Role of quantum hardware noise in PQFM-driven performance gains
Determine the exact role of intrinsic quantum hardware noise during execution of the Heisenberg-ansatz Projected Quantum Feature Map (PQFM) circuits on IBM Quantum Heron hardware (e.g., ibm_torino) in shaping the transformed feature vectors and in producing the observed out-of-sample AUC improvements for estimating fill probabilities of corporate bond RFQ responses, relative to noiseless quantum simulation and classical features.
References
In particular, the exact role that the intrinsic noise during the hardware execution of quantum circuits plays in these finally derived model performance gains is not understood.
— Enhanced fill probability estimates in institutional algorithmic bond trading using statistical learning algorithms with quantum computers
(2509.17715 - Ciceri et al., 22 Sep 2025) in Section 5.2 Trade backtesting analysis