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FNX Awarded Highly Commended for its Aspen Hedge Solution at Banker Technology Awards

Philadelphia and London, June 6, 2005 - FNX Solutions (FNX), a leading provider of next generation technology solutions for treasury and capital markets, announced today that its Aspen Hedge Solution was awarded highly commended at this year’s The Banker Technology Awards 2006. The recognition was for the category of buy side innovation in wholesale/investment banking.

A real-time, cross product platform with unrivalled connectivity into electronic platforms, Aspen Hedge enables hedge funds to accept executed deals from any source, perform allocations according to sophisticated rules and monitor positions, P&L, risk and limits in real-time. Securely deployed as an ASP/hosted solution, Aspen Hedge eliminates the need for up front technology investment and offers best of breed, sell side technology at an affordable monthly fee.

“Aspen Hedge’s secure ASP delivery model truly satisfies our clients’ need for sophisticated, cross asset sell side technology at a buy side price,” said Farid Naib, FNX’s CEO. “Furthermore, Aspen Hedge manages all aspects of the software’s operation, including maintenance, security, and disaster recovery, allowing hedge funds to remain focused on their core business.”

The Banker Technology Awards are designed to provide financial institutions and their clients around the world with an objective analysis of the technological expertise that exists within key business areas. They highlight the developers and IT practitioners who have contributed to advancing shareholder value and customer services over the past 12 months.

The Banker is part of the Financial Times Business Group.