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 23 February 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
23 Feb 2017
Same period 2016 Same period 2015
Algo Trading
London / City of London
Rank 146 127 178
Rank change year-on-year
-19 +51
Contract jobs citing Algorithmic Trading 7 20 15
As % of all contract IT jobs located in the City of London 0.24% 0.63% 0.29%
As % of the Processes & Methodologies category 0.28% 0.72% 0.35%
Number of daily rates quoted 7 20 15
Median daily rate £725 £675 £600
Median daily rate % change year-on-year
+7.40% +12.50%
90% offered a daily rate of more than £400 £494 £415
10% offered a daily rate of more than £770 £725 £675
UK excluding London median daily rate £414 £600 £475
% change year-on-year
-31.04% +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
2497 2763 4322
As % of all contract IT jobs located in the City of London 84.90% 86.80% 82.86%
Number of daily rates quoted 1980 2193 3371
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 £340 £325 £313
10% offered a daily rate of more than £625 £625 £625
UK excluding London median daily rate £410 £400 £400
% change year-on-year
+2.50% -
Number of hourly rates quoted 15 28 33
Median hourly rate £21.75 £22.00 £22.69
Median hourly rate % change year-on-year
-1.13% -3.04%
90% offered a hourly rate of more than £13.50 £13.00 £13.40
10% offered a hourly rate of more than £80.00 £53.00 £45.50
UK excluding London median hourly rate £36.00 £40.00 £27.50
% change year-on-year
-10.00% +45.45%

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 23 February 2017.

Algorithmic Trading Daily Rate Histogram in the City of London

Algorithmic Trading
Top 30 Related IT Skills in the City of London

For the 6 months to 23 February 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 11 (61.11%) Banking
2 10 (55.56%) Low Latency
3 9 (50.00%) Java
3 9 (50.00%) Finance
4 8 (44.44%) Investment Banking
4 8 (44.44%) Unix
5 7 (38.89%) C++
5 7 (38.89%) Foreign Exchange (FX)
5 7 (38.89%) Equities
5 7 (38.89%) Multithreading
5 7 (38.89%) Electronic Trading
6 5 (27.78%) Data Management
6 5 (27.78%) Front Office
6 5 (27.78%) SQL
6 5 (27.78%) STL
6 5 (27.78%) Linux
6 5 (27.78%) Boost C++ Libraries
6 5 (27.78%) Algorithms
6 5 (27.78%) Fintech
7 4 (22.22%) High Availability
7 4 (22.22%) Risk Management
7 4 (22.22%) Fixed Income
8 3 (16.67%) Derivative
8 3 (16.67%) JIRA
8 3 (16.67%) Middleware
8 3 (16.67%) E-Commerce
8 3 (16.67%) N-Tier
8 3 (16.67%) Confluence
8 3 (16.67%) Solace
8 3 (16.67%) KDB

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 3 (16.67%) Confluence
Communications & Networking
1 1 (5.56%) Multicast
1 1 (5.56%) TCP/IP
Database & Business Intelligence
1 3 (16.67%) KDB
Development Applications
1 3 (16.67%) JIRA
General
1 11 (61.11%) Banking
2 9 (50.00%) Finance
3 8 (44.44%) Investment Banking
4 5 (27.78%) Front Office
5 2 (11.11%) Back Office
6 1 (5.56%) Advertising
Job Titles
1 10 (55.56%) Developer
2 6 (33.33%) C++ Developer
3 3 (16.67%) Electronic Trading C++ Developer
3 3 (16.67%) Electronic Trading Developer
3 3 (16.67%) Java Developer
3 3 (16.67%) Project Manager
3 3 (16.67%) Senior Developer
4 2 (11.11%) Applications Support
4 2 (11.11%) E-Commerce Developer
4 2 (11.11%) Investment Banking Project Manager
4 2 (11.11%) Low Latency C++ Developer
4 2 (11.11%) Senior Java Developer
5 1 (5.56%) IT Development Manager
5 1 (5.56%) IT Project Manager
5 1 (5.56%) JavaScript Developer
5 1 (5.56%) Lead Java Developer
5 1 (5.56%) Oracle Consultant
5 1 (5.56%) Senior C++ Developer
5 1 (5.56%) Solaris Consultant
5 1 (5.56%) Unix Developer
Libraries, Frameworks & Software Standards
1 5 (27.78%) Boost C++ Libraries
1 5 (27.78%) STL
2 3 (16.67%) Middleware
3 1 (5.56%) AngularJS
3 1 (5.56%) CSS
3 1 (5.56%) CSS3
3 1 (5.56%) FIX Protocol
3 1 (5.56%) HTML
3 1 (5.56%) HTML5
3 1 (5.56%) Node.js
Miscellaneous
1 7 (38.89%) Equities
1 7 (38.89%) Foreign Exchange (FX)
2 5 (27.78%) Algorithms
2 5 (27.78%) Fintech
3 4 (22.22%) Fixed Income
4 3 (16.67%) Derivative
4 3 (16.67%) N-Tier
5 2 (11.11%) Equity Derivative
6 1 (5.56%) Analytical Skills
6 1 (5.56%) Clustering
6 1 (5.56%) Computer Science
6 1 (5.56%) Data Structures
6 1 (5.56%) Field-Programmable Gate Array
6 1 (5.56%) TWAP
6 1 (5.56%) VWAP
Operating Systems
1 8 (44.44%) Unix
2 5 (27.78%) Linux
3 1 (5.56%) AIX
3 1 (5.56%) Red Hat Enterprise Linux
3 1 (5.56%) Solaris
3 1 (5.56%) SUSE
3 1 (5.56%) SUSE Linux Enterprise Server
Processes & Methodologies
1 10 (55.56%) Low Latency
2 7 (38.89%) Electronic Trading
2 7 (38.89%) Multithreading
3 5 (27.78%) Data Management
4 4 (22.22%) High Availability
4 4 (22.22%) Risk Management
5 3 (16.67%) E-Commerce
5 3 (16.67%) Flow Trading
6 2 (11.11%) Analytics
6 2 (11.11%) Concurrent Programming
6 2 (11.11%) High-Frequency Trading
6 2 (11.11%) Multithreaded Programming
6 2 (11.11%) Performance Tuning
7 1 (5.56%) BDD
7 1 (5.56%) Build Automation
7 1 (5.56%) Capacity Planning
7 1 (5.56%) Configuration Management
7 1 (5.56%) Process Management
7 1 (5.56%) Project Management
7 1 (5.56%) Service Management
Programming Languages
1 9 (50.00%) Java
2 7 (38.89%) C++
3 5 (27.78%) SQL
4 1 (5.56%) JavaScript
4 1 (5.56%) Perl
4 1 (5.56%) Ruby
4 1 (5.56%) Shell Script
Qualifications
1 2 (11.11%) Degree
Quality Assurance & Compliance
1 2 (11.11%) MiFID
System Software
1 1 (5.56%) Veritas Cluster Server
Systems Management
1 1 (5.56%) Puppet
Vendors
1 3 (16.67%) Solace
2 2 (11.11%) Cognizant
3 1 (5.56%) EMC
3 1 (5.56%) ION Trading
3 1 (5.56%) Oracle
3 1 (5.56%) Veritas
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