GovPX, Inc. Launches PX International; Real-time, Multi-currency, Global Market Information

Business Wire, May 22, 2002

Business Editors

NEW YORK--(BUSINESS WIRE)--May 22, 2002

Foreign Exchange Rates & Options, Money Markets, Sovereign Debt,

Interest Rate Swaps & Options

GovPX, Inc., the leading real-time U.S. Treasury and fixed-income pricing service, announced the creation of PX International -- its first service covering international markets.

PX International will offer a full range of real-time, multi-currency rates and market prices for sovereign debt, money markets, swaps, options and foreign exchange from the inter-dealer markets. This new service provides timely, accurate and reliable pricing data customized to the exact needs of each user and delivered over the internet.

"PX International answers the buy-side community's demand for cost effective, live pricing in key international markets by acting as an aggregator of branded inter-dealer market prices," said Lawrence Leuzzi, Chairman and CEO of GovPX.

"With PX International, investors can select from a comprehensive menu of non-dollar instruments -- foreign exchange, sovereign debt, swaps and options plus U.S. dollar-based instruments -- treasuries, agencies, swaps and options, and the user will be able to co-display the different data from the various contributors to create their own suite of composite pages," said Leuzzi.

The new PX International service from GovPX, Inc. will be available worldwide by July 15, 2002. For a complete listing of real-time prices type www.pxintl.com.

About GovPX, Inc.

Founded in 1990 by the leading Wall Street dealers and brokers to provide real-time prices, and other related market information on the U.S. Government Treasury securities market, GovPX, Inc. today serves a global marketplace with real-time prices and information regarding all aspects of the fixed-income marketplace. GovPX, Inc. U.S. products include: GovPX Treasuries, SwapPX, RepoPX, AgencyPX, End-of-Day Treasuries and Swaps, and Historical Database. Bloomberg, Reuters Bridge, MoneylineTelerate, CQG, Fidelity and others distribute the GovPX family of products to a worldwide audience. The GovPX, Inc. network disseminates data in fixed-format pages or by digital information feed. The digital format supports proprietary analytics and user-customized screens. For additional GovPX information, see www.govpx.com.