http://preview.collective2.com/pressreleases/C2_pr_20090804.pdf
Contact: Michael Robinson
510-428-2167
New York -- Aug. 4, 2009 -- In a sign of the continued flight of
investors from high-priced money managers to do-it-yourself Internet
investing, Collective2.com today announced that it facilitated a record
$3.6 billion in self-directed trades in June 2009, roughly a 10-fold
increase from the year before.
For the first six months of this year, the nominal value of financial
instruments traded through Collective2.com totaled $11.65 billion.
That compares with about $1.1 billion in the similar 2008 period. Also
during the period, registered users grew 25 percent to 32,000.
Collective2.com acts as an online repository for automated trading
systems. The site allows any investor with an Internet connection to
select from nearly 9,000 trading systems that have been developed
by mathematicians and traders from around the world. Once an
investor selects his systems, trades are automatically placed in the
customerʼs regular brokerage account.
A trading system is a set of formulas and rules that generate buy and sell
recommendations based on price, volume or other data. Collective2.com
trading systems cover stocks, options, futures and foreign exchange.
"Were seeing more investors flee from so-called professional money
managersʼ and decide they can do better, and pay less, while
maintaining complete control over their brokerage accounts," said
Matthew Klein, President of Collective2. "At Collective2, an investor
with only $10,000 can have access to the same high-end automated
trading strategies as a money manager running a $100 million
portfolio."
The Collective2 automated trading platform is completely transparent.
Funds remain in the customers brokerage account. The customer
alone selects which trading strategies are automated in his account
and can see, in real time, exactly which trades are being placed
