Wednesday November 28, 2001

TruExchange and Rolfe & Nolan Announce Straight Through Processing Partnership

Lexington, Mass. and Chicago, Ill. November 28, 2001 -- TruExchange™, Inc., a leading vendor of trading and matching engines for electronic exchanges and derivatives markets and Rolfe & Nolan Systems (R&N), the world's leading supplier of derivatives technology solutions, today announced a U.S. partnership that will enable the first Straight Through Processing (STP) solution for the derivatives industry. The agreement will provide advanced, fully integrated solutions for front-end order capture, exchange routing/access, trade matching, execution, back-office clearing, and settlement.

This agreement will allow R&N and TruExchange to cross-market each other's products and will include joint marketing campaigns to promote their integrated STP product suite to the industry. The two companies are currently integrating their product lines, including TruMarket™ (the TruExchange trading engine) running with live market data in a web-accessible ASP site managed by R&N.

TruMarket provides users with advanced functionality not currently available in existing electronic trading systems. These functions include the creation of new instruments on the fly and the execution of complex implied spreads with no legging risk. The combined solution assures fast, accurate order entry, execution and settlement and will be offered on ASP and license models including services for connectivity and back-office integration.

According to George McQuilken, Chief Executive Officer of TruExchange, "Together, TruExchange and Rolfe and Nolan offer the most complete, cost-effective, and flexible solution for implementing true STP within the derivatives industry. Our combined technology solutions enable the completion of the transaction process, from trading decision through best market match and exchange clearing; and completion of the settlement process, from exchange member clearing to ultimate settlement in the end customer's brokerage account - all seamlessly with no interruption and no delay."

According to Bob Sylverne, Chief Executive Officer of R&N's North America operations, "The integration of TruExchange into Rolfe and Nolan's derivatives technology solutions, along with the combined expertise of the two companies in dealing with electronic trading and clearing and settlement processes, allows us to extend a powerful and comprehensive STP solution to the industry. We believe that TruExchange's integration team and Rolfe and Nolan's consulting resources creates an unrivalled body of expertise in an industry where exchange and FCM requirements are becoming increasingly complex."

With the addition of TruExchange's powerful, flexible internal order matching capability, R&N's fully out-sourced STP applications will include:

• Private label web infrastructure
• Retail and professional order capture front-ends
• Pre-trade risk management
• Exchange or FCM-based internal order matching
• API access
• Market quote distribution
• Global Exchange Clearing
• Real time Internet access to back-office settlement data, reports and statements.

All of R&N's and TruExchange's products are multi-lingual, multi-currency and designed to fully accommodate any firm's branding and corporate image requirements.

About TruExchange, Inc.

TruExchange™, based in Lexington, Massachusetts, is an enterprise software and services provider for online corporate and financial markets. TruMarket™ 2.0, its flagship product, is a real-time trading and matching engine that brings efficiency, flexibility, and visibility to electronic markets across industries. TruMarket automates existing business practices for online corporate markets through customizable bid/ask trading, auctions, RFQ's, and negotiations, and delivers unmatched functionality for regulated financial exchanges, OTC markets, and broker-dealers trading futures, options, and other complex securities and derivatives.

About Rolfe & Nolan

Rolfe & Nolan, whose securities are traded on the London Stock Exchange, is based in London and has offices in Chicago, New York, Singapore, Sydney, Milan and Frankfurt. The Company develops, markets and hosts advanced software applications for international banks, brokerage firms, and regulated exchange members active in trade capture/routing and clearing/processing of worldwide futures & options transactions. R&N currently supports over 300 clients located in 23 countries around the world. For more information visit the Rolfe & Nolan web site at www.rolfeandnolan.com.

TruExchange and TruMarket are trademarks of TruExchange, Inc.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to market and develop its products. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.

For more information please contact:

Chris Kowalski
Marketing and Communications Manager
TruExchange, Inc.
781-457-1343
chrisk@truexchange.com

Jim Birney
Rolfe & Nolan Systems, Inc.
312-559-0250
jbirney@ranincusa.com