A Dashing Blade
Experienced member
- Messages
- 1,373
- Likes
- 170
It's not " frequently used by a trader" at all
It's occaisionally used by quants who don't have any in-house analytics
It's occaisionally used by quants who don't have any in-house analytics
Thanks. Then why do those quants use Matlab instead of other software like VBA,maple?
Martinghoul
Senior member
- Messages
- 2,691
- Likes
- 276
Matlab is good for scientific computing. In particular, it excels at vector/matrix alegbra. Given a need for fast matrix manipulation in finance (and other sciences), Matlab naturally fits the bill.
Professional quants fairly often come from a math/physics background and will have met matlab in their undergraduate courses. R is also becoming widely used, as I understand it, because of its natural connection to stats. It is however a general purpose language as well.
Hakuna Matata
Well-known member
- Messages
- 357
- Likes
- 209
R is also open source, whereas MATLAB comes with a fee for the basic package, plus any add ons that you might want to use.
It's brill though.
It's brill though.
As well, for a lot of purposes, you can use Octave (also open source) instead of matlab, however there are some things octave doesn't do as easily, or the same way as matlab.
I personally use R with R-Studio. On another forum I found a workable way to connect Metatrader 4 v500+ and R-3.0.1. which I am now doing under Ubuntu 12.10/wine
[Edit - wrong R version]
[Edit - if interested google 'MT4R' for the MT4 <-> R connection mentioned above. It's the first result a.t.m.]
I personally use R with R-Studio. On another forum I found a workable way to connect Metatrader 4 v500+ and R-3.0.1. which I am now doing under Ubuntu 12.10/wine
[Edit - wrong R version]
[Edit - if interested google 'MT4R' for the MT4 <-> R connection mentioned above. It's the first result a.t.m.]
Last edited:
Hakuna Matata
Well-known member
- Messages
- 357
- Likes
- 209
knew there was an open source MATLAB-type product but clean forgot the name.
