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 contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 3 May 2016 with a comparison to the same period over 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.

3 months to
3 May 2016
Same period 2015 Same period 2014
Algo Trading
Rank 359 313 393
Rank change year-on-year
-46 +80
Contract jobs citing Algorithmic Trading 85 108 41
As % of all contract IT jobs located in London 0.37% 0.48% 0.17%
As % of the Processes & Methodologies category 0.44% 0.60% 0.21%
Number of daily rates quoted 70 79 36
Median daily rate £700 £625 £625
Median daily rate % change year-on-year
+12.00% -
90% offered a daily rate of more than £463 £498 £500
10% offered a daily rate of more than £725 £750 £738
UK excluding London median daily rate - £650 -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
19139 18033 19103
As % of all contract IT jobs located in London 83.78% 80.75% 80.60%
Number of daily rates quoted 13950 12592 13565
Median daily rate £475 £450 £425
Median daily rate % change year-on-year
+5.55% +5.88%
90% offered a daily rate of more than £325 £310 £300
10% offered a daily rate of more than £625 £600 £600
UK excluding London median daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 165 257 238
Median hourly rate £21.89 £20.31 £23.00
Median hourly rate % change year-on-year
+7.77% -11.69%
90% offered a hourly rate of more than £12.50 £11.00 £13.00
10% offered a hourly rate of more than £52.42 £55.00 £50.00
UK excluding London median hourly rate £36.00 £31.00 £31.50
% change year-on-year
+16.12% -1.58%

Algorithmic Trading
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing Algorithmic Trading as a proportion of all IT contracts with a match in 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 3 May 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 median contractor rates quoted in IT jobs citing Algorithmic Trading within the London region over the 3 months to 3 May 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +36 24 £700 +27.27% 8
Algorithmic Trading
England

Algorithmic Trading
Top 30 Related IT Skills in London

For the 6 months to 3 May 2016, IT contractor jobs citing Algorithmic Trading also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for Algorithmic Trading.

1 127 (63.50%) Front Office
2 119 (59.50%) Low Latency
3 114 (57.00%) Foreign Exchange (FX)
4 86 (43.00%) Banking
5 82 (41.00%) Multithreading
6 75 (37.50%) Market Making
7 74 (37.00%) C++
7 74 (37.00%) Java
8 57 (28.50%) Finance
9 54 (27.00%) Equities
10 53 (26.50%) Investment Banking
11 51 (25.50%) Linux
12 50 (25.00%) Electronic Trading
13 46 (23.00%) FIX Protocol
13 46 (23.00%) Analytical Skills
14 43 (21.50%) C#
15 41 (20.50%) KDB
16 38 (19.00%) Unix
17 37 (18.50%) Risk Management
18 31 (15.50%) WPF
19 30 (15.00%) Analytics
19 30 (15.00%) Agile Software Development
19 30 (15.00%) SQL
19 30 (15.00%) PhD
19 30 (15.00%) Algorithms
20 29 (14.50%) WinForms
21 27 (13.50%) SQL Server
21 27 (13.50%) Degree
21 27 (13.50%) Performance Optimisation
22 26 (13.00%) Perl

Algorithmic Trading
Top Related IT Skills in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 2 (1.00%) Apache
1 2 (1.00%) Apache Spark
1 2 (1.00%) Confluence
1 2 (1.00%) Oracle Coherence
Applications
1 4 (2.00%) MS Excel
Business Applications
1 13 (6.50%) Summit
2 1 (0.50%) ION MarketView
2 1 (0.50%) Oracle Procure-to-Pay
2 1 (0.50%) RMDS
Communications & Networking
1 11 (5.50%) TCP/IP
2 3 (1.50%) Firewall
3 2 (1.00%) Multicast
4 1 (0.50%) BGP
4 1 (0.50%) HTTP
4 1 (0.50%) LAN
4 1 (0.50%) SNMP
4 1 (0.50%) Unicast
Database & Business Intelligence
1 41 (20.50%) KDB
2 27 (13.50%) SQL Server
3 8 (4.00%) Relational Database
4 5 (2.50%) NoSQL
5 4 (2.00%) SQL Server 2014
6 3 (1.50%) DTS
6 3 (1.50%) SQL Server 2000
6 3 (1.50%) SQL Server 2005
6 3 (1.50%) SQL Server 2008
6 3 (1.50%) SQL Server 2012
6 3 (1.50%) SQL Server Integration Services
7 2 (1.00%) Big Data
7 2 (1.00%) DB2
8 1 (0.50%) Tick Data
Development Applications
1 12 (6.00%) GDB
2 10 (5.00%) HP UFT
2 10 (5.00%) Selenium
3 5 (2.50%) VTune
4 4 (2.00%) Subversion
5 3 (1.50%) Eclipse
5 3 (1.50%) JIRA
6 2 (1.00%) Ant
6 2 (1.00%) Git (software)
6 2 (1.00%) Jasmine
6 2 (1.00%) Jenkins
6 2 (1.00%) JSUnit
6 2 (1.00%) Mocha
6 2 (1.00%) Moq
6 2 (1.00%) NUnit
6 2 (1.00%) QUnit
6 2 (1.00%) Rhino Mocks
6 2 (1.00%) Sinon.JS
6 2 (1.00%) TeamCity
6 2 (1.00%) Visual Studio
General
1 127 (63.50%) Front Office
2 86 (43.00%) Banking
3 57 (28.50%) Finance
4 53 (26.50%) Investment Banking
5 14 (7.00%) Back Office
Job Titles
1 125 (62.50%) Developer
2 44 (22.00%) Java Developer
3 42 (21.00%) Analyst
4 33 (16.50%) C# Developer
5 32 (16.00%) C++ Developer
6 26 (13.00%) Banking Analyst
7 23 (11.50%) Business Analyst
8 13 (6.50%) Investment Banking Business Analyst
8 13 (6.50%) Regulatory Business Analyst
8 13 (6.50%) Regulatory Reporting Business Analyst
8 13 (6.50%) Report Analyst
8 13 (6.50%) Support Analyst
9 12 (6.00%) Unix Analyst
10 11 (5.50%) FX Support Analyst
10 11 (5.50%) QA Tester
10 11 (5.50%) Senior Developer
10 11 (5.50%) Senior Java Developer
10 11 (5.50%) Tester
10 11 (5.50%) Unix Support
10 11 (5.50%) Unix Support Analyst
Libraries, Frameworks & Software Standards
1 46 (23.00%) FIX Protocol
2 31 (15.50%) WPF
3 29 (14.50%) WinForms
4 20 (10.00%) .NET
5 10 (5.00%) MSMQ
6 6 (3.00%) STL
7 5 (2.50%) Middleware
7 5 (2.50%) XML
8 4 (2.00%) Boost C++ Libraries
8 4 (2.00%) HTML
9 3 (1.50%) HTML5
9 3 (1.50%) J2SE
9 3 (1.50%) JMX
9 3 (1.50%) Ultra Messaging
10 2 (1.00%) ADO.NET
10 2 (1.00%) ASP.NET
10 2 (1.00%) CSS
10 2 (1.00%) Entity Framework
10 2 (1.00%) JMS
10 2 (1.00%) Swing
Miscellaneous
1 114 (57.00%) Foreign Exchange (FX)
2 54 (27.00%) Equities
3 46 (23.00%) Analytical Skills
4 30 (15.00%) Algorithms
5 23 (11.50%) Data Structures
6 19 (9.50%) Fintech
7 18 (9.00%) Hedge funds
8 16 (8.00%) Fixed Income
9 13 (6.50%) Market Risk
10 8 (4.00%) Computer Science
11 5 (2.50%) Derivative
11 5 (2.50%) N-Tier
12 4 (2.00%) Clustering
13 3 (1.50%) Credit Risk
13 3 (1.50%) Equity Derivative
13 3 (1.50%) Replication
14 2 (1.00%) Data Centre
14 2 (1.00%) Mathematics
14 2 (1.00%) Visualisation
15 1 (0.50%) User Experience
Operating Systems
1 51 (25.50%) Linux
2 38 (19.00%) Unix
3 12 (6.00%) Windows
4 6 (3.00%) Solaris
5 3 (1.50%) Windows Server
5 3 (1.50%) Windows Server 2008
5 3 (1.50%) Windows Server 2012
6 2 (1.00%) Red Hat Enterprise Linux
7 1 (0.50%) AIX
7 1 (0.50%) Oracle Linux
7 1 (0.50%) SUSE
7 1 (0.50%) SUSE Linux Enterprise Server
Processes & Methodologies
1 119 (59.50%) Low Latency
2 82 (41.00%) Multithreading
3 75 (37.50%) Market Making
4 50 (25.00%) Electronic Trading
5 37 (18.50%) Risk Management
6 30 (15.00%) Agile Software Development
6 30 (15.00%) Analytics
7 27 (13.50%) Performance Optimisation
8 23 (11.50%) FX Algorithmic Trading
9 21 (10.50%) Data Management
10 14 (7.00%) Ultra-Low Latency
11 13 (6.50%) ITIL
11 13 (6.50%) Migration
12 12 (6.00%) Automated Testing
12 12 (6.00%) DevOps
12 12 (6.00%) Performance Tuning
12 12 (6.00%) Test Automation
13 11 (5.50%) OO
13 11 (5.50%) PRINCE2
14 10 (5.00%) Data Migration
Programming Languages
1 74 (37.00%) C++
1 74 (37.00%) Java
2 43 (21.50%) C#
3 30 (15.00%) SQL
4 26 (13.00%) Perl
4 26 (13.00%) Python
5 10 (5.00%) Scala
5 10 (5.00%) Shell Script
6 8 (4.00%) Bash Shell
7 7 (3.50%) PowerShell
8 3 (1.50%) T-SQL
8 3 (1.50%) VBScript
9 2 (1.00%) C
9 2 (1.00%) JavaScript
10 1 (0.50%) PHP
10 1 (0.50%) Ruby
Qualifications
1 30 (15.00%) PhD
2 27 (13.50%) Degree
3 10 (5.00%) ISEB
3 10 (5.00%) ISTQB
4 1 (0.50%) PMI Certification
4 1 (0.50%) PMP
Quality Assurance & Compliance
1 18 (9.00%) MiFID
2 14 (7.00%) QA
3 13 (6.50%) AIFMD
3 13 (6.50%) EMIR
System Software
1 5 (2.50%) Apache ZooKeeper
2 3 (1.50%) Hyper-V
3 1 (0.50%) Veritas Cluster Server
3 1 (0.50%) VMware Infrastructure
Systems Management
1 12 (6.00%) ITRS Geneos
2 2 (1.00%) Tivoli
3 1 (0.50%) Thomson Reuters DACS
Vendors
1 19 (9.50%) Sybase
2 14 (7.00%) Oracle
3 13 (6.50%) Calypso
3 13 (6.50%) Murex
3 13 (6.50%) Splunk
4 8 (4.00%) Fidessa
5 5 (2.50%) Solace
6 4 (2.00%) TIBCO
7 3 (1.50%) Microsoft
8 2 (1.00%) BT
8 2 (1.00%) Radianz
8 2 (1.00%) Red Hat
9 1 (0.50%) Cisco
9 1 (0.50%) HP
9 1 (0.50%) ION Trading
9 1 (0.50%) Veritas
9 1 (0.50%) VMware