QUANTUM COMPUTING FOR FINANCE: A NEW EDUCATIONAL SERIES
(Originally published on 24 May 2021)
QuantFi and QURECA, in collaboration with Strangeworks, are pleased to announce the launch of their new educational series in quantum computing
The rapid advancements in quantum computing technology have the ability to completely transform financial services. As innovation in the new computational field is accelerating, education and training in quantum technologies and quantum computing for the financial sector is gaining momentum. To continue expanding the quantum ecosystem, QuantFi and QURECA have come forward with the first specialized educational series in the field of quantum computing applications for the financial sector.
“Quantum Computing for Finance” is an emerging multidisciplinary field of quantum physics, finance, mathematics, and computer science, in which quantum computations are applied to solve complex financial problems. In response to the need for education in this new field, QuantFi and QURECA have deigned an 8-course online educational series designed for all those learners who wish to broaden their skills and develop professionally in creating quantum computing algorithms for the financial sector.
The “Quantum Computing for Finance” educational series is an immersive program hosted on the QURECA platform that will provide an understanding of the fundamentals of quantitative & computational finance, and quantum algorithms for its implementation on quantum computers, in order to realize the true potential of quantum technologies and their application to business use cases in Finance.
The courses are led by instructors from QuantFi, a leading French start-up specialized in creating quantum computer algorithms for the financial services industry. The educational series requires minimum 3-4 hours commitment per week and include number of coding exercises to support learners in building programming skills. QURECA collaborates with Strangeworks to provide a unique integrated platform accessible to all learners to practice the programming exercises covered in the courses and gain hands-on experience with quantum computing.
The first two of the educational series are foundational courses designed to introduce various subjects in computational and quantum finance describes as follows:
- Introduction to Quantitative and Computational Finance
The first course in the series provides a basis to step into the world of Quantum Computing for Finance. This introductory course will develop fundamental concepts required for an understanding of quantum algorithms and more advanced topics in computational finance. This course will teach you
- the basics of derivative products,
- the Black-Scholes-Merton model for pricing vanilla derivatives, and
- how to compute the price of exotic options using computational and modelling techniques.
This course is designed for all those who wish to develop their skills and start a career in quantitative finance
2. Quantum Algorithms for Computational Finance
The second course of the series is an advanced course that will develop an understanding in quantum algorithms for its implementation on quantum computers. Through this course, you will learn the basics of various quantum algorithms including:
- Grover’s and Rudolf’s algorithm,
- Quantum Amplitude Estimation (QAE) algorithm envisioned as a quadratic speed-up over Classical Monte-Carlo simulations,
- Combinatorial optimization algorithms namely Quantum Approximate Optimization Algorithm (QAOA), and Variational Quantum Eigensolver (VQE), and
- Quantum-inspired optimization algorithms.
This course is meant for all those learners who want to explore the topic of quantum computing in finance, assuming that you are familiar with the concepts of quantitative and computational finance.
In order to continue the educational goals of our learners, the quantum finance series continues beyond the foundational courses described above. Currently in the process of implementation, future courses in this series will include advanced topics such as Advanced Quantum Finance (2 courses), Amplitude Estimation, Portfolio Optimization, Quantum Machine Learning and Use Case Selection. Beyond these core courses, we also plan to offer optional courses in Quantum Cryptography, Quantum-Inspired Algorithms and Quantum Computing for Executives.
Certified by CPD, the program is designed to upskill all potential learners and train the workforce for a variety of potential jobs in the finance industry, including quantitative asset management and trading, financial engineering, risk management, and applied research using quantum computing technology.
QuantFi is a French start-up research firm formed in 2019 with the objective of using the science of quantum computing to provide solutions to the financial services industry. With its staff of PhD’s and PhD students, QuantFi engages in fundamental and applied research in in the field of quantum finance, collaborating with industrial partners and universities in seeking breakthroughs in such areas as portfolio optimisation, asset pricing, and trend detection.
About QURECA Ltd.
En 2019, le Royal Society a décrit QURECA Ltd. comme la société qui « comble les lacunes de la communauté quantique existante, créant une société prête pour le quantum grâce à un langage commun ». QURECA fournit une gamme de services professionnels, de développement commercial et la solution au goulot d’étranglement des compétences de la main-d’œuvre quantique : la première plate-forme en ligne de formation et de ressources quantiques, pour aider les particuliers et les entreprises à faire partie de la révolution quantique.
Strangeworks is a technology company based in Austin, Texas, USA. As a Quantum Service Provider™, Strangeworks’s mission is to enable its users to quickly and seamlessly harness the power of quantum computing by connecting to new technologies and expanding their existing ecosystems. Strangeworks accomplishes this by establishing connections between software and hardware thus enabling quantum developers. Strangeworks supports the community by offering Strangeworks QC, a free quantum computing ecosystem that enables researchers, developers, and enthusiasts to quickly learn, develop and manipulate real quantum code. With Strangeworks QC, users can easily create, organize, and collaborate on quantum computing projects, and access libraries of code, frameworks, and languages.