In recent months and years, I have heard a lot about Python as a programming language in and around commodity trading and risk management. Not being much of a programmer myself, I first consulted Wikipedia to learn that Python is an interpreted, high-level general-purpose programming language first released in 1991. “Python’s design philosophy emphasizes code readability with its notable use of significant whitespace. Its language constructs and object-oriented approach aim to help programmers write clear, logical code for small and large-scale projects,” it says. According to Bobby Morris and Mark Ayzenberg of Beacon Platform, a company who use Python extensively, one of the advantages of Python is that it makes things much easier than say C++. “For things like connecting to various data sources like time series and matrices, there are functions out of the box, connection to other systems is also easier and it keeps track of everything that you do,” they told me. Beacon Platform has built Python objects to represent structures like market conditions and market states without the need for “loads of code,” and therein seems to be one of the languages key attributes – brevity. “Python makes things more manageable and, for example, if you built something in an older programming language, it… continue reading
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