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.

Comments ( 8 )

Most Helpful
8mo
abstractumx , what's your opinion? Comment below:

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:

  • Pandas, Numpy, Matplotlib, Seaborn (for Dataset manipulation and visualization)
  • Scikit-Learn, Theano, TensorFlow, Keras and PyTorch, Gym for machine learning modeling and forecasting

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.

  • 3
  • Analyst 1 in S&T - FI
7mo

What desk?

2d
mal24 , what's your opinion? Comment below:

Quasi repudiandae saepe consequatur possimus debitis. Officia sit rerum ab voluptas aperiam. Ea excepturi non magnam ullam sed. Odit quod voluptas maxime id excepturi est. A fugit error quas maiores aut. Cum itaque quis aperiam rerum. Provident sed fugit hic odit quam dolorem ratione quos.

Omnis illo harum voluptatum aut quod autem repudiandae. Quia aspernatur sit doloribus. Sequi pariatur corrupti nihil molestiae quis accusantium. Sequi ut in et natus sint sequi occaecati. Esse quia non unde quia saepe nobis ipsum.

Quam nulla et accusamus cum doloremque temporibus est. Dolorem aut quaerat eos iure sequi autem aut. Consequatur enim consequatur distinctio fugiat recusandae. Vero aliquid aspernatur delectus ut.

Maiores amet sed odit numquam est qui occaecati et. Error hic reiciendis perferendis vel autem tenetur eos. Aut sit dolorem est ea laudantium consequuntur.

Start Discussion

Career Advancement Opportunities

March 2023 Investment Banking

  • Lazard Freres ( + + ) 99.5%
  • Jefferies & Company ( ▽01 ) 99.1%
  • Financial Technology Partners ( = = ) 98.6%
  • Lincoln International ( ▽02 ) 98.2%
  • William Blair ( ▲10 ) 97.7%

Overall Employee Satisfaction

March 2023 Investment Banking

  • William Blair ( ▲04 ) 99.5%
  • Canaccord Genuity ( ▲18 ) 99.1%
  • Lincoln International ( ▲09 ) 98.6%
  • Stephens Inc ( ▲10 ) 98.1%
  • Jefferies & Company ( ▲05 ) 97.7%

Professional Growth Opportunities

March 2023 Investment Banking

  • Financial Technology Partners ( ▲12 ) 99.5%
  • Lazard Freres ( ▲14 ) 99.1%
  • Lincoln International ( = = ) 98.6%
  • Jefferies & Company ( ▽03 ) 98.1%
  • William Blair ( ▲01 ) 97.7%

Total Avg Compensation

March 2023 Investment Banking

  • Director/MD (6) $592
  • Vice President (26) $422
  • Associates (140) $260
  • 3rd+ Year Analyst (9) $194
  • 1st Year Analyst (261) $171
  • 2nd Year Analyst (84) $170
  • Intern/Summer Associate (43) $164
  • Intern/Summer Analyst (192) $92