White Plains, NY—May 12, 2003—Communicator Inc is making available Hub IM, its platform for real-time communication, collaboration and content delivery, to FXall’s client base of more than 500 institutions and thousands of users. FXall’s buy-side clients can choose to access messaging, collaboration forums and the global address book of key investors across 2000 investment institutions. Hub IM is offering secure, electronic one-to-one and one-to-many communications among FXall's customers who select the Hub IM solution.

“Working with Communicator Inc enables our clients to communicate and transact with even greater ease,” said FXall CEO Phil Weisberg. “We are very impressed by Communicator’s long track record in providing secure messaging services to the financial services industry. On a wider level, this is yet another example of how FXall is working with partners to enable the maximum number of clients to reap the benefits of electronic trading.”

FXall and Communicator Inc Extend Relationship

FXall is an integrated portal that provides full automation for every stage of the transaction chain—from research to trading and settlement. FXall and Communicator Inc have been working together since May 2001, when FXall chose Communicator’s Hub Content and Portals service as a means to develop and operate its research platform. The relationship grew out of Communicator’s expertise in digital identity management, multi-enterprise content aggregation and experience operating gated community industry portals. The co-branded content platform that Communicator and FXall have developed provides users with commingled research and information from all consortium members, as well as private content from each broker to their specific clients. This is all done with a single password.

Communicator Hub IM is already integrated into SecuritiesHub, a global fixed-income research and information portal, enabling buy-side customers to communicate in real-time with their sell-side colleagues at major Wall Street investment firms.

“Using Hub IM, FXall users are able to fully integrate into a complete communication and collaboration environment,” said Communicator CEO Leo Schlinkert. “FXall is already an essential source of information for traders in the foreign exchange market. Adding a layer of secure electronic communication and collaboration, increases FXall’s prominence in its clients’ workflow, helping make brokers and traders even more efficient.”

Hub IM: Secure, Real-Time Communication and Collaboration

Communicator Hub IM combines real-time messaging and discussion group forums with instantaneous delivery of information and other important content or documents. It is integrated with a directory that uses a company’s business rules to manage who has access to whom, how they can be accessed, combined with a wide range of message tracking, archiving and security protections. Hub IM is delivered as a hosted, managed service. For more information about Communicator Hub IM, visit www.hubim.com.

About Communicator Inc

Communicator Inc provides a suite of software tools and secure, managed technology services that connect the right people to the right information in real-time, within and across organizations. The Communicator Hub identity management, content aggregation and messaging products help build strong relationships between companies and their core customers by improving efficiency, reducing costs and protecting client relationships, content and brands. Communicator Inc is a privately held company headquartered in White Plains, New York. For more information about Communicator Inc visit www.communicator.com, call 914-872-2800 or email info@communicator.com.

About FXall

• FXall is an electronic trading platform offering customers foreign currency trade execution, access to research and straight through processing.
• FXall was launched as a fully automated portal on 10 May, 2001. FXall's comprehensive functionality includes easy multi-bank access, portfolio management tools that enable execution of entire portfolios of trade, leading quality research and analysis available through a single sign-on, and 24-hour access to a multi-lingual support center.
• In the past year FXall has won the following awards:
  • March 2003 - ranked number one multibank portal by Global Investor's "Foreign Exchange Survey 2003".
  • November 2002 – voted 'Best Multibank Portal' in FX Week awards 2002.
  • November 2002 – 'Best Multibank FX Portal' in the 2002 Euromoney.com Internet Awards.
  • October 2002 – recognised as 'Best of the Web' by Forbes magazine.
  • June 2002 – ranked number one in Global Investor's e-Forex Road Test of FX platforms by 5 leading asset managers.
  • May 2002 – voted best overall multi-bank portal for research, for trading, and for straight through processing in the "Euromoney Forex Poll 2002".
  • March 2002 – ranked number one multibank portal by Global Investor’s “Foreign Exchange Survey 2002”.
• There is no fee to transact for customers and other price takers at FXall.
• There are 43 leading financial institutions providing liquidity over FXall – the most of any multibank portal.
• The vast majority of FXall’s providers are fully integrated with automated rate engines and straight through processing.
• FXall’s Customer Advisory Board numbers 32 corporations and institutional investors.
• FXall has more than 500 customers signed for trading.
• Under the European Union's uniform regulatory directives, the FSA is FXall's principal supervisory regulator for business in the EU.
• FXall has SAS 70 certification.
• FXall has offices in New York, London, Tokyo, Singapore and Hong Kong.
• FXall is an independent company with its own board of directors and management team.
  
  Further information on FXall is available at www.fxall.com

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.

FXall may act through FX Alliance, LLC (a Delaware, USA limited liability company), FX Alliance Limited (regulated by the Financial Services Authority), FX Alliance International, LLC (ARBN 097 253 640, a Delaware, USA company, members' liability limited).

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