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


FOR IMMEDIATE RELEASE


PFG and TradeMaven™ Announce BEST Direct Fast™
Result is first complete package for traders to execute strategies online

CHICAGO, October 26, 2004 – Peregrine Financial Group, Inc. (PFG) and TradeMaven LLC today jointly announced a strategic alliance for one of the most important and complete upgrades available to online futures traders and investors.

The alliance brings together TradeMaven’s capabilities for implementing trading programs with PFG’s BEST Direct™ system for electronic trade execution. This solution marries the capability of TradeMaven software to handle discretionary and automated trading systems with a reliable dedicated server. It provides historical tick data to pre-populate users’ charts with no extra fees. PFG will license and market the product using the brand BEST Direct Fast™ Futures Auto System Trader.

PFG and TradeMaven will also use the “FAST” acronym to promote their jointly developed Focus and Select Technology, the industry’s newest order entry and system tracking software.

In addition, the alliance creates a whole set of live and online educational workshops in conjunction with market educators, professional traders and other authorities in the financial trading industry.

“We believe TradeMaven provides the most dynamic and easy-to-use trading system software available today,” said Russell R. Wasendorf, Sr., chairman and CEO of PFG. “Among active traders, TradeMaven is the ‘Rolls Royce’ of strategy systems for implementing trading programs, and proprietary institutional or personal trading concepts. BEST Direct provides fast and simple direct order entry capability through its reliable dedicated servers.”

TradeMaven’s CEO Jeremy Short noted, “This alliance makes a complete package that goes beyond any other strategy implementation programs available on the market. TradeMaven provides trade execution, charting and analytics all in one package. Combining the efficiency of BEST Direct execution with TradeMaven will create the best possible trading station for personal investors and traders, and for institutional traders, for whom TradeMaven was originally conceived,” he said. Following simple commands, an end user can establish one or several trading programs for which orders will be auto-executed.

“Whether the strategy is chart-based, or a proprietary trading system, orders will be delivered directly into exchange trading engines without the need for software programming. This is an enormous benefit – currently, other competitors require their programmers to write coding for programs and strategies, creating an unacceptable delay and risk for the end user,” Wasendorf added.

BEST Direct – the fast, simple and reliable online direct order entry system – and TradeMaven have similar timelines, having been among the industry’s premier electronic trading leaders since 1998. To learn more and see screen shots, please visit www.pfgbest.com/fast.

PFG is a futures commission merchant with brokerage and branch offices around the world. It offers a diverse range of trading and investor products and services. The company is a leader in offering alternative investment vehicles such as managed funds, full-service brokerage, trader education, research, and direct online futures trading through its BEST Direct platform.

TradeMaven delivers an unparalleled trading environment, experience and advantage. One of TradeMaven’s founding objectives is to level the playing field between individual and institutional traders by providing tools, information, capabilities and education once only available to institutions. As a pioneer of intelligent order placement, TradeMaven remains committed to excellence, incorporating the most useful trading features to develop the skills of traders allowing them to perform the art and profession of electronic trading with unprecedented advantage and control.



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