FX Transparency Launches Peer Benchmark

Database of FX Trading Costs Provides Investors with Peer Comparisons

FRAMINGHAM, Massachusetts, May 19, 2010 - FX Transparency (www.fxtransparency.com) ("FXT"), an independent
provider of FX transaction cost analysis (TCA) and currency execution
consulting, today announced the launch of its FXT Peer Benchmark(TM) program,
an extension and evolution of its current suite of FX TCA services.

The firm has built a peer database of foreign exchange trades consisting
of more than 60 investment managers and plan sponsors, totaling in excess of
500,000 transactions, and the numbers continue to expand.

"Knowing your cost to trade Brazilian Real in basis points is beneficial,
but it's even more valuable to know how your execution costs compare to other
institutional money managers," said James McGeehan, chief executive officer
at FX Transparency.

Currency execution costs are under tremendous scrutiny due to recent
legal action, and there is increased regulatory focus on OTC markets, where
most currency trades are executed.

"As FX TCA becomes more common, we expect trading costs for the buy-side
to move lower, much like we saw 25 years ago in the equity markets," said
John Galanek, chief operating officer at FX Transparency.

The FXT Peer Benchmark(TM) program first compares a manager's trading
history against the firm's database of mid-market spot and forward rates. The
manager's aggregate costs in basis points are then compiled and compared to
other manager's costs in the database and given currency-specific percentile
rankings to show how they stack up against their peers.

About FX Transparency

FX Transparency is an independent provider of foreign exchange
transaction cost analysis (FX TCA) and currency execution consulting. The
firm's mission is to quantify and reduce currency trading costs for all
institutional buy-side market participants. FX Transparency was founded in
April 2009 and is headquartered in Framingham, Massachusetts. For more
information about FX Transparency's TCA services or to see how your company's
execution costs compare to others using the FXT Peer Benchmark(TM) program,
please contact us at +1-508-283-5850 or visit our website at
www.fxtransparency.com.

Media: James McGeehan, FX Transparency, LLC, +1-508-283-5852, jmcgeehan at fxtransparency.com