Currensee Responds to CTA and Money Manager Need for PAMM Alternative with Intelligent Multiple Account Manager offeringPosted by Michelle Heath in Announcement, Automated Forex Trading, Community Platform, Currency Culture, Currensee, Currensee Marketplace, Forex, Forex Broker, Forex Regulations, How can I help?, Trading Platform, tags: alternative asset, CFTC, correlation, diversification, Forex, Forex Regulations, NFA, PAMM account, PAMM alternative, portfolio, regulations, securities
On September 26, Currensee announced the launch of their newest Forex investment product, the Intelligent Multiple Account Manager (IMAM). This product came in response to recent regulations on PAMM accounts that made it harder for some managers and CTAs to offer them without registering as Commodity Pool Operators or CPOs.
Previously, PAMM accounts had allowed investment management firms and CTAs the ease of managing individual client accounts by pooling them together and trading the aggregated capital and distributing gains and losses on a percentage basis. However US regulators determined that this method was too similar to a Commodity Pool operation, but without the CPO regulations, putting smaller PAMM investors at risk for liquidity problems.
Now, with Currensee’s IMAM solution, managers have an alternative to a PAMM that still provides a way to enjoy centralized management, and does it without additional record keeping and accounting hassles.
The IMAM will help managers by allowing them to set allocations from one central location for all accounts. It differs from a PAMM by using Currensee’s Intelligent Trade Replication Technology (the same techy goodness that makes the Trade Leaders Investment Program possible), which executes trades at the same time, but separately in each investor’s individual account, at each investor’s correct position size and leverage. This is the key differentiator that makes the Currensee IMAM more than just a PAMM alternative
For more information on how the IMAM works, visit Currensee IMAM
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