HSBC claimed quantum computing tools have made its trading more efficient in tests, marking a potential development for the emerging technology and its use in financial services.
Europe’s largest lender tested a tool developed by IBM on European corporate bond market data and found that the technology was 34 per cent better than traditional means in predicting how likely an order was to be filled.
“This is . . . our most tangible demonstration of just how close we are from extracting value from quantum computing,” Philip Intallura, HSBC group head of quantum technologies, said on Thursday.
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