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 5 May 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
5 May 2015
Same period 2014 Same period 2013
Algo Trading
Rank 295 378 313
Rank change year-on-year
+83 -65
Contract jobs citing Algorithmic Trading 106 37 75
As % of all contract IT jobs located in London 0.47% 0.16% 0.35%
As % of the Processes & Methodologies category 0.60% 0.20% 0.45%
Number of daily rates quoted 76 34 59
Average daily rate
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£625 £625 £550
Average daily rate % change year-on-year
- +13.63%
90% offered a daily rate of more than £494 £500 £500
10% offered a daily rate of more than £750 £738 £700
UK excluding London average daily rate £650 - -
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
17601 18256 16725
As % of all contract IT jobs located in London 78.28% 78.22% 77.30%
Number of daily rates quoted 12320 13018 11607
Average daily rate £450 £435 £450
Average daily rate % change year-on-year
+3.44% -3.33%
90% offered a daily rate of more than £310 £300 £300
10% offered a daily rate of more than £613 £600 £600
UK excluding London average daily rate £388 £375 £360
% change year-on-year
+3.33% +4.16%
Number of hourly rates quoted 247 228 233
Average hourly rate £20.50 £22.50 £30.50
Average hourly rate % change year-on-year
-8.88% -26.22%
90% offered a hourly rate of more than £11.00 £13.00 £14.00
10% offered a hourly rate of more than £82.50 £50.00 £135.00
UK excluding London average hourly rate £30.00 £30.33 £32.00
% change year-on-year
-1.07% -5.23%

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 5 May 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 5 May 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 +22 22 £550 -12.00% 16
Docklands, London - 1 £575 -
Canary Wharf - 1 £450 -
Algorithmic Trading
England

Algorithmic Trading
Top 30 Related IT Skills in London

For the 6 months to 5 May 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.

1 102 (61.45%) Low Latency
2 82 (49.40%) Front Office
3 75 (45.18%) Java
4 71 (42.77%) Finance
5 65 (39.16%) Multithreading
6 60 (36.14%) FIX Protocol
7 59 (35.54%) Equities
7 59 (35.54%) Foreign Exchange (FX)
8 58 (34.94%) Banking
9 51 (30.72%) UNIX
10 47 (28.31%) Linux
10 47 (28.31%) C++
11 41 (24.70%) Agile Software Development
12 39 (23.49%) Investment Banking
13 29 (17.47%) SQL
14 28 (16.87%) Perl
15 27 (16.27%) KDB
15 27 (16.27%) Electronic Trading
16 25 (15.06%) Algorithms
16 25 (15.06%) TDD
17 24 (14.46%) Risk Management
17 24 (14.46%) OO
18 23 (13.86%) Derivative
19 22 (13.25%) Middleware
20 21 (12.65%) C#
21 20 (12.05%) Python
22 16 (9.64%) Software Engineering
22 16 (9.64%) Mathematics
23 14 (8.43%) Fixed Income
24 12 (7.23%) Degree

Algorithmic Trading
Top Related IT Skills in London by Category

For the 6 months to 5 May 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 1 (0.60%) MS Exchange
Applications
1 2 (1.20%) MS Excel
2 1 (0.60%) MS Office
Business Applications
1 1 (0.60%) RMDS
Communications & Networking
1 7 (4.22%) TCP/IP
2 4 (2.41%) Multicast
3 1 (0.60%) DHCP
3 1 (0.60%) HTTP
3 1 (0.60%) DNS
3 1 (0.60%) SAN
3 1 (0.60%) iSCSI
3 1 (0.60%) NAS
Database & Business Intelligence
1 27 (16.27%) KDB
2 5 (3.01%) Relational Database
3 4 (2.41%) SQL Server
Development Applications
1 8 (4.82%) Subversion
1 8 (4.82%) Eclipse
2 3 (1.81%) Jenkins
2 3 (1.81%) Maven
3 1 (0.60%) Rhino Mocks
3 1 (0.60%) NMock
3 1 (0.60%) NUnit
General
1 82 (49.40%) Front Office
2 71 (42.77%) Finance
3 58 (34.94%) Banking
4 39 (23.49%) Investment Banking
5 3 (1.81%) Marketing
5 3 (1.81%) Financial Institution
6 2 (1.20%) Back Office
7 1 (0.60%) Advertising
7 1 (0.60%) Retail Banking
7 1 (0.60%) Corporate Banking
7 1 (0.60%) Retail
7 1 (0.60%) Mandarin Language
Job Titles
1 107 (64.46%) Developer
2 59 (35.54%) Java Developer
3 32 (19.28%) Analyst
4 31 (18.67%) C++ Developer
5 22 (13.25%) Senior Developer
6 18 (10.84%) Senior Java Developer
7 17 (10.24%) Support Analyst
8 10 (6.02%) C# Developer
8 10 (6.02%) FIX Analyst
9 9 (5.42%) Business Analyst
10 7 (4.22%) Applications Support
11 5 (3.01%) WPF Developer
12 4 (2.41%) Senior WPF Developer
12 4 (2.41%) UNIX Engineer
12 4 (2.41%) Python Developer
13 3 (1.81%) Lead Java Developer
13 3 (1.81%) Banking Business Analyst
13 3 (1.81%) Java Architect
13 3 (1.81%) Senior Java Architect
13 3 (1.81%) Lead Developer
Libraries, Frameworks & Software Standards
1 60 (36.14%) FIX Protocol
2 22 (13.25%) Middleware
3 10 (6.02%) WPF
4 6 (3.61%) .NET
4 6 (3.61%) STL
4 6 (3.61%) Boost C++ Libraries
4 6 (3.61%) Reactive Extensions
5 5 (3.01%) LINQ
5 5 (3.01%) Spring
6 4 (2.41%) J2SE
7 3 (1.81%) AngularJS
7 3 (1.81%) Ultra Messaging
8 2 (1.20%) HTML5
8 2 (1.20%) JMS
8 2 (1.20%) Rendezvous
8 2 (1.20%) TIBCO EMS
8 2 (1.20%) HTML
8 2 (1.20%) Silverlight
9 1 (0.60%) WCF
9 1 (0.60%) WinForms
Miscellaneous
1 59 (35.54%) Foreign Exchange (FX)
1 59 (35.54%) Equities
2 25 (15.06%) Algorithms
3 23 (13.86%) Derivative
4 16 (9.64%) Mathematics
5 14 (8.43%) Fixed Income
6 9 (5.42%) Clustering
7 8 (4.82%) Management Information System
7 8 (4.82%) Data Structures
8 7 (4.22%) Equity Derivative
9 6 (3.61%) Physics
9 6 (3.61%) Open Source
10 5 (3.01%) Analytical Skills
11 4 (2.41%) Visualisation
11 4 (2.41%) Hedge funds
11 4 (2.41%) TWAP
11 4 (2.41%) VWAP
11 4 (2.41%) SCADA
12 3 (1.81%) Tandem
12 3 (1.81%) Field-Programmable Gate Array
Operating Systems
1 51 (30.72%) UNIX
2 47 (28.31%) Linux
3 9 (5.42%) SUSE
3 9 (5.42%) Red Hat Enterprise Linux
3 9 (5.42%) AIX
3 9 (5.42%) Solaris
3 9 (5.42%) SUSE Linux Enterprise Server
4 8 (4.82%) Oracle Linux
4 8 (4.82%) Windows
5 1 (0.60%) Windows 7
5 1 (0.60%) Windows Server 2008
5 1 (0.60%) Windows Server 2012
Processes & Methodologies
1 102 (61.45%) Low Latency
2 65 (39.16%) Multithreading
3 41 (24.70%) Agile Software Development
4 27 (16.27%) Electronic Trading
5 25 (15.06%) TDD
6 24 (14.46%) Risk Management
6 24 (14.46%) OO
7 16 (9.64%) Software Engineering
8 12 (7.23%) FX Algorithmic Trading
9 11 (6.63%) Garbage Collection
10 10 (6.02%) Configuration Management
11 8 (4.82%) Service Management
11 8 (4.82%) ITIL
11 8 (4.82%) ITSM
12 7 (4.22%) Project Management
12 7 (4.22%) Operations Research
12 7 (4.22%) Stakeholder Engagement
12 7 (4.22%) Financial Modelling
13 6 (3.61%) Concurrent Programming
13 6 (3.61%) Continuous Integration
Programming Languages
1 75 (45.18%) Java
2 47 (28.31%) C++
3 29 (17.47%) SQL
4 28 (16.87%) Perl
5 21 (12.65%) C#
6 20 (12.05%) Python
7 9 (5.42%) Ruby
8 5 (3.01%) Shell Script
9 4 (2.41%) JavaScript
10 2 (1.20%) VB
10 2 (1.20%) PowerShell
10 2 (1.20%) Scala
10 2 (1.20%) AWK
11 1 (0.60%) C-shell
11 1 (0.60%) XAML
11 1 (0.60%) Tcl
11 1 (0.60%) VBScript
Qualifications
1 12 (7.23%) Degree
2 1 (0.60%) PhD
Quality Assurance & Compliance
1 4 (2.41%) QA
System Software
1 9 (5.42%) Veritas Cluster Server
2 2 (1.20%) Active Directory
3 1 (0.60%) VMware ESX
3 1 (0.60%) VMware Infrastructure
3 1 (0.60%) NFS
Systems Management
1 9 (5.42%) HP Operations Orchestration
1 9 (5.42%) Puppet
1 9 (5.42%) Opscode Chef
2 1 (0.60%) WMI
Vendors
1 10 (6.02%) Oracle
2 9 (5.42%) Veritas
2 9 (5.42%) HP
2 9 (5.42%) EMC
3 8 (4.82%) Red Hat
3 8 (4.82%) Sybase
4 6 (3.61%) ION Trading
5 5 (3.01%) Solace
5 5 (3.01%) TIBCO
6 4 (2.41%) IBM
7 3 (1.81%) Microsoft
7 3 (1.81%) Fidessa
7 3 (1.81%) Portware
8 2 (1.20%) Informatica
9 1 (0.60%) 3PAR
9 1 (0.60%) Sun
9 1 (0.60%) NYFIX
9 1 (0.60%) Infragistics
9 1 (0.60%) Perforce
9 1 (0.60%) VMware
City, London
TEKsystems
Rate: £550 - £600 per day
Posted: 7 hours ago
City, London
Harrington Starr
Rate: £700 per day
Posted: 11 hours ago
City, London
McGregor Boyall
Rate: £650 - £800 per day
Posted: 4 days ago
London
TEKsystems
Rate: £650 - £800 per day
Posted: 5 days ago
City of London
Harrington Starr
Rate: £500 - £700 per day
Posted: 5 days ago
London
Pioneer Search
Rate: £700 - £800 per day
Posted: 5 days ago