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Hsbc Tests Quantum Computing in a Simulated Trading Environment
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Quantum computing is described as a solution in search of a problem. One example of its use in the business world is the alliance between HSBC and IBM. Their joint project could help banks plan future operations. According to HSBC and IBM, this project is the first example of quantum computing being used in algorithmic trading. To do so, they used different models to predict the probability of bonds trading at a given price. They discovered that…
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