Future of Physics in Finance
This is clear to see: it is the area in which quantum theories have the most potential within finance and this is firstly because it is already based off of a strong foundation.
Some evidence to support this include:
Quantum computers already have enough processing power to compete with some of the world’s best supercomputers (IGM’s 127-qubit quantum computer, pictured to the right) - it is only a matter of time until quantum computing overtakes classical computing and is predominantly used in the financial industry.
There is a clear plan of how quantum computers will be used in the future, once the technology has improved. For example, it is expected that quantum computers will be used in pricing financial options in the future, as previously discussed.
Quantum computers also have the ability to give banks a competitive advantage and make them a lot of money: a quality that attracts a lot of investment for research. This is due to the fact that firms with more advanced computing technology will be able to react faster to market changes, enabling them to have the upper hand against other investors.
Firms such as J.P. Morgan, Wells Fargo, Goldman Sachs and Citigroup have all started to invest in and experiment with quantum computing applications. These investments by massive, world-renowned financial institutions conveys their shared belief that quantum computing proposes huge benefits for the sector in the future - and this is all powered by quantum physics at heart.
The Evolution of Physics in Finance
Completed by: Jake Wilkes, James Penston, Sam Jones and James Lundie.
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