Tags: fintech

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...
Read More...
written by
Filed Under Comkex News

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...
Read More...
written by
Filed Under Comkex News

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...
Read More...
written by
Filed Under Comkex News

Ally explores fintech products using quantum computing with Microsoft

GettyImages 1306394018 e1615886711349
Join Transform 2021 this July 12-16. Register for the AI event of the year. Microsoft today announced that fintech firm Ally will join the former’s Azure Quantum program to explore how quantum computing can create opportunities in the financial sector. The two companies say that they’ll apply research on quantum-inspired algorithms to understand ways they can be tapped to solve complex optimization challenges. Experts believe that quantum computing, which at a high level entails the use of quantum-mechanical phenomena like superposition and entanglement to perform computation, could one day accelerate AI workloads compared with classical computers. Scientific discoveries arising from the field could transform energy storage, chemical engineering, drug discovery, financial portfolio optimization, machine learning, and more, leading to new...
Read More...
written by
Filed Under Comkex News

Credit subject to Status. Terms and Conditions apply. COMKEX acts as a broker and offers credit from PayPal Credit.
Box Limited is authorized and regulated by the Financial Conduct Authority.
PayPal Credit is a trading name of PayPal is Authorized and is subject to limited regulation by the Financial Conduct Authority. Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.

Intel, the Intel Logo, Intel Inside, Intel Core, and Core Inside are trademarks of Intel Corporation in the U.S. and/or other countries.

Copyright © COMKEX | Privacy Policy | terms of services