Press Room

PFGBEST Joins Patsystems XConnect in Chicago

CHICAGO May 31, 2012 – Patsystems, the trading and risk management solutions provider to the derivatives industry, is pleased to announce that PFGBEST has joined Patsystems XConnect in Chicago to offer the trading platform to its global client base.

PFGBEST, through the FX Bridge platform, enhances its offering to institutional and retail FX clients by expanding its suite of products that include direct access to interbank liquidity. PFGBEST created the Typhoon system for straight-through processing of foreign exchange transactions and it is a model in the industry for global FX liquidity aggregation.

By using the Patsystems XConnect front end trading platform, customers of PFGBEST have low latency access to several leading futures exchanges, including CME Group, Eurex, IntercontinentalExchange (ICE), LME, and NYSE Liffe.

Customers can access these markets using one of Patsystems’ award-winning front-end trading platforms – J-Trader or Pro-Mark – which offer advanced, yet easy-to-use functionality such as multi-leg spreading, Excel integration, options strategy creation, advanced order types, and order-passing capability for brokers.

Patsystems XConnect is a high performance, fully-managed Application Service Provider (ASP) solution. It is highly scalable, supporting any number of customers, with full resiliency and redundancy. It offers the full array of benefits of the Patsystems trading solution, including a choice of front-end trading platforms, full pre-trade risk management, 24 x 6 customer support, and 24 x 7 real-time network monitoring – without the need for clients to manage or invest in hardware and related support resources. Patsystems XConnect is made up of a network of hubs located in Chicago, London, Hong Kong, Singapore, Sydney and Tokyo.

Sean Barry, Managing Director for Patsystems Americas, said:
"We are excited to welcome PFGBEST as our newest customer on Patsystems XConnect. Patsystems XConnect is ideal for PFGBEST, as its scalable architecture can support any number of users, providing a cost-effective solution for the large retail customer base served by PFGBEST. Patsystems’ front-end applications, including our widely distributed and well-established J-Trader, can be easily distributed to PFGBEST customers."

Erich Nazarof, Director of Institutional Trading at PFGBEST, added:
"PFGBEST is committed to helping clients achieve sustainable investing and trading goals. Patsystems XConnect furthers our strategy to give our customers access to best-of-breed risk management and trading capabilities." To access a free demo, please visit: www.PFGBEST.com/pats.

About Patsystems
Patsystems delivers tailored solutions, built from modular components, to enhance derivatives trading performance and trade processing. We work in partnership with our customers to deliver robust systems that align with their business strategies. Solutions can range from a plug-and-play module to address a specific issue, to complete high-performance trading systems with global market access. Patsystems operates from a global network of offices covering all major derivatives trading centres. www.patsystems.com

About PFGBEST
PFGBEST is one of the largest, non-bank Futures Commission Merchants (FCMs) in the United States. The firm is a member of the National Futures Association, and is a Forex Dealer Merchant registered with the Commodity Futures Trading Commission. PFGBEST is a rapidly-expanding global financial services and technology firm, specializing in electronic trading, futures, forex, options, managed accounts, and precious metals. The company is also an industry leader in research and investor education, and it offers numerous free webinars each week attended by hundreds of people wishing to further their knowledge and skills in trading, charting, trading psychology, and many other areas. www.PFGBEST.com.

Media Contact:
Patricia Campbell, PFGBEST, 312-775-3411 pcampbell@pfgbest.com

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