FXall Notice

FXALL WINS THE FX WEEK AWARDS FOR THE SECOND YEAR IN A ROW

Awarded 'Best multibank FX portal'

New York, 24 November 2003 - FXall has been awarded 'Best multibank FX portal' in the 2003 FX Week awards for the second year running.

This follows the news that FXall has been awarded 'Best multibank dealer to client FX trading platform' for the third year in a row by Euromomey.com in their Technology Awards for 2003. In total, FXall has won 6 major industry awards this year.

FXall has more than 600 institutions signed for trading, approximately half of which are corporates. A total number of 45 banks provide liquidity to FXall. These banks and corporations alike benefit from a system that provides full automation for the entire transaction chain - from trading to confirmation and settlement of foreign exchange trades.

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.
• 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 45 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).