FXall Press Release

FXALL GOES LIVE WITH ACCELOR - A POWERFUL NEW FOREIGN EXCHANGE ECN FOR PROFESSIONAL MARKET PARTICIPANTS

26 February 2007 - FXall today announced that it has gone live with Accelor, the next-generation foreign exchange ECN for all professional market participants. With this launch, Accelor sets a new standard in foreign exchange trading, combining anonymous ECN functionality with advanced technical architecture and comprehensive market data to meet the needs of the most demanding professional FX traders.

Accelor is now live with the first wave of participants and is currently being rolled out to the market. These include some of the world's largest financial institutions, from banks to hedge funds and asset managers. This established community of diverse participants means more natural interest, ensuring deep liquidity and consistent pricing under all market conditions.

The system supports a variety of trading styles and execution methods, and offers a wide range of advanced order types. Its high-speed matching engine has been architected for minimal latency, with orders acknowledged within 3 milliseconds and filled within 20 milliseconds. Orders are processed according to transparent business rules, ensuring equal access for all participants.

This is backed up by the most comprehensive market data available - including full depth of book, completed trade information and historical data - enabling users to make more informed trading decisions. Accelor is complemented by FXall's extensive range of trading and post-trade services - including forwards, swaps, NDFs and trade splits and rolls - offering users a complete solution for FX trading and workflow.

Phil Weisberg, CEO of FXall, said: "As a leading independent provider of FX solutions, FXall is committed to developing services that benefit the entire FX trading community. We believe that Accelor marks a real step forward in FX trading. For the first time, all market participants have access to an efficient, liquid ECN which can be used alongside FXall's relationship-based trading services, delivering clients the flexibility to switch between relationship and anonymous dealing according to trading requirements."

Accelor has already attracted support from many of the industry's leading banks, prime brokers and broker-dealers:

Martin Spurr, Head of eMarkets and Client Solutions at RBS, said: "As a leading FX bank, RBS is delighted to be participating in Accelor both as a direct participant and a prime broker. Technology and the structure of a market, including the availability of data, will be critical factors in the success of initiatives such as Accelor in this highly competitive landscape. RBS has been a strong supporter of FXall since its inception and has always been impressed with the quality of its people, technology and support. We therefore fully expect Accelor to become a significant source of liquidity for RBS, our clients and the market."

Hamish McLoughlin, Global Head of Foreign Exchange, Rabobank, said: "Accelor addresses a real demand in the market for an ECN that delivers extremely low latency combined with deep liquidity and comprehensive market data. FXall has already demonstrated its ability to transform the way FX is traded through the success of its relationship trading services. We expect Accelor to have a similar impact on the ECN space".

Kenneth Steengaard, Head of E-markets, Nordea, said: "We are excited to be part of this new initiative from FXall and look forward to bring a Nordic perspective into the future pool of liquidity. Nordea is constantly seeking to develop the FX trading landscape to better serve our customers and facilitate trading in the currencies where we have natural interests. The focus on FX trading with hedge funds and high frequency investors is rapidly increasing and we are happy to be able to expand our relationship with FXall to improve execution for this segment of the market".

Farooq Muzammal, Head of Foreign Exchange, Marex Financial, said: "MAREX clients already benefit from the market-leading trading and post-trade tools available over FXall's relationship-trading services, QuickTrade and QuickFill. We are very excited to extend the range of services we offer them with the addition of Accelor".

Lars Holst, Head of E-FX Sales, Dresdner, said: "We are pleased to have been involved in building an ECN that we believe will set a new standard in FX trading, and look forward to participating in Accelor as a direct participant."

Gavin Hill, European Head of FX Prime Brokerage, ABN-AMRO, said: "As a leading prime broker, ABN AMRO is looking forward to providing credit intermediation services over Accelor."

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).

FXall, Altair, QuickFill, QuickOMS, QuickConnect, and all associated logos, are the trademarks of FX Alliance LLC.