If you are an old school trader using a tool like Excel for analysis, you may be forced to use Python. Here are some topics that this career article will highlight:
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If you are an old school trader using a tool like Excel for analysis, you may be forced to use Python.
“Python already replaced Excel,” said Matthew
Hampson, deputy chief digital officer at Nomura, speaking at last Friday’s
Quant Conference in London. “You can already walk across the trading floor
and see people writing Python code…it will become much more common in the
next three to four years.”…
As we reported previously, Hampson runs Nomura’s new and
growing e-trading strategy team, which was formed in May 2019. The team is
tasked with increasing Nomura’s fixed income trading revenues by 15% through
the integration of artificial intelligence into the bank’s systematic market
Hampson’s comments come amid suggestions that Excel is in
danger of dying out as sheets can be imported into Python where the computation
is much quicker….
“I can run an Excel model with a several hundred
interlocking formulas and a data table that has 50,000 rows and 100 columns and
it takes 15 min to update,” said one contributor to Wall Street Oasis last
month. “Or, I can run a Python based model with thousands of interlocking
corelation points and an underlying data structure that has 10,000,000 rows and
1,000 data attributes. Not to mention I can write scripts to infer missing data
points. All of this can be done in about a second.”…
Future traders will have hybrid skills covering finance,
quantitative knowledge and the ability to automate processes and extract data,
said Hampson. Today’s top traders already have, “much more universal
skillsets – they understand data, they understand finance, they understand how
to code. That brings an agility that you didn’t see until about five years
PMorgan is arming members of Hans Buehler’s 180-strong
‘Analytics, Automation & Optimization’ team with trading licenses as the
quants break into trading. ..
Here are the links discussed tonite for the Python course http://beatthemarketmaker.com/ https://github.com/quantlabs/algo_trading_signal_with_email https://www.cftc.gov/PressRoom/PressReleases/pr7528-17 https://mrjbq7.github.io/ta-lib/doc_index.html
Notes on Ernie Chan lomg term vs short term coding
cointegration diverges between pairs over long term while co-relation comove in same direction
cointegration is long term and about price
correlation is short term and about returns
basic mean reversion strategy bollinger bands -> enter into position only when price deviates by more than a std deviation and exit when price reverts
consider commission fees to stay profitable
These are the only forex pairs that gives any data for the Python/REST API call of InstrumentsOrderBook. The good is these have liquidity/volume and low spread. My new Python script will give breakdown of total short vs longs at any time called.
Can get order book from
Sort of like this https://marketplace.oanda.com/products/open-position-ratios
So is Microfot trying to make it easier for developers to install Python on Windows 10. Are they just trying to stay relevant for both cloud and Machine learning as Google releases Tensor Flow 2 with Colab? I explain all this in an opinion video so I would be interested to hear what you have to say. Here is the Microsoft article below
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I got a live Binance trade video demo with their latest API. This stuff is not fun as I accidentally put at $100 + trade instead of $2 trade. You need to be careful when playing with this fire. I have all of this documented in my a NEW private 48 minute video for my ELITE level members.
The deal is still on for $997 for everything I do including the Python Infrastructure course to lay down your foundation for both systematic trading and the lucrative trading bots.
Google Colab will lead the future of machine learning and Python
I don’t even think Microsoft Azure is going to be as competitive compared to what Google is pumping out. Google owns the mobile with Android, Google has the market leadership with their machine learning framework like TensorFlow, Now this Colab puts them light yers ahead in the integrated development environment market even compared to any thing Microsoft puts out including Visual Code.