FXall Press Release

FXall scoops victory in largest ever FX poll conducted by Euromoney

Voted best overall multi-bank portal for research, for trading, and for straight through processing

New York, 14 May 2002 - FXall has been voted best overall multi-bank portal for research, for trading, and for straight through processing in the Euromoney Forex Poll 2002.

Euromoney asked 4,000 treasurers, senior executives and research analysts worldwide to rate the portals they use for currency transactions. FXall was awarded the top multi-bank spot in three separate categories: research, trading and straight through processing.

This year's Euromoney survey is the biggest ever conducted by the magazine - providing a uniquely comprehensive view of how financial institutions across the globe measure up against the competition.

Mark Warms, Chief Marketing Officer of FXall, said: "When we launched FXall in May last year, our aim was clear: we would provide customers with full automation for the entire deal lifecycle. Since then, we have delivered on our promises. Our key goal now is to further accelerate the rapid take-up of FXall's leading system, and win further market share against our main competitor - the telephone."

Earlier this year, FXall was also selected as multi-bank portal of choice in Global Investor's annual survey of 384 financial institutions. In addition, FXall was selected best multibank FX trading portal as voted by institutional voters surveyed in FX Week's "Best Banks in FX Awards 2001". In November 2001, FXall was selected best multibank site for FX, in Euromoney.com's "Internet Awards 2001".

FXall has more than 30 banks fully integrated with the portal. In addition, more than 200 companies and asset managers are signed for trading with FXall - the majority of which are already trading live on the portal.

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 center.
• FXall has won the following awards:
• May 2002 - voted best overall multi-bank portal for research, for trading, and for straight through processing in the "Euromoney Forex Poll 2002".
• March 2002 - ranked number one multibank portal by Global Investor's "Foreign Exchange Survey 2002".
• December 2001 - best multibank FX trading portal, as voted by institutional voters surveyed in FX Week's "Best Banks in FX Awards 2001".
• November 2001 - best multibank site for FX, in Euromoney.com's "Internet Awards 2001".
• There is no fee to transact for customers and other price takers at FXall.
• More than 55 banks have agreed to provide liquidity on FXall.
• FXall's fully integrated liquidity providers now include:
• ABN AMRO
• ANZ Investment Bank
• Bank of America
• The Bank of New York
• Bank of New Zealand
• Bank of Tokyo-Mitsubishi
• Barclays Capital
• BNP Paribas
• Brown Brothers Harriman
• CitiFX
• Credit Agricole Indosuez
• CSFB
• Danske Bank
• Deutsche Bank
• Dresdner Kleinwort Wasserstein
• FleetBoston Financial
• HSBC
• ING Financial Markets
• JPMorgan
• Jyske Bank
• Lehman Brothers
• Mellon Financial Corporation
• Merrill Lynch
• Morgan Stanley
• National Australia Bank
• Nordea
• Royal Bank of Canada
• The Royal Bank of Scotland
• SEB Merchant Banking
• Standard Chartered Bank
• UBS Warburg
• UFJ Bank Limited
• Westpac
• Under the European Union's uniform regulatory directives, the FSA is FXall's principal supervisory regulator for business in the EU.
• FXall has SAS 70 certification.
• FXall has offices in New York, London, Tokyo and Hong Kong.
• FXall is an independent company with its own board of directors and management team.
• FXall's Customer Advisory Board numbers 29 corporations and institutional investors.

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