FXpress® Captures More Corporate Treasury Market Using FINCAD® Analytics

Vancouver, BC, Canada, September 14, 2005 – FXpress Corporation, a leading treasury risk management software provider, has made significant headway into the corporate treasury market since providing an expanded derivatives valuation offering with the help of FINCAD Analytics. Previously providing solutions for foreign exchange hedge management exclusively, the FXpress product line has expanded to cover cash management, interest rate derivatives, short-term securities, long-term debt and commodities. The expansion to FXpress’s product base was in direct response to client’s needs to trade more exotic options in increasingly sophisticated portfolios.

FXpress relies on FINCAD Analytics to provide pricing for double average rate options, Asian average rate options, exotic option pricing on foreign exchange options, VAR option pricing on fixed exotics and for building zero curves for forecasting and discounting cash flows.

"FINCAD Analytics is the de facto standard and it aids our credibility in providing accurate pricing and math models," states James Gilbert, FXpress Director of Business Development.

Mike Green, Vice President of Sales & Marketing at FINCAD states, "We are very pleased to have FXpress as a FINCAD Alliance Partner. We look forward to continued successful collaboration to help serve the corporate treasury market."

The FIRSTâ„¢ Treasury System helps corporate clients meet business and regulatory challenges and offers full compliance with FAS 133 and IAS 39. Long term goals for FXpress include expanding FIRSTâ„¢ to include enhanced cash management and more sophisticated risk management, including VAR.

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