Applications of Quantum Machine Learning for Quantitative Finance

Machine learning and quantum machine learning (QML) have gained significant importance, as they offer powerful tools for tackling complex computational problems across various domains. This work gives an extensive overview of QML uses in quantitative finance, an important discipline in the financial...

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Bibliographic Details
Published in:arXiv.org 2024-05
Main Authors: Mironowicz, Piotr, Akshata, Shenoy H, Mandarino, Antonio, A Ege Yilmaz, Ankenbrand, Thomas
Format: Article
Language:English
Subjects:
Finance
Machine learning
Quantum computing
Software
Online Access:Get full text
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Summary:Machine learning and quantum machine learning (QML) have gained significant importance, as they offer powerful tools for tackling complex computational problems across various domains. This work gives an extensive overview of QML uses in quantitative finance, an important discipline in the financial industry. We examine the connection between quantum computing and machine learning in financial applications, spanning a range of use cases including fraud detection, underwriting, Value at Risk, stock market prediction, portfolio optimization, and option pricing by overviewing the corpus of literature concerning various financial subdomains.
ISSN:2331-8422