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24 April 2006 - FXall, the world's leading online foreign exchange platform, today announced that it has appointed Andrew Banhidi as Chief Technology Officer. Based in New York, he will join FXall’s senior management team, with responsibility for overall technology strategy, system architecture and development, engineering, production services and quality assurance.

Phil Weisberg, CEO, FXall, said: “We are delighted to welcome Andrew on board. He has an impressive track record of leadership in financial technology, combined with an in-depth understanding of our clients’ business and technical requirements. His knowledge and experience will enable him to make an immediate and valuable contribution to FXall’s ongoing development.”

Banhidi has more than 15 years experience in electronic trading, most recently as Executive Vice President – Chief Technology Officer of Instinet, a leading equities execution venue. At Instinet, he spearheaded the development and deployment of the firm’s successful trading and trade processing systems.

Banhidi joined Instinet from Merrill Lynch, where he worked first as CTO for Merrill Lynch Japan and then Global Director of Trading Services. Prior to Merrill Lynch, he spent six years in a variety of senior technology roles for Goldman Sachs in New York and London.

Andrew Banhidi commented: “I am pleased to be joining FXall at this exciting time in the company’s development. Online foreign exchange is going from strength to strength, and FXall has established itself as a clear leader in this space. The market offers enormous potential for growth, and I look forward to working with the talented people at FXall to make the most of these opportunities.”