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 November 2014 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 Nov 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 168 200 182
Rank change year-on-year
+32 -18
Contract jobs citing Algorithmic Trading 34 21 16
As % of all contract IT jobs located in the City of London 0.59% 0.30% 0.25%
As % of the Processes & Methodologies category 0.76% 0.39% 0.33%
Number of daily rates quoted 34 19 11
Average daily rate
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£650 £550 £550
Average daily rate % change year-on-year
+18.18% -
90% offered a daily rate of more than £618 £525 £538
10% offered a daily rate of more than £700 £680 £750
UK excluding London average daily rate - - -
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
4484 5359 4800
As % of all contract IT jobs located in the City of London 77.67% 76.83% 75.47%
Number of daily rates quoted 3507 3969 3622
Average daily rate £450 £450 £450
90% offered a daily rate of more than £310 £313 £300
10% offered a daily rate of more than £625 £613 £600
UK excluding London average daily rate £388 £363 £370
% change year-on-year
+6.89% -2.02%
Number of hourly rates quoted 46 69 80
Average hourly rate £18.00 £21.50 £27.00
Average hourly rate % change year-on-year
-16.27% -20.37%
90% offered a hourly rate of more than £11.10 £11.50 £15.00
10% offered a hourly rate of more than £39.80 £45.00 £53.38
UK excluding London average hourly rate £25.00 £27.50 £30.00
% change year-on-year
-9.09% -8.33%

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 November 2014.

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 November 2014, 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 65 (86.67%) Low Latency
2 58 (77.33%) Java
3 56 (74.67%) Multithreading
4 53 (70.67%) Foreign Exchange (FX)
5 37 (49.33%) Banking
6 31 (41.33%) Performance Tuning
7 30 (40.00%) TWAP
7 30 (40.00%) VWAP
8 26 (34.67%) SQL
9 22 (29.33%) Front Office
10 19 (25.33%) Finance
11 17 (22.67%) Linux
12 16 (21.33%) Algorithms
13 12 (16.00%) Analytical Skills
13 12 (16.00%) FIX Protocol
13 12 (16.00%) Mathematics
14 11 (14.67%) Investment Banking
14 11 (14.67%) C++
15 10 (13.33%) UNIX
15 10 (13.33%) Equities
15 10 (13.33%) KDB
16 9 (12.00%) Agile Software Development
16 9 (12.00%) C#
17 8 (10.67%) E-Commerce
17 8 (10.67%) TCP/IP
17 8 (10.67%) Multicast
18 7 (9.33%) WPF
19 6 (8.00%) Degree
19 6 (8.00%) Electronic Trading
19 6 (8.00%) Market Making

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

For the 6 months to 27 November 2014, 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 (1.33%) Oracle Coherence
Applications
1 2 (2.67%) MS Office
Communications & Networking
1 8 (10.67%) TCP/IP
1 8 (10.67%) Multicast
Database & Business Intelligence
1 10 (13.33%) KDB
2 2 (2.67%) Relational Database
Development Applications
1 2 (2.67%) Eclipse
2 1 (1.33%) JUnit
General
1 37 (49.33%) Banking
2 22 (29.33%) Front Office
3 19 (25.33%) Finance
4 11 (14.67%) Investment Banking
5 3 (4.00%) Financial Institution
6 1 (1.33%) Law
6 1 (1.33%) Games
Job Titles
1 42 (56.00%) Developer
2 29 (38.67%) Java Developer
3 5 (6.67%) WPF Developer
3 5 (6.67%) C++ Developer
3 5 (6.67%) Senior Developer
4 3 (4.00%) Quantitative Developer
4 3 (4.00%) Senior Java Developer
4 3 (4.00%) Analyst
5 2 (2.67%) Business Analyst
5 2 (2.67%) Lead Developer
5 2 (2.67%) Lead Java Developer
5 2 (2.67%) Senior WPF Developer
6 1 (1.33%) FIX Analyst
6 1 (1.33%) E-Commerce Specialist
6 1 (1.33%) Infrastructure Engineer
6 1 (1.33%) C# Developer
6 1 (1.33%) Support Analyst
Libraries, Frameworks & Software Standards
1 12 (16.00%) FIX Protocol
2 7 (9.33%) WPF
3 4 (5.33%) LINQ
4 3 (4.00%) Reactive Extensions
5 2 (2.67%) Middleware
6 1 (1.33%) WinForms
6 1 (1.33%) .NET
6 1 (1.33%) J2SE
6 1 (1.33%) STL
Miscellaneous
1 53 (70.67%) Foreign Exchange (FX)
2 30 (40.00%) TWAP
2 30 (40.00%) VWAP
3 16 (21.33%) Algorithms
4 12 (16.00%) Analytical Skills
4 12 (16.00%) Mathematics
5 10 (13.33%) Equities
6 5 (6.67%) Data Structures
7 4 (5.33%) Derivative
7 4 (5.33%) Physics
8 3 (4.00%) Fixed Income
9 2 (2.67%) Visualisation
10 1 (1.33%) Computer Science
10 1 (1.33%) Credit Derivative
Operating Systems
1 17 (22.67%) Linux
2 10 (13.33%) UNIX
3 3 (4.00%) Windows
Processes & Methodologies
1 65 (86.67%) Low Latency
2 56 (74.67%) Multithreading
3 31 (41.33%) Performance Tuning
4 9 (12.00%) Agile Software Development
5 8 (10.67%) E-Commerce
6 6 (8.00%) Electronic Trading
6 6 (8.00%) Market Making
7 3 (4.00%) Risk Management
8 2 (2.67%) OO
8 2 (2.67%) Problem Management
8 2 (2.67%) Complex Event Processing
9 1 (1.33%) Analytics
9 1 (1.33%) Ultra-Low Latency
9 1 (1.33%) Capacity Planning
9 1 (1.33%) MVVM
9 1 (1.33%) Stakeholder Engagement
9 1 (1.33%) Business Analysis
Programming Languages
1 58 (77.33%) Java
2 26 (34.67%) SQL
3 11 (14.67%) C++
4 9 (12.00%) C#
5 2 (2.67%) Perl
5 2 (2.67%) AWK
5 2 (2.67%) C-shell
6 1 (1.33%) XAML
6 1 (1.33%) Shell Script
Qualifications
1 6 (8.00%) Degree
2 5 (6.67%) PhD
Vendors
1 1 (1.33%) Oracle