FNX Hires new Equities Product Manager

Philadelphia, August 18, 2004- FNX Limited (FNX), a leader in the delivery of technology solutions to the global financial markets, is pleased to announce that Kristopher Kozub joined the equities team on August 16th. Mr. Kozub joined FNX as Equities Product Manager and will be leading a group of people responsible for the improvement of the existing equities functionality and further fulfill the specific trading, analytics and reporting needs of the financial Industry.

Mr. Kozub has over 14 years of experience working with recognized financial institutions and has assumed positions where he has been responsible for both, trading financial derivatives and also developing trading support systems. Prior to joining FNX, Mr. Kozub was an options trader at TradeLink LLC. There he traded a multi-million dollars stock index option position and developed a risk management solution that enhanced the decision making process and helped the company to identify various aspects of market exposure and greatly increase profitability.

Prior to TradeLink, Mr. Kozub worked at CNA LP where he traded multi-city stock index options and managed a team of traders for a subsidiary of Banque Nationale de Paris. Mr. Kozub also developed an Equity program trading system that helped the bank to enter new markets and explore other opportunities. Before CNA LP Mr. Kozub worked for Amsterdam Options traders and Tague Securities.

Jim Dennelly, Executive Managing Director of Product Design said: "With his industry know-how and extensive experience as a trader and systems developer, Kristopher is a great addition to the FNX team. We are very excited to have him working with us and contributing to meet our mission of fulfilling all our customers’ needs in terms of service and functionality, especially in the equities arena. The addition of such talented individual is a big step to continue as the leading provider of full STP trading and risk management solutions to the global financial industry".

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