FXALL OPENS BOSTON OFFICE TO MEET RISING DEMAND FROM ASSET MANAGERS

28 February 2005 – FXall, the world’s leading online foreign exchange platform,
today announced that it has opened an office in Boston, Massachusetts in the US to serve its rapidly expanding asset manager client base. The news closely follows the announcement that trading by asset managers on FXall’s platform increased by 146% in 2004 to more than $1 trillion.

As part of this expansion, FXall has recruited two senior FX specialists to create and develop the office. Melissa McCarthy has joined FXall’s Boston office as Director of Customer Marketing and Relationship Management. Melissa previously spent 14 years at State Street Corporation, most recently leading sales, training and business development activities as vice-president and senior relationship manager for the Global Link trading platform. FXall has also appointed Joedy Tran as a relationship manager. Joedy joins from State Street Corporation, where he was a business development officer responsible for sales, relationship management and developing product rollout strategies.

Phil Weisberg, Chief Executive Officer of FXall, said: "FXall has experienced
enormous growth in the asset management sector, as our recent volumes figures
demonstrate. Opening an office in Boston, where many of our asset management
clients are based, is important because it enables us to better service our
substantial client base in the asset management industry and meet the demand we
are seeing from existing and prospective customers. I am delighted that Melissa
and Joedy have joined FXall to help build our Boston office. Their extensive
experience in working with asset managers further enhances our ability to serve
and support this important client base."

In response to strong global demand, FXall is evaluating a number of financial
centers around the world as locations for new offices. The company remains
focused on finding first-class individuals to run these offices, look after its broad range of existing clients and recruit new ones.

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