Python for Traders
Recruiting S&T from non-target school… was wondering if I could get some input from people who use Python regularly on their desk.
What’s your main use for Python? Automating Excel spreadsheet manipulation by combining with VBA? Data cleansing? What IDE do you use/ what is common on the street? What libraries do you most commonly use?
Another other info/ suggestions for someone trying to learn would be great.
Hi BuyLowSellLower, any of these discussions helpful:
More suggestions...
If those topics were completely useless, don't blame me, blame my programmers...
Bump
Mostly time series modeling and data science but this is specific to a sell-side quant strat desk
Python is a programming language, so basically you can create everything from scratch.
Of course depends on your needs, but if you will became a master in python, You can definitely say goodbye to the prehistoric Excel and VBA
Python is very common programming language in finance because is a very fast to write and there are many libraries to use.
IDE:
- VSCode (the best and ready to use. I use this for better integrations with Microsoft Azure and Cloud Computing)
- ATOM (but i suggest to use the first one. Basically is the same of VScode)
- PyCharm is a good alternative
Library must to now:
Python For Traders:
For trading this is a big topic, basically traders have already software with licence like Bloomberg, Murex, Kondor, FIS where basically you can do everything.
Python is free and open source programming language, so is very useful for implementing new trading strategy from zero and do some integrations on those systems mentioned before. I would say that Python is a great programming language for back testing and design strategies and data analysis, but if you want "trade" with python then your have to develop something like APIs to use them on the market or in alternatives you should use some software that allows use python envs.
One of most important consideration: Python is a programming language so for cyber security reason you should work on a VM (virtual machine)
Hope it helps.
Best,
A.
Just speaking from my desk, python is not necessary, but if you know python it’s definitely valuable. I work on a flow desk and we have a lot of operational daily tasks to run, usually via Excel. Python is used to automate this process (so basically manipulating excel/outlook etc).
What desk?
FICC (excluding currency)… ideally commodities
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