On January 26, Xinhua Finance, China Economic Information Agency under Xinhua News Agency, and Yuanyuan Quantum jointly released the "Quantum Finance Application" and officially launched it on the Xinhua Finance App.
Image from Xinhua Finance App
This is the first time that the mainland quantum finance application has accessed the traditional mobile phone terminal and cooperated with the mainstream financial information platform, and it is also the first time that the domestic quantum finance application and the real quantum computer have been combined to provide application services to the public, and it is an important step in the civilianization of quantum computing applications.
The surging news reporter noted that under the application market of the Xinhua Finance App, a new "quantum finance" application was added to the cooperation function.
The picture comes from Origin Quantum
The application brief reads: "Quantum computing is a new computing model that uses the principle of quantum superposition and entanglement, and has great potential compared to classical computing." Quantum finance leverages parallel computing to empower the business scenarios of massive high-speed data processing in the financial industry. This application aims to demonstrate the principles of quantum computing at the algorithmic level and scientifically illustrate the quantum superiority at the algorithmic level. Since quantum computing hardware is still developing at a high speed, this application is based on quantum simulator operation. ”
The surging news reporter opened the application, and there are currently four branch functions of "quantum portfolio optimization", "quantum option strategy income expectation", "quantum VaR value calculation" and "quantifier option pricing". Among them, VaR (Value at Risk) is generally referred to as value at risk or value at risk, which refers to the possible loss of the value of a financial asset or portfolio of securities in a certain period of time in the future at a certain confidence level.
In the "Quantum Portfolio Optimization" function, users can select more than 4 stocks (up to 8) and then select the risk appetite type to calculate. After the calculation is completed, the calculation results of the classical optimal combination and the quantum optimal combination can be obtained.
In addition, click "Speed Comparison" to see a graph of how quantum computing compares to classical computing, with the conclusion: "As the number of stocks increases, the number of queries for quantum computing will be much less than the number of queries for classical computation." Imagine that when the number of stocks reaches 100, 1000 or even 10000, the number of queries of classical computers will reach a huge order of magnitude; at this time, quantum computing can find the optimal combination in a short period of time according to its powerful computing power. ”
In the "Quantum Options Strategy Yield Expectation" function, users can configure the underlying themselves, including single options, option volatility strategies, spread strategies and custom combinations. After completing the configuration, three calculation results are displayed, namely the quantum estimate, the theoretical value, the Monte Carlo (i.e. Monte Carlo) estimate, and a 7-bit calculation theoretical deviation comparison chart.
In the "Quantum VaR Value Calculation" function, you need to select stocks, enter personal assets and hold time to perform calculations, including fit and convergence curve. The fit is presented as a histogram, normal distribution curve and T distribution curve of historical data, and shows the value of assets at risk for holding time under the three models.
In the "Quantum Option Pricing" function, users can select European-style call options or put options and enter relevant data, including price, term, interest rate, etc. The results are presented in convergence and result contrast plots, including quantum algorithm results, theoretical values, and classical Monte Carlo results.
In the actual use process of the surging news reporter, the entire application operation is more convenient, the page is concise, the waiting time for each calculation is about 3 to 10 seconds, and the calculation results and charts are displayed clearly and clearly at a glance.
According to Origin Quantum, the Quantum Finance Application Compilation Series realizes the organic combination of classical computers and quantum computers through the "Origin Sinan" quantum computer operating system, and at this stage adopts the first batch of domestic engineering quantum computers "Origin Wuyuan" to provide application services, and will directly connect with the new generation of superconducting quantum computers and semiconductor quantum computers in the future.
Due to its strong parallelism capabilities and exponential growth characteristics, quantum computers can efficiently and quickly analyze massive amounts of data and enable a wide range of scenarios in various industries. The quantum finance application released this time is the application of quantum computers in the field of finance. In the future, quantum computing may change the overall ecological and competitive pattern of the financial industry, which is of certain strategic significance for national financial security and the development of financial institutions.