FXall Press Release

FXall selected as multi-bank portal of choice in Global Investor survey

New York, 12 March 2002 - FXall has confirmed its position as the leader among multi-bank portals in a comprehensive survey by Global Investor, published in the March edition of the magazine.

Global Investor - the leading magazine for institutional investors, intermediaries and fund managers globally - asked 384 financial institutions which platform they are using, or are planning to use.

A total of 41.08 % of respondents selected FXall - up from 16.89 % last year. Global Link was selected by 30.81 % of respondents, and Atriax received 25.67 % of the total votes. Currenex received 2.44 % of the votes.

An editorial in Global Investor concluded:
"Among the multi-bank portals, FXall has opened up a clear lead on the competition." FXall also won the the 2001 Euromoney.com award for 'Best Multibank Site for Foreign Exchange' and was selected the number one multi-bank portal for foreign exchange as voted by institutional buy-side clients polled by FX Week.

Click here to read the complete article and the full survey results.

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
• FXall was selected best multibank site for foreign exchange by Euromoney.com
• 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