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I have heard many times that such languages as Python, C++, R and Matlab are popular in finance industry. As for the first three it is a clear choice since they are open source and non-proprietary, but using Matlab requires purchasing of license, so my question is can quant (or anyone else doing quantitative tasks) use another proprietary CAS or programming language like Mathematica for example? If not, why just Matlab?

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closed as primarily opinion-based by LocalVolatility, vonjd, Quantuple, Bob Jansen Apr 10 '17 at 15:44

Many good questions generate some degree of opinion based on expert experience, but answers to this question will tend to be almost entirely based on opinions, rather than facts, references, or specific expertise. If this question can be reworded to fit the rules in the help center, please edit the question.

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    $\begingroup$ Very suitable. A few quant books even use Mathematica amazon.com/Option-Valuation-Under-Stochastic-Volatility/dp/… $\endgroup$ – noob2 Apr 10 '17 at 15:11
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    $\begingroup$ There are some (proprietary trading shop) Quant Research departments that used Mathematica almost exclusively. In the last 10 years other tools have improved more rapidly than Mathematica has. Those shops no longer use it much. $\endgroup$ – Brian B Apr 10 '17 at 18:08
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    $\begingroup$ To be honest I haven't seen Mathematica in this area for quite some time. Nowadays its mainly R and Python. In my experience Matlab is in decline too. $\endgroup$ – vonjd Apr 10 '17 at 19:11

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