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 22 May 2013 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
22 May 2013
Same period 2012 Same period 2011
Algorithmic Trading
Rank 455 478 393
Rank change year-on-year
+23 -85
Contract jobs citing Algorithmic Trading 79 108 200
As % of all contract IT jobs located in the UK 0.168% 0.182% 0.332%
As % of the Processes & Methodologies category 0.236% 0.269% 0.491%
Number of daily rates quoted 62 96 154
Average daily rate £553 £600 £600
Average daily rate % change year-on-year
-7.91% -
90% offered a daily rate of more than £500 £528 £500
10% offered a daily rate of more than £700 £700 £700
UK excluding London average daily rate - - £800
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Processes & Methodologies
UK
Contract IT job ads with a match in the
Processes & Methodologies category
33412 40209 40724
As % of all contract IT jobs located in the UK 70.90% 67.83% 67.66%
Number of daily rates quoted 19968 23081 23144
Average daily rate £413 £401 £440
Average daily rate % change year-on-year
+2.99% -8.97%
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £575 £579 £600
UK excluding London average daily rate £365 £365 £375
% change year-on-year
- -2.66%
Number of hourly rates quoted 990 1304 1455
Average hourly rate £31.00 £25.00 £28.50
Average hourly rate % change year-on-year
+24.00% -12.28%
90% offered a hourly rate of more than £13.50 £12.78 £13.50
10% offered a hourly rate of more than £50.00 £45.00 £45.00
UK excluding London average hourly rate £31.00 £25.00 £29.00
% change year-on-year
+24.00% -13.79%

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

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

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 2013.

Algorithmic Trading Daily Rate Histogram

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

Algorithmic Trading
Top 4 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 2013. 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
England +27 79 £553 -7.91%
London +2 79 £553 -7.91%
City of London +3 16 £650 -
Canary Wharf 0 4 £700 +12.00%

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 22 May 2013, 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 87 (74.36%) Foreign Exchange (FX)
2 73 (62.39%) Multithreading
3 65 (55.56%) Front Office
4 62 (52.99%) C#
5 50 (42.74%) Oracle
6 48 (41.03%) Java
7 39 (33.33%) Electronic Trading
8 37 (31.62%) Oracle Coherence
8 37 (31.62%) UNIX
9 31 (26.50%) Banking
10 30 (25.64%) .NET
11 29 (24.79%) SQL
11 29 (24.79%) C++
12 27 (23.08%) Windows
13 23 (19.66%) Equities
14 22 (18.80%) Investment Banking
15 21 (17.95%) Fixed Income
16 19 (16.24%) Finance
16 19 (16.24%) TCP/IP
17 18 (15.38%) Agile Software Development
18 15 (12.82%) TDD
18 15 (12.82%) Degree
18 15 (12.82%) Linux
19 13 (11.11%) Bloomberg
19 13 (11.11%) Computer Science
20 12 (10.26%) Reuters
20 12 (10.26%) TIBCO
21 11 (9.402%) Rendezvous
21 11 (9.402%) Middleware
21 11 (9.402%) Windows Server 2003

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 22 May 2013, 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 Development
1 30 (25.64%) .NET
2 11 (9.402%) Middleware
3 8 (6.838%) WinForms
4 7 (5.983%) FIX Protocol
5 6 (5.128%) Boost C++ Libraries
5 6 (5.128%) Spring
5 6 (5.128%) J2SE
5 6 (5.128%) STL
6 4 (3.419%) WPF
6 4 (3.419%) Hibernate
7 1 (0.855%) J2EE
7 1 (0.855%) XML
7 1 (0.855%) ASP.NET
7 1 (0.855%) JMS
7 1 (0.855%) Silverlight
7 1 (0.855%) Ajax
Application Platforms
1 37 (31.62%) Oracle Coherence
2 11 (9.402%) Rendezvous
2 11 (9.402%) MQSeries
3 2 (1.709%) GemFire
Business Applications
1 10 (8.547%) Oracle EBS
2 9 (7.692%) ION MarketView
3 3 (2.564%) RMDS
4 2 (1.709%) Endur
5 1 (0.855%) 3000 Xtra
Communications & Networking
1 19 (16.24%) TCP/IP
2 4 (3.419%) HTTP
Database & Business Intelligence
1 11 (9.402%) SQL Server
2 6 (5.128%) KDB
3 2 (1.709%) Hadoop
Development Applications
1 4 (3.419%) Subversion
1 4 (3.419%) Eclipse
2 3 (2.564%) QuickTest Pro
3 2 (1.709%) Maven
3 2 (1.709%) Selenium
4 1 (0.855%) WinRunner
4 1 (0.855%) LoadRunner
4 1 (0.855%) JUnit
4 1 (0.855%) TeamCity
4 1 (0.855%) NetBeans
4 1 (0.855%) NetBeans IDE
General
1 65 (55.56%) Front Office
2 31 (26.50%) Banking
3 22 (18.80%) Investment Banking
4 19 (16.24%) Finance
5 3 (2.564%) Back Office
6 2 (1.709%) Financial Institution
Job Titles
1 79 (67.52%) Developer
2 38 (32.48%) C# Developer
3 28 (23.93%) Analyst
4 23 (19.66%) Support Analyst
5 19 (16.24%) Java Developer
6 11 (9.402%) Senior Developer
7 10 (8.547%) C++ Developer
8 5 (4.274%) Senior C# Developer
9 4 (3.419%) C# Programmer
9 4 (3.419%) Senior Programmer
9 4 (3.419%) Programmer
9 4 (3.419%) Applications Support
10 3 (2.564%) Test Analyst
10 3 (2.564%) Applications Support Analyst
10 3 (2.564%) Senior C++ Developer
10 3 (2.564%) Scala Developer
11 2 (1.709%) Test Automation Analyst
11 2 (1.709%) Automation Analyst
11 2 (1.709%) WPF Developer
11 2 (1.709%) IT Project Manager
Miscellaneous
1 87 (74.36%) Foreign Exchange (FX)
2 23 (19.66%) Equities
3 21 (17.95%) Fixed Income
4 13 (11.11%) Computer Science
5 10 (8.547%) Derivative
6 3 (2.564%) Equity Derivative
7 2 (1.709%) Open Source
7 2 (1.709%) Contract for Difference
7 2 (1.709%) Spread Betting
7 2 (1.709%) PMI
8 1 (0.855%) Economics
8 1 (0.855%) Field-Programmable Gate Array
Operating Systems
1 37 (31.62%) UNIX
2 27 (23.08%) Windows
3 15 (12.82%) Linux
4 11 (9.402%) Windows Server 2003
4 11 (9.402%) Windows 2000
4 11 (9.402%) Windows NT
5 4 (3.419%) Solaris
Processes & Methodologies
1 73 (62.39%) Multithreading
2 39 (33.33%) Electronic Trading
3 18 (15.38%) Agile Software Development
4 15 (12.82%) TDD
5 10 (8.547%) E-Commerce
5 10 (8.547%) Release Management
6 8 (6.838%) User Acceptance Testing
6 8 (6.838%) Unit Testing
6 8 (6.838%) Project Planning
6 8 (6.838%) Root Cause Analysis
7 6 (5.128%) Risk Management
8 4 (3.419%) UML
8 4 (3.419%) OO
9 3 (2.564%) PRINCE2
9 3 (2.564%) Automated Testing
9 3 (2.564%) Dependency Injection
10 2 (1.709%) Build Automation
10 2 (1.709%) Analytics
10 2 (1.709%) Memory Management
10 2 (1.709%) Test Automation
Programming Languages
1 62 (52.99%) C#
2 48 (41.03%) Java
3 29 (24.79%) SQL
3 29 (24.79%) C++
4 5 (4.274%) Perl
4 5 (4.274%) Python
5 3 (2.564%) Scala
6 2 (1.709%) Clojure
6 2 (1.709%) Jython
6 2 (1.709%) VB
6 2 (1.709%) VBA
7 1 (0.855%) JavaScript
Qualifications
1 15 (12.82%) Degree
2 3 (2.564%) ISEB
3 2 (1.709%) PMI Certification
4 1 (0.855%) PRINCE2 Certification
Quality Assurance & Compliance
1 7 (5.983%) QA
Vendors
1 50 (42.74%) Oracle
2 13 (11.11%) Bloomberg
3 12 (10.26%) Reuters
3 12 (10.26%) TIBCO
4 9 (7.692%) ION Trading
5 5 (4.274%) 29West
6 2 (1.709%) DataSynapse
6 2 (1.709%) OpenLink
7 1 (0.855%) Microsoft
7 1 (0.855%) Fidessa
7 1 (0.855%) Google
7 1 (0.855%) StreamBase
City, London
A leading investment bank is currently looking to hire a lead Java developer to join the FX Algo trading desk. The successful candidate will join a team of...
iKas International
Rate: £80000 - £100000 per annum
Posted: 17 May 2013
City of London
Location: London Key tech: Java, low latency, multi-threading, high frequency, algorithmic development, 29 west, SQL, agile, TDD. Leading Investment Bank requires a strong Java Developer with excellent...
Huxley Associates
Rate: £600 - £700 per day
Posted: 15 May 2013
London
Proven real time pricing, risk management and real time algo trading experience. *Recent examples of Front office java and C# skills within a global baking arena is essential...
Rate: £600 - £675 per day
Posted: 11 May 2013
London
Skills: C# Developer, FX, Algo-trading... My client is looking for two C# Developers with strong experience in the FX Algo business... Key Skills: Strong C# development skills...
ComputAppoint
Posted: 20 May 2013
London
Front Office Algo Trading DeveloperOur client are searching for a proven Front Office Algo Trading Developer to work within a critical team responsible for developing FXe-Trading Forwards/...
Rate: £600 - £675 per day
Posted: 11 May 2013
London
JAVA, CORE JAVA, J2SE, MULTITHREADING, LOW LATENCY, THREADS, LOCKS, QUEUES, GARBAGE COLLECTION, TUNING, GC TUNING, PERFORMANCE TUNING, PERFORMANCE OPTIMISATION, HIGH FREQUENCY, ALGORITHMIC TRADING, FX, EQUITIES, FRONT OFFICE, INVESTMENT...
Aston Carter
Rate: £500 - £650 per day + EXCELLENT DAILY BASED ON EXPERIENCE
Posted: 16 May 2013
London
A major investment bank is seeking a QA analyst to take ownership of a stream of initiatives within their global Equities Flow and Algo trading business... You will...
Hatstand Limited
Rate: £400 - £500 per day
Posted: 16 May 2013