Philadelphia, June 28, 2004 - FNX Limited (FNX), a leader in the delivery of technology solutions to the global financial markets, announced today that as part of a strategic product initiative, FNX has licensed financial analytic models from Suite LLC (Suite) for a new Sierra Advanced Derivatives Module.

With this license, FNX will now be able to offer an advanced derivatives module (Sierra ADM) providing its clients full deal capture, sophisticated analytics, back office processing and accounting. With the integration of the FNX and Suite products, FNX will be able to offer pre-execution pricing and hedging as well as counterparty credit exposure analysis, sophisticated risk management, curve generation and scenario analysis tools on a wide variety of financial products. With over forty derivatives types supported ranging from swaptions and multi- leg swaps to the more sophisticated products like Sticky and Chooser/Survivor Cap/Floor/Collars.

The functionality will be integrated to two of FNX’s flagship products. Sierra and Sierra Treasury. The availability of this module will further expand Sierra’s already extensive product coverage.

Farid Naib, FNX’s CEO and Founder commented: “We are pleased to have signed this agreement with Suite LLC. Suite is a very well positioned and respected company in the derivatives analytics arena. Integrating their products into Sierra and Sierra Treasury will allow FNX to bring additional services and functionality to current and future clients. ”.

Gerard Galluscio, Suite LLC’s Co-founder and Managing Partner added “FNX’s and Suite’s products complement each other. FNX is a long time player in the market and FNX’s Sierra products have re-defined the concept of STP processing. Suite has developed a product that can satisfy the pricing needs of the most sophisticated derivatives operations in the market. The combination will allow FNX to offer its current leading STP technology to the advanced derivative market. I am confident that the expertise we both bring to the table will open great opportunities for our companies”.

About Suite LLC

Founded in 2001 and headquarter in NYC, Suite LLC has been providing sophisticated derivatives risk management software to Banking and Hedge-Fund clients in New York, Chicago, London, Frankfurt and Tokyo. CTOs, Risk Managers, Traders and Middle Office Professionals rely on the fact that Suite’s tools are based on software developed and vetted by JPMorgan and Cygnifi. Source. www.suitellc.com

About FNX

Founded in 1992, FNX Limited is one of the world’s leading providers of fully integrated trading, risk management, accounting, and general ledger solutions that streamline mission critical operations for the international financial community. Known for its market leading technology, FNX’s strength lies in its unique ability to offer clients around the world a combination of cross- product STP solutions with best-of-breed technology and interface capabilities. FNX's premier position is founded on a reputation for dependability, market knowledge, and continuous technological innovation. www.fnx.com.