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 27 May 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
27 May 2016
Same period 2015 Same period 2014
Algo Trading
Rank 581 522 560
Rank change year-on-year
-59 +38
Contract jobs citing Algorithmic Trading 75 105 55
As % of all contract IT jobs located in the UK 0.14% 0.19% 0.10%
As % of the Processes & Methodologies category 0.17% 0.24% 0.13%
Number of daily rates quoted 64 75 48
Median daily rate £700 £625 £638
Median daily rate % change year-on-year
+12.00% -1.96%
90% offered a daily rate of more than £463 £500 £500
10% offered a daily rate of more than £725 £750 £738
UK excluding London median daily rate - £650 -
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
44690 43131 40985
As % of all contract IT jobs located in the UK 81.93% 79.27% 77.71%
Number of daily rates quoted 29627 27316 25903
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 £300 £280 £275
10% offered a daily rate of more than £600 £575 £550
UK excluding London median daily rate £400 £385 £375
% change year-on-year
+3.89% +2.66%
Number of hourly rates quoted 1042 1233 1208
Median hourly rate £28.50 £29.00 £27.50
Median hourly rate % change year-on-year
-1.72% +5.45%
90% offered a hourly rate of more than £12.75 £12.35 £12.50
10% offered a hourly rate of more than £47.50 £47.71 £47.50
UK excluding London median hourly rate £33.00 £30.00 £30.00
% change year-on-year
+10.00% -

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 27 May 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 27 May 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
London -36 75 £700 +12.00% 27
England -52 75 £700 +12.00% 28
City of London +36 22 £700 +27.27% 8

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 27 May 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.

1 119 (67.23%) Front Office
2 106 (59.89%) Foreign Exchange (FX)
2 106 (59.89%) Low Latency
3 78 (44.07%) Multithreading
4 77 (43.50%) Market Making
4 77 (43.50%) Banking
5 75 (42.37%) C++
6 57 (32.20%) Java
7 50 (28.25%) FIX Protocol
8 49 (27.68%) Investment Banking
9 48 (27.12%) Electronic Trading
9 48 (27.12%) Analytical Skills
10 44 (24.86%) C#
11 43 (24.29%) Linux
11 43 (24.29%) Finance
12 42 (23.73%) Unix
13 41 (23.16%) Equities
14 39 (22.03%) Risk Management
15 37 (20.90%) KDB
16 34 (19.21%) WPF
17 33 (18.64%) Analytics
17 33 (18.64%) Agile Software Development
18 32 (18.08%) WinForms
19 31 (17.51%) Performance Optimisation
20 27 (15.25%) Algorithms
20 27 (15.25%) SQL
21 26 (14.69%) PhD
22 24 (13.56%) SQL Server
23 23 (12.99%) FX Algorithmic Trading
24 22 (12.43%) Degree

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 3 (1.69%) Confluence
2 2 (1.13%) Apache
2 2 (1.13%) Apache Spark
2 2 (1.13%) Oracle Coherence
3 1 (0.56%) SharePoint
Applications
1 4 (2.26%) MS Excel
Business Applications
1 9 (5.08%) Summit
2 1 (0.56%) ION MarketView
2 1 (0.56%) Oracle Procure-to-Pay
2 1 (0.56%) RMDS
Communications & Networking
1 11 (6.21%) TCP/IP
2 3 (1.69%) Firewall
3 1 (0.56%) BGP
3 1 (0.56%) HTTP
3 1 (0.56%) LAN
3 1 (0.56%) Multicast
3 1 (0.56%) SNMP
Database & Business Intelligence
1 37 (20.90%) KDB
2 24 (13.56%) SQL Server
3 4 (2.26%) SQL Server 2014
4 3 (1.69%) DTS
4 3 (1.69%) Relational Database
4 3 (1.69%) SQL Server 2000
4 3 (1.69%) SQL Server 2005
4 3 (1.69%) SQL Server 2008
4 3 (1.69%) SQL Server 2012
4 3 (1.69%) SQL Server Integration Services
5 2 (1.13%) Big Data
5 2 (1.13%) DB2
6 1 (0.56%) Data Mining
6 1 (0.56%) Data Warehouse
6 1 (0.56%) Tick Data
Development Applications
1 12 (6.78%) GDB
2 10 (5.65%) HP UFT
2 10 (5.65%) Selenium
3 4 (2.26%) Subversion
4 3 (1.69%) JIRA
5 2 (1.13%) Ant
5 2 (1.13%) Git (software)
5 2 (1.13%) Jasmine
5 2 (1.13%) Jenkins
5 2 (1.13%) JSUnit
5 2 (1.13%) Mocha
5 2 (1.13%) Moq
5 2 (1.13%) NUnit
5 2 (1.13%) QUnit
5 2 (1.13%) Rhino Mocks
5 2 (1.13%) Sinon.JS
5 2 (1.13%) TeamCity
5 2 (1.13%) Visual Studio
6 1 (0.56%) Eclipse
6 1 (0.56%) Oracle APEX
General
1 119 (67.23%) Front Office
2 77 (43.50%) Banking
3 49 (27.68%) Investment Banking
4 43 (24.29%) Finance
5 10 (5.65%) Back Office
Job Titles
1 115 (64.97%) Developer
2 38 (21.47%) Analyst
3 35 (19.77%) C# Developer
3 35 (19.77%) Java Developer
4 33 (18.64%) C++ Developer
5 21 (11.86%) Banking Analyst
6 18 (10.17%) Business Analyst
7 14 (7.91%) Support Analyst
8 13 (7.34%) FX Support Analyst
9 12 (6.78%) Unix Analyst
10 11 (6.21%) QA Tester
10 11 (6.21%) Tester
10 11 (6.21%) Unix Support
10 11 (6.21%) Unix Support Analyst
11 10 (5.65%) Lead Tester
11 10 (5.65%) QA Leader
11 10 (5.65%) Senior QA Tester
11 10 (5.65%) Senior Tester
12 9 (5.08%) Investment Banking Business Analyst
12 9 (5.08%) Report Analyst
Libraries, Frameworks & Software Standards
1 50 (28.25%) FIX Protocol
2 34 (19.21%) WPF
3 32 (18.08%) WinForms
4 20 (11.30%) .NET
5 10 (5.65%) MSMQ
6 7 (3.95%) STL
7 6 (3.39%) Middleware
8 5 (2.82%) Boost C++ Libraries
9 4 (2.26%) HTML
9 4 (2.26%) XML
10 3 (1.69%) HTML5
11 2 (1.13%) ASP.NET MVC
11 2 (1.13%) ASP.NET MVC 4
11 2 (1.13%) CSS3
11 2 (1.13%) Entity Framework
11 2 (1.13%) KnockoutJS
11 2 (1.13%) LESS
11 2 (1.13%) Ninject
11 2 (1.13%) Sass
11 2 (1.13%) Ultra Messaging
Miscellaneous
1 106 (59.89%) Foreign Exchange (FX)
2 48 (27.12%) Analytical Skills
3 41 (23.16%) Equities
4 27 (15.25%) Algorithms
5 19 (10.73%) Data Structures
6 18 (10.17%) Fixed Income
7 16 (9.04%) Fintech
8 13 (7.34%) Hedge funds
9 9 (5.08%) Market Risk
10 6 (3.39%) Computer Science
10 6 (3.39%) N-Tier
11 5 (2.82%) Derivative
12 4 (2.26%) Clustering
12 4 (2.26%) Equity Derivative
13 3 (1.69%) Credit Risk
13 3 (1.69%) Replication
14 2 (1.13%) Visualisation
15 1 (0.56%) Mathematics
15 1 (0.56%) Reference Data
15 1 (0.56%) User Experience
Operating Systems
1 43 (24.29%) Linux
2 42 (23.73%) Unix
3 9 (5.08%) Windows
4 3 (1.69%) Windows Server
4 3 (1.69%) Windows Server 2008
4 3 (1.69%) Windows Server 2012
5 1 (0.56%) AIX
5 1 (0.56%) Oracle Linux
5 1 (0.56%) Red Hat Enterprise Linux
5 1 (0.56%) Solaris
Processes & Methodologies
1 106 (59.89%) Low Latency
2 78 (44.07%) Multithreading
3 77 (43.50%) Market Making
4 48 (27.12%) Electronic Trading
5 39 (22.03%) Risk Management
6 33 (18.64%) Agile Software Development
6 33 (18.64%) Analytics
7 31 (17.51%) Performance Optimisation
8 23 (12.99%) FX Algorithmic Trading
9 18 (10.17%) Data Management
10 15 (8.47%) Ultra-Low Latency
11 13 (7.34%) Migration
11 13 (7.34%) OO
12 12 (6.78%) Automated Testing
12 12 (6.78%) DevOps
12 12 (6.78%) ITIL
12 12 (6.78%) Test Automation
13 11 (6.21%) PRINCE2
14 10 (5.65%) Data Migration
14 10 (5.65%) OOD
Programming Languages
1 75 (42.37%) C++
2 57 (32.20%) Java
3 44 (24.86%) C#
4 27 (15.25%) SQL
5 21 (11.86%) Perl
5 21 (11.86%) Python
6 13 (7.34%) Shell Script
7 7 (3.95%) PowerShell
8 5 (2.82%) Scala
9 3 (1.69%) Bash Shell
9 3 (1.69%) T-SQL
9 3 (1.69%) VBScript
10 2 (1.13%) C
10 2 (1.13%) JavaScript
11 1 (0.56%) PHP
11 1 (0.56%) Ruby
Qualifications
1 26 (14.69%) PhD
2 22 (12.43%) Degree
3 10 (5.65%) ISEB
3 10 (5.65%) ISTQB
4 1 (0.56%) PMI Certification
4 1 (0.56%) PMP
Quality Assurance & Compliance
1 14 (7.91%) MiFID
2 13 (7.34%) QA
3 9 (5.08%) AIFMD
3 9 (5.08%) EMIR
4 1 (0.56%) Data Quality
System Software
1 3 (1.69%) Hyper-V
2 1 (0.56%) Veritas Cluster Server
2 1 (0.56%) VMware Infrastructure
Systems Management
1 12 (6.78%) ITRS Geneos
2 2 (1.13%) Tivoli
3 1 (0.56%) Thomson Reuters DACS
Vendors
1 18 (10.17%) Sybase
2 13 (7.34%) Splunk
3 11 (6.21%) Oracle
4 9 (5.08%) Calypso
4 9 (5.08%) Murex
5 7 (3.95%) Fidessa
6 6 (3.39%) Solace
7 4 (2.26%) TIBCO
8 3 (1.69%) Microsoft
9 2 (1.13%) BT
9 2 (1.13%) Radianz
10 1 (0.56%) Cisco
10 1 (0.56%) HP
10 1 (0.56%) ION Trading
10 1 (0.56%) Red Hat
10 1 (0.56%) Reuters
10 1 (0.56%) Veritas
10 1 (0.56%) VMware
London
McGregor Boyall
Rate: £450 - £700 per day
Posted: 2 days ago
London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 2 days ago