FXall Press Release

fxall is number one multibank portal in global investor survey as electronic trading continues rapid growth

Wins prestigious award for second consecutive year

New York, 10 March 2003 - FXall, the electronic portal for global foreign exchange trading, has been voted the number one multibank portal in Global Investor's comprehensive FX Survey for 2003, receiving half of the total votes.

Global Investor polled 398 financial institutions, asking them which platform they are using, or planning to use. FXall received the most votes for the second year running - 49.5%, widening the margin over the second place finisher, Global Link, which received 36.8% of the vote. Currenex received 5.1% of the vote.

The survey also showed that respondents used electronic trading platforms for an average of 43.4% of all their foreign exchange trades - up from 40.8 % last year.

Phil Weisberg, Chief Executive Officer of FXall, commented, "This is a great recognition, and further proof of FXall's leadership among asset managers. It also reinforces what we are hearing from our clients and providers: FXall is the clear industry leader both in terms of volume and functionality. The premise of our success is our integrated solutions that appeal to asset managers and corporates alike."

In the past 18 months, FXall has won 9 different industry awards including 'Best Multibank FX Portal' in the 2002 Euromoney.com Internet Awards, and Forbes Magazine's 'Best of the Web' recognition in October 2002.

FXall also won Global Investor's road test of foreign exchange portals in 2002 in competition with State Street's multi-bank platform as well as the single dealer system of three leading banks.

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 center.
• In the past year FXall has won the following awards:
• November 2002 – voted 'Best Multibank Portal' in FX Week awards 2002.
• November 2002 – 'Best Multibank FX Portal' in the 2002 Euromoney.com Internet Awards.
• October 2002 – recognized as 'Best of the Web' by Forbes magazine.
• June 2002 – ranked number one in Global Investor's e-Forex Road Test of FX platforms by 5 leading asset managers.
• 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”.
• 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 Customer Advisory Board numbers 32 corporations and institutional investors.
• FXall has more than 400 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
• CitiFX
• Commonwealth Bank of Australia
• Credit Agricole Indosuez
• CSFB
• Danske Bank
• Deutsche Bank
• Dresdner Kleinwort Wasserstein
• FleetBoston Financial
• Fortis Bank
• Goldman Sachs
• 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
• SvenskaHandelsbanken
• UBS Warburg
• UFJ Bank Limited
• WestLB
• 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 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).