FXall Press Release

U.S. BANK JOINS FXALL

Nine new banks in 12 months expand network to more than 60

11 July 2005 - FXall, the world's leading foreign exchange platform, today announced that it has signed U.S. Bank as a liquidity provider, bringing the total number of providers on FXall to more than 60. Nine banks have joined the platform in the last 12 months.

Pat Noble, Senior Vice President and Foreign Exchange Manager, U.S. Bank, commented: "U.S. Bank provides foreign exchange services to clients across every market segment. FXall integrates us seamlessly to more top-tier clients than any other platform, enabling us to further grow our foreign exchange business."

Phil Weisberg, CEO of FXall, said: "FXall's provider network continues to grow as we roll out new solutions to help banks optimize their foreign exchange service. I am delighted to welcome U.S. Bank to FXall, and look forward to working with them to meet their clients' liquidity and workflow requirements."

The news comes as FXall announces a series of enhancements to Treasury Center, its market-leading suite of client relationship tools for banks.

About FXall

• FXall is the leading portal for online foreign exchange trading, offering customers foreign currency trade execution, access to research and straight through processing. By combining streamlined workflow, competitive FX prices and a complete audit trail, FXall delivers improved control and cost savings at every stage of the deal lifecycle.
• FXall provides customers with the ability to meet best practice guidelines prescribed by regulatory bodies - for more information visit: http://www.fxall.com/about/BestPracticeFX.pdf
• FXall is an independent company with offices in New York, London, Boston, Tokyo and Singapore.

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).

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