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This section looks at the demand for Algorithmic Trading skills within the City of London region with a comparison to our Processes & Methodologies category. Included is a guide to the contractor rates offered in IT jobs that have cited Algorithmic Trading over the 3 months to 25 July 2008 with a comparison to the same period last year.

LinkAlgorithmic Trading
Location
3 months to 25 Jul 2008Same period last year
Rank148176
Rank change on same period last yearUp+28
Matching contract IT job ads6919
As % of all UK contract IT job ads sampled0.092 %0.019 %
As % of the category below1.419 %0.545 %
Daily rates quoted659
Average minimum daily rate£496£504
Average daily rate£565£529
% change on same period last year+6.73 %
Average maximum daily rate£633£554
UK excluding London average daily rate-£450
% change on same period last year-
Hourly rates quoted00
Average minimum hourly rate--
Average hourly rate--
% change on same period last year-
Average maximum hourly rate--
UK excluding London average hourly rate--
% change on same period last year-
City of London IT Contractor Job Market, Processes & MethodologiesProcesses & Methodologies
City of London
Matching contract IT job ads48623489
As % of all UK contract IT job ads sampled6.481 %3.530 %
Daily rates quoted27311590
Average minimum daily rate£426£449
Average daily rate£468£485
% change on same period last year-3.61 %
Average maximum daily rate£509£521
UK excluding London average daily rate£380£376
% change on same period last year+1.21 %
Hourly rates quoted10376
Average minimum hourly rate£26.96£25.60
Average hourly rate£29.14£27.96
% change on same period last year+4.19 %
Average maximum hourly rate£31.32£30.32
UK excluding London average hourly rate£29.33£30.16
% change on same period last year-2.72 %
Algorithmic Trading LondonAlgorithmic Trading
London

We calculate average IT contractor rates directly from the figures quoted and do not attempt to derive hourly rates from daily rates or vice versa.

Algorithmic Trading
Demand Trend

The chart provides a 3-month moving total beginning in 2004 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.

City of London Algorithmic Trading Demand Trend

Algorithmic Trading
Daily Rate Trend

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

City of London Algorithmic Trading Daily Rate Trend

Algorithmic Trading
Daily Rate Histogram

The 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 25 July 2008.

City of London Algorithmic Trading Daily Rate Histogram

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 25 July 2008, 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.

163 (63.00 %)Equities
261 (61.00 %)C++
360 (60.00 %)Banking
458 (58.00 %)Front Office
555 (55.00 %)Investment Banking
652 (52.00 %)UNIX
738 (38.00 %)Scrum
835 (35.00 %)SQL
835 (35.00 %)Derivative
929 (29.00 %)Linux
1028 (28.00 %)OO
1126 (26.00 %)Java
1223 (23.00 %)Asset Management
1322 (22.00 %)Agile Software Development
1322 (22.00 %)Extreme Programming
1421 (21.00 %)C#
1520 (20.00 %)Fixed Income
1520 (20.00 %)FIX Protocol
1619 (19.00 %)Reuters
1619 (19.00 %)Bloomberg
1717 (17.00 %)C
1815 (15.00 %).NET
1914 (14.00 %)Windows
2011 (11.00 %)Foreign Exchange (FX)
2110 (10.00 %)Business Development
229 (9.000 %)Business Analysis
229 (9.000 %)ITIL
238 (8.000 %)Fidessa
238 (8.000 %)Project Management
247 (7.000 %)TDD

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 25 July 2008, 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.

City of London IT Contractor Job Market, Application DevelopmentApplication Development
120 (20.00 %)FIX Protocol
215 (15.00 %).NET
35 (5.000 %)J2SE
42 (2.000 %)Hibernate
42 (2.000 %)Spring
42 (2.000 %)J2EE
51 (1.000 %)WebServices
51 (1.000 %)Swing
51 (1.000 %)JMS
51 (1.000 %)Middleware
City of London IT Contractor Job Market, Business ApplicationsBusiness Applications
14 (4.000 %)Capstone
14 (4.000 %)Minerva
City of London IT Contractor Job Market, Database & Business IntelligenceDatabase & Business Intelligence
13 (3.000 %)RDBMS
22 (2.000 %)SQL Server
City of London IT Contractor Job Market, Development ApplicationsDevelopment Applications
11 (1.000 %)Ant
11 (1.000 %)Eclipse
11 (1.000 %)Subversion
City of London IT Contractor Job Market, GeneralGeneral
160 (60.00 %)Banking
258 (58.00 %)Front Office
355 (55.00 %)Investment Banking
46 (6.000 %)Finance
52 (2.000 %)Back Office
61 (1.000 %)Health
City of London IT Contractor Job Market, Job TitlesJob Titles
144 (44.00 %)Developer
240 (40.00 %)Analyst
330 (30.00 %)C++ Developer
418 (18.00 %)Applications Support
517 (17.00 %)Business Analyst
613 (13.00 %)Support Analyst
613 (13.00 %)Applications Support Analyst
78 (8.000 %)Architect
87 (7.000 %)Analyst Developer
96 (6.000 %)Java Developer
105 (5.000 %)Investment Banking Business Analyst
114 (4.000 %)Fidessa Developer
123 (3.000 %)Technical Analyst
123 (3.000 %)Banking Business Analyst
123 (3.000 %)Technical Business Analyst
132 (2.000 %)Senior Technical Analyst
132 (2.000 %)Senior Business Analyst
132 (2.000 %)Senior Analyst
132 (2.000 %)Applications Specialist
132 (2.000 %)Project Manager
City of London IT Contractor Job Market, MiscellaneousMiscellaneous
163 (63.00 %)Equities
235 (35.00 %)Derivative
320 (20.00 %)Fixed Income
411 (11.00 %)Foreign Exchange (FX)
52 (2.000 %)Mathematics
61 (1.000 %)Computer Science
61 (1.000 %)Statistical Arbitrage
61 (1.000 %)Multithreading
61 (1.000 %)N-Tier
City of London IT Contractor Job Market, Operating SystemsOperating Systems
152 (52.00 %)UNIX
229 (29.00 %)Linux
314 (14.00 %)Windows
City of London IT Contractor Job Market, Processes & MethodologiesProcesses & Methodologies
138 (38.00 %)Scrum
228 (28.00 %)OO
323 (23.00 %)Asset Management
422 (22.00 %)Extreme Programming
422 (22.00 %)Agile Software Development
510 (10.00 %)Business Development
69 (9.000 %)Business Analysis
69 (9.000 %)ITIL
78 (8.000 %)Project Management
87 (7.000 %)TDD
95 (5.000 %)UML
95 (5.000 %)Use Case
95 (5.000 %)Electronic Trading
104 (4.000 %)Investment Management
104 (4.000 %)Test Scripting
104 (4.000 %)Fund Management
113 (3.000 %)E-Commerce
121 (1.000 %)Quantitative Analysis
121 (1.000 %)Performance Management
City of London IT Contractor Job Market, Programming LanguagesProgramming Languages
161 (61.00 %)C++
235 (35.00 %)SQL
326 (26.00 %)Java
421 (21.00 %)C#
517 (17.00 %)C
63 (3.000 %)Perl
63 (3.000 %)VB
63 (3.000 %)VC++
72 (2.000 %)AWK
72 (2.000 %)Korn
81 (1.000 %)Tcl
81 (1.000 %)Shell Script
City of London IT Contractor Job Market, Quality Assurance & ComplianceQuality Assurance & Compliance
12 (2.000 %)QA
City of London IT Contractor Job Market, VendorsVendors
119 (19.00 %)Reuters
119 (19.00 %)Bloomberg
28 (8.000 %)Fidessa
34 (4.000 %)LatentZero
34 (4.000 %)NYFIX
41 (1.000 %)eSpeed
41 (1.000 %)ION Trading
41 (1.000 %)Oracle
41 (1.000 %)Red Hat
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