The table below looks at the statistics for Algorithmic Trading skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 27 March 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
27 Mar 2015
Same period 2014 Same period 2013
Algorithmic Trading
Rank 509 525 480
Rank change year-on-year
+16 -45
Contract jobs citing Algorithmic Trading 90 45 60
As % of all contract IT jobs located in the UK 0.17% 0.087% 0.13%
As % of the Processes & Methodologies category 0.22% 0.12% 0.18%
Number of daily rates quoted 72 36 44
Average daily rate
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of your Daily Rate
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£625 £600 £600
Average daily rate % change year-on-year
+4.16% -
90% offered a daily rate of more than £403 £538 £500
10% offered a daily rate of more than £699 £731 £700
UK excluding London average daily rate £563 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised across the UK.

Processes & Methodologies Category
UK
Contract IT job ads with a match in the
Processes & Methodologies category
40851 38864 33748
As % of all contract IT jobs located in the UK 76.14% 74.87% 73.26%
Number of daily rates quoted 25403 23796 20201
Average daily rate £420 £400 £401
Average daily rate % change year-on-year
+5.00% -0.12%
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £575 £560 £575
UK excluding London average daily rate £396 £375 £363
% change year-on-year
+5.60% +3.44%
Number of hourly rates quoted 1159 1113 1105
Average hourly rate £29.00 £27.00 £32.00
Average hourly rate % change year-on-year
+7.40% -15.62%
90% offered a hourly rate of more than £12.10 £12.25 £13.00
10% offered a hourly rate of more than £49.50 £50.00 £51.50
UK excluding London average hourly rate £31.44 £27.50 £32.00
% change year-on-year
+14.32% -14.06%

Algorithmic Trading
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Algorithmic Trading within the UK as a proportion of the total demand within the Processes & Methodologies category.

Algorithmic Trading Jobs Demand Trend in the UK

Algorithmic Trading
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Algorithmic Trading within the UK.

Algorithmic Trading Daily Rate Trend in the UK

Algorithmic Trading
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Algorithmic Trading within the UK over the 3 months to 27 March 2015.

Algorithmic Trading Daily Rate Histogram in the UK

Algorithmic Trading
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Algorithmic Trading within the UK.

Algorithmic Trading Hourly Rate Trend in the UK

Algorithmic Trading
Top 7 Contract Locations

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 UK over the 3 months to 27 March 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
London +45 88 £625 +4.16% 37
England +34 88 £625 +4.16% 39
City of London +22 19 £550 -18.51% 19
Docklands, London - 1 £575 - 1
Cambridgeshire - - - -
East of England - - - -
Cambridge - - - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 27 March 2015, IT contractor jobs within the UK 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.

1 109 (64.88%) Low Latency
2 89 (52.98%) Java
3 86 (51.19%) Front Office
4 81 (48.21%) Multithreading
5 75 (44.64%) Foreign Exchange (FX)
6 63 (37.50%) Finance
7 58 (34.52%) Banking
8 53 (31.55%) FIX Protocol
9 46 (27.38%) UNIX
10 45 (26.79%) Equities
10 45 (26.79%) Agile Software Development
11 44 (26.19%) SQL
12 39 (23.21%) C++
13 37 (22.02%) Linux
14 36 (21.43%) Investment Banking
15 28 (16.67%) C#
16 24 (14.29%) Perl
16 24 (14.29%) TDD
17 22 (13.10%) OO
17 22 (13.10%) Middleware
17 22 (13.10%) KDB
18 21 (12.50%) Electronic Trading
19 20 (11.90%) Algorithms
20 18 (10.71%) Risk Management
20 18 (10.71%) Derivative
21 17 (10.12%) Python
22 16 (9.52%) Relational Database
23 14 (8.33%) Mathematics
23 14 (8.33%) Performance Tuning
24 13 (7.74%) Analytical Skills

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 27 March 2015, IT contractor jobs within the UK 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 (2.98%) TIBCO EMS
2 1 (0.60%) MS Exchange
Applications
1 2 (1.19%) MS Office
2 1 (0.60%) MS Excel
Business Applications
1 1 (0.60%) RMDS
Communications & Networking
1 6 (3.57%) TCP/IP
2 3 (1.79%) Multicast
Database & Business Intelligence
1 22 (13.10%) KDB
2 16 (9.52%) Relational Database
3 5 (2.98%) SQL Server
4 2 (1.19%) DB2
4 2 (1.19%) RDBMS
4 2 (1.19%) Big Data
4 2 (1.19%) SQL Server 2012
Development Applications
1 5 (2.98%) Eclipse
1 5 (2.98%) Subversion
2 2 (1.19%) Maven
2 2 (1.19%) Visual Studio Tools for Office
2 2 (1.19%) JUnit
2 2 (1.19%) Visual Studio
3 1 (0.60%) NUnit
3 1 (0.60%) Rhino Mocks
3 1 (0.60%) NMock
3 1 (0.60%) Jenkins
General
1 86 (51.19%) Front Office
2 63 (37.50%) Finance
3 58 (34.52%) Banking
4 36 (21.43%) Investment Banking
5 3 (1.79%) Marketing
6 2 (1.19%) Back Office
6 2 (1.19%) Financial Institution
7 1 (0.60%) Mandarin Language
Job Titles
1 109 (64.88%) Developer
2 62 (36.90%) Java Developer
3 26 (15.48%) C++ Developer
4 25 (14.88%) Analyst
5 18 (10.71%) Senior Developer
6 15 (8.93%) Senior Java Developer
7 13 (7.74%) Support Analyst
8 10 (5.95%) C# Developer
9 8 (4.76%) Business Analyst
9 8 (4.76%) FIX Analyst
10 6 (3.57%) WPF Developer
11 5 (2.98%) Applications Support
11 5 (2.98%) Lead Developer
11 5 (2.98%) UNIX Engineer
12 4 (2.38%) Python Developer
13 3 (1.79%) Lead Java Developer
13 3 (1.79%) Banking Business Analyst
13 3 (1.79%) C++/Java Developer
13 3 (1.79%) Senior WPF Developer
14 2 (1.19%) Lead .NET Developer
Libraries, Frameworks & Software Standards
1 53 (31.55%) FIX Protocol
2 22 (13.10%) Middleware
3 11 (6.55%) WPF
4 9 (5.36%) Spring
5 8 (4.76%) LINQ
5 8 (4.76%) .NET
6 7 (4.17%) JMS
7 6 (3.57%) Reactive Extensions
8 5 (2.98%) Rendezvous
8 5 (2.98%) STL
8 5 (2.98%) Boost C++ Libraries
9 4 (2.38%) J2SE
9 4 (2.38%) Silverlight
10 3 (1.79%) AngularJS
11 2 (1.19%) ASP.NET Web API
11 2 (1.19%) Task Parallel Library
11 2 (1.19%) HTML
11 2 (1.19%) HTML5
11 2 (1.19%) ADO.NET Entity Framework
11 2 (1.19%) .NET Framework
Miscellaneous
1 75 (44.64%) Foreign Exchange (FX)
2 45 (26.79%) Equities
3 20 (11.90%) Algorithms
4 18 (10.71%) Derivative
5 14 (8.33%) Mathematics
6 13 (7.74%) Analytical Skills
7 11 (6.55%) TWAP
7 11 (6.55%) VWAP
8 10 (5.95%) Fixed Income
9 9 (5.36%) Data Structures
10 7 (4.17%) Clustering
10 7 (4.17%) Equity Derivative
11 6 (3.57%) Management Information System
11 6 (3.57%) Physics
11 6 (3.57%) Hedge funds
12 5 (2.98%) Open Source
13 4 (2.38%) Visualisation
13 4 (2.38%) SCADA
14 3 (1.79%) Tandem
15 2 (1.19%) Statistical Arbitrage
Operating Systems
1 46 (27.38%) UNIX
2 37 (22.02%) Linux
3 10 (5.95%) Windows
4 7 (4.17%) AIX
4 7 (4.17%) Solaris
4 7 (4.17%) SUSE
4 7 (4.17%) Red Hat Enterprise Linux
4 7 (4.17%) SUSE Linux Enterprise Server
5 6 (3.57%) Oracle Linux
Processes & Methodologies
1 109 (64.88%) Low Latency
2 81 (48.21%) Multithreading
3 45 (26.79%) Agile Software Development
4 24 (14.29%) TDD
5 22 (13.10%) OO
6 21 (12.50%) Electronic Trading
7 18 (10.71%) Risk Management
8 14 (8.33%) Performance Tuning
9 11 (6.55%) Software Engineering
10 7 (4.17%) Configuration Management
11 6 (3.57%) E-Commerce
11 6 (3.57%) ITIL
11 6 (3.57%) Service Management
11 6 (3.57%) ITSM
12 5 (2.98%) Continuous Integration
12 5 (2.98%) Numerical Analysis
12 5 (2.98%) MVVM
12 5 (2.98%) Stakeholder Engagement
13 4 (2.38%) Ultra-Low Latency
13 4 (2.38%) Migration
Programming Languages
1 89 (52.98%) Java
2 44 (26.19%) SQL
3 39 (23.21%) C++
4 28 (16.67%) C#
5 24 (14.29%) Perl
6 17 (10.12%) Python
7 7 (4.17%) Ruby
8 4 (2.38%) Shell Script
9 3 (1.79%) AWK
9 3 (1.79%) JavaScript
10 2 (1.19%) T-SQL
10 2 (1.19%) VB
10 2 (1.19%) C-shell
10 2 (1.19%) XAML
11 1 (0.60%) Tcl
11 1 (0.60%) PowerShell
11 1 (0.60%) Scala
11 1 (0.60%) C
Qualifications
1 10 (5.95%) Degree
Quality Assurance & Compliance
1 3 (1.79%) QA
System Software
1 7 (4.17%) Veritas Cluster Server
2 1 (0.60%) Active Directory
Systems Management
1 7 (4.17%) HP Operations Orchestration
1 7 (4.17%) Puppet
1 7 (4.17%) Opscode Chef
Vendors
1 9 (5.36%) Oracle
2 8 (4.76%) Sybase
2 8 (4.76%) TIBCO
3 7 (4.17%) HP
3 7 (4.17%) EMC
3 7 (4.17%) Veritas
4 6 (3.57%) Red Hat
4 6 (3.57%) ION Trading
4 6 (3.57%) 29West
5 5 (2.98%) Informatica
5 5 (2.98%) IBM
6 4 (2.38%) Microsoft
7 3 (1.79%) Infragistics
8 2 (1.19%) Portware
9 1 (0.60%) Perforce
9 1 (0.60%) NYFIX
9 1 (0.60%) Sun
9 1 (0.60%) Fidessa
London
Hatstand Limited
Rate: £450 - £550 per day
Posted: 3 days ago
London
Experis Ltd
Rate: £850.00 - £935.00 per day
Posted: 3 days ago
London
iKonnect
Rate: £550 - £600 per day
Posted: 10 days ago
Docklands
Interquest - ITQ Financial - London
Rate: £550 - £600 per day
Posted: 24 days ago
City of London
Hays IT - Uk Posting account
Rate: £500.00 - £600.00 per day
Posted: 26 days ago