The first table below looks at the demand for Algorithmic Trading skills in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 11 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category for the City of London region.

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
11 Jul 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 164 190 205
Rank change year-on-year
+26 +15
Contract jobs citing Algorithmic Trading 30 28 20
As % of all contract IT jobs located in the City of London 0.53% 0.40% 0.26%
As % of the Processes & Methodologies category 0.70% 0.52% 0.35%
Number of daily rates quoted 25 25 11
Average daily rate
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£650 £650 £650
UK excluding London average daily rate £375 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Processes & Methodologies Category
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
4300 5344 5715
As % of all contract IT jobs located in the City of London 75.54% 75.69% 74.45%
Number of daily rates quoted 3195 4002 4241
Average daily rate £450 £450 £463
Average daily rate % change year-on-year
- -2.70%
90% offered a daily rate of more than £310 £300 £300
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £375 £375 £363
% change year-on-year
- +3.44%
Number of hourly rates quoted 44 101 80
Average hourly rate £24.00 £27.97 £25.50
Average hourly rate % change year-on-year
-14.19% +9.68%
90% offered a hourly rate of more than £14.50 £16.40 £17.00
10% offered a hourly rate of more than £46.23 £59.00 £49.50
UK excluding London average hourly rate £27.00 £31.00 £30.00
% change year-on-year
-12.90% +3.33%
Algorithmic Trading
London

Algorithmic Trading
Jobs Demand Trend in the City of London

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

Algorithmic Trading Jobs Demand Trend in the City of London

Algorithmic Trading
Daily Rate Trend in the City of London

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

Algorithmic Trading Daily Rate Trend in the City of London

Algorithmic Trading
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Algorithmic Trading across the City of London region over the 3 months to 11 July 2014.

Algorithmic Trading Daily Rate Histogram in the City of London

Algorithmic Trading
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Algorithmic Trading across the City of London region.

Algorithmic Trading Hourly Rate Trend in the City of London

Algorithmic Trading
Top 30 Related IT Skills in the City of London

For the 6 months to 11 July 2014, IT contractor jobs across the City of London region citing Algorithmic Trading also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Algorithmic Trading.

1 32 (76.19%) Low Latency
2 28 (66.67%) Java
3 27 (64.29%) Foreign Exchange (FX)
4 24 (57.14%) Banking
5 20 (47.62%) Multithreading
6 16 (38.10%) Front Office
7 15 (35.71%) SQL
8 13 (30.95%) Investment Banking
9 12 (28.57%) Finance
9 12 (28.57%) Equities
10 11 (26.19%) VWAP
10 11 (26.19%) C#
10 11 (26.19%) TWAP
10 11 (26.19%) Performance Tuning
11 10 (23.81%) Electronic Trading
11 10 (23.81%) UNIX
12 8 (19.05%) Linux
12 8 (19.05%) FIX Protocol
13 6 (14.29%) Mathematics
14 5 (11.90%) E-Commerce
14 5 (11.90%) Risk Management
14 5 (11.90%) Software Engineering
15 4 (9.52%) WPF
15 4 (9.52%) Business Analysis
15 4 (9.52%) TCP/IP
15 4 (9.52%) Windows
15 4 (9.52%) .NET
15 4 (9.52%) LINQ
15 4 (9.52%) KDB
15 4 (9.52%) 29West

Algorithmic Trading
Top Related IT Skills in the City of London by Category

For the 6 months to 11 July 2014, IT contractor jobs across the City of London region citing Algorithmic Trading also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Algorithmic Trading. Up to 20 skills are shown per category.

Application Platforms
1 2 (4.76%) Oracle Coherence
Applications
1 3 (7.14%) MS Office
Business Applications
1 2 (4.76%) RMDS
Communications & Networking
1 4 (9.52%) TCP/IP
1 4 (9.52%) Multicast
Database & Business Intelligence
1 4 (9.52%) KDB
Development Applications
1 2 (4.76%) Ant
1 2 (4.76%) Visual Studio
1 2 (4.76%) Eclipse
1 2 (4.76%) Maven
1 2 (4.76%) SpecFlow
General
1 24 (57.14%) Banking
2 16 (38.10%) Front Office
3 13 (30.95%) Investment Banking
4 12 (28.57%) Finance
5 3 (7.14%) Financial Institution
6 1 (2.38%) Legal
6 1 (2.38%) Games
Job Titles
1 20 (47.62%) Developer
2 14 (33.33%) Java Developer
3 6 (14.29%) Senior Developer
4 4 (9.52%) Development Manager
4 4 (9.52%) Senior Java Developer
5 3 (7.14%) WPF Developer
5 3 (7.14%) C# Developer
6 2 (4.76%) Lead Developer
6 2 (4.76%) Business Analyst
6 2 (4.76%) Analyst
6 2 (4.76%) Lead Java Developer
7 1 (2.38%) E-Commerce Specialist
7 1 (2.38%) Head of Development
7 1 (2.38%) C# .NET Developer
7 1 (2.38%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 8 (19.05%) FIX Protocol
2 4 (9.52%) .NET
2 4 (9.52%) WPF
2 4 (9.52%) LINQ
2 4 (9.52%) RabbitMQ
3 2 (4.76%) Reactive Extensions
3 2 (4.76%) JMS
3 2 (4.76%) Middleware
3 2 (4.76%) WCF
4 1 (2.38%) WinForms
4 1 (2.38%) J2SE
Miscellaneous
1 27 (64.29%) Foreign Exchange (FX)
2 12 (28.57%) Equities
3 11 (26.19%) VWAP
3 11 (26.19%) TWAP
4 6 (14.29%) Mathematics
5 3 (7.14%) Fixed Income
6 2 (4.76%) Physics
6 2 (4.76%) Visualisation
7 1 (2.38%) Derivative
7 1 (2.38%) Enterprise Software
Operating Systems
1 10 (23.81%) UNIX
2 8 (19.05%) Linux
3 4 (9.52%) Windows
4 2 (4.76%) Solaris
Processes & Methodologies
1 32 (76.19%) Low Latency
2 20 (47.62%) Multithreading
3 11 (26.19%) Performance Tuning
4 10 (23.81%) Electronic Trading
5 5 (11.90%) Software Engineering
5 5 (11.90%) E-Commerce
5 5 (11.90%) Risk Management
6 4 (9.52%) Business Analysis
7 3 (7.14%) Problem Management
7 3 (7.14%) Agile Software Development
8 2 (4.76%) TDD
8 2 (4.76%) Scrum
8 2 (4.76%) OO
8 2 (4.76%) Ultra-Low Latency
8 2 (4.76%) BDD
9 1 (2.38%) Change Control
9 1 (2.38%) Analytics
9 1 (2.38%) UML
9 1 (2.38%) Project Management
9 1 (2.38%) Process Management
Programming Languages
1 28 (66.67%) Java
2 15 (35.71%) SQL
3 11 (26.19%) C#
4 3 (7.14%) C++
4 3 (7.14%) Perl
4 3 (7.14%) AWK
4 3 (7.14%) C-shell
5 1 (2.38%) R
5 1 (2.38%) Python
5 1 (2.38%) Shell Script
Qualifications
1 2 (4.76%) Degree
2 1 (2.38%) PhD
Vendors
1 4 (9.52%) 29West
2 3 (7.14%) TIBCO
3 2 (4.76%) Oracle
3 2 (4.76%) Microsoft
4 1 (2.38%) Portware
City, London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 2 days ago