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 21 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
21 Oct 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 159 198 194
Rank change year-on-year
+39 -4
Contract jobs citing Algorithmic Trading 43 26 25
As % of all contract IT jobs located in the City of London 0.72% 0.36% 0.34%
As % of the Processes & Methodologies category 0.95% 0.47% 0.45%
Number of daily rates quoted 43 21 13
Average daily rate
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£650 £600 £538
Average daily rate % change year-on-year
+8.33% +11.62%
90% offered a daily rate of more than £568 £500 £435
10% offered a daily rate of more than £800 £700 £740
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
4547 5580 5608
As % of all contract IT jobs located in the City of London 76.56% 76.54% 75.45%
Number of daily rates quoted 3496 4115 4176
Average daily rate £450 £450 £450
90% offered a daily rate of more than £313 £313 £300
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £375 £363 £370
% change year-on-year
+3.44% -2.02%
Number of hourly rates quoted 42 74 91
Average hourly rate £15.75 £20.00 £35.00
Average hourly rate % change year-on-year
-21.25% -42.85%
90% offered a hourly rate of more than £10.50 £12.80 £16.10
10% offered a hourly rate of more than £30.82 £52.82 £53.38
UK excluding London average hourly rate £25.00 £29.00 £27.50
% change year-on-year
-13.79% +5.45%

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 21 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 21 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 64 (85.33%) Low Latency
2 58 (77.33%) Java
3 55 (73.33%) Multithreading
4 54 (72.00%) Foreign Exchange (FX)
5 37 (49.33%) Banking
6 30 (40.00%) Performance Tuning
7 29 (38.67%) TWAP
7 29 (38.67%) VWAP
8 24 (32.00%) SQL
9 21 (28.00%) Finance
10 20 (26.67%) Front Office
11 19 (25.33%) Algorithms
12 16 (21.33%) Linux
13 13 (17.33%) Mathematics
14 12 (16.00%) Investment Banking
14 12 (16.00%) Analytical Skills
15 11 (14.67%) C#
16 10 (13.33%) UNIX
16 10 (13.33%) Equities
16 10 (13.33%) KDB
17 9 (12.00%) Electronic Trading
17 9 (12.00%) Agile Software Development
17 9 (12.00%) C++
18 8 (10.67%) E-Commerce
18 8 (10.67%) TCP/IP
18 8 (10.67%) WPF
18 8 (10.67%) Multicast
19 6 (8.00%) Degree
20 5 (6.67%) Data Structures
20 5 (6.67%) FIX Protocol

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

For the 6 months to 21 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 (2.67%) Oracle Coherence
Applications
1 3 (4.00%) MS Office
Business Applications
1 1 (1.33%) RMDS
Communications & Networking
1 8 (10.67%) TCP/IP
1 8 (10.67%) Multicast
Database & Business Intelligence
1 10 (13.33%) KDB
Development Applications
1 2 (2.67%) Eclipse
2 1 (1.33%) JUnit
General
1 37 (49.33%) Banking
2 21 (28.00%) Finance
3 20 (26.67%) Front Office
4 12 (16.00%) Investment Banking
5 3 (4.00%) Financial Institution
6 1 (1.33%) Law
6 1 (1.33%) Games
Job Titles
1 43 (57.33%) Developer
2 30 (40.00%) Java Developer
3 7 (9.33%) Senior Developer
4 6 (8.00%) WPF Developer
5 4 (5.33%) Senior Java Developer
6 3 (4.00%) Senior WPF Developer
6 3 (4.00%) C++ Developer
6 3 (4.00%) Quantitative Developer
7 2 (2.67%) Business Analyst
7 2 (2.67%) C# Developer
7 2 (2.67%) Lead Developer
7 2 (2.67%) Analyst
7 2 (2.67%) Lead Java Developer
8 1 (1.33%) E-Commerce Specialist
8 1 (1.33%) Head of Development
8 1 (1.33%) Development Manager
8 1 (1.33%) Infrastructure Engineer
Libraries, Frameworks & Software Standards
1 8 (10.67%) WPF
2 5 (6.67%) LINQ
2 5 (6.67%) FIX Protocol
3 4 (5.33%) Reactive Extensions
4 2 (2.67%) .NET
4 2 (2.67%) Middleware
5 1 (1.33%) WinForms
5 1 (1.33%) STL
5 1 (1.33%) J2SE
Miscellaneous
1 54 (72.00%) Foreign Exchange (FX)
2 29 (38.67%) VWAP
2 29 (38.67%) TWAP
3 19 (25.33%) Algorithms
4 13 (17.33%) Mathematics
5 12 (16.00%) Analytical Skills
6 10 (13.33%) Equities
7 5 (6.67%) Fixed Income
7 5 (6.67%) Physics
7 5 (6.67%) Data Structures
8 4 (5.33%) Derivative
9 2 (2.67%) Visualisation
10 1 (1.33%) Computer Science
10 1 (1.33%) Credit Derivative
Operating Systems
1 16 (21.33%) Linux
2 10 (13.33%) UNIX
3 4 (5.33%) Windows
4 1 (1.33%) Solaris
Processes & Methodologies
1 64 (85.33%) Low Latency
2 55 (73.33%) Multithreading
3 30 (40.00%) Performance Tuning
4 9 (12.00%) Agile Software Development
4 9 (12.00%) Electronic Trading
5 8 (10.67%) E-Commerce
6 4 (5.33%) Risk Management
7 3 (4.00%) Problem Management
8 2 (2.67%) OO
8 2 (2.67%) Software Engineering
8 2 (2.67%) Complex Event Processing
9 1 (1.33%) Change Control
9 1 (1.33%) Analytics
9 1 (1.33%) Business Analysis
9 1 (1.33%) Mentoring
9 1 (1.33%) Coaching
9 1 (1.33%) Ultra-Low Latency
9 1 (1.33%) Process Management
9 1 (1.33%) Capacity Planning
9 1 (1.33%) MVVM
Programming Languages
1 58 (77.33%) Java
2 24 (32.00%) SQL
3 11 (14.67%) C#
4 9 (12.00%) C++
5 3 (4.00%) Perl
5 3 (4.00%) AWK
5 3 (4.00%) C-shell
6 1 (1.33%) R
6 1 (1.33%) Python
6 1 (1.33%) Shell Script
6 1 (1.33%) XAML
Qualifications
1 6 (8.00%) Degree
2 5 (6.67%) PhD
Vendors
1 2 (2.67%) Oracle
2 1 (1.33%) Portware
2 1 (1.33%) 29West
City, London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 5 days ago
City, London
TEKsystems
Rate: £600 - £700 per day
Posted: 6 days ago
City of London
iKonnect
Rate: £500 - £550 per day
Posted: 20 days ago