This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

WOCU® Developed By City Firm To Deal With Currency Wars

LONDON, April 9, 2013 /PRNewswire/ --

WOCU Limited, a private company based in the City of London, has developed the WOCU® - a universal and relatively stable world currency unit.

In a World of economic turmoil, currency devaluation rivalry and increasingly globalised business, the WOCU is a natural currency stabiliser and oil for troubled waters.

The WOCU (code: XCU) unit is an apolitical, elegantly constructed basket of World currencies that naturally adjusts to the rise and fall in the prominence of its constituents; the Top Twenty national economies by GDP and the relative strength of their currencies. The WOCU embraces the success of booming economies (such as China) and reduces exposure to those that are struggling. Weighted by IMF published figures and taking in real time exchange rates, the WOCU algorithm outputs WOCU cross rates in real time. WOCU prices are transparent, trustworthy and independent. The WOCU can be used to reduce risk and assist decision making in saving, investment, international trade, commodity pricing, project finance, international portfolios and indexes, and a host of other applications.

WOCU Limited is taking enquiries from financial institutions and corporates interested in utilising the WOCU. Interested commercial parties can go to http://www.wocu.com to get more information on the WOCU and to gain access to live and delayed WOCU prices.

Historical comparative volatility rates since 2000 can be charted to demonstrate the WOCU volatility advantage using the WOCU Volatility Tool, found under the "WOCU Applications" tab on http://www.wocu.com. For those on the move, a WOCU rates iPhone application is also available; free to download from iTunes.

Lord Flight, former Shadow Chief Secretary to the Treasury & Author of  " All You Need To Know About Exchange Rates " , commented; "The introduction of the WOCU was a great day in the history of currency. The WOCU provides those engaged in international trade with a properly representative currency unit of account. In a period of potentially rising exchange rate turbulence the WOCU will be in growing demand as a more up to date currency unit of account than the SDR."

Mike Blakey, MD of WOCU Limited said; "The WOCU has a wide application and its innovation has generated great interest from both banks and exchanges. The first institutions to make commercially available WOCU products will be the winners, as will their customers, who will greatly benefit from the natural stability of the WOCU."

About The WOCU

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,501.65 0.00 0.00%
S&P 500 1,878.61 +3.22 0.17%
NASDAQ 4,148.3380 +21.3710 0.52%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs