So You Want To Be A Modern "Trader": Here Are The Requirements

Discussion in 'Professional Trading' started by NoVoodooHere, Nov 11, 2015.

  1. > "R" is a piece of [] compared to other stat packages like SPSS and SAS

    Do any name-brand quant shops use SPSS and SAS, in preference to R, Julia, Matlab, Mathematica?
     
    #11     Nov 12, 2015
  2. Judging by the job posts in the finance industry, it seems alive and well.
     
    #12     Nov 12, 2015
  3. cjbuckley4

    cjbuckley4

    Not that I'm aware of. I think that's what my girlfriend used in her "Stats for Psychology majors" class.
     
    #13     Nov 12, 2015
    Occam likes this.
  4. cjbuckley4

    cjbuckley4

    C/C++ are going to be alive for a long time in this industry. You need to interact directly with the kernel for drivers in C and you also need to write code that is deterministic for real-time trading applications, meaning you can't just have the GC decide to envoke itself in a way you didn't anticipate. There are ways to control/limit the GC's behavior, but it's still just not how it's done.
     
    Last edited: Nov 12, 2015
    #14     Nov 12, 2015
    VPhantom and Occam like this.
  5. This applies only to high frequency trading where nanoseconds count.
    For systems with average-time-in-trade of minutes or hours, there's no advantage to using C++.
    C# and Java are more than sufficient IMHO.
     
    #15     Nov 13, 2015