Peregrine Financial launches online trading platform for retail clients

Source: Peregrine Financial Group (PFG)

To keep pace with its burgeoning online retail futures and forex businesses, PFG (Peregrine Financial Group, Inc.) today announced it has developed yet another capability tailored to specific needs of it retail client base - BEST Direct Web.

Now, any trader anywhere in the world with an Internet connection can have direct access into PFG's proprietary trading engine.

The creation of BEST Direct Web responds to demand from PFG's global clients because it can offer different languages. As with the BEST Direct online trading platform, it gives the same critical ability to create and enter orders while viewing quotes for all electronically traded futures and options; streaming charts; customized list of contracts used most frequently, and continual updates to the account with real-time profit and loss information. Also important to the retail trader is the enhanced reliability BEST Direct Web can provide due to multiple exchange connections for greater redundancy.

"Traders served by the PFG Asian Division applaud the creation of this product," said Kem Chong, who directs that unit. "Asian nationals and Chinese-speaking clients are more active than ever in futures and forex products and services, and this permits them to conduct business in the language of their choice," he said.

"Delivering the opportunities of U.S. futures markets to clients in the languages they prefer will continue to be a core strength at PFG," said Russell R. Wasendorf, Sr., chairman and CEO of PFG. "BEST Direct Web is a direct result of innovating to meet client demand. Our customers told PFG that the BEST Direct online trading system has great advantages over other competitors. The benefit of order management functions on their screens helps clients with risk protection and accountability. Access to information in a fraction of a second is also a driving factor for trading success. Customers asked for a Chinese version of our trading platform, and we have delivered it, through the internet," Wasendorf added.

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