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 average contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 22 May 2015 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
22 May 2015
Same period 2014 Same period 2013
Algo Trading
Rank 168 185 194
Rank change year-on-year
+17 +9
Contract jobs citing Algorithmic Trading 24 16 16
As % of all contract IT jobs located in the City of London 0.44% 0.27% 0.25%
As % of the Processes & Methodologies category 0.57% 0.35% 0.33%
Number of daily rates quoted 23 14 16
Average daily rate
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£550 £638 £650
Average daily rate % change year-on-year
-13.72% -1.92%
90% offered a daily rate of more than £390 £533 £475
10% offered a daily rate of more than £725 £738 £750
UK excluding London average daily rate £650 - -
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 City of London region.

Processes & Methodologies Category
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
4182 4595 4909
As % of all contract IT jobs located in the City of London 77.07% 76.87% 76.36%
Number of daily rates quoted 3293 3455 3705
Average daily rate £475 £450 £450
Average daily rate % change year-on-year
+5.55% -
90% offered a daily rate of more than £325 £300 £313
10% offered a daily rate of more than £625 £625 £600
UK excluding London average daily rate £388 £375 £363
% change year-on-year
+3.33% +3.44%
Number of hourly rates quoted 46 40 81
Average hourly rate £23.00 £21.75 £41.50
Average hourly rate % change year-on-year
+5.74% -47.59%
90% offered a hourly rate of more than £13.50 £12.50 £18.00
10% offered a hourly rate of more than £92.50 £53.50 £135.00
UK excluding London average hourly rate £30.00 £30.00 £32.00
% change year-on-year
- -6.25%

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 22 May 2015.

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 22 May 2015, 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 20 (52.63%) Low Latency
2 19 (50.00%) Front Office
3 16 (42.11%) FIX Protocol
4 15 (39.47%) Banking
5 13 (34.21%) Investment Banking
5 13 (34.21%) Foreign Exchange (FX)
6 10 (26.32%) C++
7 9 (23.68%) C#
7 9 (23.68%) SQL
7 9 (23.68%) UNIX
7 9 (23.68%) Equities
7 9 (23.68%) Multithreading
8 8 (21.05%) Linux
9 7 (18.42%) Java
9 7 (18.42%) Mathematics
10 6 (15.79%) Physics
10 6 (15.79%) WPF
10 6 (15.79%) Stakeholder Engagement
10 6 (15.79%) Reactive Extensions
10 6 (15.79%) Finance
10 6 (15.79%) Derivative
11 5 (13.16%) LINQ
11 5 (13.16%) FX Algorithmic Trading
12 4 (10.53%) Electronic Trading
12 4 (10.53%) ION Trading
12 4 (10.53%) Agile Software Development
12 4 (10.53%) TDD
13 3 (7.89%) Perl
13 3 (7.89%) Windows
13 3 (7.89%) OO

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

For the 6 months to 22 May 2015, 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 1 (2.63%) MS Exchange
Applications
1 1 (2.63%) MS Office
1 1 (2.63%) MS Excel
Business Applications
1 1 (2.63%) RMDS
Communications & Networking
1 1 (2.63%) TCP/IP
1 1 (2.63%) Multicast
Database & Business Intelligence
1 3 (7.89%) KDB
2 2 (5.26%) Relational Database
3 1 (2.63%) SQL Server
Development Applications
1 2 (5.26%) Eclipse
1 2 (5.26%) Subversion
2 1 (2.63%) NUnit
General
1 19 (50.00%) Front Office
2 15 (39.47%) Banking
3 13 (34.21%) Investment Banking
4 6 (15.79%) Finance
5 3 (7.89%) Marketing
6 1 (2.63%) Mandarin Language
Job Titles
1 23 (60.53%) Developer
2 8 (21.05%) Analyst
2 8 (21.05%) C++ Developer
3 6 (15.79%) FIX Analyst
3 6 (15.79%) Senior Developer
3 6 (15.79%) Java Developer
4 5 (13.16%) Support Analyst
4 5 (13.16%) WPF Developer
5 4 (10.53%) Senior WPF Developer
5 4 (10.53%) Applications Support
6 2 (5.26%) Senior Java Developer
6 2 (5.26%) C# Developer
7 1 (2.63%) Applications Support Analyst
7 1 (2.63%) Technical Support Engineer
7 1 (2.63%) Technical Engineer
7 1 (2.63%) Implementation Manager
7 1 (2.63%) UNIX Engineer
7 1 (2.63%) Technical Support
7 1 (2.63%) Support Engineer
Libraries, Frameworks & Software Standards
1 16 (42.11%) FIX Protocol
2 6 (15.79%) WPF
2 6 (15.79%) Reactive Extensions
3 5 (13.16%) LINQ
4 2 (5.26%) AngularJS
4 2 (5.26%) HTML5
4 2 (5.26%) .NET
4 2 (5.26%) HTML
5 1 (2.63%) Spring
5 1 (2.63%) J2EE
5 1 (2.63%) Middleware
5 1 (2.63%) Ultra Messaging
5 1 (2.63%) Silverlight
Miscellaneous
1 13 (34.21%) Foreign Exchange (FX)
2 9 (23.68%) Equities
3 7 (18.42%) Mathematics
4 6 (15.79%) Physics
4 6 (15.79%) Derivative
5 3 (7.89%) SCADA
5 3 (7.89%) Algorithms
6 2 (5.26%) Fixed Income
6 2 (5.26%) Equity Derivative
7 1 (2.63%) Economics
7 1 (2.63%) Clustering
7 1 (2.63%) TWAP
7 1 (2.63%) VWAP
7 1 (2.63%) Index Arbitrage
7 1 (2.63%) Computer Science
Operating Systems
1 9 (23.68%) UNIX
2 8 (21.05%) Linux
3 3 (7.89%) Windows
4 1 (2.63%) SUSE
4 1 (2.63%) AIX
4 1 (2.63%) Solaris
4 1 (2.63%) Red Hat Enterprise Linux
4 1 (2.63%) SUSE Linux Enterprise Server
Processes & Methodologies
1 20 (52.63%) Low Latency
2 9 (23.68%) Multithreading
3 6 (15.79%) Stakeholder Engagement
4 5 (13.16%) FX Algorithmic Trading
5 4 (10.53%) Electronic Trading
5 4 (10.53%) Agile Software Development
5 4 (10.53%) TDD
6 3 (7.89%) OO
6 3 (7.89%) E-Commerce
7 2 (5.26%) Garbage Collection
7 2 (5.26%) UML
8 1 (2.63%) Software Engineering
8 1 (2.63%) Pair Programming
8 1 (2.63%) Scrum
8 1 (2.63%) Risk Management
8 1 (2.63%) Configuration Management
8 1 (2.63%) OOP
8 1 (2.63%) MVVM
8 1 (2.63%) Continuous Improvement
8 1 (2.63%) Software Deployment
Programming Languages
1 10 (26.32%) C++
2 9 (23.68%) C#
2 9 (23.68%) SQL
3 7 (18.42%) Java
4 3 (7.89%) Perl
5 2 (5.26%) Python
5 2 (5.26%) JavaScript
6 1 (2.63%) Ruby
6 1 (2.63%) AWK
6 1 (2.63%) XAML
6 1 (2.63%) C
6 1 (2.63%) Shell Script
6 1 (2.63%) C-shell
Qualifications
1 1 (2.63%) Degree
Quality Assurance & Compliance
1 2 (5.26%) QA
System Software
1 1 (2.63%) Active Directory
1 1 (2.63%) Veritas Cluster Server
Systems Management
1 1 (2.63%) HP Operations Orchestration
1 1 (2.63%) Puppet
1 1 (2.63%) Opscode Chef
Vendors
1 4 (10.53%) ION Trading
2 2 (5.26%) Microsoft
2 2 (5.26%) Oracle
3 1 (2.63%) Sybase
3 1 (2.63%) Fidessa
3 1 (2.63%) HP
3 1 (2.63%) EMC
3 1 (2.63%) Veritas
City, London
Pioneer Search
Rate: £700 - £800 per day
Posted: 4 days ago
City, London
McGregor Boyall
Rate: £450 - £550 per day
Posted: 6 days ago
City, London
McGregor Boyall
Rate: £450 per day + Mar
Posted: 6 days ago
City of London
Hays IT - Uk Posting account
Rate: £600.00 - £650.00 per day
Posted: 12 days ago