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 8 December 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
8 Dec 2016
Same period 2015 Same period 2014
Algo Trading
Rank 541 510 516
Rank change year-on-year
-31 +6
Contract jobs citing Algorithmic Trading 80 135 117
As % of all contract IT jobs located in the UK 0.16% 0.24% 0.21%
As % of the Processes & Methodologies category 0.19% 0.30% 0.27%
Number of daily rates quoted 64 108 101
Median daily rate £650 £650 £650
90% offered a daily rate of more than £451 £534 £550
10% offered a daily rate of more than £785 £733 £725
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
41059 44815 43569
As % of all contract IT jobs located in the UK 82.50% 81.16% 77.16%
Number of daily rates quoted 27372 29040 28392
Median daily rate £450 £425 £420
Median daily rate % change year-on-year
+5.88% +1.19%
90% offered a daily rate of more than £300 £295 £275
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £413 £400 £385
% change year-on-year
+3.12% +3.89%
Number of hourly rates quoted 1078 1342 1199
Median hourly rate £30.00 £31.44 £25.00
Median hourly rate % change year-on-year
-4.58% +25.76%
90% offered a hourly rate of more than £12.50 £12.50 £12.00
10% offered a hourly rate of more than £50.00 £50.00 £47.50
UK excluding London median hourly rate £31.00 £35.00 £25.00
% change year-on-year
-11.42% +40.00%

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 8 December 2016.

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 8 December 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
England -26 80 £650 - 46
London -52 80 £650 - 46
City of London -48 9 £700 +7.69% 11
Docklands, London -2 1 £675 +42.10%
Canary Wharf - 1 - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 8 December 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 with a requirement for Algorithmic Trading.

1 95 (57.58%) Electronic Trading
2 94 (56.97%) Low Latency
3 83 (50.30%) Foreign Exchange (FX)
4 79 (47.88%) Front Office
5 75 (45.45%) Banking
6 74 (44.85%) Multithreading
7 63 (38.18%) SQL
8 60 (36.36%) Finance
9 58 (35.15%) Unix
10 47 (28.48%) C++
11 43 (26.06%) Investment Banking
12 41 (24.85%) Risk Management
13 40 (24.24%) C#
13 40 (24.24%) Linux
14 36 (21.82%) Agile Software Development
14 36 (21.82%) Multithreaded Programming
15 35 (21.21%) Java
16 34 (20.61%) FIX Protocol
17 33 (20.00%) Algorithms
18 30 (18.18%) STL
18 30 (18.18%) Boost C++ Libraries
19 29 (17.58%) Market Making
20 27 (16.36%) Oracle
21 25 (15.15%) .NET
22 23 (13.94%) Degree
23 22 (13.33%) AngularJS
23 22 (13.33%) JavaScript
24 21 (12.73%) E-Commerce
24 21 (12.73%) Equities
25 20 (12.12%) TCP/IP

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 2 (1.21%) Confluence
Applications
1 3 (1.82%) MS Excel
2 1 (0.61%) Doxygen
2 1 (0.61%) LaTeX
Business Applications
1 10 (6.06%) RMDS
2 4 (2.42%) Summit
Communications & Networking
1 20 (12.12%) TCP/IP
2 4 (2.42%) Multicast
3 1 (0.61%) DHCP
3 1 (0.61%) DNS
3 1 (0.61%) Ethernet
3 1 (0.61%) FTP
3 1 (0.61%) IGMP
3 1 (0.61%) InfiniBand
3 1 (0.61%) Internet
3 1 (0.61%) SSH
Database & Business Intelligence
1 18 (10.91%) SQL Server
2 12 (7.27%) KDB
3 6 (3.64%) MongoDB
4 5 (3.03%) Kdb+
5 4 (2.42%) MySQL
5 4 (2.42%) PostgreSQL
5 4 (2.42%) Relational Database
6 3 (1.82%) DB2
7 2 (1.21%) NoSQL
8 1 (0.61%) SQL Server Integration Services
8 1 (0.61%) SQL Server Reporting Services
8 1 (0.61%) Tick Data
Development Applications
1 8 (4.85%) NUnit
2 7 (4.24%) JIRA
3 5 (3.03%) CasperJS
3 5 (3.03%) HP UFT
3 5 (3.03%) Selenium
4 3 (1.82%) Subversion
4 3 (1.82%) TeamCity
4 3 (1.82%) Visual Studio
5 2 (1.21%) Bower
5 2 (1.21%) Gerrit
5 2 (1.21%) Git (software)
5 2 (1.21%) Grunt
5 2 (1.21%) Jasmine
5 2 (1.21%) Jenkins
5 2 (1.21%) Mocha
5 2 (1.21%) Moq
5 2 (1.21%) QUnit
5 2 (1.21%) Rhino Mocks
5 2 (1.21%) Sinon.JS
5 2 (1.21%) SpecFlow
General
1 79 (47.88%) Front Office
2 75 (45.45%) Banking
3 60 (36.36%) Finance
4 43 (26.06%) Investment Banking
5 7 (4.24%) Back Office
6 5 (3.03%) Financial Institution
7 2 (1.21%) Corporate Banking
8 1 (0.61%) Advertising
8 1 (0.61%) Japanese Language
8 1 (0.61%) Prime Brokerage
8 1 (0.61%) Retail
Job Titles
1 114 (69.09%) Developer
2 35 (21.21%) C++ Developer
3 31 (18.79%) C# Developer
4 27 (16.36%) Algorithmic Trading Developer
5 25 (15.15%) Java Developer
6 23 (13.94%) Electronic Trading Developer
7 19 (11.52%) Analyst
8 11 (6.67%) Senior Developer
8 11 (6.67%) Senior Java Developer
8 11 (6.67%) Support Analyst
9 10 (6.06%) 1st/2nd Line Support
9 10 (6.06%) 2nd Line Support Analyst
9 10 (6.06%) C# Developer - Algorithmic Trading
9 10 (6.06%) C# Developer - Electronic Trading
9 10 (6.06%) Electronic Trading Support
9 10 (6.06%) FX Support Analyst
9 10 (6.06%) SQL Support Analyst
9 10 (6.06%) Unix Analyst
9 10 (6.06%) Unix Support
9 10 (6.06%) Unix Support Analyst
Libraries, Frameworks & Software Standards
1 34 (20.61%) FIX Protocol
2 30 (18.18%) Boost C++ Libraries
2 30 (18.18%) STL
3 25 (15.15%) .NET
4 22 (13.33%) AngularJS
5 19 (11.52%) HTML
5 19 (11.52%) HTML5
6 18 (10.91%) Middleware
7 15 (9.09%) WPF
8 14 (8.48%) Node.js
9 12 (7.27%) WinForms
10 11 (6.67%) CSS
10 11 (6.67%) CSS3
10 11 (6.67%) Rendezvous
11 7 (4.24%) Swing
12 6 (3.64%) React
13 5 (3.03%) ASP.NET Web API
13 5 (3.03%) KnockoutJS
13 5 (3.03%) Reactive Extensions
13 5 (3.03%) RequireJS
Miscellaneous
1 83 (50.30%) Foreign Exchange (FX)
2 33 (20.00%) Algorithms
3 21 (12.73%) Equities
4 18 (10.91%) Fixed Income
5 14 (8.48%) Analytical Skills
5 14 (8.48%) Derivative
6 13 (7.88%) Computer Science
6 13 (7.88%) N-Tier
7 11 (6.67%) TWAP
7 11 (6.67%) VWAP
8 9 (5.45%) Visualisation
9 8 (4.85%) Equity Derivative
10 7 (4.24%) Fintech
11 5 (3.03%) Mathematics
12 4 (2.42%) SCADA
13 3 (1.82%) Economics
13 3 (1.82%) Statistics
14 2 (1.21%) Credit Derivative
14 2 (1.21%) Field-Programmable Gate Array
14 2 (1.21%) Inversion of Control
Operating Systems
1 58 (35.15%) Unix
2 40 (24.24%) Linux
3 20 (12.12%) Solaris
4 13 (7.88%) Windows
5 9 (5.45%) Red Hat Enterprise Linux
5 9 (5.45%) SUSE Linux Enterprise Server
6 8 (4.85%) AIX
7 2 (1.21%) SUSE
Processes & Methodologies
1 95 (57.58%) Electronic Trading
2 94 (56.97%) Low Latency
3 74 (44.85%) Multithreading
4 41 (24.85%) Risk Management
5 36 (21.82%) Agile Software Development
5 36 (21.82%) Multithreaded Programming
6 29 (17.58%) Market Making
7 21 (12.73%) E-Commerce
8 14 (8.48%) High Availability
8 14 (8.48%) High-Frequency Trading
9 13 (7.88%) Performance Optimisation
10 11 (6.67%) Data Management
10 11 (6.67%) TDD
11 10 (6.06%) Continuous Integration
12 9 (5.45%) OO
13 8 (4.85%) BDD
13 8 (4.85%) Build Automation
13 8 (4.85%) Performance Tuning
13 8 (4.85%) Scrum
13 8 (4.85%) SDLC
Programming Languages
1 63 (38.18%) SQL
2 47 (28.48%) C++
3 40 (24.24%) C#
4 35 (21.21%) Java
5 22 (13.33%) JavaScript
6 17 (10.30%) Python
7 6 (3.64%) MATLAB
7 6 (3.64%) Scala
8 5 (3.03%) Bash Shell
8 5 (3.03%) Perl
8 5 (3.03%) R
9 3 (1.82%) XAML
10 2 (1.21%) ES6
10 2 (1.21%) PowerShell
10 2 (1.21%) Ruby
11 1 (0.61%) Shell Script
11 1 (0.61%) Tcl
11 1 (0.61%) VBA
Qualifications
1 23 (13.94%) Degree
2 5 (3.03%) PhD
3 4 (2.42%) ISEB
3 4 (2.42%) ISTQB
4 2 (1.21%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 17 (10.30%) MiFID
2 9 (5.45%) QA
3 4 (2.42%) EMIR
3 4 (2.42%) FATCA
4 3 (1.82%) SDET
System Software
1 2 (1.21%) Veritas Cluster Server
2 1 (0.61%) NFS
Systems Management
1 3 (1.82%) ITRS Geneos
2 2 (1.21%) HP Quality Center
2 2 (1.21%) Puppet
Vendors
1 27 (16.36%) Oracle
2 14 (8.48%) TIBCO
3 12 (7.27%) Reuters
4 11 (6.67%) Currenex
4 11 (6.67%) FXall
4 11 (6.67%) Solace
5 7 (4.24%) Cognizant
6 6 (3.64%) Fidessa
6 6 (3.64%) Sybase
7 5 (3.03%) Sun
8 4 (2.42%) Calypso
8 4 (2.42%) IBM
9 3 (1.82%) Microsoft
9 3 (1.82%) Talarian
10 2 (1.21%) EMC
10 2 (1.21%) Infragistics
10 2 (1.21%) Syncfusion
10 2 (1.21%) Veritas
11 1 (0.61%) ION Trading
11 1 (0.61%) Portware
London
TEKsystems
Rate: £450 - £550 per day
Posted: 6 hours ago
London
TEKsystems
Rate: £650 - £700 per day
Posted: 2 days ago
City, London
Harrington Starr
Rate: £550 - £650 per day
Posted: Yesterday
London
Scott-Merrick LLP
Rate: Market rates
Posted: 6 days ago
London
McGregor Boyall
Rate: £800 - £1000 per day
Posted: 6 days ago
London
Cititec Associates Limited
Rate: £800 - £850 per day
Posted: 6 days ago
London
Hatstand Limited
Rate: £550 - £650 per day
Posted: 3 days ago