The table below looks at the statistics for Algorithmic Trading skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 1 July 2016 with a comparison to the same period over 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.

3 months to
1 Jul 2016
Same period 2015 Same period 2014
Algo Trading
Rank 577 532 562
Rank change year-on-year
-45 +30
Contract jobs citing Algorithmic Trading 61 111 74
As % of all contract IT jobs located in the UK 0.11% 0.20% 0.14%
As % of the Processes & Methodologies category 0.14% 0.25% 0.18%
Number of daily rates quoted 54 90 65
Median daily rate £650 £650 £650
90% offered a daily rate of more than £600 £500 £400
10% offered a daily rate of more than £700 £750 £700
UK excluding London median daily rate - £450 £375
% change year-on-year
- +20.00%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
44001 44737 42259
As % of all contract IT jobs located in the UK 82.29% 79.69% 78.40%
Number of daily rates quoted 29186 28814 26448
Median daily rate £438 £413 £400
Median daily rate % change year-on-year
+6.06% +3.12%
90% offered a daily rate of more than £295 £285 £275
10% offered a daily rate of more than £600 £575 £568
UK excluding London median daily rate £400 £385 £375
% change year-on-year
+3.89% +2.66%
Number of hourly rates quoted 1047 1191 1229
Median hourly rate £28.00 £29.00 £27.50
Median hourly rate % change year-on-year
-3.44% +5.45%
90% offered a hourly rate of more than £13.00 £12.36 £13.00
10% offered a hourly rate of more than £47.83 £50.00 £47.50
UK excluding London median hourly rate £28.50 £30.00 £30.00
% change year-on-year
-5.00% -

Algorithmic Trading
Jobs Demand Trend

The demand trend of contract jobs citing Algorithmic Trading as a proportion of all IT contracts with a match in 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 1 July 2016.

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 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Algorithmic Trading within the UK over the 3 months to 1 July 2016. 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 see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England -42 61 £650 -3.70% 32
London -54 61 £650 -3.70% 31
City of London +12 14 £700 -3.44% 6

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 1 July 2016, IT contractor jobs citing Algorithmic Trading also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Algorithmic Trading.

1 108 (65.85%) Front Office
2 107 (65.24%) Low Latency
3 98 (59.76%) Foreign Exchange (FX)
4 80 (48.78%) Multithreading
5 73 (44.51%) Market Making
6 72 (43.90%) C++
7 61 (37.20%) Banking
8 57 (34.76%) FIX Protocol
9 54 (32.93%) Electronic Trading
10 52 (31.71%) C#
11 49 (29.88%) Analytical Skills
12 46 (28.05%) Java
13 45 (27.44%) Risk Management
14 41 (25.00%) Unix
15 40 (24.39%) WPF
16 39 (23.78%) Investment Banking
16 39 (23.78%) Linux
17 38 (23.17%) WinForms
18 36 (21.95%) Finance
18 36 (21.95%) Performance Optimisation
19 33 (20.12%) Equities
20 32 (19.51%) Agile Software Development
21 31 (18.90%) KDB
22 29 (17.68%) Analytics
23 27 (16.46%) SQL
24 25 (15.24%) SQL Server
25 22 (13.41%) Algorithms
26 21 (12.80%) Degree
27 20 (12.20%) PhD
28 19 (11.59%) Python

Algorithmic Trading
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 5 (3.05%) Confluence
2 2 (1.22%) Apache
2 2 (1.22%) Apache Spark
3 1 (0.61%) Oracle Coherence
3 1 (0.61%) SharePoint
Applications
1 4 (2.44%) MS Excel
Business Applications
1 7 (4.27%) Summit
2 1 (0.61%) ION MarketView
2 1 (0.61%) Oracle Procure-to-Pay
2 1 (0.61%) RMDS
Communications & Networking
1 9 (5.49%) TCP/IP
2 3 (1.83%) Firewall
3 1 (0.61%) BGP
3 1 (0.61%) HTTP
3 1 (0.61%) LAN
3 1 (0.61%) Multicast
3 1 (0.61%) SNMP
Database & Business Intelligence
1 31 (18.90%) KDB
2 25 (15.24%) SQL Server
3 4 (2.44%) DB2
3 4 (2.44%) SQL Server 2014
4 3 (1.83%) DTS
4 3 (1.83%) Relational Database
4 3 (1.83%) SQL Server 2000
4 3 (1.83%) SQL Server 2005
4 3 (1.83%) SQL Server 2008
4 3 (1.83%) SQL Server 2012
4 3 (1.83%) SQL Server Integration Services
5 2 (1.22%) Big Data
5 2 (1.22%) MongoDB
5 2 (1.22%) NoSQL
6 1 (0.61%) Data Mining
6 1 (0.61%) Data Warehouse
6 1 (0.61%) Tick Data
Development Applications
1 8 (4.88%) GDB
2 7 (4.27%) HP UFT
2 7 (4.27%) Selenium
3 6 (3.66%) Subversion
4 5 (3.05%) JIRA
5 4 (2.44%) Git (software)
5 4 (2.44%) Jasmine
5 4 (2.44%) Jenkins
5 4 (2.44%) JSUnit
5 4 (2.44%) Mocha
5 4 (2.44%) Moq
5 4 (2.44%) NUnit
5 4 (2.44%) QUnit
5 4 (2.44%) Rhino Mocks
5 4 (2.44%) Sinon.JS
5 4 (2.44%) TeamCity
5 4 (2.44%) Visual Studio
6 2 (1.22%) Babel
6 2 (1.22%) Bower
6 2 (1.22%) gulp
General
1 108 (65.85%) Front Office
2 61 (37.20%) Banking
3 39 (23.78%) Investment Banking
4 36 (21.95%) Finance
5 8 (4.88%) Back Office
Job Titles
1 108 (65.85%) Developer
2 42 (25.61%) C# Developer
3 31 (18.90%) C++ Developer
4 29 (17.68%) Analyst
5 26 (15.85%) Java Developer
6 16 (9.76%) Banking Analyst
7 14 (8.54%) Business Analyst
8 12 (7.32%) Support Analyst
9 11 (6.71%) C++/C# Developer
9 11 (6.71%) FX Support Analyst
10 10 (6.10%) Electronic Trading Developer
11 9 (5.49%) Unix Analyst
11 9 (5.49%) Unix Support
11 9 (5.49%) Unix Support Analyst
12 8 (4.88%) QA Tester
12 8 (4.88%) Tester
13 7 (4.27%) DBA
13 7 (4.27%) Report Analyst
13 7 (4.27%) Senior Tester
13 7 (4.27%) SQL DBA
Libraries, Frameworks & Software Standards
1 57 (34.76%) FIX Protocol
2 40 (24.39%) WPF
3 38 (23.17%) WinForms
4 19 (11.59%) .NET
5 10 (6.10%) Middleware
6 7 (4.27%) MSMQ
6 7 (4.27%) STL
7 6 (3.66%) HTML
8 5 (3.05%) Boost C++ Libraries
8 5 (3.05%) HTML5
9 4 (2.44%) .NET Framework
9 4 (2.44%) ADO.NET
9 4 (2.44%) ASP.NET
9 4 (2.44%) ASP.NET MVC
9 4 (2.44%) Entity Framework
9 4 (2.44%) jQuery
9 4 (2.44%) KnockoutJS
9 4 (2.44%) LESS
9 4 (2.44%) NHibernate
9 4 (2.44%) Sass
Miscellaneous
1 98 (59.76%) Foreign Exchange (FX)
2 49 (29.88%) Analytical Skills
3 33 (20.12%) Equities
4 22 (13.41%) Algorithms
5 16 (9.76%) Fixed Income
6 14 (8.54%) Data Structures
7 11 (6.71%) Fintech
7 11 (6.71%) Hedge funds
8 8 (4.88%) N-Tier
9 7 (4.27%) Computer Science
9 7 (4.27%) Market Risk
10 6 (3.66%) Derivative
11 5 (3.05%) Clustering
11 5 (3.05%) Equity Derivative
12 4 (2.44%) Visualisation
13 3 (1.83%) Credit Risk
13 3 (1.83%) Replication
14 2 (1.22%) Inversion of Control
15 1 (0.61%) Reference Data
15 1 (0.61%) User Experience
Operating Systems
1 41 (25.00%) Unix
2 39 (23.78%) Linux
3 9 (5.49%) Windows
4 5 (3.05%) AIX
4 5 (3.05%) Red Hat Enterprise Linux
4 5 (3.05%) Solaris
5 4 (2.44%) SUSE Linux Enterprise Server
6 3 (1.83%) Windows Server
6 3 (1.83%) Windows Server 2008
6 3 (1.83%) Windows Server 2012
7 1 (0.61%) Oracle Linux
7 1 (0.61%) SUSE
Processes & Methodologies
1 107 (65.24%) Low Latency
2 80 (48.78%) Multithreading
3 73 (44.51%) Market Making
4 54 (32.93%) Electronic Trading
5 45 (27.44%) Risk Management
6 36 (21.95%) Performance Optimisation
7 32 (19.51%) Agile Software Development
8 29 (17.68%) Analytics
9 19 (11.59%) FX Algorithmic Trading
10 15 (9.15%) Data Management
11 14 (8.54%) OO
12 11 (6.71%) ITIL
12 11 (6.71%) Ultra-Low Latency
13 10 (6.10%) High Availability
13 10 (6.10%) Migration
13 10 (6.10%) OOD
14 9 (5.49%) Automated Testing
14 9 (5.49%) DevOps
14 9 (5.49%) Test Automation
15 8 (4.88%) PRINCE2
Programming Languages
1 72 (43.90%) C++
2 52 (31.71%) C#
3 46 (28.05%) Java
4 27 (16.46%) SQL
5 19 (11.59%) Perl
5 19 (11.59%) Python
6 13 (7.93%) Shell Script
7 7 (4.27%) PowerShell
8 3 (1.83%) Bash Shell
8 3 (1.83%) JavaScript
8 3 (1.83%) Scala
8 3 (1.83%) T-SQL
8 3 (1.83%) VBScript
9 2 (1.22%) C
9 2 (1.22%) ES6
9 2 (1.22%) Ruby
10 1 (0.61%) PHP
10 1 (0.61%) VBA
Qualifications
1 21 (12.80%) Degree
2 20 (12.20%) PhD
3 7 (4.27%) ISEB
3 7 (4.27%) ISTQB
4 1 (0.61%) PMI Certification
4 1 (0.61%) PMP
Quality Assurance & Compliance
1 10 (6.10%) MiFID
1 10 (6.10%) QA
2 7 (4.27%) AIFMD
2 7 (4.27%) EMIR
3 1 (0.61%) Data Quality
System Software
1 3 (1.83%) Hyper-V
2 2 (1.22%) Veritas Cluster Server
3 1 (0.61%) VMware Infrastructure
Systems Management
1 9 (5.49%) ITRS Geneos
2 3 (1.83%) Failover Clustering
3 2 (1.22%) Tivoli
4 1 (0.61%) Puppet
4 1 (0.61%) Thomson Reuters DACS
Vendors
1 15 (9.15%) Sybase
2 14 (8.54%) Oracle
3 10 (6.10%) Splunk
4 7 (4.27%) Calypso
4 7 (4.27%) Fidessa
4 7 (4.27%) Murex
5 6 (3.66%) Solace
6 4 (2.44%) TIBCO
7 3 (1.83%) Microsoft
8 2 (1.22%) BT
8 2 (1.22%) Infragistics
8 2 (1.22%) Radianz
8 2 (1.22%) Syncfusion
8 2 (1.22%) Veritas
9 1 (0.61%) EMC
9 1 (0.61%) HP
9 1 (0.61%) ION Trading
9 1 (0.61%) Red Hat
9 1 (0.61%) Reuters
9 1 (0.61%) VMware
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