What is the Best Programming Language for Modeling a Currency Auction Market?

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SUMMARY

The discussion centers on identifying the best programming language for modeling a currency auction market, specifically for simulating euro/dollar transactions. Participants emphasize the importance of hiring a programmer with a strong background in mathematics, particularly in calculus and statistics, to effectively implement the required simulations. The field of Computational Finance is highlighted as a relevant specialization, with professionals in this area often holding advanced degrees in Physics, Engineering, or Mathematics and commanding significantly higher salaries compared to traditional roles.

PREREQUISITES
  • Understanding of Computational Finance principles
  • Proficiency in programming languages suitable for financial modeling, such as Python or R
  • Knowledge of mathematical concepts, specifically calculus and statistics
  • Familiarity with financial market dynamics and auction mechanisms
NEXT STEPS
  • Research Python libraries for financial modeling, such as NumPy and Pandas
  • Explore R packages for statistical analysis in financial contexts
  • Learn about simulation techniques in financial markets, including Monte Carlo methods
  • Investigate advanced degrees and certifications in Computational Finance
USEFUL FOR

Individuals involved in financial modeling, programmers seeking to specialize in Computational Finance, and anyone interested in simulating currency market dynamics.

datatec
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I am currenctly doing a project on the mathematics behid human interaction in the currency market. I am looking for a programmer capable of building a program to run simulations based on mathematical equations and other parameters which I will supply that can mimic a real euro/dollar market place. I would love some feedback concerning which programming language would be the most adequate and also I programmer with a good knowledge of mathematics would be perfect (calculus and statistics).

Payment can be discussed.
 
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datatec said:
…I would love some feedback concerning which programming language would be the most adequate and also I programmer with a good knowledge of mathematics would be perfect (calculus and statistics).

Payment can be discussed.

The New York Stock Exchange would call the individual your looking for to be one who specializes in Computational Finance. The person would have advanced degrees in Physics, Engineering, or Mathematics. Salaries for the solid performer are very high, 2 to 3 times that of their cohorts who are employed in the traditional fields. It took my nephew about 3 years to become a millionaire via salary and fortuitous investments. He had masters degrees in math and business.
 

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