{"id":167555,"date":"2025-09-29T06:57:11","date_gmt":"2025-09-29T06:57:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/167555\/"},"modified":"2025-09-29T06:57:11","modified_gmt":"2025-09-29T06:57:11","slug":"hsbc-claims-quantum-trading-breakthrough","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/167555\/","title":{"rendered":"HSBC claims quantum trading breakthrough"},"content":{"rendered":"<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\">Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/p>\n<p><a href=\"https:\/\/www.ft.com\/hsbc\" data-trackable=\"link\" rel=\"nofollow noopener\" target=\"_blank\">HSBC<\/a> claimed quantum computing tools had made its trading more efficient in tests, marking a potential development for the emerging technology and its use in financial services.<\/p>\n<p>Europe\u2019s largest lender tested a tool developed by IBM on European corporate bond market data and found that the technology was 34 per cent better than traditional means in predicting how likely an order was to be filled.<\/p>\n<p>\u201cThis is\u2009.\u2009.\u2009.\u2009our most tangible demonstration of just how close we are from extracting value from quantum computing,\u201d Philip Intallura, HSBC group head of quantum technologies, said on Thursday.<\/p>\n<p>While the results from the HSBC and IBM team are only theoretical and based on historic data, the findings suggest quantum computing could have a significant impact on trading in over-the-counter markets without a centralised broker.<\/p>\n<p>The data covered more than 1mn requests for quotes on over 5,000 bonds between September 2023 and October 2024. The published study warns that any conclusions lack \u201cgeneralisation guarantees to other market environments or trading datasets\u201d.<\/p>\n<p>The technology relies on quantum bits, or qubits \u2014 the basic building blocks for quantum machines \u2014 which allow them to perform complex calculations at a much faster rate than traditional computers.<\/p>\n<p class=\"n-content-recommended__title o3-type-body-highlight\">Recommended<\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/2fe4b1a3-b0d3-403a-bdd3-f033b3e5e56a\" data-trackable=\"image-link\" data-trackable-context-story-link=\"image-link\" tabindex=\"-1\" aria-hidden=\"true\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" class=\"o-teaser__image\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/09\/https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net.jpeg\" alt=\"IBM\u2019s Quantum System Two at the company\u2019s New York research centre\"\/><\/a><\/p>\n<p>IBM is in a race with rival Google to produce an industrial scale <a href=\"https:\/\/www.ft.com\/quantum-technologies\" data-trackable=\"link\" rel=\"nofollow noopener\" target=\"_blank\">quantum computer<\/a> by the end of the decade. Quantum computing is believed to be able to drive breakthroughs in scientific research including drug discovery.<\/p>\n<p>Experts are also concerned that the arrival of quantum computing would threaten common encryption techniques of sensitive data, including within financial institutions such as banks.<\/p>\n<p>\u201cQuantum computing is a new branch of computation that uses the laws of quantum mechanics to represent and process information in a space that is exponentially more expansive and dynamic than what classical systems can access,\u201d said Jay Gambetta, vice-president of IBM Quantum, in a statement.<\/p>\n<p>Intallura added: \u201cWe have great confidence we are on the cusp of a new frontier of computing in financial services, rather than something that is far away in the future.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this&hellip;\n","protected":false},"author":2,"featured_media":167556,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[4323,86,56,54,55],"class_list":{"0":"post-167555","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-technology","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/167555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=167555"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/167555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/167556"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=167555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=167555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=167555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}