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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

Concepts

Financial Technology

Authors (4):

Anshul Saxena

Javier Mancilla

Iraitz Montalban

Christophe Pere

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Table of Contents (16) Chapters

Preface

1. Part 1: Basic Applications of Quantum Computing in Finance

2. Chapter 1: Quantum Computing Paradigm

3. Chapter 2: Quantum Machine Learning Algorithms and Their Ecosystem

4. Chapter 3: Quantum Finance Landscape

5. Part 2: Advanced Applications of Quantum Computing in Finance

6. Chapter 4: Derivative Valuation

7. Chapter 5: Portfolio Management

8. Chapter 6: Credit Risk Analytics

9. Chapter 7: Implementation in Quantum Clouds

10. Part 3: Upcoming Quantum Scenario

11. Chapter 8: Simulators and HPC’s Role in the NISQ Era

12. Chapter 9: NISQ Quantum Hardware Roadmap

13. Chapter 10: Business Implementation

14. Index

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15. Other Books You May Enjoy

Derivative Valuation

Derivatives pricing is one of the most crucial aspects of quantitative finance. The gross market value of derivatives contracts stood at $12.4 trillion (OTC derivatives statistics at end-December 2021 – bis.org), making it one of the most lucrative and challenging problems to simulate and optimize. Although many aspects of derivative pricing can be computed using classical computing, gate-based quantum computers can be an efficient resource when multiple computations are required, due to their ability to parallelize and handle multiple assets. This chapter looks into the theoretical aspects of derivatives pricing and examines its real-time applications through classical computing and gate-based quantum computers.

This chapter addresses the need to explain option pricing from a layman’s point of view. Various aspects of option pricing will be described in an easy-to-understand manner. Different case studies and anecdotes will be incorporated to...

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Authors (4)

Anshul Saxena

Professor Anshul Saxena is a quantum finance instructor at Christ University. His current research focus is abouton discovering the role of quantum computing in solving complex financial problems. He has filed three Indian patents and holds an international patent. He has authored a popular book on HR Analytics and has developed an automated Ppython library "Cognito" for data preprocessing. He has over a decade of work experience spreading across IT and financial services companies like TCS and Northern Trust in various business analytics and decision sciences roles. He has worked as a consultant and trainer with IBM ICE group and has trained more than 500 faculties pan India. Mr. Saxena has also worked as a Corporate Trainer and has conducted training on data science for more than 600 IT employees. He is a SAS certified predictive modeler and has recently completed a certificate in "Quantum computing for managers" for BIMTECH. He holds an MBA degree in Finance from IBS Bangalore and is pursuing his Ph.D. in Financial Risk Analytics

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Javier Mancilla

Javier Mancilla is a Senior Data Scientist, and a Quantum Business and Programming Consultant. He is a Ph.D. candidate and Master in Data Management and Innovation. He has more than 15 years of experience in digital transformation projects, withand in the last 8 years mostly dedicated to artificial intelligence, machine learning, and quantum computing, with more than 35 projects executed around these technologies. He has more than 8 certifications in quantum computing matters from institutions like MIT xPro, KAIST, IBM, Saint Petersburg University, and BIMTECH. He also was selected as one of the Top 20 Quantum Computing Linkedin Voices by Barcelonaqbit (quantum organization in Spain). Currently, he has the role of quantum machine learning advisor for different companies and organizations in Europe and Latin America and is also an I + D + i (Investigation, Development, and Innovation) evaluator for different governments in LATAM such as Chile and Paraguay

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Iraitz Montalban

Iraitz Montalban is currently Quantum Software Engineer for Kipu Quantum GmbH and PhD candidate at the University of the Basque Country in Quantum Machine Learning. He holds several master's degrees in Mathematical modelling, Data Protection and Quantum Technologies as well. Has hold positions of responsability in large organizations as well as coordinated Innovation practices in all of then given his trajectory as a reseacrher in AI and ML disciplines and his more than 15 years of experience in this field. He activelly collaborates with different universities and education institutions designing the curriculum and teaching in programs around BigData and Advanced Analytics

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Christophe Pere

Christophe Pere is an Applied Quantum Machine Learning Researcher and Lead Scientist originally from Paris, France. He has a Ph.D. in Astrophysics from Université Côte d'Azur. After his Ph.D., he left the academic world for a career in Artificial Intelligence as an Applied Industry Researcher. He learned quantum computing during his Ph.D. in his free time, starting as a passion and becoming his new career. He actively democratizes Quantum Computing to help people and companies enter this new field.

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