The first table below looks at the demand 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 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category for the City of London region.

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 Jul 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 162 183 200
Rank change year-on-year
+21 +17
Contract jobs citing Algorithmic Trading 37 31 22
As % of all contract IT jobs located in the City of London 0.64% 0.44% 0.28%
As % of the Processes & Methodologies category 0.84% 0.58% 0.38%
Number of daily rates quoted 33 26 8
Average daily rate
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£650 £631 £650
Average daily rate % change year-on-year
+2.97% -2.88%
90% offered a daily rate of more than £528 £500 £538
10% offered a daily rate of more than £789 £700 £680
UK excluding London average daily rate £375 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Processes & Methodologies Category
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
4384 5386 5831
As % of all contract IT jobs located in the City of London 75.55% 76.01% 74.73%
Number of daily rates quoted 3259 4028 4332
Average daily rate £450 £450 £460
Average daily rate % change year-on-year
- -2.17%
90% offered a daily rate of more than £313 £305 £300
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £375 £375 £363
% change year-on-year
- +3.44%
Number of hourly rates quoted 43 92 85
Average hourly rate £23.50 £27.97 £27.00
Average hourly rate % change year-on-year
-15.98% +3.59%
90% offered a hourly rate of more than £16.15 £16.90 £16.15
10% offered a hourly rate of more than £45.00 £52.50 £50.84
UK excluding London average hourly rate £26.50 £31.00 £31.50
% change year-on-year
-14.51% -1.58%
Algorithmic Trading
London

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 July 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 30 July 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 41 (80.39%) Low Latency
2 37 (72.55%) Java
3 35 (68.63%) Foreign Exchange (FX)
4 29 (56.86%) Banking
5 27 (52.94%) Multithreading
6 19 (37.25%) SQL
7 18 (35.29%) Front Office
8 16 (31.37%) VWAP
8 16 (31.37%) TWAP
8 16 (31.37%) Performance Tuning
9 14 (27.45%) Investment Banking
10 13 (25.49%) Finance
11 12 (23.53%) Equities
12 11 (21.57%) UNIX
12 11 (21.57%) Linux
13 10 (19.61%) C#
13 10 (19.61%) Electronic Trading
14 8 (15.69%) FIX Protocol
15 7 (13.73%) Mathematics
16 6 (11.76%) C++
16 6 (11.76%) E-Commerce
16 6 (11.76%) KDB
17 5 (9.80%) Multicast
17 5 (9.80%) TCP/IP
17 5 (9.80%) Risk Management
17 5 (9.80%) Software Engineering
18 4 (7.84%) WPF
18 4 (7.84%) Degree
18 4 (7.84%) Windows
18 4 (7.84%) LINQ

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

For the 6 months to 30 July 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 3 (5.88%) Oracle Coherence
Applications
1 3 (5.88%) MS Office
Business Applications
1 2 (3.92%) RMDS
Communications & Networking
1 5 (9.80%) Multicast
1 5 (9.80%) TCP/IP
Database & Business Intelligence
1 6 (11.76%) KDB
Development Applications
1 2 (3.92%) Maven
1 2 (3.92%) Eclipse
1 2 (3.92%) Ant
2 1 (1.96%) SpecFlow
2 1 (1.96%) Visual Studio
2 1 (1.96%) JUnit
General
1 29 (56.86%) Banking
2 18 (35.29%) Front Office
3 14 (27.45%) Investment Banking
4 13 (25.49%) Finance
5 3 (5.88%) Financial Institution
6 1 (1.96%) Legal
6 1 (1.96%) Games
Job Titles
1 24 (47.06%) Developer
2 19 (37.25%) Java Developer
3 6 (11.76%) Senior Developer
4 4 (7.84%) Senior Java Developer
4 4 (7.84%) Development Manager
5 3 (5.88%) WPF Developer
5 3 (5.88%) C# Developer
6 2 (3.92%) Lead Java Developer
6 2 (3.92%) Business Analyst
6 2 (3.92%) Analyst
6 2 (3.92%) Lead Developer
7 1 (1.96%) C# .NET Developer
7 1 (1.96%) Head of Development
7 1 (1.96%) E-Commerce Specialist
7 1 (1.96%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 8 (15.69%) FIX Protocol
2 4 (7.84%) WPF
2 4 (7.84%) LINQ
3 3 (5.88%) RabbitMQ
3 3 (5.88%) .NET
4 2 (3.92%) WCF
4 2 (3.92%) Middleware
4 2 (3.92%) JMS
4 2 (3.92%) Reactive Extensions
5 1 (1.96%) STL
5 1 (1.96%) J2SE
5 1 (1.96%) WinForms
Miscellaneous
1 35 (68.63%) Foreign Exchange (FX)
2 16 (31.37%) VWAP
2 16 (31.37%) TWAP
3 12 (23.53%) Equities
4 7 (13.73%) Mathematics
5 3 (5.88%) Fixed Income
6 2 (3.92%) Physics
6 2 (3.92%) Visualisation
7 1 (1.96%) Enterprise Software
7 1 (1.96%) Derivative
Operating Systems
1 11 (21.57%) UNIX
1 11 (21.57%) Linux
2 4 (7.84%) Windows
3 2 (3.92%) Solaris
Processes & Methodologies
1 41 (80.39%) Low Latency
2 27 (52.94%) Multithreading
3 16 (31.37%) Performance Tuning
4 10 (19.61%) Electronic Trading
5 6 (11.76%) E-Commerce
6 5 (9.80%) Risk Management
6 5 (9.80%) Software Engineering
7 3 (5.88%) Ultra-Low Latency
7 3 (5.88%) OO
7 3 (5.88%) Problem Management
7 3 (5.88%) Business Analysis
7 3 (5.88%) Agile Software Development
8 1 (1.96%) Change Control
8 1 (1.96%) Analytics
8 1 (1.96%) Capacity Planning
8 1 (1.96%) BDD
8 1 (1.96%) UML
8 1 (1.96%) Process Management
8 1 (1.96%) Project Management
8 1 (1.96%) Wealth Management
Programming Languages
1 37 (72.55%) Java
2 19 (37.25%) SQL
3 10 (19.61%) C#
4 6 (11.76%) C++
5 3 (5.88%) C-shell
5 3 (5.88%) Perl
5 3 (5.88%) AWK
6 1 (1.96%) R
6 1 (1.96%) Python
6 1 (1.96%) Shell Script
Qualifications
1 4 (7.84%) Degree
2 3 (5.88%) PhD
Vendors
1 4 (7.84%) 29West
2 3 (5.88%) Oracle
2 3 (5.88%) TIBCO
3 1 (1.96%) Microsoft
3 1 (1.96%) Portware
City, London
McGregor Boyall
Rate: £650 - £750 per day
Posted: 3 hours ago
City, London
Aston Carter
Rate: £750 - £850 per day
Posted: 4 hours ago
City, London
Aston Carter
Rate: £600 - £700 per day
Posted: 9 hours ago