Algorithmic Trading Contracts in England

Algo Trading
UK > England

The following table provides summary statistics for contract job vacancies advertised in England with a requirement for Algorithmic Trading skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Algorithmic Trading over the 6 months to 23 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
23 Apr 2024
Same period 2023 Same period 2022
Rank 470 520 617
Rank change year-on-year +50 +97 -108
Contract jobs citing Algorithmic Trading 80 145 167
As % of all contract jobs advertised in England 0.21% 0.28% 0.23%
As % of the Processes & Methodologies category 0.25% 0.32% 0.26%
Number of daily rates quoted 73 131 149
10th Percentile £550 £525 £525
25th Percentile £700 £538 £663
Median daily rate (50th Percentile) £844 £650 £750
Median % change year-on-year +29.77% -13.33% -
75th Percentile £1,250 £788 £900
90th Percentile - £950 £950
UK median daily rate £834 £615 £750
% change year-on-year +35.65% -18.00% -
Number of hourly rates quoted 0 1 0
Median hourly rate - £65.00 -
UK median hourly rate - £65.00 -

All Process and Methodology Skills
England

Algorithmic Trading is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in England with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 32,223 45,987 64,855
As % of all contract IT jobs advertised in England 86.56% 90.26% 90.76%
Number of daily rates quoted 21,190 32,199 46,005
10th Percentile £300 £325 £330
25th Percentile £413 £445 £425
Median daily rate (50th Percentile) £525 £550 £535
Median % change year-on-year -4.55% +2.80% +9.41%
75th Percentile £650 £675 £650
90th Percentile £750 £768 £744
UK median daily rate £525 £550 £525
% change year-on-year -4.55% +4.76% +8.36%
Number of hourly rates quoted 2,229 1,635 1,786
10th Percentile £12.86 £11.00 £12.50
25th Percentile £16.00 £16.74 £15.25
Median hourly rate £35.00 £37.50 £24.00
Median % change year-on-year -6.67% +56.25% -
75th Percentile £59.44 £65.00 £49.23
90th Percentile £72.50 £75.00 £63.19
UK median hourly rate £35.00 £37.50 £25.00
% change year-on-year -6.67% +50.00% -

Algorithmic Trading
Job Vacancy Trend in England

Job postings citing Algorithmic Trading as a proportion of all IT jobs advertised in England.

Job vacancy trend for Algorithmic Trading in England

Algorithmic Trading
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing Algorithmic Trading in England.

Daily rate trend for Algorithmic Trading in England

Algorithmic Trading
Daily Rate Histogram in England

Daily rate distribution for jobs citing Algorithmic Trading in England over the 6 months to 23 April 2024.

Daily rate histogram for Algorithmic Trading in England

Algorithmic Trading
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Algorithmic Trading within the England region over the 6 months to 23 April 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
London +38 78 £847 +30.27% 62
West Midlands +36 1 - - 3
Midlands +35 1 - - 3
Algorithmic Trading
UK

Algorithmic Trading
Co-occurring Skills and Capabilities in England by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (1.25%) Confluence
1 1 (1.25%) MQSeries
1 1 (1.25%) SAS
Applications
1 1 (1.25%) Microsoft Excel
1 1 (1.25%) Microsoft PowerPoint
1 1 (1.25%) MS Visio
Business Applications
1 2 (2.50%) Fidessa
2 1 (1.25%) Endur
Cloud Services
1 2 (2.50%) Azure
1 2 (2.50%) Azure DevOps
1 2 (2.50%) GitHub
2 1 (1.25%) AWS
Communications & Networking
1 3 (3.75%) FIX Connectivity
2 1 (1.25%) Kerberos
Database & Business Intelligence
1 5 (6.25%) KDB
2 2 (2.50%) Flink
2 2 (2.50%) PostgreSQL
3 1 (1.25%) Relational Database
Development Applications
1 2 (2.50%) Git
1 2 (2.50%) JIRA
1 2 (2.50%) TeamCity
2 1 (1.25%) Bitbucket
2 1 (1.25%) Gradle
2 1 (1.25%) IntelliJ
General
1 36 (45.00%) Finance
2 33 (41.25%) Banking
3 28 (35.00%) Investment Banking
4 7 (8.75%) Front Office
5 4 (5.00%) Social Skills
6 3 (3.75%) Analytical Skills
7 1 (1.25%) Back Office
7 1 (1.25%) Financial Institution
Job Titles
1 48 (60.00%) Developer
2 20 (25.00%) Java Developer
3 19 (23.75%) Quantitative Developer
4 16 (20.00%) Electronic Trading Developer
4 16 (20.00%) Electronic Trading Java Developer
5 15 (18.75%) Java Quantitative Developer
6 13 (16.25%) C++ Developer
7 9 (11.25%) Low Latency C++ Developer
8 7 (8.75%) Exchange Support
9 4 (5.00%) Algorithmic Trading Developer
9 4 (5.00%) Analyst
9 4 (5.00%) C++ Quantitative Developer
9 4 (5.00%) KDB Developer
9 4 (5.00%) Senior
10 3 (3.75%) Java Developer - Algorithmic Trading
10 3 (3.75%) Senior Developer
11 2 (2.50%) C# Developer
11 2 (2.50%) Electronic Trading Support
11 2 (2.50%) Fidessa Support
11 2 (2.50%) Investment Banking Java Developer
Libraries, Frameworks & Software Standards
1 45 (56.25%) FIX Protocol
2 5 (6.25%) XML
3 3 (3.75%) Ultra Messaging
4 2 (2.50%) Kafka
4 2 (2.50%) RabbitMQ
4 2 (2.50%) Vue
5 1 (1.25%) .NET
5 1 (1.25%) JSON
5 1 (1.25%) OAuth
5 1 (1.25%) Rendezvous
5 1 (1.25%) REST
5 1 (1.25%) SAML
5 1 (1.25%) SPIFFE
5 1 (1.25%) Spring
Miscellaneous
1 30 (37.50%) Derivative
2 23 (28.75%) Fixed Income
3 16 (20.00%) Algorithms
4 13 (16.25%) Hedge funds
5 10 (12.50%) Equity Derivative
6 6 (7.50%) Equities
6 6 (7.50%) Foreign Exchange (FX)
7 2 (2.50%) Greenfield Project
8 1 (1.25%) Data Structures
8 1 (1.25%) Distributed Systems
8 1 (1.25%) Enterprise Software
8 1 (1.25%) Reinsurance
8 1 (1.25%) Virtual Team
Operating Systems
1 20 (25.00%) Linux
2 7 (8.75%) Unix
Processes & Methodologies
1 45 (56.25%) Low Latency
2 44 (55.00%) Electronic Trading
3 18 (22.50%) High Availability
4 17 (21.25%) Analytics
4 17 (21.25%) Capacity Management
4 17 (21.25%) Change Management
4 17 (21.25%) Incident Management
5 11 (13.75%) Systematic Trading
6 7 (8.75%) Agile
7 6 (7.50%) Computer Science
7 6 (7.50%) Multithreading
8 5 (6.25%) Problem-Solving
8 5 (6.25%) Risk Management
9 4 (5.00%) Automated Trading
9 4 (5.00%) Backtesting
9 4 (5.00%) DevOps
9 4 (5.00%) Software Engineering
9 4 (5.00%) Test Automation
10 3 (3.75%) Order Management
10 3 (3.75%) SDLC
Programming Languages
1 26 (32.50%) Java
2 16 (20.00%) C++
3 11 (13.75%) Python
4 5 (6.25%) SQL
5 4 (5.00%) C#
6 3 (3.75%) Perl
6 3 (3.75%) PowerShell
7 1 (1.25%) Go
7 1 (1.25%) Scala
Qualifications
1 11 (13.75%) CCNA
1 11 (13.75%) Cisco Certification
2 6 (7.50%) Degree
3 2 (2.50%) Computer Science Degree
4 1 (1.25%) Master's Degree
Quality Assurance & Compliance
1 2 (2.50%) MiFID
1 2 (2.50%) QA
2 1 (1.25%) Dodd-Frank
2 1 (1.25%) EMIR
System Software
1 2 (2.50%) Docker
Systems Management
1 16 (20.00%) ITRS Geneos
2 3 (3.75%) Terraform
3 2 (2.50%) Kubernetes
Vendors
1 11 (13.75%) Cisco
2 4 (5.00%) Solace
2 4 (5.00%) TIBCO
3 2 (2.50%) ION Trading
3 2 (2.50%) Oracle
4 1 (1.25%) Bloomberg
4 1 (1.25%) IBM
4 1 (1.25%) MarketAxess
4 1 (1.25%) Microsoft
4 1 (1.25%) Tradeweb