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Contact:
Patricia Campbell
Peregrine Financial Group, Inc. (PFGBEST)
(312) 775-3411


FOR IMMEDIATE RELEASE


PFG BEST Direct™ Trading System Continues to Lead Futures Industry with Launch of 7.0 Version

Fast, simple and reliable are qualities that surveyed users most value

Industry’s best simulated trading program within BEST Direct platform underscores PFG commitment to trader education

CHICAGO, September 16, 2003: Peregrine Financial Group, Inc. (PFG) today announced that the BEST Direct trading system’s newest capabilities and enhancements are live for both individual traders and brokers. To download the latest software for BEST Direct 7.0, visit www.pfgbest.com. Account openings are facilitated in five minutes, so that BEST Direct 7.0 software can be downloaded and trading or simulation can begin in the same day.

Simplicity of use, speed of execution, and reliability are the most critical attributes in direct online trading, according to an independent survey of retail brokerage customers. These qualities have always been the focus of BEST Direct and are the key benefits of the latest generation of software, along with the unique application of real-time trading simulation capabilities which are built in.

BEST Direct achieves its reputation for reliability through direct connections to exchange systems globally, and a multi-tiered customer service model that includes 24-hour support as well as an order desk staffed by many Series 3 professionals to ensure uninterrupted access to markets. A two-decade track record of stability has been earned as PFG BEST Direct built and consistently maintained its direct links to trading pits and into electronic exchanges.

In the new 7.0 Version, BEST Direct has enhanced

• Quotes – real-time quotes with depth of market for all Globex contracts including e-minis, single stock futures, and Merchants’ Exchange contracts;
• Charting – streaming, real-time intraday charts;
• A best-in-class trade ticket – to maximize important information in front of traders and account managers;
• Broker capabilities such as block trading -- distribution lists for single entries of a block trade and systematic allocation and customer notifications;
• BEST Advisor – tools to present and accept trading recommendations through the BEST Direct platform, and to enter trades based on those recommendations.

The highly customized applications which can be accomplished through the BEST Direct platform are exemplified by a strategic alliance PFG announced earlier this year with Himawari Securities and Himawari CX . This made Best Direct the first U.S.-based electronic trading system offered in the Japanese language and distributed through Japanese securities and commodities firms.

Russell Wasendorf, Sr., the chairman and CEO of PFG, said, “It is the combination of innovation and client-focused tradition that continues to carry PFG customers – BEST Direct users – from success to new success. Customer demand drives our technological strategy, which we combine with our traditional service model. PFG BEST Direct was first to facilitate customer order flow directly into Globex. The response to our online platform has been, for years, that it is the ultimate trading and learning tool. It provides professional traders opportunities that help them execute trades most efficiently, and benefits students of the futures markets by placing at their fingertips all of the resources to sharpen their skills, test strategies, and evaluate recommendation resources before committing their own funds.”

Wasendorf also noted that PFG BEST Direct leads the futures industry in its risk management functionality. “Every trade goes through a real-time, pre-trade risk evaluation. This is an extremely important benefit to introducing brokers who are accountable for risk,” he stated.

“Under Russ Wasendorf’s leadership, PFG has focused its efforts on global futures markets, and in particular, all Globex contracts, and the latest hybrids including e-mini and single stock futures contracts,” noted Liam Boyle, PFG’s vice president of Information Technologies. “Streaming real-time intraday charts for e-minis is the first generation of BEST Charting, and all of the new features of our BEST Direct 7.0 platform such as the enhanced trading ticket have been developed in partnership with active traders, brokers, and clients’ feedback from a benchmark survey and continuing dialogue with users,” Boyle added.

PFG is a futures commission merchant with brokerage and branch offices around the world. It offers a diverse range of trading and investor products and services. The company, headquartered in Chicago, is a leader in alternative investment vehicles, managed funds, FOREX, broker-assisted trading, educational programs, research, and direct, online futures trading through BEST Direct. For more information, visit www.pfgbest.com.


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