Jerry Putnam and Eddie Wen Join FXall’s Board of Directors

31 July 2008

FXall, the world's leading foreign exchange platform, is pleased to announce that Jerry Putnam and Eddie Wen have joined its Board of Directors, adding a wealth of experience to the company as it continues to drive innovation in the market.

Jerry Putnam is currently a Senior Advisor to NYSE Euronext and was previously President and Co-Chief Operating Officer of NYSE Group, where he was responsible for the Group’s market operations, technology initiatives, new products, and information business. Prior to joining NYSE Group, Putman founded and served as Chairman and CEO of Archipelago, the electronic exchange.

Eddie Wen is a Managing Director at J.P.Morgan and the Global Head of FX eCommerce, where he is responsible for strategy and for algorithmic proprietary trading within the franchise business. Before joining J.P.Morgan, he was the head of Quantitative and Algorithmic Trading Strategies at Goldman Sachs, where he was responsible for electronic FX trading for the business.

In addition, Matt Frymier and Ray Kamrath were re-elected to the Board. Frymier is a Managing Director and Head of the Strategic Investments Group (SIG) at Bank of America, and Kamrath is a Managing Director at Goldman Sachs in the Fixed Income, Commodity, and Currency Division. The other members of the FXall Board are Henry Feinberg and Robert Trudeau of FXall shareholder Technology Crossover Ventures (TCV), and Phil Weisberg, CEO of FXall.

Phil Weisberg, Chief Executive Officer of FXall, commented: “We are delighted to welcome Jerry and Eddie to the board. Together they bring an outstanding track record of leadership in electronic trading and a comprehensive understanding of the issues facing traders in today’s market. The insight they bring will be of great value as FXall continues to innovate and invest in its technology in order to maintain its leadership position and to enhance the service it provides to the global foreign exchange market.”

Jerry Putnam said: “I am very pleased to be joining the board of FXall at such an exciting time for both the company and the industry. The global foreign exchange market is at a critical juncture in its development as investors begin to truly embrace FX as an asset class. I believe that they will be best served by FXall, which clearly recognizes, understands and appreciates the unique qualities of the FX market”.

Eddie Wen said: “FXall has a strong history of effectively balancing the needs of all the participants in the global foreign exchange market and its commitment to client service has always distinguished it from the competition. I am delighted to be joining the board at this time and look forward to working with the company as it continues on its impressive growth trajectory.”

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