FXall Trading Platform

Overview

FXall is integrated to 57 of the world's leading foreign exchange banks. Between them, market makers and service providers offer our clients comprehensive research and post-trade services, as well as the deepest source of liquidity on the market. FXall's high performance network enables provider banks to offer vCapFx' clients streaming spot and forward prices across more than 180 currency pairs, with minimum latency.

More than 700 institutions have joined the FXall platform and trading volumes continue to experience record growth levels - rising by 104% to $4.9 trillion in 2004, up from $2.4 trillion in 2003. Because FX all is relationship-based, banks have more incentive to provide deep liquidity to the platform - meaning that it is faster and easier to execute even the largest transactions. FXall's offices in New York, Boston, London, Singapore and Tokyo.

• QuickTrade - FXall's market-leading trading tool, revolutionized dealing in the foreign exchange markets.

• QuickFill - provides active traders with deeper liquidity by aggregating continuous streams of executable prices from multiple sources.

• QuickOMS - is an advanced portfolio trading service that helps asset managers and corporations alike manage the most complicated workflows.

A trusted partner

When you deal with FXall, you can relax in the knowledge that there will be no conflicts of interest. FXall never acts as principals in the market.

FXall is more than a technology company. For FXall's liquidity providers and buy side clients alike, FX all is an invaluable partner in foreign exchange trading. In the fast-moving currency markets, participants need to know that their service provider will never let them down.

Reliable, scalable, highly available and robust

FXall ensures continuity of business by having duplicate data centers in secure locations that can be managed remotely. And support is never more than a phone call away - FXall's round-the-clock client interaction center is available 24 hours a day, whenever the markets are open.

Confidential trading environment

FXall offers clients a completely confidential trading environment. Trade details remain confidential between the client and the counterparty and are never published to the market.

FXall is regulated by the FSA and has received an American Institute of Certified Public Accountant's (AICPA) Statement on Auditing Standards No. 70 (SAS 70) report which provides a rigorous independent assessment of FX all's controls. The internationally-recognized SAS 70 report examines, through an independent third-party assessment process, the adequacy of controls surrounding the FXall Trading environment.

In the course of the review, an independent auditor assessed physical and logical security controls, network access and monitoring controls, and new client setup and existing client management controls. FXall is proud to have attained this recognition on its live trading system.

FX solutions for every market segment

FXall is the only multibank foreign exchange portal to serve institutional clients across the foreign exchange markets. FXall's comprehensive range of trading and workflow solutions are designed to meet the diverse requirements of active traders, asset managers, corporations and broker-dealers.

Seamless straight-through processing (STP)

The benefits of electronic trading don't stop at execution. FXall goes beyond dealing to deliver straight-through processing for the entire transaction lifecycle - minimizing risk and dramatically improving efficiency.

Putting you in control

FXall makes it easy for you to achieve compliance with corporate governance and accounting regulations, as well as the foreign exchange best practice guidelines set by the ACI, the Federal Reserve Bank of New York's Foreign Exchange Committee, and the Bank of England's Joint Standing Committee on Foreign Exchange. FXall is fully compatible with role-based permissioning and approval mechanisms to maximize internal controls.

The future of foreign exchange

FXall is well-capitalized, profitable and investing in the future. As the foreign exchange markets evolve, FXall will continue to invest in people and technology to ensure that it remains the leader in online foreign exchange trading.

QuickTrade

QuickTrade provides traders with a state-of-the-art request for stream service from FXall's liquidity providers. Simply log in and select the currency pairs you want to trade - QuickTrade delivers fast, automated prices from FXall's liquidity providers straight to your desktop, meaning even the largest transactions can be executed in seconds.

FXall's range of liquidity providers ensures that you can trade what you want, when you want. Every month, more than 190 currency pairs are traded on FXall, so whether you deal in major currencies or developing markets, FXall will meet your needs.

QuickTrade can deliver even more benefits to clients, with breakthrough new features including:

• The ability to trade NDFs online with STP benefits - you agree a fixing date along with all the other trade details, while Settlement Center completes the process by sending the additional NDF details to your provider at confirmation time.
• Broken dated forward rate monitor.
• MT304 ticket type selection directly from the trading ticket for automated third-party notification or internal accounts.
• Roll and split previously executed trades with one click from the blotter.
• Automated connectivity using the FIX protocol.
• Tools to automate the workflow for Clients with separate internal accounts.

QuickFill

QuickFill is a genuine revolution for active traders. Annoying manual tasks are effectively automated for the first time, making volume trades easier to execute. Only QuickFill provides the confidence that transaction details are completely confidential and never published to the market.

• Continuous streaming prices either offered as a single stream "best price" rate feed or accessed through multiple individual bank rate streams of your choice.
• Obtain the deep liquidity available from provider relationships while maintaining complete confidentiality of transaction details.
• One-click execution and full automation of trading and workflow from a single access point.
• Transaction details remain confidential between the customer and the trading counterparty - no signals to the market.
• Offered side by side with QuickTrade, FXall's established market leading trading tool, to provide automated prices in exotic currencies, the flexibility to direct large transactions to a particular provider and the ability to roll trades forward.
• Available through a variety of APIs including FIX for professional traders - just one FIX connection to obtain liquidity from the entire roster of QuickFill providers.

Deep liquidity and tight pricing for even the largest transactions

QuickFill delivers a continuous stream of deep liquidity in all market conditions. By sourcing liquidity from multiple counterparties, FXall ensures there is always a price available when you need it. QuickFill is offered side-by-side with QuickTrade, FXall's market-leading trading tool, provide automated prices in exotic currencies and the ability to roll trades forward.

Market leading functionality directly to you

The ability to offer FXall's trading services to clients - from cutting-edge trading and workflow tools to access to more than 50 of the world's largest foreign exchange banks - is a big competitive advantage. Clients have access to the most advanced FX trading platform on the market. FXall is fully flexible, enabling the creation of customized services that meet clients' business requirements.

QuickFill leverages the power of relationships to make it faster and easier to execute every size of transaction. The deep liquidity and tight prices on offer from FXall's providers mean that your order gets filled quickly, on even the largest deals. This is in sharp contrast to other trading models, where banks provide small amounts of liquidity to see order flow - and have no incentive to provide liquidity to the marketplace.

FX confidential

Prices are available either as a single stream 'best price' rate feed or as multiple individual bank rate streams. Opt for QuickFill's single bank execution and FXall will show you prices from each of the range of providers and highlight which bank is streaming the best price in your total amount. Alternatively, multi-bank mode offers the ability to trade with multiple banks simultaneously, allowing you to get the fastest and best fill for your total amount with just one click.

Largest orders handled with ease

QuickFill is offered side-by-side with QuickTrade, FXall's market-leading trading tool, to provide automated prices in exotic currencies, the flexibility to direct large transactions to a particular provider or prime broker, and the ability to roll trades forward. With one-click execution and seamless straight-through processing - including automated prime brokerage messaging - trading foreign exchange has never been easier.

A wealth of market insight

Market Insight, FXall's multibank research portal, gives clients instant access to the information they need to make critical trading decisions and mark their books to market - from comprehensive real-time market data to research and forecasts from the world's leading foreign exchange banks.

QuickOMS

Order management

QuickOMS - FXall's advanced portfolio trading tool, streamlines foreign exchange workflow for asset managers and corporations alike. It reduces the effort required to execute an entire portfolio of trades across multiple allocations, currencies and forward dates.

QuickOMS introduces a host of innovative order management features:

• Submit orders to banks for execution at a specified fixing.
• Execute orders individually or in competition using QuickTrade.
• Trade large net spot positions in competition, then roll allocation details forward.
• Trade net currency positions before submitting the underlying requirements.

A breakthrough for dealing with internal accounts

QuickOMS can be adapted to create tailor-made internal dealing solutions that match the workflow requirements of any Client. Whether it's an equity dealer entering an order with an internal FX trading desk, or a regional treasury requesting a price from head office, QuickOMS has a solution. All the while, FXall's industry-leading compliance and control features ensure that this automated workflow is accompanied by the tightest procedures for investors.

Settlement Center and QuickConnect - unbeatable workflow automation

QuickOMS is integrated to FXall's award-winning STP solution, QuickConnect, to provide seamless, real-time integration directly to your OMS. It is also fully integrated with Settlement Center to provide automated custodial notification and confirmation, allowing asset managers to automate the execution of requirements with several custodian banks simultaneously.

Better market insight means better execution

QuickOMS is supported by Market Insight, FXall's comprehensive source of real-time market data - giving asset managers the information they need to prove they are achieving best execution, even when dealing with a single provider.

Download

IMPORTANT: Prior to downloading the FXall platform, you will need to request a demo and obtain a User Id and Password from vCapFutures. Please click here to complete the Demo Request Form to obtain a User ID and Password.

Once you have obtained a User ID and Password from vCap FX, we will provide you with step-by-step instructions on how to download your FXall product.

Support

IMPORTANT Please DO NOT contact Platform Support for sales related information. For any account opening information please contact Sales.

vCap FX Support: + 1 512 828 6626
support@fxall.com
support@vcap.com