FXall Press Release

fxall wins 2001 euromoney.com award

Selected best multibank site for foreign exchange

New York, 2 November 2001 - FXall, the online portal for global foreign exchange trading, has won the 2001 Euromoney.com award for 'Best Multibank Site for Foreign Exchange'.

The Euromoney.com award was based on a selection of foreign exchange portals chosen for their leading functions and transactional features. The award was based on the following key criteria:

• Useful and unique functionality
• Volumes and take up
• Speed and ease of use

Phil Weisberg, Chief Executive Officer of FXall, said, "We are delighted to have won this prestigious award and feel that it is testimony to the breadth and quality of the functionality that FXall has delivered. Ours is a complete model that benefits the entire foreign exchange market. This is what makes FXall different."

Peter Nielsen, Global Head of Sales and Distribution, The Royal Bank of Scotland, said, "This award confirms what our clients have been telling us for some time: FXall is the market leader. Their superior functionality and proven technology puts them in a different league to other portals. Going forward, it is clear that FXall has the strategy, the management and the depth of ownership necessary for long-term success."

Ian Williams, Head of Fixed Income and Foreign Exchange Trading at Barclays Global Investors, Europe, said, "Congratulations to FXall on this prestigious award. BGI's strategy is to find e-commerce solutions that benefit buy-side investors. BGI will continue to work with bond and foreign exchange portals to achieve this goal. FXall's success has been founded on delivering what clients want. Through our participation as a member of the Customer Advisory Board the requirements from members have been for the tightest pricing, delivery of research and, above all, true straight through processing - FXall provides it all."

Euromoney.com
Click here for more information on 'Winner takes all'

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 centre
• There is no fee for transactions and access to research for customers and other price takers at FXall
• 55 banks have agreed to provide liquidity on FXall
• Under the European Union's uniform regulatory directives, the FSA will be FXall's principal supervisory regulator for business in the EU
• FXall has offices in New York, London, Tokyo and Hong Kong

Further information on FXall is available at www.fxall.com

FXall milestones

October

• FXall and Trema go live with Straight Through Processing
• FXall joins up with Radianz
• FXall launches partner Channel with 19 vendors ensuring end-to-end integration with portfolio and treasury management systems

September

• FXall attracts new investment from Credit Agricole Indosuez and Standard Chartered Bank, and increase of investment by BNP Paribas and The Royal Bank of Scotland.
• FXall opens Hong Kong office and receives approval from the Hong Kong Monetary Authority.

June

• FXall launches second generation research portal, giving customers access to a comprehensive collection of leading quality research through a single sign-on, and defines free pricing policy.

May

• FXall goes live with a fully automated portal.