FXall Notice

FXALL WINS THE INAUGURAL FX WEEK e-FX AWARDS

Awarded 'Best multi-bank FX trading platform'

New York, 13 July 2004 - FXall has been awarded 'Best multi-bank FX trading platform' in the inaugural FX Week e-FX awards.

This follows a string of awards including winning 'Best multi-bank FX portal' at the overall FX Week Awards two years in a row, and being ranked the number one multi-bank portal in the Euromoney forex poll for three years in a row.

FXall is the market leading portal for global foreign exchange trading - currently in use by more than 700 buy-side institutions and 50 banks. 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 the leading portal for online foreign exchange trading, offering customers foreign currency trade execution, access to research and straight-through processing. By combining streamlined workflow, competitive FX prices and a complete audit trail, FXall delivers improved control procedures and cost savings at every stage of the deal lifecycle.
• As of March 2004 FXall has more than 700 customers signed for trading. There are more than 50 integrated banks providing services over FXall - the most of any multibank portal - and monthly volume reached $413 bn, representing an average of $18 bn per day.
• FXall provides customers with the ability to meet best practice guidelines proscribed by regulatory bodies - for more information visit: http://www.fxall.com/about/BestPracticeFX.pdf
• FXall is an independent company with offices in New York, London, Tokyo and Singapore.

The FXall product range:

FXall Trading
FXall Trading is fully integrated to more than 50 banks, delivering fast, tight and unbiased market prices that track the market in real time. Users benefit from fully automated pricing and execution on more than 190 currency pairs. FXall Trading can be integrated directly into treasury and portfolio management systems.

Settlement Center
Settlement Center speeds up processing and reduces administration by automating the complete transaction lifecycle, from dealing to confirmation and settlement preparation. Settlement Center now includes a prime brokerage solution that automates give-up messaging.

Market Insight
Market Insight combines prices from FXall's 50 banks to produce the highest quality real-time quotes in the market, and also provides easy access to in-depth research reports from banks, news, market data, and an interactive trading and economic calendar.

QuickConnect
QuickConnect is FXall's industry-standard STP solution. By translating between the multitude of public and proprietary message formats, it seamlessly automates workflow between FXall and clients' treasury and portfolio management systems.

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).