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Financial Modeling Using Quantum Computing

You're reading from  Financial Modeling Using Quantum Computing

Product type Book
Published in May 2023
Publisher Packt
ISBN-13 9781804618424
Pages 292 pages
Edition 1st Edition
Languages
Authors (4):
Anshul Saxena Anshul Saxena
Profile icon Anshul Saxena
Javier Mancilla Javier Mancilla
Profile icon Javier Mancilla
Iraitz Montalban Iraitz Montalban
Profile icon Iraitz Montalban
Christophe Pere Christophe Pere
Profile icon Christophe Pere
View More author details

Table of Contents (16) Chapters

Preface Part 1: Basic Applications of Quantum Computing in Finance
Chapter 1: Quantum Computing Paradigm Chapter 2: Quantum Machine Learning Algorithms and Their Ecosystem Chapter 3: Quantum Finance Landscape Part 2: Advanced Applications of Quantum Computing in Finance
Chapter 4: Derivative Valuation Chapter 5: Portfolio Management Chapter 6: Credit Risk Analytics Chapter 7: Implementation in Quantum Clouds Part 3: Upcoming Quantum Scenario
Chapter 8: Simulators and HPC’s Role in the NISQ Era Chapter 9: NISQ Quantum Hardware Roadmap Chapter 10: Business Implementation Index Other Books You May Enjoy

Local simulation of noise models

First, we must distinguish between the three naming conventions we will use during this chapter and the following ones. Previously, we talked about how quantum algorithms can be run on a classical device before being sent to a real quantum device, but there are some different ways in which this classical execution can be done. Problems such as the ones we have posed have been around for a while, and classical computing has evolved in many different ways to bring solutions to the technology at hand during this time. As we will see, this may also bring some challenges related to the specifics of the different classical setups we will cover. Mimicking quantum mechanical evolution is a non-trivial task; that was how quantum computing was proposed as a potential solution.

Simulators are the classical means of processing information in the way an ideal quantum computer would do so. Recall that quantum information theory is not a new task brought about...

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