Scotia Capital unveils Internet-based foreign exchange trading site

TORONTO, April 4, 2000 – Scotia Capital today launched ScotiaFX, a web-based foreign exchange trading system that allows clients of Scotia Capital and Scotiabank to execute, settle and track foreign exchange trades on the web.

"ScotiaFX is at the forefront of online foreign exchange trading, providing clients with unparalleled benefits," said Barry Wainstein, Managing Director & Global Head, Foreign Exchange and Money Markets, Scotia Capital. "With real-time market rates for approximately 40 currencies, ScotiaFX gives clients the flexibility and convenience of carrying out foreign exchange spot, forward and swap transactions online."

In addition to making foreign exchange trading fast and convenient, a unique feature of ScotiaFX is that it allows clients direct access to currency market commentary and strategy – published daily by Scotia Capital's foreign exchange and capital markets experts.

"By having real-time access to this information, clients can take control of their exposures, make informed decisions, execute transactions, customize their settlement procedures online, and then monitor the history of their transactions," Wainstein explained. "With the launch of ScotiaFX, we are ensuring that our clients, who are increasingly using e-commerce, are equipped with the most up-to-date technology when conducting foreign exchange transactions online."

Running on a secure platform, the ScotiaFX trading application uses state-of-the-art security technology that requires an individual ID and password to open each trading session. All data is 128-bit encrypted, and digital certificates – the latest advance in network security – are used to authenticate specific users.

To experience the benefits of ScotiaFX first-hand, visit www.scotiafx.com and click on the ScotiaFX Demo button.

Scotia Capital is a leader in the corporate and investment banking industry, with a presence in both major and regional financial centres around the world. Scotia Capital is a member of the Scotiabank Group. For more information visit or www.scotiabank.ca.

For more information:
Shelley Jourard, Public Affairs, (416) 866-6204 or shelley_jourard@scotiacapital.com