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 16 April 2014 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
16 Apr 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 563 483 444
Rank change year-on-year
-80 -39
Contract jobs citing Algorithmic Trading 40 69 148
As % of all contract IT jobs located in the UK 0.070% 0.14% 0.24%
As % of the Processes & Methodologies category 0.095% 0.20% 0.35%
Number of daily rates quoted 35 54 116
Average daily rate £625 £540 £600
Average daily rate % change year-on-year
+15.74% -10.00%
90% offered a daily rate of more than £500 £500 £552
10% offered a daily rate of more than £738 £700 £700
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Processes & Methodologies Category
UK
Contract IT job ads with a match in the
Processes & Methodologies category
42143 35232 42089
As % of all contract IT jobs located in the UK 73.32% 72.51% 69.45%
Number of daily rates quoted 26130 21023 24016
Average daily rate £400 £405 £410
Average daily rate % change year-on-year
-1.23% -1.21%
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £555 £575 £595
UK excluding London average daily rate £375 £361 £370
% change year-on-year
+4.02% -2.56%
Number of hourly rates quoted 1183 1087 1432
Average hourly rate £28.00 £32.00 £27.50
Average hourly rate % change year-on-year
-12.50% +16.36%
90% offered a hourly rate of more than £12.37 £13.50 £13.00
10% offered a hourly rate of more than £52.50 £53.20 £45.00
UK excluding London average hourly rate £30.00 £32.00 £27.00
% change year-on-year
-6.25% +18.51%

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 16 April 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 9 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 16 April 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
(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
Find
Job
Vacancies
London -66 40 £625 +15.74% 44
England -66 40 £625 +15.74% 44
City of London -9 12 £663 +1.92% 19
Docklands, London - - - -
South West - - - -
West Midlands - - - -
Gloucestershire - - - -
Berkeley - - - -
Birmingham - - - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 16 April 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 69 (63.30%) Front Office
2 66 (60.55%) Java
3 58 (53.21%) Equities
4 51 (46.79%) Low Latency
5 42 (38.53%) Multithreading
6 39 (35.78%) Foreign Exchange (FX)
7 38 (34.86%) Banking
8 32 (29.36%) Finance
9 31 (28.44%) Investment Banking
10 28 (25.69%) C++
11 24 (22.02%) SQL
11 24 (22.02%) C#
12 22 (20.18%) Electronic Trading
13 21 (19.27%) FIX Protocol
14 20 (18.35%) UNIX
14 20 (18.35%) Risk Management
14 20 (18.35%) Middleware
15 19 (17.43%) Oracle
16 16 (14.68%) Degree
17 15 (13.76%) KDB
17 15 (13.76%) TDD
17 15 (13.76%) OO
18 14 (12.84%) Fixed Income
18 14 (12.84%) Software Engineering
19 13 (11.93%) Computer Science
19 13 (11.93%) Linux
19 13 (11.93%) Eclipse
20 12 (11.01%) Bloomberg
21 11 (10.09%) .NET
21 11 (10.09%) ION Trading

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 16 April 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 8 (7.34%) Oracle Coherence
2 3 (2.75%) TIBCO EMS
Applications
1 1 (0.92%) MS Office
Business Applications
1 7 (6.42%) RMDS
Communications & Networking
1 2 (1.83%) HTTP
2 1 (0.92%) TCP/IP
Database & Business Intelligence
1 15 (13.76%) KDB
2 2 (1.83%) Relational Database
3 1 (0.92%) SQL Server
3 1 (0.92%) Big Data
Development Applications
1 13 (11.93%) Eclipse
2 8 (7.34%) Maven
3 7 (6.42%) Subversion
4 4 (3.67%) Ant
5 3 (2.75%) Visual Studio
5 3 (2.75%) SpecFlow
General
1 69 (63.30%) Front Office
2 38 (34.86%) Banking
3 32 (29.36%) Finance
4 31 (28.44%) Investment Banking
5 5 (4.59%) Back Office
5 5 (4.59%) Retail
6 1 (0.92%) Financial Institution
6 1 (0.92%) Legal
Job Titles
1 59 (54.13%) Developer
2 29 (26.61%) Java Developer
3 20 (18.35%) Analyst
4 11 (10.09%) Business Analyst
4 11 (10.09%) Senior Developer
5 8 (7.34%) Development Manager
6 7 (6.42%) C# Developer
7 6 (5.50%) C++ Developer
7 6 (5.50%) Fidessa Analyst
7 6 (5.50%) Support Analyst
8 4 (3.67%) Senior C++ Developer
8 4 (3.67%) Fidessa Business Analyst
8 4 (3.67%) Senior Analyst
9 3 (2.75%) Project Manager
9 3 (2.75%) Senior Business Analyst
9 3 (2.75%) Investment Banking Business Analyst
9 3 (2.75%) Python Developer
9 3 (2.75%) C# .NET Developer
10 2 (1.83%) Business Manager
10 2 (1.83%) Business Project Manager
Libraries, Frameworks & Software Standards
1 21 (19.27%) FIX Protocol
2 20 (18.35%) Middleware
3 11 (10.09%) .NET
4 7 (6.42%) J2SE
4 7 (6.42%) WCF
5 6 (5.50%) RabbitMQ
5 6 (5.50%) JMX
6 4 (3.67%) LINQ
6 4 (3.67%) JMS
7 3 (2.75%) XML
8 2 (1.83%) WPF
8 2 (1.83%) Swing
8 2 (1.83%) Rendezvous
9 1 (0.92%) WinForms
9 1 (0.92%) ASP.NET
9 1 (0.92%) Web Services
9 1 (0.92%) Hibernate
9 1 (0.92%) Spring
9 1 (0.92%) Reactive Extensions
Miscellaneous
1 58 (53.21%) Equities
2 39 (35.78%) Foreign Exchange (FX)
3 14 (12.84%) Fixed Income
4 13 (11.93%) Computer Science
5 11 (10.09%) Credit Derivative
6 5 (4.59%) Derivative
6 5 (4.59%) VWAP
6 5 (4.59%) TWAP
7 4 (3.67%) Hedge funds
8 3 (2.75%) Visualisation
8 3 (2.75%) Open Source
9 1 (0.92%) Mathematics
9 1 (0.92%) Physics
9 1 (0.92%) Equity Derivative
9 1 (0.92%) Credit Risk
9 1 (0.92%) Tandem
9 1 (0.92%) Enterprise Software
Operating Systems
1 20 (18.35%) UNIX
2 13 (11.93%) Linux
3 5 (4.59%) Solaris
4 4 (3.67%) Windows
Processes & Methodologies
1 51 (46.79%) Low Latency
2 42 (38.53%) Multithreading
3 22 (20.18%) Electronic Trading
4 20 (18.35%) Risk Management
5 15 (13.76%) TDD
5 15 (13.76%) OO
6 14 (12.84%) Software Engineering
7 9 (8.26%) Analytics
8 8 (7.34%) UML
9 7 (6.42%) E-Commerce
10 6 (5.50%) Performance Tuning
11 5 (4.59%) Business Analysis
11 5 (4.59%) Migration
11 5 (4.59%) Agile Software Development
12 4 (3.67%) Straight-Through Processing
12 4 (3.67%) Change Management
12 4 (3.67%) Project Management
13 3 (2.75%) ITIL
13 3 (2.75%) Web Development
13 3 (2.75%) User Acceptance Testing
Programming Languages
1 66 (60.55%) Java
2 28 (25.69%) C++
3 24 (22.02%) SQL
3 24 (22.02%) C#
4 11 (10.09%) Scala
5 6 (5.50%) Perl
6 4 (3.67%) Bash Shell
6 4 (3.67%) Python
6 4 (3.67%) Shell Script
7 2 (1.83%) C
8 1 (0.92%) AWK
8 1 (0.92%) VB
8 1 (0.92%) VBA
8 1 (0.92%) C-shell
Qualifications
1 16 (14.68%) Degree
Quality Assurance & Compliance
1 3 (2.75%) QA
Vendors
1 19 (17.43%) Oracle
2 12 (11.01%) Bloomberg
3 11 (10.09%) ION Trading
3 11 (10.09%) Tradeweb
4 8 (7.34%) Fidessa
4 8 (7.34%) TIBCO
5 7 (6.42%) 29West
6 6 (5.50%) Sybase
7 3 (2.75%) Microsoft
8 2 (1.83%) Reuters
London
McGregor Boyall
Rate: £650 - £750 per annum
Posted: 4 hours ago
City of London
Huxley Associates
Rate: £600 - £650 per day
Posted: 11 hours ago
London
Oliver Bernard
Rate: From £55,000 to £60,000 per annum
Posted: 6 days ago
London
Interquest - ITQ Financial - Tunbridge Wells
Rate: £520 - £580 per annum
Posted: 12 days ago
City of London
Huxley Associates
Rate: £600 - £700 per day
Posted: 16 days ago