FCStone Forex selects FNX Solutions for new Foreign Exchange Division

Philadelphia, July 28, 2005 – FNX Solutions (FNX), a leading provider of next generation technology SOLUTIONS for treasury and capital markets, announced today that FCStone has chosen them to support its global OTC trading and back office operations for its new Foreign Exchange division. FCStone, known primarily as a commodities risk management services firm, has created the new Forex division to offer Foreign Exchange trading and processing facilities to their clients.

FNX, through its SierraASP software, will provide real-time straight through processing, real-time margin utilization and position management for FCStone Forex and its clients. Utilizing FNX’s proprietary leading middleware platform, SierraLink™, FCStone Forex will achieve a seamless, automated and integrated processing environment. Electronically executed transactions together with phone orders, will be consolidated in real-time on the Sierra ASP platform. FCStone Forex will further enhance the service by delivering electronic statements to its clients detailing all transaction details, margin utilization and P&L.

“We were looking to offer our customers a more comprehensive, convenient and competitive service with FCStone Forex. We believe the interface capabilities of FNX’s SierraASP, will allow us to process trades faster and to make more informed decisions for our clients,” said Edgar Ramon, Global Head of Foreign Exchange at FCStone Forex.

Ray Krastins, Director of North American Sales for FNX added, “We are delighted to be chosen to provide this solution to FCStone Forex. The ASP model is proving to be a particularly attractive delivery model for FCMs looking to gain a trading advantage in a highly competitive market. It enables our clients to use a leading edge system for a simple monthly fee that can be accessed from anywhere, that seamlessly expands and offers disaster recovery services.”

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/.