Interest Rates and Coupon Bonds in Quantum Finance

Interest Rates and Coupon Bonds in Quantum Finance

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  • Author: Belal E. Baaquie
  • Publisher: Cambridge University Press
  • ISBN: 1139483552
  • Category : Science
  • Languages : en
  • Pages : 509

The economic crisis of 2008 has shown that the capital markets need new theoretical and mathematical concepts to describe and price financial instruments. Focusing on interest rates and coupon bonds, this book does not employ stochastic calculus – the bedrock of the present day mathematical finance – for any of the derivations. Instead, it analyzes interest rates and coupon bonds using quantum finance. The Heath-Jarrow-Morton and the Libor Market Model are generalized by realizing the forward and Libor interest rates as an imperfectly correlated quantum field. Theoretical models have been calibrated and tested using bond and interest rates market data. Building on the principles formulated in the author's previous book (Quantum Finance, Cambridge University Press, 2004) this ground-breaking book brings together a diverse collection of theoretical and mathematical interest rate models. It will interest physicists and mathematicians researching in finance, and professionals working in the finance industry.


Quantum Finance

Quantum Finance

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  • Author: Raymond S. T. Lee
  • Publisher: Springer Nature
  • ISBN: 9813297964
  • Category : Computers
  • Languages : en
  • Pages : 433

With the exponential growth of program trading in the global financial industry, quantum finance and its underlying technologies have become one of the hottest topics in the fintech community. Numerous financial institutions and fund houses around the world require computer professionals with a basic understanding of quantum finance to develop intelligent financial systems. This book presents a selection of the author’s past 15 years’ R&D work and practical implementation of the Quantum Finance Forecast System – which integrates quantum field theory and related AI technologies to design and develop intelligent global financial forecast and quantum trading systems. The book consists of two parts: Part I discusses the basic concepts and theories of quantum finance and related AI technologies, including quantum field theory, quantum price fields, quantum price level modelling and quantum entanglement to predict major financial events. Part II then examines the current, ongoing R&D projects on the application of quantum finance technologies in intelligent real-time financial prediction and quantum trading systems. This book is both a textbook for undergraduate & masters level quantum finance, AI and fintech courses and a valuable resource for researchers and data scientists working in the field of quantum finance and intelligent financial systems. It is also of interest to professional traders/ quants & independent investors who would like to grasp the basic concepts and theory of quantum finance, and more importantly how to adopt this fascinating technology to implement intelligent financial forecast and quantum trading systems. For system implementation, the interactive quantum finance programming labs listed on the Quantum Finance Forecast Centre official site (QFFC.org) enable readers to learn how to use quantum finance technologies presented in the book.


Quantum Finance

Quantum Finance

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  • Author: Belal E. Baaquie
  • Publisher: Cambridge University Press
  • ISBN: 1139456393
  • Category : Business & Economics
  • Languages : en
  • Pages : 334

This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options. Particular emphasis is placed on path integrals and Hamiltonians. Financial mathematics is dominated by stochastic calculus. The present book offers a formulation that is completely independent of that approach. As such many results emerge from the ideas developed by the author. This work will be of interest to physicists and mathematicians working in the field of finance, to quantitative analysts in banks and finance firms and to practitioners in the field of fixed income securities and foreign exchange. The book can also be used as a graduate text for courses in financial physics and financial mathematics.


Quantum Field Theory for Economics and Finance

Quantum Field Theory for Economics and Finance

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  • Author: B. E. Baaquie
  • Publisher: Cambridge University Press
  • ISBN: 1108423159
  • Category : Business & Economics
  • Languages : en
  • Pages : 717

This book provides an introduction to how the mathematical tools from quantum field theory can be applied to economics and finance. Providing a range of quantum mathematical techniques for designing financial instruments, it demonstrates how a range of topics have quantum mechanical formulations, from asset pricing to interest rates.


A First Course in Quantitative Finance

A First Course in Quantitative Finance

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  • Author: Thomas Mazzoni
  • Publisher: Cambridge University Press
  • ISBN: 1108321364
  • Category : Business & Economics
  • Languages : en
  • Pages : 600

This new and exciting book offers a fresh approach to quantitative finance and utilises novel features, including stereoscopic images which permit 3D visualisation of complex subjects without the need for additional tools. Offering an integrated approach to the subject, A First Course in Quantitative Finance introduces students to the architecture of complete financial markets before exploring the concepts and models of modern portfolio theory, derivative pricing and fixed income products in both complete and incomplete market settings. Subjects are organised throughout in a way that encourages a gradual and parallel learning process of both the economic concepts and their mathematical descriptions, framed by additional perspectives from classical utility theory, financial economics and behavioural finance. Suitable for postgraduate students studying courses in quantitative finance, financial engineering and financial econometrics as part of an economics, finance, econometric or mathematics program, this book contains all necessary theoretical and mathematical concepts and numerical methods, as well as the necessary programming code for porting algorithms onto a computer.


Learning Quantum Computing

Learning Quantum Computing

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  • Author: ROBERT JOYCE
  • Publisher: IT Campus Academy
  • ISBN:
  • Category : Computers
  • Languages : en
  • Pages : 187

Learn the basics of quantum computing and explore its potential applications Quantum computing is a rapidly developing field with the potential to revolutionize many aspects of our lives. This book provides a comprehensive introduction to quantum computing, from the basics of quantum mechanics to the latest advances in quantum computing technology. Whether you're a student, a researcher, or a professional, this book is a valuable resource for anyone who wants to learn about quantum computing. In this book, you'll learn: The fundamental concepts of quantum mechanics, such as wave-particle duality, superposition, and entanglement The basic principles of quantum computing, such as qubits, quantum gates, and quantum algorithms The latest advances in quantum computing technology, including superconducting quantum computers, trapped ion quantum computers, and photonic quantum computers The challenges and opportunities facing quantum computing The potential applications of quantum computing, such as artificial intelligence, drug discovery, materials science, and finance This book is written in a clear and concise style, and it is packed with information. It is also written for readers who do not have any prior experience with quantum computing. If you're interested in learning about quantum computing, this book is a great place to start.


Quantum Machine Learning and Optimisation in Finance

Quantum Machine Learning and Optimisation in Finance

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  • Author: Antoine Jacquier
  • Publisher: Packt Publishing Ltd
  • ISBN: 1801817871
  • Category : Mathematics
  • Languages : en
  • Pages : 443

Learn the principles of quantum machine learning and how to apply them While focus is on financial use cases, all the methods and techniques are transferable to other fields Purchase of Print or Kindle includes a free eBook in PDF Key Features Discover how to solve optimisation problems on quantum computers that can provide a speedup edge over classical methods Use methods of analogue and digital quantum computing to build powerful generative models Create the latest algorithms that work on Noisy Intermediate-Scale Quantum (NISQ) computers Book Description With recent advances in quantum computing technology, we finally reached the era of Noisy Intermediate-Scale Quantum (NISQ) computing. NISQ-era quantum computers are powerful enough to test quantum computing algorithms and solve hard real-world problems faster than classical hardware. Speedup is so important in financial applications, ranging from analysing huge amounts of customer data to high frequency trading. This is where quantum computing can give you the edge. Quantum Machine Learning and Optimisation in Finance shows you how to create hybrid quantum-classical machine learning and optimisation models that can harness the power of NISQ hardware. This book will take you through the real-world productive applications of quantum computing. The book explores the main quantum computing algorithms implementable on existing NISQ devices and highlights a range of financial applications that can benefit from this new quantum computing paradigm. This book will help you be one of the first in the finance industry to use quantum machine learning models to solve classically hard real-world problems. We may have moved past the point of quantum computing supremacy, but our quest for establishing quantum computing advantage has just begun! What you will learn Train parameterised quantum circuits as generative models that excel on NISQ hardware Solve hard optimisation problems Apply quantum boosting to financial applications Learn how the variational quantum eigensolver and the quantum approximate optimisation algorithms work Analyse the latest algorithms from quantum kernels to quantum semidefinite programming Apply quantum neural networks to credit approvals Who this book is for This book is for Quants and developers, data scientists, researchers, and students in quantitative finance. Although the focus is on financial use cases, all the methods and techniques are transferable to other areas.


Quantum Computing For The Brain

Quantum Computing For The Brain

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  • Author: Melanie Swan
  • Publisher: World Scientific
  • ISBN: 1800610637
  • Category : Computers
  • Languages : en
  • Pages : 551

Quantum Computing for the Brain argues that the brain is the killer application for quantum computing. No other system is as complex, as multidimensional in time and space, as dynamic, as less well-understood, as of peak interest, and as in need of three-dimensional modeling as it functions in real-life, as the brain.Quantum computing has emerged as a platform suited to contemporary data processing needs, surpassing classical computing and supercomputing. This book shows how quantum computing's increased capacity to model classical data with quantum states and the ability to run more complex permutations of problems can be employed in neuroscience applications such as neural signaling and synaptic integration. State-of-the-art methods are discussed such as quantum machine learning, tensor networks, Born machines, quantum kernel learning, wavelet transforms, Rydberg atom arrays, ion traps, boson sampling, graph-theoretic models, quantum optical machine learning, neuromorphic architectures, spiking neural networks, quantum teleportation, and quantum walks.Quantum Computing for the Brain is a comprehensive one-stop resource for an improved understanding of the converging research frontiers of foundational physics, information theory, and neuroscience in the context of quantum computing.


Quantitative Finance And Risk Management: A Physicist's Approach

Quantitative Finance And Risk Management: A Physicist's Approach

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  • Author: Jan W Dash
  • Publisher: World Scientific Publishing Company
  • ISBN: 9813106212
  • Category : Business & Economics
  • Languages : en
  • Pages : 804

2nd Edition of Quantitative Finance and Risk Management: A Physicist's ApproachWritten by a physicist with over 15 years of experience as a quant on Wall Street, this book treats a wide variety of topics. Presenting the theory and practice of quantitative finance and risk, it delves into the “how to” and “what it's like” aspects not covered in textbooks or research papers. Both standard and new results are presented. A “Technical Index” indicates the mathematical level — from zero to PhD — for each chapter. The finance in each chapter is self-contained. Real-life comments on “life as a quant” are included.An errata and Additions (3rd Reprint, 2008) to the book is available.


Quantum Economics

Quantum Economics

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  • Author: David Orrell
  • Publisher: Icon Books
  • ISBN: 1785784005
  • Category : Business & Economics
  • Languages : en
  • Pages : 249

A decade after the financial crisis, there is a growing consensus that economics has failed and needs to go back to the drawing board. David Orrell argues that it has been trying to solve the wrong problem all along. Economics sees itself as the science of scarcity. Instead, it should be the science of money (which plays a surprisingly small role in mainstream theory). And money is a substance that turns out to have a quantum nature of its own. Just as physicists learn about matter by studying the exchange of particles at the subatomic level, so economics should begin by analysing the nature of money-based transactions. Quantum Economics therefore starts with the meaning of the phrase 'how much' – or, to use the Latin word, quantum. From quantum physics to the dualistic properties of money, via the emerging areas of quantum finance and quantum cognition, this profoundly important book reveals that quantum economics is to neoclassical economics what quantum physics is to classical physics – a genuine turning point in our understanding.