FXall Notice

FXALL WINS THE EUROMONEY TECHNOLOGY AWARDS FOR THE THIRD YEAR IN A ROW

Awarded 'Best multibank dealer to client FX trading platform'

New York, 7 November 2003 - Euromoney.com announced that FXall has been awarded 'Best multibank dealer to client FX trading platform' for the third year in a row. The award, which forms part of the Euromoney.com Technology Awards for 2003, was based on a comprehensive review of the best sites in foreign exchange trading. In FXall's category, portals were measured according to functionality and strategic fit with market requirements.

This is the fifth major industry award that FXall has won in 2003, a year which has seen FXall's client base grow to more than 600 institutions following the successful roll out of Settlement Center. Settlement Center is an independent service that automates the entire back-office workflow between banks, and between banks and customers.

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 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 eight major awards, including all three multibank categories in the Euromoney Forex Poll 2003 for the second year in a row in May 2003.
• There are 44 leading financial institutions providing liquidity over FXall - the most of any multibank portal.
• FXall has more than 600 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
• Citigroup
• Commonwealth Bank of Australia
• Credit Agricole Indosuez
• CSFB
• Danske Bank
• Deutsche Bank
• Dresdner Kleinwort Wasserstein
• FleetBoston Financial
• Fortis Bank
• Goldman Sachs
• Handelsbanken Capital Markets
• HSBC
• HVB Group
• 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
• UFJ Bank Limited
• Wachovia Corporation
• WestLB
• Westpac
• Key Bank has joined the group of 45 bank branches that are now confirming trades on Settlement Center
• ABN Amro, Bank of America, Barclays Capital, BNP Paribas, Credit Agricole Indosuez, CSFB, Dresdner Kleinwort Wasserstein, HSBC, Lehman Brothers and The Royal Bank of Scotland have joined FXall's industry solution for prime brokerage.
• FXall has offices in New York, London, Tokyo, Singapore 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).