Global bank HSBC and a team from IT systems giant IBM say that they have achieved a “ground-breaking” achievement in bond trading via quantum computing, which IBM says is a meeting of computer science and engineering “that harnesses the unique qualities of quantum mechanics to solve problems” in ways superior to classical computing. “In this… Read More >>
Look Before You Take That Quantum Leap
Quantum computing via cutting-edge hardware and algorithms is coming and there will be more hype as it gains ground in financial markets. First, a definition from IBM: “By taking advantage of quantum physics, fully realized quantum computers would be able to process massively complicated problems at orders of magnitude faster than modern machines. For a… Read More >>
Goldman Sachs & QC Ware’s Monte Carlo Breakthrough: Q&A
(Editor’s note: Researchers at investment banking giant Goldman Sachs and quantum software vendor QC Ware Corp. made an unusual announcement late last month. They declared that they achieved a breakthrough for Monte Carlo simulations. However, they noted that the advancement may have more meaning in about five years. Simply put, the breakthrough is a quantum… Read More >>
