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 29 June 2015 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
29 Jun 2015
Same period 2014 Same period 2013
Algo Trading
Rank 492 522 487
Rank change year-on-year
+30 -35
Contract jobs citing Algorithmic Trading 108 76 85
As % of all contract IT jobs located in the UK 0.19% 0.14% 0.18%
As % of the Processes & Methodologies category 0.25% 0.19% 0.24%
Number of daily rates quoted 87 67 69
Average daily rate
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£650 £650 £575
Average daily rate % change year-on-year
- +13.04%
90% offered a daily rate of more than £500 £400 £500
10% offered a daily rate of more than £750 £700 £675
UK excluding London average daily rate £450 £375 -
% change year-on-year
+20.00% -
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
43419 40910 36111
As % of all contract IT jobs located in the UK 77.42% 75.96% 74.61%
Number of daily rates quoted 28006 25665 21686
Average daily rate £413 £400 £413
Average daily rate % change year-on-year
+3.12% -3.03%
90% offered a daily rate of more than £288 £275 £270
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £388 £375 £365
% change year-on-year
+3.33% +2.73%
Number of hourly rates quoted 1168 1196 1068
Average hourly rate £27.50 £27.50 £30.00
Average hourly rate % change year-on-year
- -8.33%
90% offered a hourly rate of more than £12.36 £13.00 £13.00
10% offered a hourly rate of more than £50.00 £47.50 £47.50
UK excluding London average hourly rate £30.00 £30.00 £30.50
% change year-on-year
- -1.63%

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 29 June 2015.

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 6 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 29 June 2015. 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 +23 104 £675 +3.84% 27
England +5 104 £675 +3.84% 28
City of London +5 32 £725 +16.00% 9
Scotland -11 3 £425 +13.33%
Canary Wharf - 1 £450 -
Edinburgh - 1 £475 -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 29 June 2015, 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.

1 112 (56.57%) Low Latency
2 86 (43.43%) Foreign Exchange (FX)
2 86 (43.43%) Front Office
3 79 (39.90%) Java
4 75 (37.88%) Finance
5 72 (36.36%) Equities
6 71 (35.86%) Multithreading
7 70 (35.35%) FIX Protocol
7 70 (35.35%) Banking
8 65 (32.83%) C++
9 60 (30.30%) Linux
10 49 (24.75%) UNIX
11 45 (22.73%) Investment Banking
12 42 (21.21%) Agile Software Development
13 38 (19.19%) Algorithms
14 37 (18.69%) SQL
15 31 (15.66%) Electronic Trading
16 30 (15.15%) Risk Management
17 26 (13.13%) Python
17 26 (13.13%) Derivative
18 25 (12.63%) C#
18 25 (12.63%) Perl
19 24 (12.12%) KDB
20 23 (11.62%) TDD
20 23 (11.62%) Fixed Income
21 22 (11.11%) OO
22 21 (10.61%) Software Engineering
22 21 (10.61%) FX Algorithmic Trading
23 18 (9.09%) Market Making
23 18 (9.09%) Mathematics

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 29 June 2015, 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 1 (0.51%) MS Exchange
Applications
1 2 (1.01%) MS Excel
2 1 (0.51%) MS Office
Business Applications
1 1 (0.51%) RMDS
Communications & Networking
1 8 (4.04%) TCP/IP
2 5 (2.53%) Multicast
3 1 (0.51%) DHCP
3 1 (0.51%) HTTP
3 1 (0.51%) DNS
3 1 (0.51%) SAN
3 1 (0.51%) Internet
3 1 (0.51%) iSCSI
3 1 (0.51%) NAS
Database & Business Intelligence
1 24 (12.12%) KDB
2 5 (2.53%) SQL Server
3 4 (2.02%) Relational Database
4 2 (1.01%) NoSQL
5 1 (0.51%) DB2
5 1 (0.51%) RDBMS
Development Applications
1 7 (3.54%) Subversion
1 7 (3.54%) Eclipse
2 3 (1.52%) Jenkins
2 3 (1.52%) Maven
3 1 (0.51%) Rhino Mocks
3 1 (0.51%) NMock
3 1 (0.51%) JUnit
3 1 (0.51%) NUnit
General
1 86 (43.43%) Front Office
2 75 (37.88%) Finance
3 70 (35.35%) Banking
4 45 (22.73%) Investment Banking
5 8 (4.04%) Financial Institution
6 3 (1.52%) Marketing
7 2 (1.01%) Back Office
8 1 (0.51%) Advertising
8 1 (0.51%) Retail Banking
8 1 (0.51%) Corporate Banking
8 1 (0.51%) Retail
8 1 (0.51%) Mandarin Language
Job Titles
1 139 (70.20%) Developer
2 66 (33.33%) Java Developer
3 47 (23.74%) C++ Developer
4 38 (19.19%) Analyst
5 28 (14.14%) Senior Developer
6 21 (10.61%) Senior Java Developer
7 19 (9.60%) Support Analyst
8 17 (8.59%) C# Developer
9 12 (6.06%) Business Analyst
10 10 (5.05%) FIX Analyst
11 8 (4.04%) Applications Support
12 6 (3.03%) WPF Developer
13 5 (2.53%) Senior WPF Developer
13 5 (2.53%) Applications Support Analyst
14 4 (2.02%) Python Developer
15 3 (1.52%) Lead Developer
15 3 (1.52%) Architect
15 3 (1.52%) Lead Java Developer
15 3 (1.52%) Senior Architect
15 3 (1.52%) Investment Banking Business Analyst
Libraries, Frameworks & Software Standards
1 70 (35.35%) FIX Protocol
2 17 (8.59%) WPF
3 15 (7.58%) Middleware
4 12 (6.06%) J2SE
5 9 (4.55%) .NET
6 8 (4.04%) STL
6 8 (4.04%) Boost C++ Libraries
7 6 (3.03%) Spring
7 6 (3.03%) Reactive Extensions
8 5 (2.53%) LINQ
9 4 (2.02%) AngularJS
9 4 (2.02%) HTML
9 4 (2.02%) HTML5
9 4 (2.02%) WinForms
10 2 (1.01%) Silverlight
11 1 (0.51%) Regular Expression
11 1 (0.51%) JMS
11 1 (0.51%) XML
11 1 (0.51%) Swing
11 1 (0.51%) J2EE
Miscellaneous
1 86 (43.43%) Foreign Exchange (FX)
2 72 (36.36%) Equities
3 38 (19.19%) Algorithms
4 26 (13.13%) Derivative
5 23 (11.62%) Fixed Income
6 18 (9.09%) Mathematics
7 16 (8.08%) Data Structures
8 11 (5.56%) Analytical Skills
8 11 (5.56%) Equity Derivative
9 10 (5.05%) Hedge funds
10 8 (4.04%) Physics
11 6 (3.03%) Computer Science
12 4 (2.02%) VWAP
12 4 (2.02%) SCADA
12 4 (2.02%) Visualisation
12 4 (2.02%) Clustering
12 4 (2.02%) Management Information System
12 4 (2.02%) TWAP
13 3 (1.52%) Tandem
13 3 (1.52%) Field-Programmable Gate Array
Operating Systems
1 60 (30.30%) Linux
2 49 (24.75%) UNIX
3 7 (3.54%) Windows
4 5 (2.53%) Red Hat Enterprise Linux
5 4 (2.02%) SUSE
5 4 (2.02%) AIX
5 4 (2.02%) Solaris
5 4 (2.02%) Oracle Linux
5 4 (2.02%) SUSE Linux Enterprise Server
6 1 (0.51%) Windows Server 2012
6 1 (0.51%) Windows Server 2008
6 1 (0.51%) Windows 7
Processes & Methodologies
1 112 (56.57%) Low Latency
2 71 (35.86%) Multithreading
3 42 (21.21%) Agile Software Development
4 31 (15.66%) Electronic Trading
5 30 (15.15%) Risk Management
6 23 (11.62%) TDD
7 22 (11.11%) OO
8 21 (10.61%) Software Engineering
8 21 (10.61%) FX Algorithmic Trading
9 18 (9.09%) Market Making
10 10 (5.05%) Garbage Collection
11 9 (4.55%) Operations Research
12 8 (4.04%) Project Management
12 8 (4.04%) Performance Tuning
12 8 (4.04%) Financial Modelling
13 7 (3.54%) Open Source
13 7 (3.54%) Stakeholder Engagement
14 6 (3.03%) Continuous Integration
14 6 (3.03%) Performance Analysis
15 5 (2.53%) Concurrent Programming
Programming Languages
1 79 (39.90%) Java
2 65 (32.83%) C++
3 37 (18.69%) SQL
4 26 (13.13%) Python
5 25 (12.63%) Perl
5 25 (12.63%) C#
6 9 (4.55%) Shell Script
7 7 (3.54%) C
8 6 (3.03%) JavaScript
9 4 (2.02%) Ruby
9 4 (2.02%) PowerShell
10 3 (1.52%) Bash Shell
11 2 (1.01%) VB
11 2 (1.01%) AWK
11 2 (1.01%) Scala
11 2 (1.01%) Tcl
12 1 (0.51%) XAML
12 1 (0.51%) C-shell
12 1 (0.51%) VBScript
Qualifications
1 17 (8.59%) Degree
2 4 (2.02%) PhD
Quality Assurance & Compliance
1 3 (1.52%) QA
2 1 (0.51%) MiFID
System Software
1 4 (2.02%) Active Directory
1 4 (2.02%) Veritas Cluster Server
2 1 (0.51%) NFS
2 1 (0.51%) VMware ESX
2 1 (0.51%) VMware Infrastructure
Systems Management
1 4 (2.02%) HP Operations Orchestration
1 4 (2.02%) Puppet
1 4 (2.02%) Opscode Chef
2 1 (0.51%) WMI
Vendors
1 11 (5.56%) Sybase
2 8 (4.04%) Oracle
3 5 (2.53%) Fidessa
3 5 (2.53%) Red Hat
4 4 (2.02%) ION Trading
4 4 (2.02%) HP
4 4 (2.02%) EMC
4 4 (2.02%) Veritas
5 3 (1.52%) Microsoft
5 3 (1.52%) Portware
6 2 (1.01%) Infragistics
6 2 (1.01%) Perforce
7 1 (0.51%) VMware
7 1 (0.51%) NYFIX
7 1 (0.51%) 3PAR
7 1 (0.51%) Solace
7 1 (0.51%) Cognizant
City, London
TEKsystems
Rate: £700 - £800 per day
Posted: 5 days ago
London
Hays Finance Technology
Rate: £550.00 - £600.00 per annum
Posted: 6 days ago