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 January 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 Jan 2017
Same period 2016 Same period 2015
Algo Trading
UK
Rank 512 490 545
Rank change year-on-year
-22 +55
Contract jobs citing Algorithmic Trading 81 122 67
As % of all contract IT jobs located in the UK 0.18% 0.24% 0.13%
As % of the Processes & Methodologies category 0.22% 0.30% 0.17%
Number of daily rates quoted 70 105 49
Median daily rate £600 £638 £600
Median daily rate % change year-on-year
-5.88% +6.25%
90% offered a daily rate of more than £451 £550 £400
10% offered a daily rate of more than £800 £700 £660
UK excluding London median daily rate - £600 £475
% change year-on-year
- +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
36876 40874 39156
As % of all contract IT jobs located in the UK 82.21% 81.75% 78.48%
Number of daily rates quoted 24455 26538 25225
Median daily rate £450 £425 £421
Median daily rate % change year-on-year
+5.88% +1.07%
90% offered a daily rate of more than £300 £293 £282
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £405 £400 £390
% change year-on-year
+1.25% +2.56%
Number of hourly rates quoted 923 1196 1034
Median hourly rate £35.00 £38.25 £25.00
Median hourly rate % change year-on-year
-8.49% +53.00%
90% offered a hourly rate of more than £12.50 £13.00 £12.00
10% offered a hourly rate of more than £52.50 £55.00 £47.50
UK excluding London median hourly rate £35.00 £40.00 £26.00
% change year-on-year
-12.50% +53.84%

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 January 2017.

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 5 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 January 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 -16 81 £600 -7.69% 45
London -34 81 £600 -7.69% 45
City of London -10 9 £725 +11.53% 22
Docklands, London -4 2 £613 +28.94%
Canary Wharf - 1 - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 24 January 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 94 (61.44%) Low Latency
2 87 (56.86%) Electronic Trading
3 86 (56.21%) Foreign Exchange (FX)
4 76 (49.67%) Front Office
5 74 (48.37%) Multithreading
6 72 (47.06%) Banking
7 62 (40.52%) Finance
8 59 (38.56%) C++
8 59 (38.56%) Unix
9 56 (36.60%) SQL
10 44 (28.76%) Linux
11 43 (28.10%) Investment Banking
12 41 (26.80%) STL
12 41 (26.80%) Boost C++ Libraries
13 38 (24.84%) Algorithms
14 35 (22.88%) Risk Management
15 33 (21.57%) Java
16 32 (20.92%) Agile Software Development
17 25 (16.34%) E-Commerce
18 23 (15.03%) MiFID
18 23 (15.03%) FIX Protocol
19 22 (14.38%) Market Making
19 22 (14.38%) C#
19 22 (14.38%) Equities
19 22 (14.38%) Multithreaded Programming
20 21 (13.73%) TCP/IP
21 20 (13.07%) Fixed Income
22 19 (12.42%) Solaris
23 18 (11.76%) Oracle
23 18 (11.76%) Python

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 1 (0.65%) Confluence
Applications
1 2 (1.31%) MS Excel
2 1 (0.65%) Doxygen
2 1 (0.65%) LaTeX
Business Applications
1 10 (6.54%) RMDS
Communications & Networking
1 21 (13.73%) TCP/IP
2 4 (2.61%) Multicast
3 1 (0.65%) DHCP
3 1 (0.65%) DNS
3 1 (0.65%) Ethernet
3 1 (0.65%) FIX Connectivity
3 1 (0.65%) FTP
3 1 (0.65%) IGMP
3 1 (0.65%) InfiniBand
3 1 (0.65%) Internet
3 1 (0.65%) SSH
Database & Business Intelligence
1 15 (9.80%) KDB
2 12 (7.84%) SQL Server
3 6 (3.92%) Kdb+
4 4 (2.61%) Tick Data
5 3 (1.96%) MongoDB
5 3 (1.96%) MySQL
5 3 (1.96%) PostgreSQL
5 3 (1.96%) Relational Database
6 1 (0.65%) SQL Server Integration Services
6 1 (0.65%) SQL Server Reporting Services
Development Applications
1 5 (3.27%) CasperJS
1 5 (3.27%) HP UFT
1 5 (3.27%) Selenium
2 4 (2.61%) NUnit
3 1 (0.65%) JIRA
General
1 76 (49.67%) Front Office
2 72 (47.06%) Banking
3 62 (40.52%) Finance
4 43 (28.10%) Investment Banking
5 4 (2.61%) Back Office
6 3 (1.96%) Prime Brokerage
7 2 (1.31%) Corporate Banking
7 2 (1.31%) Financial Institution
8 1 (0.65%) Advertising
8 1 (0.65%) Japanese Language
8 1 (0.65%) Retail
Job Titles
1 108 (70.59%) Developer
2 50 (32.68%) C++ Developer
3 24 (15.69%) Electronic Trading Developer
4 22 (14.38%) Java Developer
5 18 (11.76%) Analyst
6 17 (11.11%) Algorithmic Trading Developer
7 14 (9.15%) C# Developer
8 13 (8.50%) Electronic Trading C++ Developer
8 13 (8.50%) Low Latency C++ Developer
9 11 (7.19%) Support Analyst
10 10 (6.54%) 1st/2nd Line Support
10 10 (6.54%) 2nd Line Support
10 10 (6.54%) 2nd Line Support Analyst
10 10 (6.54%) Business Analyst
10 10 (6.54%) FX Support Analyst
10 10 (6.54%) SQL Analyst
10 10 (6.54%) SQL Support Analyst
10 10 (6.54%) Unix Analyst
10 10 (6.54%) Unix Support
10 10 (6.54%) Unix Support Analyst
Libraries, Frameworks & Software Standards
1 41 (26.80%) Boost C++ Libraries
1 41 (26.80%) STL
2 23 (15.03%) FIX Protocol
3 18 (11.76%) Middleware
4 16 (10.46%) .NET
5 14 (9.15%) AngularJS
6 13 (8.50%) HTML
6 13 (8.50%) HTML5
7 10 (6.54%) Rendezvous
8 7 (4.58%) Node.js
8 7 (4.58%) Swing
9 6 (3.92%) CSS
9 6 (3.92%) CSS3
10 4 (2.61%) WPF
11 3 (1.96%) Django
11 3 (1.96%) Flask
11 3 (1.96%) React
12 2 (1.31%) JavaFX
12 2 (1.31%) Reactive Extensions
12 2 (1.31%) Silverlight
Miscellaneous
1 86 (56.21%) Foreign Exchange (FX)
2 38 (24.84%) Algorithms
3 22 (14.38%) Equities
4 20 (13.07%) Fixed Income
5 13 (8.50%) N-Tier
6 12 (7.84%) Analytical Skills
6 12 (7.84%) Derivative
7 11 (7.19%) TWAP
7 11 (7.19%) VWAP
8 10 (6.54%) Computer Science
8 10 (6.54%) Fintech
9 6 (3.92%) Equity Derivative
10 5 (3.27%) Mathematics
11 4 (2.61%) Management Information System
11 4 (2.61%) SCADA
11 4 (2.61%) Visualisation
12 3 (1.96%) Statistics
13 2 (1.31%) Clustering
13 2 (1.31%) Economics
13 2 (1.31%) Field-Programmable Gate Array
Operating Systems
1 59 (38.56%) Unix
2 44 (28.76%) Linux
3 19 (12.42%) Solaris
4 13 (8.50%) Windows
5 6 (3.92%) Red Hat Enterprise Linux
5 6 (3.92%) SUSE Linux Enterprise Server
6 5 (3.27%) AIX
7 2 (1.31%) SUSE
Processes & Methodologies
1 94 (61.44%) Low Latency
2 87 (56.86%) Electronic Trading
3 74 (48.37%) Multithreading
4 35 (22.88%) Risk Management
5 32 (20.92%) Agile Software Development
6 25 (16.34%) E-Commerce
7 22 (14.38%) Market Making
7 22 (14.38%) Multithreaded Programming
8 16 (10.46%) High Availability
9 11 (7.19%) High-Frequency Trading
10 10 (6.54%) Data Management
11 8 (5.23%) Analytics
11 8 (5.23%) FX Algorithmic Trading
12 7 (4.58%) Financial Modelling
12 7 (4.58%) Performance Tuning
12 7 (4.58%) Problem Management
12 7 (4.58%) TDD
13 6 (3.92%) GAP Analysis
13 6 (3.92%) Kernel Tuning
13 6 (3.92%) Project Management
Programming Languages
1 59 (38.56%) C++
2 56 (36.60%) SQL
3 33 (21.57%) Java
4 22 (14.38%) C#
5 18 (11.76%) Python
6 15 (9.80%) JavaScript
7 8 (5.23%) Scala
8 7 (4.58%) MATLAB
9 6 (3.92%) Bash Shell
10 5 (3.27%) Perl
10 5 (3.27%) R
11 2 (1.31%) PowerShell
11 2 (1.31%) Ruby
11 2 (1.31%) Shell Script
11 2 (1.31%) XAML
12 1 (0.65%) Tcl
Qualifications
1 17 (11.11%) Degree
2 5 (3.27%) PhD
3 4 (2.61%) ISEB
3 4 (2.61%) ISTQB
4 2 (1.31%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 23 (15.03%) MiFID
2 9 (5.88%) QA
3 3 (1.96%) SDET
System Software
1 2 (1.31%) Veritas Cluster Server
2 1 (0.65%) NFS
Systems Management
1 3 (1.96%) ITRS Geneos
2 2 (1.31%) HP Quality Center
2 2 (1.31%) Puppet
Vendors
1 18 (11.76%) Oracle
2 14 (9.15%) Solace
3 13 (8.50%) TIBCO
4 12 (7.84%) Reuters
5 11 (7.19%) Currenex
5 11 (7.19%) FXall
6 10 (6.54%) Cognizant
7 6 (3.92%) Sybase
8 5 (3.27%) Fidessa
8 5 (3.27%) Sun
9 3 (1.96%) Talarian
10 2 (1.31%) EMC
10 2 (1.31%) Microsoft
10 2 (1.31%) Veritas
11 1 (0.65%) Bloomberg
11 1 (0.65%) HP
11 1 (0.65%) ION Trading
11 1 (0.65%) Portware
City, London
Exclusive Recruitment
Rate: Unspecified Generous Daily Rate - Negotiable - DOE
Posted: 5 hours ago
London
McGregor Boyall
Rate: £800 - £1000 per day
Posted: 4 days ago
City, London
Hatstand Limited
Rate: £350 - £450 per annum
Posted: 4 days ago
City, London
Harrington Starr
Rate: £550 - £650 per day
Posted: 4 days ago
City, London
Hatstand Limited
Rate: £400 - £500 per day
Posted: 3 days ago
London
Harrington Starr
Rate: £550 - £650 per day
Posted: 6 days ago