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
making platform…
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
ago.”…
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
AUD_JPY
USD_CAD
EUR_CHF
GBP_USD
USD_CHF
AUD_USD
GBP_CHF
EUR_AUD
USD_JPY
EUR_USD
NZD_USD
EUR_JPY
GBP_JPY
EUR_GBP
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
I did not know this when I signed up. They have a Python API for their killer CryptoWatch pweb platform. They have some big benefits over Binance:
Allow stop loss and take profit
Cryptowatch platform is owned by Kraken
Cryptowatch has a Python API
Trade in fiat currency once you move to the intermediate level
This is an unofficial Python wrapper for the Cryptowatch public Data API. Cryptowatch is a cryptocurrency charting and trading platform owned by Kraken.
I want to say that I greatly enjoy your content and training. I have learned a lot from you through completing the python3 infrastructure course, watching countless hours of your youtube videos, and as a current member of the elite trial. Even though I was new to python when I started the infrastructure course I quickly picked it up and was off to the races and have also started reading the recommend book on machine learning. Looking forward to whats to come…
As I was browsing through your website I came across signals dashboard and wanted to see if I was eligible to start receiving the signals. If so, I have created a dedicated email address …
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.
I am trying to figure if it is safe and secure in terms of not stealing API connection data. Another concern I would have is how responsive they are in terms of problems.
Let me know your comments especially if you have tried them.
