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


FOR IMMEDIATE RELEASE

PFG’s Quarterly CTA Challenge Begins December 1

Winner Receives $250,000 Allocation

CHICAGO, November 20, 2006: Peregrine Financial Group, Inc. (PFG) will open the next quarterly CTA Challenge on December 1, 2006. The competition, which will culminate in a championship showdown in 2007 comprised of the first and second place winners from each quarterly contest, identifies and showcases emerging Commodity Trading Advisor (CTA) talent, strategies and techniques. Those interested in competing should go to www.pfgBEST.com/cta to enter or to see previous and current contest results. A competition is currently underway, slated to end November 30.

Mr. Bai-Jou Fu ("BJ") was the winner of the 3-month CTA Challenge which concluded August 31. He received the $250,000 managed account allocation to trade for PFG and is now eligible to participate in the first-ever CTA Championship Showdown from March 1, 2007 to August 31, 2007. BJ holds degrees in chemical engineering and computer science. He has been trading futures for about 20 years while continuing full-time employment as a software developer and tester. He has used his engineer’s discipline to develop his trading system. When the competition came to a close on August 31, BJ had a 140.72 percent rate of return, with a risk-adjusted ratio of 6.31.

This year, the CTA Challenge was rolled out in a new format. Each competition lasts three months, with new quarterly Challenges beginning on June 1, September 1 and December 1, 2006. The winner of each quarterly Challenge, based on risk-adjusted return, is awarded the opportunity to trade a $250,000 managed account for PFG. This sizable allocation helps further establish the track record for the top-performing CTA. At the conclusion of the full year, the first- and second-place winners from each quarter are invited to participate in a six-month CTA Championship Showdown from March 1 to August 31, 2007; the winner from this field of eight CTA finalists will be given the opportunity to trade a managed account of $1 million for PFG.[1]

"The sizable trading allocations awarded to winners have helped attract CTAs who have successfully demonstrated a variety of emerging, accessible, and risk-appropriate investment programs that PFG can help market to meet the demand from clients for diversification strategies," said Herb Kral, director of PFG Managed Futures.

PFG is one of the largest non-clearing U.S. futures commission merchants (FCMs) with customers, affiliates and brokerage offices in more than 80 countries. It offers a diverse range of trading and investor products and services. The company is a leader in managed funds and forex, full-service brokerage, trader education, research, and direct, online futures trading through BEST Direct, the first platform to deliver retail orders to the CME’s Globex engine. Please visit www.pfgBEST.com.

[1]Certain conditions and trading parameters apply.