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 9 December 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
9 Dec 2016
Same period 2015 Same period 2014
Algo Trading
Rank 156 108 164
Rank change year-on-year
-48 +56
Contract jobs citing Algorithmic Trading 9 51 41
As % of all contract IT jobs located in the City of London 0.28% 1.48% 0.71%
As % of the Processes & Methodologies category 0.33% 1.76% 0.89%
Number of daily rates quoted 9 49 41
Median daily rate £700 £650 £650
Median daily rate % change year-on-year
+7.69% -
90% offered a daily rate of more than £650 £520 £625
10% offered a daily rate of more than £760 £730 £725
UK excluding London median daily rate - £600 £475
% change year-on-year
- +26.31%
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
2758 2902 4629
As % of all contract IT jobs located in the City of London 87.14% 84.34% 80.71%
Number of daily rates quoted 2184 2328 3623
Median daily rate £500 £475 £450
Median daily rate % change year-on-year
+5.26% +5.55%
90% offered a daily rate of more than £363 £307 £310
10% offered a daily rate of more than £650 £638 £625
UK excluding London median daily rate £413 £400 £385
% change year-on-year
+3.12% +3.89%
Number of hourly rates quoted 27 23 49
Median hourly rate £26.25 £25.00 £18.00
Median hourly rate % change year-on-year
+5.00% +38.88%
90% offered a hourly rate of more than £14.50 £18.70 £10.60
10% offered a hourly rate of more than £55.00 £52.60 £38.00
UK excluding London median hourly rate £30.25 £34.00 £25.00
% change year-on-year
-11.02% +36.00%

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 9 December 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 9 December 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 16 (61.54%) Banking
1 16 (61.54%) Low Latency
2 14 (53.85%) Electronic Trading
2 14 (53.85%) Foreign Exchange (FX)
3 13 (50.00%) Unix
4 12 (46.15%) Investment Banking
5 10 (38.46%) Java
6 9 (34.62%) SQL
6 9 (34.62%) Front Office
6 9 (34.62%) Finance
6 9 (34.62%) Multithreading
7 6 (23.08%) HTML5
7 6 (23.08%) AngularJS
7 6 (23.08%) Data Management
7 6 (23.08%) Equities
7 6 (23.08%) HTML
7 6 (23.08%) JavaScript
8 5 (19.23%) C++
8 5 (19.23%) Middleware
8 5 (19.23%) Linux
8 5 (19.23%) Back Office
8 5 (19.23%) Algorithms
8 5 (19.23%) Fintech
8 5 (19.23%) Derivative
8 5 (19.23%) Equity Derivative
9 4 (15.38%) Boost C++ Libraries
9 4 (15.38%) High Availability
9 4 (15.38%) Fixed Income
9 4 (15.38%) Risk Management
9 4 (15.38%) E-Commerce

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:

Communications & Networking
1 1 (3.85%) Internet
1 1 (3.85%) Multicast
1 1 (3.85%) TCP/IP
Database & Business Intelligence
1 3 (11.54%) KDB
2 2 (7.69%) SQL Server
3 1 (3.85%) DB2
Development Applications
1 1 (3.85%) Visual Studio
General
1 16 (61.54%) Banking
2 12 (46.15%) Investment Banking
3 9 (34.62%) Finance
3 9 (34.62%) Front Office
4 5 (19.23%) Back Office
5 1 (3.85%) Advertising
Job Titles
1 14 (53.85%) Developer
2 6 (23.08%) Java Developer
3 5 (19.23%) Applications Support
4 4 (15.38%) C++ Developer
5 3 (11.54%) E-Commerce Developer
5 3 (11.54%) Electronic Trading C++ Developer
5 3 (11.54%) Electronic Trading Developer
5 3 (11.54%) Java Swing Developer
5 3 (11.54%) JavaScript Developer
6 2 (7.69%) Consultant
6 2 (7.69%) HTML Developer
6 2 (7.69%) Low Latency C++ Developer
6 2 (7.69%) Senior Developer
6 2 (7.69%) Senior Java Developer
7 1 (3.85%) C# Developer
7 1 (3.85%) Lead Java Developer
7 1 (3.85%) Oracle Consultant
7 1 (3.85%) Support Analyst
7 1 (3.85%) Test Consultant
7 1 (3.85%) Unix Engineer
Libraries, Frameworks & Software Standards
1 6 (23.08%) AngularJS
1 6 (23.08%) HTML
1 6 (23.08%) HTML5
2 5 (19.23%) Middleware
3 4 (15.38%) Boost C++ Libraries
3 4 (15.38%) STL
4 3 (11.54%) CSS
4 3 (11.54%) CSS3
4 3 (11.54%) Node.js
4 3 (11.54%) Swing
5 2 (7.69%) JavaFX
6 1 (3.85%) ASP.NET MVC
6 1 (3.85%) ASP.NET MVC 4
6 1 (3.85%) ASP.NET Web API
6 1 (3.85%) FIX Protocol
6 1 (3.85%) jQuery
6 1 (3.85%) KnockoutJS
6 1 (3.85%) LESS
6 1 (3.85%) RequireJS
6 1 (3.85%) Sass
Miscellaneous
1 14 (53.85%) Foreign Exchange (FX)
2 6 (23.08%) Equities
3 5 (19.23%) Algorithms
3 5 (19.23%) Derivative
3 5 (19.23%) Equity Derivative
3 5 (19.23%) Fintech
4 4 (15.38%) Fixed Income
5 3 (11.54%) N-Tier
6 2 (7.69%) Clustering
6 2 (7.69%) Computer Science
7 1 (3.85%) Analytical Skills
7 1 (3.85%) Field-Programmable Gate Array
7 1 (3.85%) TWAP
7 1 (3.85%) Visualisation
7 1 (3.85%) VWAP
Operating Systems
1 13 (50.00%) Unix
2 5 (19.23%) Linux
3 3 (11.54%) AIX
3 3 (11.54%) Red Hat Enterprise Linux
3 3 (11.54%) Solaris
3 3 (11.54%) SUSE Linux Enterprise Server
4 2 (7.69%) SUSE
5 1 (3.85%) Windows
Processes & Methodologies
1 16 (61.54%) Low Latency
2 14 (53.85%) Electronic Trading
3 9 (34.62%) Multithreading
4 6 (23.08%) Data Management
5 4 (15.38%) E-Commerce
5 4 (15.38%) High Availability
5 4 (15.38%) Risk Management
6 3 (11.54%) Build Automation
6 3 (11.54%) High-Frequency Trading
6 3 (11.54%) ITIL
6 3 (11.54%) ITSM
6 3 (11.54%) Service Management
7 2 (7.69%) Analytics
7 2 (7.69%) Concurrent Programming
7 2 (7.69%) Configuration Management
7 2 (7.69%) Multithreaded Programming
7 2 (7.69%) Performance Tuning
8 1 (3.85%) Agile Software Development
8 1 (3.85%) Scrum
8 1 (3.85%) TDD
Programming Languages
1 10 (38.46%) Java
2 9 (34.62%) SQL
3 6 (23.08%) JavaScript
4 5 (19.23%) C++
5 2 (7.69%) Perl
5 2 (7.69%) Ruby
6 1 (3.85%) C#
Qualifications
1 3 (11.54%) Degree
Quality Assurance & Compliance
1 3 (11.54%) MiFID
System Software
1 2 (7.69%) Veritas Cluster Server
Systems Management
1 2 (7.69%) Puppet
Vendors
1 4 (15.38%) Oracle
2 3 (11.54%) Solace
3 2 (7.69%) Cognizant
3 2 (7.69%) EMC
3 2 (7.69%) Veritas
4 1 (3.85%) Currenex
4 1 (3.85%) FXall
4 1 (3.85%) ION Trading
4 1 (3.85%) Reuters
City, London
Harrington Starr
Rate: £550 - £650 per day
Posted: Yesterday