The first table below looks at the demand 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 23 April 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category.

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
23 Apr 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 557 476 438
Rank change year-on-year
-81 -38
Contract jobs citing Algorithmic Trading 39 75 149
As % of all contract IT jobs located in the UK 0.069% 0.15% 0.25%
As % of the Processes & Methodologies category 0.095% 0.21% 0.35%
Number of daily rates quoted 35 59 118
Average daily rate £625 £575 £600
Average daily rate % change year-on-year
+8.69% -4.16%
90% offered a daily rate of more than £500 £500 £552
10% offered a daily rate of more than £738 £700 £650
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Processes & Methodologies Category
UK
Contract IT job ads with a match in the
Processes & Methodologies category
41264 35135 42029
As % of all contract IT jobs located in the UK 73.38% 72.48% 69.43%
Number of daily rates quoted 25706 20929 23993
Average daily rate £400 £408 £410
Average daily rate % change year-on-year
-1.84% -0.60%
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £563 £575 £588
UK excluding London average daily rate £375 £360 £370
% change year-on-year
+4.16% -2.70%
Number of hourly rates quoted 1171 1050 1421
Average hourly rate £30.00 £32.00 £26.75
Average hourly rate % change year-on-year
-6.25% +19.62%
90% offered a hourly rate of more than £12.49 £13.50 £12.50
10% offered a hourly rate of more than £52.50 £54.00 £45.00
UK excluding London average hourly rate £30.50 £32.00 £26.00
% change year-on-year
-4.68% +23.07%

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 23 April 2014.

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 13 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 23 April 2014. 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 each for more statistics)
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
Find
Job
Vacancies
London -54 39 £625 +8.69% 25
England -86 39 £625 +8.69% 25
City of London -6 14 £650 - 12
Docklands, London - - - -
South East - - - -
South West - - - -
Cambridgeshire - - - -
Gloucestershire - - - -
Surrey - - - -
East of England - - - -
Berkeley - - - -
Cambridge - - - -
Guildford - - - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 23 April 2014, 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 66 (63.46%) Front Office
2 65 (62.50%) Java
3 52 (50.00%) Equities
4 49 (47.12%) Low Latency
5 40 (38.46%) Multithreading
6 39 (37.50%) Banking
7 38 (36.54%) Foreign Exchange (FX)
8 31 (29.81%) Investment Banking
9 30 (28.85%) Finance
10 27 (25.96%) SQL
11 26 (25.00%) C++
12 23 (22.12%) Electronic Trading
13 22 (21.15%) FIX Protocol
14 21 (20.19%) C#
15 20 (19.23%) Risk Management
16 19 (18.27%) Middleware
17 18 (17.31%) UNIX
18 17 (16.35%) Degree
19 16 (15.38%) Oracle
20 14 (13.46%) OO
20 14 (13.46%) Fixed Income
20 14 (13.46%) Software Engineering
20 14 (13.46%) TDD
20 14 (13.46%) KDB
21 13 (12.50%) Computer Science
22 12 (11.54%) Bloomberg
22 12 (11.54%) Linux
22 12 (11.54%) Eclipse
23 11 (10.58%) Scala
23 11 (10.58%) Tradeweb

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 23 April 2014, 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 7 (6.73%) Oracle Coherence
2 3 (2.88%) TIBCO EMS
Applications
1 1 (0.96%) MS Office
Business Applications
1 8 (7.69%) RMDS
Communications & Networking
1 2 (1.92%) HTTP
2 1 (0.96%) TCP/IP
Database & Business Intelligence
1 14 (13.46%) KDB
2 4 (3.85%) Relational Database
3 1 (0.96%) SQL Server
Development Applications
1 12 (11.54%) Eclipse
2 7 (6.73%) Maven
3 6 (5.77%) Subversion
4 4 (3.85%) Ant
5 3 (2.88%) SpecFlow
5 3 (2.88%) Visual Studio
General
1 66 (63.46%) Front Office
2 39 (37.50%) Banking
3 31 (29.81%) Investment Banking
4 30 (28.85%) Finance
5 5 (4.81%) Back Office
6 4 (3.85%) Retail
7 2 (1.92%) Legal
8 1 (0.96%) Financial Institution
Job Titles
1 57 (54.81%) Developer
2 30 (28.85%) Java Developer
3 17 (16.35%) Analyst
4 10 (9.62%) Senior Developer
4 10 (9.62%) Business Analyst
5 8 (7.69%) Development Manager
6 6 (5.77%) C# Developer
7 5 (4.81%) C++ Developer
7 5 (4.81%) Fidessa Analyst
7 5 (4.81%) Support Analyst
8 3 (2.88%) C# .NET Developer
8 3 (2.88%) Senior C++ Developer
8 3 (2.88%) Python Developer
8 3 (2.88%) Fidessa Business Analyst
8 3 (2.88%) Project Manager
8 3 (2.88%) Senior Analyst
9 2 (1.92%) Applications Support
9 2 (1.92%) Senior Business Analyst
9 2 (1.92%) Business Project Manager
9 2 (1.92%) Quantitative Developer
Libraries, Frameworks & Software Standards
1 22 (21.15%) FIX Protocol
2 19 (18.27%) Middleware
3 10 (9.62%) .NET
4 6 (5.77%) JMX
4 6 (5.77%) J2SE
4 6 (5.77%) WCF
4 6 (5.77%) RabbitMQ
5 4 (3.85%) JMS
5 4 (3.85%) LINQ
6 3 (2.88%) XML
7 2 (1.92%) Rendezvous
7 2 (1.92%) Swing
7 2 (1.92%) WPF
8 1 (0.96%) Reactive Extensions
8 1 (0.96%) Spring
8 1 (0.96%) Hibernate
8 1 (0.96%) WinForms
Miscellaneous
1 52 (50.00%) Equities
2 38 (36.54%) Foreign Exchange (FX)
3 14 (13.46%) Fixed Income
4 13 (12.50%) Computer Science
5 11 (10.58%) Credit Derivative
6 4 (3.85%) Derivative
6 4 (3.85%) VWAP
6 4 (3.85%) Hedge funds
6 4 (3.85%) TWAP
7 3 (2.88%) Visualisation
7 3 (2.88%) Open Source
8 1 (0.96%) Enterprise Software
8 1 (0.96%) Credit Risk
8 1 (0.96%) Mathematics
8 1 (0.96%) Physics
8 1 (0.96%) Equity Derivative
Operating Systems
1 18 (17.31%) UNIX
2 12 (11.54%) Linux
3 5 (4.81%) Solaris
4 3 (2.88%) Windows
Processes & Methodologies
1 49 (47.12%) Low Latency
2 40 (38.46%) Multithreading
3 23 (22.12%) Electronic Trading
4 20 (19.23%) Risk Management
5 14 (13.46%) OO
5 14 (13.46%) Software Engineering
5 14 (13.46%) TDD
6 9 (8.65%) Analytics
7 8 (7.69%) UML
8 7 (6.73%) E-Commerce
9 6 (5.77%) Business Analysis
9 6 (5.77%) Performance Tuning
10 5 (4.81%) Agile Software Development
11 4 (3.85%) Change Management
11 4 (3.85%) Migration
11 4 (3.85%) Project Management
12 3 (2.88%) Straight-Through Processing
12 3 (2.88%) BDD
12 3 (2.88%) Web Development
12 3 (2.88%) User Acceptance Testing
Programming Languages
1 65 (62.50%) Java
2 27 (25.96%) SQL
3 26 (25.00%) C++
4 21 (20.19%) C#
5 11 (10.58%) Scala
6 5 (4.81%) Perl
7 4 (3.85%) Python
8 3 (2.88%) Bash Shell
8 3 (2.88%) Shell Script
9 2 (1.92%) C
10 1 (0.96%) C-shell
10 1 (0.96%) VB
10 1 (0.96%) VBA
10 1 (0.96%) AWK
Qualifications
1 17 (16.35%) Degree
Quality Assurance & Compliance
1 3 (2.88%) QA
Vendors
1 16 (15.38%) Oracle
2 12 (11.54%) Bloomberg
3 11 (10.58%) Tradeweb
3 11 (10.58%) ION Trading
4 8 (7.69%) 29West
4 8 (7.69%) TIBCO
5 7 (6.73%) Fidessa
6 5 (4.81%) Sybase
7 3 (2.88%) Microsoft
8 2 (1.92%) Reuters
London
McGregor Boyall
Rate: £650 - £750 per annum
Posted: 5 days ago
London
Oliver Bernard
Rate: From £55,000 to £60,000 per annum
Posted: 6 days ago
City of London
Huxley Associates
Rate: £600 - £650 per day
Posted: 7 days ago
London
Interquest - ITQ Financial - Tunbridge Wells
Rate: £520 - £580 per annum
Posted: 18 days ago
City of London
Huxley Associates
Rate: £600 - £700 per day
Posted: 23 days ago