  Thank you from Phil Weisberg, CEO, FXallFXall would like to thank our clients for continuing to use FXall as your venue of choice during this period of uncertainty in the financial markets. FXall holds a unique position in a landscape where liquidity is shifting rapidly. We provide the broadest range of foreign exchange execution methods - both relationship and anonymous trading - to fulfill trade requirements in all market conditions. In addition we provide the most advanced workflow and compliance tools which have helped make FXall an ideal partner to navigate these turbulent markets. In times of uncertainty, capital security and profitability are clearly important attributes. FXall has been profitable since 2004 and we have continued to manage our business conservatively, as we have since inception. Our strong capital position is one of significant cash with no debt. With the recent addition of our Sydney office we have more than 150 professionals serving clients across five countries and I expect this number to grow throughout 2009 as we accelerate the development of our capabilities. We have chosen to remain independent and not act as a principal to ensure we always put our clients first. At FXall there is no doubt where our interests lie - 100% of our efforts are devoted to helping clients achieve better results. Our customers expect the best in client support and reliability and we continue to make material investments in those areas in order to meet and exceed your expectations as we grow. We believe that our achievements are a result of listening to our customers and developing our capabilities accordingly. Your feedback ensures we can continue to build services that enable you to execute "FX your way." We are committed to investing in product development and will be reaching out to you shortly with several new initiatives that will offer you advanced trading capabilities and collaboration to enhance your execution performance. As ever, if you would like to discuss any initiatives that would benefit your organization or our FX community, please do contact a member of our team directly. Back to headlinesFXall User Groups - "FX Your Way"FXall hosted three User Group events during November, which included events in London on the 6th, Boston on the 13th and California on the 20th. The purpose of these events was for key industry figures to update clients regarding current market conditions and initiatives, plus provide any product development updates. 80 clients attended the London event, which included presentations from key speakers at Diageo, Pfizer, Marex, JPMorgan, RBS, Credit Suisse and Goldman Sachs. The concluding session was a panel on 'Applying best practice in today's market' which consisted of speakers from Treasury Strategies, ADM and Société Générale, moderated by Keith Hill from FXall. The second user group took place in Boston on the 13th of November, with a good mix of 27 clients and prospects in attendance. This half day session included topics such as best execution, netting exposures, Quick EMS and FX TCA, plus a guest speaker from Goldman Sachs . On the 20th November, the final user group event was held in Palo Alto, California. The meeting was attended by 53 clients and prospects from some of the leading corporations and asset managers in America. Panel sessions included speakers from HP, Bechtel, Varian Medical Systems and Treasury Strategies which were moderated by Jim Downey from FXall. The audience was very engaged in the discussion, suggesting new enhancements and commenting on various panel topics with their peers. Thanks to everyone who participated. We hope that you found these sessions useful and informative. Back to headlinesSpot & Roll and Benchmark FixingsFor those that missed our client User Groups in November, you can find out about some of the new functionality we discussed by watching our training videos. To learn about Benchmark Fixings on QuickOMS, go to: http://s2.netro.ca/fxallod/20080206142372-02.wmv. For Spot & Roll information, go to: http://s2.netro.ca/fxallod/20080516111113.wmv. Back to headlinesFXall Wins Key Industry AwardsFXall's leadership has been achieved by continuous and heavy investment in the technology and infrastructure to support the demands of a growing FX market. Phil Weisberg, CEO at FXall, said: "We are proud to have the support of the market and will continue to use consistent revenue growth to drive ongoing investment in product development, client support and the highest levels of systems reliability." FXall offers a comprehensive suite of FX trading products that offer either a standalone solution or combined multi-product functionality. FXall will continue to develop new and existing products that complement its extensive range of services that, together or in isolation, achieve the best results for clients. We appreciate your support for the numerous industry commendations we received this year:
Jerry Putnam and Eddie Wen Join FXall's Board of DirectorsFXall is pleased to announce that Jerry Putnam and Eddie Wen have joined its Board of Directors, adding a wealth of experience to the company as it continues to drive innovation in the market. Jerry Putnam is currently a Senior Advisor to NYSE Euronext and was previously President and Co-Chief Operating Officer of NYSE Group, where he was responsible for the Group's market operations, technology initiatives, new products, and information business. Prior to joining NYSE Group, Putman founded and served as Chairman and CEO of Archipelago, the electronic exchange. Eddie Wen is a Managing Director at J.P.Morgan and the Global Head of FX eCommerce. Before joining J.P.Morgan, he was the head of Quantitative and Algorithmic Trading Strategies at Goldman Sachs, where he was responsible for electronic FX trading for the business. In addition, Matt Frymier and Ray Kamrath were re-elected to the Board. Frymier is a Managing Director and Head of the Strategic Investments Group (SIG) at Bank of America, and Kamrath is a Managing Director at Goldman Sachs in Fixed Income, Commodity and Currency Division. Phil Weisberg, Chief Executive Officer of FXall, commented: "We are delighted to welcome Jerry and Eddie to the board. Together they bring an outstanding track record of leadership in electronic trading and a comprehensive understanding of the issues facing traders in today's market. The insight they bring will be of great value as FXall continues to innovate and invest in its technology in order to maintain its leadership position and to enhance the service it provides to the global foreign exchange market." Jerry Putnam said: "I am very pleased to be joining the board of FXall at such an exciting time for both the company and the industry. The global foreign exchange market is at a critical juncture in its development as investors begin to truly embrace FX as an asset class. I believe that they will be best served by FXall, which clearly recognizes, understands and appreciates the unique qualities of the FX market". Eddie Wen said: "FXall has a strong history of effectively balancing the needs of all the participants in the global foreign exchange market and its commitment to client service has always distinguished it from the competition. I am delighted to be joining the board at this time and look forward to working with the company as it continues on its impressive growth trajectory." Back to headlines
|