Could Ocaml be new language for algo trading

(Last Updated On: February 24, 2016)

Could Ocaml be new language for algo trading

After posting this article last week

Writing computer code, or at the least being conversant in the firm’s program of choice, OCaml, is a requisite for all traders. Indeed, new traders must complete a monthlong OCaml boot camp before they start trading.

http://www.nytimes.com/2016/02/23/business/dealbook/a-new-breed-of-trader-on-wall-street-coders-with-a-phd.html?emc=edit_dlbkam_20160223&nl=dealbook&nlid=74450645&ref=dealbook&_r=1

Then I had this dialogue with a real algo trading firm:

Brian, good article, moved some of my Python code to Ocaml late last year

Bryan, the part I moved improved it run time by 20% (vs Python and C++)

It was a large math section of code

C++ was slower than using Ocaml

yes, you can covert python code to Ocaml

Anyone out there who has any further knowledge of this?

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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