FXall Press Release

FXALL TRADING VOLUMES REACH $13.4 TRILLION IN 2007

7 January 2008 - FXall, the world's leading foreign exchange platform, today announced record annual trading volumes of over $13.4 trillion in 2007. Trading activity highlights include:

• Volumes increase 37% year-on-year.
• Daily volume surpasses $98bn in the fourth quarter.
• Growth in trading volumes continues to be driven by new client activity, in particular from the investment community, which now accounts for over 50% of volume traded over FXall.

The record volumes coincide with the Bank for International Settlements (BIS) report released in December 2007 which highlights a number of key drivers for FX market growth. Significant expansion has taken place in the dealer to customer market as buy-side and corporate participants capitalize on the value in the FX market for either hedging or investment purposes. Diversification by investors with a long term vision, such as pension funds, and increasing turnover in emerging market currencies have all led to growth in trading volume in 2007.

The growing role of algorithmic trading in the financial segment of the market, which accounted for half of the increase in total turnover over the past three years, is also seen as an important driver for rising volumes. Accelor, FXall's anonymous FX Electronic Communication Network (ECN), is at the vanguard of technology designed to meet the needs of the algorithmic trader, and was launched in 2007 to anticipate and respond to the evolution of this rapidly developing market.

Increasing focus on best execution and control and compliance has also been a factor in the growth in trading volumes over FXall as institutional FX traders, including asset managers, banks, broker-dealers, hedge funds and corporations embrace electronic trading as the execution method of choice. FXall is an industry leader in providing multiple methods to achieve best execution and a full audit trail for control and compliance and is constantly developing innovative products and services to meet the increasing demands of customers.

Phil Weisberg, Chief Executive Officer of FXall, said: "FXall holds a leading position in the institutional FX trading space and these figures reflect our commitment to innovation and investment throughout our range of products and services. FX trading is a constantly evolving landscape, and with volumes continuing to rise there has been a sustained increase in demand for online platforms that offer a complete electronic solution. We look forward to ongoing growth in 2008 as we continue to meet the demands of increasingly complex participants and strategies".

About FXall

• FXall is the leading provider of automated trading and workflow solutions for FX and treasury, offering trade execution, workflow tools, control and compliance 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).

FXall, FXall Trading, Accelor, Accelorate, Settlement Center, Market Insight, QuickConnect, QuickFill, QuickOMS, QuickTrade and all associated logos are the trademarks of FX Alliance LLC.

For more information on FXall, visit www.fxall.com.

For more information on Accelor, visit www.accelortrading.com.