TECHNOLOGY STRATEGY
“ Algorithm trading actually uses a lot of advanced computation to do the problem,” he says.“ And what they’ re doing is a big optimisation problem, and what the team has done is injected into this optimisation, a quantum algorithm that looks for patterns. And since we know that quantum is better at finding certain types of patterns or structure, this is a good candidate of exploring quantum computing for industry applications.”
The collaboration required expertise across multiple disciplines.“ We literally got together a global and interdisciplinary team of experts from HSBC and IBM that really brought together a unique set of skills from quantitative finance, trading, data science and AI to quantum algorithms and hardware,” says Manuel Proissl, IBM Quantum Industry Applications Lead for Financial Services.
“ The exciting part about this collaboration, and in particular this project, was to directly work with the algorithmic traders that work with these models every day and know their limitations,” Manuel says.“ They really understand the problem at the heart and this inspired also the way how we would approach going in from a quantum perspective.”
Josh Freeland, Global Head of Algo Credit Trading at HSBC, says the bank estimates the likelihood of winning trades thousands of times daily.
130 November 2025