trust which expects to handle 70 per cent of their transactions electronically.

Today's news follows a sustained increase in institutional volumes at FXall. Institutional clients now account for 65 per cent of the total volume traded over the FXall platform, this compares to a figure of 45 per cent one year ago.

About FXall

FXall is an electronic trading platform offering customers foreign currency trade execution, access to research and straight through processing.

FXall's comprehensive functionality includes easy multibank access, portfolio management tools that enable execution of entire portfolios of trade, leading quality research and analysis available through a single sign-on, and 24-hour access to a multi-lingual support center.

About The Mitsubishi Trust and Banking Corporation

The Mitsubishi Trust and Banking Corporation provides a full array of trust and banking offerings to meet the financing and investment needs of retail and corporate clients in Japan and around the world. These include pension, asset management and administration, fiduciary, real estate, stock transfer agency, financing, and other services.

FXall's services are not intended for, and are not available to, private customers, and are not intended for distribution into any jurisdiction where such distribution is restricted by law or regulation. FXall's services do not constitute investment advice or an advertisement, offer, or solicitation of an offer, for the purchase or sale of any investment, securities or other property, or a representation that any investment, security or other property is suitable for any person.

FXall may act through FX Alliance, LLC (a Delaware, USA limited liability company), FX Alliance Limited (regulated by the Financial Services Authority), FX Alliance International, LLC (ARBN 097 253 640, a Delaware, USA company, members' liability limited).