articleReviews in PhysicsFeb 23, 2019HYBRID OA

Quantum computing for finance: Overview and prospects

Johannes Gutenberg University Mainz · Donostia International Physics Center · +1 more institution

Indexed inarxivcrossrefdoaj

Abstract

We discuss how quantum computation can be applied to financial problems, providing an overview of current approaches and potential prospects. We review quantum optimization algorithms, and expose how quantum annealers can be used to optimize portfolios, find arbitrage opportunities, and perform credit scoring. We also discuss deep-learning in finance, and suggestions to improve these methods through quantum machine learning. Finally, we consider quantum amplitude estimation, and how it can result in a quantum speed-up for Monte Carlo sampling. This has direct applications to many current financial methods, including pricing of derivatives and risk analysis. Perspectives are also discussed.

Citation impact

620
total citations
FWCI
28.29
Percentile
100%
References
118
Citations per year

Authors

3

Topics & keywords

Keywords
  • Quantum computer
  • Computer science
  • Quantum
  • Quantum annealing
  • Arbitrage
  • Monte Carlo method
  • Financial engineering
  • Computational finance
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