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 3 September 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
3 Sep 2015
Same period 2014 Same period 2013
Algo Trading
Rank 160 161 196
Rank change year-on-year
+1 +35
Contract jobs citing Algorithmic Trading 34 45 32
As % of all contract IT jobs located in the City of London 0.65% 0.77% 0.44%
As % of the Processes & Methodologies category 0.80% 0.99% 0.56%
Number of daily rates quoted 33 42 25
Average daily rate
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£725 £650 £600
Average daily rate % change year-on-year
+11.53% +8.33%
90% offered a daily rate of more than £464 £503 £485
10% offered a daily rate of more than £750 £800 £705
UK excluding London average daily rate £450 £375 -
% change year-on-year
+20.00% -
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
4242 4556 5700
As % of all contract IT jobs located in the City of London 80.60% 77.46% 77.98%
Number of daily rates quoted 3362 3388 4231
Average daily rate £475 £450 £450
Average daily rate % change year-on-year
+5.55% -
90% offered a daily rate of more than £325 £320 £315
10% offered a daily rate of more than £625 £625 £600
UK excluding London average daily rate £400 £375 £370
% change year-on-year
+6.66% +1.35%
Number of hourly rates quoted 40 39 70
Average hourly rate £21.00 £22.44 £22.50
Average hourly rate % change year-on-year
-6.40% -0.27%
90% offered a hourly rate of more than £13.00 £15.95 £14.08
10% offered a hourly rate of more than £38.50 £35.15 £58.70
UK excluding London average hourly rate £32.50 £26.98 £30.50
% change year-on-year
+20.48% -11.55%

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 3 September 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 3 September 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 36 (65.45%) Low Latency
2 29 (52.73%) Foreign Exchange (FX)
2 29 (52.73%) C++
3 21 (38.18%) Front Office
4 18 (32.73%) Linux
5 16 (29.09%) Multithreading
6 15 (27.27%) Banking
7 14 (25.45%) FIX Protocol
7 14 (25.45%) Investment Banking
7 14 (25.45%) Java
7 14 (25.45%) SQL
8 13 (23.64%) FX Algorithmic Trading
9 11 (20.00%) Algorithms
10 10 (18.18%) Analytical Skills
10 10 (18.18%) Data Structures
10 10 (18.18%) Equities
11 9 (16.36%) KDB
11 9 (16.36%) Derivative
11 9 (16.36%) PhD
11 9 (16.36%) UNIX
11 9 (16.36%) Market Making
12 8 (14.55%) C#
12 8 (14.55%) Degree
13 7 (12.73%) Finance
13 7 (12.73%) Mathematics
13 7 (12.73%) Python
14 6 (10.91%) Stakeholder Engagement
15 5 (9.09%) Physics
15 5 (9.09%) WPF
16 4 (7.27%) LINQ

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

For the 6 months to 3 September 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.

Database & Business Intelligence
1 9 (16.36%) KDB
2 4 (7.27%) SQL Server
3 1 (1.82%) NoSQL
Development Applications
1 1 (1.82%) Eclipse
1 1 (1.82%) Subversion
General
1 21 (38.18%) Front Office
2 15 (27.27%) Banking
3 14 (25.45%) Investment Banking
4 7 (12.73%) Finance
Job Titles
1 44 (80.00%) Developer
2 21 (38.18%) C++ Developer
3 13 (23.64%) Senior Developer
3 13 (23.64%) Java Developer
4 9 (16.36%) Analyst
5 8 (14.55%) Senior Java Developer
6 6 (10.91%) Support Analyst
6 6 (10.91%) FIX Analyst
7 4 (7.27%) WPF Developer
7 4 (7.27%) Senior WPF Developer
8 3 (5.45%) Applications Support
8 3 (5.45%) C# Developer
8 3 (5.45%) Applications Support Analyst
9 2 (3.64%) Python Developer
10 1 (1.82%) Fidessa Specialist
10 1 (1.82%) Linux Developer
10 1 (1.82%) Core Java Developer
10 1 (1.82%) Implementation Manager
10 1 (1.82%) Senior C# Developer
10 1 (1.82%) Support Specialist
Libraries, Frameworks & Software Standards
1 14 (25.45%) FIX Protocol
2 5 (9.09%) WPF
3 4 (7.27%) LINQ
3 4 (7.27%) Reactive Extensions
4 2 (3.64%) AngularJS
4 2 (3.64%) Pandas
4 2 (3.64%) J2SE
4 2 (3.64%) HTML5
4 2 (3.64%) SciPy
4 2 (3.64%) NumPy
4 2 (3.64%) HTML
4 2 (3.64%) .NET
5 1 (1.82%) J2EE
5 1 (1.82%) STL
5 1 (1.82%) Boost C++ Libraries
5 1 (1.82%) WinForms
5 1 (1.82%) Spring
Miscellaneous
1 29 (52.73%) Foreign Exchange (FX)
2 11 (20.00%) Algorithms
3 10 (18.18%) Analytical Skills
3 10 (18.18%) Data Structures
3 10 (18.18%) Equities
4 9 (16.36%) Derivative
5 7 (12.73%) Mathematics
6 5 (9.09%) Physics
7 4 (7.27%) Equity Derivative
8 3 (5.45%) Computer Science
8 3 (5.45%) Hedge funds
9 1 (1.82%) TWAP
9 1 (1.82%) Enterprise Software
9 1 (1.82%) Performance Metrics
9 1 (1.82%) VWAP
9 1 (1.82%) Index Arbitrage
9 1 (1.82%) Statistics
Operating Systems
1 18 (32.73%) Linux
2 9 (16.36%) UNIX
3 3 (5.45%) Windows
Processes & Methodologies
1 36 (65.45%) Low Latency
2 16 (29.09%) Multithreading
3 13 (23.64%) FX Algorithmic Trading
4 9 (16.36%) Market Making
5 6 (10.91%) Stakeholder Engagement
6 4 (7.27%) Agile Software Development
6 4 (7.27%) TDD
7 3 (5.45%) Performance Tuning
8 2 (3.64%) Electronic Trading
9 1 (1.82%) BDD
9 1 (1.82%) Software Deployment
9 1 (1.82%) Analytics
9 1 (1.82%) Data Analysis
9 1 (1.82%) Web Development
9 1 (1.82%) UML
9 1 (1.82%) OO
9 1 (1.82%) Change Management
9 1 (1.82%) Risk Management
9 1 (1.82%) Garbage Collection
Programming Languages
1 29 (52.73%) C++
2 14 (25.45%) Java
2 14 (25.45%) SQL
3 8 (14.55%) C#
4 7 (12.73%) Python
5 3 (5.45%) Shell Script
6 2 (3.64%) JavaScript
7 1 (1.82%) Perl
7 1 (1.82%) PL/SQL
7 1 (1.82%) Tcl
7 1 (1.82%) C
7 1 (1.82%) Bash Shell
Qualifications
1 9 (16.36%) PhD
2 8 (14.55%) Degree
Quality Assurance & Compliance
1 1 (1.82%) QA
Vendors
1 4 (7.27%) Oracle
2 2 (3.64%) Sybase
2 2 (3.64%) Fidessa
City of London
Huxley Banking & Financial Services
Rate: £450 - £550 per day
Posted: 19 hours ago
City, London
McGregor Boyall
Rate: £650 - £800 per day
Posted: 2 days ago