PFGBEST.com
From MarketsWiki
| PFGBEST.com | |
| |
| Founded | 1980 |
|---|---|
| Headquarters | Chicago, Illinois |
| Key People | Russell R. Wasendorf, Sr., Chrmn/CEO, Russell R. Wasendorf, Jr., President/COO; Neil Aslin, Vice Chairman |
| Products | Brokerage firm, futures/options, forex |
| Web site | www.pfgbest.com |
PFGBEST.com (formerly Peregrine Financial Group, Inc. -- PFG), founded in 1980, is a privately held non-clearing registered Futures Commission Merchant. PFGBEST.com has branch offices in Chicago; Bloomfield and New York City, NY; Camarillo and Mission Viejo, CA; Cedar Falls, IA; Scottsdale, AZ; Altamonte Springs, FL, and McKinny, TX. It serves Canada through an office in Toronto, and its Asian Division offers brokerage and other services to clients who speak various Chinese dialects. The company also has a network of brokers spanning the globe.
On January 14, 2008, Russell R. Wasendorf, Jr. was named president and COO, and Neil Aslin, who had been president, was named vice-chairman.
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History
Founded in 1980 by CEO Russell R. Wasendorf, Sr., in hometown Cedar Falls, Iowa, the company originally focused on alerting investor clients to long-term price trends in commodities and financial markets and opportunities for trading in futures and derivative markets. Wasendorf provided proprietary intelligence. He developed price indexes as instruments to help guide success in futures trading and market forecasting.
Over the years, the company evolved into one offering personalized customer service for a growing group of futures and spot market participants, then expanded into emerging stock index futures products and forex. In particular, the rapid growth in the smaller e-mini stock indexes at then-CME and CBOT, attracted a new group of users to the futures community, and PFG formed a network of futures and options brokers and advisors to respond to that demand.
In 2001, the company hopped on the single stock futures bandwagon as approval for their use was pending in the U.S. In an effort to adequately promote the potential use for these products, Wasendorf launched a magazine, SFO, which then stood for Stock Futures and Options. The magazine's mission since has broadened its focus and readership.
PFG was named for eight straight years as one of the Top 50 Brokers[1] (Futures Magazine), and in late 2007 the Futures Industry Association ranked it the 35th largest broker. According to PFGBEST.com's internal financial statement of 04Jan08, PFGBEST.com has more than US$298 million in customer funds.
Products
As a Futures Commission Merchant, PFGBEST.com offers customers access to futures and futures options markets, managed futures programs, forex, and cash metals. It developed its own proprietary front-end system, BEST Direct (with BEST Direct™ 8 its most recently released trading platform}, for futures and forex trading.
Registration Information
- PFGBEST.com, NFA ID 0232217
References
Company web site. PFGBEST.com. Retrieved on November 2, 2007.
