arXiv subjects

Xin-Jie Huang

Publications and source records attributed to Xin-Jie Huang.

10 recordsLinked to original sources

arXiv2025

Pricing American options with exogenous and endogenous transaction costs

We study an American option pricing problem with liquidity risks and transaction fees. As endogenous transaction costs, liquidity risks of the underlying asset are modeled by a mean-reverting process. Transaction fees are exogenous transaction costs and are assumed to be proportional to the trading amount, with the long-run liquidity level depending on the proportional transaction costs rate. Two nonlinear partial differential equations are established to characterize the option values for the holder and the writer, respectively. To illustrate the impact of these transaction costs on option prices and optimal exercise prices, we apply the alternating direction implicit method to solve the linear complementarity problem numerically. Finally, we conduct model calibration from market data via maximum likelihood estimation, and find that our model incorporating liquidity risks outperforms the Leland model significantly.

q-fin.MF↗

arXiv2025

Enhancement of sensitivity near exceptional points in dissipative qubit-resonator systems

Dissipation usually plays a negative role in quantum metrological technologies, which aim to improve measurement precision by leveraging quantum effects that are vulnerable to environment-induced decoherence. Recently, it has been demonstrated that dissipation can actually be used as a favorable resource for enhancing the susceptibility of signal detection. However, demonstrations of such enhancement for detecting physical quantities in open quantum systems are still lacking. Here we propose and demonstrate a protocol for realizing such non-Hermitian quantum sensors for probing the coupling between a qubit and a resonator subjecting to energy dissipations. The excitation-number conversion associated with the no-jump evolution trajectory enables removal of the noisy outcomes with quantum jumps, implementing the exceptional point (EP), where the Rabi splitting exhibits a divergent behavior in response to a tiny variation of the effective coupling. The sensitivity enhancement near the EP is confirmed by both theoretical calculation and experimental measurement.

quant-ph↗

arXiv2024

Measuring topological invariants for higher-order exceptional points in quantum three-mode systems

Owing to the presence of exceptional points (EPs), non-Hermitian (NH) systems can display intriguing topological phenomena without Hermitian analogs. However, experimental characterizations of exceptional topological invariants have been restricted to second-order EPs (EP2s) in classical or semiclassical systems. We here propose an NH multi-mode system with higher-order EPs, each of which is underlain by a multifold-degenerate multipartite entangled eigenstate. We implement the NH model by controllably coupling a Josephson-junction-based electronic mode to two microwave resonators. We experimentally quantify the topological invariant for an EP3, by mapping out the complex eigenspectra of the tripartite system along a loop surrounding this EP3 in the parameter space. The nonclassicality of the realized topology is manifested by the observed quantum correlations in the corresponding eigenstates. Our results extend research of exceptional topology to fully quantum-mechanical models with multipartite entangled eigenstates.

quant-ph↗

arXiv2024

Characterization of non-Markovianity with maximal extractable qubit-reservoir entanglement

Understanding the dynamical behavior of a qubit in a reservoir is critical to applications in quantum technological protocols, ranging from quantum computation to quantum metrology. The effect of the reservoir depends on reservoir's spectral structure, as well as on the qubit-reservoir coupling strength. We here propose a measure for quantifying the non-Markovian effect of a reservoir with a Lorentzian spectrum, based on the maximum qubit-reservoir quantum entanglement that can be extracted. Numerical simulation shows this entanglement exhibits a monotonous behavior in response to the variation of the coupling strength. We confirm the validity of this measure with an experiment, where a superconducting qubit is controllably coupled to a lossy resonator, which acts as a reservoir for the qubit. The experimental results illustrate the maximal extractable entanglement is progressively increased with the strengthening of the non-Markovianity.

quant-ph↗

arXiv2023

Exceptional entanglement phenomena: non-Hermiticity meeting non-classicality

Non-Hermitian (NH) extension of quantum-mechanical Hamiltonians represents one of the most significant advancements in physics. During the past two decades, numerous captivating NH phenomena have been revealed and demonstrated, but all of which can appear in both quantum and classical systems. This leads to the fundamental question: what NH signature presents a radical departure from classical physics? The solution of this problem is indispensable for exploring genuine NH quantum mechanics, but remains experimentally untouched so far. Here, we resolve this basic issue by unveiling distinct exceptional entanglement phenomena, exemplified by an entanglement transition, occurring at the exceptional point of NH interacting quantum systems. We illustrate and demonstrate such purely quantum-mechanical NH effects with a naturally dissipative light-matter system, engineered in a circuit quantum electrodynamics architecture. Our results lay the foundation for studies of genuinely quantum-mechanical NH physics, signified by exceptional-point-enabled entanglement behaviors.

quant-ph↗

arXiv2023

Entanglement-interference complementarity and experimental demonstration in a superconducting circuit

Quantum entanglement between an interfering particle and a detector for acquiring the which-path information plays a central role for enforcing Bohr's complementarity principle. However, the quantitative relation between this entanglement and the fringe visibility remains untouched upon for an initial mixed state. Here we find an equality for quantifying this relation. Our equality characterizes how well the interference pattern can be preserved when an interfering particle, initially carrying a definite amount of coherence, is entangled, to a certain degree, with a which-path detector. This equality provides a connection between entanglement and interference in the unified framework of coherence, revealing the quantitative entanglement-interference complementarity. We experimentally demonstrate this relation with a superconducting circuit, where a resonator serves as a which-path detector for an interfering qubit. The measured fringe visibility of the qubit's Ramsey signal and the qubit-resonator entanglement exhibit a complementary relation, in well agreement with the theoretical prediction.

quant-ph↗

arXiv2021

Demonstration of a non-Abelian geometric controlled-Not gate in a superconducting circuit

Holonomies, arising from non-Abelian geometric transformations of quantum states in Hilbert space, offer a promising way for quantum computation. These holonomies are not commutable and thus can be used for the realization of a universal set of quantum logic gates, where the global geometric feature may result in some noise-resilient advantages. Here we report the first on-chip realization of a non-Abelian geometric controlled-Not gate in a superconducting circuit, which is a building block for constructing a holonomic quantum computer. The conditional dynamics is achieved in an all-to-all connected architecture involving multiple frequency-tunable superconducting qubits controllably coupled to a resonator; a holonomic gate between any two qubits can be implemented by tuning their frequencies on resonance with the resonator and applying a two-tone drive to one of them. This gate represents an important step towards the all-geometric realization of scalable quantum computation on a superconducting platform.

quant-ph↗

arXiv2021

Experimental demonstration of entanglement-enabled universal quantum cloning in a circuit

No-cloning theorem forbids perfect cloning of an unknown quantum state. A universal quantum cloning machine (UQCM), capable of producing two copies of any input qubit with the optimal fidelity, is of fundamental interest and has applications in quantum information processing. This is enabled by delicately tailored nonclassical correlations between the input qubit and the copying qubits, which distinguish the UQCM from a classical counterpart, but whose experimental demonstrations are still lacking. We here implement the UQCM in a superconducting circuit, and investigate these correlations. The measured entanglements well agree with our theoretical prediction that they are independent of the input state and thus constitute a universal quantum behavior of the UQCM that was not previously revealed. Another feature of our experiment is the realization of deterministic and individual cloning, in contrast to previously demonstrated UQCMs, which either were probabilistic or did not constitute true cloning of individual qubits.

quant-ph↗

arXiv2019

Deterministic entanglement swapping in a superconducting circuit

Entanglement swapping, the process to entangle two particles without coupling them in any way, is one of the most striking manifestations of the quantum-mechanical nonlocal characteristic. Besides fundamental interest, this process has applications in complex entanglement manipulation and quantum communication. Here we report a high-fidelity, unconditional entanglement swapping experiment in a superconducting circuit. The measured concurrence characterizing the qubit-qubit entanglement produced by swapping is above 0.75, confirming most of the entanglement of one qubit with its partner is deterministically transferred to another qubit that has never interacted with it. We further realize delayed-choice entanglement swapping, showing whether two qubits previously behaved as in an entangled state or as in a separable state is determined by a later choice of the type of measurement on their partners. This is the first demonstration of entanglement-separability duality in a deterministic way.

quant-ph↗

arXiv2019

Generation and stabilization of entangled coherent states for the vibrational modes of a trapped ion

We propose a scheme for preparation of entangled coherent states for the motion of an ion in a two-dimensional anisotropic trap. In the scheme, the ion is driven by four laser beams along different directions in the ion trap plane, resulting in carrier excitation and couplings between the internal and external degrees of freedom. When the total quantum number of the vibrational modes initially has a definite parity, the competition between the unitary dynamics and spontaneous emission will force the system to evolve to a steady state, where the vibrational modes are in a two-mode cat state. We show that the method can be extended to realization of entangled coherent states for three vibrational modes of an ion in a three-dimensional anisotropic trap.

quant-ph↗