HSBC said that it used International Business Machines Corp.’s most-advanced Heron quantum processor to attain a 34% improvement in predicting how likely a bond will trade at a given price.
HSBC and the US technology giant applied quantum processing to an anonymized set of European bond trading data and found it could significantly enhance the efficiency of the market.
That marks a meaningful leap as this is the first time any bank has used real trades at scale to demonstrate the edge offered by the emerging technology, which to date has largely been the preserve of academic research and specialist tech firms.
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