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German Stock Exchange Operator Deutsche Börse Says Quantum Computing in Risk Management May be Introduced in a Few Years
March 14, 2021 @ 2:52 pm By Omar Faridi
Deutsche Börse, the German stock exchange company, has reportedly completed the pilot or testing of various quantum computing algorithms which are used to evaluate or create risk models.
The pilots found that quantum tech may bring down the time needed for certain simulations from years to within hours.
Deutsche Börse revealed that it worked cooperatively with JoS Quantum to create a quantum computing algorithm that would be able to address some of the existing limitations of risk models.
Risk.net
Pilot application to model enterprise risks cuts computation time from 10 years to 30 minutes Print this page
Deutsche Börse has completed a pilot study into the application of quantum computing to calculate proprietary business risks, in a use case that could enter full production within the next three years, according to independent experts.
A study published today (March 10), co-authored by Carsten Schäfer – the exchange’s risk manager for business risk and IT operational risk and a supervisory board member – and fintech firm JoS Quantum, describes a quantum computation for risk sensitivity analysis
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