The table below looks at the statistics for Low Latency 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 Low Latency over the 3 months to 24 December 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
24 Dec 2014
Same period 2013 Same period 2012
Low Latency
Rank 83 111 114
Rank change year-on-year
+28 +3
Contract jobs citing Low Latency 127 96 87
As % of all contract IT jobs located in the City of London 2.27% 1.44% 1.45%
As % of the Processes & Methodologies category 2.92% 1.87% 1.92%
Number of daily rates quoted 118 79 76
Average daily rate
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£631 £625 £538
Average daily rate % change year-on-year
+1.00% +16.27%
90% offered a daily rate of more than £482 £495 £425
10% offered a daily rate of more than £683 £700 £650
UK excluding London average daily rate £450 £495 £450
% change year-on-year
-9.09% +10.00%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Low Latency
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
4349 5125 4535
As % of all contract IT jobs located in the City of London 77.80% 77.07% 75.62%
Number of daily rates quoted 3440 3769 3440
Average daily rate £450 £450 £450
90% offered a daily rate of more than £313 £300 £300
10% offered a daily rate of more than £625 £613 £608
UK excluding London average daily rate £388 £370 £365
% change year-on-year
+4.72% +1.36%
Number of hourly rates quoted 35 56 88
Average hourly rate £19.00 £23.50 £35.00
Average hourly rate % change year-on-year
-19.14% -32.85%
90% offered a hourly rate of more than £11.75 £13.50 £15.00
10% offered a hourly rate of more than £44.63 £52.82 £107.80
UK excluding London average hourly rate £25.00 £27.00 £30.00
% change year-on-year
-7.40% -10.00%

Low Latency
Jobs Demand Trend in the City of London

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

Low Latency Jobs Demand Trend in the City of London

Low Latency
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 Low Latency across the City of London region.

Low Latency Daily Rate Trend in the City of London

Low Latency
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Low Latency across the City of London region over the 3 months to 24 December 2014.

Low Latency Daily Rate Histogram in the City of London

Low Latency
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 Low Latency across the City of London region.

Low Latency Hourly Rate Trend in the City of London

Low Latency
Top 30 Related IT Skills in the City of London

For the 6 months to 24 December 2014, IT contractor jobs across the City of London region citing Low Latency 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 Low Latency.

1 162 (66.39%) Multithreading
2 153 (62.70%) Java
3 111 (45.49%) Foreign Exchange (FX)
4 106 (43.44%) Front Office
5 103 (42.21%) Banking
6 68 (27.87%) Finance
7 66 (27.05%) C++
8 64 (26.23%) Algorithmic Trading
9 60 (24.59%) C#
9 60 (24.59%) SQL
10 51 (20.90%) Linux
11 50 (20.49%) Fixed Income
11 50 (20.49%) Agile Software Development
12 43 (17.62%) Investment Banking
13 41 (16.80%) TDD
14 40 (16.39%) UNIX
15 38 (15.57%) E-Commerce
16 35 (14.34%) Spring
17 33 (13.52%) FIX Protocol
18 31 (12.70%) Oracle
18 31 (12.70%) Performance Tuning
19 27 (11.07%) Analytical Skills
19 27 (11.07%) TIBCO
20 26 (10.66%) VWAP
20 26 (10.66%) TWAP
21 25 (10.25%) .NET
22 23 (9.43%) Derivative
23 21 (8.61%) Ultra-Low Latency
24 19 (7.79%) Risk Management
24 19 (7.79%) Mathematics

Low Latency
Top Related IT Skills in the City of London by Category

For the 6 months to 24 December 2014, IT contractor jobs across the City of London region citing Low Latency 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 Low Latency. Up to 20 skills are shown per category.

Application Platforms
1 9 (3.69%) Oracle Coherence
2 7 (2.87%) TIBCO EMS
3 3 (1.23%) MQSeries
4 1 (0.41%) WebSphere
4 1 (0.41%) WebSphere Application Server
Business Applications
1 9 (3.69%) RMDS
2 6 (2.46%) ION MarketView
Cloud Services
1 2 (0.82%) Amazon EC2
1 2 (0.82%) Amazon AWS
Communications & Networking
1 15 (6.15%) TCP/IP
2 12 (4.92%) Multicast
3 10 (4.10%) BGP
3 10 (4.10%) Firewall
4 8 (3.28%) OSPF
4 8 (3.28%) Cisco Nexus
5 7 (2.87%) LAN
5 7 (2.87%) WAN
6 5 (2.05%) VPN
7 4 (1.64%) EIGRP
7 4 (1.64%) VRRP
7 4 (1.64%) VLAN
7 4 (1.64%) VPLS
7 4 (1.64%) HSRP
7 4 (1.64%) Cisco IOS
7 4 (1.64%) Network Security
8 3 (1.23%) MPLS
9 2 (0.82%) Wireshark
9 2 (0.82%) DNS
9 2 (0.82%) tcpdump
Database & Business Intelligence
1 19 (7.79%) KDB
2 17 (6.97%) SQL Server
3 10 (4.10%) Oracle Database
4 7 (2.87%) Relational Database
5 4 (1.64%) SQL Server 2008
5 4 (1.64%) Data Warehouse
6 3 (1.23%) SQL Server 2005
7 2 (0.82%) Oracle Database 11g
7 2 (0.82%) Oracle Reports
7 2 (0.82%) MongoDB
7 2 (0.82%) Amazon RDS
8 1 (0.41%) MySQL
8 1 (0.41%) OLAP
8 1 (0.41%) Oracle Database 10g
Development Applications
1 16 (6.56%) JUnit
2 14 (5.74%) Mockito
3 11 (4.51%) Maven
4 7 (2.87%) TeamCity
4 7 (2.87%) CruiseControl
5 2 (0.82%) Eclipse
5 2 (0.82%) NUnit
6 1 (0.41%) Subversion
6 1 (0.41%) WebDriver
6 1 (0.41%) Rhino Mocks
6 1 (0.41%) Grunt
6 1 (0.41%) VisualVM
6 1 (0.41%) Bower
6 1 (0.41%) YourKit
General
1 106 (43.44%) Front Office
2 103 (42.21%) Banking
3 68 (27.87%) Finance
4 43 (17.62%) Investment Banking
5 7 (2.87%) Telecoms
6 5 (2.05%) Financial Institution
6 5 (2.05%) Games
7 2 (0.82%) Back Office
8 1 (0.41%) Legal
8 1 (0.41%) Advertising
Job Titles
1 159 (65.16%) Developer
2 90 (36.89%) Java Developer
3 35 (14.34%) C++ Developer
4 20 (8.20%) Senior Developer
5 17 (6.97%) C# Developer
6 14 (5.74%) Architect
6 14 (5.74%) Senior Java Developer
7 12 (4.92%) Network Engineer
8 11 (4.51%) Software Engineer
9 7 (2.87%) Programmer
9 7 (2.87%) WPF Developer
10 6 (2.46%) Real Time Developer
11 5 (2.05%) UI Programmer
11 5 (2.05%) UI Developer
11 5 (2.05%) C# .NET Developer
11 5 (2.05%) .NET Developer
11 5 (2.05%) Quantitative Developer
12 4 (1.64%) Team Leader
12 4 (1.64%) Support Engineer
12 4 (1.64%) Technical Leader
Libraries, Frameworks & Software Standards
1 35 (14.34%) Spring
2 33 (13.52%) FIX Protocol
3 25 (10.25%) .NET
4 16 (6.56%) WPF
5 15 (6.15%) Hibernate
6 13 (5.33%) WCF
7 12 (4.92%) Middleware
7 12 (4.92%) JDBC
8 10 (4.10%) Web Services
9 9 (3.69%) J2EE
10 8 (3.28%) STL
11 7 (2.87%) Rendezvous
11 7 (2.87%) HTML
11 7 (2.87%) Spring MVC
12 6 (2.46%) XML
13 5 (2.05%) Boost C++ Libraries
13 5 (2.05%) Reactive Extensions
14 4 (1.64%) HTML5
14 4 (1.64%) LINQ
15 3 (1.23%) REST
Miscellaneous
1 111 (45.49%) Foreign Exchange (FX)
2 50 (20.49%) Fixed Income
3 27 (11.07%) Analytical Skills
4 26 (10.66%) TWAP
4 26 (10.66%) VWAP
5 23 (9.43%) Derivative
6 19 (7.79%) Mathematics
7 17 (6.97%) Algorithms
8 12 (4.92%) Equities
9 10 (4.10%) Computer Science
10 9 (3.69%) Physics
11 8 (3.28%) Data Structures
12 7 (2.87%) Market Risk
12 7 (2.87%) Spread Betting
13 6 (2.46%) N-Tier
14 5 (2.05%) Field-Programmable Gate Array
15 4 (1.64%) Credit Derivative
16 3 (1.23%) Open Source
17 2 (0.82%) Visualisation
17 2 (0.82%) Online Games
Operating Systems
1 51 (20.90%) Linux
2 40 (16.39%) UNIX
3 8 (3.28%) Windows
4 6 (2.46%) Solaris
5 3 (1.23%) Red Hat Enterprise Linux
6 1 (0.41%) SUSE Linux Enterprise Server
6 1 (0.41%) AIX
6 1 (0.41%) SUSE
Processes & Methodologies
1 162 (66.39%) Multithreading
2 64 (26.23%) Algorithmic Trading
3 50 (20.49%) Agile Software Development
4 41 (16.80%) TDD
5 38 (15.57%) E-Commerce
6 31 (12.70%) Performance Tuning
7 21 (8.61%) Ultra-Low Latency
8 19 (7.79%) Risk Management
9 18 (7.38%) OO
10 14 (5.74%) Electronic Trading
11 13 (5.33%) Software Engineering
12 11 (4.51%) Migration
12 11 (4.51%) Market Making
13 10 (4.10%) Analytics
13 10 (4.10%) Continuous Integration
14 9 (3.69%) Scrum
15 8 (3.28%) MVC
15 8 (3.28%) Unit Testing
15 8 (3.28%) BDD
16 7 (2.87%) Business Analysis
Programming Languages
1 153 (62.70%) Java
2 66 (27.05%) C++
3 60 (24.59%) C#
3 60 (24.59%) SQL
4 9 (3.69%) Python
5 8 (3.28%) Shell Script
6 7 (2.87%) VB
7 5 (2.05%) JavaScript
8 4 (1.64%) VBA
8 4 (1.64%) C
9 3 (1.23%) Perl
10 2 (0.82%) PL/SQL
11 1 (0.41%) XAML
11 1 (0.41%) Ruby
11 1 (0.41%) Scala
11 1 (0.41%) Bash Shell
Qualifications
1 16 (6.56%) Degree
2 8 (3.28%) Cisco Certification
3 6 (2.46%) CCIE
3 6 (2.46%) CCNP
4 5 (2.05%) PhD
Quality Assurance & Compliance
1 6 (2.46%) QA
System Software
1 2 (0.82%) Oracle RAC
2 1 (0.41%) Veritas Cluster Server
Systems Management
1 2 (0.82%) Nagios
2 1 (0.41%) HP Operations Orchestration
2 1 (0.41%) Puppet
2 1 (0.41%) Opscode Chef
Vendors
1 31 (12.70%) Oracle
2 27 (11.07%) TIBCO
3 17 (6.97%) Sybase
4 13 (5.33%) ION Trading
5 11 (4.51%) Cisco
6 10 (4.10%) Juniper
7 9 (3.69%) 29West
8 8 (3.28%) Microsoft
9 7 (2.87%) F5
10 6 (2.46%) CheckPoint
11 4 (1.64%) Blue Coat
11 4 (1.64%) Cognizant
12 3 (1.23%) Citrix
13 2 (0.82%) Red Hat
13 2 (0.82%) VMware
13 2 (0.82%) Murex
13 2 (0.82%) Fortinet
13 2 (0.82%) New Relic
14 1 (0.41%) DataSynapse
14 1 (0.41%) HP
City, London
Cadence Resourcing
Rate: £300 - £325 per day
Posted: 3 days ago
City, London
Cadence Resourcing
Rate: £400 - £425 per day
Posted: 3 days ago
City, London
TEKsystems
Rate: £500 - £575 per day
Posted: 5 days ago
City, London
TEKsystems
Rate: £550 - £625 per day
Posted: 5 days ago