The table below looks at the statistics for Electronic 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 Electronic Trading over the 3 months to 29 April 2016 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.

3 months to
29 Apr 2016
Same period 2015 Same period 2014
Electronic Trading (eTrading)
Rank 122 131 156
Rank change year-on-year
+9 +25
Contract jobs citing Electronic Trading 35 69 62
As % of all contract IT jobs located in the City of London 1.00% 1.26% 1.00%
As % of the Processes & Methodologies category 1.18% 1.56% 1.25%
Number of daily rates quoted 32 62 58
Average daily rate £575 £600 £600
Average daily rate % change year-on-year
-4.16% -
90% offered a daily rate of more than £489 £490 £500
10% offered a daily rate of more than £718 £675 £675
UK excluding London average daily rate £450 £450 £400
% change year-on-year
- +12.50%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Electronic 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
2957 4410 4960
As % of all contract IT jobs located in the City of London 84.70% 80.65% 79.78%
Number of daily rates quoted 2396 3433 3638
Average daily rate £475 £463 £450
Average daily rate % change year-on-year
+2.70% +2.77%
90% offered a daily rate of more than £330 £320 £300
10% offered a daily rate of more than £625 £601 £625
UK excluding London average daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 26 39 47
Average hourly rate £19.00 £27.37 £24.00
Average hourly rate % change year-on-year
-30.58% +14.04%
90% offered a hourly rate of more than £16.75 £14.55 £12.95
10% offered a hourly rate of more than £41.26 £92.50 £47.50
UK excluding London average hourly rate £36.00 £30.50 £31.50
% change year-on-year
+18.03% -3.17%

Electronic Trading
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Electronic Trading across the City of London region as a proportion of the total demand within the Processes & Methodologies category.

Electronic Trading Jobs Demand Trend in the City of London

Electronic 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 Electronic Trading across the City of London region.

Electronic Trading Daily Rate Trend in the City of London

Electronic Trading
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Electronic Trading across the City of London region over the 3 months to 29 April 2016.

Electronic Trading Daily Rate Histogram in the City of London

Electronic 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 Electronic Trading across the City of London region.

Electronic Trading Hourly Rate Trend in the City of London

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

For the 6 months to 29 April 2016, IT contractor jobs across the City of London region citing Electronic 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 Electronic Trading.

1 47 (55.95%) Front Office
2 38 (45.24%) Multithreading
3 34 (40.48%) Finance
3 34 (40.48%) Banking
4 31 (36.90%) Java
4 31 (36.90%) Low Latency
5 30 (35.71%) Unix
5 30 (35.71%) Investment Banking
6 27 (32.14%) C++
7 26 (30.95%) Linux
7 26 (30.95%) Foreign Exchange (FX)
8 24 (28.57%) SQL
9 22 (26.19%) Equities
10 21 (25.00%) Fixed Income
11 15 (17.86%) SDLC
12 14 (16.67%) Risk Management
12 14 (16.67%) Agile Software Development
13 12 (14.29%) ION Trading
14 11 (13.10%) C#
14 11 (13.10%) FIX Protocol
14 11 (13.10%) Analytical Skills
15 10 (11.90%) Derivative
16 9 (10.71%) TCP/IP
16 9 (10.71%) ION MarketView
17 8 (9.52%) WPF
17 8 (9.52%) Relational Database
17 8 (9.52%) RDBMS
17 8 (9.52%) Project Management
18 7 (8.33%) Migration
18 7 (8.33%) C

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

For the 6 months to 29 April 2016, IT contractor jobs across the City of London region citing Electronic 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 Electronic Trading. Up to 20 skills are shown per category.

Application Platforms
1 1 (1.19%) Apache
1 1 (1.19%) JBoss
1 1 (1.19%) MQSeries
1 1 (1.19%) Oracle Coherence
1 1 (1.19%) Tomcat
Business Applications
1 9 (10.71%) ION MarketView
2 3 (3.57%) RMDS
3 2 (2.38%) Summit
4 1 (1.19%) Eikon
Communications & Networking
1 9 (10.71%) TCP/IP
2 1 (1.19%) Firewall
Database & Business Intelligence
1 8 (9.52%) RDBMS
1 8 (9.52%) Relational Database
2 3 (3.57%) SQL Server
3 2 (2.38%) KDB
3 2 (2.38%) OLAP
3 2 (2.38%) Tick Data
Development Applications
1 1 (1.19%) Emacs
1 1 (1.19%) JIRA
General
1 47 (55.95%) Front Office
2 34 (40.48%) Banking
2 34 (40.48%) Finance
3 30 (35.71%) Investment Banking
4 3 (3.57%) Telecoms
5 2 (2.38%) Back Office
6 1 (1.19%) Financial Institution
6 1 (1.19%) Retail
6 1 (1.19%) Retail Banking
Job Titles
1 56 (66.67%) Developer
2 25 (29.76%) Java Developer
3 22 (26.19%) C++ Developer
4 15 (17.86%) Front Office Developer
5 12 (14.29%) Analyst
6 10 (11.90%) Business Analyst
7 8 (9.52%) Project Manager
7 8 (9.52%) Senior Developer
8 7 (8.33%) Investment Banking Java Developer
9 6 (7.14%) C# Developer
9 6 (7.14%) Electronic Trading Business Analyst
10 5 (5.95%) C++ Quantitative Developer
10 5 (5.95%) Electronic Trading Developer
10 5 (5.95%) Electronic Trading Project Manager
10 5 (5.95%) Quantitative Developer
10 5 (5.95%) Senior Java Developer
11 4 (4.76%) Software Engineer
11 4 (4.76%) WPF Developer
12 3 (3.57%) C# Software Engineer
12 3 (3.57%) Electronic Trading C++ Developer
Libraries, Frameworks & Software Standards
1 11 (13.10%) FIX Protocol
2 8 (9.52%) WPF
3 3 (3.57%) .NET
3 3 (3.57%) Rendezvous
3 3 (3.57%) XML
4 2 (2.38%) Boost C++ Libraries
4 2 (2.38%) HTML
4 2 (2.38%) Middleware
4 2 (2.38%) STL
4 2 (2.38%) TIBCO EMS
4 2 (2.38%) XSD
4 2 (2.38%) XSLT
5 1 (1.19%) .NET Framework
5 1 (1.19%) Apache Camel
5 1 (1.19%) FIXML
5 1 (1.19%) Java EE
5 1 (1.19%) LINQ
5 1 (1.19%) POJO
5 1 (1.19%) Reactive Extensions
5 1 (1.19%) Ultra Messaging
Miscellaneous
1 26 (30.95%) Foreign Exchange (FX)
2 22 (26.19%) Equities
3 21 (25.00%) Fixed Income
4 11 (13.10%) Analytical Skills
5 10 (11.90%) Derivative
6 7 (8.33%) Interest Rate Derivative
7 3 (3.57%) Data Centre
7 3 (3.57%) Mathematics
8 2 (2.38%) Computer Science
8 2 (2.38%) User Experience
9 1 (1.19%) Algorithms
9 1 (1.19%) Equity Derivative
9 1 (1.19%) Fintech
9 1 (1.19%) Inversion of Control
9 1 (1.19%) Market Risk
9 1 (1.19%) Online Banking
9 1 (1.19%) Physics
9 1 (1.19%) SWIFT
Operating Systems
1 30 (35.71%) Unix
2 26 (30.95%) Linux
3 2 (2.38%) Windows
3 2 (2.38%) Windows Server
4 1 (1.19%) Red Hat Enterprise Linux
4 1 (1.19%) Solaris
Processes & Methodologies
1 38 (45.24%) Multithreading
2 31 (36.90%) Low Latency
3 15 (17.86%) SDLC
4 14 (16.67%) Agile Software Development
4 14 (16.67%) Risk Management
5 8 (9.52%) Project Management
6 7 (8.33%) Migration
6 7 (8.33%) Software Engineering
7 6 (7.14%) Business Analysis
7 6 (7.14%) Concurrent Programming
8 5 (5.95%) TDD
9 4 (4.76%) Algorithmic Trading
10 2 (2.38%) Analytics
10 2 (2.38%) Change Management
10 2 (2.38%) High Availability
10 2 (2.38%) MVVM
10 2 (2.38%) Open Source
10 2 (2.38%) Stakeholder Management
10 2 (2.38%) Technical Architecture
10 2 (2.38%) Ultra-Low Latency
Programming Languages
1 31 (36.90%) Java
2 27 (32.14%) C++
3 24 (28.57%) SQL
4 11 (13.10%) C#
5 7 (8.33%) C
6 5 (5.95%) VBA
7 2 (2.38%) Bash Shell
7 2 (2.38%) JavaScript
7 2 (2.38%) Perl
7 2 (2.38%) Python
8 1 (1.19%) Shell Script
8 1 (1.19%) XAML
Qualifications
1 2 (2.38%) Degree
1 2 (2.38%) PhD
Quality Assurance & Compliance
1 4 (4.76%) MiFID
2 2 (2.38%) EMIR
3 1 (1.19%) QA
Vendors
1 12 (14.29%) ION Trading
2 4 (4.76%) Oracle
2 4 (4.76%) TIBCO
3 3 (3.57%) Calypso
3 3 (3.57%) Microsoft
3 3 (3.57%) Murex
4 2 (2.38%) Fidessa
5 1 (1.19%) Bloomberg
5 1 (1.19%) HP
5 1 (1.19%) Red Hat
5 1 (1.19%) Reuters
5 1 (1.19%) ServiceNow
5 1 (1.19%) SunGard
5 1 (1.19%) Trayport