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HSBC demonstrates world’s first-known quantum-enabled algorithmic trading with IBM
HSBC announces the world’s first-known empirical evidence of the potential value of quantum computers for solving real-world problems in algorithmic bond trading.
HSBC and IBM’s trial explored how today’s quantum computers could optimise requests for quote in over-the-counter markets, where financial assets such as bonds are traded between two parties without a centralised exchange or broker. The teams validated real and production-scale trading data on multiple IBM quantum computers to predict the probability of winning customer inquiries in the European corporate bond market. In this case, IBM Heron was able to augment classical computing workflows to better unravel hidden pricing signals in noisy market data than standard, classical-only approaches in use by HSBC, resulting in strong improvements in the bond trading process.
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