The table below looks at the statistics for Algorithmic Trading skills in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 4 March 2015 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
4 Mar 2015
Same period 2014 Same period 2013
Algorithmic Trading
Rank 320 340 338
Rank change year-on-year
+20 -2
Contract jobs citing Algorithmic Trading 78 51 40
As % of all contract IT jobs located in London 0.37% 0.23% 0.20%
As % of the Processes & Methodologies category 0.47% 0.30% 0.26%
Number of daily rates quoted 66 38 30
Average daily rate
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£606 £600 £600
Average daily rate % change year-on-year
+1.04% -
90% offered a daily rate of more than £400 £510 £523
10% offered a daily rate of more than £681 £675 £700
UK excluding London average daily rate £475 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Algorithmic Trading
England

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

Processes & Methodologies Category
London
Contract IT job ads with a match in the
Processes & Methodologies category
16730 17174 15442
As % of all contract IT jobs located in London 78.79% 78.57% 76.76%
Number of daily rates quoted 11866 11744 10840
Average daily rate £450 £438 £450
Average daily rate % change year-on-year
+2.85% -2.77%
90% offered a daily rate of more than £310 £300 £300
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £400 £375 £363
% change year-on-year
+6.66% +3.44%
Number of hourly rates quoted 201 238 253
Average hourly rate £21.50 £27.50 £25.70
Average hourly rate % change year-on-year
-21.81% +7.00%
90% offered a hourly rate of more than £11.00 £14.00 £13.50
10% offered a hourly rate of more than £55.00 £70.00 £135.00
UK excluding London average hourly rate £30.00 £27.50 £31.50
% change year-on-year
+9.09% -12.69%

Algorithmic Trading
Jobs Demand Trend in London

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

Algorithmic Trading Jobs Demand Trend in London

Algorithmic Trading
Daily Rate Trend in London

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

Algorithmic Trading Daily Rate Trend in London

Algorithmic Trading
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Algorithmic Trading across the London region over the 3 months to 4 March 2015.

Algorithmic Trading Daily Rate Histogram in London

Algorithmic Trading
Hourly Rate Trend in London

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

Algorithmic Trading Hourly Rate Trend in London

Algorithmic Trading
Contract Job Locations in London

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 London region over the 3 months to 4 March 2015. 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
City of London +27 22 £538 -20.37% 17
Docklands, London - - - - 2
Algorithmic Trading
England

Algorithmic Trading
Top 30 Related IT Skills in London

For the 6 months to 4 March 2015, IT contractor jobs across the London 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.

1 135 (71.81%) Low Latency
2 113 (60.11%) Multithreading
3 111 (59.04%) Java
4 108 (57.45%) Foreign Exchange (FX)
5 102 (54.26%) Front Office
6 62 (32.98%) Finance
7 61 (32.45%) Banking
8 56 (29.79%) FIX Protocol
9 51 (27.13%) Agile Software Development
10 47 (25.00%) SQL
11 45 (23.94%) UNIX
12 43 (22.87%) C++
13 39 (20.74%) Equities
14 37 (19.68%) Linux
15 36 (19.15%) Investment Banking
16 33 (17.55%) KDB
17 28 (14.89%) Middleware
18 27 (14.36%) C#
19 24 (12.77%) Risk Management
20 23 (12.23%) Analytical Skills
20 23 (12.23%) Algorithms
21 22 (11.70%) Relational Database
21 22 (11.70%) Perl
22 21 (11.17%) Python
23 18 (9.57%) OO
23 18 (9.57%) TDD
24 17 (9.04%) Degree
24 17 (9.04%) Derivative
25 16 (8.51%) Performance Tuning
26 15 (7.98%) Mathematics

Algorithmic Trading
Top Related IT Skills in London by Category

For the 6 months to 4 March 2015, IT contractor jobs across the London 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 5 (2.66%) TIBCO EMS
2 1 (0.53%) MS Exchange
Applications
1 2 (1.06%) MS Office
2 1 (0.53%) MS Excel
Business Applications
1 2 (1.06%) RMDS
Communications & Networking
1 3 (1.60%) TCP/IP
2 2 (1.06%) Multicast
2 2 (1.06%) Firewall
Database & Business Intelligence
1 33 (17.55%) KDB
2 22 (11.70%) Relational Database
3 4 (2.13%) SQL Server
4 2 (1.06%) Big Data
4 2 (1.06%) SQL Server 2012
Development Applications
1 3 (1.60%) Subversion
1 3 (1.60%) Eclipse
2 2 (1.06%) Visual Studio Tools for Office
2 2 (1.06%) Visual Studio
3 1 (0.53%) NUnit
General
1 102 (54.26%) Front Office
2 62 (32.98%) Finance
3 61 (32.45%) Banking
4 36 (19.15%) Investment Banking
5 3 (1.60%) Marketing
6 2 (1.06%) Back Office
7 1 (0.53%) Mandarin Language
Job Titles
1 127 (67.55%) Developer
2 77 (40.96%) Java Developer
3 26 (13.83%) C++ Developer
4 21 (11.17%) Analyst
5 16 (8.51%) Senior Developer
6 14 (7.45%) Senior Java Developer
7 11 (5.85%) Support Analyst
8 8 (4.26%) FIX Analyst
9 7 (3.72%) C# Developer
10 6 (3.19%) Business Analyst
10 6 (3.19%) Python Developer
10 6 (3.19%) UNIX Engineer
11 5 (2.66%) Applications Support
11 5 (2.66%) Lead Developer
11 5 (2.66%) WPF Developer
12 3 (1.60%) Banking Business Analyst
12 3 (1.60%) Lead Java Developer
12 3 (1.60%) C++/Java Developer
13 2 (1.06%) Lead .NET Developer
13 2 (1.06%) GUI Developer
Libraries, Frameworks & Software Standards
1 56 (29.79%) FIX Protocol
2 28 (14.89%) Middleware
3 10 (5.32%) Boost C++ Libraries
3 10 (5.32%) STL
3 10 (5.32%) WPF
4 9 (4.79%) Spring
4 9 (4.79%) JMS
4 9 (4.79%) Rendezvous
5 7 (3.72%) LINQ
6 5 (2.66%) .NET
6 5 (2.66%) Reactive Extensions
7 3 (1.60%) Silverlight
8 2 (1.06%) ADO.NET Entity Framework
8 2 (1.06%) Task Parallel Library
8 2 (1.06%) ASP.NET Web API
8 2 (1.06%) .NET Framework
8 2 (1.06%) Java SE
9 1 (0.53%) XML
9 1 (0.53%) HTML
9 1 (0.53%) AngularJS
Miscellaneous
1 108 (57.45%) Foreign Exchange (FX)
2 39 (20.74%) Equities
3 23 (12.23%) Analytical Skills
3 23 (12.23%) Algorithms
4 17 (9.04%) Derivative
5 15 (7.98%) Mathematics
6 10 (5.32%) TWAP
6 10 (5.32%) VWAP
7 9 (4.79%) Data Structures
8 8 (4.26%) Computer Science
8 8 (4.26%) Fixed Income
9 7 (3.72%) Clustering
10 6 (3.19%) Management Information System
10 6 (3.19%) Physics
11 5 (2.66%) Hedge funds
12 4 (2.13%) SCADA
13 3 (1.60%) Tandem
13 3 (1.60%) Open Source
13 3 (1.60%) Visualisation
14 2 (1.06%) Statistical Arbitrage
Operating Systems
1 45 (23.94%) UNIX
2 37 (19.68%) Linux
3 9 (4.79%) Windows
3 9 (4.79%) Red Hat Enterprise Linux
4 8 (4.26%) Solaris
5 7 (3.72%) SUSE
5 7 (3.72%) AIX
5 7 (3.72%) SUSE Linux Enterprise Server
6 6 (3.19%) Oracle Linux
Processes & Methodologies
1 135 (71.81%) Low Latency
2 113 (60.11%) Multithreading
3 51 (27.13%) Agile Software Development
4 24 (12.77%) Risk Management
5 18 (9.57%) OO
5 18 (9.57%) TDD
6 16 (8.51%) Performance Tuning
7 14 (7.45%) Electronic Trading
8 13 (6.91%) Software Engineering
9 9 (4.79%) E-Commerce
10 8 (4.26%) Financial Modelling
10 8 (4.26%) Project Management
10 8 (4.26%) Operations Research
11 7 (3.72%) Configuration Management
11 7 (3.72%) Ultra-Low Latency
12 6 (3.19%) Service Management
12 6 (3.19%) ITSM
12 6 (3.19%) ITIL
13 5 (2.66%) Numerical Analysis
13 5 (2.66%) MVVM
Programming Languages
1 111 (59.04%) Java
2 47 (25.00%) SQL
3 43 (22.87%) C++
4 27 (14.36%) C#
5 22 (11.70%) Perl
6 21 (11.17%) Python
7 7 (3.72%) Ruby
8 4 (2.13%) Shell Script
9 3 (1.60%) AWK
9 3 (1.60%) C
10 2 (1.06%) C-shell
10 2 (1.06%) XAML
10 2 (1.06%) T-SQL
10 2 (1.06%) VB
11 1 (0.53%) JavaScript
11 1 (0.53%) Tcl
11 1 (0.53%) PowerShell
11 1 (0.53%) Scala
Qualifications
1 17 (9.04%) Degree
2 5 (2.66%) VCP4
3 1 (0.53%) PhD
Quality Assurance & Compliance
1 3 (1.60%) QA
2 1 (0.53%) MiFID
2 1 (0.53%) EMIR
2 1 (0.53%) Dodd-Frank
System Software
1 7 (3.72%) Veritas Cluster Server
2 1 (0.53%) Active Directory
2 1 (0.53%) Firmware
Systems Management
1 7 (3.72%) HP Operations Orchestration
1 7 (3.72%) Puppet
1 7 (3.72%) Opscode Chef
Vendors
1 11 (5.85%) Oracle
1 11 (5.85%) 29West
2 9 (4.79%) Informatica
3 8 (4.26%) Veritas
3 8 (4.26%) TIBCO
4 7 (3.72%) Red Hat
4 7 (3.72%) HP
4 7 (3.72%) EMC
5 6 (3.19%) Sybase
5 6 (3.19%) ION Trading
6 5 (2.66%) IBM
7 4 (2.13%) Microsoft
8 3 (1.60%) Infragistics
9 2 (1.06%) Cisco
9 2 (1.06%) Portware
10 1 (0.53%) Perforce
10 1 (0.53%) Sun
10 1 (0.53%) Fidessa
10 1 (0.53%) NYFIX
Docklands
iKonnect
Rate: £500 - £610 per day
Posted: 2 hours ago
East London
Oliver Bernard
Rate: From £500 to £600 per day
Posted: 7 hours ago
Docklands
Interquest - ITQ Financial - London
Rate: £550 - £600 per day
Posted: 8 hours ago
City of London
Hays IT - Uk Posting account
Rate: £500.00 - £600.00 per day
Posted: Yesterday
City of London
Orgtel
Rate: £650 - £725 per day
Posted: 19 days ago