December 8th, 2006, 10:03 am
I've recently changed job, and am now trading on a desk where the guys are a bit "old school" and Excel is the standard, rather than Matlab.It's been a real test, because they can all understand a spreadsheet and some VBA code, but they just throw their hands up when you try and encourage them to use something in Matlab (even with an Excel front end). Basically, if they can't see how the thing works, and have no hope of reverse-engineering it, then they will not use it.The interesting thing is, the desk is rapidly splitting into the "haves" and "have nots". The "old school" guys are stuck in a non-stochastic world with crappy approximations and clunky tools, while we are moving forward into program trading and automating a lot of the manual crap.Speaking of which - has anyone ever built a toolbox to link Reuters and Matlab? It would save me a few intermediate steps and some time.EQ