FX Your Way

March 2008

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

FXall Delivers a Complete Solution

FX your way

– The greatest liquidity

– Leading technology that automates the entire deal life cycle

– Trusted intermediary free from conflicts of interest

– Advanced STP and integration options

– Control and a full audit trail

– Fail-safe back-up systems and support

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

FXall Remains the Largest and Fastest Growing FX Platform

– Record annual trading volumes of over $13.4 trillion in 2007

– More than $98bn traded in a single day, over $1,000bn every month

– Over 700 buy-side customers – Best practice and compliance benefits

– SAS-70 certified for MiFID compliance– Full audit trails for every trade

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

Diversified client base delivers consistent flow to providers

Volume by customer type (Jan - Dec 2007)

Volume by customer type (Jan - Dec 2003)

50%

17%

12%

21%

32%

17%

32%

19%

Corporations

Asset managers

Active Traders

Banks

Success across customer segments has increased volumes and operating leverage and reduced revenue volatility

Regional Split

• EMEA 59.5 %

• Americas 31.7 %

•Asia Pacific 8.8 %

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

Multiple Client Segments Demand a Range of Solutions

5FX your way

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

QuickEMS - Multiple Execution Methods in a Single Interface

– QuickFill: Streaming relationship trading for all FX products

– Accelor: Active Trading via anonymous ECN

– Integrated single dealer streams system for dealing in full amounts

– Seamlessly integrated to QuickOMS providing full access to forward roll, account split and other workflow tools

FX your way

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

FXall’s Services Have Been Successfully White Labeled to Meet the Needs of External and Internal Customers

– Maintains ownership of customer relationships

– Branded in institutions name– A full trade lifecycle solution– Leverages same integration for

FXall – Requires low upfront investment– Includes White Label QuickOMS

– Clients with complex order management requirements

– Trading with other banks can be permissioned by White Label bank if required with “White Label” bank included on every price request

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

QuickOMS White Label

FX your way

Utilise Bank’s proprietary order types and algorithms

Clients can request quotes and deal with a single or multiple relationship banks.

Clients can access continuous streaming rates from multiple relationship banks

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

QuickOMS White Label

Deal on individual orders or portfolios

FX your way

Deal anonymously on an ECN offering low latency and a transparent market structure

Clients can request quotes and deal with a single or multiple relationship banks of your choice.

Clients can access continuous streaming rates from multiple relationship banks

Utilize Bank’s proprietary order types and algorithms

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

Auto Processing of Phone Based Deals

FX your way

Use netting tools to optimize execution of multiple orders and allocations

Deal on individual orders or portfolios

Deal anonymously on an ECN offering low latency and a transparent market structure

Clients can request quotes and deal with a single or multiple relationship banks.

Clients can access continuous streaming rates from multiple relationship banks

Capture deals done by phone for confirmation and STP

Utilize Bank’s proprietary order types and algorithms

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

QuickOMS Adds Currency Summary (X-CCY Netting) Later in 2008

– View currency totals for a batch, or net across different dealt currencies for the same pair– Totals can be expressed in base, terms or user’s local currency– Identical functionality added to Treasury Center facilitates collaboration with bank sales person – Ability to conduct multiple batches with different banks simultaneously maximizes efficiency

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

Treasury Center Enhancements Support Currency Summary Functionality

– Banks sales person can see the summary screen the client is looking at when the deal is sent to Treasury Center, facilitating easy conversation on the phone

– Sales person can price the trade through any local currency, or price currency pairs individually– Based on customer’s need, sales person can price critical currencies first or price full set of orders

simultaneously

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way

Summary

– A combination of execution methods is needed to optimally handle the full spectrum of clients’ needs

– FXall provides a broad range of execution methods– Single-bank and multi-bank pricing modes– Batch execution versus executing deals individually– Order Types and Algorithms– Different netting options

– New execution options are being added to QuickOMS this year:– Cross currency netting– Integration of QuickFill (streaming relationship liquidity) into QuickOMS– Integration of Accelor (anonymous ECN) into QuickOMS

– FXall has made significant investment in infrastructure and support and in order to support the requirements for the most sophisticated institutional customers

FX your way

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Confidential and proprietary © 2007 FX Alliance, LLC (all rights reserved)

FX your way 14

FXall global contact details

FXall Americas900 3rd AvenueThird FloorNew York, NY 10022

E info@fxall.comT +1 646 268 9900F +1 646 268 9996

FXall Boston470 Atlantic AvenueFourth FloorBoston, MA 02110

E info@fxall.comT +1 617 273 8115F +1 617 273 8049

FXall EuropeCityPoint, 9th Floor1 Ropemaker StreetLondon, EC2Y 9HT

E info@fxall.comT +44 (0) 20 7173 9600F +44 (0) 20 7173 9609

FXall Asia#36-03 UOB Plaza 180 Raffles PlaceSingapore 048624

E info@fxall.comT +65 6511 0650F +65 6511 0651

FXall JapanOtemachi 1st Square East, 4th Floor1-5-1 Otemachi, Chiyoda-kuTokyo 100-0004

E info@fxall.comT +81 3 5219 1308F +81 3 5219 1430

FXall’s services are not intended for, and are not available to, private customers, and are not intended for distribution into any jurisdiction where such distribution is restricted by law or regulation. FXall’s services do not constitute investment advice or an advertisement, offer, or solicitation of an offer, for the purchase or sale of any investment, securities or other property, or a representation that any investment, security or other property is suitable for any person.

In Austria, Belgium, Denmark, Finland, France, Greece, Ireland, Italy, Netherlands, Portugal, Spain and Sweden, FXall acts through FX Alliance Limited (regulated by the Financial Services Authority), CityPoint, 1 Ropemaker Street, 9th Floor, London EC2Y 9HT. In Australia and Singapore, FXall acts through FX Alliance International, LLC (ARBN 097 253 640), (a Delaware (USA) company, members' liability limited), 900 Third Avenue, 3rd Floor, New York, New York 10022. In other jurisdictions, FXall acts through FX Alliance, LLC (a Delaware (USA) limited liability company), 900 Third Avenue, 3rd Floor, New York, New York 10022.

FXall, FXallmanac, FXall Trading, Accelor, Settlement Center, Market Insight, QuickConnect, QuickBatch, QuickFill, QuickTrade, QuickOMS and all associated logos, are the trademarks of FX Alliance LLC.