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 25 August 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
25 Aug 2016
Same period 2015 Same period 2014
Algo Trading
Rank 156 171 164
Rank change year-on-year
+15 -7
Contract jobs citing Algorithmic Trading 15 39 41
As % of all contract IT jobs located in the City of London 0.43% 0.71% 0.70%
As % of the Processes & Methodologies category 0.50% 0.86% 0.87%
Number of daily rates quoted 14 38 38
Median daily rate £594 £725 £650
Median daily rate % change year-on-year
-18.10% +11.53%
90% offered a daily rate of more than £450 £450 £514
10% offered a daily rate of more than £643 £750 £800
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
3030 4512 4700
As % of all contract IT jobs located in the City of London 86.20% 81.87% 79.80%
Number of daily rates quoted 2435 3562 3501
Median daily rate £475 £475 £450
Median daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £350 £325 £313
10% offered a daily rate of more than £625 £625 £625
UK excluding London median daily rate £400 £396 £375
% change year-on-year
+1.01% +5.60%
Number of hourly rates quoted 17 42 47
Median hourly rate £16.08 £21.50 £22.00
Median hourly rate % change year-on-year
-25.19% -2.27%
90% offered a hourly rate of more than £12.50 £13.00 £16.10
10% offered a hourly rate of more than £49.75 £40.00 £36.50
UK excluding London median hourly rate £30.00 £32.54 £25.00
% change year-on-year
-7.80% +30.16%

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 25 August 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 25 August 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 29 (78.38%) Low Latency
2 24 (64.86%) Front Office
3 22 (59.46%) Java
4 18 (48.65%) Unix
4 18 (48.65%) Banking
5 17 (45.95%) Foreign Exchange (FX)
6 16 (43.24%) Investment Banking
7 11 (29.73%) Fixed Income
7 11 (29.73%) Linux
7 11 (29.73%) Multithreading
8 10 (27.03%) Electronic Trading
8 10 (27.03%) Agile Software Development
9 9 (24.32%) OO
9 9 (24.32%) OOD
9 9 (24.32%) Shell Script
9 9 (24.32%) C++
9 9 (24.32%) KDB
9 9 (24.32%) Analytics
10 8 (21.62%) Market Making
10 8 (21.62%) Degree
10 8 (21.62%) Finance
11 7 (18.92%) Analytical Skills
12 6 (16.22%) Data Structures
12 6 (16.22%) Algorithms
12 6 (16.22%) FX Algorithmic Trading
12 6 (16.22%) PhD
13 5 (13.51%) HTML
13 5 (13.51%) JavaScript
13 5 (13.51%) SQL
13 5 (13.51%) Equities

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 (2.70%) Oracle Coherence
Communications & Networking
1 1 (2.70%) Internet
Database & Business Intelligence
1 9 (24.32%) KDB
2 2 (5.41%) SQL Server
3 1 (2.70%) DB2
Development Applications
1 1 (2.70%) JIRA
1 1 (2.70%) Visual Studio
General
1 24 (64.86%) Front Office
2 18 (48.65%) Banking
3 16 (43.24%) Investment Banking
4 8 (21.62%) Finance
5 3 (8.11%) Back Office
Job Titles
1 27 (72.97%) Developer
2 15 (40.54%) Algorithmic Trading Developer
3 14 (37.84%) Java Developer
4 9 (24.32%) Java Developer - Algorithmic Trading
5 3 (8.11%) Applications Support
5 3 (8.11%) C# Developer
5 3 (8.11%) C++ Developer
5 3 (8.11%) Java Swing Developer
6 2 (5.41%) Analyst
6 2 (5.41%) JavaScript Developer
7 1 (2.70%) C++/C# Developer
7 1 (2.70%) Consultant
7 1 (2.70%) HTML Developer
7 1 (2.70%) Junior Analyst
7 1 (2.70%) QA Tester
7 1 (2.70%) Senior Consultant
7 1 (2.70%) Support Analyst
7 1 (2.70%) Test Consultant
7 1 (2.70%) Unix Engineer
7 1 (2.70%) Web Developer
Libraries, Frameworks & Software Standards
1 5 (13.51%) AngularJS
1 5 (13.51%) HTML
1 5 (13.51%) HTML5
2 4 (10.81%) FIX Protocol
3 3 (8.11%) Middleware
3 3 (8.11%) Swing
4 2 (5.41%) .NET
4 2 (5.41%) CSS
4 2 (5.41%) CSS3
4 2 (5.41%) JavaFX
4 2 (5.41%) Node.js
5 1 (2.70%) ASP.NET
5 1 (2.70%) ASP.NET MVC
5 1 (2.70%) ASP.NET MVC 4
5 1 (2.70%) jQuery
5 1 (2.70%) KnockoutJS
5 1 (2.70%) LESS
5 1 (2.70%) Rendezvous
5 1 (2.70%) Sass
5 1 (2.70%) Ultra Messaging
Miscellaneous
1 17 (45.95%) Foreign Exchange (FX)
2 11 (29.73%) Fixed Income
3 7 (18.92%) Analytical Skills
4 6 (16.22%) Algorithms
4 6 (16.22%) Data Structures
5 5 (13.51%) Equities
6 4 (10.81%) Fintech
7 3 (8.11%) Derivative
7 3 (8.11%) Equity Derivative
8 2 (5.41%) Clustering
8 2 (5.41%) Computer Science
9 1 (2.70%) Visualisation
Operating Systems
1 18 (48.65%) Unix
2 11 (29.73%) Linux
3 3 (8.11%) AIX
3 3 (8.11%) Red Hat Enterprise Linux
3 3 (8.11%) Solaris
3 3 (8.11%) SUSE Linux Enterprise Server
4 2 (5.41%) SUSE
5 1 (2.70%) Windows
Processes & Methodologies
1 29 (78.38%) Low Latency
2 11 (29.73%) Multithreading
3 10 (27.03%) Agile Software Development
3 10 (27.03%) Electronic Trading
4 9 (24.32%) Analytics
4 9 (24.32%) OO
4 9 (24.32%) OOD
5 8 (21.62%) Market Making
6 6 (16.22%) FX Algorithmic Trading
7 5 (13.51%) Data Management
8 3 (8.11%) Build Automation
8 3 (8.11%) High-Frequency Trading
8 3 (8.11%) ITIL
8 3 (8.11%) ITSM
8 3 (8.11%) Service Management
9 2 (5.41%) Configuration Management
10 1 (2.70%) Automated Testing
10 1 (2.70%) E-Commerce
10 1 (2.70%) MVC
10 1 (2.70%) Performance Optimisation
Programming Languages
1 22 (59.46%) Java
2 9 (24.32%) C++
2 9 (24.32%) Shell Script
3 5 (13.51%) JavaScript
3 5 (13.51%) SQL
4 3 (8.11%) C#
5 2 (5.41%) Perl
5 2 (5.41%) Python
5 2 (5.41%) Ruby
6 1 (2.70%) Scala
Qualifications
1 8 (21.62%) Degree
2 6 (16.22%) PhD
Quality Assurance & Compliance
1 1 (2.70%) MiFID
1 1 (2.70%) QA
System Software
1 2 (5.41%) Veritas Cluster Server
Systems Management
1 2 (5.41%) Puppet
Vendors
1 4 (10.81%) Oracle
2 2 (5.41%) EMC
2 2 (5.41%) Veritas
3 1 (2.70%) Currenex
3 1 (2.70%) FXall
3 1 (2.70%) HP
3 1 (2.70%) Informatica
3 1 (2.70%) Reuters
3 1 (2.70%) TIBCO
City, London
McGregor Boyall
Rate: £600 - £700 per day + depending on experience
Posted: 3 days ago
City, London
Hatstand Limited
Rate: £400 - £500 per day
Posted: 3 days ago