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2007 Press Releases

December 17, 2007
PFGBEST.com Formalizes Vendor Integration Program; Ryan Hansen Named as Director

December 6, 2007
PFGBEST.com Retail Forex Trades Boosted by FX Express Platform

November 5, 2007
PFGBEST.com and Ward Systems Group Link: NeuroShell Trading Software on BEST Direct 8.0 Platform

November 1, 2007
PFGBEST.com Brand Marketing Gets Underway - Representing skilled trading professionals; Broad suite of trading products; Personal service for traders and investors.

October 30, 2007
PFGBEST.com´s chairman and CEO, Russ Wasendorf, Sr., was featured in the Wall Street Journal October 30 on derivatives as risk management tools.

October 24, 2007
PFG, Inc. Completes Purchase of American National Trading Corporation

September 6, 2007
PFG names winner in first-ever CTA Championship Showdown – Ken Kinkopf

August 23, 2007
Peregrine Financial Group, Inc. (PFG) today announced it is purchasing the assets of American National Trading Corporation (ANTC), which is headquartered in Los Angeles, CA. ANTC is a successful FCM which conducts business in futures, foreign exchange, and managed accounts.

PFG will transfer ANTC customer accounts as quickly as possible.

"PFG and ANTC are joining forces to better serve ANTC’s customers," said PFG Chairman and Chief Executive Officer Russell R. Wasendorf, Sr. "There are so many synergies, and we believe there will be significant benefits to ANTC customers including:

PFG, one of the largest non-clearing U.S. FCMs, was registered in 1990 and has headquarters in Chicago, IL with customers, affiliates and brokerage offices in more than 80 countries. It has experienced rapid expansion in the past several years through organic growth as well as through strategic acquisitions.

ANTC was founded in 1988. It is led by Chairman Don Varden and President Guy Zummo in Los Angeles, CA.

August 10, 2007
PFG's chairman and CEO, Russ Wasendorf, Sr., told F&O Week's Jim Kharouf that increased funding to support more CFTC staff to further regulate OTC markets, specifically energy, should not come from the already taxed customer. On September 18 the CFTC will hold a hearing to review market oversight of OTC and regulated exchanges, keeping OTC energy regulation front and center. Information gleaned from the hearing will be shared with congress and possibly expand the CFTC's regulatory role and answer other jurisdiction concerns.

July 13, 2007
PFG's chairman and CEO, Russ Wasendorf, Sr., was quoted in F&O Week on how the CME/CBOT merger will position the CME better to compete with the OTC market. On July 9 the CBOT voted to accept the recently sweetened CME offer, up by 7% to roughly $12bln. Upping the offer helped the CME win over shareholders and edge out a competing bid for the exchange by the Intercontinental Exchange (ICE). The CME/CBOT merger now allows for the trading of three major sets of futures contracts on one exchange: interest rates, stock indexes and agricultural products. The marrying of both exchanges is expected to take 12—18 months and will start with the integration of CBOT's contracts on CME's Globex trading platform in the first quarter of 2008. The second quarter of 2008 will see the CME's pits moving to the CBOT building. Still unknown is what will happen with the CBOT precious metals contracts.

June 27, 2007
PFG Intensifies Focus on Trading Systems and Auto Trading Capabilities

June 20, 2007
Winner Named in PFG's Quarterly CTA Challenge: Prize is $250,000 Allocation

June 1, 2007
PFG Hires Steven Zakrzewski - Extreme rate of growth heats up demand for additional suites of products.

May 11, 2007
PFG's John Welsh will participate in a CBOT news briefing on Friday, May 11 at 8:15 a.m. Central to analyze the USDA Crop Production and World Agricultural Supply/Demand Reports. You can call in.

May 7, 2007
PFG Chairman letter to the editor of the Wall Street Journal on the subject of exchange mergers.

April 24, 2007
John Welsh, a Senior Vice President at PFG, spoke with Dow Jones Newswires about the effects of the deteriorating housing market on the Eurodollar futures interest rate market.

April 20, 2007
In an interview with Dow Jones, Russ Wasendorf, Jr., PFG’s COO, said that although trading binary contracts on whether the CBOT will merge with the CME or ICE was off to a slow start, as liquidity grows from the retail level, bigger players will be attracted to the market. He also noted that the market growth should benefit from timeliness and could ultimately reflect the CBOT's merger decision.

March 29, 2007
PFG Shanghai Office Grows Rapidly From Forex Business; Clients in First China Branch Eager for Futures to Launch

February 14, 2007
PFG Boosts Efforts to Target Asian Market: Shanghai Office Provides Local Focus and Service

January 11, 2007
PFG launches amazing retail forex platform, FX Express.

January 2, 2007
PFG senior analyst John Welsh appeared nationally on PBS-TV Nightly Business Report to discuss his views as to whether the investment momentum in the commodity markets will continue in 2007. He believes the risk premium associated with terrorism is down, resulting in the loss of some oil speculators. John also noted with metals that gold prices could surpass previous highs. Watch the full video here.

Go to press releases prior to 2007 »