Daily Pfennig

Two decades ago, Chuck Butler embarked on his extensive career in foreign investments as the Director of Operations for the Fixed Income Division of the Mark Twain Bank. He oversaw the clearing and custody of all bond department trades and Mark Twain portfolio transactions.

In 1992, he became the Chief International Bond Trader and Director of Risk Management for the Mark Twain Bank, and was responsible for trading global bonds and currencies, as well and overall risk management. In that same year, Mr. Butler began composing his now decade-old daily currency market commentary, A Pfennig for Your Thoughts—a play on the American aphorism "a penny for your thoughts"(the pfennig is the Germany equivalent of a penny). The Pfennig started as some handwritten market notes and witty anecdotes circulated every morning to help traders stay on top of the economic, currency, and market happenings. Butler’s "Daily Pfennig," as it is more commonly called today, has become a popular resource for currency investors and traders alike.

In 1999, Mr. Butler joined the team that launched EverBank as the Senior Vice President of EverBank World Markets. He oversees the trading desk and operations for over 12,000 individual and corporate clients, both in the United States and abroad, who look to EverBank for FDIC-insured World Currency Deposit Accounts, and Single Currency and Index CDs . Chuck is also a frequently quoted and respected analyst of the currency market; in 2003 and 2004, he has appeared on, was featured or quoted in, or referenced by: the Wall Street Journal, US News and World Report, CBS Market Watch, USA Today, CNNfn, the Chicago Tribune and many other publications.

PFENNIG DISCLOSURE