A complex quantum computing approach to complex financial risk

1622208528564
A new quantum algorithm could eventually make it easier for banks to manage the systemic risk that helped bring down the financial system more than a decade ago.Why it matters: Major financial institutions spend huge computing resources in calculating the systemic risk that may be contained in their portfolios. Replacing classical computing with a quantum architecture could allow them to do it faster and cheaper.What's happening: Zapata Computing, a Massachusetts-based quantum software company, and the Spanish bank BBVA are collaborating to develop a quantum algorithm to target credit valuation adjustment (CVA).CVA is a change to the market value of derivative adjustments that account for credit risks from counterparties. It was introduced as a new requirement for banks following the 2007–2008 financial crisis, when the banking system was almost...

Google’s data centres to use ‘carbon-intelligent computing’ – Finance

20210520065648 iStock 623094344
As Google continues to pour billions into building new data centres across the globe, the public cloud and search giant says it will shift the data processing for things like Google photos and YouTube videos to data centre where green power is more available. Starting in 2021, Google’s “carbon-intelligent computing” will move workloads from data centre to data centre based on availably of renewable energy for more than one-third of its non-production workloads. “By 2030, we plan to completely decarbonize our electricity use for every hour of every day. One way we can do this is by adjusting our operations in real time so that we get the most out of the clean energy that’s already available,” said Ross Koningstein, co-founder of Google’s Carbon-Intelligent Computing project in a blog post. “And that’s exactly what our newest...

IT News Online – Vertiv Introduces New Plug-and-Play Micro Data Center System for Edge Computing in Europe, Middle East and Africa

IT News Online Vertiv Introduces New Plug and Play Micro Data
Vertiv (www.Vertiv.com/en-emea) (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today introduced the Vertiv™ VRC-S (https://bit.ly/2SXnbAi), a fully factory-assembled micro data center designed for fast, easy installation at the edge of the network and other small IT sites. Available now in Europe, Middle East and Africa (EMEA), the Vertiv VRC-S incorporates a rack power distribution unit (rPDU), the Energy Star 2.0 certified Vertiv™ Liebert® GXT5 uninterruptible power supply (https://bit.ly/3wgINpM) (UPS), monitoring sensors and software, and the latest Vertiv™ VRC rack cooling system (https://bit.ly/3yjizV8) in a highly-efficient, all-in-one IT rack. “Choosing and deploying a micro data center has never been faster or easier, and it can even be experienced virtually with our new augmented...

Toshiba and Dharma Capital bid to bring quasi-quantum computing to HFT

quantum computing
Japanese tech giant Toshiba is joining forces with Dharma Capital to trial the use of quasi-quantum technology in financial trading. The experiment will investigate the effectiveness of high frequency trading (HFT) strategies for Japanese listed stocks based on "optimal solutions" presented by a quasi-quantum computer -Toshiba’s Simulated Bifurcation Machine.Toshiba says that by combining its computing power with conventional HFT technology, it is now possible to search statistical arbitration opportunities that have not been targeted before, with a sufficient level of low latency against market price fluctuations. More broadly, establishing trading systems that can quickly detect ever-untargeted mispricings and eliminate them is expected to further improve market efficiency and liquidity, says the...

Cheap Stocks To Buy? 4 Cloud Computing Stocks To Know

hero image stockmarket 371368
May 7, 2021 7 min read This story originally appeared on StockMarket Should Investors Buy These Cloud Stocks Amid The Recent Pullback? 2020 was a banner year for cloud computing stocks. In the past year, if you wanted to make money, the easiest way was to buy top cloud computing stocks in the stock market. Thanks to the coronavirus pandemic, demand for cloud services skyrocketed to all-time highs. With companies focusing on digital acceleration, cloud infrastructure is vital to have. Being able to conveniently store and access company data is paramount as companies are still pushing their projects and innovations amidst these troubled times. Investors and companies seem to be aware of these trends. For instance, Microsoft (NASDAQ: MSFT) has enjoyed a...

Goldman Sachs makes quantum breakthrough

quantum computing
Goldman Sachs is claiming a quantum computing breakthrough, designing algorithms it says could be used on hardware that may be available in as little as five years. The bank has been working with Silicon Valley startup QC Ware for the past couple of years to investigate the use of quantum algorithms in finance, exploring how the technology will eventually outperform classical computers for finance applications.Researchers at the two firms have been looking at how quantum computing can be tapped for the Monte Carlo algorithm used to evaluate risk and simulate prices for a variety of financial instruments.Using traditional hardware, the complex calculations needed for Monte Carlo are typically executed once overnight, which means that in volatile markets, traders are forced to use...

Ally partners with Microsoft Azure to prepare quantum computing-ready workforce

michael dziedzic ymgtirujcgc unsplash r
US fintech Ally Financial will collaborate with Microsoft on Azure Quantum solutions to develop quantum computing skills and explore how new algorithms and future quantum hardware could improve customer experience. With claims that the industry is reaching the limits of classical computing, quantum computing has become an attractive proposition. A quantum computer can perform calculations based on the probability of an object's state before it is measured - instead of just 1s or 0s and process more data compared to their traditional counterparts. Ally is collaborating with Microsoft as part of its Enterprise Acceleration Program (EAP) to resolve optimisation issues, as well as utilise available, rich data to support financial services professionals make better decisions, learn why a customer may contact a...