A reason why Matlab is a smart choice over open source like Octave, R, Scilab, or Numpy/Scipy ?

(Last Updated On: July 4, 2011)

A reason why Matlab is a smart choice over open source like Octave, R, Scilab, or Numpy/Scipy ?
One problem you may run into is getting the data you want if you need a specific type of data to be streamed in or data the be streamed in a specific way.

http://www.elitetrader.com/vb/showthread.php?threadid=163473

This is one reason why my argument open source is not the way to go if you learning about or quant or trading. It makes you counter-productive. If you are planning to get into an enterprise environment that pays, you need to use commercial products like Matlab. Use the real McCoy not a clone. From my Octave and R experience, I would never even consider those open source projects unless you can afford staffing to hack either to your needs for a production environment. Most real enterprise environment use commercial solutions like Microsoft or Matlab. There is no need to argue this as it a hard reality that open source people just don’t get. Upper management in paying environments need the professional support that only commercial products offer. Sorry, again that is the reality.

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs