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


FOR IMMEDIATE RELEASE

PFG Forex partners with Currenex for institutional interbank access;

Extreme rate of growth in Forex heats up demand for trading platforms

CHICAGO, September 5, 2006: To keep pace with its burgeoning online Forex business, Peregrine Financial Group, Inc. (PFG) announced today it has partnered with Currenex, Inc., named e-FX Best Trading Technology Vendor for 2006, to provide superior FX trading solutions for customers who will access Currenex trading platforms.

“Leveraging this relationship furthers our strategy to integrate the best financial operations with our own proprietary trading solutions,” commented Sean Gilman, Chief Technology Officer at Currenex. “Teaming up with PFG delivers one of the best FX brokers available, so we’re glad to make this partnership.”

Founded in 1999, Currenex offers both buy-side and sell-side customers easy access to FX spot, forward, swaps, precious metals and money market instruments on an award-winning platform with comprehensive integration capabilities. Currenex STP (Straight Through Processing) allows for the full integration of information among all participants, processed and transferred electronically among users after conducting FX transactions.

The strategic partnership with Currenex came about following successful conformance testing and protocol licensing where full access to dedicated systems proved successful for PFG’s FX technology integration to Currenex’s robust trading services.

“PFG Forex customers can elect systems which meet their individual needs. PFG’s BEST Direct FX electronic platform will continue to provide all of the back office functionality,” said PFG Forex President Russ Wasendorf, Jr. “Our clients choose the strategies that best suit their objectives while PFG concentrates on customer service, excellent back office capabilities, and leveraging technology and connectivity,” he said.

The PFG Forex Division offers standard and customized (spot and futures) Forex products and services so that individuals, multinational corporations, and institutions can all transact their foreign exchange requirements in the most liquid of environments and with ease. Retail clients can trade all of the top currency cross-rates online, plus mini Forex contracts and more. With PFG, 24-hour access to Forex markets, news, an extensive charting package, instant access to spot Forex markets, and up-to-the-minute account analysis are part of the value proposition. Billions in immediate liquidity is available through PFG’s relationships with the world's leading financial institutions, assuring that PFG Forex client trades will be quickly executed –anonymously if needed – regardless of size.

About Currenex®, Inc.

Currenex received the 2006 e-FX award for “Best Trading Technology Vendor.” Offering Executable Streaming Prices (ESP™), Request For Streams (RFS), Benchmark Trading, Algorithmic Trading, and complete Prime Brokerage functionality with fully integrated Straight Through Processing (STP), Currenex connects more than 60 global banks to a superior electronic trading network, making Currenex one of the deepest liquidity pools in Forex. Accessed through a global electronic communications network, Currenex patented technology is also available to users in privately-branded solutions. Additional information can be found at www.currenex.com. Authorised and Regulated by the Financial Services Authority | Currenex (UK) Limited, 71 Kingsway, London WC2B 6ST, UK. Registered in England No. 3882136.

Richard A. Wright, 212-340-1799, richard.wright@currenex.com

About PFG

PFG is one of the largest non-clearing U.S. futures commission merchants, with brokerage and branch offices in more than 20 countries. PFG is an industry leader in trader education and online futures trading through its BEST Direct™ platform, the first to deliver customer orders to the CME’s Globex engine in 1998. PFG offers a diverse range of trading and investment products and services including managed funds and other alternative investments, full-service futures brokerage, and forex products and services. Please visit www.pfgbest.com.