Book Image

Financial Modeling Using Quantum Computing

By : Anshul Saxena, Javier Mancilla, Iraitz Montalban, Christophe Pere
5 (1)
Book Image

Financial Modeling Using Quantum Computing

5 (1)
By: Anshul Saxena, Javier Mancilla, Iraitz Montalban, Christophe Pere

Overview of this book

Quantum computing has the potential to revolutionize the computing paradigm. By integrating quantum algorithms with artificial intelligence and machine learning, we can harness the power of qubits to deliver comprehensive and optimized solutions for intricate financial problems. This book offers step-by-step guidance on using various quantum algorithm frameworks within a Python environment, enabling you to tackle business challenges in finance. With the use of contrasting solutions from well-known Python libraries with quantum algorithms, you’ll discover the advantages of the quantum approach. Focusing on clarity, the authors expertly present complex quantum algorithms in a straightforward, yet comprehensive way. Throughout the book, you'll become adept at working with simple programs illustrating quantum computing principles. Gradually, you'll progress to more sophisticated programs and algorithms that harness the full power of quantum computing. By the end of this book, you’ll be able to design, implement and run your own quantum computing programs to turbocharge your financial modelling.
Table of Contents (16 chapters)
1
Part 1: Basic Applications of Quantum Computing in Finance
5
Part 2: Advanced Applications of Quantum Computing in Finance
10
Part 3: Upcoming Quantum Scenario

Quantum clouds

Along with programming languages, widespread research and commercial use of quantum programs requires the fundamental element of cloud access (Gong et al., 2021). These cloud solutions are directly linked to quantum circuits and chips for the final testing and experiments with quantum algorithms.

Cloud access has allowed institutions and individuals to advance their QC exploration. Businesses and universities can now experiment with QC on the cloud regardless of how technology evolves and becomes popular. This began back in 2016, when IBM linked a quantum computer to the cloud and enabled the development and execution of basic cloud-based quantum apps (Castelvecchi, 2017). By 2022, at least 13 well-known companies were offering online access to quantum computers:

  • Amazon Braket (AWS)
  • Leap (D-Wave)
  • IBM Q Experience (IBM)
  • Google Quantum AI (Google)
  • Xanadu Quantum Cloud (Xanadu)
  • Azure Quantum (Microsoft)
  • Forest (Rigetti)
  • Quantum Inspire...