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 27 February 2015 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
27 Feb 2015
Same period 2014 Same period 2013
Algorithmic Trading
Rank 165 191 186
Rank change year-on-year
+26 -5
Contract jobs citing Algorithmic Trading 19 9 8
As % of all contract IT jobs located in the City of London 0.37% 0.16% 0.14%
As % of the Processes & Methodologies category 0.47% 0.20% 0.18%
Number of daily rates quoted 19 5 8
Average daily rate
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of your Daily Rate
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£525 £675 £688
Average daily rate % change year-on-year
-22.22% -1.81%
90% offered a daily rate of more than £370 £540 £650
10% offered a daily rate of more than £675 £735 £725
UK excluding London average daily rate £475 - -
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
4056 4502 4355
As % of all contract IT jobs located in the City of London 78.97% 77.61% 76.16%
Number of daily rates quoted 3163 3197 3336
Average daily rate £450 £450 £450
90% offered a daily rate of more than £320 £300 £315
10% offered a daily rate of more than £613 £625 £600
UK excluding London average daily rate £400 £375 £363
% change year-on-year
+6.66% +3.44%
Number of hourly rates quoted 28 48 65
Average hourly rate £20.45 £28.04 £44.00
Average hourly rate % change year-on-year
-27.08% -36.27%
90% offered a hourly rate of more than £12.50 £17.33 £16.15
10% offered a hourly rate of more than £45.50 £77.50 £135.00
UK excluding London average hourly rate £30.00 £27.50 £31.50
% change year-on-year
+9.09% -12.69%

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 27 February 2015.

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 27 February 2015, 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 38 (71.70%) Low Latency
2 30 (56.60%) Multithreading
3 29 (54.72%) Foreign Exchange (FX)
3 29 (54.72%) Java
4 19 (35.85%) Front Office
4 19 (35.85%) Banking
5 17 (32.08%) FIX Protocol
5 17 (32.08%) SQL
6 13 (24.53%) Performance Tuning
7 12 (22.64%) TWAP
7 12 (22.64%) VWAP
7 12 (22.64%) Finance
8 10 (18.87%) Investment Banking
8 10 (18.87%) C#
8 10 (18.87%) Linux
9 9 (16.98%) UNIX
10 8 (15.09%) C++
10 8 (15.09%) Mathematics
10 8 (15.09%) Equities
11 7 (13.21%) KDB
11 7 (13.21%) WPF
11 7 (13.21%) Algorithms
12 6 (11.32%) Agile Software Development
12 6 (11.32%) Derivative
13 5 (9.43%) Physics
13 5 (9.43%) E-Commerce
13 5 (9.43%) LINQ
13 5 (9.43%) Electronic Trading
13 5 (9.43%) Reactive Extensions
13 5 (9.43%) Analytical Skills

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

For the 6 months to 27 February 2015, 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 1 (1.89%) MS Exchange
Applications
1 2 (3.77%) MS Office
2 1 (1.89%) MS Excel
Business Applications
1 1 (1.89%) RMDS
Communications & Networking
1 3 (5.66%) TCP/IP
1 3 (5.66%) Multicast
Database & Business Intelligence
1 7 (13.21%) KDB
2 3 (5.66%) Relational Database
Development Applications
1 1 (1.89%) Eclipse
1 1 (1.89%) NUnit
1 1 (1.89%) Subversion
General
1 19 (35.85%) Banking
1 19 (35.85%) Front Office
2 12 (22.64%) Finance
3 10 (18.87%) Investment Banking
4 3 (5.66%) Marketing
5 1 (1.89%) Mandarin Language
5 1 (1.89%) Law
Job Titles
1 30 (56.60%) Developer
2 14 (26.42%) Java Developer
3 6 (11.32%) C++ Developer
4 5 (9.43%) Analyst
4 5 (9.43%) Support Analyst
4 5 (9.43%) WPF Developer
5 4 (7.55%) FIX Analyst
6 3 (5.66%) Applications Support
6 3 (5.66%) Senior Developer
7 2 (3.77%) Quantitative Developer
7 2 (3.77%) Senior WPF Developer
8 1 (1.89%) UNIX Engineer
8 1 (1.89%) Senior Java Developer
8 1 (1.89%) Technical Support
8 1 (1.89%) Support Engineer
8 1 (1.89%) C# Developer
8 1 (1.89%) Technical Support Engineer
8 1 (1.89%) Technical Engineer
Libraries, Frameworks & Software Standards
1 17 (32.08%) FIX Protocol
2 7 (13.21%) WPF
3 5 (9.43%) LINQ
3 5 (9.43%) Reactive Extensions
4 3 (5.66%) Middleware
5 1 (1.89%) AngularJS
5 1 (1.89%) HTML5
5 1 (1.89%) Silverlight
5 1 (1.89%) HTML
5 1 (1.89%) .NET
Miscellaneous
1 29 (54.72%) Foreign Exchange (FX)
2 12 (22.64%) VWAP
2 12 (22.64%) TWAP
3 8 (15.09%) Equities
3 8 (15.09%) Mathematics
4 7 (13.21%) Algorithms
5 6 (11.32%) Derivative
6 5 (9.43%) Physics
6 5 (9.43%) Analytical Skills
7 4 (7.55%) Fixed Income
8 3 (5.66%) SCADA
9 1 (1.89%) Computer Science
9 1 (1.89%) Clustering
9 1 (1.89%) Economics
9 1 (1.89%) Data Structures
Operating Systems
1 10 (18.87%) Linux
2 9 (16.98%) UNIX
3 3 (5.66%) Windows
4 1 (1.89%) AIX
4 1 (1.89%) Solaris
4 1 (1.89%) SUSE
4 1 (1.89%) Red Hat Enterprise Linux
4 1 (1.89%) SUSE Linux Enterprise Server
Processes & Methodologies
1 38 (71.70%) Low Latency
2 30 (56.60%) Multithreading
3 13 (24.53%) Performance Tuning
4 6 (11.32%) Agile Software Development
5 5 (9.43%) E-Commerce
5 5 (9.43%) Electronic Trading
6 4 (7.55%) Stakeholder Engagement
7 3 (5.66%) Risk Management
8 2 (3.77%) Problem Management
8 2 (3.77%) OO
8 2 (3.77%) TDD
8 2 (3.77%) MVVM
9 1 (1.89%) Ultra-Low Latency
9 1 (1.89%) Technical Analysis
9 1 (1.89%) Market Making
9 1 (1.89%) Pair Programming
9 1 (1.89%) Software Engineering
9 1 (1.89%) Numerical Analysis
9 1 (1.89%) UML
9 1 (1.89%) Configuration Management
Programming Languages
1 29 (54.72%) Java
2 17 (32.08%) SQL
3 10 (18.87%) C#
4 8 (15.09%) C++
5 3 (5.66%) Perl
6 2 (3.77%) C-shell
6 2 (3.77%) XAML
6 2 (3.77%) AWK
7 1 (1.89%) Ruby
7 1 (1.89%) JavaScript
Qualifications
1 2 (3.77%) Degree
1 2 (3.77%) VCP4
2 1 (1.89%) PhD
Quality Assurance & Compliance
1 1 (1.89%) QA
System Software
1 1 (1.89%) Active Directory
1 1 (1.89%) Veritas Cluster Server
Systems Management
1 1 (1.89%) HP Operations Orchestration
1 1 (1.89%) Puppet
1 1 (1.89%) Opscode Chef
Vendors
1 4 (7.55%) ION Trading
2 2 (3.77%) Microsoft
3 1 (1.89%) HP
3 1 (1.89%) EMC
3 1 (1.89%) Veritas
3 1 (1.89%) 29West
City, London
McGregor Boyall
Rate: £500 - £550 per day
Posted: 3 days ago
City of London
Harrington Starr
Rate: £700 per day
Posted: 4 days ago
City, London
TEKsystems
Rate: £600 - £700 per day
Posted: 4 days ago
City, London
Montash
Rate: £350 - £400 per day
Posted: 5 days ago
City of London
Orgtel
Rate: £650 - £725 per day
Posted: 16 days ago