Leading Forex social networking firm Currensee announced today a new product aimed at institutional investors. Forex social networking has been, until today, mostly about allowing regular “mom-and-pop” retail investors to have access to the trades and general Forex trading knowledge of “expert” traders. Currensee’s announcement is an attempt to take Forex social networking “upstream”, with a product aimed at larger, more sophisticated institutional investors (e.g. hedge funds, money managers, HNW wealth management offices).
For a list of some of the leading Forex social networks see LeapRate’s Forex Yellow Pages. More about the sector, and the impact that social networking is having on the Forex industry, can be found in our LeapRate-Dow Jones Forex Industry Report for 2011.
For the full press release click here.