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 25 November 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
25 Nov 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 478 504 491
Rank change year-on-year
+26 -13
Contract jobs citing Algorithmic Trading 123 73 78
As % of all contract IT jobs located in the UK 0.22% 0.14% 0.15%
As % of the Processes & Methodologies category 0.29% 0.19% 0.21%
Number of daily rates quoted 106 61 63
Average daily rate
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£650 £550 £538
Average daily rate % change year-on-year
+18.18% +2.32%
90% offered a daily rate of more than £550 £400 £325
10% offered a daily rate of more than £700 £700 £675
UK excluding London average daily rate - - -
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
41912 38210 37430
As % of all contract IT jobs located in the UK 73.63% 73.73% 71.49%
Number of daily rates quoted 27230 23695 21813
Average daily rate £420 £400 £400
Average daily rate % change year-on-year
+5.00% -
90% offered a daily rate of more than £275 £273 £270
10% offered a daily rate of more than £593 £575 £575
UK excluding London average daily rate £385 £363 £370
% change year-on-year
+6.20% -2.02%
Number of hourly rates quoted 1178 1152 1466
Average hourly rate £24.50 £26.50 £29.00
Average hourly rate % change year-on-year
-7.54% -8.62%
90% offered a hourly rate of more than £12.00 £12.50 £12.50
10% offered a hourly rate of more than £48.50 £45.00 £46.00
UK excluding London average hourly rate £25.00 £29.40 £29.00
% change year-on-year
-14.96% +1.37%

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 25 November 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 11 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 25 November 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 +51 123 £650 +18.18% 15
England +7 123 £650 +18.18% 16
City of London +40 36 £650 +18.18% 7
Docklands, London - 2 £555 -
West Midlands - - - -
Scotland - - - -
East of England - - - - 1
Cambridgeshire - - - - 1
Birmingham - - - -
Cambridge - - - - 1
Edinburgh - - - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 25 November 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.

1 181 (77.68%) Low Latency
2 180 (77.25%) Multithreading
3 171 (73.39%) Foreign Exchange (FX)
4 165 (70.82%) Java
5 133 (57.08%) Front Office
6 91 (39.06%) Banking
7 62 (26.61%) Analytical Skills
8 58 (24.89%) Finance
8 58 (24.89%) C#
9 54 (23.18%) SQL
10 49 (21.03%) Linux
11 44 (18.88%) FIX Protocol
12 41 (17.60%) Investment Banking
12 41 (17.60%) C++
12 41 (17.60%) Performance Tuning
13 37 (15.88%) KDB
13 37 (15.88%) Agile Software Development
14 35 (15.02%) UNIX
15 34 (14.59%) Equities
16 30 (12.88%) VWAP
16 30 (12.88%) TWAP
17 29 (12.45%) Degree
18 27 (11.59%) Middleware
18 27 (11.59%) Algorithms
19 26 (11.16%) Electronic Trading
20 24 (10.30%) Relational Database
21 23 (9.87%) Computer Science
22 22 (9.44%) Oracle
23 18 (7.73%) Risk Management
24 17 (7.30%) Mathematics

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 25 November 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 12 (5.15%) Oracle Coherence
2 5 (2.15%) TIBCO EMS
Applications
1 2 (0.86%) MS Office
Business Applications
1 2 (0.86%) RMDS
Communications & Networking
1 9 (3.86%) TCP/IP
2 8 (3.43%) Multicast
3 3 (1.29%) Firewall
4 1 (0.43%) BGP
4 1 (0.43%) DNS
Database & Business Intelligence
1 37 (15.88%) KDB
2 24 (10.30%) Relational Database
3 5 (2.15%) SQL Server
4 2 (0.86%) Big Data
4 2 (0.86%) SQL Server 2012
Development Applications
1 2 (0.86%) Visual Studio
1 2 (0.86%) Eclipse
1 2 (0.86%) Visual Studio Tools for Office
2 1 (0.43%) JUnit
General
1 133 (57.08%) Front Office
2 91 (39.06%) Banking
3 58 (24.89%) Finance
4 41 (17.60%) Investment Banking
5 6 (2.58%) Financial Institution
6 2 (0.86%) Back Office
7 1 (0.43%) Law
7 1 (0.43%) Games
Job Titles
1 170 (72.96%) Developer
2 103 (44.21%) Java Developer
3 34 (14.59%) C# Developer
4 16 (6.87%) C++ Developer
5 15 (6.44%) Senior Developer
6 13 (5.58%) Senior Java Developer
7 11 (4.72%) Analyst
7 11 (4.72%) WPF Developer
8 7 (3.00%) Lead Developer
8 7 (3.00%) Business Analyst
9 6 (2.58%) Quantitative Developer
10 5 (2.15%) UNIX Engineer
10 5 (2.15%) Lead Java Developer
11 4 (1.72%) Support Analyst
12 3 (1.29%) Python Developer
12 3 (1.29%) Banking Business Analyst
12 3 (1.29%) Infrastructure Engineer
13 2 (0.86%) IT Business Analyst
13 2 (0.86%) .NET Developer
13 2 (0.86%) Linux Engineer
Libraries, Frameworks & Software Standards
1 44 (18.88%) FIX Protocol
2 27 (11.59%) Middleware
3 16 (6.87%) WPF
4 11 (4.72%) STL
5 10 (4.29%) Boost C++ Libraries
5 10 (4.29%) Spring
5 10 (4.29%) Rendezvous
5 10 (4.29%) .NET
6 9 (3.86%) JMS
7 6 (2.58%) WinForms
7 6 (2.58%) LINQ
8 3 (1.29%) HTML5
8 3 (1.29%) Reactive Extensions
8 3 (1.29%) HTML
9 2 (0.86%) .NET Framework
9 2 (0.86%) Java SE
9 2 (0.86%) Silverlight
9 2 (0.86%) Task Parallel Library
9 2 (0.86%) ADO.NET Entity Framework
9 2 (0.86%) ASP.NET Web API
Miscellaneous
1 171 (73.39%) Foreign Exchange (FX)
2 62 (26.61%) Analytical Skills
3 34 (14.59%) Equities
4 30 (12.88%) VWAP
4 30 (12.88%) TWAP
5 27 (11.59%) Algorithms
6 23 (9.87%) Computer Science
7 17 (7.30%) Mathematics
8 13 (5.58%) Data Structures
9 11 (4.72%) Derivative
10 7 (3.00%) Fixed Income
11 6 (2.58%) Visualisation
12 4 (1.72%) Management Information System
12 4 (1.72%) Clustering
12 4 (1.72%) Physics
13 3 (1.29%) Hedge funds
13 3 (1.29%) Credit Derivative
14 2 (0.86%) Equity Derivative
14 2 (0.86%) Statistics
14 2 (0.86%) Statistical Arbitrage
Operating Systems
1 49 (21.03%) Linux
2 35 (15.02%) UNIX
3 14 (6.01%) Windows
4 8 (3.43%) Red Hat Enterprise Linux
5 5 (2.15%) Solaris
6 4 (1.72%) AIX
6 4 (1.72%) SUSE
6 4 (1.72%) Oracle Linux
6 4 (1.72%) SUSE Linux Enterprise Server
7 1 (0.43%) CentOS
Processes & Methodologies
1 181 (77.68%) Low Latency
2 180 (77.25%) Multithreading
3 41 (17.60%) Performance Tuning
4 37 (15.88%) Agile Software Development
5 26 (11.16%) Electronic Trading
6 18 (7.73%) Risk Management
7 12 (5.15%) E-Commerce
8 11 (4.72%) Market Making
9 10 (4.29%) OO
10 8 (3.43%) Software Engineering
11 6 (2.58%) Operations Research
11 6 (2.58%) Ultra-Low Latency
12 5 (2.15%) Financial Modelling
12 5 (2.15%) Business Development
12 5 (2.15%) Business Analysis
12 5 (2.15%) Project Management
13 4 (1.72%) ITIL
13 4 (1.72%) Configuration Management
13 4 (1.72%) ITSM
13 4 (1.72%) Service Management
Programming Languages
1 165 (70.82%) Java
2 58 (24.89%) C#
3 54 (23.18%) SQL
4 41 (17.60%) C++
5 14 (6.01%) Perl
6 11 (4.72%) Python
7 4 (1.72%) Ruby
8 3 (1.29%) C-shell
8 3 (1.29%) Shell Script
8 3 (1.29%) C
9 2 (0.86%) T-SQL
9 2 (0.86%) AWK
10 1 (0.43%) PowerShell
10 1 (0.43%) Bash Shell
10 1 (0.43%) Korn
10 1 (0.43%) XAML
10 1 (0.43%) VB
Qualifications
1 29 (12.45%) Degree
2 5 (2.15%) PhD
Quality Assurance & Compliance
1 2 (0.86%) MiFID
1 2 (0.86%) EMIR
1 2 (0.86%) Dodd-Frank
System Software
1 4 (1.72%) Veritas Cluster Server
2 2 (0.86%) Firmware
Systems Management
1 4 (1.72%) HP Operations Orchestration
1 4 (1.72%) Puppet
1 4 (1.72%) Opscode Chef
2 1 (0.43%) CFEngine
Vendors
1 22 (9.44%) Oracle
2 11 (4.72%) 29West
3 9 (3.86%) Informatica
4 7 (3.00%) TIBCO
5 5 (2.15%) Veritas
5 5 (2.15%) Red Hat
5 5 (2.15%) Sybase
6 4 (1.72%) IBM
6 4 (1.72%) HP
6 4 (1.72%) EMC
6 4 (1.72%) Infragistics
6 4 (1.72%) StreamBase
7 3 (1.29%) Bloomberg
8 2 (0.86%) Microsoft
8 2 (0.86%) Cisco
8 2 (0.86%) Perforce
9 1 (0.43%) Intel
9 1 (0.43%) Radianz