Goldman Sachs, IBM Lay Out Quantum Project for Derivatives Pricing
The two firms spent the better part of 2020 developing a detailed analysis of the quantum computing resources needed to achieve quantum advantage in derivatives pricing. Execs from IBM and Goldman explain why this benchmark is important for future advancements in the field.
In the world of financial services, a lot of computation goes into the pricing of derivatives, and those derivatives themselves are becoming more complex. It’s a process that could—and perhaps one day will—be improved using a quantum computer, according to executives at Goldman Sachs and IBM.
Last year, executives from the Wall Street titan and the technology giant partnered to see how this process could be improved, publishing their results in mid-December. The paper serves as the first
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