Algorithmic Trading Contracts in Central London

Algo Trading
London > Central London

The following table provides summary statistics for contract job vacancies advertised in Central London with a requirement for Algorithmic Trading skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Algorithmic Trading over the 6 months to 4 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
4 May 2024
Same period 2023 Same period 2022
Rank 122 162 189
Rank change year-on-year +40 +27 -37
Contract jobs citing Algorithmic Trading 11 10 8
As % of all contract jobs advertised in Central London 0.46% 0.26% 0.18%
As % of the Processes & Methodologies category 0.50% 0.28% 0.19%
Number of daily rates quoted 11 8 6
10th Percentile £733 £488 £644
25th Percentile £811 £516 £672
Median daily rate (50th Percentile) £971 £638 £700
Median % change year-on-year +52.24% -8.93% -3.45%
75th Percentile £1,213 £681 £728
90th Percentile - £779 £738
London median daily rate £925 £650 £750
% change year-on-year +42.31% -13.33% -

All Process and Methodology Skills
Central London

Algorithmic Trading is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Central London with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 2,189 3,514 4,179
As % of all contract IT jobs advertised in Central London 90.64% 91.39% 91.62%
Number of daily rates quoted 1,561 2,377 3,194
10th Percentile £350 £325 £375
25th Percentile £450 £463 £475
Median daily rate (50th Percentile) £550 £600 £575
Median % change year-on-year -8.33% +4.39% +9.48%
75th Percentile £688 £725 £675
90th Percentile £800 £820 £775
London median daily rate £550 £590 £575
% change year-on-year -6.78% +2.61% +9.52%
Number of hourly rates quoted 24 29 41
10th Percentile £20.01 £15.45 £18.50
25th Percentile £22.38 £18.50 £24.25
Median hourly rate £27.81 £35.00 £40.50
Median % change year-on-year -20.54% -13.58% +102.50%
75th Percentile £29.11 £58.75 £55.25
90th Percentile £41.29 £88.30 £65.75
London median hourly rate £28.50 £39.00 £36.41
% change year-on-year -26.92% +7.11% +10.84%

Algorithmic Trading
Job Vacancy Trend in Central London

Job postings citing Algorithmic Trading as a proportion of all IT jobs advertised in Central London.

Job vacancy trend for Algorithmic Trading in Central London

Algorithmic Trading
Contractor Daily Rate Trend in Central London

3-month moving average daily rate quoted in jobs citing Algorithmic Trading in Central London.

Daily rate trend for Algorithmic Trading in Central London

Algorithmic Trading
Daily Rate Histogram in Central London

Daily rate distribution for jobs citing Algorithmic Trading in Central London over the 6 months to 4 May 2024.

Daily rate histogram for Algorithmic Trading in Central London

Algorithmic Trading
Contract Job Locations in Central London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Algorithmic Trading within the Central London region over the 6 months to 4 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
City of London +50 10 £948 +48.67% 3
City of Westminster - 1 £1,000 -
Algorithmic Trading
London

Algorithmic Trading
Co-occurring Skills and Capabilities in Central London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (9.09%) MQSeries
Database & Business Intelligence
1 4 (36.36%) KDB
General
1 4 (36.36%) Finance
2 3 (27.27%) Banking
2 3 (27.27%) Investment Banking
3 2 (18.18%) Front Office
4 1 (9.09%) Social Skills
Job Titles
1 8 (72.73%) Developer
2 4 (36.36%) KDB Developer
3 2 (18.18%) Quantitative Developer
4 1 (9.09%) Algorithmic Trading Developer
4 1 (9.09%) C++ Developer
4 1 (9.09%) C++ Developer - Algorithmic Trading
4 1 (9.09%) C++ Quantitative Developer
4 1 (9.09%) Data Manager
4 1 (9.09%) Digital Project Manager
4 1 (9.09%) Java Developer
4 1 (9.09%) Java Quantitative Developer
4 1 (9.09%) Project Manager
4 1 (9.09%) Python Engineer
4 1 (9.09%) Reinsurance Project Manager
Libraries, Frameworks & Software Standards
1 1 (9.09%) FIX Protocol
1 1 (9.09%) Rendezvous
1 1 (9.09%) Ultra Messaging
1 1 (9.09%) XML
Miscellaneous
1 3 (27.27%) Algorithms
1 3 (27.27%) Fixed Income
2 2 (18.18%) Equities
2 2 (18.18%) Foreign Exchange (FX)
3 1 (9.09%) Derivative
3 1 (9.09%) Equity Derivative
3 1 (9.09%) Greenfield Project
3 1 (9.09%) Hedge funds
3 1 (9.09%) Reinsurance
Operating Systems
1 1 (9.09%) Linux
Processes & Methodologies
1 5 (45.45%) Analytics
1 5 (45.45%) Low Latency
2 3 (27.27%) Backtesting
3 2 (18.18%) Multithreading
3 2 (18.18%) Order Management
3 2 (18.18%) Software Engineering
3 2 (18.18%) Technical Debt
3 2 (18.18%) Test Automation
4 1 (9.09%) Agile
4 1 (9.09%) Artificial Intelligence
4 1 (9.09%) Data Management
4 1 (9.09%) E-business
4 1 (9.09%) Electronic Trading
4 1 (9.09%) High Availability
4 1 (9.09%) Investment Management
4 1 (9.09%) Portfolio Management
4 1 (9.09%) Predictive Analytics
4 1 (9.09%) Risk Management
4 1 (9.09%) Statistical Analysis
4 1 (9.09%) Waterfall
Programming Languages
1 3 (27.27%) Java
1 3 (27.27%) Python
1 3 (27.27%) SQL
2 2 (18.18%) C++
3 1 (9.09%) C#
3 1 (9.09%) Perl
3 1 (9.09%) PowerShell
Qualifications
1 1 (9.09%) CCNA
1 1 (9.09%) Cisco Certification
Systems Management
1 1 (9.09%) ITRS Geneos
Vendors
1 2 (18.18%) Solace
1 2 (18.18%) TIBCO
2 1 (9.09%) Cisco
2 1 (9.09%) IBM