Press Room

About » Press Room » Press Release

« Back to current press releases

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

FOR IMMEDIATE RELEASE Retail Forex Trades Boosted by FX Express Platform

December 6, 2007: today announced that volumes in foreign exchange have surged to new records since the January, 2007 launch of the PFG BEST Direct FX Express (FX Express) platform was launched.

“For individual traders, the online trading platform performs well by providing the features they need to make the highly liquid, 24-hour currency marketplace completely accessible to them at their fingertips,” said Richard F. (Ric) Chappetto. Notional values for forex trading via FX Express grew by 20 percent each month during 2007, and new accounts on FX Express are opening at a rate of more than 200 per month, he added.  Chappetto’s role has been to facilitate the global expansion of forex business.  He has been an industry innovator in e-forex trading systems for many years.  Most recently, Chappetto has engaged numerous partners and FX Introducing Brokers to be part of the distribution network.

In addition to the stable and accurate price feed that is the backbone of FX Express, these features have made FX Express so vital to traders and investors who customize it according to very personal and specific standards:

“There are so many ways the user can tailor this platform for their forex trading,” said Chappetto.  “They can mix and match the onscreen views of currency prices, hundreds of different technical studies, account summaries, utilize a separate window for click trading of currency pairs, and more.”  A trader can hedge using FX Express to be simultaneously long and short in the same currency or pair without incurring additional margin.  FX Express also provides a capability for traders to receive alerts for order execution. offers standard and customized spot and futures products and services. It serves individual traders, multinational corporations, and institutions so that they can transact foreign exchange requirements in the most liquid of environments, with ease and efficiency. The company’s notional volume in FX trading averages more than US $85 billion per month. is one of the largest non-clearing U.S. futures commission merchants, with customers, affiliates and brokerage offices in more than 80 countries. It offers a diverse range of trading and investor products and services.  The company is a leader in managed funds and forex, full-service brokerage, trader education, research, and direct online futures trading through its BEST Direct platform, one of the first to deliver customer orders to the CME’s Globex engine in 1998.  Please visit