The table below looks at the statistics for Algorithmic Trading skills in IT contracts advertised for the City of London region. Included is a guide to the contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 23 July 2016 with a comparison to the same period over 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
23 Jul 2016
Same period 2015 Same period 2014
Algo Trading
Rank 157 181 163
Rank change year-on-year
+24 -18
Contract jobs citing Algorithmic Trading 13 31 32
As % of all contract IT jobs located in the City of London 0.38% 0.52% 0.56%
As % of the Processes & Methodologies category 0.45% 0.65% 0.69%
Number of daily rates quoted 13 31 28
Median daily rate £650 £725 £650
Median daily rate % change year-on-year
-10.34% +11.53%
90% offered a daily rate of more than £465 £575 £525
10% offered a daily rate of more than £700 £750 £740
UK excluding London median daily rate - £450 £375
% change year-on-year
- +20.00%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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 City of London region.

Processes & Methodologies Category
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
2916 4778 4634
As % of all contract IT jobs located in the City of London 85.34% 80.64% 80.58%
Number of daily rates quoted 2371 3783 3452
Median daily rate £475 £470 £450
Median daily rate % change year-on-year
+1.06% +4.44%
90% offered a daily rate of more than £338 £325 £308
10% offered a daily rate of more than £625 £625 £625
UK excluding London median daily rate £400 £385 £375
% change year-on-year
+3.89% +2.66%
Number of hourly rates quoted 19 47 46
Median hourly rate £12.50 £22.50 £22.00
Median hourly rate % change year-on-year
-44.44% +2.27%
UK excluding London median hourly rate £28.50 £30.00 £27.50
% change year-on-year
-5.00% +9.09%

Algorithmic Trading
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Algorithmic Trading as a proportion of all IT contracts with a match in 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 23 July 2016.

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 23 July 2016, IT contractor jobs citing Algorithmic Trading also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Algorithmic Trading.

1 28 (77.78%) Low Latency
2 26 (72.22%) Front Office
3 23 (63.89%) Java
4 17 (47.22%) Foreign Exchange (FX)
5 16 (44.44%) Linux
5 16 (44.44%) Unix
6 15 (41.67%) Banking
7 14 (38.89%) Investment Banking
7 14 (38.89%) C++
8 13 (36.11%) Market Making
8 13 (36.11%) Multithreading
9 12 (33.33%) Analytical Skills
9 12 (33.33%) KDB
9 12 (33.33%) Degree
10 11 (30.56%) Fixed Income
10 11 (30.56%) PhD
10 11 (30.56%) Data Structures
10 11 (30.56%) Algorithms
10 11 (30.56%) FX Algorithmic Trading
11 10 (27.78%) Analytics
11 10 (27.78%) Agile Software Development
12 9 (25.00%) OOD
12 9 (25.00%) Shell Script
12 9 (25.00%) OO
13 6 (16.67%) Finance
14 5 (13.89%) Equities
14 5 (13.89%) FIX Protocol
14 5 (13.89%) SQL
15 4 (11.11%) Data Management
15 4 (11.11%) Electronic Trading

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

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

Application Platforms
1 1 (2.78%) Oracle Coherence
Database & Business Intelligence
1 12 (33.33%) KDB
2 2 (5.56%) SQL Server
3 1 (2.78%) DB2
3 1 (2.78%) Relational Database
Development Applications
1 1 (2.78%) JIRA
1 1 (2.78%) Visual Studio
General
1 26 (72.22%) Front Office
2 15 (41.67%) Banking
3 14 (38.89%) Investment Banking
4 6 (16.67%) Finance
5 2 (5.56%) Back Office
Job Titles
1 27 (75.00%) Developer
2 11 (30.56%) Java Developer
3 3 (8.33%) Applications Support
3 3 (8.33%) C# Developer
3 3 (8.33%) C++ Developer
4 2 (5.56%) Analyst
4 2 (5.56%) FIX Analyst
4 2 (5.56%) Onboarding Analyst
5 1 (2.78%) Applications Engineer
5 1 (2.78%) Automation Developer
5 1 (2.78%) Consultant
5 1 (2.78%) Java Scala Developer
5 1 (2.78%) Pricing Consultant
5 1 (2.78%) Scala Developer
5 1 (2.78%) Senior Consultant
5 1 (2.78%) Senior Test Consultant
5 1 (2.78%) Solaris Engineer
5 1 (2.78%) Support Engineer
5 1 (2.78%) Tester
5 1 (2.78%) Web Developer
Libraries, Frameworks & Software Standards
1 5 (13.89%) FIX Protocol
2 2 (5.56%) .NET
2 2 (5.56%) Middleware
3 1 (2.78%) ASP.NET
3 1 (2.78%) ASP.NET MVC
3 1 (2.78%) ASP.NET MVC 4
3 1 (2.78%) ASP.NET Web API
3 1 (2.78%) CSS
3 1 (2.78%) CSS3
3 1 (2.78%) HTML
3 1 (2.78%) HTML5
3 1 (2.78%) jQuery
3 1 (2.78%) KnockoutJS
3 1 (2.78%) LESS
3 1 (2.78%) Rendezvous
3 1 (2.78%) RequireJS
3 1 (2.78%) Sass
3 1 (2.78%) Ultra Messaging
Miscellaneous
1 17 (47.22%) Foreign Exchange (FX)
2 12 (33.33%) Analytical Skills
3 11 (30.56%) Algorithms
3 11 (30.56%) Data Structures
3 11 (30.56%) Fixed Income
4 5 (13.89%) Equities
5 3 (8.33%) Fintech
6 2 (5.56%) Derivative
6 2 (5.56%) Equity Derivative
7 1 (2.78%) Clustering
7 1 (2.78%) Computer Science
7 1 (2.78%) Visualisation
Operating Systems
1 16 (44.44%) Linux
1 16 (44.44%) Unix
2 2 (5.56%) AIX
2 2 (5.56%) Red Hat Enterprise Linux
2 2 (5.56%) Solaris
2 2 (5.56%) SUSE Linux Enterprise Server
3 1 (2.78%) SUSE
3 1 (2.78%) Windows
Processes & Methodologies
1 28 (77.78%) Low Latency
2 13 (36.11%) Market Making
2 13 (36.11%) Multithreading
3 11 (30.56%) FX Algorithmic Trading
4 10 (27.78%) Agile Software Development
4 10 (27.78%) Analytics
5 9 (25.00%) OO
5 9 (25.00%) OOD
6 4 (11.11%) Data Management
6 4 (11.11%) Electronic Trading
7 2 (5.56%) Build Automation
7 2 (5.56%) ITIL
7 2 (5.56%) ITSM
7 2 (5.56%) Service Management
7 2 (5.56%) Stakeholder Engagement
8 1 (2.78%) Automated Testing
8 1 (2.78%) Configuration Management
8 1 (2.78%) Release Management
8 1 (2.78%) User Acceptance Testing
8 1 (2.78%) Web Development
Programming Languages
1 23 (63.89%) Java
2 14 (38.89%) C++
3 9 (25.00%) Shell Script
4 5 (13.89%) SQL
5 3 (8.33%) C#
5 3 (8.33%) Python
6 2 (5.56%) Perl
7 1 (2.78%) Bash Shell
7 1 (2.78%) Ruby
7 1 (2.78%) Scala
Qualifications
1 12 (33.33%) Degree
2 11 (30.56%) PhD
Quality Assurance & Compliance
1 1 (2.78%) MiFID
1 1 (2.78%) QA
System Software
1 1 (2.78%) Veritas Cluster Server
Systems Management
1 1 (2.78%) Puppet
Vendors
1 3 (8.33%) Oracle
2 1 (2.78%) EMC
2 1 (2.78%) HP
2 1 (2.78%) Informatica
2 1 (2.78%) Sybase
2 1 (2.78%) TIBCO
2 1 (2.78%) Veritas
City of London
iKas International
Rate: £550 - £650 per day
Posted: 3 days ago
City, London
Hatstand Limited
Rate: £400 - £500 per day
Posted: Yesterday