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 20 January 2017 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
20 Jan 2017
Same period 2016 Same period 2015
Algo Trading
London / City of London
Rank 146 126 171
Rank change year-on-year
-20 +45
Contract jobs citing Algorithmic Trading 8 25 20
As % of all contract IT jobs located in the City of London 0.27% 0.81% 0.39%
As % of the Processes & Methodologies category 0.32% 0.96% 0.48%
Number of daily rates quoted 8 24 20
Median daily rate £725 £650 £650
Median daily rate % change year-on-year
+11.53% -
90% offered a daily rate of more than £685 £573 £449
10% offered a daily rate of more than £765 £753 £680
UK excluding London median daily rate - £600 £475
% change year-on-year
- +26.31%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
2536 2610 4196
As % of all contract IT jobs located in the City of London 86.11% 84.96% 81.73%
Number of daily rates quoted 2017 2057 3300
Median daily rate £500 £475 £450
Median daily rate % change year-on-year
+5.26% +5.55%
90% offered a daily rate of more than £360 £320 £320
10% offered a daily rate of more than £650 £625 £625
UK excluding London median daily rate £405 £400 £390
% change year-on-year
+1.25% +2.56%
Number of hourly rates quoted 14 25 35
Median hourly rate £50.75 £35.60 £20.45
Median hourly rate % change year-on-year
+42.57% +74.10%
90% offered a hourly rate of more than £15.99 £18.85 £13.50
10% offered a hourly rate of more than £55.00 £53.00 £45.50
UK excluding London median hourly rate £35.00 £40.00 £26.00
% change year-on-year
-12.50% +53.84%

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
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 20 January 2017.

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 20 January 2017, 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 16 (66.67%) Low Latency
2 14 (58.33%) Banking
3 13 (54.17%) Foreign Exchange (FX)
3 13 (54.17%) Electronic Trading
4 12 (50.00%) Unix
5 10 (41.67%) Java
5 10 (41.67%) Investment Banking
5 10 (41.67%) Multithreading
6 9 (37.50%) Front Office
6 9 (37.50%) Finance
7 7 (29.17%) C++
7 7 (29.17%) SQL
8 6 (25.00%) JavaScript
8 6 (25.00%) Linux
8 6 (25.00%) Equities
8 6 (25.00%) AngularJS
9 5 (20.83%) Algorithms
9 5 (20.83%) Boost C++ Libraries
9 5 (20.83%) HTML5
9 5 (20.83%) Derivative
9 5 (20.83%) HTML
9 5 (20.83%) STL
10 4 (16.67%) E-Commerce
10 4 (16.67%) Middleware
10 4 (16.67%) Equity Derivative
10 4 (16.67%) Data Management
10 4 (16.67%) Fixed Income
10 4 (16.67%) Back Office
10 4 (16.67%) Risk Management
10 4 (16.67%) High Availability

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:

Communications & Networking
1 1 (4.17%) Internet
1 1 (4.17%) Multicast
1 1 (4.17%) TCP/IP
Database & Business Intelligence
1 3 (12.50%) KDB
2 1 (4.17%) SQL Server
General
1 14 (58.33%) Banking
2 10 (41.67%) Investment Banking
3 9 (37.50%) Finance
3 9 (37.50%) Front Office
4 4 (16.67%) Back Office
5 1 (4.17%) Advertising
Job Titles
1 15 (62.50%) Developer
2 6 (25.00%) C++ Developer
2 6 (25.00%) Java Developer
3 4 (16.67%) Applications Support
4 3 (12.50%) E-Commerce Developer
4 3 (12.50%) Electronic Trading C++ Developer
4 3 (12.50%) Electronic Trading Developer
4 3 (12.50%) Java Swing Developer
4 3 (12.50%) JavaScript Developer
4 3 (12.50%) Senior Developer
5 2 (8.33%) HTML Developer
5 2 (8.33%) Low Latency C++ Developer
5 2 (8.33%) Senior Java Developer
6 1 (4.17%) Analyst
6 1 (4.17%) Junior Analyst
6 1 (4.17%) Lead Developer
6 1 (4.17%) Lead Java Developer
6 1 (4.17%) Oracle Consultant
6 1 (4.17%) Senior C++ Developer
6 1 (4.17%) Support Analyst
Libraries, Frameworks & Software Standards
1 6 (25.00%) AngularJS
2 5 (20.83%) Boost C++ Libraries
2 5 (20.83%) HTML
2 5 (20.83%) HTML5
2 5 (20.83%) STL
3 4 (16.67%) Middleware
4 3 (12.50%) Node.js
4 3 (12.50%) Swing
5 2 (8.33%) CSS
5 2 (8.33%) CSS3
5 2 (8.33%) JavaFX
6 1 (4.17%) FIX Protocol
Miscellaneous
1 13 (54.17%) Foreign Exchange (FX)
2 6 (25.00%) Equities
3 5 (20.83%) Algorithms
3 5 (20.83%) Derivative
4 4 (16.67%) Equity Derivative
4 4 (16.67%) Fintech
4 4 (16.67%) Fixed Income
5 3 (12.50%) N-Tier
6 2 (8.33%) Clustering
6 2 (8.33%) Computer Science
7 1 (4.17%) Analytical Skills
7 1 (4.17%) Data Structures
7 1 (4.17%) Field-Programmable Gate Array
7 1 (4.17%) TWAP
7 1 (4.17%) VWAP
Operating Systems
1 12 (50.00%) Unix
2 6 (25.00%) Linux
3 2 (8.33%) AIX
3 2 (8.33%) Red Hat Enterprise Linux
3 2 (8.33%) Solaris
3 2 (8.33%) SUSE
3 2 (8.33%) SUSE Linux Enterprise Server
4 1 (4.17%) Windows
Processes & Methodologies
1 16 (66.67%) Low Latency
2 13 (54.17%) Electronic Trading
3 10 (41.67%) Multithreading
4 4 (16.67%) Data Management
4 4 (16.67%) E-Commerce
4 4 (16.67%) High Availability
4 4 (16.67%) Risk Management
5 3 (12.50%) High-Frequency Trading
6 2 (8.33%) Analytics
6 2 (8.33%) Build Automation
6 2 (8.33%) Concurrent Programming
6 2 (8.33%) Configuration Management
6 2 (8.33%) ITIL
6 2 (8.33%) ITSM
6 2 (8.33%) Multithreaded Programming
6 2 (8.33%) Performance Tuning
6 2 (8.33%) Service Management
7 1 (4.17%) Agile Software Development
7 1 (4.17%) Process Management
7 1 (4.17%) Scrum
Programming Languages
1 10 (41.67%) Java
2 7 (29.17%) C++
2 7 (29.17%) SQL
3 6 (25.00%) JavaScript
4 2 (8.33%) Perl
4 2 (8.33%) Ruby
5 1 (4.17%) Shell Script
Qualifications
1 3 (12.50%) Degree
Quality Assurance & Compliance
1 2 (8.33%) MiFID
System Software
1 2 (8.33%) Veritas Cluster Server
Systems Management
1 2 (8.33%) Puppet
Vendors
1 3 (12.50%) Oracle
1 3 (12.50%) Solace
2 2 (8.33%) Cognizant
2 2 (8.33%) EMC
2 2 (8.33%) Veritas
3 1 (4.17%) Currenex
3 1 (4.17%) FXall
3 1 (4.17%) ION Trading
3 1 (4.17%) Reuters
City, London
Hatstand Limited
Rate: £350 - £450 per annum
Posted: 4 hours ago
City, London
Harrington Starr
Rate: £550 - £650 per day
Posted: 4 hours ago
City, London
Hatstand Limited
Rate: £400 - £500 per day
Posted: 3 hours ago