The following guest post is courtesy ofAdinah Brown, content manager atLeverate.
Do you have an idea for a guest post?Want your article to be viewed by the hundredsof thousands of viewers who regularly visit LeapRate and receive our daily email newsletter?Let us know at[emailprotected].
If you have not heard of quantum computing, you are not alone.
To date, most of the work of quantum computing has been taking place in universities, where super smart tech geeks work with never-before-seen technology to change the world using algorithms that most of us cant comprehend.
If youre not a tech head or theoretical mathematician, defining quantum computing doesnt really give you an understanding of what it means and what it is likely to be able to achieve. But lets give it a go anyhow.
The difference between current computing and quantum computing is the difference between binary bits of technology, where each bit is either a binary 0 or 1, and quantum computers qubits, which can be zero, one or a quantum superposition of the qubit states. In my head, I guess it is like the difference between 2D and 3D movies, but thats just an educated assumption.
What does this mean practically?
At its basic level, quantum computers are able to figure out many of the encryptions that are not possible to the figure out on a normal computer, because of the limitations of the binary bits in traditional computing. This is just one of the practical advances, but the current level of cryptographic encryptions would not be effective defense against quantum computing, leading many in the security community to fear a cryptopocalypse (which is a pretty cool way of mixing cryptography and apocalypse, even if it is a totally scary concept).
For the financial industry, it has certain impacts. The first is obviously the need to create a more secure situation to protect money, since the current encryptions will be useless in the face of quantum computing.
The second interesting one is its potential to seriously disrupt the financial markets. Quantum computers are able to execute more complex algorithms than todays computers and execute them more quickly. It can solve issues in algorithmic trading in a way that is unfeasible by current standards of computing. This means that the capabilities of algorithmic trading will increase significantly with the advent of quantum computing. By changing the capabilities of certain types of trading, the market metrics will also change, making it a significant disruptor.
Not only are existing algorithms able to be more effectively computed, but a significant potential exists to develop new algorithms. Each development will represent a new, greater level of computational capabilities, potentially rendering the previous algorithm obsolete. Companies will focus on creating new algorithms for both profit and competitive advantage.
Quantum computing has the chance to impact security in the financial industry and develop algorithmic trading, disrupting existing market dynamics and creating a new dynamic in the process. This brave, new world of computing capabilities has the power to create new unique disruptions in a similar way to AI and machine learning. Quantum computing can harness data and create algorithms to solve problems in ways that we cannot yet fathom, and like each iteration of technology that came before it, quantum computing will have the power to change the world.
See original here:
Quantum Computing and Financial Trading – LeapRate
- Intel moves towards production quantum computing with new 17 ... - October 11th, 2017
- Quantum computer a possibility in 10 years - News.com.au - NEWS.com.au - September 7th, 2017
- Scientists Propose a New Kind of Quantum Computer, But What ... - Gizmodo - September 7th, 2017
- Quantum detectives in the hunt for the world's first quantum computer - Phys.Org - September 7th, 2017
- Scientists Just Found A Use For The Hashtag In Quantum Computing - Gizmodo Australia - September 4th, 2017
- The Future of AI: From Quantum Computing to the Internet of Things - Outer Places - September 4th, 2017
- We're About to Cross The 'Quantum Supremacy' Limit in Computing - ScienceAlert - September 2nd, 2017
- Explaining the Most Recent Record for Quantum Computing: A 51-Qubit Quantum Computer Array - All About Circuits - September 2nd, 2017
- USRA Upgrades D-Wave Quantum Computer to 2000 Qubits - insideHPC - September 1st, 2017
- Quantum encrypted box hints at unhackable communication - Wired.co.uk - September 1st, 2017
- Quantum Computer Programming: What You Need to Learn to Get ... - TrendinTech - September 1st, 2017
- Google's John Martinis Believes Quantum Computing Threat to Be Long Way Off - Bitcoin News (press release) - August 31st, 2017
- Australian quantum computing outfit goes commercial - Networks Asia - August 31st, 2017
- Elusive Majorana Particle Takes Major Step Towards Quantum Computing - IEEE Spectrum - August 29th, 2017
- Australia gets quantum computing company - ACS (registration) - August 28th, 2017
- Russians Lead the Quantum Computer Race With 51-Qubit Machine - Edgy Labs (blog) - August 28th, 2017
- Bitcoin vs. The NSAs Quantum Computer Bitcoin Not Bombs - August 26th, 2017
- qBitcoin: A Way of Making Bitcoin Quantum-Computer Proof? - IEEE Spectrum - August 26th, 2017
- Hype and cash are muddying public understanding of quantum ... - Phys.Org - August 26th, 2017
- Silicon Quantum Computing launched to commercialise UNSW ... - ZDNet - August 23rd, 2017
- IEEE Approves Standards Project for Quantum Computing ... - Business Wire (press release) - August 23rd, 2017
- Introducing Australia's first quantum computing hardware company - CIO Australia - August 23rd, 2017
- What is quantum computer? - Definition from WhatIs.com - August 22nd, 2017
- Hype and cash are muddying public understanding of quantum computing - The Conversation AU - August 22nd, 2017
- Finns chill out quantum computers with qubit refrigerator to cut out errors - ZDNet - August 22nd, 2017
- UNSW joins with government and business to keep quantum computing technology in Australia - The Australian Financial Review - August 22nd, 2017
- 'Tools of DESTRUCTION' Quantum computers WILL wreak havoc ... - Express.co.uk - August 19th, 2017
- Quantum computing comes of age - Alphr - August 14th, 2017
- No, Quantum Teleportation Won't Let Us Send Instant Messages to Alpha Centauri - Air & Space Magazine - August 12th, 2017
- Google on track for quantum computer breakthrough by end of ... - August 11th, 2017
- Closing In On Quantum Computing | WIRED - August 11th, 2017
- World's Leading Physicist Says Quantum Computers Are Tools of Destruction, Not Creation - Futurism - August 10th, 2017
- Will you be able to trust a quantum computer? - Digital Journal - August 9th, 2017
- New Methods of Controlling Electrons Could be Major in Quantum Computing - TrendinTech - August 5th, 2017
- Exactly what could quantum computers do? - Electronics Weekly - August 4th, 2017
- What is quantum computing and why does the future of Earth depend on it? - Alphr - August 2nd, 2017
- The Age of Quantum Computers is upon us! - Gizbot - August 2nd, 2017
- Ultracold molecules hold promise for quantum computing | MIT News - MIT News - August 1st, 2017
- Clarifiying complex chemical processes with quantum computers - Phys.Org - August 1st, 2017
- When Will Quantum Computers Be Consumer Products? - Futurism - August 1st, 2017
- Quantum Computers Just Moved a Step Closer to Reality - NBCNews.com - August 1st, 2017
- A New Breakthrough in Quantum Computing is Set to Transform Our ... - Futurism - August 1st, 2017
- Quantum computers compete for supremacy - Salon - July 10th, 2017
- Quantum Computers Compete for "Supremacy" - Scientific American - July 5th, 2017
- Less is more for Canadian quantum computing researchers - ITworld - July 4th, 2017
- New method could enable more stable and scalable quantum ... - Phys.Org - July 4th, 2017
- Volkswagen buys D-Wave quantum computers which sell for $15 million each - Robotics and Automation News (press release) (registration) - July 2nd, 2017
- 6 Things Quantum Computers Will Be Incredibly Useful For - Singularity Hub - July 1st, 2017
- Quantum Machine Learning Computer Hybrids at the Center of New Start-Ups - TrendinTech - June 20th, 2017
- Israel Enters Quantum Computer Race, Placing Encryption at Ever-Greater Risk - Sputnik International - June 20th, 2017
- Prototype device enables photon-photon interactions at room ... - Phys.Org - June 20th, 2017
- The Quantum Computer Factory That's Taking on Google and IBM - WIRED - June 20th, 2017
- Toward optical quantum computing - MIT News - June 17th, 2017
- Get ahead in quantum computing AND attract Goldman Sachs - eFinancialCareers - June 16th, 2017
- KPN CISO details Quantum computing attack dangers - Mobile World Live - June 16th, 2017
- Quantum Computing Technologies markets will reach $10.7 billion by 2024 - PR Newswire (press release) - June 14th, 2017
- From the Abacus to Supercomputers to Quantum Computers - Duke Today - June 13th, 2017
- Quantum Computers Will Analyze Every Financial Model at Once - Singularity Hub - June 13th, 2017
- Are Enterprises Ready to Take a Quantum Leap? - IT Business Edge - June 13th, 2017
- Scientists May Have Found a Way to Combat Quantum Computer Blockchain Hacking - Futurism - June 13th, 2017
- Microsoft and Purdue work on scalable topological quantum computer - Next Big Future - June 13th, 2017
- Doped Diamonds Push Practical Quantum Computing Closer to Reality - Motherboard - June 3rd, 2017
- Team develops first blockchain that can't be hacked by quantum computer - Siliconrepublic.com - June 3rd, 2017
- D-Wave partners with U of T to move quantum computing along - Financial Post - June 2nd, 2017
- Telstra just wants a quantum computer to offer as-a-service - ZDNet - June 1st, 2017
- Microsoft, Purdue Tackle Topological Quantum Computer - HPCwire - HPCwire (blog) - June 1st, 2017
- MIT Just Unveiled A Technique to Mass Produce Quantum Computers - Futurism - June 1st, 2017
- Here's How We Can Achieve Mass-Produced Quantum Computers - ScienceAlert - June 1st, 2017
- Research collaborative pursues advanced quantum computing - Phys.Org - June 1st, 2017
- AI and Quantum Computers Are Our Best Weapons Against Cyber Criminals - Futurism - June 1st, 2017
- Scientists claim to have invented the world's first quantum-proof ... - ScienceAlert - June 1st, 2017
- Google Plans to Demonstrate the Supremacy of Quantum ... - IEEE Spectrum - May 25th, 2017
- Top 5: Things to know about quantum computers - TechRepublic - May 25th, 2017
- Is the US falling behind in the race for quantum computing? - AroundtheO - May 25th, 2017
- Artificial intelligence and quantum computing aid cyber crime fight - Financial Times - May 25th, 2017
- IBM Q Offers Quantum Computing as a Service The Merkle - The Merkle - May 25th, 2017
- Graphene Just Brought Us One Step Closer to Practical Quantum Computers - Futurism - May 25th, 2017
- How quantum computing increases cybersecurity risks | Network ... - Network World - May 25th, 2017
- US playing catch-up in quantum computing - The Register-Guard - May 22nd, 2017
- Researchers push forward quantum computing research - The ... - Economic Times - May 22nd, 2017