HSBC has announced significant advancements in quantum computing, claiming to have developed the world’s first-known quantum-enabled algorithmic trading system in collaboration with IBM. The new technology reportedly enhances the efficiency of bond trading, achieving a remarkable 34% improvement in prediction accuracy for bond price forecasts. This trial positions HSBC ahead of its Wall Street competitors, as the financial institution leverages quantum computing to improve fill probability estimates in algorithmic bond trading. The collaboration with IBM signifies a major step in financial technology, potentially reshaping trading practices in the financial sector.