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


PFG Boosts Efforts to Target Asian Market:
Mr. Kem Chong named head of PFG Asian Division

Chicago, November 17, 2005 – Peregrine Financial Group, Inc. (PFG) today announced that it has formed an Asian Division to accommodate the growing demand from Asian nationals and Chinese-speaking clients here and abroad for its futures and forex products and services.

Mr. Kem Chong has joined the company to serve as Director of the PFG Asian Division. Prior to this, Mr. Chong served Asian futures business through Refco's Private Client Group, formerly Lind Waldock in Chicago, a role he started in 1995 after working for a short time at the Chicago Board Options Exchange. Mr. Chong holds a Master’s degree in Financial Markets and Trading from The Illinois Institute of Technology.

"Mr. Chong has a superior reputation for serving the needs of Chinese market participants. His focus on customer satisfaction is recognized by his clients, who have rewarded him with their loyalty and trust," said PFG Chairman and CEO Russell R. Wasendorf, Sr. "Delivering the opportunities of U.S. futures markets to clients in the languages they prefer will continue to be a core strength at PFG. Mr. Chong possesses the ability to give personal attention to his customers, whether they prefer to build and expand their portfolios on their own, using PFG’s BEST Direct™ online trading platform, or whether they utilize superior full-service broker assistance that Kem delivers," Wasendorf said. He noted that Mr. Chong will help PFG with translations for a Chinese version of BEST Direct and a dedicated website in Chinese.

"I am very enthusiastic about PFG. An important key to the integrity of PFG is the fact it has always separated forex accounts from futures accounts, segregating the funds and providing clear documentation. Best practices in back office and accounting are appreciated and present a clear value proposition," Mr. Chong said. He added that his targeted customers are finding the BEST Direct online trading system has great advantages over competitors.

These benefits include order management functions on the screen including a performance summary, giving a statistical view of each trading day; free streaming quotes and charts for electronic markets; quick trade tickets, and multiple quick trade tickets, if desired. Said Mr. Chong: "This system acts in many ways as a perfect broker; you have risk protection, accountability and access to information in a fraction of a second."

PFG specializes in direct, online trading of futures through BEST Direct, the first electronic trading platform to link retail customers directly to Globex in 1998. PFG invests heavily in its industry-leading technologies, also operating BEST Direct Forex™, and the simulation trading platform BEST Test™, which helps enhance trading skills of novice and experienced traders. In addition, PFG offers managed futures and forex, plus specialized trading systems and research. In 2005 PFG ranked as the 37th largest futures commission merchant in the universe, according to Futures Industry Association. Please visit to learn more.