HSBC pioneers quantum-enabled algorithmic trading with IBM quantum computers
HSBC’s Quantum Leap: Revolutionizing Bond Trading with IBM
Innovative Quantum Computing in Financial Services
HSBC is breaking new ground in the financial services sector by harnessing the power of quantum computing to tackle complex algorithmic bond trading issues. In partnership with IBM, researchers have explored the potential of this cutting-edge technology to achieve unprecedented improvements in trading predictions.
Significant Improvements with Hybrid Quantum-Classical Techniques
By combining quantum and classical computational resources, the HSBC-IBM team analyzed real-world, production-scale bond trading data. The hybrid techniques they employed showed up to a 34% improvement in predicting trade completions compared to classical methods alone. This remarkable advancement was achieved through experiments using IBM Quantum Heron processors.
Unreproducible on Classical Systems
Interestingly, the results achieved by the team could not be replicated on classical computers even when they simulated quantum computers. This underscores the unique potential of current and near-term quantum technologies to provide financial services with a powerful competitive edge.
HSBC’s Quantum Computing Project with IBM
The initiative illustrates how industry leaders like HSBC are leveraging deep domain expertise alongside the latest quantum algorithm innovations. This collaboration demonstrates the real-world utility of quantum computers for solving a variety of practical problems within the financial sector and beyond.
For those interested in the detailed findings and insights from this groundbreaking work, El-Balad invites you to delve into the full research publication and video presentation available now.
