Algorithms Quantum Finance

AlgoDynamix acquires Quantum Computing capabilities for upgraded forecasting

November 24, 2020

On November 18, AlgoDynamix, leader of behavioural-based forecasting for financial markets, announced that it has new Quantum Computing capabilities. D-Wave Systems are the provider of said quantum capabilities, and this is a world-first in behavioural forecasting for financial analytics.

This new service is a free upgrade for premium-level clients. These new cloud-based calculations boast up to 10000 times the speed of traditional methods, and there are additional customer functions included. The analytics will be sent to clients in the form of an e-mail, to the browser, or an optional API. These new analytics are much more useful, as they contain new functions such as FX and FX treasury forecasting capabilities. This is but one of many other abilities to the existing range of multi-asset class forecasting analytics for asset managers, traders, and other business functions.

The new analytics in action

The analytics, which are SaaS-based, have no need for client-supplied data, and this allows new clients to be on-boarded and benefitting from them in less than 24 hours without causing any inconveniences to the system.

This new innovation improves the existing AlgoDynamix directional forecasting technology significantly, and now the entire spectrum of FX and FX treasury forecasting algorithms are included. The company’s team of Cambridge PhDs are the ones responsible for helping with this quantum leap to redefine the behavioural clustering algorithms as a quantum energy state problem. With this mathematical breakthrough, AlgoDynamix can now use quantum computers to solve the most difficult and challenging behavioural clustering calculations.

‘This next wave of computing is a major change in approach to quickly solving complex problems in financial markets and forecasting analytics, as it enables even the most complex exponentially-challenging problem to be redefined as a series of flat-liner parallel computes. This fundamental shift in computing will most certainly be the next enabler across numerous industries, especially financial services, considering the sector’s immense computational requirements.’

Director of Global Sales, Ian Hillier Brook

‘It is great to see yet again how innovative and solutions-oriented our award-winning company is. Back in my (optical) Quantum Mechanics PhD days I could already see the early research which included ground-breaking outcomes such as the Quantum molecular approach to redefining time. Being able to apply the power of Quantum Computing to our forecasting analytics is a significant step forward and clients will quickly benefit from increased speed and capabilities across multiple asset classes. I hate to use the phrase ‘game-changer’, but this is a very big step in forecasting technology.’

AlgoDynamix CEO, Jeremy Sosabowski

There are recent examples of the forecasting analytics, around the US election and at the start of the COVID-19 pandemic, providing advance warnings of major market shifts through AlgoDynamix’s analytics.

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