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arXiv · 2307.11230

Quantum computing for finance

Dylan Herman·Cody Googin·Xiaoyuan Liu·Yue Sun·Alexey Galda·Ilya Safro·Marco Pistoia·Yuri Alexeev
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Abstract

Quantum computers are expected to surpass the computational capabilities of classical computers and have a transformative impact on numerous industry sectors. We present a comprehensive summary of the state of the art of quantum computing for financial applications, with particular emphasis on stochastic modeling, optimization, and machine learning. This Review is aimed at physicists, so it outlines the classical techniques used by the financial industry and discusses the potential advantages and limitations of quantum techniques. Finally, we look at the challenges that physicists could help tackle.

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Dylan Herman, Cody Googin, Xiaoyuan Liu, Yue Sun, Alexey Galda, Ilya Safro, Marco Pistoia, Yuri Alexeev. 2023-07-20. Quantum computing for finance. https://doi.org/10.1038/s42254-023-00603-1

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