Trading simulator beefs up assessment

LONDON--(BUSINESS WIRE)--Volcube, (www.volcube.com), the derivatives simulation and training technology company, today announced the availability of the latest release of its unique web-based software. The updated version includes several innovations including Volcube Market Mentor – an intelligent personalised trading assistant – plus a multi-media learning environment and a user assessment module.

“Our simulators have always been received positively, but these new features greatly increase the value added to our customers.” said Rich Wilson, Volcube's Director of Sales and Marketing. “Teaching staff how to use derivatives has traditionally been a costly and ineffective process, but our technology dramatically alters this picture, whilst reducing the risk associated with getting financial professionals up to speed.”

Volcube's software allows users to learn about derivatives trading through a mix of simulation games and learning tools. The company has a patent application pending for several aspects of their product.

“Simulators have always been used to train market-facing staff, but they have tended to focus on either the cash market or simple futures-type contracts.”, said CEO and co-founder, Simon Gleadall. “They have also relied heavily on historical datasets. We wanted to build software that was intelligent and allowed professionals to learn how to trade more complex derivatives, such as options.”

“Our simulators are entirely algo-driven. This architecture means new features such as Volcube Market Mentor are a really natural fit.”, said Chen Wang, CTO.

Volcube was founded in 2009 to build derivatives training technologies. Originally aimed at traders, the product has proven of interest to market professionals from front desks through to operations and risk staff at investment banks, proprietary firms and brokerage houses.

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