Algorithmic Trading Contracts in London

Algo Trading
England > London

The following table provides summary statistics for contract job vacancies advertised in London 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 29 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
29 Apr 2024
Same period 2023 Same period 2022
Rank 315 354 438
Rank change year-on-year +39 +84 -86
Contract jobs citing Algorithmic Trading 76 146 164
As % of all contract jobs advertised in London 0.43% 0.54% 0.42%
As % of the Processes & Methodologies category 0.48% 0.59% 0.46%
Number of daily rates quoted 70 133 145
10th Percentile £550 £525 £525
25th Percentile £703 £538 £675
Median daily rate (50th Percentile) £850 £650 £750
Median % change year-on-year +30.77% -13.33% -
75th Percentile £1,250 £813 £900
90th Percentile - £993 £950
England median daily rate £850 £650 £750
% change year-on-year +30.77% -13.33% -

All Process and Methodology Skills
London

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 London with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 15,787 24,631 35,904
As % of all contract IT jobs advertised in London 88.49% 91.12% 92.25%
Number of daily rates quoted 11,315 17,709 26,172
10th Percentile £338 £375 £390
25th Percentile £450 £475 £475
Median daily rate (50th Percentile) £550 £590 £575
Median % change year-on-year -6.78% +2.61% +9.52%
75th Percentile £675 £700 £688
90th Percentile £800 £800 £775
England median daily rate £525 £550 £538
% change year-on-year -4.55% +2.33% +9.14%
Number of hourly rates quoted 325 278 427
10th Percentile £16.00 £18.59 £17.25
25th Percentile £20.00 £22.53 £23.91
Median hourly rate £28.50 £38.13 £36.00
Median % change year-on-year -25.25% +5.90% +10.87%
75th Percentile £46.86 £62.64 £51.00
90th Percentile £66.30 £76.78 £67.75
England median hourly rate £35.83 £37.50 £24.48
% change year-on-year -4.45% +53.20% +1.99%

Algorithmic Trading
Job Vacancy Trend in London

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

Job vacancy trend for Algorithmic Trading in London

Algorithmic Trading
Contractor Daily Rate Trend in London

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

Daily rate trend for Algorithmic Trading in London

Algorithmic Trading
Daily Rate Histogram in London

Daily rate distribution for jobs citing Algorithmic Trading in London over the 6 months to 29 April 2024.

Daily rate histogram for Algorithmic Trading in London

Algorithmic Trading
Contract Job Locations in London

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 London region over the 6 months to 29 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
Central London +38 11 £925 +45.10% 3
East London - 2 £850 -
Algorithmic Trading
England

Algorithmic Trading
Co-occurring Skills and Capabilities in London 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 2 (2.63%) SAS
2 1 (1.32%) MQSeries
Business Applications
1 2 (2.63%) Fidessa
2 1 (1.32%) Endur
Cloud Services
1 1 (1.32%) AWS
1 1 (1.32%) Azure
1 1 (1.32%) Azure DevOps
1 1 (1.32%) GitHub
Communications & Networking
1 2 (2.63%) FIX Connectivity
Database & Business Intelligence
1 6 (7.89%) KDB
2 2 (2.63%) Relational Database
3 1 (1.32%) Flink
3 1 (1.32%) PostgreSQL
Development Applications
1 2 (2.63%) Bitbucket
1 2 (2.63%) Gradle
1 2 (2.63%) IntelliJ
1 2 (2.63%) JIRA
1 2 (2.63%) TeamCity
2 1 (1.32%) Git
General
1 33 (43.42%) Finance
2 32 (42.11%) Banking
3 27 (35.53%) Investment Banking
4 7 (9.21%) Front Office
5 4 (5.26%) Social Skills
6 2 (2.63%) Analytical Skills
7 1 (1.32%) Back Office
7 1 (1.32%) Financial Institution
Job Titles
1 48 (63.16%) Developer
2 21 (27.63%) Java Developer
3 19 (25.00%) Quantitative Developer
4 17 (22.37%) Electronic Trading Developer
4 17 (22.37%) Electronic Trading Java Developer
5 15 (19.74%) Java Quantitative Developer
6 13 (17.11%) C++ Developer
7 9 (11.84%) Low Latency C++ Developer
8 6 (7.89%) Exchange Support
9 4 (5.26%) Algorithmic Trading Developer
9 4 (5.26%) Analyst
9 4 (5.26%) C++ Quantitative Developer
9 4 (5.26%) KDB Developer
9 4 (5.26%) Senior
10 3 (3.95%) Java Developer - Algorithmic Trading
10 3 (3.95%) Senior Developer
11 2 (2.63%) Electronic Trading Support
11 2 (2.63%) Fidessa Support
11 2 (2.63%) Investment Banking Java Developer
11 2 (2.63%) Unix Support
Libraries, Frameworks & Software Standards
1 42 (55.26%) FIX Protocol
2 5 (6.58%) XML
3 3 (3.95%) Ultra Messaging
4 2 (2.63%) JSON
4 2 (2.63%) REST
5 1 (1.32%) .NET
5 1 (1.32%) Kafka
5 1 (1.32%) RabbitMQ
5 1 (1.32%) Rendezvous
5 1 (1.32%) Spring
5 1 (1.32%) Vue
Miscellaneous
1 28 (36.84%) Derivative
2 23 (30.26%) Fixed Income
3 17 (22.37%) Algorithms
4 13 (17.11%) Hedge funds
5 10 (13.16%) Equity Derivative
6 6 (7.89%) Equities
6 6 (7.89%) Foreign Exchange (FX)
7 2 (2.63%) Data Structures
7 2 (2.63%) Enterprise Software
7 2 (2.63%) Greenfield Project
7 2 (2.63%) Virtual Team
8 1 (1.32%) Distributed Systems
8 1 (1.32%) Reinsurance
Operating Systems
1 18 (23.68%) Linux
2 6 (7.89%) Unix
Processes & Methodologies
1 44 (57.89%) Low Latency
2 42 (55.26%) Electronic Trading
3 16 (21.05%) Analytics
3 16 (21.05%) High Availability
4 15 (19.74%) Capacity Management
4 15 (19.74%) Change Management
4 15 (19.74%) Incident Management
5 11 (14.47%) Systematic Trading
6 7 (9.21%) Agile
6 7 (9.21%) Multithreading
7 6 (7.89%) Computer Science
8 5 (6.58%) Problem-Solving
8 5 (6.58%) Test Automation
9 4 (5.26%) Automated Trading
9 4 (5.26%) Backtesting
9 4 (5.26%) CI/CD
9 4 (5.26%) Risk Management
10 3 (3.95%) OO
10 3 (3.95%) Order Management
10 3 (3.95%) Software Engineering
Programming Languages
1 26 (34.21%) Java
2 16 (21.05%) C++
3 9 (11.84%) Python
4 4 (5.26%) SQL
5 3 (3.95%) C#
5 3 (3.95%) Perl
5 3 (3.95%) PowerShell
6 1 (1.32%) Scala
Qualifications
1 11 (14.47%) CCNA
1 11 (14.47%) Cisco Certification
2 5 (6.58%) Degree
3 1 (1.32%) Computer Science Degree
3 1 (1.32%) Master's Degree
Quality Assurance & Compliance
1 1 (1.32%) MiFID
1 1 (1.32%) QA
System Software
1 1 (1.32%) Docker
Systems Management
1 15 (19.74%) ITRS Geneos
2 1 (1.32%) Kubernetes
2 1 (1.32%) Terraform
Vendors
1 11 (14.47%) Cisco
2 4 (5.26%) Solace
2 4 (5.26%) TIBCO
3 2 (2.63%) ION Trading
4 1 (1.32%) IBM
4 1 (1.32%) Microsoft
4 1 (1.32%) Oracle