D-Wave Systems and 1QBit Partner With Financial Industry Experts to Launch Quantum for Quants Online Community

BUDAPEST, HUNGARY--(Marketwired - May 10, 2016) - D-Wave Systems Inc., the world's first quantum computing company, 1QB Information Technologies Inc. (1QBit), a quantum software firm, and financial industry experts today announced the launch of Quantum for Quants (quantumforquants.org), an online community designed specifically for quantitative analysts and other experts focused on complex problems in finance. Launched at the Global Derivatives Trading & Risk Management conference in Budapest, the online community will allow quantitative finance and quantum computing professionals to share ideas and insights regarding quantum technology and to explore its application to the finance industry. Through this community, finance industry experts will also be granted access to quantum computing software tools, simulators, and other resources and expertise to explore the best ways to tackle the most difficult computational problems in finance using entirely new techniques.

"Quantum computers enable us to use the laws of physics to solve intractable mathematical problems," said Marcos de López de Prado, Senior Managing Director at Guggenheim Partners and a Research Fellow at Lawrence Berkeley National Laboratory's Computational Research Division. "This is the beginning of a new era, and it will change the job of the mathematician and computer scientist in the years to come."

Experts in finance, mathematics, computer science and physics have agreed to participate as editors and content contributors of the community, including:

• Dr. Horst Simon, Deputy Director of Lawrence Berkeley National Laboratory (Berkeley Lab)
• Dr. David Bailey, Senior Scientist (retired) at Lawrence Berkeley National Laboratory
• Dr. Jonathan Borwein, Laureate Professor in the School of Mathematical and Physical Sciences at the University of Newcastle
• Dr. Peter Carr, Executive Director of the Courant Math Finance Program at NYU
• Dr. Kesheng (John) Wu, Berkeley Lab Group Leader
• Dr. David Leinweber, Co-founder of Berkeley Lab's Center for Innovative Financial Technology
• Dr. Blu Putnam, Chief Economist for CME Group
• Dr. Michael Sotiropoulos, Managing Director, Global Equities at Deutsche Bank Securities Inc.