Quantum computing isn't a money printer: the real HSBC-IBM bond trading workflow explained
AryHHAry · x · 2026-11-01
Debunking a viral "quantum trading riches" video, the author explains what the HSBC-IBM collaboration actually is: a hybrid workflow where a quantum computer (IBM Heron) handles feature engineering on bond trading data, with results fed into classical ML models.
- The real result: 34% improvement in predicting RFQ fill probabilities — meaningful institutional edge in noisy OTC markets, not sudden wealth.
- Current quantum hardware is expensive, noisy, and cloud-access only for large institutions — nothing like plugging a GPU in at home.
- Quantum advantage is limited to specific problems (optimization, sampling, simulation, feature transforms), not a general-purpose alpha generator.
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