FXall Press Release
JERRY PUTNAM AND EDDIE WEN JOIN FXALL'S BOARD OF DIRECTORS
31 July 2008 - FXall, the world's leading foreign exchange platform, is pleased to announce that Jerry Putnam and Eddie Wen have joined its Board of Directors, adding a wealth of experience to the company as it continues to drive innovation in the market.
Jerry Putnam is currently a Senior Advisor to NYSE Euronext and was previously President and Co-Chief Operating Officer of NYSE Group, where he was responsible for the Group's market operations, technology initiatives, new products, and information business. Prior to joining NYSE Group, Putman founded and served as Chairman and CEO of Archipelago, the electronic exchange.
Eddie Wen is a Managing Director at J.P.Morgan and the Global Head of FX eCommerce, where he is responsible for strategy and for algorithmic proprietary trading within the franchise business. Before joining J.P.Morgan, he was the head of Quantitative and Algorithmic Trading Strategies at Goldman Sachs, where he was responsible for electronic FX trading for the business.
In addition, Matt Frymier and Ray Kamrath were re-elected to the Board. Frymier is a Managing Director and Head of the Strategic Investments Group (SIG) at Bank of America, and Kamrath is a Managing Director at Goldman Sachs in the Fixed Income, Commodity, and Currency Division. The other members of the FXall Board are Henry Feinberg and Robert Trudeau of FXall shareholder Technology Crossover Ventures (TCV), and Phil Weisberg, CEO of FXall.
Phil Weisberg, Chief Executive Officer of FXall, commented: "We are delighted to welcome Jerry and Eddie to the board. Together they bring an outstanding track record of leadership in electronic trading and a comprehensive understanding of the issues facing traders in today's market. The insight they bring will be of great value as FXall continues to innovate and invest in its technology in order to maintain its leadership position and to enhance the service it provides to the global foreign exchange market."
Jerry Putnam said: "I am very pleased to be joining the board of FXall at such an exciting time for both the company and the industry. The global foreign exchange market is at a critical juncture in its development as investors begin to truly embrace FX as an asset class. I believe that they will be best served by FXall, which clearly recognizes, understands and appreciates the unique qualities of the FX market."
Eddie Wen said: "FXall has a strong history of effectively balancing the needs of all the participants in the global foreign exchange market and its commitment to client service has always distinguished it from the competition. I am delighted to be joining the board at this time and look forward to working with the company as it continues on its impressive growth trajectory."
About FXall
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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.
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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
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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.
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For further information, please contact:
FXall
Telephone: +44 20 7173 9600
info@fxall.com
Nick Bone
Penrose Financial
Telephone: +44 20 7786 4878
Mobile: +44 7909 521293
nickb@penrose.co.uk
Robert Roessler
Penrose Financial
Telephone: +44 20 7786 4892
robertr@penrose.co.uk
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