CME Group, the world's leading and most diverse derivatives marketplace and FinTech Sandbox, a nonprofit whose mission is to promote entrepreneurship and innovation globally in the financial technology sector, today announced a new data agreement.
CME Group will provide FinTech Sandbox startups with free access to historical futures and options data to promote technological innovation that will benefit the industry.
"We formed this agreement with FinTech Sandbox because we strongly believe in supporting entrepreneurs in the global FinTech community," said Craig Mohan, CME Group Managing Director of Market Technology and Data Services. "The futures industry was built on innovation and we are excited to help startups make advancements in areas that will positively impact our customers."
"Access to the kind of deep, quality data that CME Group is making available gives startups in our program a tremendous leg up in identifying problems to solve and in building products to the robust standards of large financial institutions," said Jean Donnelly, Executive Director of FinTech Sandbox.
Unique among organizations supporting startups in the burgeoning global FinTech ecosystem, FinTech Sandbox facilitates free access to financial data and infrastructure for up-and-coming startups. FinTech Sandbox takes no fees and requires no equity from startups that participate. The six-month program includes:
- A robust set of data feeds and APIs from a wide array of data partners
- Cloud hosting from industry-leading infrastructure partners
- Membership in a vibrant, global FinTech community
Contributed | what does this mean?