Dear Harry,

Thank you for your interest in Currenex, Inc.  The newsletter provides you
with news, announcements and upcoming events from Currenex, the leading
online multi-bank global currency exchange linking institutional buyers and
sellers worldwide. 

Currenex continues to add several new buy-side and sell-side members. The
Currenex service now boasts hundreds of active trading members around the
globe who are enjoying the benefits of electronic foreign exchange trading
with increased efficiencies through complete straight through processing
solutions.

Don't miss the November issue of The Treasurer magazine featuring an article
on electronic trading platforms and new integration standards, or the recent
article from Treasury and Risk Management magazine discussing Corporate
E-Trading.

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CURRENEX BOLSTERS SERVICE OFFERING WITH ENHANCED USER INTERFACE, A REAL-TIME
MARKET VIEW, AND COMPLETE STP SOLUTIONS FOR ITS MEMBERS 
LONDON - November 12, 2001 - Currenex(tm), Inc., today announced a set of
significant service enhancements including a customizable user interface
designed for live executable streaming prices and orders, a real-time market
view featuring live indicative interbank rates from Tullett & Tokyo Liberty,
and a complete suite of straight-through-processing (STP) solutions that
provide members faster, easier trade execution and complete STP.
To view the release in its entirety:
http://www.currenex.com/html/pr_fxintegrate.shtml

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CURRENEX LAUNCHES FXINTERNAL TO HELP CORPORATIONS MANAGE FOREIGN EXCHANGE
ACTIVITIES ACROSS SUBSIDIARIES 
LONDON - November 6, 2001- Currenex(tm), Inc., today introduced FXinternal,
a new offering that gives global corporations powerful capabilities to
manage foreign exchange transactions with their subsidiaries and affiliates.
FXinternal will enable central treasury operations to leverage aggregated
trades on behalf of their smaller subsidiaries through Currenex's trading
service. 
To view the release in its entirety:
http://www.currenex.com/html/pr_cit.shtml

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TWIST PUBLISHES SECOND VERSION OF FX INTERFACE STANDARD AND ADDS REUTERS AND
TAPX AS MEMBERS 
Second Version of Interface Incorporates Workflows for FX Trade Amendments,
Cancellations, Allocations, and Rolls 
MADRID - September 19, 2001- TWIST, the Treasury Workstation Integration
Standards Team, a group of fifteen global companies, announced today that it
has published the second version of an open standard interface at
www.twiststandards.org.  To complete the second version, TWIST has been
working in alignment with the FpML FX Products Working Group to facilitate
straight through processing (STP) by effective integration of treasury
systems with foreign exchange (FX) trading platforms. TWIST also announced
Reuters and tapX as new members and that it is working with SWIFT to
encourage harmonisation of emerging standards. 
To view the release in its entirety:
http://www.currenex.com/html/pr_fpml.shtml

To learn more about the TWIST Initiative, please visit
www.twiststandards.org 

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CURRENEX PARTNERS WITH AVT TECHNOLOGIES TO STREAMLINE FX DEALING 
Currenex Bank Members Offered Multiple Options for Price Delivery to Clients

London, October 26, 2001 - Currenex(tm), Inc. today announced that it will
integrate its online foreign currency trading service with AVT's auto
pricing engine, EchoFX, to provide significantly increased speed, efficiency
and streamlined foreign exchange dealing to Currenex bank members. Currenex
bank members can now respond to their client's price requests automatically,
or personally, using the Currenex service. AVT is a leading provider of
foreign exchange transaction technology and has established a blue chip
client base that consists of many of the world's preeminent global banks.

To view the release in its entirety: 
http://www.currenex.com/html/pr_partner_avt.shtml

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The Treasurer:
A Step in the Right Direction
Tom Buschman of Shell discusses why electronic trading platforms and new
integration standards are a step change for increased efficiency and
controls in corporate treasury.
To view the release in its entirety:
http://www.currenex.com/html/subbed1.pdf

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Treasury and Risk Management:
The Rocky Road to Corporate E-Trading 
Treasurers will drag their feet until straight-through processing arrives 
At the beginning of the year, corporate treasury departments were assured
that electronic trading was the promised land. Corporates were going to
capture big savings as banks and other sell-side institutions were forced,
by the simultaneous multiple quotes that e-trading makes possible, to offer
increasingly competitive pricing. Web sites offering corporates e-trading in
everything from foreign exchange to leasing began to spring up.
To view the release in its entirety:
http://www.currenex.com/html/news_stp.shtml

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Corporate Finance:
FX Platforms Give Internal Control
Online FX platforms are moving to the next level with internal dealing
applications. Denise Bedell speaks to corporates looking at the new systems
and to the companies developing them to see how web-based trading
applications can increase control and auditing of the entire process of FX
risk management. 
To view the release in its entirety:
http://www.currenex.com/html/news_cit.shtml

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Members:
Currenex has more than 40 major corporations and fund management firms
including Autodesk, Compaq, Ericsson, Home Depot, Intel Corporation,
MasterCard International, Sara Lee Corporation and the Royal Dutch Shell
Group as well as 45 global, market-making banks including: ABN Amro,
Barclays Capital, Merrill Lynch and Standard Chartered.

We are also proud to announce that National City and Wachovia/First Union
have recently joined the FXtrades services as bank members.

To view a more detailed list:
http://www.currenex.com/html/members.shtml

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Events:
Many exciting eFX events have occurred over the past two months.  To
highlight a few:
In September, Currenex participated at the International Cash & Treasury
Management Conference in Madrid.   At the conference, Currenex's VP and EMEA
Managing Director, Roddy Boulton, discussed foreign exchange trading along
with a case study from Bert Kors, FX Manager, Sara Lee / DE n.v.  Currenex
also partnered with Trema to showcase straight-through-processing using an
interface developed jointly by Currenex and Trema. This interface allows
users of Finance Kit to automatically receive trade details from Currenex's
FXtrades multi-bank currency exchange via the Trema Transaction HUB Service.
This interface is based upon the TWIST standard, which both Trema and
Currenex have helped develop.  For more information, please go to:
http://www.currenex.com/html/pr_showcase.shtml or visit
www.twiststandards.org
Also in September, Currenex participated at the Treasury Management
Association of New York's Cash Exchange.  Currenex and Travelex discussed
the evolution of eFX.  Check out the media alert at
http://www.currenex.com/html/pr_travelex.shtml.  At the Eurofinance Pan
European conference in Atlanta, GA., Currenex and Home Depot participated in
a case study covering eFX and the benefits to using Currenex's service.
In October, Currenex participated at the Association for Financial
Professionals Conference in Chicago where we held two sessions and also
exhibited.  The opening remarks were from Madeline Albright who was
dynamite, and though she was busy, she did make the rounds and stopped by
the Currenex booth.  At the conference, Currenex partnered with Trema,
FXpress, Integrity, Simcorp and Wall Street Systems to demonstrate
straight-through-processing that is currently being delivered to several
Currenex members.  Ted Sanborn, VP Product Management of Currenex, held an
online foreign exchange trading workshop where participants learned about
how to get started in eFX.  And Jim Kleckner, EVP and CTO of Currenex,
conducted a session on Securities and Controls for Financial Transactions on
the Internet.  To view the AFP presentations, please visit the Currenex and
AFP partner page at http://www.currenex.com/afp.html  

We all expected that the Eurofinance Madrid and AFP conferences would be
somewhat dampened by the Sept 11th attacks; however, Currenex and its
partners, found the events to be extremely worthwhile, as both an exhibitor
and conference participant.

Special congratulations to Rebecca Flick, Director of Treasury, The Home
Depot on her promotion to AFP board Chair, and Currenex looks forward to
seeing all of you there next year in The Big Easy.....

To view more information about STP and Currenex partners, please go to:
http://www.currenex.com/html/partners.shtml  

==================================================================

For more information about Currenex, please visit our website at
www.currenex.com
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