FinTech Magazine June 2025 | Page 106

KEY FACT
SQL – Structured Query Language – is today a standardised programming language used to both manage relational databases and perform a variety of operations on the data in them
AI & ML

T O O L S O F T H A N D T H E I R A P

KEY FACT

SQL – Structured Query Language – is today a standardised programming language used to both manage relational databases and perform a variety of operations on the data in them

The modern quant’ s toolkit is predominantly computational, with several programming languages serving different needs across the industry.

Python has emerged as a frontrunner for research and model development, offering an impressive array of specialised libraries that streamline complex analyses.
Its flexibility makes it ideal as an interface to more performance-oriented code written in other languages.
When absolute speed becomes paramount – as in high-frequency trading systems or the core pricing engines within major investment banks – C ++ continues to reign supreme.
Its efficiency in executing complex calculations gives firms the microsecond advantages that can translate into substantial profits in competitive markets.
Meanwhile, R maintains a strong presence, particularly in academic research and statistical analysis, where its visualisation capabilities and statistical packages offer distinct advantages.
MATLAB, despite facing increasing competition, remains valuable for its
106 June 2025