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

Implementation in Quantum Clouds

This chapter will dig deeper into the options for executing our algorithms in quantum devices or at least solutions that will go beyond the capabilities of our classical devices. For the sake of simplicity, most of the algorithms you have seen so far used some kind of local simulation to mimic how the outcome would look when running on a real quantum computer.

When developing our approaches, we have the means to locally simulate the behavior of an ideal quantum computer while taking from the mathematical description each operation requires. But at the end of the day, the goal is to be able to send our work to a quantum device that will leverage the potential of actual quantum computing.

Given that owning a quantum computer is something very few privileged people will be able to do, we will highlight how cloud access has been an important way of leveraging those still experimental resources.

We will also illustrate several examples demonstrating...