FNX SOLUTIONS releases Sierra Treasury Select

Philadelphia, August 3, 2006 - FNX Solutions (FNX), a leading provider of next generation technology solutions for treasury and capital markets, announced today the release and immediate availability of Sierra Treasury Select, one of the industry’s leading cross asset trading and processing solutions for regional banks and corporate treasuries.

Sierra Treasury Select is FNX’s offering of an “out of the box” front to back solution with comprehensive and enhanced functionality for multiple asset classes including, FX Cash, FX Options, Fixed Income, Commodities, Interest Rate Derivatives, Credit Derivatives and Equities. Major enhancements include:

• Additional analytic, risk and position management tools for the wide variety of asset classes listed above
• Enhanced workflows and processing capabilities to improve flexibility and strengthen exception management
• Superior performance with parallel processing capabilities making the system calculation engines the fastest in the industry
• Extensive connectivity capabilities with more than 60 ready to plug-in connections to pricing services, prime brokers and accounting solutions among others

FNX’s cross-asset approach to the market with a stable and proven release is a cost effective solution for those institutions looking to manage their trading and processing operations with a single system and require seamless integration to their trading partners. This release has already been implemented with a select number of current FNX clients and is serving as the base release for new clients that will go live with Sierra Treasury over the next few months. FNX is also exploring indirect sales channel opportunities for Sierra Treasury Select, given the shrink-wrapped nature of the product.

About FNX

FNX SOLUTIONS 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.