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 30 January 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
30 Jan 2015
Same period 2014 Same period 2013
Algorithmic Trading
Rank 337 332 340
Rank change year-on-year
-5 +8
Contract jobs citing Algorithmic Trading 61 61 23
As % of all contract IT jobs located in London 0.29% 0.28% 0.12%
As % of the Processes & Methodologies category 0.37% 0.36% 0.15%
Number of daily rates quoted 46 48 21
Average daily rate
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£600 £581 £600
Average daily rate % change year-on-year
+3.22% -3.12%
90% offered a daily rate of more than £400 £475 £325
10% offered a daily rate of more than £675 £683 £675
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
16509 16851 14875
As % of all contract IT jobs located in London 78.15% 78.18% 76.95%
Number of daily rates quoted 11820 11613 10314
Average daily rate £450 £445 £425
Average daily rate % change year-on-year
+1.12% +4.70%
90% offered a daily rate of more than £313 £300 £300
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £398 £375 £363
% change year-on-year
+6.00% +3.44%
Number of hourly rates quoted 184 235 295
Average hourly rate £22.00 £23.50 £27.00
Average hourly rate % change year-on-year
-6.38% -12.96%
90% offered a hourly rate of more than £12.04 £13.15 £13.50
10% offered a hourly rate of more than £52.50 £77.50 £50.00
UK excluding London average hourly rate £26.00 £27.50 £31.32
% change year-on-year
-5.45% -12.19%

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 30 January 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 30 January 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 +16 16 £645 +17.27% 17
Docklands, London - - - -
Algorithmic Trading
England

Algorithmic Trading
Top 30 Related IT Skills in London

For the 6 months to 30 January 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.

1 147 (73.87%) Low Latency
2 137 (68.84%) Multithreading
3 133 (66.83%) Foreign Exchange (FX)
4 131 (65.83%) Java
5 111 (55.78%) Front Office
6 72 (36.18%) Banking
7 57 (28.64%) Finance
8 44 (22.11%) Agile Software Development
8 44 (22.11%) FIX Protocol
8 44 (22.11%) SQL
9 41 (20.60%) UNIX
9 41 (20.60%) Investment Banking
10 39 (19.60%) Linux
11 38 (19.10%) Analytical Skills
12 37 (18.59%) C++
13 34 (17.09%) KDB
14 32 (16.08%) C#
14 32 (16.08%) Equities
15 26 (13.07%) Middleware
16 24 (12.06%) Risk Management
16 24 (12.06%) Degree
16 24 (12.06%) Algorithms
17 22 (11.06%) Performance Tuning
18 21 (10.55%) Perl
19 20 (10.05%) Python
19 20 (10.05%) Mathematics
20 19 (9.55%) OO
20 19 (9.55%) Relational Database
20 19 (9.55%) Electronic Trading
21 17 (8.54%) Computer Science

Algorithmic Trading
Top Related IT Skills in London by Category

For the 6 months to 30 January 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 (2.51%) TIBCO EMS
2 1 (0.50%) Oracle Coherence
2 1 (0.50%) MS Exchange
Applications
1 1 (0.50%) MS Office
Business Applications
1 1 (0.50%) RMDS
Communications & Networking
1 5 (2.51%) TCP/IP
2 4 (2.01%) Multicast
3 2 (1.01%) Firewall
4 1 (0.50%) DNS
Database & Business Intelligence
1 34 (17.09%) KDB
2 19 (9.55%) Relational Database
3 2 (1.01%) SQL Server
3 2 (1.01%) Big Data
3 2 (1.01%) SQL Server 2012
Development Applications
1 2 (1.01%) Visual Studio
1 2 (1.01%) Visual Studio Tools for Office
2 1 (0.50%) Subversion
2 1 (0.50%) Eclipse
General
1 111 (55.78%) Front Office
2 72 (36.18%) Banking
3 57 (28.64%) Finance
4 41 (20.60%) Investment Banking
5 2 (1.01%) Financial Institution
6 1 (0.50%) Mandarin Language
6 1 (0.50%) Back Office
6 1 (0.50%) Law
Job Titles
1 139 (69.85%) Developer
2 90 (45.23%) Java Developer
3 19 (9.55%) Analyst
4 18 (9.05%) C++ Developer
5 15 (7.54%) Senior Developer
6 13 (6.53%) Senior Java Developer
7 11 (5.53%) Support Analyst
8 8 (4.02%) Business Analyst
8 8 (4.02%) C# Developer
9 7 (3.52%) UNIX Engineer
10 6 (3.02%) WPF Developer
10 6 (3.02%) Lead Developer
10 6 (3.02%) Quantitative Developer
11 5 (2.51%) Python Developer
12 4 (2.01%) Lead Java Developer
13 3 (1.51%) FIX Analyst
13 3 (1.51%) Banking Business Analyst
13 3 (1.51%) Infrastructure Engineer
14 2 (1.01%) Quality Engineer
14 2 (1.01%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 44 (22.11%) FIX Protocol
2 26 (13.07%) Middleware
3 11 (5.53%) STL
3 11 (5.53%) Boost C++ Libraries
4 10 (5.03%) Spring
4 10 (5.03%) WPF
5 9 (4.52%) JMS
5 9 (4.52%) Rendezvous
6 7 (3.52%) LINQ
7 4 (2.01%) Reactive Extensions
8 3 (1.51%) HTML5
8 3 (1.51%) .NET
8 3 (1.51%) HTML
9 2 (1.01%) Silverlight
9 2 (1.01%) .NET Framework
9 2 (1.01%) Java SE
9 2 (1.01%) ASP.NET Web API
9 2 (1.01%) ADO.NET Entity Framework
9 2 (1.01%) Task Parallel Library
10 1 (0.50%) XML
Miscellaneous
1 133 (66.83%) Foreign Exchange (FX)
2 38 (19.10%) Analytical Skills
3 32 (16.08%) Equities
4 24 (12.06%) Algorithms
5 20 (10.05%) Mathematics
6 17 (8.54%) Computer Science
7 15 (7.54%) VWAP
7 15 (7.54%) TWAP
8 14 (7.04%) Derivative
9 10 (5.03%) Data Structures
10 9 (4.52%) Fixed Income
11 7 (3.52%) Clustering
12 6 (3.02%) Management Information System
12 6 (3.02%) Physics
13 3 (1.51%) Hedge funds
13 3 (1.51%) Credit Derivative
14 2 (1.01%) Equity Derivative
14 2 (1.01%) Statistical Arbitrage
14 2 (1.01%) Open Source
15 1 (0.50%) Visualisation
Operating Systems
1 41 (20.60%) UNIX
2 39 (19.60%) Linux
3 11 (5.53%) Red Hat Enterprise Linux
4 9 (4.52%) Windows
5 8 (4.02%) Solaris
6 7 (3.52%) SUSE
6 7 (3.52%) AIX
6 7 (3.52%) SUSE Linux Enterprise Server
7 6 (3.02%) Oracle Linux
8 1 (0.50%) CentOS
Processes & Methodologies
1 147 (73.87%) Low Latency
2 137 (68.84%) Multithreading
3 44 (22.11%) Agile Software Development
4 24 (12.06%) Risk Management
5 22 (11.06%) Performance Tuning
6 19 (9.55%) OO
6 19 (9.55%) Electronic Trading
7 12 (6.03%) TDD
8 11 (5.53%) Software Engineering
9 9 (4.52%) E-Commerce
10 8 (4.02%) Operations Research
11 7 (3.52%) Configuration Management
11 7 (3.52%) Project Management
11 7 (3.52%) Financial Modelling
12 6 (3.02%) Ultra-Low Latency
12 6 (3.02%) ITSM
12 6 (3.02%) Service Management
12 6 (3.02%) ITIL
13 5 (2.51%) Numerical Analysis
13 5 (2.51%) Enterprise Architecture
Programming Languages
1 131 (65.83%) Java
2 44 (22.11%) SQL
3 37 (18.59%) C++
4 32 (16.08%) C#
5 21 (10.55%) Perl
6 20 (10.05%) Python
7 7 (3.52%) Ruby
8 3 (1.51%) C
9 2 (1.01%) T-SQL
9 2 (1.01%) Shell Script
9 2 (1.01%) C-shell
10 1 (0.50%) Bash Shell
10 1 (0.50%) PowerShell
10 1 (0.50%) Korn
10 1 (0.50%) XAML
10 1 (0.50%) AWK
10 1 (0.50%) VB
Qualifications
1 24 (12.06%) Degree
2 2 (1.01%) PhD
Quality Assurance & Compliance
1 3 (1.51%) QA
2 2 (1.01%) MiFID
2 2 (1.01%) EMIR
2 2 (1.01%) Dodd-Frank
System Software
1 7 (3.52%) Veritas Cluster Server
2 2 (1.01%) Firmware
3 1 (0.50%) Active Directory
Systems Management
1 7 (3.52%) Opscode Chef
1 7 (3.52%) Puppet
1 7 (3.52%) HP Operations Orchestration
2 1 (0.50%) CFEngine
Vendors
1 10 (5.03%) 29West
1 10 (5.03%) Oracle
2 9 (4.52%) TIBCO
2 9 (4.52%) Informatica
3 8 (4.02%) Veritas
4 7 (3.52%) HP
4 7 (3.52%) EMC
4 7 (3.52%) Red Hat
5 5 (2.51%) Sybase
5 5 (2.51%) IBM
6 4 (2.01%) StreamBase
7 3 (1.51%) Microsoft
7 3 (1.51%) Bloomberg
8 2 (1.01%) Cisco
8 2 (1.01%) Infragistics
8 2 (1.01%) ION Trading
9 1 (0.50%) Sun
9 1 (0.50%) Intel
London
Hatstand Limited
Rate: £500 - £600 per day
Posted: 2 days ago
London
TEKsystems
Rate: £650 - £700 per day
Posted: 4 days ago
London
McGregor Boyall
Rate: £550 - £675 per day
Posted: 6 days ago