UBS found no advantage in quantum computing—ex data chief
The Swiss bank tested various use cases in its trading business before giving up on the technology.
UBS abandoned a multi-year effort to utilize quantum computing for trading after concluding that it offered no significant advantage over existing technologies, according to the person who led the project.
“We ran Monte Carlo simulations against market data, we ran volatility curves, and what we were trying to do was simply use the technology to get an exponential ‘back out’—something that would give us a competitive advantage,” said Lee Fulmer, who was chief data officer and head of the
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