Quantum machine learning and optimisation in finance : on the road to quantum advantage / Antoine Jacquier [and three others].

Format:

Book

Author/Creator:

Jacquier, Antoine, author.

Series:

Expert insight.

Expert insight

Language:

English

Subjects (All):

Finance--Data processing.

Finance.

Finance--Mathematical models.

Machine learning.

Quantum computing.

Physical Description:

1 online resource (443 pages)

Edition:

1st ed.

Place of Publication:

Birmingham, England : Packt Publishing, Limited, [2022]

Biography/History:

Jacquier Antoine: Antoine Jacquier obtained his PhD in 2010 in Mathematics from Imperial College London, where his research was focused on large deviations and asymptotic methods for stochastic volatility. Over the past 10 years, he has been working on stochastic analysis and volatility modelling, publishing about 50 papers and co-writing several books. He is also the Head of the MSc in Mathematics and Finance at Imperial College and regularly works as a quantitative consultant for the Finance industry. Kondratyev Oleksiy: Oleksiy Kondratyev obtained his PhD in Mathematical Physics from the Institute for Mathematics, National Academy of Sciences of Ukraine, where his research was focused on studying phase transitions in quantum lattice systems. Oleksiy has over 20 years of quantitative finance experience, primarily in banking. He was recognised as Quant of the Year 2019 by Risk magazine and joined Abu Dhabi Investment Authority as a Quantitative Research & Development Lead in the summer of 2021.

Summary:

Learn the principles of quantum machine learning and how to apply them in finance. Purchase of the print or Kindle book includes a free eBook in the PDF format. Key Features Discover how to solve optimisation problems on quantum computers that can provide a speedup edge over classical methods Use methods of analogue and digital quantum computing to build powerful generative models Create the latest algorithms that work on Noisy Intermediate-Scale Quantum (NISQ) computers Book Description With recent advances in quantum computing technology, we finally reached the era of Noisy Intermediate-Scale Quantum (NISQ) computing. NISQ-era quantum computers are powerful enough to test quantum computing algorithms and solve hard real-world problems faster than classical hardware. Speedup is so important in financial applications, ranging from analysing huge amounts of customer data to high frequency trading. This is where quantum computing can give you the edge. Quantum Machine Learning and Optimisation in Finance shows you how to create hybrid quantum-classical machine learning and optimisation models that can harness the power of NISQ hardware. This book will take you through the real-world productive applications of quantum computing. The book explores the main quantum computing algorithms implementable on existing NISQ devices and highlights a range of financial applications that can benefit from this new quantum computing paradigm. This book will help you be one of the first in the finance industry to use quantum machine learning models to solve classically hard real-world problems. We may have moved past the point of quantum computing supremacy, but our quest for establishing quantum computing advantage has just begun! What you will learn Train parameterised quantum circuits as generative models that excel on NISQ hardware Solve hard optimisation problems Apply quantum boosting to financial applications Learn how the variational quantum eigensolver and the quantum approximate optimisation algorithms work Analyse the latest algorithms from quantum kernels to quantum semidefinite programming Apply quantum neural networks to credit approvals Who this book is for This book is for Quants and developers, data scientists, researchers, and students in quantitative finance. Although the focus is on financial use cases, all the methods and techniques are transferable to other areas.

Contents:

Cover

Copyright

Contributors

Table of Contents

Preface

Chapter 1: The Principles of Quantum Mechanics

Part I

Chapter 2: Adiabatic Quantum Computing

Chapter 3: Quadratic Unconstrained Binary Optimisation

Chapter 4: Quantum Boosting

Chapter 5: Quantum Boltzmann Machine

Part II

Chapter 6: Qubits and Quantum Logic Gates

Chapter 7: Parameterised Quantum Circuits and Data Encoding

Chapter 8: Quantum Neural Network

Chapter 9: Quantum Neural Network

Chapter 10: Variational Quantum Eigensolver

Chapter 11: Quantum Approximate Optimisation Algorithm

Chapter 12: The Power of Parameterised Quantum Circuits

Chapter 13: Looking Ahead

Index

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Packt Page.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9781801817875

1801817871

OCLC:

1349452234