FXall Notice

FXALL IS 'BEST MULTIBANK FX TRADING PORTAL' IN FX WEEK SURVEY

Wins in all three categories

New York, 18 November 2002 – FXall has been voted "Best Multibank FX Trading Portal" in FX Week's comprehensive survey of more than 1,000 participants. FXall was selected the number one portal in all three categories of voters - banks, institutional investors, and corporations.

Phil Weisberg, Chief Executive Officer of FXall, said, "We are very pleased to have won this award. It clearly reflects the broad appeal of FXall's industrial strength solution. Fundamentally, what all foreign exchange clients want is an independent and open model that brings together state of the art technology, integration, and the tightest pricing from the widest range of banks. FXall has the complete solution mapped out."

Earlier this month, it was also announced that FXall has been voted 'Best Multibank FX Portal' in the 2002 Euromoney.com Internet Awards for the second year in a row.

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.
• In the past year FXall has won the following awards:
• November 2002 - 'Best Multibank FX Portal' in the 2002 Euromoney.com Internet Awards.
• October 2002 - recognized as 'Best of the Web' by Forbes magazine.
• June 2002 – ranked number one in Global Investor's e-Forex Road Test of FX platforms by 5 leading asset managers.
• 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 Customer Advisory Board numbers 32 corporations and institutional investors.
• As of October 2002, FXall has more than 375 customers signed for trading.
• FXall's fully integrated liquidity providers now include:
• ABN AMRO
• AIG International, Inc.
• ANZ Investment Bank
• Bank of America
• The Bank of New York
• Bank of New Zealand
• Bank of Tokyo-Mitsubishi
• Bank One
• Barclays Capital
• BNP Paribas
• Brown Brothers Harriman
• CitiFX
• Credit Agricole Indosuez
• CSFB
• Danske Bank
• Deutsche Bank
• Dresdner Kleinwort Wasserstein
• FleetBoston Financial
• Fortis Bank
• Goldman Sachs
• HSBC
• HypoVereinsbank
• ING Financial Markets
• JPMorgan
• Jyske Bank
• Lehman Brothers
• Mellon Financial Corporation
• Merrill Lynch
• Morgan Stanley
• National Australia Bank
• Nordea
• Northern Trust
• PNC Bank
• 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 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).