Multiverse Computing, a leading provider of quantum computing systems, has announced the availability of its new quantum-based Fair Price Solution for investment portfolios. This new solution provides a real-time assessment of the fair price for any given security, wherever it trades in the world, including stocks on major exchanges.
Classical computing methods consider all available information and use Monte Carlo simulations when determining a fair price for an investment. These solutions require massive amounts of computing power and time to crunch all the numbers. Multiverse’ technology is able to process a large amount of data much faster than classical systems. The Singularity Fair Price Solution uses this speed and power to quickly determine the fair price of a given investment. The solution then continuously tracks market movements to adjust the fair prices accordingly.
The Singularity Fair Price Solution is based on IonQ’s trapped ion quantum computers and Multiverse’s new Quantum-based technology that uses the smallest constituents of matter (qubits) to solve complex problems with incredible accuracy. Quantum computers are not like traditional computers; fed with a set of instructions, they use quantum mechanics to calculate results dynamically and immediately, without requiring an intermediate step.
A chart from a paper by Multiverse Computing’s scientific team shows a significant reduction in Fair Price errors in different market categories
“The Fair Price feature on our Singularity platform is designed to give financial institutions an edge in portfolio optimization using quantum computers from our preferred partner IonQ,” said Enrique Lizaso, CEO of Multiverse Computing. “This new feature is a perfect complement to our Singularity product, making it easy for the financial community to leverage quantum computing today for demonstrated value even at this early stage of the industry.”
The Singularity system is a computing platform designed to provide you with the best possible user experience. Built from the ground up to provide unprecedented ease of use, Singularity is designed to help business professionals access the power of quantum computing without requiring any previous technical expertise on quantum computing. By doing this, the limitations of using quantum computing applications are eliminated, thereby giving a vastly superior computing experience.
About Multiverse Computing
Multiverse Computing is a leading quantum software company that applies quantum and quantum-inspired solutions to tackle complex problems in finance to deliver value today and enable a more resilient and prosperous economy.