> The research looked into using quantum machines to price complex derivatives, one of the most computing-intensive tasks in the financial markets and a significant cost for banks. ...
> The research pointed to near-term breakthroughs that will make it possible to quote prices over the phone to customers looking to trade complex derivatives, rather than wait the hours it can sometimes take to run calculations using today’s computers, said Paul Burchard, head of research in Goldman’s R&D. “There’s a very large computing bill we pay each year to price those derivatives and run risk on them,” he added.
[Article also archived at https://archive.is/DWEcI ]
