Introducing Deltaray FundPro
We’re excited to announce the launch of Deltaray FundPro, our comprehensive platform designed specifically for institutional clients conducting options trading research.
FundPro represents the next evolution of the MesoSim Institutional offering, expanding our capabilities beyond backtesting to cover the entire trading lifecycle.
What's new
Over the past four months, we've been integrating the SETS machine learning model we developed in 2021, tailored to support trading decisions.
Q-API
The Stepwise Ensemble for Trade Selection (SETS) model, a regression-based approach, addresses the challenges of trade filtering and exit triggering using features derived from the options chain.
We’ve also enhanced Q-API by adding Cramer's V statistical tests (an extension of the Chi-Square test) to pre-screen predictors for machine learning models. These Q-API enhancements are option-agnostic, enabling use across any asset class.
As part of these developments, the publicly available Q-API instance will be decommissioned. Going forward, Q-API access will be exclusive to FundPro subscribers.
Current users of the free Q-API should transition to alternative solutions by June 1, 2025.
Merlin
To complement the platform, we've developed Merlin — an AI-native application implementing walk-forward optimization using the Q-API SETS model. Merlin also leverages the Modern Portfolio Theory-based optimizer from Q-API, delivering a complete solution from strategy optimization to portfolio construction.
It can synthesize SETS models into MesoSim backtests, enabling live trading capabilities through MesoLive.
It comes with full Python source code, allowing FundPro clients to customize and extend the platform for their specific needs. Additionally, Merlin functions as a library, enabling AI agents to experiment and create new strategies independently or in conjunction with the provided models.
AI-Assisted Strategy Development
The latest advances in AI coding (Claude Code, ChatGPT Codex, and Cursor) empower agents to use tools autonomously. Merlin includes all the necessary components to automate the strategy development process when paired with these AI technologies.
Simply describe your research interests in plain English — the AI tools will generate the corresponding code for you.
The Next Step for Institutional Clients
All existing MesoSim Institutional customers will be automatically upgraded to FundPro at no additional cost, gaining access to our expanded suite of services and tools.
Video Resources
To help you get started, we’ve created a detailed video series showcasing FundPro's capabilities:
View the complete FundPro playlist on YouTube to learn more about how our platform can benefit your trading operation.
Next Steps ahead: Alpha Research
As we advance, we're expanding our focus toward Alpha Research capabilities. The foundation built with FundPro enables sophisticated alpha generation workflows:
- Data-Driven Discovery: Using Option Chain data to uncover market inefficiencies and potential alpha sources
- Machine Learning Integration: Leveraging Merlin to build predictive models that identify trading opportunities
- Backtest Validation: Rigorous testing of alpha factors with Merlin and MesoSim's walkforward capabilities
Our recent work on Alpha Research with MesoSim demonstrates our commitment to this area, and FundPro takes these capabilities to the next level for institutional clients.
Getting Started with FundPro
If you’d like to learn more about Deltaray FundPro, we invite you to Book a Demo with our team.
We look forward to partnering with institutional clients and delivering our most powerful tools yet for options trading research and execution.