FNX wins three for Aspen Hedge

Philadelphia, May 12, 2004 - FNX Limited (FNX), a leader in the delivery of technology solutions to the global financial markets, announces the first three customers for recently launched ASP solution Aspen Hedge, Hedge funds Henderson Global Investors (HGI), Greenwich Capital and Luminary Capital.

With the addition of these three prestigious customers, Aspen Hedge further positions itself as the most flexible trading and risk management solution available for the buy side industry. With the use of Aspen Hedge, Henderson, Greenwich and Luminary Capital will be able to securely access a sophisticated trading and risk management system with no up-front investment in new technology.

Delivered via the Internet, Aspen Hedge provides a feature rich trading solution with industry leading IT support and comprehensive disaster recovery capabilities at a fraction of the cost of an on-site installed software package. Aspen Hedge allows the new clients to access a proven and sophisticated leading solution from anywhere and at anytime with a simple Internet connection. Users can easily access all deals and positions through the use of an Aspen Hedge position and trade blotter.

The solution provides full disaster recovery services, with a hosting facility that is constructed and guarded according to the standards set by the US Department of Defense.

With a single and fully integrated system offering covering all asset classes, Aspen Hedge is flexible and scalable enough to support the trading and risk management solutions of both the large hedge funds such as Henderson and Greenwich Capital and growing funds such as Luminary Capital.

Finn Christensen said: "We are very pleased to have Henderson, Greenwich Capital and Luminary Capital as part of our Aspen Hedge client list. It is a testament to our product, service and company that Aspen Hedge was chosen to support the trading and risk management needs of such important players in both the European and North American markets. We look forward to a long and mutually successful relationship."

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