5 ms·

Completely dominant in finance? Do you have a source for that claim?

brianwawok 11y ago
His rear end I suspect, I saw more Java, C++, and .Net in finance in my time.
Alex3917 11y ago
Actually that's probably not accurate now that I think about it. Python is mostly used by quants and people figuring out what trades to make, as well as for some of the internal business tools. Whereas the people building the actual exchanges are probably using Java or C++.
- dodders 11y ago
  "Finance" is such a broad term with respect to IT - you'll find anything if you look hard enough. The following is based on my experience only - I'm sure there will be lots on here with different experiences: * I've seen more C++/Java/C# than anything else, with a large legacy base of COBOL/RPG (yes, GMI, we're looking at you...). * Industrial-grade quant libs (for risk, P&L, models that need regulatory approval) tend to be in C++, with the infrastructure to run them increasingly in Java. * Lots of VBA on the desktop. Every department runs on Excel... * Python is making inroads (see Quartz at BofA, Athena at JPM), but I suspect that it's still vastly outnumbered (by whatever measure) by C++/Java. Some firms (and departments in bigger shops) embrace new technology agressively - at my firm I know of large Scala projects, python, big data (mainly Mongo/Hadoop), R and some Haskell. That said, on my first job in the UK for a large insurance firm, we employed a team that wrote custom CICS machine code for Z-series mainframes. Beat that with yer fancy functional languages... So no, I wouldn't say that python is dominant.
  - rmellow 11y ago
    Im an economist who loves to program (especially in Python, but I'm not married to it), and I detest Excel. Where do I fit it?
    - elcct 11y ago
      marriage?
  - osullivj 11y ago
    I hear BofA are back pedalling on Quartz. Kirat has left, and there's some new senior IT mgmt who don't want to put all their eggs in one basket. Just gossip, would be interested in any confirmation/refutation...
  - jwhitlark 11y ago
    I keep seeing Clojure come up in relation to banking, and occasionally in relation to hedge funds.
- aldanor 11y ago
  Can confirm, am a quant.

His rear end I suspect, I saw more Java, C++, and .Net in finance in my time.

Actually that's probably not accurate now that I think about it. Python is mostly used by quants and people figuring out what trades to make, as well as for some of the internal business tools. Whereas the people building the actual exchanges are probably using Java or C++.

dodders 11y ago
"Finance" is such a broad term with respect to IT - you'll find anything if you look hard enough. The following is based on my experience only - I'm sure there will be lots on here with different experiences: * I've seen more C++/Java/C# than anything else, with a large legacy base of COBOL/RPG (yes, GMI, we're looking at you...). * Industrial-grade quant libs (for risk, P&L, models that need regulatory approval) tend to be in C++, with the infrastructure to run them increasingly in Java. * Lots of VBA on the desktop. Every department runs on Excel... * Python is making inroads (see Quartz at BofA, Athena at JPM), but I suspect that it's still vastly outnumbered (by whatever measure) by C++/Java. Some firms (and departments in bigger shops) embrace new technology agressively - at my firm I know of large Scala projects, python, big data (mainly Mongo/Hadoop), R and some Haskell. That said, on my first job in the UK for a large insurance firm, we employed a team that wrote custom CICS machine code for Z-series mainframes. Beat that with yer fancy functional languages... So no, I wouldn't say that python is dominant.
- rmellow 11y ago
  Im an economist who loves to program (especially in Python, but I'm not married to it), and I detest Excel. Where do I fit it?
  - elcct 11y ago
    marriage?
- osullivj 11y ago
  I hear BofA are back pedalling on Quartz. Kirat has left, and there's some new senior IT mgmt who don't want to put all their eggs in one basket. Just gossip, would be interested in any confirmation/refutation...
- jwhitlark 11y ago
  I keep seeing Clojure come up in relation to banking, and occasionally in relation to hedge funds.
aldanor 11y ago
Can confirm, am a quant.