The table below looks at the statistics for Algorithmic Trading skills in IT contracts advertised for the Canary Wharf region. Included is a guide to the average contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 1 May 2016 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

3 months to
1 May 2016
Same period 2015 Same period 2014
Algo Trading
Rank - 27 -
Contract jobs citing Algorithmic Trading 0 1 0
As % of all contract IT jobs located in Canary Wharf - 0.75% -
As % of the Processes & Methodologies category - 0.84% -
Number of daily rates quoted 0 1 0
Average daily rate - £450 -
UK excluding London average daily rate - £650 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Algorithmic Trading
London

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised in the Canary Wharf region.

Processes & Methodologies Category
Canary Wharf
Contract IT job ads with a match in the
Processes & Methodologies category
106 119 106
As % of all contract IT jobs located in Canary Wharf 83.46% 88.81% 80.30%
Number of daily rates quoted 89 78 81
Average daily rate £480 £505 £500
Average daily rate % change year-on-year
-4.95% +1.00%
90% offered a daily rate of more than £371 £375 £315
10% offered a daily rate of more than £650 £625 £775
UK excluding London average daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 1 0 4
Average hourly rate £26.00 - £23.00
UK excluding London average hourly rate £36.00 £30.50 £31.50
% change year-on-year
+18.03% -3.17%

Algorithmic Trading
Jobs Demand Trend in Canary Wharf

This chart provides a 3-month moving total of IT contractor jobs citing Algorithmic Trading across the Canary Wharf region as a proportion of the total demand within the Processes & Methodologies category.

Algorithmic Trading Jobs Demand Trend in Canary Wharf

Algorithmic Trading
Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Algorithmic Trading across the Canary Wharf region.

Algorithmic Trading Daily Rate Trend in Canary Wharf