HSBC Bank published its report on September 25th, claiming it used quantum computing in its corporate bond trading business. The project, developed with IBM, sought to explore whether the technology could improve forecasts for operations in complex financial markets.
As a report detail, it becomes the first known empirical evidence of the potential value of current quantum computers. Solve actual algorithm trading problems.
In this case, the experiment was focused on Optimize your bond contribution process At the ballistic market (over the counter,OTC), the assets are negotiated directly between the two parts without a central intermediary.
The system combines classic computing resources with IBM Heron, the latest quantum processor for technology companies that have advanced in Quantum development, as reported by Cryptootics.
According to the above, the results were Improved forecasts up to 34% The possibility of operations being performed at the cited price compared to traditional methods used in the industry.
What were the benefits of using quantum computing?
In the corporate bond market, financial institutions use automated models to provide customer consultations. These systems handle market conditions and actual risk estimates to provide prices quickly and competitively.
The goal is Speed up the process Free traders and concentrate on more complex tasks.
The challenges of the experiment are explained by HSBC, which are the vast variables and factors involved in these transactions.
Quantum computing offers advantages over traditional systems; Identify hidden patterns This means that classic models cannot be processed with equal effects with noisy data.
The exam included actual data production measures in the European corporate bond market.
Quantum resource integration allowed us to estimate the probability of successful estimate requests more accurately (Request a quoteRFQ) offers a growing competitive advantage as technology advances, according to HSBC.
Philip Istolura, global chief of HSBC’s Quantum Technologies, said the project represents «A. Tangible examples How current quantum computers can solve business problems at scale and provide a competitive advantage ».
He added that the initiative confirms that the application of the technology is “an immediate border for financial services, not a distant scenario.”
Jay Gambetta, vice president of IBM Quantum, emphasized the importance of combining economic experience with research into advanced algorithms.
In his words, this type of exploration allows us to “unlock new applications that convert the industry as Quantum Computers Scaite.”
(tagstotranslate)Quantum computing
