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 31 July 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
31 Jul 2015
Same period 2014 Same period 2013
Algo Trading
Rank 327 334 331
Rank change year-on-year
+7 -3
Contract jobs citing Algorithmic Trading 98 89 89
As % of all contract IT jobs located in London 0.42% 0.38% 0.37%
As % of the Processes & Methodologies category 0.53% 0.48% 0.47%
Number of daily rates quoted 84 79 69
Average daily rate
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£675 £650 £600
Average daily rate % change year-on-year
+3.84% +8.33%
90% offered a daily rate of more than £462 £523 £498
10% offered a daily rate of more than £750 £700 £700
UK excluding London average daily rate £450 £375 -
% change year-on-year
+20.00% -
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
18590 18554 19032
As % of all contract IT jobs located in London 79.19% 78.90% 78.50%
Number of daily rates quoted 13248 12960 13184
Average daily rate £450 £445 £450
Average daily rate % change year-on-year
+1.12% -1.11%
90% offered a daily rate of more than £313 £300 £300
10% offered a daily rate of more than £625 £600 £600
UK excluding London average daily rate £388 £375 £375
% change year-on-year
+3.33% -
Number of hourly rates quoted 224 225 260
Average hourly rate £22.00 £20.50 £27.99
Average hourly rate % change year-on-year
+7.31% -26.74%
90% offered a hourly rate of more than £13.00 £14.00 £15.00
10% offered a hourly rate of more than £66.00 £53.50 £51.36
UK excluding London average hourly rate £30.50 £26.50 £31.00
% change year-on-year
+15.09% -14.51%

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 31 July 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 31 July 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 -10 36 £725 +11.53% 18
Algorithmic Trading
England

Algorithmic Trading
Top 30 Related IT Skills in London

For the 6 months to 31 July 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.

1 115 (55.56%) Low Latency
2 95 (45.89%) Foreign Exchange (FX)
3 91 (43.96%) Front Office
4 80 (38.65%) Java
5 78 (37.68%) Multithreading
6 76 (36.71%) Equities
7 73 (35.27%) FIX Protocol
8 71 (34.30%) Banking
9 68 (32.85%) Finance
9 68 (32.85%) Linux
10 67 (32.37%) C++
11 50 (24.15%) UNIX
12 45 (21.74%) Algorithms
13 43 (20.77%) Investment Banking
14 39 (18.84%) SQL
15 36 (17.39%) Agile Software Development
16 31 (14.98%) Electronic Trading
17 30 (14.49%) Derivative
18 29 (14.01%) KDB
18 29 (14.01%) C#
19 26 (12.56%) Market Making
19 26 (12.56%) FX Algorithmic Trading
20 25 (12.08%) Risk Management
21 23 (11.11%) Fixed Income
21 23 (11.11%) Perl
22 22 (10.63%) Python
22 22 (10.63%) Software Engineering
23 21 (10.14%) TDD
23 21 (10.14%) Degree
24 20 (9.66%) WPF

Algorithmic Trading
Top Related IT Skills in London by Category

For the 6 months to 31 July 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.

Applications
1 2 (0.97%) MS Excel
2 1 (0.48%) MS Office
Business Applications
1 1 (0.48%) Summit
1 1 (0.48%) RMDS
1 1 (0.48%) Kondor+
Communications & Networking
1 6 (2.90%) TCP/IP
2 4 (1.93%) Multicast
3 1 (0.48%) DHCP
3 1 (0.48%) HTTP
3 1 (0.48%) DNS
3 1 (0.48%) SAN
3 1 (0.48%) Internet
3 1 (0.48%) iSCSI
3 1 (0.48%) NAS
Database & Business Intelligence
1 29 (14.01%) KDB
2 7 (3.38%) SQL Server
3 3 (1.45%) Relational Database
4 2 (0.97%) NoSQL
Development Applications
1 7 (3.38%) Subversion
1 7 (3.38%) Eclipse
2 3 (1.45%) Jenkins
2 3 (1.45%) Maven
3 1 (0.48%) Rhino Mocks
3 1 (0.48%) NMock
3 1 (0.48%) NUnit
General
1 91 (43.96%) Front Office
2 71 (34.30%) Banking
3 68 (32.85%) Finance
4 43 (20.77%) Investment Banking
5 8 (3.86%) Financial Institution
6 3 (1.45%) Marketing
7 2 (0.97%) Back Office
8 1 (0.48%) Advertising
8 1 (0.48%) Retail Banking
8 1 (0.48%) Corporate Banking
8 1 (0.48%) Retail
Job Titles
1 143 (69.08%) Developer
2 66 (31.88%) Java Developer
3 48 (23.19%) C++ Developer
4 41 (19.81%) Analyst
5 29 (14.01%) Senior Developer
6 22 (10.63%) Senior Java Developer
7 20 (9.66%) Support Analyst
8 17 (8.21%) C# Developer
9 13 (6.28%) Applications Support
10 12 (5.80%) Business Analyst
10 12 (5.80%) FIX Analyst
11 8 (3.86%) WPF Developer
11 8 (3.86%) Applications Support Analyst
12 5 (2.42%) Senior WPF Developer
13 4 (1.93%) Investment Banking Business Analyst
14 3 (1.45%) Junior Support Analyst
14 3 (1.45%) Senior Architect
14 3 (1.45%) Core Java Developer
14 3 (1.45%) C# Software Engineer
14 3 (1.45%) Junior
Libraries, Frameworks & Software Standards
1 73 (35.27%) FIX Protocol
2 20 (9.66%) WPF
3 14 (6.76%) J2SE
3 14 (6.76%) Middleware
4 11 (5.31%) .NET
5 8 (3.86%) STL
5 8 (3.86%) Boost C++ Libraries
6 7 (3.38%) WinForms
7 6 (2.90%) Reactive Extensions
8 5 (2.42%) LINQ
8 5 (2.42%) AngularJS
8 5 (2.42%) Spring
9 3 (1.45%) HTML5
9 3 (1.45%) HTML
10 2 (0.97%) Silverlight
10 2 (0.97%) WCF
10 2 (0.97%) J2EE
11 1 (0.48%) Swing
11 1 (0.48%) Ultra Messaging
11 1 (0.48%) Ninject
Miscellaneous
1 95 (45.89%) Foreign Exchange (FX)
2 76 (36.71%) Equities
3 45 (21.74%) Algorithms
4 30 (14.49%) Derivative
5 23 (11.11%) Fixed Income
6 20 (9.66%) Data Structures
7 16 (7.73%) Analytical Skills
8 14 (6.76%) Mathematics
9 12 (5.80%) Equity Derivative
10 11 (5.31%) Hedge funds
11 7 (3.38%) Physics
11 7 (3.38%) Computer Science
12 5 (2.42%) Tandem
12 5 (2.42%) Field-Programmable Gate Array
13 4 (1.93%) VWAP
13 4 (1.93%) SCADA
13 4 (1.93%) TWAP
14 3 (1.45%) Visualisation
14 3 (1.45%) Index Arbitrage
14 3 (1.45%) Clustering
Operating Systems
1 68 (32.85%) Linux
2 50 (24.15%) UNIX
3 11 (5.31%) Windows
4 4 (1.93%) Red Hat Enterprise Linux
5 3 (1.45%) SUSE
5 3 (1.45%) AIX
5 3 (1.45%) Solaris
5 3 (1.45%) Oracle Linux
5 3 (1.45%) SUSE Linux Enterprise Server
6 1 (0.48%) Windows Server 2012
6 1 (0.48%) Windows Server 2008
6 1 (0.48%) Windows 7
Processes & Methodologies
1 115 (55.56%) Low Latency
2 78 (37.68%) Multithreading
3 36 (17.39%) Agile Software Development
4 31 (14.98%) Electronic Trading
5 26 (12.56%) Market Making
5 26 (12.56%) FX Algorithmic Trading
6 25 (12.08%) Risk Management
7 22 (10.63%) Software Engineering
8 21 (10.14%) TDD
9 15 (7.25%) OO
10 10 (4.83%) Garbage Collection
11 7 (3.38%) Performance Tuning
11 7 (3.38%) Continuous Integration
11 7 (3.38%) Stakeholder Engagement
12 6 (2.90%) Open Source
12 6 (2.90%) Performance Analysis
12 6 (2.90%) Migration
12 6 (2.90%) Operations Research
13 5 (2.42%) E-Commerce
13 5 (2.42%) UML
Programming Languages
1 80 (38.65%) Java
2 67 (32.37%) C++
3 39 (18.84%) SQL
4 29 (14.01%) C#
5 23 (11.11%) Perl
6 22 (10.63%) Python
7 13 (6.28%) Shell Script
8 8 (3.86%) C
9 6 (2.90%) JavaScript
9 6 (2.90%) PowerShell
10 3 (1.45%) Bash Shell
10 3 (1.45%) Ruby
11 2 (0.97%) AWK
11 2 (0.97%) Tcl
11 2 (0.97%) VB
11 2 (0.97%) Scala
12 1 (0.48%) C-shell
12 1 (0.48%) XAML
12 1 (0.48%) PL/SQL
12 1 (0.48%) VBScript
Qualifications
1 21 (10.14%) Degree
2 8 (3.86%) PhD
Quality Assurance & Compliance
1 1 (0.48%) MiFID
1 1 (0.48%) QA
System Software
1 5 (2.42%) Active Directory
2 3 (1.45%) Veritas Cluster Server
3 1 (0.48%) NFS
3 1 (0.48%) VMware ESX
3 1 (0.48%) VMware Infrastructure
Systems Management
1 3 (1.45%) HP Operations Orchestration
1 3 (1.45%) Puppet
1 3 (1.45%) Opscode Chef
2 2 (0.97%) Tivoli
3 1 (0.48%) WMI
Vendors
1 11 (5.31%) Sybase
2 9 (4.35%) Oracle
3 7 (3.38%) Fidessa
4 4 (1.93%) Red Hat
4 4 (1.93%) ION Trading
5 3 (1.45%) Portware
5 3 (1.45%) Veritas
5 3 (1.45%) HP
5 3 (1.45%) EMC
6 2 (0.97%) Microsoft
6 2 (0.97%) Bloomberg
6 2 (0.97%) Infragistics
6 2 (0.97%) Perforce
7 1 (0.48%) VMware
7 1 (0.48%) NYFIX
7 1 (0.48%) Charles River
7 1 (0.48%) Reuters
7 1 (0.48%) Murex
7 1 (0.48%) Calypso
7 1 (0.48%) Cognizant
City of London
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TEKsystems
Rate: £500 - £550 per day
Posted: 6 days ago