The table below looks at the statistics for Algorithmic Trading skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 24 February 2017 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
24 Feb 2017
Same period 2016 Same period 2015
Algo Trading
UK
Rank 535 514 541
Rank change year-on-year
-21 +27
Contract jobs citing Algorithmic Trading 73 114 70
As % of all contract IT jobs located in the UK 0.16% 0.22% 0.13%
As % of the Processes & Methodologies category 0.19% 0.26% 0.17%
Number of daily rates quoted 61 95 57
Median daily rate £600 £625 £625
Median daily rate % change year-on-year
-4.00% -
90% offered a daily rate of more than £450 £485 £400
10% offered a daily rate of more than £900 £700 £688
UK excluding London median daily rate £414 £600 £475
% change year-on-year
-31.04% +26.31%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
37606 43039 41704
As % of all contract IT jobs located in the UK 82.82% 82.75% 79.43%
Number of daily rates quoted 24983 28189 26373
Median daily rate £450 £425 £422
Median daily rate % change year-on-year
+5.88% +0.65%
90% offered a daily rate of more than £300 £295 £278
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £408 £400 £400
% change year-on-year
+1.87% -
Number of hourly rates quoted 946 1185 1114
Median hourly rate £36.00 £38.00 £26.00
Median hourly rate % change year-on-year
-5.26% +46.15%
90% offered a hourly rate of more than £13.00 £13.00 £12.00
10% offered a hourly rate of more than £55.00 £56.00 £49.50
UK excluding London median hourly rate £36.00 £40.00 £27.50
% change year-on-year
-10.00% +45.45%

Algorithmic Trading
Jobs Demand Trend

The demand trend of contract jobs citing Algorithmic Trading as a proportion of all IT contracts with a match in 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 24 February 2017.

Algorithmic Trading Daily Rate Histogram in the UK

Algorithmic Trading
Top 7 Contract Locations

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 UK over the 3 months to 24 February 2017. 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 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
England -8 71 £600 -4.00% 45
London -18 71 £600 -4.00% 45
City of London -15 8 £638 -5.55% 11
County Antrim - 2 £414 -
Northern Ireland - 2 £414 -
Belfast - 2 £414 -
Docklands, London -1 1 £550 +15.78%

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 24 February 2017, 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 with a requirement for Algorithmic Trading.

1 82 (56.16%) Low Latency
2 81 (55.48%) Foreign Exchange (FX)
3 79 (54.11%) Electronic Trading
4 77 (52.74%) Front Office
5 74 (50.68%) Multithreading
6 70 (47.95%) Banking
7 65 (44.52%) Finance
8 63 (43.15%) C++
9 55 (37.67%) Unix
10 54 (36.99%) SQL
11 45 (30.82%) STL
11 45 (30.82%) Boost C++ Libraries
12 41 (28.08%) Investment Banking
12 41 (28.08%) Linux
13 36 (24.66%) Java
13 36 (24.66%) Risk Management
13 36 (24.66%) Algorithms
14 30 (20.55%) Agile Software Development
15 27 (18.49%) Equities
15 27 (18.49%) MiFID
16 25 (17.12%) E-Commerce
17 20 (13.70%) Multithreaded Programming
18 19 (13.01%) Fixed Income
18 19 (13.01%) Python
18 19 (13.01%) FIX Protocol
19 18 (12.33%) Mathematics
19 18 (12.33%) TCP/IP
19 18 (12.33%) Market Making
20 17 (11.64%) Middleware
20 17 (11.64%) Solaris

Algorithmic Trading
Top Related IT Skills 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 3 (2.05%) Confluence
2 2 (1.37%) WebLogic
2 2 (1.37%) WebSphere
Applications
1 2 (1.37%) MS Excel
2 1 (0.68%) Doxygen
2 1 (0.68%) LaTeX
Business Applications
1 7 (4.79%) RMDS
2 2 (1.37%) Murex MxG2000
Communications & Networking
1 18 (12.33%) TCP/IP
2 4 (2.74%) Multicast
3 1 (0.68%) DHCP
3 1 (0.68%) DNS
3 1 (0.68%) Ethernet
3 1 (0.68%) FTP
3 1 (0.68%) IGMP
3 1 (0.68%) InfiniBand
3 1 (0.68%) SSH
Database & Business Intelligence
1 17 (11.64%) KDB
2 8 (5.48%) SQL Server
3 7 (4.79%) Kdb+
4 5 (3.42%) Tick Data
5 3 (2.05%) Relational Database
6 2 (1.37%) MongoDB
6 2 (1.37%) MySQL
6 2 (1.37%) PostgreSQL
7 1 (0.68%) Big Data
7 1 (0.68%) SQL Server Integration Services
7 1 (0.68%) SQL Server Reporting Services
Development Applications
1 5 (3.42%) CasperJS
1 5 (3.42%) HP UFT
1 5 (3.42%) Selenium
2 4 (2.74%) NUnit
3 3 (2.05%) JIRA
4 1 (0.68%) Git (software)
4 1 (0.68%) Subversion
General
1 77 (52.74%) Front Office
2 70 (47.95%) Banking
3 65 (44.52%) Finance
4 41 (28.08%) Investment Banking
5 4 (2.74%) Financial Institution
5 4 (2.74%) Prime Brokerage
6 3 (2.05%) Back Office
7 2 (1.37%) Corporate Banking
8 1 (0.68%) Advertising
8 1 (0.68%) Japanese Language
8 1 (0.68%) Retail
Job Titles
1 100 (68.49%) Developer
2 53 (36.30%) C++ Developer
3 26 (17.81%) Electronic Trading Developer
4 23 (15.75%) Java Developer
5 16 (10.96%) Analyst
5 16 (10.96%) Electronic Trading C++ Developer
5 16 (10.96%) Low Latency C++ Developer
6 14 (9.59%) Algorithmic Trading Developer
7 11 (7.53%) Business Analyst
8 10 (6.85%) Electronic Trading Support
9 9 (6.16%) Senior Developer
10 8 (5.48%) FX Support Analyst
10 8 (5.48%) MiFID Business Analyst
10 8 (5.48%) Support Analyst
11 7 (4.79%) 1st/2nd Line Support
11 7 (4.79%) 2nd Line Support Analyst
11 7 (4.79%) KDB Developer
11 7 (4.79%) Scala Developer
11 7 (4.79%) SQL Support Analyst
11 7 (4.79%) Unix Analyst
Libraries, Frameworks & Software Standards
1 45 (30.82%) Boost C++ Libraries
1 45 (30.82%) STL
2 19 (13.01%) FIX Protocol
3 17 (11.64%) Middleware
4 11 (7.53%) .NET
5 7 (4.79%) Rendezvous
6 6 (4.11%) HTML
6 6 (4.11%) HTML5
7 5 (3.42%) AngularJS
8 3 (2.05%) CSS
8 3 (2.05%) CSS3
8 3 (2.05%) Django
8 3 (2.05%) Flask
8 3 (2.05%) Node.js
8 3 (2.05%) Swing
9 2 (1.37%) Hibernate
9 2 (1.37%) JMS
9 2 (1.37%) Spring
9 2 (1.37%) XML
9 2 (1.37%) XSLT
Miscellaneous
1 81 (55.48%) Foreign Exchange (FX)
2 36 (24.66%) Algorithms
3 27 (18.49%) Equities
4 19 (13.01%) Fixed Income
5 16 (10.96%) Analytical Skills
6 14 (9.59%) N-Tier
7 12 (8.22%) Derivative
7 12 (8.22%) Fintech
8 8 (5.48%) Computer Science
8 8 (5.48%) TWAP
8 8 (5.48%) VWAP
9 5 (3.42%) SCADA
10 4 (2.74%) Equity Derivative
10 4 (2.74%) Management Information System
11 3 (2.05%) Wiki
12 2 (1.37%) Field-Programmable Gate Array
12 2 (1.37%) Virtual Team
13 1 (0.68%) Data Centre
13 1 (0.68%) Data Structures
13 1 (0.68%) Enterprise Software
Operating Systems
1 55 (37.67%) Unix
2 41 (28.08%) Linux
3 17 (11.64%) Solaris
4 10 (6.85%) Windows
5 4 (2.74%) Red Hat Enterprise Linux
5 4 (2.74%) SUSE Linux Enterprise Server
6 3 (2.05%) AIX
7 1 (0.68%) SUSE
Processes & Methodologies
1 82 (56.16%) Low Latency
2 79 (54.11%) Electronic Trading
3 74 (50.68%) Multithreading
4 36 (24.66%) Risk Management
5 30 (20.55%) Agile Software Development
6 25 (17.12%) E-Commerce
7 20 (13.70%) Multithreaded Programming
8 18 (12.33%) Market Making
8 18 (12.33%) Mathematics
9 17 (11.64%) High Availability
10 12 (8.22%) High-Frequency Trading
11 11 (7.53%) Data Management
12 9 (6.16%) Analytics
13 8 (5.48%) FX Algorithmic Trading
13 8 (5.48%) Problem Management
14 7 (4.79%) Project Management
15 6 (4.11%) GAP Analysis
15 6 (4.11%) Incident Management
15 6 (4.11%) Migration
15 6 (4.11%) TDD
Programming Languages
1 63 (43.15%) C++
2 54 (36.99%) SQL
3 36 (24.66%) Java
4 19 (13.01%) Python
5 16 (10.96%) C#
6 8 (5.48%) Scala
7 7 (4.79%) JavaScript
8 6 (4.11%) Bash Shell
9 4 (2.74%) MATLAB
9 4 (2.74%) Perl
9 4 (2.74%) R
10 2 (1.37%) PowerShell
10 2 (1.37%) Shell Script
10 2 (1.37%) XAML
11 1 (0.68%) PL/SQL
11 1 (0.68%) Ruby
11 1 (0.68%) Tcl
Qualifications
1 13 (8.90%) Degree
2 5 (3.42%) PhD
3 4 (2.74%) ISEB
3 4 (2.74%) ISTQB
4 2 (1.37%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 27 (18.49%) MiFID
2 9 (6.16%) QA
3 3 (2.05%) SDET
System Software
1 1 (0.68%) NFS
1 1 (0.68%) Veritas Cluster Server
Systems Management
1 3 (2.05%) ITRS Geneos
2 2 (1.37%) HP Quality Center
3 1 (0.68%) Puppet
Vendors
1 15 (10.27%) Oracle
1 15 (10.27%) Solace
2 11 (7.53%) Cognizant
3 10 (6.85%) Reuters
3 10 (6.85%) TIBCO
4 8 (5.48%) Sybase
5 7 (4.79%) Currenex
5 7 (4.79%) FXall
6 6 (4.11%) Sun
7 5 (3.42%) Fidessa
7 5 (3.42%) ION Trading
8 3 (2.05%) Bloomberg
8 3 (2.05%) Talarian
9 2 (1.37%) Adobe
9 2 (1.37%) Microsoft
9 2 (1.37%) Murex
10 1 (0.68%) EMC
10 1 (0.68%) HP
10 1 (0.68%) Portware
10 1 (0.68%) Veritas
City, London
Hatstand Limited
Rate: £500 - £600 per annum
Posted: Yesterday
London
Harrington Starr
Rate: £500 - £700 per day
Posted: 21 hours ago
London
Orgtel
Rate: £600 - £650 per day
Posted: 3 hours ago
City, London
Exclusive Recruitment
Rate: Unspecified Generous Daily Rate - Negotiable - DOE
Posted: 2 days ago
City, London
Harrington Starr
Rate: £550 - £700 per day
Posted: 6 days ago