FNX SOLUTIONS appoints Kevin Horio, Executive Managing Director, Chief Technology Officer

Philadelphia, August 15, 2005 - FNX SOLUTIONS (FNX), a leading provider of next generation technology SOLUTIONS for treasury and capital markets, announced today that Kevin Horio has been appointed Executive Managing Director, CTO for Sierra Solutions. A founding partner of FNX, Kevin returns after a 9-year hiatus to oversee the development of FNX’s globally distributed trading and risk management solutions, Sierra and Sierra Treasury.

Kevin was Managing Director of Dimensia, Inc., a business strategy and technology solutions organization. There, he was responsible for overall operations and was directly involved in developing software solutions for financial, insurance, real estate and healthcare markets including web-based environments for financial trading, remote healthcare, distance learning and more. His work supporting Deutsche Bank’s Global FX Options Trading operations has placed him at the forefront of delivering high volume, globally distributed, mission critical financial application suites.

With in-depth experience across a broad range of technology services and software product operations, Kevin brings back to FNX extensive expertise ranging from technical architecture, implementation and operations to business strategy and management.

“We are thrilled to have Kevin back at FNX. He has been a core contributor to our company from the very beginning. Kevin shares the corporate vision that above all, FNX is a SOLUTIONS company where fulfilling customer needs and exceeding client expectations is how we measure success,” said Farid Naib, FNX CEO and Founder.

Kevin added, “Returning to FNX during this period of growth and new product development is very exciting to me. I believe that our strategic focus on satisfying client business requirements will continue to result in technology innovations that provide great value to the financial industry.”

About FNX

FNX Limited provides global financial institutions with complete technology SOLUTIONS for the management and processing of capital market transactions. Established in 1992, the goal has never changed, to give clients a competitive edge utilizing industry-leading technology to maximize productivity and to reduce operational risk.

With a commitment to the highest level of customer satisfaction, FNX builds flexibility and adaptability into its growing mix of software and customized service offerings to meet the ever-changing needs of the financial marketplace. Through its suite of software solutions, FNX supports order management, trading, risk management, margin and collateral trading, settlement and accounting for FX Cash, FX Options, Money Markets, Fixed Income, Interest Rate Derivatives, Commodities, and Exchange Traded products. Furthermore, SierraLink™, FNX’s standard solution for interfacing with third party systems, provides seamless integration and electronic transfer of information with real-time connectivity, flexibility and high performance.

Headquartered in Philadelphia, Pennsylvania, FNX has offices in New York, London, Tokyo, Singapore, Belgrade, Taipei and Bangkok. Additional information about FNX Limited is available at http://www.fnx.com/.