What impacts will quantum fintech have on mainstream finance?

#artificialintelligence 

The evolution of modern finance was closely linked to the evolution of computers, communications, and financial mathematics. Two main changes happened in the 1970s with the beginning of derivative trading and after the crisis of 2007 with the massive introduction of fintech. Derivatives pricing started with the celebrated Black and Scholes equation and formulas in 1974, followed by a wealth of mathematical methods to compute the prices of derivatives. Still, even the 1980s derivative pricing required supercomputers, giving big firms a major competitive advantage – before the 2007 crisis, the trading volume was close to 1 trillion dollars a day. The prevailing opinion was that derivatives had enabled us to complete financial markets so that any stream of cash flows could be engineered.

Duplicate Docs Excel Report

Title
None found

Similar Docs  Excel Report  more

TitleSimilaritySource
None found