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 1 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
1 Sep 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 301 316 302
Rank change year-on-year
+15 -14
Contract jobs citing Algorithmic Trading 118 102 111
As % of all contract IT jobs located in London 0.49% 0.40% 0.43%
As % of the Processes & Methodologies category 0.63% 0.53% 0.57%
Number of daily rates quoted 109 80 61
Average daily rate
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£650 £600 £600
Average daily rate % change year-on-year
+8.33% -
90% offered a daily rate of more than £535 £450 £325
10% offered a daily rate of more than £700 £700 £700
UK excluding London average daily rate £375 - -
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
18765 19408 19425
As % of all contract IT jobs located in London 77.17% 76.61% 74.46%
Number of daily rates quoted 13081 13605 13085
Average daily rate £450 £450 £435
Average daily rate % change year-on-year
- +3.44%
90% offered a daily rate of more than £300 £300 £290
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £370 £360
% change year-on-year
+1.35% +2.77%
Number of hourly rates quoted 218 235 359
Average hourly rate £21.50 £22.50 £32.50
Average hourly rate % change year-on-year
-4.44% -30.76%
90% offered a hourly rate of more than £13.50 £14.00 £15.00
10% offered a hourly rate of more than £50.00 £55.00 £48.00
UK excluding London average hourly rate £26.50 £30.00 £31.00
% change year-on-year
-11.66% -3.22%

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 1 September 2014.

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 1 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
City of London +26 45 £650 +8.33% 18
Docklands, London - 1 £555 -
Algorithmic Trading
England

Algorithmic Trading
Top 30 Related IT Skills in London

For the 6 months to 1 September 2014, 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.

1 125 (72.67%) Foreign Exchange (FX)
1 125 (72.67%) Low Latency
2 118 (68.60%) Multithreading
3 108 (62.79%) Java
4 90 (52.33%) Front Office
5 80 (46.51%) Banking
6 46 (26.74%) SQL
7 45 (26.16%) C#
8 40 (23.26%) Finance
9 39 (22.67%) Investment Banking
10 38 (22.09%) Electronic Trading
11 36 (20.93%) Linux
12 35 (20.35%) FIX Protocol
13 33 (19.19%) C++
14 29 (16.86%) Equities
15 27 (15.70%) Degree
15 27 (15.70%) Oracle
16 26 (15.12%) UNIX
17 23 (13.37%) Oracle Coherence
17 23 (13.37%) Performance Tuning
18 21 (12.21%) TWAP
18 21 (12.21%) VWAP
19 18 (10.47%) Computer Science
20 17 (9.88%) Risk Management
21 16 (9.30%) KDB
22 14 (8.14%) Relational Database
22 14 (8.14%) E-Commerce
23 13 (7.56%) Mathematics
24 12 (6.98%) Python
25 11 (6.40%) Software Engineering

Algorithmic Trading
Top Related IT Skills in London by Category

For the 6 months to 1 September 2014, 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 23 (13.37%) Oracle Coherence
Applications
1 3 (1.74%) MS Office
Business Applications
1 7 (4.07%) RMDS
Communications & Networking
1 10 (5.81%) TCP/IP
2 7 (4.07%) Multicast
3 2 (1.16%) Firewall
4 1 (0.58%) HTTP
4 1 (0.58%) DNS
4 1 (0.58%) BGP
Database & Business Intelligence
1 16 (9.30%) KDB
2 14 (8.14%) Relational Database
3 5 (2.91%) SQL Server
Development Applications
1 2 (1.16%) Eclipse
2 1 (0.58%) Maven
2 1 (0.58%) JIRA
2 1 (0.58%) Ant
2 1 (0.58%) JUnit
General
1 90 (52.33%) Front Office
2 80 (46.51%) Banking
3 40 (23.26%) Finance
4 39 (22.67%) Investment Banking
5 7 (4.07%) Financial Institution
6 2 (1.16%) Back Office
7 1 (0.58%) Law
7 1 (0.58%) Legal
7 1 (0.58%) Games
Job Titles
1 117 (68.02%) Developer
2 67 (38.95%) Java Developer
3 32 (18.60%) C# Developer
4 14 (8.14%) Analyst
5 13 (7.56%) Senior Developer
6 10 (5.81%) Business Analyst
6 10 (5.81%) Senior Java Developer
7 8 (4.65%) Lead Developer
8 7 (4.07%) Development Manager
9 6 (3.49%) C++ Developer
9 6 (3.49%) WPF Developer
10 5 (2.91%) Lead Java Developer
10 5 (2.91%) Quantitative Developer
11 4 (2.33%) Support Analyst
11 4 (2.33%) Python Developer
12 3 (1.74%) IT Business Analyst
12 3 (1.74%) Infrastructure Engineer
12 3 (1.74%) Senior WPF Developer
13 2 (1.16%) Banking Business Analyst
13 2 (1.16%) UNIX Engineer
Libraries, Frameworks & Software Standards
1 35 (20.35%) FIX Protocol
2 9 (5.23%) Middleware
3 7 (4.07%) WPF
4 6 (3.49%) .NET
5 5 (2.91%) STL
6 4 (2.33%) LINQ
6 4 (2.33%) Boost C++ Libraries
6 4 (2.33%) Rendezvous
7 3 (1.74%) Reactive Extensions
7 3 (1.74%) HTML5
7 3 (1.74%) HTML
8 2 (1.16%) JMS
8 2 (1.16%) WinForms
8 2 (1.16%) Spring
9 1 (0.58%) WCF
9 1 (0.58%) J2SE
9 1 (0.58%) RabbitMQ
Miscellaneous
1 125 (72.67%) Foreign Exchange (FX)
2 29 (16.86%) Equities
3 21 (12.21%) VWAP
3 21 (12.21%) TWAP
4 18 (10.47%) Computer Science
5 13 (7.56%) Mathematics
6 8 (4.65%) Derivative
6 8 (4.65%) Fixed Income
7 5 (2.91%) Hedge funds
7 5 (2.91%) Visualisation
8 4 (2.33%) Open Source
8 4 (2.33%) Client/Server
8 4 (2.33%) Credit Derivative
9 3 (1.74%) Physics
10 2 (1.16%) Equity Derivative
10 2 (1.16%) Statistics
10 2 (1.16%) Firmware
11 1 (0.58%) Credit Risk
11 1 (0.58%) Enterprise Software
Operating Systems
1 36 (20.93%) Linux
2 26 (15.12%) UNIX
3 10 (5.81%) Windows
4 6 (3.49%) Solaris
5 3 (1.74%) Red Hat Enterprise Linux
6 1 (0.58%) CentOS
Processes & Methodologies
1 125 (72.67%) Low Latency
2 118 (68.60%) Multithreading
3 38 (22.09%) Electronic Trading
4 23 (13.37%) Performance Tuning
5 17 (9.88%) Risk Management
6 14 (8.14%) E-Commerce
7 11 (6.40%) Software Engineering
8 9 (5.23%) Agile Software Development
8 9 (5.23%) OO
9 7 (4.07%) Business Analysis
10 5 (2.91%) Business Development
11 4 (2.33%) Process Management
11 4 (2.33%) Problem Management
11 4 (2.33%) Ultra-Low Latency
11 4 (2.33%) Analytics
11 4 (2.33%) Change Control
12 3 (1.74%) Web Development
12 3 (1.74%) TDD
13 2 (1.16%) Statistical Analysis
13 2 (1.16%) Enterprise Architecture
Programming Languages
1 108 (62.79%) Java
2 46 (26.74%) SQL
3 45 (26.16%) C#
4 33 (19.19%) C++
5 12 (6.98%) Python
6 7 (4.07%) Perl
7 6 (3.49%) Shell Script
8 4 (2.33%) C-shell
9 3 (1.74%) AWK
10 2 (1.16%) Bash Shell
10 2 (1.16%) C
10 2 (1.16%) PowerShell
10 2 (1.16%) Scala
11 1 (0.58%) VB
11 1 (0.58%) R
11 1 (0.58%) Korn
Qualifications
1 27 (15.70%) Degree
2 4 (2.33%) PhD
Quality Assurance & Compliance
1 1 (0.58%) MiFID
1 1 (0.58%) EMIR
1 1 (0.58%) Dodd-Frank
System Software
1 1 (0.58%) Active Directory
Systems Management
1 1 (0.58%) CFEngine
Vendors
1 27 (15.70%) Oracle
2 10 (5.81%) 29West
3 6 (3.49%) TIBCO
4 5 (2.91%) Bloomberg
5 4 (2.33%) StreamBase
6 3 (1.74%) Infragistics
6 3 (1.74%) Perforce
6 3 (1.74%) Sybase
7 2 (1.16%) ION Trading
7 2 (1.16%) Tradeweb
8 1 (0.58%) Portware
8 1 (0.58%) Cisco
8 1 (0.58%) Intel
8 1 (0.58%) Informatica
8 1 (0.58%) Radianz
8 1 (0.58%) Reuters
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