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Options traders

Posted: October 28th, 2008, 2:11 pm
by RVP1234
How important are programming languages if you are an options trader. I guess VBA is a must, but is C++ important as well?

Options traders

Posted: October 28th, 2008, 3:11 pm
by aiQUANT
Extremely important. This C++.

Options traders

Posted: October 28th, 2008, 9:05 pm
by EconPhDTrading
Bullsh*t...

Options traders

Posted: October 29th, 2008, 12:07 am
by jomni
I know options traders with zero programming skills.

Options traders

Posted: October 29th, 2008, 1:59 am
by LSEstat
there was only one options trader knows VBA in lehman trading desk

Options traders

Posted: October 29th, 2008, 8:00 am
by phil451
Just about any front office app worth its salt will carry out all necessary calculations for an option trader. It obviously helps if you have some understanding of the theory behind Option pricing...... but programming, that is a long way down on the requirements list for a successful option trader

Options traders

Posted: October 29th, 2008, 8:18 am
by RVP1234
So I guess most options traders don't have programming skills...this is bullshit right? I thought most options traders were ex-quants

Options traders

Posted: October 29th, 2008, 12:11 pm
by phil451
I think that you are labouring under the misapprehension that traders are highly skilled, intelligent and sophisticated people.Although some are, most just follow the herd, whether it takes them to green pasture........... or to the slaughterhouse!That's how we got into this mess!

Options traders

Posted: October 29th, 2008, 12:24 pm
by AbhiJ
QuoteOriginally posted by: phil451I think that you are labouring under the misapprehension that traders are highly skilled, intelligent and sophisticated people.Although some are, most just follow the herd, whether it takes them to green pasture........... or to the slaughterhouse!That's how we got into this mess!Trading is not necessarily an academically inclined job but so is most of the business where smartness matters more than theoretical knowledge.Trading requires ability of handle stress and quick thinking which is definitely a skill.