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 22 May 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
22 May 2015
Same period 2014 Same period 2013
Algo Trading
Rank 497 530 470
Rank change year-on-year
+33 -60
Contract jobs citing Algorithmic Trading 110 52 79
As % of all contract IT jobs located in the UK 0.20% 0.099% 0.17%
As % of the Processes & Methodologies category 0.27% 0.13% 0.23%
Number of daily rates quoted 79 45 62
Average daily rate
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of your Daily Rate
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£625 £625 £553
Average daily rate % change year-on-year
- +13.12%
90% offered a daily rate of more than £480 £500 £500
10% offered a daily rate of more than £750 £738 £700
UK excluding London average daily rate £650 - -
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
41485 39369 34836
As % of all contract IT jobs located in the UK 76.59% 74.79% 73.90%
Number of daily rates quoted 26264 24909 20841
Average daily rate £413 £400 £413
Average daily rate % change year-on-year
+3.12% -3.03%
90% offered a daily rate of more than £285 £275 £275
10% offered a daily rate of more than £575 £555 £575
UK excluding London average daily rate £388 £375 £363
% change year-on-year
+3.33% +3.44%
Number of hourly rates quoted 1203 1184 1052
Average hourly rate £29.00 £28.75 £32.00
Average hourly rate % change year-on-year
+0.86% -10.15%
90% offered a hourly rate of more than £12.10 £12.50 £13.50
10% offered a hourly rate of more than £47.50 £47.50 £48.56
UK excluding London average hourly rate £30.00 £30.00 £32.00
% change year-on-year
- -6.25%

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 22 May 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 5 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 22 May 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 +49 109 £625 - 37
England +31 109 £625 - 37
City of London +17 24 £550 -13.72% 17
Docklands, London -2 1 £575 +12.19%
Canary Wharf - 1 £450 -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 22 May 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.

1 103 (57.87%) Low Latency
2 84 (47.19%) Front Office
3 77 (43.26%) Java
4 72 (40.45%) Finance
5 69 (38.76%) Multithreading
6 65 (36.52%) Banking
7 64 (35.96%) Equities
8 63 (35.39%) Foreign Exchange (FX)
9 62 (34.83%) FIX Protocol
10 55 (30.90%) C++
11 51 (28.65%) Linux
12 50 (28.09%) UNIX
13 44 (24.72%) Investment Banking
14 42 (23.60%) Agile Software Development
15 31 (17.42%) Electronic Trading
15 31 (17.42%) Algorithms
16 30 (16.85%) SQL
17 29 (16.29%) Perl
17 29 (16.29%) KDB
18 28 (15.73%) OO
19 27 (15.17%) Risk Management
19 27 (15.17%) TDD
20 24 (13.48%) Python
20 24 (13.48%) Derivative
21 20 (11.24%) Software Engineering
22 19 (10.67%) Fixed Income
22 19 (10.67%) C#
22 19 (10.67%) Middleware
22 19 (10.67%) Mathematics
23 18 (10.11%) Degree

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 22 May 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 1 (0.56%) MS Exchange
Applications
1 2 (1.12%) MS Excel
2 1 (0.56%) MS Office
Business Applications
1 1 (0.56%) RMDS
Communications & Networking
1 7 (3.93%) TCP/IP
2 4 (2.25%) Multicast
3 1 (0.56%) DHCP
3 1 (0.56%) HTTP
3 1 (0.56%) DNS
3 1 (0.56%) Internet
3 1 (0.56%) SAN
3 1 (0.56%) NAS
3 1 (0.56%) iSCSI
Database & Business Intelligence
1 29 (16.29%) KDB
2 5 (2.81%) SQL Server
2 5 (2.81%) Relational Database
3 2 (1.12%) RDBMS
3 2 (1.12%) DB2
Development Applications
1 8 (4.49%) Subversion
1 8 (4.49%) Eclipse
2 3 (1.69%) Maven
2 3 (1.69%) Jenkins
3 2 (1.12%) JUnit
4 1 (0.56%) NUnit
4 1 (0.56%) Rhino Mocks
4 1 (0.56%) NMock
General
1 84 (47.19%) Front Office
2 72 (40.45%) Finance
3 65 (36.52%) Banking
4 44 (24.72%) Investment Banking
5 3 (1.69%) Financial Institution
5 3 (1.69%) Marketing
6 2 (1.12%) Back Office
7 1 (0.56%) Advertising
7 1 (0.56%) Retail
7 1 (0.56%) Retail Banking
7 1 (0.56%) Corporate Banking
7 1 (0.56%) Mandarin Language
Job Titles
1 123 (69.10%) Developer
2 67 (37.64%) Java Developer
3 35 (19.66%) C++ Developer
4 32 (17.98%) Analyst
5 26 (14.61%) Senior Developer
6 21 (11.80%) Senior Java Developer
7 17 (9.55%) Support Analyst
8 10 (5.62%) C# Developer
9 9 (5.06%) Business Analyst
9 9 (5.06%) FIX Analyst
10 8 (4.49%) Applications Support
11 5 (2.81%) WPF Developer
12 4 (2.25%) Senior WPF Developer
12 4 (2.25%) Python Developer
12 4 (2.25%) Applications Support Analyst
13 3 (1.69%) Lead Developer
13 3 (1.69%) Architect
13 3 (1.69%) Senior Architect
13 3 (1.69%) Banking Business Analyst
13 3 (1.69%) Lead Java Developer
Libraries, Frameworks & Software Standards
1 62 (34.83%) FIX Protocol
2 19 (10.67%) Middleware
3 12 (6.74%) WPF
4 8 (4.49%) J2SE
5 7 (3.93%) STL
5 7 (3.93%) Boost C++ Libraries
6 6 (3.37%) Reactive Extensions
6 6 (3.37%) Spring
6 6 (3.37%) .NET
7 5 (2.81%) LINQ
8 3 (1.69%) WinForms
8 3 (1.69%) AngularJS
9 2 (1.12%) Silverlight
9 2 (1.12%) HTML5
9 2 (1.12%) JMS
9 2 (1.12%) HTML
10 1 (0.56%) Swing
10 1 (0.56%) XML
10 1 (0.56%) J2EE
10 1 (0.56%) WCF
Miscellaneous
1 64 (35.96%) Equities
2 63 (35.39%) Foreign Exchange (FX)
3 31 (17.42%) Algorithms
4 24 (13.48%) Derivative
5 19 (10.67%) Fixed Income
5 19 (10.67%) Mathematics
6 10 (5.62%) Equity Derivative
7 9 (5.06%) Analytical Skills
7 9 (5.06%) Data Structures
8 8 (4.49%) Hedge funds
8 8 (4.49%) Physics
9 7 (3.93%) Clustering
10 6 (3.37%) Open Source
10 6 (3.37%) Computer Science
10 6 (3.37%) Management Information System
11 4 (2.25%) TWAP
11 4 (2.25%) SCADA
11 4 (2.25%) VWAP
11 4 (2.25%) Visualisation
12 3 (1.69%) Tandem
Operating Systems
1 51 (28.65%) Linux
2 50 (28.09%) UNIX
3 9 (5.06%) Windows
4 8 (4.49%) Red Hat Enterprise Linux
5 7 (3.93%) AIX
5 7 (3.93%) Solaris
5 7 (3.93%) SUSE
5 7 (3.93%) SUSE Linux Enterprise Server
6 6 (3.37%) Oracle Linux
7 1 (0.56%) Windows 7
7 1 (0.56%) Windows Server 2008
7 1 (0.56%) Windows Server 2012
Processes & Methodologies
1 103 (57.87%) Low Latency
2 69 (38.76%) Multithreading
3 42 (23.60%) Agile Software Development
4 31 (17.42%) Electronic Trading
5 28 (15.73%) OO
6 27 (15.17%) Risk Management
6 27 (15.17%) TDD
7 20 (11.24%) Software Engineering
8 14 (7.87%) Market Making
9 13 (7.30%) FX Algorithmic Trading
10 11 (6.18%) Garbage Collection
11 8 (4.49%) Performance Tuning
11 8 (4.49%) Operations Research
11 8 (4.49%) Configuration Management
12 7 (3.93%) Project Management
12 7 (3.93%) Financial Modelling
13 6 (3.37%) Concurrent Programming
13 6 (3.37%) Stakeholder Engagement
13 6 (3.37%) Performance Analysis
13 6 (3.37%) Continuous Integration
Programming Languages
1 77 (43.26%) Java
2 55 (30.90%) C++
3 30 (16.85%) SQL
4 29 (16.29%) Perl
5 24 (13.48%) Python
6 19 (10.67%) C#
7 8 (4.49%) Shell Script
8 7 (3.93%) Ruby
9 4 (2.25%) C
9 4 (2.25%) JavaScript
10 3 (1.69%) PowerShell
11 2 (1.12%) Scala
11 2 (1.12%) VB
11 2 (1.12%) AWK
12 1 (0.56%) XAML
12 1 (0.56%) VBScript
12 1 (0.56%) Tcl
12 1 (0.56%) C-shell
Qualifications
1 18 (10.11%) Degree
2 2 (1.12%) PhD
Quality Assurance & Compliance
1 4 (2.25%) QA
System Software
1 7 (3.93%) Veritas Cluster Server
2 3 (1.69%) Active Directory
3 1 (0.56%) VMware ESX
3 1 (0.56%) NFS
3 1 (0.56%) VMware Infrastructure
Systems Management
1 7 (3.93%) HP Operations Orchestration
1 7 (3.93%) Puppet
1 7 (3.93%) Opscode Chef
2 1 (0.56%) WMI
Vendors
1 10 (5.62%) Sybase
2 9 (5.06%) Oracle
3 7 (3.93%) Red Hat
3 7 (3.93%) HP
3 7 (3.93%) EMC
3 7 (3.93%) Veritas
4 6 (3.37%) ION Trading
5 4 (2.25%) Solace
6 3 (1.69%) Microsoft
6 3 (1.69%) Fidessa
6 3 (1.69%) TIBCO
6 3 (1.69%) Portware
7 2 (1.12%) IBM
7 2 (1.12%) Infragistics
7 2 (1.12%) Perforce
8 1 (0.56%) VMware
8 1 (0.56%) Sun
8 1 (0.56%) NYFIX
8 1 (0.56%) Cognizant
8 1 (0.56%) 3PAR
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Rate: £700 - £800 per day
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Rate: £450 - £550 per day
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