Background

Volcube was founded in 2010 to reduce the cost, and improve the success rate, of training schemes for new option traders. Historically, new recruits to the option markets were trained by senior traders on an ad hoc basis and at great expense. The success rate of these schemes, measured by the proportion of new hires who went on to trade, was remarkably low.

The founders of Volcube wondered if an innovative technology could improve on this situation. A basic market simulator was prototyped and tested extensively with junior and senior traders alike to ensure realism. This simulator was then wrapped with multiple learning tools including the intelligent automated market mentoring system. Volcube released early versions to the market in late 2010/early 2011, receiving a warm welcome.

Since then, hundreds of option traders have traded on the Volcube simulator and the technology has continued to develop rapidly. Volcube is now used at some of the world’s leading proprietary trading firms and investment bank trading desks to train and challenge new recruits. Furthermore, the interest has become more widespread over time. The benefits of Volcube are being experienced by risk managers, trading software developers and operations staff. Volcube is used by firms looking to assess the potential of interns, cost-effectively.

In 2012, due to on-going demand from individuals currently outside the financial markets, Volcube announced plans for Volcube Starter Edition. Starter Edition offers many of the benefits of the professional version of Volcube to students and other individuals who are looking to increase the knowledge of options and options trading. Volcube Starter Edition became available in June, 2012.

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