Tuesday, May 18, 2021

The timeline for quantum computing is getting shorter

Financial traders rely heavily on computer financial simulations for making buying and selling decisions. Specifically, “Monte Carlo” simulations are used to assess risk and simulate prices for a wide range of financial instruments. These simulations also can be used in corporate finance and for portfolio management.

But in a digital world where other industries routinely leverage real-time data, financial traders are working with the digital equivalent of the Pony Express. That’s because Monte Carlo simulations involve such an insanely large number of complex calculations that they consume more time and computational resources than a 14-team, two-quarterback online fantasy football league with Superflex position.

To read this article in full, please click here

Thanks to Chris Nerney (see source)

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