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 28 July 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
28 Jul 2015
Same period 2014 Same period 2013
Algo Trading
Rank 177 168 200
Rank change year-on-year
-9 +32
Contract jobs citing Algorithmic Trading 34 34 30
As % of all contract IT jobs located in the City of London 0.57% 0.58% 0.42%
As % of the Processes & Methodologies category 0.73% 0.74% 0.54%
Number of daily rates quoted 33 30 25
Average daily rate
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£725 £650 £638
Average daily rate % change year-on-year
+11.53% +1.96%
90% offered a daily rate of more than £580 £525 £500
10% offered a daily rate of more than £750 £738 £705
UK excluding London average daily rate £450 £375 -
% change year-on-year
+20.00% -
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
4649 4570 5553
As % of all contract IT jobs located in the City of London 78.36% 77.68% 78.15%
Number of daily rates quoted 3696 3389 4146
Average daily rate £473 £450 £450
Average daily rate % change year-on-year
+5.00% -
90% offered a daily rate of more than £325 £313 £313
10% offered a daily rate of more than £625 £625 £600
UK excluding London average daily rate £388 £375 £375
% change year-on-year
+3.33% -
Number of hourly rates quoted 41 45 99
Average hourly rate £21.30 £22.69 £39.51
Average hourly rate % change year-on-year
-6.12% -42.56%
90% offered a hourly rate of more than £14.50 £14.50 £18.00
10% offered a hourly rate of more than £47.50 £45.00 £52.50
UK excluding London average hourly rate £30.00 £26.98 £31.00
% change year-on-year
+11.21% -12.98%

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 28 July 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 28 July 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 37 (64.91%) Low Latency
2 30 (52.63%) Foreign Exchange (FX)
3 26 (45.61%) C++
4 23 (40.35%) Front Office
5 18 (31.58%) Multithreading
6 17 (29.82%) Banking
7 15 (26.32%) Investment Banking
7 15 (26.32%) Java
7 15 (26.32%) Linux
7 15 (26.32%) FIX Protocol
8 13 (22.81%) FX Algorithmic Trading
9 12 (21.05%) Equities
9 12 (21.05%) SQL
10 11 (19.30%) C#
10 11 (19.30%) Algorithms
11 8 (14.04%) Market Making
11 8 (14.04%) KDB
11 8 (14.04%) UNIX
11 8 (14.04%) Finance
12 7 (12.28%) Mathematics
12 7 (12.28%) Derivative
12 7 (12.28%) Degree
12 7 (12.28%) WPF
12 7 (12.28%) Analytical Skills
12 7 (12.28%) Data Structures
13 6 (10.53%) Reactive Extensions
13 6 (10.53%) Physics
13 6 (10.53%) Stakeholder Engagement
13 6 (10.53%) Agile Software Development
13 6 (10.53%) PhD

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

For the 6 months to 28 July 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 (1.75%) MS Exchange
Applications
1 1 (1.75%) MS Office
1 1 (1.75%) MS Excel
Business Applications
1 1 (1.75%) RMDS
Communications & Networking
1 1 (1.75%) TCP/IP
1 1 (1.75%) Multicast
Database & Business Intelligence
1 8 (14.04%) KDB
2 2 (3.51%) Relational Database
3 1 (1.75%) SQL Server
3 1 (1.75%) NoSQL
Development Applications
1 1 (1.75%) Eclipse
1 1 (1.75%) NUnit
1 1 (1.75%) Subversion
General
1 23 (40.35%) Front Office
2 17 (29.82%) Banking
3 15 (26.32%) Investment Banking
4 8 (14.04%) Finance
5 3 (5.26%) Marketing
6 1 (1.75%) Mandarin Language
Job Titles
1 43 (75.44%) Developer
2 19 (33.33%) C++ Developer
3 14 (24.56%) Java Developer
3 14 (24.56%) Senior Developer
4 8 (14.04%) Senior Java Developer
5 7 (12.28%) Analyst
6 6 (10.53%) FIX Analyst
7 5 (8.77%) WPF Developer
7 5 (8.77%) Senior WPF Developer
8 4 (7.02%) C# Developer
8 4 (7.02%) Applications Support
9 3 (5.26%) Support Analyst
10 1 (1.75%) Technical Support
10 1 (1.75%) Support Engineer
10 1 (1.75%) Support Specialist
10 1 (1.75%) Applications Support Analyst
10 1 (1.75%) Technical Support Engineer
10 1 (1.75%) Technical Engineer
10 1 (1.75%) Implementation Manager
10 1 (1.75%) Senior C# Developer
Libraries, Frameworks & Software Standards
1 15 (26.32%) FIX Protocol
2 7 (12.28%) WPF
3 6 (10.53%) Reactive Extensions
4 5 (8.77%) LINQ
5 3 (5.26%) HTML5
5 3 (5.26%) AngularJS
5 3 (5.26%) HTML
5 3 (5.26%) .NET
6 2 (3.51%) J2SE
7 1 (1.75%) WinForms
7 1 (1.75%) Spring
7 1 (1.75%) Silverlight
7 1 (1.75%) J2EE
7 1 (1.75%) STL
7 1 (1.75%) Ultra Messaging
7 1 (1.75%) Boost C++ Libraries
Miscellaneous
1 30 (52.63%) Foreign Exchange (FX)
2 12 (21.05%) Equities
3 11 (19.30%) Algorithms
4 7 (12.28%) Analytical Skills
4 7 (12.28%) Data Structures
4 7 (12.28%) Derivative
4 7 (12.28%) Mathematics
5 6 (10.53%) Physics
6 4 (7.02%) Equity Derivative
7 3 (5.26%) SCADA
8 2 (3.51%) VWAP
8 2 (3.51%) Index Arbitrage
8 2 (3.51%) TWAP
9 1 (1.75%) Enterprise Software
9 1 (1.75%) Hedge funds
9 1 (1.75%) Performance Metrics
9 1 (1.75%) Statistics
9 1 (1.75%) Computer Science
9 1 (1.75%) Economics
9 1 (1.75%) Fixed Income
Operating Systems
1 15 (26.32%) Linux
2 8 (14.04%) UNIX
3 4 (7.02%) Windows
Processes & Methodologies
1 37 (64.91%) Low Latency
2 18 (31.58%) Multithreading
3 13 (22.81%) FX Algorithmic Trading
4 8 (14.04%) Market Making
5 6 (10.53%) Stakeholder Engagement
5 6 (10.53%) Agile Software Development
6 5 (8.77%) TDD
7 4 (7.02%) Electronic Trading
8 2 (3.51%) Risk Management
8 2 (3.51%) E-Commerce
8 2 (3.51%) BDD
8 2 (3.51%) Performance Tuning
9 1 (1.75%) Technical Analysis
9 1 (1.75%) Concurrent Programming
9 1 (1.75%) Garbage Collection
9 1 (1.75%) Continuous Improvement
9 1 (1.75%) Software Deployment
9 1 (1.75%) Analytics
9 1 (1.75%) SDLC
9 1 (1.75%) Change Management
Programming Languages
1 26 (45.61%) C++
2 15 (26.32%) Java
3 12 (21.05%) SQL
4 11 (19.30%) C#
5 4 (7.02%) Python
6 3 (5.26%) JavaScript
7 2 (3.51%) Perl
8 1 (1.75%) PL/SQL
8 1 (1.75%) C
8 1 (1.75%) Tcl
8 1 (1.75%) Shell Script
8 1 (1.75%) XAML
8 1 (1.75%) AWK
8 1 (1.75%) C-shell
8 1 (1.75%) Bash Shell
Qualifications
1 7 (12.28%) Degree
2 6 (10.53%) PhD
Quality Assurance & Compliance
1 1 (1.75%) QA
System Software
1 1 (1.75%) Active Directory
Vendors
1 3 (5.26%) Oracle
1 3 (5.26%) ION Trading
2 2 (3.51%) Microsoft
2 2 (3.51%) Fidessa
3 1 (1.75%) Sybase
City, London
ComputAppoint
Rate: £400 - £450 per day
Posted: 5 days ago
City, London
McGregor Boyall
Rate: £450 per day + Mar
Posted: 5 days ago