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 13 February 2016 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
13 Feb 2016
Same period 2015 Same period 2014
Algo Trading
Rank 123 175 193
Rank change year-on-year
+52 +18
Contract jobs citing Algorithmic Trading 20 15 13
As % of all contract IT jobs located in the City of London 0.65% 0.30% 0.22%
As % of the Processes & Methodologies category 0.77% 0.37% 0.27%
Number of daily rates quoted 20 15 9
Average daily rate £675 £600 £625
Average daily rate % change year-on-year
+12.50% -4.00%
90% offered a daily rate of more than £494 £415 £525
10% offered a daily rate of more than £730 £665 £695
UK excluding London average daily rate £600 £475 -
% change year-on-year
+26.31% -
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
2592 4109 4728
As % of all contract IT jobs located in the City of London 84.05% 81.00% 79.68%
Number of daily rates quoted 2049 3217 3399
Average daily rate £488 £450 £450
Average daily rate % change year-on-year
+8.33% -
90% offered a daily rate of more than £325 £320 £298
10% offered a daily rate of more than £625 £625 £625
UK excluding London average daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 30 33 53
Average hourly rate £24.00 £23.50 £25.00
Average hourly rate % change year-on-year
+2.12% -6.00%
90% offered a hourly rate of more than £13.00 £12.50 £16.50
10% offered a hourly rate of more than £53.00 £45.95 £77.50
UK excluding London average hourly rate £40.00 £27.79 £27.50
% change year-on-year
+43.93% +1.05%

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 13 February 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 13 February 2016, 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 52 (74.29%) Low Latency
2 47 (67.14%) Java
3 31 (44.29%) Software Engineering
4 30 (42.86%) Foreign Exchange (FX)
5 29 (41.43%) Finance
5 29 (41.43%) KDB
6 26 (37.14%) Front Office
6 26 (37.14%) Linux
7 21 (30.00%) Scala
7 21 (30.00%) Banking
8 20 (28.57%) C++
9 19 (27.14%) Solaris
9 19 (27.14%) Open Source
9 19 (27.14%) Multithreading
9 19 (27.14%) NoSQL
9 19 (27.14%) VTune
9 19 (27.14%) Apache ZooKeeper
10 16 (22.86%) Algorithms
11 15 (21.43%) Equities
12 13 (18.57%) Analytical Skills
12 13 (18.57%) Investment Banking
13 12 (17.14%) Data Structures
13 12 (17.14%) Market Making
13 12 (17.14%) PhD
14 11 (15.71%) Degree
15 10 (14.29%) Python
15 10 (14.29%) FX Algorithmic Trading
16 9 (12.86%) Computer Science
17 8 (11.43%) SQL Server
18 7 (10.00%) Oracle

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

For the 6 months to 13 February 2016, 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.

Communications & Networking
1 3 (4.29%) TCP/IP
Database & Business Intelligence
1 29 (41.43%) KDB
2 19 (27.14%) NoSQL
3 8 (11.43%) SQL Server
4 5 (7.14%) Relational Database
Development Applications
1 19 (27.14%) VTune
2 1 (1.43%) Jenkins
2 1 (1.43%) JUnit
General
1 29 (41.43%) Finance
2 26 (37.14%) Front Office
3 21 (30.00%) Banking
4 13 (18.57%) Investment Banking
5 1 (1.43%) Legal
Job Titles
1 29 (41.43%) Developer
2 27 (38.57%) Software Engineer
3 26 (37.14%) Java Engineer
3 26 (37.14%) Java Software Engineer
4 12 (17.14%) Analyst
5 7 (10.00%) Java Developer
5 7 (10.00%) Support Analyst
6 6 (8.57%) C++ Developer
7 5 (7.14%) Applications Support
8 4 (5.71%) Applications Support Analyst
8 4 (5.71%) FIX Analyst
8 4 (5.71%) Senior Developer
8 4 (5.71%) Senior Java Developer
9 3 (4.29%) FIX Support Analyst
10 2 (2.86%) Agile Developer
10 2 (2.86%) Analyst Developer
10 2 (2.86%) Java Analyst Developer
10 2 (2.86%) Onboarding Analyst
10 2 (2.86%) Senior Analyst
10 2 (2.86%) Senior Analyst Developer
Libraries, Frameworks & Software Standards
1 6 (8.57%) FIX Protocol
2 5 (7.14%) J2SE
3 2 (2.86%) NumPy
3 2 (2.86%) Pandas
3 2 (2.86%) SciPy
4 1 (1.43%) .NET
4 1 (1.43%) Swing
Miscellaneous
1 30 (42.86%) Foreign Exchange (FX)
2 16 (22.86%) Algorithms
3 15 (21.43%) Equities
4 13 (18.57%) Analytical Skills
5 12 (17.14%) Data Structures
6 9 (12.86%) Computer Science
7 6 (8.57%) Derivative
8 3 (4.29%) Fixed Income
8 3 (4.29%) Mathematics
9 2 (2.86%) Hedge funds
10 1 (1.43%) Equity Derivative
10 1 (1.43%) Fintech
Operating Systems
1 26 (37.14%) Linux
2 19 (27.14%) Solaris
3 6 (8.57%) Unix
3 6 (8.57%) Windows
Processes & Methodologies
1 52 (74.29%) Low Latency
2 31 (44.29%) Software Engineering
3 19 (27.14%) Multithreading
3 19 (27.14%) Open Source
4 12 (17.14%) Market Making
5 10 (14.29%) FX Algorithmic Trading
6 5 (7.14%) Release Management
7 3 (4.29%) Agile Software Development
7 3 (4.29%) Stakeholder Engagement
8 2 (2.86%) Electronic Trading
8 2 (2.86%) Risk Management
9 1 (1.43%) Analytics
9 1 (1.43%) BDD
9 1 (1.43%) Business Analytics
9 1 (1.43%) Continuous Integration
9 1 (1.43%) Performance Tuning
9 1 (1.43%) SDLC
9 1 (1.43%) Software Architecture
9 1 (1.43%) Structured Programming
9 1 (1.43%) Ultra-Low Latency
Programming Languages
1 47 (67.14%) Java
2 21 (30.00%) Scala
3 20 (28.57%) C++
4 10 (14.29%) Python
5 7 (10.00%) SQL
6 6 (8.57%) Bash Shell
6 6 (8.57%) Perl
7 2 (2.86%) C
8 1 (1.43%) C#
8 1 (1.43%) Shell Script
Qualifications
1 12 (17.14%) PhD
2 11 (15.71%) Degree
Quality Assurance & Compliance
1 1 (1.43%) MiFID
1 1 (1.43%) QA
System Software
1 19 (27.14%) Apache ZooKeeper
Vendors
1 7 (10.00%) Oracle
2 6 (8.57%) Sybase
City, London
TEKsystems
Rate: £700 - £750 per day
Posted: 5 days ago