New York – January 27, 2003 – Random Walk Computing, Inc., a leading provider of advanced technology solutions for the financial services industry, today announced that it has worked with FXall to deliver a new Web-based user interface allowing clients to seamlessly process trades through FXall Settlement Center.

FXall and Random Walk deployed Enterprise Java technology, including Servlet and JavaServer Pages (JSP), to provide a rich user interface to the trade-matching engine. The new interface – which requires no additional installation of software – allows all trades, whether executed over FXall or by phone, to be processed by Settlement Center and provides a single view of all FX trades executed by the client. At present, more than 400 clients are signed for trading at FXall.

FXall Settlement Center – which went live last year – includes a fully audited and controlled process for automatic matching, netting and confirmation of trades. Settlement Center is fully integrated with FXall Trading Center so that trades executed on the platform flow from trading to confirmation in near real time. Settlement Center also allows users to generate settlement instructions through the use of SSI data. Counterparties, custodians and other third parties can be notified via industry standard formats such as MT304 over SWIFT.

Jack Lemonik, Chief Technology Officer of FXall, commented, "Settlement Center effectively automates the entire transaction life-cycle. Today’s announcement means that the post-trade process is now more efficient than ever before. Crucially, Settlement Center also goes one step beyond automation by introducing a robust audit trail that meets the highest standards for compliance procedures."

This marks a continuation of Random Walk’s relationship with FXall. The company previously worked with FXall to deliver Treasury Center and Operations Center functionality, as well as helping to architect the single sign-on capability that allows FXall users to access different components (if authorized) with a single username and password.

Said Doug Gardner, Random Walk’s Senior Engagement Manager for FXall: "Random Walk’s knowledge of the FX business, coupled with our extensive experience of deploying lightweight Web interfaces allowed us to work effectively with FXall to further enhance Settlement Center and meet an accelerated rollout schedule."

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