SOURCE: Currensee

Currensee

May 10, 2011 09:15 ET

Currensee Debuts First Portfolio Builder for Social Foreign Exchange Investing at FinovateSpring

New Product Feature Improves Risk Management and Diversification for Investors

SAN FRANCISCO, CA--(Marketwire - May 10, 2011) - FinovateSpring 2011 --Currensee, www.currensee.com, the alternative investment service that gives investors unique access to the world currency markets, today unveils the Currensee Portfolio Builder™, a first-of-its-kind interactive tool that gives investors in the Trade Leaders™ Investment Program the ability to assess and manage potential performance and risk before investing. The Currensee Portfolio Builder gives investors access to an innovative, real-time graphical display that helps them build, preview and test different investment scenarios so they can create balanced and diversified portfolios. The Currensee Portfolio Builder brings new levels of transparency, control and trust to foreign exchange (Forex) investing.

The Trade Leaders Investment Program enables investors to participate in Forex investing by following and automatically replicating the trades of an elite, hand-picked group of expert Forex traders, called Trade Leaders. Before allocating dollars to a Trade Leader, investors can now use the Currensee Portfolio Builder to create hypothetical portfolios based on the performance and risk profiles of the Trade Leaders they may want to follow. Investors can customize and test the amount of money in each portfolio in real-time, and the tool is highly interactive, providing a real-time graphical display of risk and performance by Trade Leader.

"The Currensee Portfolio Builder delivers a new level of transparency and insight, giving investors an interactive and powerful tool to help make more informed investing decisions," Currensee CEO Dave Lemont said. "What's key is that investors don't need to be expert traders to participate in the world currency markets; they can leverage the expertise of our Trade Leaders to make their investments while still having full control of risk and performance goals of their personal portfolios. The innovation behind the new Currensee Portfolio Builder makes self-directed alternative investing a reality."

Currensee is one of 60 companies presenting at FinovateSpring 2011, selected after a highly competitive process during which leading established companies and hot new startups vied for the opportunity to present their perspectives about the future of global finance. Currently in private beta, the Currensee Portfolio Builder will be generally available in Q3.

About Currensee
Currensee is the alternative investment service that puts the power of world currency markets in the hands of every investor. With the Currensee Trade Leaders™ Investment Program, investors build their own automated trading portfolios of Trade Leaders, top foreign currency traders hand picked from the thousands of members of the Currensee social network. The program offers investors an alternative to traditional asset classes and Trade Leader performance is completely uncorrelated to the stock market. Currensee delivers complete account control to investors, who can see every trade in real time, manage and modify investment allocations with one click and benefit from the safety and security of proprietary online investing technology. Currensee is funded by North Bridge Venture Partners, Egan-Managed Capital and Vernon & Park Capital and is a member of the National Futures Association (NFA) and registered by the Financial Services Authority (FSA). For more information, visit us at www.currensee.com. Find us on Facebook, follow us on Twitter, and watch us on YouTube.

About FinovateSpring
FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Francisco, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event, or to view videos of previous demos, please visit www.finovate.com/spring2011.

Contact Information

  • Media Contact:
    Samantha McGarry
    InkHouse (on behalf of Currensee)
    781-791-4552
    Email Contact