FXall Press Release

FXALL SUCCESSFULLY IMPLEMENTS KOVAIR GLOBAL LIFE CYCLE FOR CUSTOMER ON-BOARDING AND HELPDESK MANAGEMENT

24 July 2008 - Kovair Software, Inc. today announced that FXall, the world's leading foreign exchange platform and provider of workflow solutions for foreign exchange and treasury products has successfully implemented Kovair Global Lifecycle Enterprise software for managing and automating their Customer On-boarding and Helpdesk processes.

"Kovair Global Lifecycle provides an industry leading Process engine to automate a wide range of business and IT processes," said Kovair Chief Technology Officer, Sky Basu. "With the help of Kovair Global Lifecycle's 100% browser based interface, FXall is able to streamline and automate its On-boarding and Helpdesk Processes across their six offices in N. America, Europe, Asia and Australia."

Minor Huffman, Chief Technology Officer at FXall said "Our trading volumes continue to increase rapidly with average daily volumes of over $98bn last year and overall volumes up by 39% year on year in Q1. With almost 1,000 participants world-wide we required a solution that could help us manage such high level of growth. We believe that the power of Kovair's Lifecycle management capability as well as its superior Workflow technology delivers the versatility and functionality we demand".

Kovair Software, Inc.'s flagship product, Kovair Global Lifecycle, is a feature-rich, configurable global development and integration platform that offers a complete set of integrated tools and processes for managing the entire application lifecycle. Architected with a common user interface and a single shared repository to ease the complexities of "any time, anywhere" development, Kovair Global Lifecycle has been adopted rapidly in market sectors where there is a critical need for automated workflow and reliable, predictable application lifecycle management processes.

About Kovair Software, Inc.

Kovair Software, Inc. is the innovation leader in global application lifecycle management solutions, supporting globally distributed multi-site application development. It's flagship product, Kovair Global Lifecycle, is a feature-rich, configurable, global development and integration framework that offers a complete set of integrated tools and processes for managing the entire application lifecycle. Architected with a common user interface and a shared repository to ease the complexities of "any time, anywhere" development, Kovair Global Lifecycle has been adopted rapidly in market sectors where there is a critical need for automated workflow and reliable, predictable application lifecycle management processes as implemented by Kovair's Omniprocess, Workflow for IT^TM. Kovair includes built-in SDLC applications like Requirements Management, Change Management, and Helpdesk Management in addition to solutions for CMMI, ITIL, Project Portfolio Management or Agile Methodology. Kovair's integration infrastructure - Omnibus, Integration Bus for IT^TM for third party tools provides customers with an extremely flexible and globally integrated development environment. Founded in the year 2000, Kovair Software has offices in Silicon Valley, California and Kolkata, India.

For more information, visit www.kovair.com or call 408-262-0200 x2007.

About FXall

• FXall is the leading provider of automated trading and workflow solutions for FX and treasury, offering trade execution, workflow tools, control and compliance and straight-through processing. By combining streamlined workflow, competitive FX prices and a complete audit trail, FXall delivers improved control and cost savings at every stage of the deal lifecycle.
• FXall provides customers with the ability to meet best practice guidelines prescribed by regulatory bodies - for more information visit: http://www.fxall.com/about/BestPracticeFX.pdf
• FXall is an independent company with offices in New York, London, Boston, Tokyo and Singapore.

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).

FXall, FXall Trading, Accelor, Accelorate, Settlement Center, Market Insight, QuickConnect, QuickFill, QuickOMS, QuickTrade and all associated logos are the trademarks of FX Alliance LLC.

For more information on FXall, visit www.fxall.com.

For more information on Accelor, visit www.accelortrading.com.