What Programming Language For Trading Jobs ?

Discussion in 'Professional Trading' started by Fundlord, Jun 20, 2016.

  1. conduit

    conduit

    I met many extremely smart mathematicians and statisticians in my life and career at banks. They knew nothing whatsoever about financial markets. It took some of them 2 or 3 weeks before they started designing and pricing complex derivatives. But teach an impassionate and undriven person anything and you most likely fail.


     
    #51     Jun 21, 2016
  2. Fundlord

    Fundlord

    I am passionate about trading, investment and finance. Not quant trading.

    Quant stuff is just an add on/ accessory for me. A useful skill to have and advertise that I have.

    I am not trying to be some algorithmic trader I prefer discretionary strategies.
     
    #52     Jun 22, 2016
  3. You can rent a nice 2 bed apartment in a central location for a couple of grand a month.
     
    #53     Jun 22, 2016
  4. There is some good advice in this thread. Up to you if you want to listen. Being a novice Python coder will add no value to your skillset at all. Learn Python if you are genuinely interested in learning to code, but don't do it with the expectation you are adding any professional value.

    I still think for someone with an economics and finance background you'd be far better off learning R. That is a tool commonly used by folks in your area and will add value.
     
    #54     Jun 22, 2016
    conduit likes this.
  5. conduit

    conduit

    Do you study at any of the tier one universities? Because without it your chance of landing a junior trading role at a bank or hedge fund is almost zero. You can always consider joining a retail oriented prop trading firm and attempt to make your mark there.

     
    #55     Jun 22, 2016
  6. conduit

    conduit

    agree, if as OP said he is not interested in quant trading then he may be better off with R and excellent Excel/Bloomberg/Reuters API skills and how to write and implement add-ins for Excel. When I worked 14 years ago as bloody analyst at a German bank in NY I was pretty much the only guy on the desk who could automate simple tasks using Excel add-ins and senior traders liked it...just saying...

     
    Last edited: Jun 22, 2016
    #56     Jun 22, 2016
  7. Yet more good advice. I strongly advise the OP to listen to the words of people who have been there. It's not often you get honest advice from people who have worked/are working in the industry for free.
     
    #57     Jun 22, 2016
  8. Fundlord

    Fundlord

    Would learning R benefit me in a prop trading role and my own trading to a degree ?
     
    #58     Jun 22, 2016
  9. Fundlord

    Fundlord

    I met with a private equity exec a few months back. I asked him how I can stand out these days on my resume and he said saying you are an expert at financial modelling or a programming language can help since everything is "quantitative and statistical these days".
     
    #59     Jun 22, 2016
  10. IAS_LLC

    IAS_LLC

    Just to be contradictory....I think it's worth while learning Python or R if you are doing any sort of data analytics at scale, even if it won't help u get a trading gig. Excel just doesn't cut it in my opinion.
     
    #60     Jun 22, 2016