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Use of Functional/Declarative Languages?

Wendell

Joined
8/11/08
Messages
1
Points
11
I'm in computer science and I'd like to ask about the use of certain languages in the finance industry. Although it seems that the field covered by this forum predominantly uses C++, I frequently hear of companies that base their operations on one of these languages: R/S APL/K Haskell F#/OCaml Smalltalk I can find very little information on the reasoning behind these choices. I'm told that is because the successful use of these is considered a competitive advantage so programmers are discouraged from talking about their work. Could anyone describe how these languages are used in the finance industry? Are there well-defined subfields where each is dominant, or is the choice between them more due to training and personal taste? Cheers, Wendell
 
Look for Jane Street Capital. They use OCaml.

We do a lot of R and are looking into Scala since most of our stuff is based on the JVM
 
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