HSBC & IBM: How Quantum Computing Is Changing Wall Street

HSBC said it’s achieved a breakthrough in deploying quantum computing in financial markets, as a race intensifies among some of Wall Street’s biggest firms to embed the cutting-edge technology in their daily operations. The London-based bank said it used IBM’s most-advanced Heron quantum processor to attain a 34% improvement in predicting how likely a bond will trade at a given price. Bloomberg Intelligence analyst Robert Lea explains.