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


FOR IMMEDIATE RELEASE

PFGBEST announces winners in BESTDirect Traders Challenge

CHICAGO, January 8, 2009: PFGBEST announced that Les Steinberg is the winner of $50,000 for first place in the company’s BESTDirect Traders Challenge that ran from August 4 through December 19, 2008. Competitors traded futures and/or forex markets on the BESTDirect 8.0 electronic trading platform. Mr. Steinberg recorded an overall trading profit of $103,338.50 in his account at the close of the 20–week competition.

Mr. Girindra Sharma took second place, with a trading profit of $58,655.17, and Mr. Song Li placed third, with a trading profit of $28,059.11. Each of the top three contestants also won weekly contests throughout the Challenge duration for having the biggest gain in their trading accounts on a weekly basis. PFGBEST each week made $1,000, $600 and $400 awards to three traders demonstrating the best skills, in addition to the $50,000 at the end of the competition.

”Our company is committed to leadership in sustainable investing practices,” said PFGBEST President and Chief Operating Officer Russell Wasendorf, Jr. “We sponsor this and other Commodity Trading Advisor (CTA) competitions to help identify money managers who outperform average yields. The goal is to foster and showcase emerging talent, to help them further establish their track record, and then to allow us the ability to create and distribute managed futures and managed forex trading products for investors with $5,000 on up to invest in such a strategy,” Wasendorf said.

The BESTDirect Traders Challenge was open to any trader or money manager who funded their own account, up to a maximum of $10,000, with PFGBEST. Entrants traded their own strategies on the BESTDirect 8.0 platform. It was a live trading event, with results posted online at www.pfgbest.com. For more information about this contest, and the winners, it is the top story on the home page; or, go directly to www.pfgbest.com/challenge/winners.asp.

PFGBEST also sponsors a quarterly CTA Challenge. In that, quarterly winners receive a $250,000 allocation to trade for PFGBEST. 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.

PFGBEST 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, and direct online trading through its BESTDirect platform.