The trial used trading data from Sept. 1, 2023, to Oct. 29, 2024, covering 1 073 926 requests for quotes (RFQs) relating to 5166 bonds and 747 associated tickers. It used IBM’s System 2 quantum machine with the latest Heron processors for the quantum computing involved.
An ideal test market
Jack Jacquier, Professor of Mathematics at Imperial College, London, agreed that it was an ideal market in which to test the technology. “For some time there has been a question of what we can do with quantum computing. This is ideal for quantum as they have big problems to solve.”
Gartner research vice president Matthew Brisse endorsed this view. “The financial industry has been focusing on stochastic modeling, optimization, and machine learning for derivative pricing, risk analysis, portfolio/trade optimization, hedging, swap netting, and anomaly detection to see where quantum computing could have an impact. Adding quantum-enabled algorithmic trading with quantum computing on real industry data is a major step in quantum computing’s evolution to business value,” he said.
