You may soon be able to see every conceivable outcome of a wager, say on interest rates, over many time horizons - thanks to computers that rely on the uncertainty at the root of all matter.
Bloomberg News reports that Wall Street is turning its attention to quantum computers, an emerging technology that aims to exploit the properties of subatomic particles to make extremely complex calculations at unprecedented speeds.
Goldman Sachs, Royal Bank of Scotland, CME Group and Guggenheim Partners are evaluating quantum computing, which requires temperatures colder than in outer space.
The technology is exceptionally complicated, and researchers are debating whether machines now on the market are as powerful as advertised. If successful, these supercomputers could give money managers and banks, whose algorithmic-driven technology already dominate trading, another advantage in a highly competitive market.
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