PFGBEST, the second-largest, non-clearing U.S. futures commission merchant (FCM), announced the successful launch of eSignal for BESTDirect, which delivers eSignal's renowned quote board, charting and analytics features with PFGBEST's order routing and trade execution capabilities.
eSignal for BESTDirect debuted in early December in response to demand from traders who want futures and forex quotes - with select exchange data fees waived - as well as eSignal's equities data, within an electronic platform that routes orders directly to exchanges. "eSignal for BESTDirect offers professional-level charting and analytics at a fraction of the cost of competing products, which makes it an ideal solution for traders who want advanced charting, analytics, order entry and account management," said PFGBEST President and Chief Operating Officer Russ Wasendorf, Jr.
"This relationship is a 'win-win' from all angles," Wasendorf continued. "We are helping eSignal grow their futures and forex data distribution business; and, traders who need that data get the robust order routing and account management for futures and forex from our BESTDirect platform. We are able to offer eSignal for BESTDirect customers our forex prices for free, and waive applicable exchange fees for customers who choose this application. Demand is phenomenal, as the efficiencies achieved by this new platform are so obvious."