FXall


	FXall Press Releases

		FXALL INTEGRATES 11 MORE OF ITS 55 LIQUIDITY PROVIDERS TO THE PLATFORM Brings the total number of fully integrated providers to 34 More than 200 corporations and asset managers now signed for trading New York, 14 May 2002 - FXall, the leading portal for online foreign exchange trading, today announced that ANZ, Bank of New Zealand, Barclays Capital, Brown Brothers Harriman, Danske Bank, ING Financial Markets, Jyske Bank, Merrill Lynch, National Australia Bank, Nordea and SEB Merchant Banking have all integrated with FXall as liquidity providers. FXall's complete integration to the automated price making capability of its providers enables clients to receive a price from FXall within three seconds 90 percent of the time. It was also announced that FXall now has more than 200 corporations and asset managers signed for trading. The majority of these customers are already executing live trades on the portal. "Clearly FXall has gained momentum as liquidity providers integrate on their platform," said John Graham, Partner at Rogge Global Partners, adding, "Customers seek maximum transparency and tightness of pricing. This can only be achieved through full integration with the widest range of banks. FXall has been a leader in providing this multibank integration." Following today's announcement, FXall has integrated 34 of its 55 liquidity providers - providing customers with a single point of access to all of their major dealing relationships. Collectively, FXall's 34 integrated liquidity providers account for more than 80 percent of all foreign exchange traded according to Euromoney's 2002 rankings. Today's announcement also follows the recent results of Global Investor's "2002 Foreign Exchange Survey" of 384 buy-side institutions. Of those respondents using, or planning to use, a multi-bank platform a total of 41.08 % selected FXall. Global Link was selected by 30.81 % of respondents, whilst Currenex received 2.44 % of the votes. FXall offers its trade execution and Information Center services free to buy-side clients. Phil Weisberg, CEO of FXall, said, "I am delighted to welcome our new liquidity providers and customers. At FXall, we recognise that the only viable solution for foreign exchange trading is one that brings customers and banks together in a completely integrated solution. We will continue to innovate and improve for the benefit of all participants in the foreign exchange market." For further information, please contact: Andrea Coleman FXall - Public Relations +44 20 7173 9631 Notes to Editors About ANZ Investment Bank ANZ Investment Bank is a division of the Australia and New Zealand Banking Group, a top 100 bank globally, carrying a Standard & Poor's long-term rating of AA- and a Moody's credit rating of Aa3. Its global foreign exchange and commodities business is an established leader in the international financial markets with a network spanning Australia and New Zealand, Asia Pacific, Europe and North America. As one of the first banks to offer online FX trading to corporate and institutional clients, ANZ launched its proprietary single portal, anz.com FX Online, in September 1998. It now has over 1,500 users connected to this web based service and through its pioneering approach to eFX, has developed leading edge expertise in FX online trading systems. ANZ is committed to maintaining its close consultation with clients on their eFX needs, whether in the single or multi-bank eFX environment. About Bank of New Zealand Bank of New Zealand is a full service commercial bank, operating throughout New Zealand, with total assets of USD15.36bn. It is a wholly owned subsidiary of National Australia Bank Ltd ('the National') and carries a long term credit rating of AA (Rating assigned by Standard & Poors (Australia) Pty Ltd). Through its tailored approach to customer service and product design and delivery, Bank of New Zealand has built an enviable business market share in all customer segments. Within the Wholesale markets it is recognized as a leading provider of foreign exchange price-making services, by clients and correspondent banks, both onshore and internationally. With a core competency in Australasian currency dealing, the Bank of New Zealand operates as a center of excellence for the global affiliates of the National group. Its research is highly valued and reflects the Bank's extensive involvement in the wider New Zealand economy together with a well-developed understanding of the levers that drive the international currency markets. About Barclays Capital Barclays Capital is the investment banking division of Barclays Bank PLC, which has a Ł357 billion balance sheet, capital resources of more than Ł25 billion and an AA credit rating (as at 15 February 2002). Headquartered in London, Barclays Capital has an international network of offices and approximately 5,700 employees globally. Barclays Capital is debt focused, providing its clients with a broad range of financing and risk management products. Barclays Capital acts internationally as intermediary and adviser to corporations, financial institutions, governments and supranational organizations, and has the global reach and distribution power to meet the needs of issuers and investors worldwide. Barclays Capital provides a full range of foreign exchange products, tailored to the specific needs of global clients and supported by service of the highest quality from its foreign exchange professionals. Barclays Capital is a committed market maker in the global foreign exchange markets. It is a leading player in the global spot, forward and options markets, and deploys specialist foreign exchange teams in six main global centres: London, New York, Tokyo, Singapore, Hong Kong and Mumbai. This allows it to provide an integrated approach across time zones with consistent, seamless coverage. About Brown Brothers Harriman Foreign Exchange BBH FX, whose history dates back to the 1890s, focuses purely on partnership with global investors, helping them capture high-growth opportunities in today's FX trading arena. This renowned partnership with global investors has resulted in BBH being voted one of the top FX providers in a number of industry surveys. With execution and research capabilities covering over 75 markets, BBH FX delivers the global reach and country-specific insight clients need to make smarter, faster FX decisions 24-hours a day. BBH FX unites foreign exchange expertise with innovative technology, superior client relationship management and world-class research giving today's global investors the tools to maximize profits, minimize risk, and drive the value of their portfolios to new heights. About Danske Bank Danske Bank is the largest bank in Denmark and a leading player in the Scandinavian financial markets. Danske Bank Group, which encompasses Danske Bank, BG Bank, Realkredit Danmark and a number of subsidiaries, offers a wide range of financial services, including insurance, mortgage finance, asset management, brokerage, credit card, real estate and leasing services. Danske Markets is the trading entity of Danske Bank covering foreign exchange, money markets, fixed income, debt capital markets, derivatives and research. Danske Markets and its staff of more than 350 people operates in Copenhagen, London, Stockholm, Oslo, Helsinki and New York. Danske Markets has a strong tradition in foreign exchange trading and is one of the leading Northern European institutions. On account of the Bank's deep roots in the Nordic area, trading in Scandinavian currencies is a core competence of the bank combined with a commitment to providing its clients with complete access to the global foreign exchange markets. Danske Markets offers 24-hours foreign exchange trading. About ING Financial Markets ING Group is a global financial institution of Dutch origin offering banking, insurance and asset management to over 50 million private, corporate and institutional clients in 65 countries. With a diverse workforce of over 110,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand. ING Financial Markets - together with Investment Banking and Corporate Financial Services - form ING's Wholesale division, providing integrated financial markets products and solutions to targeted corporate and institutional clients. The main product lines of ING Financial Markets include sales, trading and research in: Equity Markets, Debt Markets, FX, Money Markets & Derivatives. We also focus on Structured Products, providing value-added solutions to meet our customers' specific needs. Debt Capital Markets and Equity Capital Markets activities are jointly managed with Corporate Financial Services and Investment Banking respectively. About Jyske Bank With 3,394 employees, Jyske Bank is the second-largest independent bank in Denmark. We are owned by 200.000 shareholders. Our aim is to make Jyske Bank Denmark's most customer-oriented bank. Accordingly, it is our vision to be the financial institution which provides the highest level of personal financial advice, and one which takes a genuine interest in our customers. Jyske Bank has been active in foreign exchange for more than 20 years - we run a 24 hours desk out of Silkeborg since 1990 and are one of the leading market makers in SEK, NOK and DKK. About Merrill Lynch Merrill Lynch is one of the world's leading financial management and advisory companies, with offices in 38 countries and total client assets of approximately $1.4 trillion. As an investment bank, it is a leading global underwriter of debt and equity securities and strategic advisor to corporations, governments, institutions and individuals worldwide. Through Merrill Lynch Investment Managers, the company is one of the world's largest managers of financial assets. For more information on Merrill Lynch, please visit www.ml.com About National Australia Bank The National Group is a major player in global FX Markets. We provide 24 hour coverage via our major centers in Sydney, Melbourne, Wellington, Singapore, London and New York. We specialize, and are major market makers in: Aud, Nzd, Stg and offer a very strong service in Asian Markets including NDF's. This is coupled with a very strong presence in all major currencies. We supplement pricing and service quality with bespoke pre-trade economic and currency analysis and superior post trade standards. We offer the full product suite including FX Options, Vanilla and Exotic, as well as structuring teams for complex transactions. National Australia Bank is the largest financial services institution, by market capitalization, listed on the Australian Stock Exchange Limited and in the July 2001 edition of Fortune 500 was listed as the 20th largest financial services company in the world by profitability and 47th by revenues. About Nordea Nordea is the largest financial services group in the region with approximately EUR 253 billion in total assets. Nordea is a world-leading Internet banking and e-commerce operation with almost 3 million customers. Nordea has significant positions in Nordic banking markets: 40 per cent in Finland, 25 per cent in Denmark, 20 per cent in Sweden and 15 per cent in Norway. Nordea has the largest customer base of any financial services group in the region, including 9,7 million personal customers, 1 million corporate customers and 500 large corporate customers. It is a leading asset manager in the Nordic financial market with EUR 108 billion (including private banking) under management. Nordea has the most comprehensive distribution network in the region including 1,245 bank branch offices, 125 insurance service centres and leading telephone banking and Internet services. About Rogge Global Partners Rogge Global Partners (Rogge) was founded in 1984 and was one of the earliest companies to offer dedicated global fixed income management to institutional investors around the world. Today, it is one of the most trusted and respected fund management houses in the specialist area of global fixed income investing. From their pioneering days of global bond investing, Rogge has extended their range of services to include investment in the specialist areas of emerging and corporate debt markets. These continue to be value added investment programmes for their clients. Rogge has US $5.7 billion funds under management (as of 31/02/2002). For more information, please visit Rogge's website: www.rogge.co.uk About SEB Merchant Banking SEB is a European financial group for companies and private individuals. SEB has a total of 675 branch offices in Sweden, Germany and the Baltic countries and a total of 4 million customers, including 1 million Internet clients. SEB Group has SEK 1,163 billion in total assets and SEK 871 billion in assets under management. The Group has 20,800 employees. Read more about SEB at www.seb.net About FXall: FXall is an electronic trading platform offering customers foreign currency trade execution, access to research and straight through processing. FXall was launched as a fully automated portal on 10 May, 2001. FXall's comprehensive functionality includes easy multi-bank 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. FXall has won the following awards: May 2002 - voted best overall multi-bank portal for research, for trading, and for straight through processing in the "Euromoney Forex Poll 2002". March 2002 - ranked number one multibank portal by Global Investor's "Foreign Exchange Survey 2002". December 2001 - best multibank FX trading portal, as voted by institutional voters surveyed in FX Week's "Best Banks in FX Awards 2001". November 2001 - best multibank site for FX, in Euromoney.com's "Internet Awards 2001". There is no fee to transact for customers and other price takers at FXall. More than 55 banks have agreed to provide liquidity on FXall. FXall's fully integrated liquidity providers now include: ABN AMRO ANZ Investment Bank Bank of America The Bank of New York Bank of New Zealand Bank of Tokyo-Mitsubishi Barclays Capital BNP Paribas Brown Brothers Harriman CitiFX Credit Agricole Indosuez CSFB Danske Bank Deutsche Bank Dresdner Kleinwort Wasserstein FleetBoston Financial HSBC ING Financial Markets JPMorgan Jyske Bank Lehman Brothers Mellon Financial Corporation Merrill Lynch Morgan Stanley National Australia Bank Nordea Royal Bank of Canada The Royal Bank of Scotland SEB Merchant Banking Standard Chartered Bank UBS Warburg UFJ Bank Limited Westpac Under the European Union's uniform regulatory directives, the FSA is FXall's principal supervisory regulator for business in the EU. FXall has SAS 70 certification. FXall has offices in New York, London, Tokyo and Hong Kong. FXall is an independent company with its own board of directors and management team. FXall's Customer Advisory Board numbers 29 corporations and institutional investors. Further information on FXall is available at www.fxall.com