Nomura tests a quantum approach to asset management
Written by David Adams
Nomura Holdings, part of Nomura Group, has launched a research project with Tohoku University in Japan, seeking to discover whether quantum computing could be used to optimise asset management services offered to clients. The company is turning to quantum computing in an attempt to increase the speed at which it can perform data analysis.
The research project will test the capabilities of the D-wave machine, a quantum computer built by Canadian technology company D-Wave Systems, which is already being used by a number of other organisations in different industries for a variety of purposes. Ultimately, Nomura wants to exploit the speed of quantum computing, which can, in theory, perform many calculations far more quickly than a conventional computer, to help inform stock selection and to predict stock prices. It also intends to investigate the use of the technology for other, unspecified purposes.