THE QUANTUM WORLD ASSOCIATION SETS UP A NEW COMMISSION ON QUANTUM FINANCIAL COMPUTING
The Quantum World Association-QWA has decided to make a step forward and to set up a Quantum for Quants Commission inside its structure. This Commission will deal with the use of Quantum Computing inside the Financial Industry, in fast-growing fields other than the application of Quantum Cryptography in Financial and para-financial Institutions and Companies.
Among the fields that are going to be discussed in this new Commission, there are two that show an increasing interest within the Quantum Computing community: the application of the Quantum Computing to Portfolio Selection and Risk simulation; and its use in Machine Learning algorithms.
The use of Quantum Computing in Portfolio selection and Risk evaluation will allow to provide better and faster answers to questions like the fast finding of a Portfolio of Assets that, subjected to some conditions, provide the highest expected return while maintaining the risk low, or the synthesis of new financial assets not previously existing in the market. In a financial world where margins may be low and the universe of possible assets is huge, and always subjected to the pressure of immediacy, Quantum Computing expands vastly the possibilities of current computers. These kinds of problems –mostly related to mathematical optimization- are beginning to be treated with actual commercial Quantum Computers, already available in the market.
On the other hand, the use of Quantum Computers in the Machine Learning algorithms (and specifically in the training of networks) may be applied not only to financial problems (as in some current quantitative funds relying on Artificial Intelligence methods), but also to non-financial questions about analyzing and predicting the behavior of Customers from a really Big Data pool, questions of interest in the fields –among others- of Marketing and Risk prevention.
It is worth to mention that all these fields are in no way restricted to the financial world or institutions; in fact, they are close related to the ones used for optimization of structures in engineering.
The Quantum World Association-QWA makes a call to all the Companies and Individuals interested in these fields to contact to become a member of this Quantum for Quants Commission. Everybody interested may contact us at firstname.lastname@example.org.
To lead and coordinate this Quantum for Quants Commission, the Quantum World Association-QWA has designed Mr. Enrique Lizaso as the President of it. Mr. Lizaso holds a degree in Mathematics (majoring in Math Crypto and Financial Derivatives) another in Computer Engineering and –not related to this field-another in Medicine. Also, a PhD in Statistics and a MBA from IESE Business School. Mr. Lizaso has worked for more than 20 years in the Bankassurance Industry Mr. Lizaso has been teaching Finance in the International Master Degrees at the Universitat Autonoma of Barcelona. Currently, Mr. Lizaso works in tech transfer between China and Europe.
Professor Dr. Román Orús has also joined this Commission. He currently is Professor of Condensed Matter Theory at the Johannes Guttenberg Universität. After getting his degree and PhD in Physics at the University of Barcelona, he has been Research Fellow at the University of Queensland, and Max Planck Institut, and visiting Professor at the Universitè Paul Sabatier – CNRS (France) and the Donostia International Physics Center – DIPC (Spain). He has been awarded several grants and awards, including a Marie Curie Incoming International Fellowship, and the Early Career Prize (2014) by the European Physical Society. He has written more than 50 scientific articles about quantum research (cited more than 2.700 times), and is Founding Editor of Quantum Journal.
Another member is Professor David Marcos. After getting his Degree and PhD in Physics at the Autonoma University of Madrid, and working at the Institute for Quantum Optics and Quantum Information (Innsbruck), he got an MSc in Mathematical Finance from the University of Oxford, where he remained as a researcher until recently. He has worked as Quantitative Researcher in Bluecrest Capital Management (a Global Hedge Fund), and is currently Responsible for Quantitative Research at Alpstone Capital (another Global hedge Fund). He teaches Statistics in the Haute École de Gestion (HEG, Geneva). He has published articles with more than 900 citations –even in Nature) and delivered talks in Harvard, Yale and NASA.
Mr. Miquel Masoliver also joins the Commission. Mr. Masoliver got his BSc. in Physics from the Universitat Autònoma of Barcelona, and his MSc. in Physics from the Universität zu Köln. After working as Research Assistant first in Barcelona, and later in Köln, he made a research assistantship at the University of Oxford in financial subjects. Then he decided to move to the financial field, getting a MSc. in Finance from the Barcelona Graduate School of Economics (University Pompeu Fabra). On september 2014 he joined GVCGaesco as Quantitative Researcher where he currently develops quantitative investment strategies and manage operational functions and risk analysis for the Paretum GVCGaesco Absolute Return Fund.
Another member is Mr. Felipe López, who has a degree in Telecommunications Engineering from the Polytechnic University of Catalonia (UPC), an International Master’s in Business Administrations (MBA) from La Salle and Manhattan College in New York, Management Development program (PDD) from IESE, and Focus on Innovation specialization from IESE. With extensive experience in IT and Innovation applied to the financial sector, his main focus is the study of how to apply Open Source technologies for Financial Data Science, AI, Machine Learning, Deep Learning, Algorithmic Trading and Computational Finance.
Finally, Mr. Celso Alvarez Movilla has also join. Mr. Alvarez holds a degree in Mathematical Sciences from the University of Barcelona (majoring in in Applied Mathematics), and also two MSc. from the Universitat Politécnica de Catalunya (UPC), in Application Development and ICT environments, as well as in Software Engineering. He has developed his professional work in Financial Institutions, both in the area of Application Development as in the Security Area. In the latter on he was focused specifically in Cryptography, Secure development of Applications and Identity Management.