HSBC deploys IBM Heron: >30% prediction gain in algo

HSBC, the bank, deployed IBM's Heron. They claim >30% performance gain in predicting corporate bond trade wins. This deployment probably explains the paper posted earlier this year to this subreddit: https://www.reddit.com/r/QuantumComputing/comments/1npvr5s/hsbc_quantum_paper_with_ibm/ It's news from Sept, but I didn't see it in this subreddit. I was chatting an old coworker who works with some banks in NYC and he sent me the news. My theory: only banks can afford these machines. But will they payoff? Is 30% gain enough?? submitted by /u/vap0rtranz [link] [comments]