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Jarfi
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Talking about banks, credit cards, card swipes, ATM machines...stocks/wallstreet all that stuff, is it C/C++ that is generally used?
rcgldr said:For banking like operations, it used to be Cobol and in the case of IBM mainframes with some assembly code (a long time ago, some of the database access methods were assembly macros). Some financial institutions are required to use decimal based math, and Cobol includes native support for decimal based math.
It's been around forever (i.e., since 1959). Grace Hopper was instrumental in the development of this language.Jarfi said:Ah, never even heard of COBOL before, thanks
Jarfi said:Talking about banks, credit cards, card swipes, ATM machines...stocks/wallstreet all that stuff, is it C/C++ that is generally used?
rcgldr said:Cobol includes native support for decimal based math
jtbell said:This includes storing numbers as binary coded decimal, i.e. a separate group of bits for each decimal digit. To save memory space, many COBOL programs written before the turn of the century stored year values as two digits, with an implicit preceding '19'. This was the infamous "Y2K bug" which created a lot of temporary work for COBOL programmers just before the year 2000.
http://en.wikipedia.org/wiki/Year_2000_problem
Finance systems are typically programmed in languages such as Java, C++, Python, and SQL. These languages are commonly used in the finance industry due to their efficiency, reliability, and ability to handle large amounts of data.
There is no one specific programming language used for finance systems. The choice of language depends on the specific needs and requirements of the system, as well as the preferences of the developers. Some systems may also use a combination of multiple languages.
It varies from company to company, but many larger financial institutions have their own in-house teams of developers who work on their finance systems. However, some companies may also use external vendors for certain aspects of their systems, such as software integration or maintenance.
The choice of programming language is crucial for finance systems as it directly impacts the system's performance, security, and scalability. It is important to carefully consider the needs and requirements of the system before selecting a programming language.
Yes, there are some emerging programming languages that are gaining popularity in the finance industry, such as R and Julia. These languages are specifically designed for data analysis and are well-suited for financial data processing and analysis.