FXALL DAILY TRADING VOLUMES SURPASS $43 BILLION

Growth driven by strong demand from all market segments 10 October 2005 - FXall, the world's leading online foreign exchange platform, today announced that daily trading volumes have broken through $43 billion.

The rise in volumes has been driven by increased activity across all FXall’s
client segments – active traders, asset managers, corporations, banks and
broker-dealers – as new clients sign up and existing ones increase the
volumes they execute on FXall.

Sanjay Madgavkar, Co Head - Fixed Income and FX ecommerce, North
America, Citigroup, said: "As a leading provider on the FXall platform, we
are excited to see this growth and we look forward to seeing that continue.
We are committed to providing the top quality FX products and services,
including highly competitive 24-hour pricing across a wide range of
currencies, to our clients. Our participation on FXall is an important part of
that strategy."

Jesper Ronald Petersen, First Vice President, Head of Global Flow, Solutions
and E-Trading, at Danske Bank, commented: "As a leading Scandinavian
liquidity provider, we know that our clients value FXall's robust trading,
workflow and post-trade capabilities. In turn, we have benefited from
increased business and a steady stream of high-quality, non-correlated FX
flow from FXall's diverse customer base. We look forward to continuing to
grow our business on FXall through consistent tight pricing in a broad range
of currency pairs."

Philip Weisberg, CEO, FXall, said: "FXall's record volumes are proof of our
success in meeting the diverse needs of clients across the institutional
foreign exchange marketplace. Our end-to-end workflow and automation
services have been as important as our trading services in winning new
business. Thanks to the diversity of our client base, we have been able to
sustain strong and steady growth despite cyclical fluctuations in trading
activity by individual market segments.

"Our broad customer franchise enables us to deliver non-correlated flow to
liquidity providers. This results in tighter prices and deeper markets for
clients – the building blocks of a successful foreign exchange platform. As
more institutional clients move their FX operations online, the breadth and
depth of our offering puts us in a strong position to capitalize on future
growth in the market."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development