PFGBEST Announces Winners in BESTDirect Traders Challenge

PFGBEST announced that Les Steinberg is the winner of $50,000 for first place in the company’s BESTDirect Traders Challenge that ran from August 4 through December 19, 2008. Competitors traded futures and/or forex markets on the BESTDirect 8.0 electronic trading platform. Mr. Steinberg recorded an overall trading profit of $103,338.50 in his account at the close of the 20-week competition.

Mr. Girindra Sharma took second place, with a trading profit of $58,655.17, and Mr. Song Li placed third, with a trading profit of $28,059.11. Each of the top three contestants also won weekly contests throughout the Challenge duration for having the biggest gain in their trading accounts on a weekly basis. PFGBEST each week made $1,000, $600 and $400 awards to three traders demonstrating the best skills, in addition to the $50,000 at the end of the competition.

”Our company is committed to leadership in sustainable investing practices,” said PFGBEST President and Chief Operating Officer Russell Wasendorf, Jr. “We sponsor this and other Commodity Trading Advisor (CTA) competitions to help identify money managers who outperform average yields. The goal is to foster and showcase emerging talent, to help them further establish their track record, and then to allow us the ability to create and distribute managed futures and managed forex trading products for investors with $5,000 on up to invest in such a strategy,” Wasendorf said.

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