Product Updates

It has been quite an exciting day here at Currensee as we’ve been receiving generous coverage on a press release published this morning by the Wall Street Journal’s Market Watch. The premise of the piece highlighted how Currensee’s Trade Leader Investment Program has grown to include over 100 institutional partners who are currently offering the program to their investors and clients.

It is interesting to look back over the timeline beginning at the programs initial inception back in October of 2010, when it was available only to retail investors. It wasn't until roughly a year later that we started providing institutional investors the option of offering the program to their clients, which include asset managers, hedge funds, family offices, introducing brokers, and other financial institutions.

The press release also illustrated how the relatively new realm of online trading platforms are reshaping the way trading happens by allowing investors some degree more control. Javier Paz, senior analyst of Aite Group, explains some components that have contributed to the monumental shifts in forex trading.

"The abundant liquidity of the Forex markets has given rise to a new breed of professional-level traders. This development, along with the popularization of trade-replication technology and prudent copy-trading rules, are the biggest developments in institutional investing since the creation of hedge funds."

The press release definitely brings into perspective just how much this facet of trading is adapting to available technology as a means of improving the way forex investors navigate the world currency markets. Thank you so much to MarketWatch, Elite Group, and the many others who found this information worthy of posting on their blogs and sites - we really appreciate it! Find the full press release here.

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, 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.

TechCrunch reported today about an interesting new iPhone app they came across in the App Store. It's an official app made by the National Association of Securities Dealers Automated Quotations (NASDAQ), the American stock exchange. In the words of TechCrunch writer, MG Siegler, "That itself is interesting, but perhaps even more interesting is a key functionality of the app is to highlight tweets about various NASDAQ stocks."

The app is called NASDAQ Portfolio Manager and, according to TechCrunch, it's pretty slick. In addition to providing all the real-time quotes and data you'd expect, it also has some pretty cool charting features and, IMHO, the most interesting part of the whole app is that it has a special view that integrates all the latest tweets about that stock, coming in from StockTwits. If you don't know about StockTwits and you're a Forex trader, you need to check it out. The service is organized in "streams" and they recently launched a Forex stream, where you can see all the latest Forex tweets. A Forex tweet is denoted with $Currency pair (i.e. $USDJPY), and what's even cooler is that you can sort the Forex stream by pair. Say you're only interested in tweets about USD/JPY, click on the pair and just see that stream. We use StockTwits with our @Currensee Twitter stream to connect with influential Forex traders from around the world. Many new Currensee members find us on Twitter and connect with other Twitter members on Currensee.

This new NASDAQ app shows the innovation that comes when you blend social data with traditional data. The ability to look at a chart and a price and blend that with what other people are doing right now provides unique new insights and gives traders new decision-making tools. It's reinforcing to see an institution like NASDAQ push the limits on data. I'm happy to be in such good company. :)

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Be sure to read the full risk disclosure before trading Forex.  Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, 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.

1 Comment

I spent most of my career in the financial services industry. Back in the day, when I was working at one of the "big guys", we were truly innovative. New products, new technologies, first to market on many fronts but then something changed. The big guys got big and when you get big, you get hung up in meetings, politics, reorgs, red tape, managing up, reforcasting budgets and, voila, all the big innovation gets pushed aside for making the numbers and keeping the beast steady as she goes.

When I took the leap into the land of startups I never imagined a financial services vertical for startups. I wondered what there was to innovate in a place so layered in compliance, risk, security and privacy hangups? Well, first I discovered Currensee, and was charmed and delighted by the innovation and technology in the space. Then, most recently, I came across Finovate.

For those of you who know TechCrunch50 or DEMO, Finovate is the financial services equivalent. A Spring and Fall yearly event that "showcases the best new financial and banking technology innovations from established leading companies and hot young startups." The Finovate judges hand-pick the companies that get their 7 minutes of fame on stage to show (live demos only, no slideware) their latest and greatest to an audience filled with VCs, big financial services companies looking for ideas and other startups watching the competition.

After checking out several of the companies, I was pretty impressed. I loved Smarty Pig - simple, smart savings plans and accounts you can create with your family and friends. And, BrightScope - transparent information and ratings for your 401k plan.  Then there's my favorite, Bill Shrink - where Dave in Witchita found a cell phone provider that will save him $500 a year. Now, that's smart.

The best news in reviewing all the Finovate finalists is that they are all in the same business - making life simpler and better. That's where the big guys often miss the boat. When you connect to the real goal of the average investor it is, quite simply, to have a damn, good life. I am loving the fact that financial services startups are connecting to this reality, cooking up unique products and services and serving up a solid dose of innovation. We're happy to share the financial services startup space with these exciting companies and putting Finovate on our horizon for 2010.

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Be sure to read the full risk disclosure before trading Forex.  Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, 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.

What better way to end July than with an exciting and innovative release? The Currensee Team has been busy taking the product to the next level and we’re happy to launch the following new features to the platform today.

Fully Customizable Dashboard

Want to get all of your Forex trading information in one place? Our new Dashboard is paving the way to help you reach that goal. You’ll be able to choose the components that you want to see on your personalized Currensee dashboard. Want to see specific news in one place and your positions table in another? No problem, just click and drag it to where you want it.

Market Watch Improvements

We made a series of performance enhancements to our social indicators Market Watch hover and added win-loss indicators to show where the community stands against a particular currency pair.

Widget Gallery

From Forex to news to fun and games, you’ll be able to choose which widgets are displayed on your dashboard. We’ve even built three different dashboards for you to customize so you can separate the information and view it in a way that’s just right for you.

Community Volatility Widget

We’re excited to introduce the first community-powered Community Historical Volatility Widget. This rich new widget gives traders who use Support and Resistance the ability to analyze historical, community-based volume - all based on real-time price points. We look forward to getting your feedback on this one-of-a-kind widget.

New Interactive Features

You’ve asked for richer community content and we’re delivering. Now, in addition to the discussions that have been available, discussions can be categorized, commented on and given ratings by users in the community. We also added the ability to create community polls. What to know if the community thinks the USD is about to fall off a cliff? Poll them! It’s quick and easy to use.

That's all for now. We’re heading to Vegas in a few days for the Forex & Options Expo and looking forward to drawing our lucky $1,000 winner. In the meantime, thanks for your continued feedback. We hope you enjoy what you see in this new release.

Happy Trading,

The Currensee Team

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Be sure to read the full risk disclosure before trading Forex.  Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.

Today, we released an exciting new version of the Currensee platform. We have two very important new features that will add significantly more dynamic content and also continued to make significant performance improvements to the Currensee platform.

New Economic Calendar by Econoday
First, we introduced our new economic calendar powered by Econoday, one of the world’s leading data and analysis providers. The new calendar contains rich supporting analysis and charts on many major events. The calendar also includes the ability to open real-time discussions and post ideas and comments about how these events will affect trading strategies.

Customizable RSS feature
Second, we added a customizable RSS feature to the platform. Our members told us they want to have one place to view the content they read each day to help them make their trading decisions. We say...ask and you shall receive. Want to see all the Twitter feeds on the EUR/USD, or the latest quotes on the S&P or the NASDAQ? In addition to a set of default feeds, members can simply add the feeds they want to their dashboard. We're happy to feature RSS feeds from some of our own members, such as John Forman, noted Thomson Reuters analyst and Trading Essentials blogger, and Jerry Furst, FxStreet blogger, noted educator and founder of the Investors Education Network (IEN). We are also providing news content from CNN, Financial Times, Thomson Reuters and additional analysis and commentary from Mataf, FxStreet, Forex Factory and new partner, Traders Laboratory.

The Word is Spreading about Currensee - Thank You!
To those of you out there actively posting in forums and letting other traders know about what we’re doing, we can’t thank you enough. Your excitement around what we're doing is catching-on. We are also starting to get our name out there this summer as we release an exciting video campaign, participate in the August Forex & Options Expo in Las Vegas (we’ll be in booth 302 – hope to see you there), and gear up for a fall launch.

Thanks for your time, energy and passion in helping us build the Currensee community.

Happy trading,

Dave

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Be sure to read the full risk disclosure before trading Forex.  Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.


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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, 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.