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 12 February 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.

Location
3 months to
12 Feb 2016
Same period 2015 Same period 2014
Low Latency
Rank 86 82 118
Rank change year-on-year
-4 +36
Contract jobs citing Low Latency 69 117 90
As % of all contract IT jobs located in the City of London 2.19% 2.28% 1.51%
As % of the Processes & Methodologies category 2.61% 2.81% 1.90%
Number of daily rates quoted 61 108 77
Average daily rate £625 £564 £625
Average daily rate % change year-on-year
+10.86% -9.80%
90% offered a daily rate of more than £525 £405 £525
10% offered a daily rate of more than £700 £650 £800
UK excluding London average daily rate £500 £425 £400
% change year-on-year
+17.64% +6.25%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £40.00 - -
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
2644 4159 4730
As % of all contract IT jobs located in the City of London 84.04% 80.90% 79.44%
Number of daily rates quoted 2091 3247 3422
Average daily rate £488 £450 £450
Average daily rate % change year-on-year
+8.33% -
90% offered a daily rate of more than £325 £318 £293
10% offered a daily rate of more than £625 £613 £625
UK excluding London average daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 30 36 51
Average hourly rate £24.00 £23.10 £27.25
Average hourly rate % change year-on-year
+3.91% -15.24%
90% offered a hourly rate of more than £13.00 £12.50 £16.50
10% offered a hourly rate of more than £53.00 £45.50 £77.50
UK excluding London average hourly rate £40.00 £27.50 £27.50
% change year-on-year
+45.45% -

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 12 February 2016.

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 12 February 2016, 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.

1 102 (68.46%) Java
2 68 (45.64%) Finance
3 64 (42.95%) Multithreading
4 53 (35.57%) Algorithmic Trading
5 49 (32.89%) Front Office
6 47 (31.54%) Linux
7 46 (30.87%) C++
7 46 (30.87%) Banking
8 45 (30.20%) Foreign Exchange (FX)
9 35 (23.49%) Unix
9 35 (23.49%) KDB
9 35 (23.49%) Software Engineering
10 31 (20.81%) Electronic Trading
11 28 (18.79%) Equities
12 26 (17.45%) Investment Banking
13 25 (16.78%) Algorithms
14 23 (15.44%) Solaris
14 23 (15.44%) Open Source
15 20 (13.42%) Scala
16 19 (12.75%) VTune
16 19 (12.75%) NoSQL
16 19 (12.75%) Apache ZooKeeper
16 19 (12.75%) TCP/IP
17 18 (12.08%) Data Structures
18 16 (10.74%) Spring
19 15 (10.07%) Fixed Income
19 15 (10.07%) Degree
20 14 (9.40%) Computer Science
20 14 (9.40%) Analytical Skills
20 14 (9.40%) C

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

For the 6 months to 12 February 2016, 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 5 (3.36%) Apache
1 5 (3.36%) Oracle Coherence
2 1 (0.67%) Apache Spark
2 1 (0.67%) CMS
2 1 (0.67%) JBoss
2 1 (0.67%) Tomcat
2 1 (0.67%) WebSphere
Business Applications
1 6 (4.03%) ION MarketView
1 6 (4.03%) RMDS
2 2 (1.34%) MetaTrader
Communications & Networking
1 19 (12.75%) TCP/IP
2 5 (3.36%) Multicast
3 4 (2.68%) SSH
4 3 (2.01%) BGP
4 3 (2.01%) EIGRP
4 3 (2.01%) F5 BIG-IP LTM
4 3 (2.01%) Firewall
4 3 (2.01%) HTTP
4 3 (2.01%) OSPF
5 2 (1.34%) Cisco Nexus
5 2 (1.34%) DHCP
5 2 (1.34%) DNS
5 2 (1.34%) F5 BIG-IP GTM
5 2 (1.34%) HSRP
5 2 (1.34%) IPsec
5 2 (1.34%) Spanning Tree
5 2 (1.34%) SSL
5 2 (1.34%) Unicast
5 2 (1.34%) VRRP
6 1 (0.67%) AMQP
Database & Business Intelligence
1 35 (23.49%) KDB
2 19 (12.75%) NoSQL
3 4 (2.68%) MySQL
4 2 (1.34%) OLAP
4 2 (1.34%) Oracle Database
4 2 (1.34%) SQL Server
5 1 (0.67%) Data Warehouse
5 1 (0.67%) Hadoop
5 1 (0.67%) Microsoft Analysis Services
5 1 (0.67%) SQL Server Analysis Services
5 1 (0.67%) SQL Server Integration Services
5 1 (0.67%) SQL Server Reporting Services
Development Applications
1 19 (12.75%) VTune
2 4 (2.68%) JUnit
3 2 (1.34%) Git (software)
3 2 (1.34%) Jenkins
3 2 (1.34%) JIRA
3 2 (1.34%) Maven
3 2 (1.34%) Subversion
4 1 (0.67%) Emacs
General
1 68 (45.64%) Finance
2 49 (32.89%) Front Office
3 46 (30.87%) Banking
4 26 (17.45%) Investment Banking
5 4 (2.68%) Financial Institution
6 3 (2.01%) Legal
6 3 (2.01%) Retail
7 1 (0.67%) Marketing
7 1 (0.67%) Retail Banking
Job Titles
1 97 (65.10%) Developer
2 52 (34.90%) Java Developer
3 28 (18.79%) Java Engineer
3 28 (18.79%) Software Engineer
4 26 (17.45%) Java Software Engineer
4 26 (17.45%) Senior Developer
5 25 (16.78%) Senior Java Developer
6 23 (15.44%) C++ Developer
7 6 (4.03%) Analyst
7 6 (4.03%) Front Office Developer
8 4 (2.68%) Electronic Trading Developer
8 4 (2.68%) Linux Specialist
8 4 (2.68%) Market Data Developer
8 4 (2.68%) Network Engineer
8 4 (2.68%) Senior Analyst
9 3 (2.01%) AWS Developer
9 3 (2.01%) Electronic Trading C++ Developer
9 3 (2.01%) Linux Engineer
10 2 (1.34%) FX Support Analyst
10 2 (1.34%) WPF Developer
Libraries, Frameworks & Software Standards
1 16 (10.74%) Spring
2 12 (8.05%) FIX Protocol
3 8 (5.37%) Middleware
4 7 (4.70%) Boost C++ Libraries
4 7 (4.70%) Hibernate
4 7 (4.70%) STL
5 6 (4.03%) J2SE
6 5 (3.36%) J2EE
6 5 (3.36%) REST
6 5 (3.36%) Web Services
7 4 (2.68%) JMS
8 3 (2.01%) XML
9 2 (1.34%) .NET
9 2 (1.34%) HTML
9 2 (1.34%) HTML5
9 2 (1.34%) JDBC
9 2 (1.34%) JMX
9 2 (1.34%) Ultra Messaging
9 2 (1.34%) XSD
9 2 (1.34%) XSLT
Miscellaneous
1 45 (30.20%) Foreign Exchange (FX)
2 28 (18.79%) Equities
3 25 (16.78%) Algorithms
4 18 (12.08%) Data Structures
5 15 (10.07%) Fixed Income
6 14 (9.40%) Analytical Skills
6 14 (9.40%) Computer Science
7 8 (5.37%) Fintech
8 5 (3.36%) Derivative
9 4 (2.68%) Mobile Computing
10 3 (2.01%) Reference Data
11 2 (1.34%) Credit Risk
11 2 (1.34%) Hedge funds
11 2 (1.34%) Mathematics
11 2 (1.34%) Physics
12 1 (0.67%) Equity Derivative
12 1 (0.67%) Field-Programmable Gate Array
12 1 (0.67%) Management Information System
12 1 (0.67%) Market Risk
12 1 (0.67%) Online Banking
Operating Systems
1 47 (31.54%) Linux
2 35 (23.49%) Unix
3 23 (15.44%) Solaris
4 8 (5.37%) Red Hat Enterprise Linux
5 5 (3.36%) Windows
6 2 (1.34%) SUSE
6 2 (1.34%) SUSE Linux Enterprise Server
Processes & Methodologies
1 64 (42.95%) Multithreading
2 53 (35.57%) Algorithmic Trading
3 35 (23.49%) Software Engineering
4 31 (20.81%) Electronic Trading
5 23 (15.44%) Open Source
6 13 (8.72%) Agile Software Development
6 13 (8.72%) Market Making
7 11 (7.38%) FX Algorithmic Trading
8 10 (6.71%) Concurrent Programming
8 10 (6.71%) OO
8 10 (6.71%) Risk Management
8 10 (6.71%) TDD
9 8 (5.37%) Data Management
9 8 (5.37%) E-Commerce
10 7 (4.70%) Configuration Management
11 6 (4.03%) High Availability
11 6 (4.03%) Ultra-Low Latency
12 5 (3.36%) Business Analysis
12 5 (3.36%) Scrum
13 4 (2.68%) Service Management
Programming Languages
1 102 (68.46%) Java
2 46 (30.87%) C++
3 20 (13.42%) Scala
4 14 (9.40%) C
5 12 (8.05%) Python
6 11 (7.38%) Bash Shell
7 9 (6.04%) SQL
8 6 (4.03%) Perl
9 4 (2.68%) C#
9 4 (2.68%) Shell Script
10 3 (2.01%) PHP
10 3 (2.01%) Ruby
11 2 (1.34%) JavaScript
12 1 (0.67%) Go
12 1 (0.67%) Groovy
12 1 (0.67%) R
Qualifications
1 15 (10.07%) Degree
2 11 (7.38%) PhD
3 4 (2.68%) RHCE
3 4 (2.68%) RHCSA
4 3 (2.01%) Cisco Certification
5 2 (1.34%) CCIE
6 1 (0.67%) CCNP
Quality Assurance & Compliance
1 3 (2.01%) QA
System Software
1 19 (12.75%) Apache ZooKeeper
2 5 (3.36%) VMware Infrastructure
3 4 (2.68%) Squid
4 2 (1.34%) NFS
5 1 (0.67%) Docker
Systems Management
1 5 (3.36%) Puppet
2 4 (2.68%) Ansible
2 4 (2.68%) CFEngine
2 4 (2.68%) Cobbler
2 4 (2.68%) Nagios
3 2 (1.34%) Opscode Chef
Vendors
1 11 (7.38%) Oracle
2 6 (4.03%) ION Trading
3 5 (3.36%) IBM
3 5 (3.36%) VMware
4 4 (2.68%) Cisco
4 4 (2.68%) F5
4 4 (2.68%) HP
4 4 (2.68%) Juniper
4 4 (2.68%) Red Hat
4 4 (2.68%) SolarWinds
5 3 (2.01%) Palo Alto
6 2 (1.34%) Aruba
6 2 (1.34%) Fidessa
6 2 (1.34%) StreamBase
6 2 (1.34%) Sybase
6 2 (1.34%) TIBCO
7 1 (0.67%) Fortinet
7 1 (0.67%) Microsoft
7 1 (0.67%) Twitter
City, London
TEKsystems
Rate: £450 - £550 per day
Posted: 3 days ago
City, London
TEKsystems
Rate: £700 - £750 per day
Posted: 4 days ago