Mr Xeon Say, Director of REFCO Forex Limited, a licensed leveraged foreign exchange trader with the Securities and Futures Commission, remarked: "Individual forex investors in Hong Kong can now enjoy fast, secure and reliable access to global markets through our high performance electronic trading platform. Direct forex dealing traditionally has been a professional investment tool for institutional firms. Now with Refco Forex Trader, individual members have access to foreign exchange markets with tight bid/ask spreads from real time streaming prices."

REFCOFX's client-driven strategy is expressed in a unique "guaranteed prices" feature. There is no discrepancy between displayed and execution prices even during volatile times. "Although online investors are now able to view the bid/ask spread on currencies, there is still often ¡¥slippage' in the prices which means a hidden cost. REFCOFX offers instantaneous execution and guaranteed prices on all orders of up to US$1 million," explained Mr. Say.

Mr. Say continued: "The financial leverage of forex trading works both ways. To strictly limit risks for our customers, REFCOFX has built in two tiers of ¡¥stop-loss' guarantees. First, the REFCOFX Trading Station guarantees that customers will never have a debit balance in their accounts. They can also set a stop-loss on all forex trades. Such stop-loss prices are guaranteed on orders of up to US$1 million."

REFCOFX provides Thomson Financial news wire and free streaming news for investors. Designed for individual investors, REFCOFX has also incorporated a "Live Help" button which connects customers to online chats with a real-live trading representative. In addition, the REFCOFX Trading Station provides customers with specific trading recommendations 24 hours a day.

REFCO services are focused on supporting customers' trading activities with a full array of electronic trading services, facilities management, clearing, risk management, account management, trade execution and research.

The new site in Asia draws on REFCO's latest technological advances in online trading, its breadth and depth of products and services, 24-hour client support by 3,000 employees in 14 countries, US$20 billion in assets and a global client equity of US$4 billion for more than 250,000 customer accounts worldwide.

"In short, REFCOFX means industry leadership at fingertips of individual investors in Asia: world-class technology, premiere products and services, and total access to the world's financial markets," concluded Mr Say.

About REFCO Group Ltd, LLC (www.refco.com)
REFCO Group is a diversified financial services organization with operations in 14 countries and an extensive global institutional client base. REFCO Group's worldwide subsidiaries are members of principal US and international exchanges, and are among the most active members of futures exchanges in Chicago, New York, London, Frankfurt, Paris, and Singapore. In addition to its futures brokerage activities, REFCO is a major broker of cash market products, including foreign exchange, foreign exchange options, government securities, domestic and international equities, emerging market debt, and OTC financial and commodity products. REFCO also maintains a significant presence in asset management through its Forstmann-Leff and Tilney (UK) subsidiaries. REFCO ranks as one of the top global clearing firms.

About REFCO Forex Limited (www.refcofxasia.com)
REFCO Group Ltd, LLC has two regulated entities in Hong Kong ¡V REFCO Hong Kong Limited and REFCO Forex Limited ¡V to participate in the futures and forex markets. REFCO Forex Limited (CE#AIJ790) was established in 2002 and is licensed with the Securities & Futures Commission. As part of the REFCO Group, the Hong Kong operation is committed to bringing to the region next-generation financial products and services.

Issued by :
REFCO Forex Limited
Xeon Say
tel: 2537 3180 / fax: 2537 6280
URL : http://www.refcofxasia.com
email: refcofx@refco.com.hk

Through :
t6.communications limited
Jenny Lee or Frances Lam
tel: 2511 8388 / fax: 2511 8238
URL : http://www.t6pr.com
email: enquiry-at-t6pr.com (use "@" to replace "-at-")