Volos Portfolio Solutions Joins FinTech Sandbox

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Volos will gain free access to implied volatility data from options exchanges, fundamental data, and cloud hosting.

FinTech Sandbox, a nonprofit offering FinTech startups around the world free access to data, infrastructure, and community, announced today that Volos Portfolio Solutions has been admitted to the program. Volos will use capital markets data available through the Sandbox to complete products that analyze both over-the-counter exotic and exchange-traded, vanilla derivatives. They are the fifth FinTech startup accepted, joining Kensho, Elsen, Prophis Technologies, and Quantopian.

FinTech Sandbox was founded by entrepreneurs and investors who understood that the high cost of data and its inaccessibility to early-stage companies was holding back innovation. So, FinTech Sandbox has brought together some of the world’s leading data and infrastructure providers to solve these problems.

According to Jean Donnelly, Executive Director of FinTech Sandbox, “Volos is an example of an early-stage company that can continue to bootstrap if they choose to. They don’t need capital to pay for hosting and market data while participating in the Sandbox.”

Dan Corcoran, CEO and a co-founder of Volos, explained, “FinTech Sandbox simplifies our lives. We want to spend time on product development rather than on building data partner relationships on-by-one.”

The founders of Volos saw a unique opportunity to bring exotic options pricing and analytics to hedge funds and other institutional investors. For investors wanting exposure to the risk profile of exotic derivatives, there is no easy way to determine which specific exotic derivatives to use to achieve a particular strategic objective.
Volos will help hedge funds optimize derivative trading strategies using multidimensional modeling, saving them time and freeing them from reliance on the sell-side for pricing. After identifying optimal contract solutions, the Volos platform provides advanced visual and statistical tools for detailed analysis.

Dan continues: “Our beta testers expect us to use the highest quality data – it’s what they are accustomed to seeing. But the quality level we needed was out of our price range. Our ears perked up the second we heard we could access clean- high-quality market data for free through FinTech Sandbox. We literally looked at one another and said, 'This is perfect'.”

Volos Portfolio Solutions
Volos builds software that recommends options trading strategies to hedge funds. Utilizing stochastic optimization and advanced methods in data science, Volos evaluates trillions of unique options contract structures in order to recommend strategies that are best suited for a manager's idea. Learn more about Volos at http://www.volossoftware.com

About FinTech Sandbox
FinTech Sandbox is a Boston-based non-profit founded to promote financial technology innovation globally by providing free access to critical data and resources to FinTech entrepreneurs and startups. Sponsors include Fidelity Investments, Devonshire Investors, Thomson Reuters, Silicon Valley Bank, Amazon Web Services, Intel, SIX Financial Information, Goodwin Procter and .406 Ventures. For more information, please visit http://www.fintechsandbox.org.

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Jean Donnelly
FinTech Sandbox
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