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 24 May 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
24 May 2016
Same period 2015 Same period 2014
Algo Trading
Rank 137 169 199
Rank change year-on-year
+32 +30
Contract jobs citing Algorithmic Trading 22 24 16
As % of all contract IT jobs located in the City of London 0.67% 0.44% 0.26%
As % of the Processes & Methodologies category 0.78% 0.55% 0.33%
Number of daily rates quoted 22 23 14
Median daily rate £700 £550 £638
Median daily rate % change year-on-year
+27.27% -13.72%
90% offered a daily rate of more than £650 £390 £533
10% offered a daily rate of more than £725 £725 £738
UK excluding London median daily rate - £650 -
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
2813 4346 4875
As % of all contract IT jobs located in the City of London 85.06% 80.26% 80.04%
Number of daily rates quoted 2310 3412 3659
Median daily rate £475 £471 £450
Median daily rate % change year-on-year
+0.84% +4.66%
90% offered a daily rate of more than £325 £325 £300
10% offered a daily rate of more than £625 £615 £625
UK excluding London median daily rate £400 £385 £375
% change year-on-year
+3.89% +2.66%
Number of hourly rates quoted 24 41 42
Median hourly rate £19.00 £25.00 £21.75
Median hourly rate % change year-on-year
-24.00% +14.94%
90% offered a hourly rate of more than £12.50 £13.50 £12.40
10% offered a hourly rate of more than £26.50 £95.00 £53.50
UK excluding London median hourly rate £35.00 £31.00 £30.00
% change year-on-year
+12.90% +3.33%

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 24 May 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 24 May 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 35 (87.50%) Front Office
2 32 (80.00%) Low Latency
3 30 (75.00%) Java
4 23 (57.50%) Foreign Exchange (FX)
5 20 (50.00%) Linux
6 19 (47.50%) C++
6 19 (47.50%) Multithreading
7 18 (45.00%) Market Making
8 17 (42.50%) Algorithms
8 17 (42.50%) Degree
8 17 (42.50%) Banking
9 16 (40.00%) KDB
9 16 (40.00%) Analytical Skills
10 15 (37.50%) Data Structures
10 15 (37.50%) FX Algorithmic Trading
10 15 (37.50%) PhD
11 13 (32.50%) Unix
11 13 (32.50%) Fixed Income
12 12 (30.00%) Agile Software Development
12 12 (30.00%) Investment Banking
13 10 (25.00%) Analytics
14 9 (22.50%) OO
14 9 (22.50%) OOD
14 9 (22.50%) Shell Script
15 6 (15.00%) Finance
15 6 (15.00%) FIX Protocol
15 6 (15.00%) Equities
16 4 (10.00%) SQL
17 3 (7.50%) Oracle
17 3 (7.50%) Python

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 (2.50%) Oracle Coherence
Communications & Networking
1 1 (2.50%) TCP/IP
Database & Business Intelligence
1 16 (40.00%) KDB
2 1 (2.50%) Relational Database
2 1 (2.50%) SQL Server
Development Applications
1 1 (2.50%) JIRA
General
1 35 (87.50%) Front Office
2 17 (42.50%) Banking
3 12 (30.00%) Investment Banking
4 6 (15.00%) Finance
Job Titles
1 34 (85.00%) Developer
2 14 (35.00%) Java Developer
3 5 (12.50%) Analyst
4 3 (7.50%) C++ Developer
4 3 (7.50%) FIX Analyst
4 3 (7.50%) Onboarding Analyst
5 2 (5.00%) Analyst Developer
5 2 (5.00%) C# Developer
5 2 (5.00%) Java Analyst Developer
5 2 (5.00%) Java Scala Developer
5 2 (5.00%) Scala Developer
5 2 (5.00%) Senior Analyst
5 2 (5.00%) Senior Analyst Developer
5 2 (5.00%) Senior Developer
5 2 (5.00%) Senior Java Developer
6 1 (2.50%) Applications Support
6 1 (2.50%) Applications Support Engineer
6 1 (2.50%) Support Analyst
6 1 (2.50%) Support Engineer
6 1 (2.50%) Tester
Libraries, Frameworks & Software Standards
1 6 (15.00%) FIX Protocol
2 2 (5.00%) .NET
Miscellaneous
1 23 (57.50%) Foreign Exchange (FX)
2 17 (42.50%) Algorithms
3 16 (40.00%) Analytical Skills
4 15 (37.50%) Data Structures
5 13 (32.50%) Fixed Income
6 6 (15.00%) Equities
7 2 (5.00%) Derivative
8 1 (2.50%) Computer Science
8 1 (2.50%) Equity Derivative
8 1 (2.50%) Fintech
8 1 (2.50%) Mathematics
Operating Systems
1 20 (50.00%) Linux
2 13 (32.50%) Unix
3 1 (2.50%) Windows
Processes & Methodologies
1 32 (80.00%) Low Latency
2 19 (47.50%) Multithreading
3 18 (45.00%) Market Making
4 15 (37.50%) FX Algorithmic Trading
5 12 (30.00%) Agile Software Development
6 10 (25.00%) Analytics
7 9 (22.50%) OO
7 9 (22.50%) OOD
8 3 (7.50%) Electronic Trading
8 3 (7.50%) Stakeholder Engagement
9 2 (5.00%) Risk Management
10 1 (2.50%) BDD
10 1 (2.50%) Business Analytics
10 1 (2.50%) Configuration Management
10 1 (2.50%) Release Management
10 1 (2.50%) Scrum
10 1 (2.50%) Structured Programming
10 1 (2.50%) Test Automation
10 1 (2.50%) Unit Testing
10 1 (2.50%) User Acceptance Testing
Programming Languages
1 30 (75.00%) Java
2 19 (47.50%) C++
3 9 (22.50%) Shell Script
4 4 (10.00%) SQL
5 3 (7.50%) Python
5 3 (7.50%) Scala
6 2 (5.00%) Bash Shell
6 2 (5.00%) C#
6 2 (5.00%) Perl
Qualifications
1 17 (42.50%) Degree
2 15 (37.50%) PhD
Quality Assurance & Compliance
1 2 (5.00%) QA
Vendors
1 3 (7.50%) Oracle
2 1 (2.50%) HP
2 1 (2.50%) Sybase