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 24 December 2014 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
24 Dec 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 163 183 188
Rank change year-on-year
+20 +5
Contract jobs citing Algorithmic Trading 33 19 12
As % of all contract IT jobs located in the City of London 0.59% 0.29% 0.20%
As % of the Processes & Methodologies category 0.76% 0.37% 0.26%
Number of daily rates quoted 33 17 10
Average daily rate
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£650 £550 £650
Average daily rate % change year-on-year
+18.18% -15.38%
90% offered a daily rate of more than £465 £525 £538
10% offered a daily rate of more than £670 £675 £733
UK excluding London average daily rate £475 - -
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
4349 5125 4535
As % of all contract IT jobs located in the City of London 77.80% 77.07% 75.62%
Number of daily rates quoted 3440 3769 3440
Average daily rate £450 £450 £450
90% offered a daily rate of more than £313 £300 £300
10% offered a daily rate of more than £625 £613 £608
UK excluding London average daily rate £388 £370 £365
% change year-on-year
+4.72% +1.36%
Number of hourly rates quoted 35 56 88
Average hourly rate £19.00 £23.50 £35.00
Average hourly rate % change year-on-year
-19.14% -32.85%
90% offered a hourly rate of more than £11.75 £13.50 £15.00
10% offered a hourly rate of more than £44.63 £52.82 £107.80
UK excluding London average hourly rate £25.00 £27.00 £30.00
% change year-on-year
-7.40% -10.00%

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 24 December 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 24 December 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 64 (85.33%) Low Latency
2 57 (76.00%) Java
3 53 (70.67%) Multithreading
4 51 (68.00%) Foreign Exchange (FX)
5 33 (44.00%) Banking
6 27 (36.00%) Performance Tuning
7 26 (34.67%) TWAP
7 26 (34.67%) VWAP
8 24 (32.00%) Front Office
8 24 (32.00%) SQL
9 17 (22.67%) Linux
10 16 (21.33%) Finance
10 16 (21.33%) Algorithms
11 12 (16.00%) KDB
11 12 (16.00%) FIX Protocol
11 12 (16.00%) C++
12 11 (14.67%) Mathematics
13 10 (13.33%) Investment Banking
13 10 (13.33%) Equities
13 10 (13.33%) C#
13 10 (13.33%) Analytical Skills
14 9 (12.00%) UNIX
14 9 (12.00%) Agile Software Development
15 7 (9.33%) E-Commerce
15 7 (9.33%) WPF
16 6 (8.00%) Degree
16 6 (8.00%) Electronic Trading
16 6 (8.00%) Market Making
16 6 (8.00%) Multicast
16 6 (8.00%) TCP/IP

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

For the 6 months to 24 December 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 1 (1.33%) Oracle Coherence
Applications
1 1 (1.33%) MS Office
Communications & Networking
1 6 (8.00%) TCP/IP
1 6 (8.00%) Multicast
Database & Business Intelligence
1 12 (16.00%) KDB
2 2 (2.67%) Relational Database
Development Applications
1 3 (4.00%) Eclipse
2 1 (1.33%) Subversion
2 1 (1.33%) JUnit
General
1 33 (44.00%) Banking
2 24 (32.00%) Front Office
3 16 (21.33%) Finance
4 10 (13.33%) Investment Banking
5 3 (4.00%) Financial Institution
6 1 (1.33%) Law
6 1 (1.33%) Games
Job Titles
1 44 (58.67%) Developer
2 30 (40.00%) Java Developer
3 5 (6.67%) C++ Developer
3 5 (6.67%) Senior Developer
3 5 (6.67%) WPF Developer
4 4 (5.33%) Analyst
5 3 (4.00%) Senior Java Developer
5 3 (4.00%) Support Analyst
5 3 (4.00%) Quantitative Developer
6 2 (2.67%) Senior WPF Developer
6 2 (2.67%) FIX Analyst
7 1 (1.33%) Business Analyst
7 1 (1.33%) Lead Java Developer
7 1 (1.33%) UNIX Engineer
7 1 (1.33%) Lead Developer
7 1 (1.33%) Infrastructure Engineer
Libraries, Frameworks & Software Standards
1 12 (16.00%) FIX Protocol
2 7 (9.33%) WPF
3 5 (6.67%) LINQ
4 4 (5.33%) Reactive Extensions
5 3 (4.00%) Middleware
6 1 (1.33%) WinForms
6 1 (1.33%) .NET
6 1 (1.33%) STL
6 1 (1.33%) J2SE
Miscellaneous
1 51 (68.00%) Foreign Exchange (FX)
2 26 (34.67%) VWAP
2 26 (34.67%) TWAP
3 16 (21.33%) Algorithms
4 11 (14.67%) Mathematics
5 10 (13.33%) Equities
5 10 (13.33%) Analytical Skills
6 5 (6.67%) Data Structures
6 5 (6.67%) Derivative
6 5 (6.67%) Physics
7 4 (5.33%) Fixed Income
8 2 (2.67%) Visualisation
9 1 (1.33%) Computer Science
9 1 (1.33%) Clustering
9 1 (1.33%) Credit Derivative
Operating Systems
1 17 (22.67%) Linux
2 9 (12.00%) UNIX
3 2 (2.67%) Windows
4 1 (1.33%) AIX
4 1 (1.33%) Solaris
4 1 (1.33%) SUSE
4 1 (1.33%) Red Hat Enterprise Linux
4 1 (1.33%) SUSE Linux Enterprise Server
Processes & Methodologies
1 64 (85.33%) Low Latency
2 53 (70.67%) Multithreading
3 27 (36.00%) Performance Tuning
4 9 (12.00%) Agile Software Development
5 7 (9.33%) E-Commerce
6 6 (8.00%) Market Making
6 6 (8.00%) Electronic Trading
7 4 (5.33%) OO
8 3 (4.00%) Risk Management
9 2 (2.67%) Stakeholder Engagement
9 2 (2.67%) Complex Event Processing
9 2 (2.67%) Ultra-Low Latency
10 1 (1.33%) Analytics
10 1 (1.33%) MVVM
10 1 (1.33%) UML
10 1 (1.33%) Configuration Management
10 1 (1.33%) TDD
10 1 (1.33%) Numerical Analysis
10 1 (1.33%) Problem Management
Programming Languages
1 57 (76.00%) Java
2 24 (32.00%) SQL
3 12 (16.00%) C++
4 10 (13.33%) C#
5 2 (2.67%) Perl
6 1 (1.33%) XAML
6 1 (1.33%) AWK
6 1 (1.33%) Ruby
6 1 (1.33%) C-shell
Qualifications
1 6 (8.00%) Degree
2 5 (6.67%) PhD
Quality Assurance & Compliance
1 1 (1.33%) QA
System Software
1 1 (1.33%) Veritas Cluster Server
Systems Management
1 1 (1.33%) HP Operations Orchestration
1 1 (1.33%) Puppet
1 1 (1.33%) Opscode Chef
Vendors
1 1 (1.33%) Oracle
1 1 (1.33%) HP
1 1 (1.33%) EMC
1 1 (1.33%) Veritas
1 1 (1.33%) ION Trading