Trading has attracted attention from all corners of the globe. The skillset required of traders is changing as technology advances. If you want to work in the trading industry, you’ll need to be familiar with a few programming languages.
In light of this, we’ve compiled a list of the top 8 programming languages that traders should master by 2022.
Python
Python is an open-source programming language based on the functional programming paradigm. Python is one of the top 10 programming languages that traders should learn in 2022 for a variety of reasons, including the ability to expand python code to simple trading algorithms.
When writing algorithmic trading applications in this language, there is no need to write as much code as in other languages.
Java
For traders, Java is one of the most used programming languages. Data modelling, simulations, and low-latency execution are just a few of the numerous applications where Java is a godsend. Java is user-friendly, versatile, and simple to learn, with the added benefit of project diversity and high pay. Another reason why IT companies like Netflix, Amazon, Twitter, and others want to work with Java is its strong security.
JavaScript
This popular programming language supports imperative, object-oriented, and functional programming and is incredibly simple to learn. JavaScript is widely used in financial planning and analysis platforms, vehicle maintenance management systems, label generation management, and many more applications. It’s no surprise that JavaScript is more than just a programming language.
Scala
Scala is a popular programming language that has grown in prominence in the banking and FinTech industries. Scala is the go-to language for everything from data architecture to cloud-based finance services. The code in this language is simple and compact, and it supports both object-oriented and functional programming.
C++
C++, a middle-level programming language, is a boon to traders because it is used to construct latency-sensitive components of High-Frequency Trading (HFT). This is because C++ is very good at processing large amounts of data. In addition, many banks’ older systems employ this programming language.
C#
C# is a low-level, platform-independent object-oriented programming language that shares many similarities with Java and C++. By simplifying the code and reducing development time, C# can be used to design complicated development projects. This is a type of object-oriented programming that can help traders in a variety of ways.
R
Any good trading algorithm must be carefully tested using sample data, as is common knowledge. R enters the picture at this point. When it comes to creating algorithms that create trade signals and maximise strategy returns, R is essential. R is an open-source programming language that is widely used in statistics and data analytics.
PHP
PHP is yet another widely used server-side general-purpose programming language that plays an important part in data analytics, a subject in which traders are heavily involved. PHP is a robust, safe, and scalable programming language that aids developers in writing test cases and doing testing efficiently.
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