 In November 2016, QxBranch, in partnership with UBS, was announced as a winning bid under the Innovate UK's Quantum Technologies Innovation Fund under the UK National Quantum Technologies Programme.The partnership is working on developing quantum algorithms for foreign exchange market trading and arbitrage.In April 2017, QxBranch, in partnership with the Commonwealth Bank of Australia, released a quantum computing simulator aiming to enable software and algorithm development to assess the feasibility and performance of applications ahead of the development of silicon-based quantum computers.