Alaron Trading Corporation

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Alaron Trading Corporation
Alaron logo.jpg
Founded 1989
Headquarters Chicago
Products Futures Trading, Asset Management, Investment Banking

Alaron Trading Corporation was a full-service financial firm that offered futures trading, investment banking and asset management services to institutions and retail clients. It also offered services for trading gold, silver, and platinum coins, bars, and granules. In May of 2009, Peregrine Financial Group, PFGBest, bought the customer assets of Alaron Trading.[1][2]

Alaron was formed into a new division of PFGBEST called ATD.[3]

On July 31, 2009, an involuntary petition for liquidation under Chapter 7 was filed against Alaron Trading Corporation in the U.S. Bankruptcy Court for the Northern District of Illinois.[4]

On July 24, 2012, Alaron filed a complaint in Cook County Court against Chris Hehmeyer, chairman of the National Futures Association, NFA, over events that occurred between August 2008 and June 5, 2009. Alaron’s president, Steve Greenberg, alleges that Hehmeyer interfered with their efforts to sell customer accounts to PFGBest and intentionally misrepresented an offer that would expand business relationships with Alaron. The complaint seeks $4 million in damages and another $12 million in punitive damages. [5]


Alaron was founded in 1989 headquartered in Chicago.

On Nov. 13, 2008, Alaron announced it had acquired Axis Global Management, a Los Angeles-based Introducing Broker with nine employees, establishing a foothold for Alaron in California.

In 2008, Alaron was ranked 33rd among all U.S futures brokers in Futures Magazine’s annual Top 50 Brokers. Alaron was also ranked the eighth largest independent, privately owned broker.

In 2008, Alaron Trading Corporation announced an expanded global clearing relationship with Penson GHCO, a subsidiary of Penson Worldwide, Inc. Alaron chose Penson as a clearing FCM.[6]Alaron contended the move was an integral part of Alaron's growth strategy.[7]