JOSH FREELAND
JOSH FREELAND
TITLE: GLOBAL HEAD OF ALGO CREDIT TRADING
COMPANY: HSBC INDUSTRY: FINANCIAL SERVICES LOCATION: UNITED KINGDOM
Director on quantitative corporate bond-trading desk. Designs and trades algorithmic market-making systems for credit products. MSCF / MBA from Carnegie Mellon University. Manages global team with hubs in London, New York, and Hong Kong.
“ So this is something that we do thousands of times a day already and that’ s estimating the likelihood of winning a trade,” Josh says.“ At one point there were 16 physicists and AI machine learning researchers working around the clock trying to achieve the same thing that the quantum computer did.”
The quantum processor delivered results that required a team of 16 specialists working continuously using classical approaches.
IBM and HSBC deploy hybrid quantum-classical systems IBM used a hybrid approach where quantum and classical systems work together.
Quantum processors handle specific calculations where they deliver superior performance. Classical systems manage tasks where conventional computing remains efficient.
“ This exciting exploration shows what becomes possible when deep domain expertise is integrated with cutting-edge algorithm research and the strengths of classical approaches are combined with the rich computational space offered by quantum computers,” Jay says.
IBM offers quantum computing through cloud services via Qiskit, its open-source development platform. Qiskit includes quantum circuit design tools, optimisation libraries and
132 November 2025