Algorithmic Trading Contracts in the City of London
 
Demand Trend Daily Rate Trend Daily Rate Histogram Hourly Rate Trend Related Skills

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 24 May 2013 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
24 May 2013		 Same period 2012 Same period 2011
Algorithmic Trading
Rank 189 195 194
Rank change year-on-year
+6 -1
Contract jobs citing Algorithmic Trading 14 23 51
As % of all contract IT jobs located in the City of London 0.219% 0.292% 0.521%
As % of the Processes & Methodologies category 0.299% 0.408% 0.725%
Number of daily rates quoted 14 21 48
Average daily rate £650 £650 £600
Average daily rate % change year-on-year
- +8.33%
90% offered a daily rate of more than £465 £530 £475
10% offered a daily rate of more than £760 £750 £650
UK excluding London average daily rate - - £800
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Search 11 Algorithmic Trading jobs in the City of London
All Processes & Methodologies
City of London
Contract IT job ads with a match in the
Processes & Methodologies category		 4690 5642 7035
As % of all contract IT jobs located in the City of London 73.52% 71.74% 71.82%
Number of daily rates quoted 3529 4083 5194
Average daily rate £450 £463 £500
Average daily rate % change year-on-year
-2.70% -7.50%
90% offered a daily rate of more than £313 £300 £325
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £365 £365 £375
% change year-on-year
- -2.66%
Number of hourly rates quoted 80 98 100
Average hourly rate £41.50 £24.00 £25.00
Average hourly rate % change year-on-year
+72.91% -4.00%
90% offered a hourly rate of more than £17.20 £15.00 £14.50
10% offered a hourly rate of more than £135.00 £47.50 £50.50
UK excluding London average hourly rate £30.00 £25.00 £29.50
% change year-on-year
+20.00% -15.25%
Algorithmic Trading
London

Algorithmic Trading
Jobs Demand Trend

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.

City of London Algorithmic Trading Jobs Demand Trend

Algorithmic Trading
Daily Rate Trend

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.

City of London Algorithmic Trading Daily Rate Trend

Algorithmic Trading
Daily Rate Histogram

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 24 May 2013.

City of London Algorithmic Trading Daily Rate Histogram

Algorithmic Trading
Hourly Rate Trend

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.

City of London Algorithmic Trading Hourly Rate Trend

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 24 May 2013, 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 20 (90.91%) Foreign Exchange (FX)
2 16 (72.73%) Java
3 13 (59.09%) Front Office
4 11 (50.00%) Multithreading
5 10 (45.45%) Banking
6 9 (40.91%) C++
7 8 (36.36%) C#
7 8 (36.36%) Investment Banking
8 7 (31.82%) UNIX
9 6 (27.27%) Degree
9 6 (27.27%) Computer Science
10 5 (22.73%) Linux
10 5 (22.73%) Oracle
10 5 (22.73%) Finance
11 4 (18.18%) SQL
11 4 (18.18%) Oracle Coherence
11 4 (18.18%) Agile Software Development
12 3 (13.64%) Electronic Trading
12 3 (13.64%) Perl
12 3 (13.64%) Python
12 3 (13.64%) E-Commerce
12 3 (13.64%) HTTP
12 3 (13.64%) Equities
13 2 (9.091%) Bloomberg
13 2 (9.091%) Back Office
13 2 (9.091%) Hibernate
13 2 (9.091%) Fixed Income
13 2 (9.091%) Jython
13 2 (9.091%) QuickTest Pro
13 2 (9.091%) VB

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 24 May 2013, 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 Development
1 2 (9.091%) Hibernate
1 2 (9.091%) .NET
1 2 (9.091%) FIX Protocol
1 2 (9.091%) Spring
Application Platforms
1 4 (18.18%) Oracle Coherence
Business Applications
1 1 (4.545%) 3000 Xtra
Communications & Networking
1 3 (13.64%) HTTP
Database & Business Intelligence
1 2 (9.091%) KDB
Development Applications
1 2 (9.091%) QuickTest Pro
1 2 (9.091%) Selenium
2 1 (4.545%) JUnit
General
1 13 (59.09%) Front Office
2 10 (45.45%) Banking
3 8 (36.36%) Investment Banking
4 5 (22.73%) Finance
5 2 (9.091%) Back Office
Job Titles
1 17 (77.27%) Developer
2 6 (27.27%) Java Developer
3 5 (22.73%) Senior Developer
4 4 (18.18%) C# Developer
5 3 (13.64%) C++ Developer
5 3 (13.64%) Senior C++ Developer
5 3 (13.64%) Analyst
6 2 (9.091%) Test Analyst
6 2 (9.091%) Applications Support
6 2 (9.091%) Test Automation Analyst
6 2 (9.091%) Automation Analyst
6 2 (9.091%) Senior Java Developer
6 2 (9.091%) Developer Analyst
6 2 (9.091%) Technical Leader
6 2 (9.091%) Automation Test Analyst
7 1 (4.545%) Applications Support Analyst
7 1 (4.545%) Support Analyst
7 1 (4.545%) Front Office Developer
Miscellaneous
1 20 (90.91%) Foreign Exchange (FX)
2 6 (27.27%) Computer Science
3 3 (13.64%) Equities
4 2 (9.091%) Fixed Income
4 2 (9.091%) Contract for Difference
4 2 (9.091%) Derivative
4 2 (9.091%) Equity Derivative
5 1 (4.545%) Field-Programmable Gate Array
Operating Systems
1 7 (31.82%) UNIX
2 5 (22.73%) Linux
Processes & Methodologies
1 11 (50.00%) Multithreading
2 4 (18.18%) Agile Software Development
3 3 (13.64%) Electronic Trading
3 3 (13.64%) E-Commerce
4 2 (9.091%) Test Automation
4 2 (9.091%) Build Automation
4 2 (9.091%) TDD
4 2 (9.091%) Automated Testing
5 1 (4.545%) Regression Testing
5 1 (4.545%) Risk Management
Programming Languages
1 16 (72.73%) Java
2 9 (40.91%) C++
3 8 (36.36%) C#
4 4 (18.18%) SQL
5 3 (13.64%) Perl
5 3 (13.64%) Python
6 2 (9.091%) Jython
6 2 (9.091%) VB
6 2 (9.091%) VBA
Qualifications
1 6 (27.27%) Degree
Quality Assurance & Compliance
1 2 (9.091%) QA
Vendors
1 5 (22.73%) Oracle
2 2 (9.091%) Bloomberg
2 2 (9.091%) 29West
3 1 (4.545%) StreamBase
3 1 (4.545%) Reuters
Java Developer - FX Algo Trading
City of London
Location: London Key tech: Java, low latency, multi-threading, high frequency, algorithmic development, 29 west, SQL, agile, TDD. Leading Investment Bank requires a strong Java Developer with excellent...
Huxley Associates
Rate: £600 - £700 per day
Posted: 15 May 2013
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