Tahoma Capital goes Live with Aspen Hedge from FNX Solutions for New Hedge Fund Launch

Philadelphia, May 10, 2006 - FNX Solutions (FNX), a leading provider of next generation technology SOLUTIONS for treasury and capital markets, announced today that Tahoma Capital is now using Aspen Hedge to support its new multi-strategy hedge fund. Tahoma Capital is an investment advisor located in Seattle, Washington with an investment policy that’s driven by a comprehensive risk control framework, with a disciplined compliance process including modeling, pricing and accounting analysis.

Tahoma Capital required a complete cross asset trading solution able to seamlessly integrate with financial risk service providers, fund administrators and prime brokers, with a targeted implementation of 150 days. Aspen Hedge's ASP model met those requirements, providing a sophisticated trading technology solution able to manage multi-product environments and multi-strategy scenarios along with real-time connectivity to all their electronic partners.

Max Giolitti, Tahoma Capital’s Chief Risk Officer said: “We chose Aspen Hedge from FNX because it is a robust and proven solution. We needed secured access control and industry leading trading tools to support our diversified pool of assets. Aspen Hedge met all of the requirements and provided the connectivity and functionality we were looking for. Aspen also understood our business and its sophisticated instruments.”

“We are pleased to have Tahoma Capital as a new client.”  Said Ray Krastins, FNX’s Director of North American Sales. “ Our Aspen Hedge solution is well designed to support their overall strategy to trade multiple asset classes without taking on undue risk at an affordable, flat monthly fee. This past year has been particularly exciting for us given the large number of new clients we have brought on. Besides being part of a few new launches, Aspen Hedge has filled a void with many large, established hedge funds looking to gain a competitive advantage for their fixed income, credit, equity and FX trading. Also, welcomed but unanticipated are the number of referrals we have received from Prime Brokers looking to provide their clients with better compliance and risk management platforms."

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, Taipei, Belgrade and Bangkok.