Published:
Zecco's Social Investing Community Grows to 115,000+ Members While Online Trading Accounts Eclipse 70,000
BURLINGAME, Calif., April 2, 2008 /PRNewswire/ -- Zecco Holdings, Inc.,
(http://www.zecco.com ), a leading online investing community that offers
access to free stock trading through its wholly owned subsidiary, Zecco
Trading, Inc., has added over 115,000 community members and has eclipsed
15,000 active ZeccoShare investor profiles. ZeccoShare is the company's
groundbreaking social investing community, which includes more transparency
and functionality than anything of its kind.
Zecco also announced that Zecco Trading has opened over 70,000 brokerage
accounts since the company opened its doors to customers in 2006. Zecco
Trading offers customers 10 free stock trades every month for clients with at
least $2,500 in assets. Zecco Trading has seen a steady increase in accounts
despite the recent market turmoil, credit crisis and housing recession.
"Individual investors need access to the best intelligence and tools to
navigate the murky waters of today's volatile equity market, and they're
turning to Zecco Trading and our social investing community, ZeccoShare, for
that information," said Jeroen Veth, chief executive officer of Zecco
Holdings. "Despite the volatile numbers, our consistent growth in both
trading accounts and social networking activity proves that consumers still
want to invest and look for value in the stock market -- and they want to do
it in a collaborative environment."
View Community Members Beating the Market on ZeccoShare
"One of the major reasons we created the ZeccoShare community was to
facilitate the free exchange of great investing ideas and to leverage the
wisdom of the crowds," said Gabriel Dalporto, Zecco's chief strategy officer.
"While the Dow Jones Industrial Average, S&P 500 and other major stock indexes
are in negative territory over the past year, many of our members are up 20
percent, 30 percent, 40 percent or more. And many of our highest performers
are not only actively sharing their online trading ideas in the community, but
are also sharing their real, verified portfolio holdings and trading data.
While past performance doesn't guarantee future returns, you can view active
community participants on ZeccoShare that have been making very good investing
decisions and sharing quality ideas and data."
Zecco pioneered the "Investing 2.0" trend -- the interaction of social
networking and finance -- through the unique combination of its broker-dealer,
Zecco Trading, and its community, ZeccoShare. The community allows Zecco
Trading customers to share verified portfolios and trades, view other users'
performance and holdings and form groups (such as "socially-responsible
investing," "women on investing," or "boomers and retirement planning").
Zecco members have access to a new level of transparency not previously
available to online investment communities, allowing them to gain more
valuable information and feedback from their fellow investors through
discussion forums, blogs, private chat and more.
"ZeccoShare empowers individual investors by allowing them to learn from
the shared wisdom of the entire investment community," Veth said. "As we
continue to grow, we are improving the site's functionality as well by adding
important trading platform enhancements and an even stronger customer support
system."
Zecco Trading Customers Receive Free Stock Trades Each Month
To support the rapidly growing consumer base, Zecco Trading recently
appointed seasoned online brokerage executive Michael Feser as president to
build out its customer service offerings and elevate Zecco Trading's overall
brand experience. Feser was previously vice president of customer service at
E*TRADE Financial.
Zecco Trading is a discount broker offering free stock trading for users
with $2,500 in assets (10 free trades per month), and those with lower
balances pay just $4.50 per trade, one of the lowest commissions in the
brokerage industry. Investors also get advanced options analytics tools to
help them navigate their way through the investment process, and access to
CAPS, a free stock-rating service, via an alliance with The Motley Fool.
About Zecco Holdings, Inc.
Headquartered in Burlingame, Calif., Zecco Holdings, Inc.
(http://www.zecco.com ) offers users a financial social networking community,
and access to free stock trading through its wholly owned subsidiary, Zecco
Trading, Inc. This revolutionary pricing and innovative financial community
where great investing ideas can be freely shared, debated and tested, provides
a refreshing alternative to traditional stock brokers like E*TRADE, Charles
Schwab, and TDAmeritrade. Notable backers of Zecco Holdings include Velocity
Capital, LundKenner (an early investor in Skype), and Boekhoorn M&A.
Zecco/Zecco.com is not a securities broker/dealer. All securities and
investments -- including the 10 free trades per month, $4.50 thereafter offer
-- are offered through Zecco Trading, Inc., member FINRA / SIPC.
CONTACT: Kristina Ferrari/Vanessa Kitchen
Dukas Public Relations
(212) 704-7385
kristina@dukaspr.com
vanessa@dukaspr.com
SOURCE Zecco Holdings, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily News
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