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PFGBEST® Takes Lead In Seeking Court Intervention To Release MF Global Customer Funds

Customers Need Choice In The Matter Of What Firm They Will Now Do Business With

CHICAGO, November 2, 2011 – PFGBEST today assisted in the filing of a customer petition in the Southern District of New York Bankruptcy Court for intervention to release customer assets frozen in the aftermath of the demise of MF Global.

"The purpose of this petition is to serve the customers that request to transfer their accounts to PFGBEST from MF Global," said PFGBEST President and COO Russ Wasendorf, Jr.

"Further, we are concerned about the sanctity of the marketplace," said PFGBEST General Counsel Rebecca Wing. "Success in releasing the frozen assets of MF Global futures and foreign exchange customers will permit the impacted customers to have a choice in where they go now, rather than allowing regulators and exchanges to force them to any particular Futures Commission Merchant (FCM) or clearing firm of the exchanges."

This legal action goes a step beyond an emergency motion to allow customers to move to one of a short list of FCMs, she said. The trading customers need more than just the bare minimum of their funds that would cover their positions and enough to cover margins – they need to be able to have access to their own capital to trade in the days and weeks ahead.

PFGBEST is one of the largest, non-bank FCMs in the U.S. It is a rapidly-expanding global financial services and technology firm, specializing in electronic trading platforms, futures, foreign exchange, futures options, managed accounts, and precious metals. The company is dedicated to investor education, offering 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. PFGBEST is a privately held and run FCM, with customers, affiliates and brokerage offices in more than 80 countries.

Media contact: Patricia Campbell 312–775–3411

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