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


FOR IMMEDIATE RELEASE

PFGBEST.com Sponsors A New Trading Competition:
BESTDirect Traders Challenge Begins on Monday, August 4

Weekly Cash Prize of $1000 to the Account with Greatest Profit
End-of-Contest Cash Prize of $50,000 for the Most Profitable Account

CHICAGO, June 19, 2008:  PFGBEST.com announced today a new competition for both futures and forex traders, using the company’s propriety electronic trading platform, BESTDirect 8.0.  The BESTDirect Traders Challenge runs from Monday, August 4 through Friday, December 19, 2008.

Each week’s winner, based on profit alone, receives $1,000 in cash from PFGBEST.com.  The second place winner receives $600 and third place winner receives $400 – with these cash prizes all awarded on a weekly basis on results calculated at 4:00 p.m. Central time on Fridays.

The contest is open to anyone who funds a futures, forex or combined futures/forex trading account with up to $10,000 (maximum) in funds, on the BESTDirect 8.0 trading platform. Contestants can enter with more than one account and can begin participating at any time during the duration of the contest.

The competition helps further establish the track record for any trader or money manager that participates. Entrants trade their own strategies.  This is a live trading event, created to further PFGBEST.com’s strategic movement into the managed futures arena.  “The purpose of the BESTDirect Traders Challenge is to identify talented futures and foreign exchange fund managers and to potentially utilize their abilities to respond to our clients’ demand for alternative investment vehicles,” said Jim O’Connell, vice president of the PFGBEST.com Managed Futures Division.

PFGBEST.com President Russ Wasendorf, Jr., said the firm has been very successful at attracting emerging, accessible and risk-appropriate investment programs. “PFGBEST.com offers clients an affordable way to access risk-appropriate diversification strategies.  By fostering and showcasing emerging talent, we are able to help create and distribute trading products where the barrier to entry is greatly reduced, for investors with $5,000 to $25,000 to put into such a strategy. This is part of our overall goal of leadership in sustainable investing practices,” he said.

PFGBEST.com also has sponsored, for more than six years, a quarterly CTA Challenge for Commodity Trading Advisors.  In it, winners of each three-month competition receive a $250,000 allocation to trade for PFGBEST.com.  And, the company sponsors the CTA Championship Showdown which features the winners of each quarterly CTA Challenge. The most profitable competitor of the Championship Showdown receives a $1 million account allocation to trade for PFGBEST.com.

The company also offers licensed versions of its suite of BESTDirect trading platforms for use in MarketZAR trading competitions, where newer traders compete for cash prizes in simulated trading.

PFGBEST.com 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 for retail investors as well as for commercial and institutional clients.  The company is a leader in managed funds and forex, full-service brokerage, trader education, research, and direct online futures trading through its BESTDirect platform, now celebrating its 10th anniversary.  Please visit www.pfgbest.com.

To learn more about BESTDirect 8.0 and to enter the BESTDirect Traders Challenge: http://www.pfgbest.com/challenge/

Or, e-mail or call Ms. Debra Stepanek at (312) 775-3580 or toll free at (888) 706-0124.

Certain conditions and trading parameters apply.  Void where prohibited by law.

 

Media contact:
Patricia Campbell
312-775-3411