Nomura goes quantum in asset management space
Japan’s Nomura has launched a joint research project on using quantum computing in asset management with Tohoku University in Sendai.
The firm will collaborate with associate professor Masayuki Ozeki to investigate whether quantum computing can be used to optimise asset management services it provides to its clients.
Nomura says it plans to test a “D-Wave machine”, a quantum computer manufactured by Canada-based D-Wave Systems.
To give you some background, Nomura has been working to harness artificial intelligence (AI) in areas including asset management, trading and research.
It says data analysis techniques have become “more sophisticated” and big data analytics are increasingly being applied to such platforms as social media.
As a result, the types of data processed by computers have “become more varied and there is a need to increase the speed at which calculations are performed”.
Nomura will conduct business experiments using the D-Wave machine, and says it is the first financial institution in Japan to test it in its business.
As part of its experiments, Nomura will select an “optimal mix of stocks to enhance the performance of clients’ investment portfolios”.
It will also be used to make predictions on future stock prices. The firm’s aim is to test the extent to which the machine increases the efficiency and accuracy of calculations.
Nomura will also look into the potential of quantum computing for other (unspecified) areas of its business.
