AlgoDynamix launches cloud-based quantum for financial analytics

AlgoDynamix announced the launch of quantum computing for behavioural forecasting for financial analytics. The new cloud-based service uses technology provided by D-Wave Systems, and will make calculations up to 10,000x faster. It will also include the entire spectrum of FX and FX treasury forecasting analytics in addition to the existing wide range of current multi-asset class forecasting analytics for asset managers, traders and other business functions.

The move to quantum comes from the fintech’s team of Cambridge PhDs who are redefining their behavioural clustering algorithms as a quantum energy state problem. This mathematical breakthrough means that even their most difficult and challenging behavioural clustering calculations can now be solved using quantum computers.

Director of Global Sales, Ian Hillier Brook, said in a statement: “This next wave of computing is a major change in approach to quickly solving complex problems in financial markets and forecasting analytics, as it enables even the most complex exponentially-challenging problem to be redefined as a series of flat-liner parallel computes. This fundamental shift in computing will most certainly be the next enabler across numerous industries, especially financial services, considering the sector’s immense computational requirements.”

AlgoDynamix CEO, Jeremy Sosabowski, said in a statement: “Being able to apply the power of quantum computing to our forecasting analytics is a significant step forward and clients will quickly benefit from increased speed and capabilities across multiple asset classes.”

Read the full release

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