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 29 July 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
29 Jul 2015
Same period 2014 Same period 2013
Algo Trading
Rank 511 504 487
Rank change year-on-year
-7 -17
Contract jobs citing Algorithmic Trading 100 96 85
As % of all contract IT jobs located in the UK 0.18% 0.18% 0.17%
As % of the Processes & Methodologies category 0.23% 0.23% 0.22%
Number of daily rates quoted 85 80 66
Average daily rate
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£675 £650 £600
Average daily rate % change year-on-year
+3.84% +8.33%
90% offered a daily rate of more than £481 £434 £500
10% offered a daily rate of more than £750 £700 £700
UK excluding London average daily rate £450 £375 -
% change year-on-year
+20.00% -
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
44378 41654 38176
As % of all contract IT jobs located in the UK 77.75% 76.18% 74.80%
Number of daily rates quoted 28795 25786 23134
Average daily rate £415 £400 £405
Average daily rate % change year-on-year
+3.75% -1.23%
90% offered a daily rate of more than £285 £275 £273
10% offered a daily rate of more than £575 £563 £575
UK excluding London average daily rate £388 £375 £375
% change year-on-year
+3.33% -
Number of hourly rates quoted 1172 1177 1108
Average hourly rate £29.50 £25.00 £30.50
Average hourly rate % change year-on-year
+18.00% -18.03%
90% offered a hourly rate of more than £12.49 £12.82 £12.50
10% offered a hourly rate of more than £52.17 £47.50 £50.00
UK excluding London average hourly rate £30.00 £26.98 £31.00
% change year-on-year
+11.21% -12.98%

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 29 July 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 29 July 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 +15 96 £675 +3.84% 36
England -3 96 £675 +3.84% 36
City of London +3 34 £725 +11.53% 17
Scotland -9 3 £425 +13.33%
Edinburgh - 1 £475 -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 29 July 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.

1 119 (56.67%) Low Latency
2 96 (45.71%) Foreign Exchange (FX)
3 89 (42.38%) Front Office
4 83 (39.52%) Java
5 80 (38.10%) Multithreading
6 77 (36.67%) Equities
7 71 (33.81%) Finance
7 71 (33.81%) FIX Protocol
8 69 (32.86%) Banking
8 69 (32.86%) C++
9 68 (32.38%) Linux
10 47 (22.38%) UNIX
11 44 (20.95%) Algorithms
12 42 (20.00%) Agile Software Development
12 42 (20.00%) Investment Banking
13 35 (16.67%) SQL
14 32 (15.24%) C#
15 31 (14.76%) Electronic Trading
16 29 (13.81%) Risk Management
16 29 (13.81%) KDB
17 28 (13.33%) Derivative
18 26 (12.38%) FX Algorithmic Trading
18 26 (12.38%) Market Making
19 25 (11.90%) Software Engineering
20 23 (10.95%) TDD
20 23 (10.95%) Fixed Income
20 23 (10.95%) Perl
20 23 (10.95%) Python
20 23 (10.95%) WPF
21 21 (10.00%) Degree

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 29 July 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 (0.48%) MS Exchange
Applications
1 2 (0.95%) MS Excel
2 1 (0.48%) MS Office
Business Applications
1 1 (0.48%) Summit
1 1 (0.48%) RMDS
1 1 (0.48%) Kondor+
Communications & Networking
1 6 (2.86%) TCP/IP
2 4 (1.90%) Multicast
3 1 (0.48%) DHCP
3 1 (0.48%) HTTP
3 1 (0.48%) DNS
3 1 (0.48%) SAN
3 1 (0.48%) Internet
3 1 (0.48%) iSCSI
3 1 (0.48%) NAS
Database & Business Intelligence
1 29 (13.81%) KDB
2 5 (2.38%) SQL Server
3 3 (1.43%) NoSQL
3 3 (1.43%) Relational Database
Development Applications
1 7 (3.33%) Subversion
1 7 (3.33%) Eclipse
2 3 (1.43%) Jenkins
2 3 (1.43%) Maven
3 1 (0.48%) Rhino Mocks
3 1 (0.48%) NMock
3 1 (0.48%) NUnit
General
1 89 (42.38%) Front Office
2 71 (33.81%) Finance
3 69 (32.86%) Banking
4 42 (20.00%) Investment Banking
5 8 (3.81%) Financial Institution
6 3 (1.43%) Marketing
7 2 (0.95%) Back Office
8 1 (0.48%) Advertising
8 1 (0.48%) Retail Banking
8 1 (0.48%) Corporate Banking
8 1 (0.48%) Retail
8 1 (0.48%) Mandarin Language
Job Titles
1 150 (71.43%) Developer
2 68 (32.38%) Java Developer
3 50 (23.81%) C++ Developer
4 39 (18.57%) Analyst
5 30 (14.29%) Senior Developer
6 22 (10.48%) Senior Java Developer
7 21 (10.00%) C# Developer
8 18 (8.57%) Support Analyst
9 12 (5.71%) Business Analyst
10 11 (5.24%) FIX Analyst
11 10 (4.76%) Applications Support
12 8 (3.81%) WPF Developer
13 7 (3.33%) Applications Support Analyst
14 5 (2.38%) Senior WPF Developer
15 4 (1.90%) Investment Banking Business Analyst
16 3 (1.43%) C++/Java Developer
16 3 (1.43%) Junior Support Analyst
16 3 (1.43%) Senior Architect
16 3 (1.43%) Lead Java Developer
16 3 (1.43%) Python Developer
Libraries, Frameworks & Software Standards
1 71 (33.81%) FIX Protocol
2 23 (10.95%) WPF
3 14 (6.67%) J2SE
3 14 (6.67%) Middleware
4 12 (5.71%) .NET
5 8 (3.81%) STL
5 8 (3.81%) Boost C++ Libraries
6 7 (3.33%) WinForms
7 6 (2.86%) Reactive Extensions
8 5 (2.38%) LINQ
8 5 (2.38%) AngularJS
8 5 (2.38%) Spring
9 4 (1.90%) HTML5
9 4 (1.90%) HTML
10 2 (0.95%) Silverlight
10 2 (0.95%) WCF
10 2 (0.95%) J2EE
11 1 (0.48%) Swing
11 1 (0.48%) Ultra Messaging
11 1 (0.48%) Ninject
Miscellaneous
1 96 (45.71%) Foreign Exchange (FX)
2 77 (36.67%) Equities
3 44 (20.95%) Algorithms
4 28 (13.33%) Derivative
5 23 (10.95%) Fixed Income
6 20 (9.52%) Data Structures
7 16 (7.62%) Analytical Skills
8 13 (6.19%) Mathematics
9 12 (5.71%) Equity Derivative
9 12 (5.71%) Hedge funds
10 7 (3.33%) Physics
10 7 (3.33%) Computer Science
11 5 (2.38%) Tandem
11 5 (2.38%) Field-Programmable Gate Array
12 4 (1.90%) VWAP
12 4 (1.90%) SCADA
12 4 (1.90%) TWAP
12 4 (1.90%) Visualisation
13 3 (1.43%) Index Arbitrage
13 3 (1.43%) Clustering
Operating Systems
1 68 (32.38%) Linux
2 47 (22.38%) UNIX
3 10 (4.76%) Windows
4 4 (1.90%) Red Hat Enterprise Linux
5 3 (1.43%) SUSE
5 3 (1.43%) AIX
5 3 (1.43%) Solaris
5 3 (1.43%) Oracle Linux
5 3 (1.43%) SUSE Linux Enterprise Server
6 1 (0.48%) Windows Server 2012
6 1 (0.48%) Windows Server 2008
6 1 (0.48%) Windows 7
Processes & Methodologies
1 119 (56.67%) Low Latency
2 80 (38.10%) Multithreading
3 42 (20.00%) Agile Software Development
4 31 (14.76%) Electronic Trading
5 29 (13.81%) Risk Management
6 26 (12.38%) Market Making
6 26 (12.38%) FX Algorithmic Trading
7 25 (11.90%) Software Engineering
8 23 (10.95%) TDD
9 15 (7.14%) OO
10 10 (4.76%) Garbage Collection
11 9 (4.29%) Operations Research
12 8 (3.81%) Project Management
12 8 (3.81%) Financial Modelling
13 7 (3.33%) Open Source
13 7 (3.33%) Continuous Integration
14 6 (2.86%) Migration
14 6 (2.86%) Stakeholder Engagement
14 6 (2.86%) Performance Tuning
14 6 (2.86%) Performance Analysis
Programming Languages
1 83 (39.52%) Java
2 69 (32.86%) C++
3 35 (16.67%) SQL
4 32 (15.24%) C#
5 23 (10.95%) Perl
5 23 (10.95%) Python
6 11 (5.24%) Shell Script
7 7 (3.33%) C
7 7 (3.33%) JavaScript
8 6 (2.86%) PowerShell
9 3 (1.43%) Bash Shell
9 3 (1.43%) Ruby
10 2 (0.95%) AWK
10 2 (0.95%) Tcl
10 2 (0.95%) VB
10 2 (0.95%) Scala
11 1 (0.48%) C-shell
11 1 (0.48%) XAML
11 1 (0.48%) PL/SQL
11 1 (0.48%) VBScript
Qualifications
1 21 (10.00%) Degree
2 8 (3.81%) PhD
Quality Assurance & Compliance
1 1 (0.48%) MiFID
1 1 (0.48%) QA
System Software
1 6 (2.86%) Active Directory
2 3 (1.43%) Veritas Cluster Server
3 1 (0.48%) NFS
3 1 (0.48%) VMware ESX
3 1 (0.48%) VMware Infrastructure
Systems Management
1 3 (1.43%) HP Operations Orchestration
1 3 (1.43%) Puppet
1 3 (1.43%) Opscode Chef
2 1 (0.48%) WMI
Vendors
1 9 (4.29%) Sybase
2 8 (3.81%) Oracle
3 5 (2.38%) Fidessa
4 4 (1.90%) Red Hat
4 4 (1.90%) ION Trading
5 3 (1.43%) Portware
5 3 (1.43%) Veritas
5 3 (1.43%) HP
5 3 (1.43%) EMC
5 3 (1.43%) Microsoft
6 2 (0.95%) Infragistics
6 2 (0.95%) Perforce
7 1 (0.48%) VMware
7 1 (0.48%) Reuters
7 1 (0.48%) Bloomberg
7 1 (0.48%) NYFIX
7 1 (0.48%) Murex
7 1 (0.48%) Calypso
7 1 (0.48%) Cognizant
7 1 (0.48%) 3PAR
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Posted: Yesterday
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ComputAppoint
Rate: £400 - £450 per day
Posted: 5 days ago
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Rate: £450 per day + Mar
Posted: 5 days ago