The Japanese industrial firm goes big on computing.

A Toshiba hedge fund may soon emerge. The Japanese conglomerate is seeking a license to operate a hedge fund. The news comes just two years since activist hedge funds pressured the company to restructure its operations. Not only did Toshiba beat them, but they are also joining them.

The company developed an ultrahigh-speed machine that identifies arbitrage opportunities in Forex trading. This strategy mixes its proprietary algorithm with quantum computing.

The company will launch a high-frequency trading business and use its own funds. On a longer horizon, the firm hopes to sell its technology to financial companies. Nikkei reports that a number of firms have shown interest in the Toshiba trading project.

Toshiba Hedge Fund in 2020

The company completed the project at its corporate research and development center in Kawasaki, Kanagawa Prefecture. Toshiba Chief Researcher Hayato Goto developed an algorithm that employs the “simulated bifurcation machine” theory.

Nikkei reports that it trials the technology on Forex transactions based on the movements of eight different currencies. These currencies included the U.S. dollar and the Yen. The report says that it recognizes small disturbances in supply-demand balances when traders place large orders. The high-speed machine looks to exploit these disturbances and can place an arbitrage trade in as little as 30 microseconds.

Finally, Japanese regulators would likely be happy to see Toshiba open a hedge fund. Tokyo officials have reportedly been wooing Hong-Kong-based hedge funds to move to the city.