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 30 January 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
30 Jan 2015
Same period 2014 Same period 2013
Algorithmic Trading
Rank 180 196 186
Rank change year-on-year
+16 -10
Contract jobs citing Algorithmic Trading 16 12 6
As % of all contract IT jobs located in the City of London 0.32% 0.20% 0.11%
As % of the Processes & Methodologies category 0.40% 0.26% 0.14%
Number of daily rates quoted 16 9 5
Average daily rate
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£645 £550 £675
Average daily rate % change year-on-year
+17.27% -18.51%
90% offered a daily rate of more than £419 £525 £650
10% offered a daily rate of more than £675 £695 £715
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
4006 4577 4299
As % of all contract IT jobs located in the City of London 78.90% 77.39% 76.28%
Number of daily rates quoted 3133 3335 3287
Average daily rate £450 £450 £450
90% offered a daily rate of more than £323 £300 £315
10% offered a daily rate of more than £625 £625 £600
UK excluding London average daily rate £398 £375 £363
% change year-on-year
+6.00% +3.44%
Number of hourly rates quoted 30 48 74
Average hourly rate £22.25 £24.00 £35.00
Average hourly rate % change year-on-year
-7.29% -31.42%
90% offered a hourly rate of more than £12.50 £15.00 £14.60
10% offered a hourly rate of more than £45.50 £77.50 £135.00
UK excluding London average hourly rate £26.00 £27.50 £31.32
% change year-on-year
-5.45% -12.19%

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 30 January 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 30 January 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 45 (81.82%) Low Latency
2 37 (67.27%) Multithreading
3 35 (63.64%) Java
4 34 (61.82%) Foreign Exchange (FX)
5 19 (34.55%) Banking
6 18 (32.73%) Front Office
7 16 (29.09%) SQL
7 16 (29.09%) Performance Tuning
8 15 (27.27%) TWAP
8 15 (27.27%) VWAP
9 14 (25.45%) FIX Protocol
10 11 (20.00%) Linux
10 11 (20.00%) Finance
11 10 (18.18%) Algorithms
12 9 (16.36%) KDB
12 9 (16.36%) C#
12 9 (16.36%) C++
12 9 (16.36%) Mathematics
13 7 (12.73%) Agile Software Development
13 7 (12.73%) UNIX
13 7 (12.73%) Analytical Skills
14 6 (10.91%) Derivative
14 6 (10.91%) WPF
14 6 (10.91%) Investment Banking
14 6 (10.91%) Equities
15 5 (9.09%) Physics
15 5 (9.09%) E-Commerce
15 5 (9.09%) LINQ
16 4 (7.27%) Reactive Extensions
16 4 (7.27%) Multicast

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

For the 6 months to 30 January 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 (1.82%) MS Exchange
Applications
1 1 (1.82%) MS Office
Communications & Networking
1 4 (7.27%) Multicast
1 4 (7.27%) TCP/IP
Database & Business Intelligence
1 9 (16.36%) KDB
2 2 (3.64%) Relational Database
Development Applications
1 1 (1.82%) Eclipse
1 1 (1.82%) Subversion
General
1 19 (34.55%) Banking
2 18 (32.73%) Front Office
3 11 (20.00%) Finance
4 6 (10.91%) Investment Banking
5 1 (1.82%) Law
5 1 (1.82%) Mandarin Language
Job Titles
1 33 (60.00%) Developer
2 18 (32.73%) Java Developer
3 6 (10.91%) C++ Developer
4 5 (9.09%) Analyst
4 5 (9.09%) WPF Developer
5 4 (7.27%) Support Analyst
6 3 (5.45%) Quantitative Developer
6 3 (5.45%) FIX Analyst
7 2 (3.64%) Senior WPF Developer
7 2 (3.64%) Senior Developer
8 1 (1.82%) Technical Support
8 1 (1.82%) Support Engineer
8 1 (1.82%) Business Analyst
8 1 (1.82%) UNIX Engineer
8 1 (1.82%) Infrastructure Engineer
8 1 (1.82%) Technical Support Engineer
8 1 (1.82%) Technical Engineer
Libraries, Frameworks & Software Standards
1 14 (25.45%) FIX Protocol
2 6 (10.91%) WPF
3 5 (9.09%) LINQ
4 4 (7.27%) Reactive Extensions
5 3 (5.45%) Middleware
Miscellaneous
1 34 (61.82%) Foreign Exchange (FX)
2 15 (27.27%) TWAP
2 15 (27.27%) VWAP
3 10 (18.18%) Algorithms
4 9 (16.36%) Mathematics
5 7 (12.73%) Analytical Skills
6 6 (10.91%) Derivative
6 6 (10.91%) Equities
7 5 (9.09%) Physics
8 4 (7.27%) Fixed Income
9 2 (3.64%) Data Structures
10 1 (1.82%) Computer Science
10 1 (1.82%) Credit Derivative
10 1 (1.82%) Clustering
Operating Systems
1 11 (20.00%) Linux
2 7 (12.73%) UNIX
3 2 (3.64%) Windows
4 1 (1.82%) AIX
4 1 (1.82%) Solaris
4 1 (1.82%) SUSE
4 1 (1.82%) Red Hat Enterprise Linux
4 1 (1.82%) SUSE Linux Enterprise Server
Processes & Methodologies
1 45 (81.82%) Low Latency
2 37 (67.27%) Multithreading
3 16 (29.09%) Performance Tuning
4 7 (12.73%) Agile Software Development
5 5 (9.09%) E-Commerce
6 3 (5.45%) Risk Management
6 3 (5.45%) Electronic Trading
6 3 (5.45%) Stakeholder Engagement
7 2 (3.64%) Complex Event Processing
7 2 (3.64%) Market Making
7 2 (3.64%) OO
8 1 (1.82%) UML
8 1 (1.82%) Configuration Management
8 1 (1.82%) MVVM
8 1 (1.82%) Numerical Analysis
8 1 (1.82%) TDD
8 1 (1.82%) Ultra-Low Latency
8 1 (1.82%) Analytics
8 1 (1.82%) Problem Management
Programming Languages
1 35 (63.64%) Java
2 16 (29.09%) SQL
3 9 (16.36%) C#
3 9 (16.36%) C++
4 2 (3.64%) Perl
5 1 (1.82%) XAML
5 1 (1.82%) C-shell
5 1 (1.82%) Ruby
5 1 (1.82%) AWK
Qualifications
1 3 (5.45%) Degree
2 2 (3.64%) PhD
Quality Assurance & Compliance
1 1 (1.82%) QA
System Software
1 1 (1.82%) Active Directory
1 1 (1.82%) Veritas Cluster Server
Systems Management
1 1 (1.82%) HP Operations Orchestration
1 1 (1.82%) Opscode Chef
1 1 (1.82%) Puppet
Vendors
1 1 (1.82%) Microsoft
1 1 (1.82%) HP
1 1 (1.82%) EMC
1 1 (1.82%) Veritas
1 1 (1.82%) ION Trading