Press Room

About » Press Room » Press Release

« Back to current press releases

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


PFGBEST Acquires Alaron Customer Assets

CHICAGO, May 21, 2009 PFGBEST® today announced it is purchasing the customer assets of Alaron. It will be formed into a new division called ATD, a division of PFGBEST.

Both companies have been leaders in the futures industry for 20 years, through the evolution of online trading that helped level the playing field for retail futures market participants even as institutional use of futures, options and forex for risk management continued to grow exponentially.

PFGBEST will transfer Alaron customer accounts as seamlessly as possible. Financial details of the transaction were not disclosed.

"There are so many synergies, and we believe there will be significant benefits to Alaron customers," said PFGBEST President and Chief Operating Officer Russ Wasendorf, Jr. He said Alaron and PFGBEST share a timeline as powerhouses in retail futures trading. "Alaron was founded in 1989 and PFGBEST (formerly PFG, Inc.) was incorporated in 1990. This is a marriage of two family businesses that stake their reputation on providing personal, professional and courteous customer service, believe in the need for ongoing education, and offer research and innovation in trading products, systems, and multi-asset-class and alternative investment choices for individual and institutional investors."

Steven Greenberg, CEO, President and Chairman of the Alaron Board of Directors, stated that there are compelling reasons why futures and options customers, brokers, and prospects will see multiple benefits from the joining of the two companies. "Both Alaron and PFGBEST have been advocating on behalf of retail futures market participants for 20 years. The ability to leverage PFGBEST proprietary online trading systems, free to all customers, is an important win:win for Alaron brokers and customers. Now, multiple electronic trading platforms spanning futures, forex, and options coupled with a unique suite of managed accounts and managed forex products enhance opportunities for portfolio diversification for our combined client base."


PFGBEST is the second-largest non-clearing U.S. Futures Commission Merchant, with customers, affiliates and brokerage offices in more than 80 countries. It was incorporated as an FCM in 1990 under the name PFG, Inc. It offers a 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 sustainable investing through diversified products including managed funds, futures, forex, options, full-service and discount brokerage, trader education, research, and direct online futures trading through its BESTDirect™ platform, and numerous other platforms and applications. Please visit

About Alaron:

Alaron, founded in 1989 in Chicago, provides electronic and pit-based futures trading and asset management services to institutions and retail clients on five continents. Alaron built upon its core business by integrating global trading systems and analysis techniques used by professional traders. Its suite of products and services spans execution and account management tools, and important proprietary research. Alaron is synonymous with customer service, investor education, and electronic innovation, including analytics software.