Python Basics with Illustrations from the Financial Markets

Python Basics with Illustrations from the Financial Markets

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  • Create Date April 28, 2023
  • Last Updated April 28, 2023

What is Python?

Python is a dynamic, interpreted (bytecode-compiled) language that is used in a wide range of domains and technical fields. It was developed by Guido van Rossum in 1991. It was mainly developed for code readability and its syntax is such that it allows programmers to code/express concepts in fewer lines of code. Compared to compiled languages like C, Java, or Fortran, we do not need to declare the type of variables, functions, etc. when we write code in Python. This makes our code short and flexible. Python
tracks the types of all values at runtime and flags code that does not make sense as it runs.

Where is Python used?

Python is used by the novice programmer as well as by the highly skilled professional developer. It is being used in academia, at web companies, in large corporations and financial institutions. It is used for

  • Web and Internet development: Python is used on the server side to create web applications.
  • Software development: Python is used to create GUI applications, connecting databases, etc.
  • Scientific and Numeric applications: Python is used to handle big data and perform complex mathematics.
  • Education: Python is a great language for teaching programming, both at the introductory level and in more advanced courses.
  • Desktop GUIs: The Tk GUI library2 included with most binary distributions of Python is used extensively to build desktop applications.
  • Business Applications: Python is also used to build ERP and ecommerce systems.
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