The table below looks at the statistics for knowledge and experience of Algorithmics products and/or services in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Algorithmics over the 3 months to 28 August 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.

The figures below represent the IT contractor job market in general and are NOT representative of contractor rates within Algorithmics, Inc.

Location
3 months to
28 Aug 2015
Same period 2014 Same period 2013
Algorithmics
Rank 412 431 428
Rank change year-on-year
+19 -3
Contract jobs citing Algorithmics 3 2 1
As % of all contract IT jobs located in London 0.013% 0.008% 0.004%
As % of the Vendors category 0.029% 0.018% 0.009%
Number of daily rates quoted 2 2 1
Average daily rate
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£580 £613 £500
Average daily rate % change year-on-year
-5.30% +22.50%
UK excluding London average daily rate £450 - £1,000
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Algorithmics
England

The following table is for comparison with the above and provides statistics for the entire Vendors category in contract jobs advertised in the London region.

Vendors Category
London
Contract IT job ads with a match in the
Vendors category
10206 10898 11475
As % of all contract IT jobs located in London 43.03% 45.52% 45.89%
Number of daily rates quoted 6721 6830 7368
Average daily rate £425 £425 £423
Average daily rate % change year-on-year
- +0.59%
90% offered a daily rate of more than £250 £238 £250
10% offered a daily rate of more than £600 £580 £588
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 219 233 261
Average hourly rate £18.25 £19.00 £19.50
Average hourly rate % change year-on-year
-3.94% -2.56%
90% offered a hourly rate of more than £12.00 £13.46 £13.50
10% offered a hourly rate of more than £43.50 £33.00 £48.00
UK excluding London average hourly rate £19.00 £17.50 £19.30
% change year-on-year
+8.57% -9.32%

Algorithmics
Jobs Demand Trend in London

This chart provides a 3-month moving total of IT contractor jobs citing Algorithmics across the London region as a proportion of the total demand within the Vendors category.

Algorithmics Jobs Demand Trend in London

Algorithmics
Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Algorithmics across the London region.

Algorithmics Daily Rate Trend in London

Algorithmics
Hourly Rate Trend in London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Algorithmics across the London region.

Algorithmics Hourly Rate Trend in London

Algorithmics
Top 22 Related IT Skills in London

For the 6 months to 28 August 2015, IT contractor jobs across the London region citing Algorithmics 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 Algorithmics.

1 3 (100.00%) Finance
1 3 (100.00%) Fixed Income
1 3 (100.00%) Derivative
1 3 (100.00%) Equity Derivative
1 3 (100.00%) Credit Risk
1 3 (100.00%) Risk Analytics
1 3 (100.00%) Analytics
2 2 (66.67%) Business Analysis
2 2 (66.67%) Financial Institution
2 2 (66.67%) Murex
2 2 (66.67%) Bloomberg
3 1 (33.33%) Project Management
3 1 (33.33%) Change Management
3 1 (33.33%) Management Information System
3 1 (33.33%) Front Office
3 1 (33.33%) Legal
3 1 (33.33%) Migration
3 1 (33.33%) Banking
3 1 (33.33%) Adaptiv
3 1 (33.33%) Investment Banking
3 1 (33.33%) Market Risk
3 1 (33.33%) Analytical Skills

Algorithmics
Top Related IT Skills in London by Category

For the 6 months to 28 August 2015, IT contractor jobs across the London region citing Algorithmics 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 Algorithmics. Up to 20 skills are shown per category.

Business Applications
1 1 (33.33%) Adaptiv
General
1 3 (100.00%) Finance
2 2 (66.67%) Financial Institution
3 1 (33.33%) Front Office
3 1 (33.33%) Legal
3 1 (33.33%) Banking
3 1 (33.33%) Investment Banking
Job Titles
1 3 (100.00%) Business Analyst
1 3 (100.00%) Analyst
1 3 (100.00%) Credit Risk Business Analyst
1 3 (100.00%) Credit Risk Analyst
2 2 (66.67%) Investment Banking Business Analyst
2 2 (66.67%) Risk Analyst
2 2 (66.67%) Credit Analyst
3 1 (33.33%) Banking Business Analyst
Miscellaneous
1 3 (100.00%) Fixed Income
1 3 (100.00%) Derivative
1 3 (100.00%) Equity Derivative
1 3 (100.00%) Credit Risk
2 1 (33.33%) Market Risk
2 1 (33.33%) Analytical Skills
2 1 (33.33%) Management Information System
Processes & Methodologies
1 3 (100.00%) Risk Analytics
1 3 (100.00%) Analytics
2 2 (66.67%) Business Analysis
3 1 (33.33%) Project Management
3 1 (33.33%) Change Management
3 1 (33.33%) Migration
Vendors
1 2 (66.67%) Murex
1 2 (66.67%) Bloomberg