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 contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 27 June 2016 with a comparison to the same period over 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.

3 months to
27 Jun 2016
Same period 2015 Same period 2014
Algo Trading
Rank 146 165 186
Rank change year-on-year
+19 +21
Contract jobs citing Algorithmic Trading 15 31 20
As % of all contract IT jobs located in the City of London 0.44% 0.54% 0.34%
As % of the Processes & Methodologies category 0.52% 0.68% 0.42%
Number of daily rates quoted 15 30 18
Median daily rate £700 £725 £625
Median daily rate % change year-on-year
-3.44% +16.00%
90% offered a daily rate of more than £670 £500 £525
10% offered a daily rate of more than £725 £750 £711
UK excluding London median daily rate - £425 £375
% change year-on-year
- +13.33%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
2869 4587 4737
As % of all contract IT jobs located in the City of London 84.73% 79.94% 79.98%
Number of daily rates quoted 2348 3611 3556
Median daily rate £475 £463 £450
Median daily rate % change year-on-year
+2.70% +2.77%
90% offered a daily rate of more than £338 £325 £302
10% offered a daily rate of more than £625 £625 £625
UK excluding London median daily rate £400 £385 £375
% change year-on-year
+3.89% +2.66%
Number of hourly rates quoted 22 51 38
Median hourly rate £19.00 £24.50 £21.75
Median hourly rate % change year-on-year
-22.44% +12.64%
90% offered a hourly rate of more than £12.50 £14.95 £14.50
10% offered a hourly rate of more than £31.50 £59.70 £53.50
UK excluding London median hourly rate £28.50 £30.00 £30.00
% change year-on-year
-5.00% -

Algorithmic Trading
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Algorithmic Trading as a proportion of all IT contracts with a match in 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
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 June 2016, IT contractor jobs citing Algorithmic Trading also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Algorithmic Trading.

1 30 (83.33%) Front Office
2 29 (80.56%) Low Latency
3 26 (72.22%) Java
4 19 (52.78%) Foreign Exchange (FX)
5 18 (50.00%) Linux
6 17 (47.22%) C++
7 16 (44.44%) Market Making
8 15 (41.67%) Degree
8 15 (41.67%) Multithreading
9 14 (38.89%) KDB
9 14 (38.89%) Unix
9 14 (38.89%) Analytical Skills
10 13 (36.11%) Data Structures
10 13 (36.11%) Algorithms
10 13 (36.11%) FX Algorithmic Trading
10 13 (36.11%) PhD
10 13 (36.11%) Banking
11 12 (33.33%) Investment Banking
11 12 (33.33%) Fixed Income
12 11 (30.56%) Agile Software Development
13 10 (27.78%) Analytics
14 9 (25.00%) OOD
14 9 (25.00%) OO
14 9 (25.00%) Shell Script
15 6 (16.67%) FIX Protocol
16 5 (13.89%) Equities
16 5 (13.89%) Finance
17 4 (11.11%) Electronic Trading
18 3 (8.33%) Python
18 3 (8.33%) C#

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

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (2.78%) Oracle Coherence
Communications & Networking
1 1 (2.78%) TCP/IP
Database & Business Intelligence
1 14 (38.89%) KDB
2 1 (2.78%) Relational Database
2 1 (2.78%) SQL Server
Development Applications
1 1 (2.78%) JIRA
General
1 30 (83.33%) Front Office
2 13 (36.11%) Banking
3 12 (33.33%) Investment Banking
4 5 (13.89%) Finance
Job Titles
1 30 (83.33%) Developer
2 11 (30.56%) Java Developer
3 4 (11.11%) C++ Developer
4 3 (8.33%) Analyst
4 3 (8.33%) C# Developer
4 3 (8.33%) FIX Analyst
4 3 (8.33%) Onboarding Analyst
5 1 (2.78%) Agile C# Developer
5 1 (2.78%) Agile Developer
5 1 (2.78%) Applications Engineer
5 1 (2.78%) Applications Support
5 1 (2.78%) Applications Support Engineer
5 1 (2.78%) Automation Developer
5 1 (2.78%) C++/C# Developer
5 1 (2.78%) FIX Support Analyst
5 1 (2.78%) Java Scala Developer
5 1 (2.78%) Scala Developer
5 1 (2.78%) Solaris Engineer
5 1 (2.78%) Support Analyst
5 1 (2.78%) Support Engineer
Libraries, Frameworks & Software Standards
1 6 (16.67%) FIX Protocol
2 2 (5.56%) .NET
3 1 (2.78%) Middleware
3 1 (2.78%) Rendezvous
3 1 (2.78%) Ultra Messaging
Miscellaneous
1 19 (52.78%) Foreign Exchange (FX)
2 14 (38.89%) Analytical Skills
3 13 (36.11%) Algorithms
3 13 (36.11%) Data Structures
4 12 (33.33%) Fixed Income
5 5 (13.89%) Equities
6 2 (5.56%) Derivative
7 1 (2.78%) Clustering
7 1 (2.78%) Computer Science
7 1 (2.78%) Equity Derivative
7 1 (2.78%) Fintech
7 1 (2.78%) Mathematics
Operating Systems
1 18 (50.00%) Linux
2 14 (38.89%) Unix
3 1 (2.78%) AIX
3 1 (2.78%) Red Hat Enterprise Linux
3 1 (2.78%) Solaris
3 1 (2.78%) SUSE
3 1 (2.78%) SUSE Linux Enterprise Server
3 1 (2.78%) Windows
Processes & Methodologies
1 29 (80.56%) Low Latency
2 16 (44.44%) Market Making
3 15 (41.67%) Multithreading
4 13 (36.11%) FX Algorithmic Trading
5 11 (30.56%) Agile Software Development
6 10 (27.78%) Analytics
7 9 (25.00%) OO
7 9 (25.00%) OOD
8 4 (11.11%) Electronic Trading
9 3 (8.33%) Stakeholder Engagement
10 2 (5.56%) Configuration Management
11 1 (2.78%) Automated Testing
11 1 (2.78%) Data Management
11 1 (2.78%) ITIL
11 1 (2.78%) Release Management
11 1 (2.78%) Scrum
11 1 (2.78%) Service Management
11 1 (2.78%) TDD
11 1 (2.78%) Unit Testing
11 1 (2.78%) User Acceptance Testing
Programming Languages
1 26 (72.22%) Java
2 17 (47.22%) C++
3 9 (25.00%) Shell Script
4 3 (8.33%) C#
4 3 (8.33%) Python
4 3 (8.33%) SQL
5 2 (5.56%) Perl
5 2 (5.56%) Scala
6 1 (2.78%) Bash Shell
6 1 (2.78%) Ruby
Qualifications
1 15 (41.67%) Degree
2 13 (36.11%) PhD
Quality Assurance & Compliance
1 1 (2.78%) QA
System Software
1 1 (2.78%) Veritas Cluster Server
Systems Management
1 1 (2.78%) Puppet
Vendors
1 2 (5.56%) Oracle
2 1 (2.78%) EMC
2 1 (2.78%) HP
2 1 (2.78%) Informatica
2 1 (2.78%) Sybase
2 1 (2.78%) TIBCO
2 1 (2.78%) Veritas
City, London
Hays Finance Technology
Rate: £550.00 - £600.00 per day
Posted: 13 hours ago