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 February 2016 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 Feb 2016
Same period 2015 Same period 2014
Algo Trading
Rank 296 348 345
Rank change year-on-year
+52 -3
Contract jobs citing Algorithmic Trading 116 57 62
As % of all contract IT jobs located in London 0.55% 0.27% 0.29%
As % of the Processes & Methodologies category 0.66% 0.34% 0.36%
Number of daily rates quoted 96 45 47
Average daily rate £650 £613 £575
Average daily rate % change year-on-year
+6.12% +6.52%
90% offered a daily rate of more than £525 £400 £475
10% offered a daily rate of more than £700 £675 £675
UK excluding London average daily rate £600 £475 -
% change year-on-year
+26.31% -
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
17610 16725 17372
As % of all contract IT jobs located in London 83.27% 80.29% 80.41%
Number of daily rates quoted 12571 11968 11925
Average daily rate £475 £450 £438
Average daily rate % change year-on-year
+5.55% +2.85%
90% offered a daily rate of more than £325 £313 £300
10% offered a daily rate of more than £625 £600 £600
UK excluding London average daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 222 195 238
Average hourly rate £22.50 £21.50 £23.67
Average hourly rate % change year-on-year
+4.65% -9.16%
90% offered a hourly rate of more than £12.50 £12.50 £14.30
10% offered a hourly rate of more than £53.00 £49.00 £77.50
UK excluding London average hourly rate £40.00 £27.50 £27.50
% change year-on-year
+45.45% -

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 February 2016.

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 February 2016. 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 +42 19 £675 +5.46% 14
Docklands, London - 1 £475 -
Algorithmic Trading
England

Algorithmic Trading
Top 30 Related IT Skills in London

For the 6 months to 5 February 2016, 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.

1 121 (55.25%) Low Latency
2 108 (49.32%) Front Office
3 101 (46.12%) Banking
4 100 (45.66%) Foreign Exchange (FX)
5 97 (44.29%) Java
6 78 (35.62%) Finance
7 69 (31.51%) Investment Banking
8 65 (29.68%) Equities
9 59 (26.94%) Multithreading
10 51 (23.29%) C++
10 51 (23.29%) Market Making
11 50 (22.83%) Linux
12 48 (21.92%) KDB
13 44 (20.09%) Software Engineering
14 35 (15.98%) Electronic Trading
15 33 (15.07%) Analytical Skills
16 32 (14.61%) FIX Protocol
17 31 (14.16%) C#
18 28 (12.79%) Scala
18 28 (12.79%) MiFID
18 28 (12.79%) Python
19 27 (12.33%) Solaris
19 27 (12.33%) VTune
20 26 (11.87%) Data Structures
20 26 (11.87%) Agile Software Development
21 25 (11.42%) SQL
21 25 (11.42%) SQL Server
21 25 (11.42%) Algorithms
21 25 (11.42%) NoSQL
21 25 (11.42%) Open Source

Algorithmic Trading
Top Related IT Skills in London by Category

For the 6 months to 5 February 2016, 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 2 (0.91%) Oracle Coherence
2 1 (0.46%) Confluence
Applications
1 3 (1.37%) MS Excel
Business Applications
1 19 (8.68%) Summit
Cloud Services
1 1 (0.46%) Amazon AWS
1 1 (0.46%) IaaS
1 1 (0.46%) PaaS
Communications & Networking
1 7 (3.20%) TCP/IP
2 2 (0.91%) Multicast
3 1 (0.46%) Firewall
3 1 (0.46%) Unicast
Database & Business Intelligence
1 48 (21.92%) KDB
2 25 (11.42%) NoSQL
2 25 (11.42%) SQL Server
3 14 (6.39%) Relational Database
4 2 (0.91%) DTS
4 2 (0.91%) SQL Server 2000
4 2 (0.91%) SQL Server 2005
4 2 (0.91%) SQL Server 2008
4 2 (0.91%) SQL Server 2012
4 2 (0.91%) SQL Server Integration Services
4 2 (0.91%) Tick Data
5 1 (0.46%) Big Data
Development Applications
1 27 (12.33%) VTune
2 8 (3.65%) GDB
2 8 (3.65%) HP UFT
2 8 (3.65%) Selenium
3 3 (1.37%) Eclipse
4 2 (0.91%) Jenkins
5 1 (0.46%) Git (software)
5 1 (0.46%) JIRA
5 1 (0.46%) JUnit
General
1 108 (49.32%) Front Office
2 101 (46.12%) Banking
3 78 (35.62%) Finance
4 69 (31.51%) Investment Banking
5 20 (9.13%) Back Office
6 2 (0.91%) Legal
7 1 (0.46%) Games
Job Titles
1 109 (49.77%) Developer
2 56 (25.57%) Analyst
3 47 (21.46%) Java Developer
4 37 (16.89%) Business Analyst
5 32 (14.61%) Banking Analyst
5 32 (14.61%) Software Engineer
6 31 (14.16%) Java Engineer
6 31 (14.16%) Java Software Engineer
7 24 (10.96%) C# Developer
8 19 (8.68%) C++ Developer
8 19 (8.68%) Investment Banking Business Analyst
9 18 (8.22%) Senior Developer
10 17 (7.76%) Report Analyst
10 17 (7.76%) Senior Java Developer
11 16 (7.31%) Regulatory Business Analyst
11 16 (7.31%) Regulatory Reporting Business Analyst
12 15 (6.85%) Support Analyst
13 10 (4.57%) Unix Analyst
14 9 (4.11%) Unix Support
14 9 (4.11%) Unix Support Analyst
Libraries, Frameworks & Software Standards
1 32 (14.61%) FIX Protocol
2 18 (8.22%) WPF
3 17 (7.76%) WinForms
4 15 (6.85%) .NET
5 8 (3.65%) J2SE
5 8 (3.65%) MSMQ
6 3 (1.37%) JMX
6 3 (1.37%) Ultra Messaging
6 3 (1.37%) XML
7 2 (0.91%) HTML
7 2 (0.91%) HTML5
7 2 (0.91%) NumPy
7 2 (0.91%) Pandas
7 2 (0.91%) SciPy
8 1 (0.46%) Akka
8 1 (0.46%) AngularJS
8 1 (0.46%) Middleware
8 1 (0.46%) Protocol Buffers
8 1 (0.46%) Swing
8 1 (0.46%) Web Services
Miscellaneous
1 100 (45.66%) Foreign Exchange (FX)
2 65 (29.68%) Equities
3 33 (15.07%) Analytical Skills
4 26 (11.87%) Data Structures
5 25 (11.42%) Algorithms
6 23 (10.50%) Hedge funds
7 21 (9.59%) Market Risk
8 19 (8.68%) Fintech
9 17 (7.76%) Computer Science
10 14 (6.39%) Derivative
11 9 (4.11%) Fixed Income
12 8 (3.65%) Mathematics
13 6 (2.74%) Equity Derivative
14 3 (1.37%) Applied Mathematics
15 2 (0.91%) Clustering
15 2 (0.91%) N-Tier
15 2 (0.91%) Replication
16 1 (0.46%) Credit Risk
16 1 (0.46%) Grid Computing
16 1 (0.46%) Statistics
Operating Systems
1 50 (22.83%) Linux
2 27 (12.33%) Solaris
3 22 (10.05%) Unix
4 15 (6.85%) Windows
5 2 (0.91%) Red Hat Enterprise Linux
5 2 (0.91%) Windows Server
5 2 (0.91%) Windows Server 2008
5 2 (0.91%) Windows Server 2012
6 1 (0.46%) SUSE
6 1 (0.46%) SUSE Linux Enterprise Server
Processes & Methodologies
1 121 (55.25%) Low Latency
2 59 (26.94%) Multithreading
3 51 (23.29%) Market Making
4 44 (20.09%) Software Engineering
5 35 (15.98%) Electronic Trading
6 26 (11.87%) Agile Software Development
7 25 (11.42%) Open Source
8 20 (9.13%) Analytics
9 19 (8.68%) Data Management
9 19 (8.68%) Risk Management
10 17 (7.76%) Performance Optimisation
10 17 (7.76%) Performance Tuning
11 16 (7.31%) FX Algorithmic Trading
12 11 (5.02%) Garbage Collection
12 11 (5.02%) Ultra-Low Latency
13 10 (4.57%) DevOps
13 10 (4.57%) Migration
13 10 (4.57%) Release Management
14 9 (4.11%) Business Analysis
14 9 (4.11%) ITIL
Programming Languages
1 97 (44.29%) Java
2 51 (23.29%) C++
3 31 (14.16%) C#
4 28 (12.79%) Python
4 28 (12.79%) Scala
5 25 (11.42%) SQL
6 23 (10.50%) Perl
7 12 (5.48%) Bash Shell
8 7 (3.20%) C
9 3 (1.37%) PowerShell
10 2 (0.91%) Shell Script
10 2 (0.91%) T-SQL
10 2 (0.91%) VBScript
11 1 (0.46%) JavaScript
Qualifications
1 24 (10.96%) PhD
2 20 (9.13%) Degree
3 8 (3.65%) ISEB
3 8 (3.65%) ISTQB
Quality Assurance & Compliance
1 28 (12.79%) MiFID
2 19 (8.68%) AIFMD
2 19 (8.68%) EMIR
3 13 (5.94%) QA
System Software
1 24 (10.96%) Apache ZooKeeper
2 2 (0.91%) Hyper-V
3 1 (0.46%) Docker
Systems Management
1 9 (4.11%) ITRS Geneos
2 2 (0.91%) Tivoli
3 1 (0.46%) Ansible
3 1 (0.46%) Puppet
Vendors
1 20 (9.13%) Sybase
2 19 (8.68%) Calypso
2 19 (8.68%) Murex
3 15 (6.85%) Oracle
4 9 (4.11%) Splunk
5 8 (3.65%) Fidessa
6 4 (1.83%) TIBCO
7 2 (0.91%) Bloomberg
7 2 (0.91%) Microsoft
7 2 (0.91%) Red Hat
8 1 (0.46%) BT
8 1 (0.46%) Charles River
8 1 (0.46%) DataSynapse
8 1 (0.46%) Infragistics
8 1 (0.46%) Perforce
8 1 (0.46%) Radianz
City, London
McGregor Boyall
Rate: £450 - £550 per day
Posted: 3 days ago
London
Montash
Rate: £550 - £650 per day
Posted: 5 days ago
City, London
TEKsystems
Rate: £700 - £750 per day
Posted: 6 days ago
City of London
Huxley
Rate: £750 - £850 per day
Posted: 25 days ago