You want to work as a trader. Does this mean you need to learn how to code? If you want to build an enduring career, the answer is almost certainly yes.
If you’re simply a market maker, you won’t need to know how to code, but if you’re going into electronic trading, then coding will definitely help.
In other words, if you plan to spend your career working the phones, making markets on behalf of clients and deciding moment by moment how and when to place trades, coding isn’t a must. But if you want to work in electronic trading and to cede some of these decisions to machines, you’ll absolutely need to know that Python is more than a reptile. And with an increasing proportion of trades happen electronically, familiarity with Python and other coding languages looks pretty imperative.
Most junior traders now come ready-equipped with coding knowledge. A lot of the guys who are coming through now have learned how to code at university and have electrical engineering or computer science degrees.
Electronic trader who’s spent time working in a senior role at Goldman Sachs, says it’s a “generational thing”. “Every computer science and maths student and every top university wants to be a trader, and they’ve all studied coding. Pretty soon, all the juniors in finance will be coding-literate.”
The technology develop so fast that things become more difficult as for the guys from the old school, as for those who have graduated a few years ago, because the new technology this year will be old next year.
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