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 29 August 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
29 Aug 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 155 181 197
Rank change year-on-year
+26 +16
Contract jobs citing Algorithmic Trading 44 36 25
As % of all contract IT jobs located in the City of London 0.75% 0.50% 0.32%
As % of the Processes & Methodologies category 0.99% 0.65% 0.43%
Number of daily rates quoted 41 29 8
Average daily rate
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£650 £600 £613
Average daily rate % change year-on-year
+8.33% -2.04%
90% offered a daily rate of more than £500 £495 £443
10% offered a daily rate of more than £800 £685 £658
UK excluding London average daily rate £375 - -
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
4443 5510 5867
As % of all contract IT jobs located in the City of London 75.32% 76.01% 75.09%
Number of daily rates quoted 3296 4117 4370
Average daily rate £450 £450 £450
90% offered a daily rate of more than £320 £315 £300
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £375 £370 £360
% change year-on-year
+1.35% +2.77%
Number of hourly rates quoted 40 69 87
Average hourly rate £22.50 £22.50 £31.50
Average hourly rate % change year-on-year
- -28.57%
90% offered a hourly rate of more than £16.35 £14.65 £15.70
10% offered a hourly rate of more than £35.45 £54.25 £50.50
UK excluding London average hourly rate £25.50 £30.00 £31.00
% change year-on-year
-15.00% -3.22%

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 29 August 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 29 August 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 50 (81.97%) Low Latency
2 46 (75.41%) Java
3 44 (72.13%) Foreign Exchange (FX)
4 38 (62.30%) Multithreading
5 33 (54.10%) Banking
6 22 (36.07%) SQL
7 21 (34.43%) VWAP
7 21 (34.43%) TWAP
7 21 (34.43%) Performance Tuning
8 18 (29.51%) Front Office
9 17 (27.87%) Finance
10 14 (22.95%) Investment Banking
11 13 (21.31%) Equities
11 13 (21.31%) Linux
12 11 (18.03%) UNIX
13 10 (16.39%) Mathematics
13 10 (16.39%) Electronic Trading
14 8 (13.11%) KDB
14 8 (13.11%) FIX Protocol
14 8 (13.11%) C#
14 8 (13.11%) E-Commerce
15 7 (11.48%) TCP/IP
15 7 (11.48%) Multicast
16 6 (9.84%) C++
17 5 (8.20%) Risk Management
17 5 (8.20%) WPF
17 5 (8.20%) Degree
18 4 (6.56%) Software Engineering
18 4 (6.56%) LINQ
18 4 (6.56%) Fixed Income

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

For the 6 months to 29 August 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 3 (4.92%) Oracle Coherence
Applications
1 3 (4.92%) MS Office
Business Applications
1 2 (3.28%) RMDS
Communications & Networking
1 7 (11.48%) TCP/IP
1 7 (11.48%) Multicast
Database & Business Intelligence
1 8 (13.11%) KDB
Development Applications
1 2 (3.28%) Ant
1 2 (3.28%) Eclipse
1 2 (3.28%) Maven
2 1 (1.64%) JUnit
General
1 33 (54.10%) Banking
2 18 (29.51%) Front Office
3 17 (27.87%) Finance
4 14 (22.95%) Investment Banking
5 3 (4.92%) Financial Institution
6 1 (1.64%) Law
6 1 (1.64%) Legal
6 1 (1.64%) Games
Job Titles
1 31 (50.82%) Developer
2 26 (42.62%) Java Developer
3 7 (11.48%) Senior Developer
4 4 (6.56%) Senior Java Developer
4 4 (6.56%) WPF Developer
5 3 (4.92%) Senior WPF Developer
5 3 (4.92%) Business Analyst
5 3 (4.92%) Analyst
5 3 (4.92%) Development Manager
6 2 (3.28%) Lead Developer
6 2 (3.28%) C# Developer
6 2 (3.28%) Lead Java Developer
7 1 (1.64%) E-Commerce Specialist
7 1 (1.64%) Head of Development
7 1 (1.64%) Quantitative Developer
7 1 (1.64%) IT Business Analyst
7 1 (1.64%) Infrastructure Engineer
Libraries, Frameworks & Software Standards
1 8 (13.11%) FIX Protocol
2 5 (8.20%) WPF
3 4 (6.56%) LINQ
4 3 (4.92%) Reactive Extensions
5 2 (3.28%) .NET
5 2 (3.28%) JMS
5 2 (3.28%) Middleware
6 1 (1.64%) WinForms
6 1 (1.64%) STL
6 1 (1.64%) J2SE
6 1 (1.64%) RabbitMQ
6 1 (1.64%) WCF
Miscellaneous
1 44 (72.13%) Foreign Exchange (FX)
2 21 (34.43%) VWAP
2 21 (34.43%) TWAP
3 13 (21.31%) Equities
4 10 (16.39%) Mathematics
5 4 (6.56%) Fixed Income
6 3 (4.92%) Physics
7 2 (3.28%) Visualisation
7 2 (3.28%) Derivative
8 1 (1.64%) Enterprise Software
8 1 (1.64%) Credit Derivative
Operating Systems
1 13 (21.31%) Linux
2 11 (18.03%) UNIX
3 4 (6.56%) Windows
4 2 (3.28%) Solaris
Processes & Methodologies
1 50 (81.97%) Low Latency
2 38 (62.30%) Multithreading
3 21 (34.43%) Performance Tuning
4 10 (16.39%) Electronic Trading
5 8 (13.11%) E-Commerce
6 5 (8.20%) Risk Management
7 4 (6.56%) Agile Software Development
7 4 (6.56%) Software Engineering
8 3 (4.92%) OO
8 3 (4.92%) Problem Management
8 3 (4.92%) Ultra-Low Latency
9 2 (3.28%) Complex Event Processing
9 2 (3.28%) Business Analysis
9 2 (3.28%) Analytics
10 1 (1.64%) Requirements Analysis
10 1 (1.64%) Wealth Management
10 1 (1.64%) UML
10 1 (1.64%) Project Management
10 1 (1.64%) Process Management
10 1 (1.64%) Change Control
Programming Languages
1 46 (75.41%) Java
2 22 (36.07%) SQL
3 8 (13.11%) C#
4 6 (9.84%) C++
5 3 (4.92%) Perl
5 3 (4.92%) AWK
5 3 (4.92%) C-shell
6 1 (1.64%) R
6 1 (1.64%) Python
6 1 (1.64%) Shell Script
Qualifications
1 5 (8.20%) Degree
2 4 (6.56%) PhD
Vendors
1 4 (6.56%) 29West
2 3 (4.92%) Oracle
2 3 (4.92%) TIBCO
3 1 (1.64%) Portware
City, London
Aston Carter
Rate: £750 - £850 per day
Posted: 3 days ago
City, London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 4 days ago
City, London
Hays Finance Technology
Rate: £550.00 - £680.00 per day
Posted: 4 days ago