The table below looks at the statistics for Algorithmic Trading skills in IT contracts advertised for the England region. Included is a guide to the average contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 19 September 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
19 Sep 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 446 478 462
Rank change year-on-year
+32 -16
Contract jobs citing Algorithmic Trading 133 91 112
As % of all contract IT jobs located in England 0.25% 0.19% 0.21%
As % of the Processes & Methodologies category 0.34% 0.25% 0.29%
Number of daily rates quoted 121 68 69
Average daily rate
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of your Daily Rate
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£650 £550 £538
Average daily rate % change year-on-year
+18.18% +2.32%
90% offered a daily rate of more than £550 £418 £325
10% offered a daily rate of more than £700 £700 £675
UK excluding London average daily rate £400 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Algorithmic Trading
UK

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised in the England region.

Processes & Methodologies Category
England
Contract IT job ads with a match in the
Processes & Methodologies category
38925 35924 38359
As % of all contract IT jobs located in England 74.49% 74.48% 72.52%
Number of daily rates quoted 24714 22629 22625
Average daily rate £413 £403 £400
Average daily rate % change year-on-year
+2.48% +0.62%
90% offered a daily rate of more than £275 £275 £268
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £375 £370 £363
% change year-on-year
+1.35% +2.06%
Number of hourly rates quoted 1104 1022 1412
Average hourly rate £23.50 £27.97 £31.50
Average hourly rate % change year-on-year
-15.98% -11.20%
90% offered a hourly rate of more than £12.50 £12.50 £13.00
10% offered a hourly rate of more than £47.50 £50.00 £47.00
UK excluding London average hourly rate £26.25 £30.00 £30.00
% change year-on-year
-12.50% -

Algorithmic Trading
Jobs Demand Trend in England

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

Algorithmic Trading Jobs Demand Trend in England

Algorithmic Trading
Daily Rate Trend in England

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Algorithmic Trading across the England region.

Algorithmic Trading Daily Rate Trend in England

Algorithmic Trading
Daily Rate Histogram in England

This chart provides a histogram of daily rates quoted in contract IT jobs citing Algorithmic Trading across the England region over the 3 months to 19 September 2014.

Algorithmic Trading Daily Rate Histogram in England

Algorithmic Trading
Hourly Rate Trend in England

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Algorithmic Trading across the England region.

Algorithmic Trading Hourly Rate Trend in England

Algorithmic Trading
Contract Job Locations in England

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Algorithmic Trading within the England region over the 3 months to 19 September 2014. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London +55 133 £650 +18.18% 35
West Midlands - - - -
East of England - - - -
Algorithmic Trading
UK

Algorithmic Trading
Top 30 Related IT Skills in England

For the 6 months to 19 September 2014, IT contractor jobs across the England 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.

1 152 (74.88%) Foreign Exchange (FX)
2 148 (72.91%) Low Latency
3 143 (70.44%) Multithreading
4 129 (63.55%) Java
5 109 (53.69%) Front Office
6 90 (44.33%) Banking
7 58 (28.57%) Analytical Skills
8 51 (25.12%) SQL
9 45 (22.17%) C#
9 45 (22.17%) Finance
9 45 (22.17%) Investment Banking
10 44 (21.67%) Linux
11 41 (20.20%) C++
12 36 (17.73%) Electronic Trading
13 35 (17.24%) FIX Protocol
14 34 (16.75%) Equities
15 30 (14.78%) UNIX
16 29 (14.29%) Degree
17 28 (13.79%) Agile Software Development
17 28 (13.79%) Oracle
18 25 (12.32%) Performance Tuning
19 24 (11.82%) Risk Management
19 24 (11.82%) KDB
20 23 (11.33%) Oracle Coherence
21 22 (10.84%) VWAP
21 22 (10.84%) TWAP
22 20 (9.85%) Computer Science
23 19 (9.36%) Relational Database
24 17 (8.37%) Software Engineering
25 16 (7.88%) Python

Algorithmic Trading
Top Related IT Skills in England by Category

For the 6 months to 19 September 2014, IT contractor jobs across the England 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 23 (11.33%) Oracle Coherence
Applications
1 3 (1.48%) MS Office
Business Applications
1 8 (3.94%) RMDS
Communications & Networking
1 11 (5.42%) TCP/IP
2 8 (3.94%) Multicast
3 3 (1.48%) Firewall
4 1 (0.49%) BGP
4 1 (0.49%) HTTP
4 1 (0.49%) DNS
Database & Business Intelligence
1 24 (11.82%) KDB
2 19 (9.36%) Relational Database
3 5 (2.46%) SQL Server
Development Applications
1 2 (0.99%) Eclipse
2 1 (0.49%) JUnit
2 1 (0.49%) JIRA
General
1 109 (53.69%) Front Office
2 90 (44.33%) Banking
3 45 (22.17%) Finance
3 45 (22.17%) Investment Banking
4 7 (3.45%) Financial Institution
5 3 (1.48%) Back Office
6 1 (0.49%) Law
6 1 (0.49%) Legal
6 1 (0.49%) Games
Job Titles
1 143 (70.44%) Developer
2 86 (42.36%) Java Developer
3 32 (15.76%) C# Developer
4 16 (7.88%) Senior Developer
4 16 (7.88%) Analyst
5 13 (6.40%) Senior Java Developer
6 12 (5.91%) C++ Developer
6 12 (5.91%) Business Analyst
7 8 (3.94%) Lead Developer
8 7 (3.45%) Development Manager
9 6 (2.96%) WPF Developer
9 6 (2.96%) Quantitative Developer
10 5 (2.46%) Lead Java Developer
11 4 (1.97%) Banking Business Analyst
11 4 (1.97%) Python Developer
11 4 (1.97%) Support Analyst
12 3 (1.48%) Senior WPF Developer
12 3 (1.48%) IT Business Analyst
12 3 (1.48%) Infrastructure Engineer
13 2 (0.99%) Investment Banking Business Analyst
Libraries, Frameworks & Software Standards
1 35 (17.24%) FIX Protocol
2 10 (4.93%) STL
3 9 (4.43%) Middleware
3 9 (4.43%) Boost C++ Libraries
4 7 (3.45%) WPF
5 6 (2.96%) .NET
5 6 (2.96%) Rendezvous
6 4 (1.97%) LINQ
6 4 (1.97%) Spring
7 3 (1.48%) HTML5
7 3 (1.48%) Reactive Extensions
7 3 (1.48%) HTML
7 3 (1.48%) JMS
8 2 (0.99%) WinForms
9 1 (0.49%) RabbitMQ
9 1 (0.49%) J2SE
9 1 (0.49%) WCF
Miscellaneous
1 152 (74.88%) Foreign Exchange (FX)
2 58 (28.57%) Analytical Skills
3 34 (16.75%) Equities
4 22 (10.84%) VWAP
4 22 (10.84%) TWAP
5 20 (9.85%) Computer Science
6 15 (7.39%) Mathematics
7 9 (4.43%) Derivative
8 6 (2.96%) Fixed Income
9 4 (1.97%) Client/Server
9 4 (1.97%) Visualisation
9 4 (1.97%) Hedge funds
10 3 (1.48%) Open Source
10 3 (1.48%) Credit Derivative
10 3 (1.48%) Physics
11 2 (0.99%) Credit Risk
11 2 (0.99%) Equity Derivative
11 2 (0.99%) Statistics
11 2 (0.99%) Firmware
12 1 (0.49%) Enterprise Software
Operating Systems
1 44 (21.67%) Linux
2 30 (14.78%) UNIX
3 10 (4.93%) Windows
4 7 (3.45%) Solaris
5 4 (1.97%) Red Hat Enterprise Linux
6 1 (0.49%) CentOS
Processes & Methodologies
1 148 (72.91%) Low Latency
2 143 (70.44%) Multithreading
3 36 (17.73%) Electronic Trading
4 28 (13.79%) Agile Software Development
5 25 (12.32%) Performance Tuning
6 24 (11.82%) Risk Management
7 17 (8.37%) Software Engineering
8 15 (7.39%) E-Commerce
9 9 (4.43%) OO
10 8 (3.94%) Business Analysis
11 7 (3.45%) Ultra-Low Latency
12 6 (2.96%) Operations Research
12 6 (2.96%) Project Management
13 5 (2.46%) Business Development
13 5 (2.46%) Financial Modelling
14 4 (1.97%) Problem Management
14 4 (1.97%) Process Management
14 4 (1.97%) Change Control
14 4 (1.97%) Mentoring
15 3 (1.48%) Analytics
Programming Languages
1 129 (63.55%) Java
2 51 (25.12%) SQL
3 45 (22.17%) C#
4 41 (20.20%) C++
5 16 (7.88%) Python
6 11 (5.42%) Perl
7 6 (2.96%) Shell Script
8 4 (1.97%) C-shell
9 3 (1.48%) C
9 3 (1.48%) AWK
10 2 (0.99%) PowerShell
10 2 (0.99%) VB
10 2 (0.99%) Bash Shell
11 1 (0.49%) R
11 1 (0.49%) Korn
Qualifications
1 29 (14.29%) Degree
2 5 (2.46%) PhD
Quality Assurance & Compliance
1 2 (0.99%) MiFID
1 2 (0.99%) EMIR
1 2 (0.99%) Dodd-Frank
System Software
1 1 (0.49%) Active Directory
Systems Management
1 1 (0.49%) CFEngine
Vendors
1 28 (13.79%) Oracle
2 13 (6.40%) 29West
3 5 (2.46%) TIBCO
4 4 (1.97%) Sybase
4 4 (1.97%) StreamBase
5 3 (1.48%) Infragistics
5 3 (1.48%) Bloomberg
5 3 (1.48%) Informatica
5 3 (1.48%) Perforce
6 2 (0.99%) Cisco
7 1 (0.49%) Reuters
7 1 (0.49%) Red Hat
7 1 (0.49%) Radianz
7 1 (0.49%) Intel
7 1 (0.49%) Veritas
7 1 (0.49%) Portware
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