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Boston Quantum
quantum computing software for financial institutions
Idea in Financial Services
Introduction
Boston Quantum builds enterprise quantum computing software to uncover multi-currency arbitrage opportunities in milliseconds for currency traders.
Problem
Current classical methods only allow for currency arbitrage between pairs of currencies due to computational constraints, such as the low speed of arbitrage detection and the fleeting nature of such opportunities.
Opportunity
Our software leverages quantum and quantum-inspired algorithms to rapidly detect and reap the highest-profit arbitrage opportunities between 10 or more currencies. Backtests show we can find 1000+ opportunities/day, with an average profit of 3.5bps and long tails.