HSBC Holdings announced the world's first large-scale application of quantum computing in financial markets, improving bond price forecasting. Working with IBM's Heron quantum processor, the bank applied quantum analysis to European bond trading data, achieving a 34% improvement in bond trading forecasts. This marks the first time a major bank has used real trading data, rather than laboratory simulations, demonstrating the potential of quantum computing in the market. HSBC stated that the results demonstrate the technology's potential to significantly improve efficiency and risk management.