Our largest fund and most profitable fund (around $US 25B), which includes some our of brightest people, which uses the Linux server infrastructure I design, also uses R and Python.
Trades are made based on the models created in these languages by our research teams. Our traders simply execute what our researchers models tell them to, when the model tells them to.
So both R and Python are fundamental parts of our business without which our best products could not function.
We don't use freeware either, as neither R, Python, or Linux are freeware. They are licensed software, with OSD compatible licenses.
It's a fair question. Everyone is aware the traders, which are normally a big deal, are slaves to the research gents and their algorithms.
My guess is largely, they can be. The actual trades could be automated (this would become increasingly necessary with rapid-fire [millisecond] trading, which we don't do now but could in future). The meatware oversight could be consolidated to a smaller group of individuals.
Our largest fund and most profitable fund (around $US 25B), which includes some our of brightest people, which uses the Linux server infrastructure I design, also uses R and Python.
Trades are made based on the models created in these languages by our research teams. Our traders simply execute what our researchers models tell them to, when the model tells them to.
So both R and Python are fundamental parts of our business without which our best products could not function.
We don't use freeware either, as neither R, Python, or Linux are freeware. They are licensed software, with OSD compatible licenses.