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 19 September 2014 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.

Location
3 months to
19 Sep 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank - 31 48
Contract jobs citing Algorithmic Trading 0 14 2
As % of all contract IT jobs located in Canary Wharf - 6.42% 0.52%
As % of the Processes & Methodologies category - 7.91% 0.63%
Number of daily rates quoted 0 13 2
Average daily rate
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of your Daily Rate
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- £700 £675
Average daily rate % change year-on-year
- +3.70%
UK excluding London average daily rate £400 - -
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
99 177 319
As % of all contract IT jobs located in Canary Wharf 87.61% 81.19% 82.64%
Number of daily rates quoted 44 132 237
Average daily rate £450 £485 £550
Average daily rate % change year-on-year
-7.21% -11.81%
90% offered a daily rate of more than £327 £336 £400
10% offered a daily rate of more than £575 £700 £625
UK excluding London average daily rate £375 £370 £363
% change year-on-year
+1.35% +2.06%
Number of hourly rates quoted 2 1 3
Average hourly rate £18.00 £21.50 £25.00
Average hourly rate % change year-on-year
-16.27% -14.00%
UK excluding London average hourly rate £26.25 £30.00 £30.00
% change year-on-year
-12.50% -

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