Date: Fri, 08 Jan 2016 11:00:00 -0500
<p>Visit our <a href="http://pythonpodcast.com?utm_source=rss&utm_medium=rss">site</a> to listen to past episodes, join our community Discourse, support the show, and sign up for our mailing list.</p> <h3>Summary</h3> <p>Yves Hilpisch is a founder of The Python Quants, a consultancy that offers services in the space of quantitative financial analysis. In addition, they have created open source libraries to help with that analysis. In this episode we spoke with him about what quantitative finance is, how Python is used in that domain, and what kinds of knowledge are necessary to do these kinds of analysis.</p> <h3>Brief Introduction</h3> <ul> <li>Hello and welcome to Podcast.__init__, the podcast about Python and the people who make it great.</li> <li>Subscribe on <a href="https://itunes.apple.com/us/podcast/podcast.-init/id981834425?mt=2&uo=6&at=&ct=&utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">iTunes</a>, <a href="http://www.stitcher.com/s?fid=64838&refid=stpr&utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Stitcher</a>, <a href="http://tunein.com/embed/follow/p726240/#?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">TuneIn</a> or <a href="https://www.pythonpodcast.com/feed/mp3/?utm_source=rss&utm_medium=rss">RSS</a></li> <li>Follow us on <a href="https://twitter.com/Podcast__init__?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Twitter</a> or <a href="https://plus.google.com/+Podcastinit-the-python-podcast?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Google+</a></li> <li>Give us feedback! Leave a review on <a href="https://itunes.apple.com/us/podcast/podcast.-init/id981834425?mt=2&uo=6&at=&ct=&utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">iTunes</a>, <a href="https://twitter.com/Podcast__init__?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Tweet</a> to us, send us an <a href="mailto:hosts@podcastinit.com">email</a> or leave us a message on <a href="https://plus.google.com/+Podcastinit-the-python-podcast?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Google+</a></li> <li>I would like to thank everyone who has donated to the show. Your contributions help us make the show sustainable. For details on how to support the show you can visit our site at <a href="http://pythonpodcast.com?utm_source=rss&utm_medium=rss">pythonpodcast.com</a></li> <li>I would also like to thank Hired, a job marketplace for developers, for sponsoring this episode of Podcast.__init__. Use the link <a href="http://hired.com/podcastinit?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">hired.com/podcastinit</a> to double your signing bonus to $4,000.</li> <li>We are recording today on December 30th, 2015 and your hosts as usual are Tobias Macey and Chris Patti</li> <li>Today we are interviewing Yves Hilpisch about Quantitative Finance</li> </ul> <div class="well"><a href="https://hired.com/?utm_content=shownotes-4k&utm_medium=podcast&utm_source=podcastinit&utm_source=rss&utm_medium=rss" rel="noopener" target="_blank"><img alt="Hired Logo" src="https://i0.wp.com/podcastinit.podbean.com/mf/web/ehi957/hired-logo-dark-padding.png?w=1200&utm_source=rss&utm_medium=rss" /></a>On Hired software engineers & designers can get 5+ interview requests in a week and each offer has salary and equity upfront. With full time and contract opportunities available, users can view the offers and accept or reject them before talking to any company. Work with over 2,500 companies from startups to large public companies hailing from 12 major tech hubs in North America and Europe. Hired is totally free for users and If you get a job you’ll get a $2,000 “thank you” bonus. If you use our <a href="https://hired.com/?utm_content=shownotes-4k&utm_medium=podcast&utm_source=podcastinit&utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">special link</a> to signup, then that bonus will double to $4,000 when you accept a job. If you’re not looking for a job but know someone who is, you can refer them to Hired and get a $1,337 bonus when they accept a job.</p> </div> <h3>Interview with Yves Hilpisch</h3> <ul> <li>Introductions</li> <li>How did you get introduced to Python? – Chris</li> <li>Can you explain what Quantitative Finance is? – Tobias</li> <li>How common is it for Python to be used in an investment bank or hedge fund? – Tobias</li> <li>What factors contribute to the choice of whether or not to use Python in a Quantitative Finance role? – Tobias</li> <li>Are there any performance bottle necks or other considerations inherent in using Python for quantitative finance? – Chris</li> <li>What kind of background is necessary for getting started in Quantitative Finance? – Tobias</li> <li>What kinds of libraries or algorithms in Python are useful for the day-to-day work of a quant? – Tobias</li> <li>Is Python actually used to enact the trades? What protocols, APis, and libraries are used in this process? – Chris</li> <li>Could you please walk us through how a simple analysis using DXAnalytics might work? – Chris</li> <li>You work for a company called ‘<a href="http://tpq.io?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">The Python Quants</a>‘. What kinds of services do you provide and what kinds of organizations typically hire you? – Tobias</li> </ul> <h3>Picks</h3> <ul> <li>Tobias <ul> <li><a href="http://amzn.to/1JJvnn4?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Kraken</a> by China Miéville</li> <li><a href="http://amzn.to/1JJvy1Q?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Heroes in Training series</a></li> <li><a href="http://amzn.to/1JJvDTb?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Olympians Graphic Novels</a></li> <li><a href="http://dataelixir.com/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Data Elixir Newsletter</a></li> </ul> </li> <li>Chris <ul> <li><a href="http://hillfarmstead.com/ancestral-series/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Hill Farmstead – Edward</a></li> <li><a href="http://longtrail.com/beers/culmination?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Long Trail – Brush & Barrel Series – Culmination Chocolate Porter</a></li> <li><a href="http://longtrail.com/beers/spaaaaaace-juice?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Long Trail – Spaaaaaace Juice Double IPA</a></li> <li><a href="https://flask-restless.readthedocs.org/en/latest/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Flask-RESTLess</a></li> </ul> </li> <li>Yves <ul> <li><a href="http://amzn.to/1TpRsN5?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">The Willpower Instinct</a></li> <li><a href="http://amzn.to/1JJvXRX?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">The Way of the Seal</a></li> <li><a href="http://amzn.to/1TpRwfE?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Sapiens: A Brief History of Humankind</a></li> <li><a href="http://www.anrdoezrs.net/5f108tenkem19A634571334823BA1366A4B442B222?url=http%3A%2F%2Fshop.oreilly.com%2Fproduct%2F9781783288458.do%3Fcmp%3Daf-na-books-videos-product_cj_9781783288465_%2525zp&cjsku=9781783288458&utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Python High Performance Computing</a></li> </ul> </li> </ul> <h3>Keep In Touch</h3> <ul> <li><a href="https://twitter.com/dyjh?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Twitter</a></li> <li><a href="http://hilpisch.com?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Website</a></li> </ul> <h3>Links</h3> <ul> <li><a href="https://www.quandl.com/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Quandl</a></li> <li><a href="http://finance.yahoo.com/market-overview/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Yahoo Finance Market Data</a></li> <li><a href="http://www.ravenpack.com/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Ravenpack</a></li> <li><a href="http://dx-analytics.com?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">DX Analytics</a></li> <li><a href="http://datapark.io/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">DataPark.io</a></li> <li><a href="http://www.anrdoezrs.net/hh104gv30v2IQROJQSOIKKLPJKSRIKNNRLSLLJSJJJ?url=http%3A%2F%2Fshop.oreilly.com%2Fproduct%2F0636920032441.do%3Fcmp%3Daf-strata-books-videos-product_cj_9781491945278_%2525zp&cjsku=9781491945278&utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Python for Finance</a></li> <li><a href="http://www.wiley.com/WileyCDA/WileyTitle/productCd-1119037999.html?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Derivatives Analytics With Python</a></li> <li><a href="http://fpq.io/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Python Quants Conference</a></li> <li><a href="http://osqf.tpq.io/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">Open Source for Quant Finance</a></li> </ul> <p>The intro and outro music is from Requiem for a Fish <a href="http://freemusicarchive.org/music/The_Freak_Fandango_Orchestra/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">The Freak Fandango Orchestra</a> / <a href="http://creativecommons.org/licenses/by-sa/3.0/?utm_source=rss&utm_medium=rss" rel="noopener" target="_blank">CC BY-SA</a><img alt="" height="0" src="https://analytics.boundlessnotions.com/piwik.php?idsite=1&rec=1&url=https%3A%2F%2Fwww.pythonpodcast.com%2Fepisode-39-yves-hilpisch-on-quantitative-finance%2F&action_name=Yves+Hilpisch+on+Quantitative+Finance+-+Episode+39&urlref=https%3A%2F%2Fwww.pythonpodcast.com%2Ffeed%2F&utm_source=rss&utm_medium=rss" style="border: 0; width: 0; height: 0;" width="0" /></p>