Client utilisation of PrismLight commences

FNX Limited and Synapse Technologies Ltd.

April, 2003

FNX Limited and Synapse Technologies Ltd., a wholly owned subsidiary of Singapore Technologies, recently announced that client utilisation of their jointly offered PrismLight trading and order management solution had commenced. Nine Singapore Technology relationship banks are involved in the initial rollout, as are four Singapore Technology Group companies.
PrismLights proprietary application, the Treasury Hub, will be offered with FNXs Sierra ASP product to provide a full range of straight through processing capabilities, from requests for quotes through to deal entry, risk management, and accounting. PrismLight members may request prices electronically from multiple banks and from other members for foreign exchange spot, forwards, NDFs, swaps, and money markets transactions.