FXall Press Release

fxall delivers the best technology to customers

Wins 'Technology to the Buy-Side' award from The Banker

London, 3 June 2003 - FXall, the global portal for electronic foreign exchange trading, has won the award for 'Technology to the Buy-Side' in the 'The Banker Technology Awards 2003'.

The Banker received several hundred entries for the inaugural Technology Awards which recognise innovation and success in financial technology over the past 12 months. FXall is the stand-alone winner in the 'Technology to the Buy-Side' category with no other highly commended mentions.

Philip Weisberg, CEO of FXall, commented, "I am delighted to receive this award. The performance and reliability of our technology is what has enabled us to deliver a fully automated solution for forex workflow. As a result, more than 500 institutions around the world are now re-engineering the way they trade foreign exchange, transferring large volumes away from the telephone and onto FXall's electronic system. We now look forward to leveraging our robust infrastructure - bringing the benefits of automation to money markets and prime brokerage."

In the past year, FXall has won 8 major industry awards, most recently topping the Euromoney forex poll for the second year in a row, and securing the top spot in Global Investor's 'Foreign Exchange Survey 2003'.

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:
• May 2003 - wins all three multibank categories in the Euromoney Forex Poll 2003 for the second year in a row.
• April 2003 - voted 'Best Multibank Portal (FX)' in Profit & Loss Digital FX Awards 2003.
• March 2003 - ranked number one multibank portal by Global Investor's Foreign Exchange Survey 2003.
• 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 - recognised 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.
• There is no fee to transact for customers and other price takers at FXall.
• There are 43 leading financial institutions providing liquidity over FXall - the most of any multibank portal.
• The vast majority of FXall's providers are fully integrated with automated rate engines and straight through processing.
• FXall’s Customer Advisory Board numbers 32 corporations and institutional investors.
• FXall has more than 500 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
• Citigroup
• 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, Singapore 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).