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TAIPEIBANK Invests in the Future

Philadelphia, March 11, 2002 - FNX Limited (FNX), a leader in delivering financial technology solutions to the global capital markets, today announced that TAIPEIBANK Co. Ltd has chosen FirstOrder to provide a Web-based eTrading solution.

The Bank, headquartered in Taipei (Taiwan R.O.C), will be using FNX’s FirstOrder module in conjunction with the recently implemented Sierra Treasury to provide Internet branch network capabilities and dealable real-time prices. FirstOrder functionality includes full price publishing, order management, real-time limit checking, including collateralized limits and audit trail functionality for FX Spot, Swaps, Tom/Today, Forwards, Windows and NDFs.

In addition to implementing FirstOrder, Taipei Bank is using FNX’s Sierra Treasury to support its FX Cash and FX Options, Money Markets, and Fixed Income Securities trading, as well as Repos, Interest Rate Swaps, Cross Currency Swaps, and FRAs with full multi-site Web-based access via standard Web browsers.

Farid Naib, CEO and Founder, FNX Limited comments, "As Asian financial institutions continue to embrace integrated, Web-enabled STP technologies, there will be an increase in demand for more client-centric products and strategies and enhanced value added client services. FNX is proud to have been chosen by TaipeiBank as they evolve their integrated STP e-strategies."