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 August 2014 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 Aug 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 483 477 482
Rank change year-on-year
-6 +5
Contract jobs citing Algorithmic Trading 123 102 109
As % of all contract IT jobs located in the UK 0.22% 0.19% 0.19%
As % of the Processes & Methodologies category 0.29% 0.26% 0.27%
Number of daily rates quoted 112 80 59
Average daily rate
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of your Daily Rate
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£650 £600 £600
Average daily rate % change year-on-year
+8.33% -
90% offered a daily rate of more than £475 £450 £325
10% offered a daily rate of more than £700 £700 £700
UK excluding London average daily rate £375 - -
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
41951 38607 41075
As % of all contract IT jobs located in the UK 74.17% 73.26% 70.98%
Number of daily rates quoted 26010 23715 23830
Average daily rate £410 £400 £400
Average daily rate % change year-on-year
+2.50% -
90% offered a daily rate of more than £275 £273 £265
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £375 £370 £360
% change year-on-year
+1.35% +2.77%
Number of hourly rates quoted 1162 1053 1463
Average hourly rate £23.50 £28.00 £31.50
Average hourly rate % change year-on-year
-16.07% -11.11%
90% offered a hourly rate of more than £12.50 £12.50 £13.00
10% offered a hourly rate of more than £50.00 £48.84 £45.00
UK excluding London average hourly rate £25.50 £30.00 £31.00
% change year-on-year
-15.00% -3.22%

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 August 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 12 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 August 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
(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 +28 113 £650 +8.33% 32
England -7 113 £650 +8.33% 33
City of London +26 44 £650 +8.33% 16
Docklands, London - 1 £555 -
County Antrim - 1 £425 - 1
Belfast - 1 £425 - 1
Northern Ireland - 1 £425 - 1
East of England - - - - 1
Birmingham - - - -
Cambridge - - - - 1
West Midlands - - - -
Cambridgeshire - - - - 1

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 29 August 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.

1 127 (71.35%) Low Latency
2 126 (70.79%) Foreign Exchange (FX)
3 125 (70.22%) Multithreading
4 116 (65.17%) Java
5 98 (55.06%) Front Office
6 84 (47.19%) Banking
7 49 (27.53%) C#
8 47 (26.40%) SQL
9 45 (25.28%) Finance
10 39 (21.91%) Linux
10 39 (21.91%) Investment Banking
10 39 (21.91%) Electronic Trading
11 36 (20.22%) FIX Protocol
12 33 (18.54%) Equities
12 33 (18.54%) C++
13 27 (15.17%) Oracle
13 27 (15.17%) Degree
13 27 (15.17%) Performance Tuning
14 24 (13.48%) UNIX
15 23 (12.92%) Oracle Coherence
15 23 (12.92%) KDB
16 21 (11.80%) TWAP
16 21 (11.80%) VWAP
17 18 (10.11%) Computer Science
18 15 (8.43%) Windows
18 15 (8.43%) Risk Management
19 14 (7.87%) Middleware
19 14 (7.87%) E-Commerce
19 14 (7.87%) Relational Database
20 13 (7.30%) Mathematics

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 29 August 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 23 (12.92%) Oracle Coherence
Applications
1 3 (1.69%) MS Office
Business Applications
1 7 (3.93%) RMDS
Communications & Networking
1 10 (5.62%) TCP/IP
2 7 (3.93%) Multicast
3 1 (0.56%) HTTP
3 1 (0.56%) DNS
3 1 (0.56%) Firewall
3 1 (0.56%) BGP
Database & Business Intelligence
1 23 (12.92%) KDB
2 14 (7.87%) Relational Database
3 5 (2.81%) SQL Server
Development Applications
1 2 (1.12%) Ant
1 2 (1.12%) Eclipse
1 2 (1.12%) Maven
2 1 (0.56%) JIRA
2 1 (0.56%) JUnit
General
1 98 (55.06%) Front Office
2 84 (47.19%) Banking
3 45 (25.28%) Finance
4 39 (21.91%) Investment Banking
5 7 (3.93%) Financial Institution
6 2 (1.12%) Back Office
7 1 (0.56%) Law
7 1 (0.56%) Legal
7 1 (0.56%) Games
Job Titles
1 125 (70.22%) Developer
2 71 (39.89%) Java Developer
3 36 (20.22%) C# Developer
4 14 (7.87%) Analyst
5 13 (7.30%) Senior Developer
6 10 (5.62%) Business Analyst
6 10 (5.62%) Senior Java Developer
6 10 (5.62%) WPF Developer
7 8 (4.49%) Lead Developer
8 7 (3.93%) Development Manager
9 6 (3.37%) C++ Developer
10 5 (2.81%) Lead Java Developer
11 4 (2.25%) Support Analyst
11 4 (2.25%) Python Developer
11 4 (2.25%) Quantitative Developer
12 3 (1.69%) IT Business Analyst
12 3 (1.69%) Senior WPF Developer
13 2 (1.12%) Banking Business Analyst
14 1 (0.56%) Applications Support Analyst
14 1 (0.56%) Senior Support Analyst
Libraries, Frameworks & Software Standards
1 36 (20.22%) FIX Protocol
2 14 (7.87%) Middleware
3 11 (6.18%) WPF
4 10 (5.62%) .NET
5 6 (3.37%) WinForms
6 4 (2.25%) STL
6 4 (2.25%) LINQ
7 3 (1.69%) HTML
7 3 (1.69%) Rendezvous
7 3 (1.69%) Boost C++ Libraries
7 3 (1.69%) HTML5
7 3 (1.69%) Reactive Extensions
8 2 (1.12%) JMS
9 1 (0.56%) Spring
9 1 (0.56%) WCF
9 1 (0.56%) J2SE
9 1 (0.56%) RabbitMQ
Miscellaneous
1 126 (70.79%) Foreign Exchange (FX)
2 33 (18.54%) Equities
3 21 (11.80%) TWAP
3 21 (11.80%) VWAP
4 18 (10.11%) Computer Science
5 13 (7.30%) Mathematics
6 9 (5.06%) Visualisation
6 9 (5.06%) Fixed Income
7 8 (4.49%) Derivative
8 5 (2.81%) Hedge funds
9 4 (2.25%) Open Source
9 4 (2.25%) Client/Server
9 4 (2.25%) Credit Derivative
10 3 (1.69%) Physics
11 2 (1.12%) Equity Derivative
11 2 (1.12%) Statistics
12 1 (0.56%) Credit Risk
12 1 (0.56%) Firmware
12 1 (0.56%) Enterprise Software
Operating Systems
1 39 (21.91%) Linux
2 24 (13.48%) UNIX
3 15 (8.43%) Windows
4 6 (3.37%) Solaris
5 2 (1.12%) Red Hat Enterprise Linux
6 1 (0.56%) CentOS
Processes & Methodologies
1 127 (71.35%) Low Latency
2 125 (70.22%) Multithreading
3 39 (21.91%) Electronic Trading
4 27 (15.17%) Performance Tuning
5 15 (8.43%) Risk Management
6 14 (7.87%) E-Commerce
7 10 (5.62%) OO
7 10 (5.62%) Software Engineering
8 7 (3.93%) Business Analysis
8 7 (3.93%) Agile Software Development
9 5 (2.81%) Business Development
10 4 (2.25%) Data Visualisation
10 4 (2.25%) Analytics
10 4 (2.25%) Ultra-Low Latency
10 4 (2.25%) Change Control
10 4 (2.25%) Process Management
10 4 (2.25%) Problem Management
11 3 (1.69%) TDD
11 3 (1.69%) Web Development
12 2 (1.12%) Complex Event Processing
Programming Languages
1 116 (65.17%) Java
2 49 (27.53%) C#
3 47 (26.40%) SQL
4 33 (18.54%) C++
5 11 (6.18%) Python
6 6 (3.37%) Perl
7 5 (2.81%) Shell Script
8 4 (2.25%) C-shell
9 3 (1.69%) AWK
10 2 (1.12%) Scala
10 2 (1.12%) Bash Shell
10 2 (1.12%) C
10 2 (1.12%) PowerShell
11 1 (0.56%) Korn
11 1 (0.56%) VB
11 1 (0.56%) R
Qualifications
1 27 (15.17%) Degree
2 4 (2.25%) PhD
Quality Assurance & Compliance
1 1 (0.56%) MiFID
1 1 (0.56%) EMIR
1 1 (0.56%) Dodd-Frank
System Software
1 1 (0.56%) Active Directory
Systems Management
1 1 (0.56%) CFEngine
Vendors
1 27 (15.17%) Oracle
2 9 (5.06%) 29West
3 7 (3.93%) TIBCO
4 5 (2.81%) Bloomberg
5 4 (2.25%) StreamBase
6 3 (1.69%) Perforce
6 3 (1.69%) Sybase
6 3 (1.69%) Infragistics
7 2 (1.12%) Tradeweb
7 2 (1.12%) ION Trading
8 1 (0.56%) Portware
8 1 (0.56%) Intel
8 1 (0.56%) Reuters
8 1 (0.56%) Radianz
London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 13 hours ago
London
Hays Finance Technology
Rate: £450.00 - £550.00 per day
Posted: 23 hours ago
City, London
Aston Carter
Rate: £750 - £850 per day
Posted: Yesterday
City, London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 2 days ago
London
McGregor Boyall
Rate: £650 - £720 per day
Posted: 2 days ago
City, London
Hays Finance Technology
Rate: £550.00 - £680.00 per day
Posted: 2 days ago
London
McGregor Boyall
Rate: £550 - £650 per day
Posted: 6 days ago
London
Hays IT - Uk Posting account
Rate: £700.00 - £800.00 per annum
Posted: 17 days ago
London
Hays IT - Uk Posting account
Rate: £600 - £650.00 per day + Excellent & Neg
Posted: 17 days ago
Belfast
Hays IT - Uk Posting account
Rate: £350.00 - £500.00 per annum
Posted: 24 days ago