HSBC has become the first bank to pioneer quantum protection for AI-powered foreign exchange trading. As one of the world’s largest foreign exchange providers, HSBC is leading the way in exploring how quantum cryptography can safeguard highly sensitive trading data against possible cyber threats as powerful as future quantum attacks.
In a world-first trial, HSBC armed its award-winning HSBC AI Markets trading terminal with unprecedented quantum protection, using Quantum Key Distribution to safeguard a €30 million trading scenario from Euros to US dollars. As this technology matures into a commercially accessible and globally scalable solution, HSBC has proven it will have the power to safeguard trades of any value from quantum attacks.
CEO of HSBC Bank Plc and HSBC Europe, Colin Bell, said: “The quantum revolution is not on the horizon; it’s already here. By investing and experimenting in quantum technologies now, HSBC is not just preparing for the future; we’re shaping it.
“Today’s trials will define tomorrow’s triumphs. Successfully pioneering quantum protection for our FX trading is a significant step with far-reaching implications for the blueprint of our future cybersecurity.
“We are determined to do whatever we can to protect our customers assets, both now and in the future. This trial marks an important step in this commitment”.
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