Options Technology, the tech provider underpinning
some of the CFD providers and prop firms, has activated what it says is the
first commercially accessible quantum computing capability in New York City.
According to the tech firm, companies face a new
constraint where firms collect more data than their existing infrastructure can
simulate, optimize and stress-test in real time. The new offering aims to
address this challenge.
“Quantum computing is no longer theoretical for
capital markets, it’s becoming a practical tool for specific, high-value
problems,” commented Danny Moore, President and CEO of Options Technology.
“What matters now is controlled, secure access.
Quantum Node Goes Live in NYC
Options has reportedly deployed the quantum system in
a New York data center operated by Digital Realty and linked it to its
low-latency global infrastructure fabric.
Quantum computing is a rapidly emerging technology
grounded in quantum mechanics rather than classical physics. It holds the
potential to transform financial analysis and risk management by offering
vastly superior processing power.
This computational capability aims to enable the
industry to tackle complex problems and simulations that are currently beyond
the reach of traditional computing systems.
Related: Options and oneZero Collaborate to Enhance Multi-Asset Trading Tech
Quantum architectures can address those problems by
exploring complex probability distributions in parallel. Options’ model allows
clients to direct specific workloads to quantum systems while maintaining
existing CPU and GPU-based engines for the bulk of production tasks, reducing
the need for major architectural change.
Targeting Portfolio Optimisation and Derivatives Risk
Options is pitching the service at capital markets
workloads that combine heavy simulation with probabilistic modelling, such as
large-scale portfolio optimization and derivatives risk analytics.
Options has been expanding its offering in the trading
space, including collaborating with other tech providers. More recently, it has
expanded its partnership with trading technology firm oneZero.
Additionally, Options earlier partnered with Swiss online broker Dukascopy to provide customers with real-time US equities market
data, fully integrated into Options’ existing technology stack.
Tools for Brokers, a trading technology provider, is the other notable brand in the trading space working with Options Technology to
enhance retail brokers’ access to market data through streamlined, seamless
streaming solutions.
This article was written by Jared Kirui at www.financemagnates.com.
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