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AlgoDynamix unleashes quantum computing on financial analytics

AlgoDynamix has unveiled new quantum computing capabilities that it says represent a world first in behavioural forecasting for financial analytics.

Offered as a cloud-based service using technology provided by D-Wave Systems, it means calculations will be up to 10,000 times faster and enable additional functionality.

AlgoDynamix CEO Jeremy Sabowski. Picture: Keith Heppell / Cambridge Independent
AlgoDynamix CEO Jeremy Sabowski. Picture: Keith Heppell / Cambridge Independent

Based at Eagle Labs in Cambridge, AlgoDynamix’ forecasting analytics provide advance warning of major directional market movements hours or even days in advance using machine learning.

Rather than using historical data or knowledge of previous disruptive events, like other solutions, the company uses deep data agent-based algorithms to scan behaviour of buyers and sellers in real-time.

AlgoDynamix, which is shortlisted for AI Company of the Year at the 2020 Cambridge Independent Science and Technology Awards, was able to offer advance warning of market movements surrounding the start of the Covid-19 pandemic and US election, for example.

The new service has been offered as a no-cost upgrade for its premium-level clients, who include investment banks and asset managers.

Analytics alert flags are sent to clients via email, browser or an optional API and now feature new functions - including key FX and FX treasury forecasting capabilities.

AlgoDynamix CEO Jeremy Sosabowski said: “It is great to see yet again how innovative and solutions-oriented our award-winning company is. Back in my (optical) quantum mechanics PhD days I could already see the early research which included ground-breaking outcomes such as the quantum molecular approach to redefining time.

“Being able to apply the power of quantum computing to our forecasting analytics is a significant step forward and clients will quickly benefit from increased speed and capabilities across multiple asset classes.

“I hate to use the phrase ‘game-changer’, but this is a very big step in forecasting technology.”

The company says by redefining behavioural clustering algorithms as a quantum energy state problem, even the most challenging calculations can now be solved.

Ian Hillier Brook, director of global sales, said: “This next wave of computing is a major change in approach to quickly solving complex problems in financial markets and forecasting analytics, as it enables even the most complex exponentially-challenging problem to be redefined as a series of flat-liner parallel computes.

“This fundamental shift in computing will most certainly be the next enabler across numerous industries, especially financial services, considering the sector’s immense computational requirements.”

The software as a service-based analytics do not require client supplied data, meaning AlgoDynamix can bring new clients on board in less than 24 hours without any disruption to existing systems.

Very recent examples of the forecasting analytics – around US elections time, and the start of the Covid pandemic – are shown with the AlgoDynamix analytics providing advance warning of major directional market movements

AlgoDynamix’ analytics cover most asset classes, including equities, commodities, fixed income, currencies and ESG investments.

The company will host a live webinar on December 9 titled ‘A Quantum leap in Financial Price Forecasting: see the future without looking at the past’. Visit algodynamix.com.

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