SOURCE: Currensee

Currensee

February 22, 2011 04:00 ET

Currensee Hits $2 Billion Milestone in Volume Traded Through Trade Leaders Program

Program Grows in Popularity as Innovative Alternative Investment in World Currency Markets

NEW YORK, NY--(Marketwire - February 22, 2011) - The International Traders Expo -- Today, Currensee (www.currensee.com), the alternative investment service that gives investors unique access to the world currency markets, announced that more than $2 billion in volume has been traded through its recently launched Trade Leaders™ Investment Program. This milestone demonstrates the growing interest in the world's currency markets as a viable alternative asset class, a topic being addressed by CEO Dave Lemont at the International Traders Expo in New York this week.

Core to the growth of the program is the performance of Currensee Trade Leaders, an exclusive group of top foreign exchange (Forex) traders hand-picked from the growing Currensee social network. Trade Leaders must pass a rigorous series of performance and risk assessments before being accepted into the program. The program continues to attract traders who believe they are the next great Trade Leaders. Currensee has reviewed more than 1,000 Trade Leader applications, of which less than 2 percent have been accepted into the program.

"What's been missing from Forex trading and investing has been the transparency," said Martin Huff-Kotkom of Janus Trading, a top Currensee Trade Leader. "The Currensee Trade Leaders Investment Program removes the mystery so that anyone can take advantage of the currency markets. The investors who chose to follow Janus Trading and replicate our trades have open access to our trading strategies and performance charts and can see their trades in real-time. It's exciting to make our success their success."

The performance of Trade Leaders forms the foundation of this first-of-its-kind service for self-directed investors seeking investment options that are not correlated to the stock market. The Trade Leaders program enables investors to leverage the expertise of Trade Leaders by automatically replicating the trades of selected traders, and was launched Oct. 29, 2010. In the six months ending January 2011, Trade Leaders cumulatively returned 62.1 percent, compared to the S&P 500, which returned just 16.4 percent. It is important to keep in mind that investor returns may vary from Trade Leader returns based on a variety of factors such as slippage, fees, broker spreads, volatility or other market conditions.

More than 1,500 trades per day are being executed through the Currensee Intelligent Trade Replication Technology™, a sophisticated trade automation engine powered by proprietary algorithms and designed to precisely manage the timing and round-turn execution of trades to ensure investors receive a price as close as possible to the Trade Leader's price. Investors have real-time access to their Trade Leaders portfolio, can see all executed trades in a single dashboard view and benefit from interactive performance charts and metrics to measure their success.

"What I like the most about the Currensee Trade Leaders program is the transparency it delivers," said François Tremblay, an individual investor in the Trade Leaders Investment Program. "Currensee gives me direct access to the currency markets, and I can trust the experts to make the trade decisions but I'm still in the driver's seat with complete control over my portfolio. The website makes it easy for me to track my performance and see how I'm doing at any time. The best part is that I am seeing results, and the Currensee team has outstanding focus on client profitability and service."

Dave Lemont, CEO of Currensee, said: "The time has come for the world's currency markets to earn their recognition as a viable alternative asset class. The foreign exchange market is a viable alternative to investing in stocks, bonds or other traditional investments, as it is truly uncorrelated to the S&P, gold and other major indices. Through the Currensee Trade Leaders Investment Program, we've opened up the currency markets to more than 250 investors from almost 50 countries and hitting the $2 billion traded mark in such a short period of time is momentous for us."

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.

Please note that over the counter retail foreign currency (Forex) trading may involve significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading, and seek independent advice if necessary. Performance, strategies and charts shown are not necessarily predictive of any particular result. Past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.

Contact Information

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