HSBC and IBM announced the world’s first quantum-enabled algorithmic bond trading trial.:
It Is the trial is the world’s first-known empirical evidence of using a hybrid quantum-classical computing approach to solve a real-world problem in algorithmic bond trading. It involved HSBC and IBM, using real, production-scale trading data from the European corporate bond market. The teams utilized a combination of quantum and classical computing resources, rather than quantum computers alone.The IBM Heron quantum processor was used to augment classical computing workflows.Algorithmic trading is the use of computer programs to automatically execute buy or sell orders for securities (like stocks, bonds, futures, or options) based on a predefined set of rules. These rules or criteria are coded based on factors like price, time, volume, or technical indicators.
