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 2 October 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
2 Oct 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 160 197 193
Rank change year-on-year
+37 -4
Contract jobs citing Algorithmic Trading 42 24 28
As % of all contract IT jobs located in the City of London 0.71% 0.34% 0.37%
As % of the Processes & Methodologies category 0.93% 0.44% 0.49%
Number of daily rates quoted 41 19 12
Average daily rate
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£650 £600 £650
Average daily rate % change year-on-year
+8.33% -7.69%
90% offered a daily rate of more than £560 £515 £430
10% offered a daily rate of more than £800 £735 £745
UK excluding London average daily rate £425 - -
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
4524 5460 5743
As % of all contract IT jobs located in the City of London 76.46% 76.55% 75.96%
Number of daily rates quoted 3423 4031 4257
Average daily rate £450 £450 £450
90% offered a daily rate of more than £320 £313 £300
10% offered a daily rate of more than £625 £600 £618
UK excluding London average daily rate £375 £365 £363
% change year-on-year
+2.73% +0.68%
Number of hourly rates quoted 44 70 93
Average hourly rate £21.62 £20.00 £32.50
Average hourly rate % change year-on-year
+8.10% -38.46%
90% offered a hourly rate of more than £12.50 £12.20 £16.05
10% offered a hourly rate of more than £35.00 £52.50 £53.38
UK excluding London average hourly rate £26.38 £30.00 £29.00
% change year-on-year
-12.08% +3.44%

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 2 October 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 2 October 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 56 (82.35%) Low Latency
2 52 (76.47%) Java
3 48 (70.59%) Foreign Exchange (FX)
4 46 (67.65%) Multithreading
5 32 (47.06%) Banking
6 24 (35.29%) Performance Tuning
7 23 (33.82%) TWAP
7 23 (33.82%) VWAP
8 22 (32.35%) Front Office
9 20 (29.41%) SQL
9 20 (29.41%) Finance
9 20 (29.41%) Algorithms
10 15 (22.06%) Linux
11 13 (19.12%) Investment Banking
11 13 (19.12%) Analytical Skills
12 12 (17.65%) Mathematics
12 12 (17.65%) Equities
13 11 (16.18%) UNIX
13 11 (16.18%) Electronic Trading
13 11 (16.18%) KDB
14 9 (13.24%) C#
14 9 (13.24%) Agile Software Development
15 8 (11.76%) E-Commerce
15 8 (11.76%) TCP/IP
15 8 (11.76%) Multicast
16 7 (10.29%) C++
16 7 (10.29%) WPF
16 7 (10.29%) Degree
17 6 (8.82%) FIX Protocol
18 5 (7.35%) Risk Management

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

For the 6 months to 2 October 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 2 (2.94%) Oracle Coherence
Applications
1 3 (4.41%) MS Office
Business Applications
1 2 (2.94%) RMDS
Communications & Networking
1 8 (11.76%) TCP/IP
1 8 (11.76%) Multicast
Database & Business Intelligence
1 11 (16.18%) KDB
Development Applications
1 2 (2.94%) Eclipse
2 1 (1.47%) JUnit
General
1 32 (47.06%) Banking
2 22 (32.35%) Front Office
3 20 (29.41%) Finance
4 13 (19.12%) Investment Banking
5 3 (4.41%) Financial Institution
6 1 (1.47%) Law
6 1 (1.47%) Legal
6 1 (1.47%) Games
Job Titles
1 40 (58.82%) Developer
2 31 (45.59%) Java Developer
3 7 (10.29%) Senior Developer
4 5 (7.35%) WPF Developer
5 4 (5.88%) Senior Java Developer
6 3 (4.41%) Quantitative Developer
6 3 (4.41%) Analyst
6 3 (4.41%) Business Analyst
6 3 (4.41%) Senior WPF Developer
7 2 (2.94%) Lead Developer
7 2 (2.94%) C# Developer
7 2 (2.94%) Lead Java Developer
8 1 (1.47%) IT Business Analyst
8 1 (1.47%) E-Commerce Specialist
8 1 (1.47%) C++ Developer
8 1 (1.47%) Infrastructure Engineer
8 1 (1.47%) Development Manager
8 1 (1.47%) Head of Development
Libraries, Frameworks & Software Standards
1 7 (10.29%) WPF
2 6 (8.82%) FIX Protocol
3 4 (5.88%) LINQ
4 3 (4.41%) Reactive Extensions
5 2 (2.94%) Middleware
5 2 (2.94%) .NET
6 1 (1.47%) WinForms
6 1 (1.47%) J2SE
6 1 (1.47%) STL
Miscellaneous
1 48 (70.59%) Foreign Exchange (FX)
2 23 (33.82%) TWAP
2 23 (33.82%) VWAP
3 20 (29.41%) Algorithms
4 13 (19.12%) Analytical Skills
5 12 (17.65%) Mathematics
5 12 (17.65%) Equities
6 5 (7.35%) Fixed Income
6 5 (7.35%) Data Structures
7 4 (5.88%) Physics
7 4 (5.88%) Derivative
8 2 (2.94%) Visualisation
9 1 (1.47%) Computer Science
9 1 (1.47%) Credit Derivative
9 1 (1.47%) Enterprise Software
Operating Systems
1 15 (22.06%) Linux
2 11 (16.18%) UNIX
3 4 (5.88%) Windows
4 1 (1.47%) Solaris
Processes & Methodologies
1 56 (82.35%) Low Latency
2 46 (67.65%) Multithreading
3 24 (35.29%) Performance Tuning
4 11 (16.18%) Electronic Trading
5 9 (13.24%) Agile Software Development
6 8 (11.76%) E-Commerce
7 5 (7.35%) Risk Management
8 3 (4.41%) Problem Management
9 2 (2.94%) Analytics
9 2 (2.94%) Ultra-Low Latency
9 2 (2.94%) Complex Event Processing
9 2 (2.94%) OO
9 2 (2.94%) Software Engineering
9 2 (2.94%) Business Analysis
10 1 (1.47%) Wealth Management
10 1 (1.47%) Requirements Analysis
10 1 (1.47%) UML
10 1 (1.47%) Project Management
10 1 (1.47%) Process Management
10 1 (1.47%) Use Case
Programming Languages
1 52 (76.47%) Java
2 20 (29.41%) SQL
3 9 (13.24%) C#
4 7 (10.29%) C++
5 3 (4.41%) AWK
5 3 (4.41%) Perl
5 3 (4.41%) C-shell
6 1 (1.47%) Python
6 1 (1.47%) Shell Script
6 1 (1.47%) XAML
6 1 (1.47%) R
Qualifications
1 7 (10.29%) Degree
2 5 (7.35%) PhD
Vendors
1 3 (4.41%) 29West
2 2 (2.94%) Oracle
3 1 (1.47%) Portware
City, London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 16 hours ago
City of London
iKonnect
Rate: £500 - £550 per day
Posted: 23 hours ago
City, London
Harrington Starr
Rate: £300 - £500 per day
Posted: Yesterday
City, London
Montash
Rate: £550 - £750 per day
Posted: 6 days ago