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


FOR IMMEDIATE RELEASE

PFGBEST® Foreign Exchange Customers Storm to Typhoon

PFGBEST proprietary Typhoon system aggregates tier one banks´ pricing so customers get best currency prices with no dealer intervention

CHICAGO, June 10, 2010 – PFGBEST foreign exchange clients of all levels now can access the technology of Typhoon, a “liquidity aggregator” that PFGBEST created to allow the world’s largest banks to compete with the best bids and offers for both retail and institutional traders.  Typhoon gives individual investors, CTAs, hedge funds, money managers and institutions equal and anonymous access to the true interbank foreign exchange (FX) marketplace, optimizing trading opportunities for all traders.

“Typhoon ensures straight-through processing, so that all orders are automatically matched to the best available bid or offer without dealer desk intervention.  This model ensures efficient, transparent price discovery and order execution in the world’s fastest-growing market, which is global foreign exchange,” said PFGBEST President and Chief Operating Officer Russ Wasendorf, Jr.

“PFGBEST is the customer’s single source of liquidity, and with Typhoon, they have access to some of the largest banks and global forex liquidity providers that are competing to provide the best quotes,” Wasendorf added.

PFGBEST built the pioneering Typhoon price aggregation system in response to demand from customers for direct market access to tier one bank prices.  With just one account with PFGBEST, customers have the power of the Typhoon system to find the best bid and offer spreads available in a pool of deep liquidity.

Typhoon can be accessed through all of the PFGBEST electronic trading applications, including both proprietary platforms and direct API products.  Some of the electronic platforms that offer Typhoon as a price source are BESTDirect 8.0®, BESTDirect Mobile®, BESTDirect Web®, BESTDirect Ninja Trader®, BESTDirect ProTrader®, BESTDirect Navigator®, and eSignal for BESTDirect®.  Additionally, anyone can open up a free test account to trade over Typhoon. The best part about that is that the test account will never expire.

PFGBEST inaugurated Typhoon and began distributing the capability to its foreign exchange client base some seven months ago, and dollar volume through the system increased more than 40 percent since January.

PFGBEST created Typhoon as part of a strategy to owning its own technology so that clients are never at the mercy of vendors or third party providers.  PFGBEST has also taken the development of Typhoon technology and applied it to precious metals dealers for its affiliate, PFG Precious Metals, Inc.

PFGBEST, a rapidly-expanding global financial services and technology firm, is among the largest non-clearing U.S. Futures Commission Merchants, with customers, affiliates and offices in more than 80 countries.  PFGBEST specializes in sustainable investing practices through electronic trading, futures, foreign exchange, options, managed accounts, full-service and discount brokerage, precious metals, and investor research. The company is also an industry leader in market education, and it offers numerous free webinars each week attended by hundreds of people wishing to further their knowledge and skill in trading, charting, electronic market access, comprehending various government reports, enriching their understanding of trading psychology and many other topics.

 

To learn more about PFGBEST and its proprietary suite of trading products and platforms, including BESTDirect, please visit www.pfgbest.com.

 

To learn more about Typhoon, please contact Ric Chappetto at PFGBEST Forex:

rchappetto@pfgbest.com or 312-775-3586.