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FNX announces Oracle Availability and Database Independence

Philadelphia, October 21, 2004 - FNX Limited (FNX), a leader in the delivery of technology solutions to the global financial markets, announced today that the version 5.0 of its solutions Sierra and Sierra Treasury would be available on an Oracle 10g platform. The availability of FNX’s solutions on Oracle will be in addition to the current support of Sybase allowing the customers a greater choice of platform.

Offering Sierra and Sierra Treasury on Oracle is the first step FNX will take to a database independence solution. To meet this demand, FNX will be introducing a Database Abstraction Layer (DBAL) to the Sierra Product Family. The DBAL is being built upon the standard database abstraction utility, Open Database Connectivity (ODBC) and Java Database Connectivity (JDBC). Once this layer is in place, The Sierra Product Family will operate on any SQL99 compliant database platform, including Sybase Adaptive Server Enterprise, Oracle Database Enterprise Edition, DB2 Enterprise Server Edition and SQL Server 2000 SP3a.

"The support of Oracle is in direct response to our customers feedback and is an example of the continual evolution of the FNX solutions both technically and functionally." Said Jim Dennelly, President of Sierra for FNX.

Mr. Dennelly added: "We are very excited to offer multiple third party databases to our customers. The database abstraction layer will provide our
current and potential customers with even more data flexibility and accessibility. We are convinced that by providing database independence to
the financial markets we are giving our solutions, Sierra and Sierra Treasury, a competitive advantage and our customers the best alternatives and most technological advanced solutions available in the market."