Why Trading Needs Tech Skills
"Trading today is about more than instincts. It’s a world where coding skills and a deep understanding of technology provide a distinct advantage" - Christine Lagarde, President of the European Central Bank
"Trading today is about more than instincts. It’s a world where coding skills and a deep understanding of technology provide a distinct advantage" - Christine Lagarde, President of the European Central Bank
How Technology Transformed Trading
Algorithmic Trading: Approximately 60-70% of equity market trades in the U.S. are now executed by algorithms, according to a report by CNBC.
Big Data: Traders rely on enormous datasets, from market prices to global events, to identify patterns and opportunities.
Automation: Repetitive tasks, like trade settlement and reporting, are now automated, reducing human error and freeing up time for strategy.
Without coders, data scientists, and tech-savvy individuals, modern trading simply wouldn’t function.
Over the past two decades, trading has shifted dramatically:
Algorithmic Trading: Approximately 60-70% of equity market trades in the U.S. are now executed by algorithms, according to a report by CNBC.
Big Data: Traders rely on enormous datasets, from market prices to global events, to identify patterns and opportunities.
Automation: Repetitive tasks, like trade settlement and reporting, are now automated, reducing human error and freeing up time for strategy.
Without coders, data scientists, and tech-savvy individuals, modern trading simply wouldn’t function.
The Skills Traders Need Today
Programming: Languages like Python, C++, and Java are staples in trading. They’re used to build algorithms, optimise systems, and model risks.
Data Analysis: Knowledge of data visualisation tools and statistical methods helps identify trends and develop strategies.
Problem-Solving: Trading is fast-paced and unpredictable. Coders often help tackle real-time challenges, like minimising latency or resolving system bottlenecks.
Real-Life Example: How Coders Drive Success
Imagine a team of traders facing a bottleneck because their system can’t process high-frequency trades quickly enough.
A computer science graduate steps in, optimizes the code, and cuts processing time by 50%. That optimisation translates into millions of dollars in potential profits.
Why This Matters for You
Your skills in coding and problem-solving can directly impact markets and profits. The challenges are exciting, the environment is dynamic, and the opportunities for growth are immense.
Trading offers a rare mix of high-tech and high-stakes, a perfect match for STEM talent.
Conclusion
Ready to make the leap? Register for a free Markets simulation below!
Ready to make the leap? Register for a free Markets simulation below!
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