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 17 April 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
17 Apr 2015
Same period 2014 Same period 2013
Algorithmic Trading
Rank 494 560 495
Rank change year-on-year
+66 -65
Contract jobs citing Algorithmic Trading 99 39 69
As % of all contract IT jobs located in the UK 0.18% 0.069% 0.14%
As % of the Processes & Methodologies category 0.23% 0.093% 0.19%
Number of daily rates quoted 75 34 54
Average daily rate
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£625 £613 £540
Average daily rate % change year-on-year
+2.04% +13.42%
90% offered a daily rate of more than £460 £500 £500
10% offered a daily rate of more than £750 £738 £700
UK excluding London average daily rate £563 - -
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
42607 42090 35753
As % of all contract IT jobs located in the UK 76.23% 74.66% 73.57%
Number of daily rates quoted 26554 26094 21361
Average daily rate £415 £400 £405
Average daily rate % change year-on-year
+3.75% -1.23%
90% offered a daily rate of more than £280 £275 £275
10% offered a daily rate of more than £575 £563 £575
UK excluding London average daily rate £393 £375 £363
% change year-on-year
+4.66% +3.44%
Number of hourly rates quoted 1209 1182 1111
Average hourly rate £29.00 £27.50 £32.00
Average hourly rate % change year-on-year
+5.45% -14.06%
90% offered a hourly rate of more than £12.28 £12.31 £13.50
10% offered a hourly rate of more than £47.70 £52.50 £53.80
UK excluding London average hourly rate £31.44 £30.00 £32.00
% change year-on-year
+4.80% -6.25%

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 17 April 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 7 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 17 April 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 +63 97 £625 +2.04% 40
England +54 97 £625 +2.04% 42
City of London +32 23 £550 -16.98% 22
Docklands, London - 1 £575 -
Cambridgeshire - - - -
East of England - - - -
Cambridge - - - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 17 April 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 99 (60.74%) Low Latency
2 85 (52.15%) Front Office
3 78 (47.85%) Java
4 66 (40.49%) Multithreading
5 65 (39.88%) Finance
6 63 (38.65%) Foreign Exchange (FX)
7 58 (35.58%) FIX Protocol
8 56 (34.36%) Banking
9 52 (31.90%) Equities
10 51 (31.29%) UNIX
11 45 (27.61%) C++
12 44 (26.99%) Agile Software Development
13 43 (26.38%) Linux
14 40 (24.54%) Investment Banking
15 35 (21.47%) SQL
16 25 (15.34%) Perl
16 25 (15.34%) KDB
17 24 (14.72%) Electronic Trading
17 24 (14.72%) C#
18 23 (14.11%) TDD
19 22 (13.50%) Middleware
19 22 (13.50%) Algorithms
20 21 (12.88%) OO
21 19 (11.66%) Risk Management
22 18 (11.04%) Derivative
22 18 (11.04%) Python
23 15 (9.20%) Software Engineering
24 14 (8.59%) Mathematics
25 13 (7.98%) Fixed Income
26 10 (6.13%) Spring

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 17 April 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 5 (3.07%) TIBCO EMS
2 1 (0.61%) MS Exchange
Applications
1 1 (0.61%) MS Office
1 1 (0.61%) MS Excel
Business Applications
1 1 (0.61%) RMDS
Communications & Networking
1 7 (4.29%) TCP/IP
2 4 (2.45%) Multicast
Database & Business Intelligence
1 25 (15.34%) KDB
2 10 (6.13%) Relational Database
3 3 (1.84%) SQL Server
4 2 (1.23%) DB2
4 2 (1.23%) RDBMS
Development Applications
1 6 (3.68%) Subversion
1 6 (3.68%) Eclipse
2 3 (1.84%) Jenkins
3 2 (1.23%) JUnit
3 2 (1.23%) Maven
4 1 (0.61%) Rhino Mocks
4 1 (0.61%) NMock
4 1 (0.61%) NUnit
General
1 85 (52.15%) Front Office
2 65 (39.88%) Finance
3 56 (34.36%) Banking
4 40 (24.54%) Investment Banking
5 3 (1.84%) Marketing
5 3 (1.84%) Financial Institution
6 2 (1.23%) Back Office
7 1 (0.61%) Advertising
7 1 (0.61%) Mandarin Language
Job Titles
1 105 (64.42%) Developer
2 57 (34.97%) Java Developer
3 31 (19.02%) C++ Developer
3 31 (19.02%) Analyst
4 20 (12.27%) Senior Developer
5 17 (10.43%) Senior Java Developer
6 16 (9.82%) Support Analyst
7 11 (6.75%) C# Developer
8 10 (6.13%) FIX Analyst
9 9 (5.52%) Business Analyst
10 6 (3.68%) Applications Support
11 5 (3.07%) UNIX Engineer
12 4 (2.45%) Python Developer
12 4 (2.45%) WPF Developer
13 3 (1.84%) Lead Java Developer
13 3 (1.84%) C++/Java Developer
13 3 (1.84%) Senior WPF Developer
13 3 (1.84%) Architect
13 3 (1.84%) Senior Architect
13 3 (1.84%) Banking Business Analyst
Libraries, Frameworks & Software Standards
1 58 (35.58%) FIX Protocol
2 22 (13.50%) Middleware
3 10 (6.13%) Spring
4 8 (4.91%) WPF
5 7 (4.29%) JMS
6 6 (3.68%) .NET
7 5 (3.07%) STL
7 5 (3.07%) Rendezvous
7 5 (3.07%) J2SE
7 5 (3.07%) Boost C++ Libraries
7 5 (3.07%) Reactive Extensions
8 4 (2.45%) LINQ
9 3 (1.84%) AngularJS
10 2 (1.23%) HTML5
10 2 (1.23%) Silverlight
10 2 (1.23%) HTML
11 1 (0.61%) XML
11 1 (0.61%) Swing
11 1 (0.61%) WinForms
11 1 (0.61%) WCF
Miscellaneous
1 63 (38.65%) Foreign Exchange (FX)
2 52 (31.90%) Equities
3 22 (13.50%) Algorithms
4 18 (11.04%) Derivative
5 14 (8.59%) Mathematics
6 13 (7.98%) Fixed Income
7 8 (4.91%) Analytical Skills
7 8 (4.91%) Data Structures
8 7 (4.29%) Clustering
8 7 (4.29%) Equity Derivative
9 6 (3.68%) Management Information System
9 6 (3.68%) Open Source
10 5 (3.07%) Physics
10 5 (3.07%) VWAP
10 5 (3.07%) TWAP
11 4 (2.45%) Visualisation
11 4 (2.45%) Hedge funds
11 4 (2.45%) SCADA
12 3 (1.84%) Tandem
13 2 (1.23%) Field-Programmable Gate Array
Operating Systems
1 51 (31.29%) UNIX
2 43 (26.38%) Linux
3 7 (4.29%) SUSE
3 7 (4.29%) Red Hat Enterprise Linux
3 7 (4.29%) Windows
3 7 (4.29%) AIX
3 7 (4.29%) Solaris
3 7 (4.29%) SUSE Linux Enterprise Server
4 6 (3.68%) Oracle Linux
Processes & Methodologies
1 99 (60.74%) Low Latency
2 66 (40.49%) Multithreading
3 44 (26.99%) Agile Software Development
4 24 (14.72%) Electronic Trading
5 23 (14.11%) TDD
6 21 (12.88%) OO
7 19 (11.66%) Risk Management
8 15 (9.20%) Software Engineering
9 7 (4.29%) Configuration Management
9 7 (4.29%) Stakeholder Engagement
10 6 (3.68%) Performance Tuning
10 6 (3.68%) Continuous Integration
10 6 (3.68%) ITIL
10 6 (3.68%) Service Management
10 6 (3.68%) ITSM
11 5 (3.07%) UML
11 5 (3.07%) Project Management
11 5 (3.07%) E-Commerce
11 5 (3.07%) Operations Research
11 5 (3.07%) Numerical Analysis
Programming Languages
1 78 (47.85%) Java
2 45 (27.61%) C++
3 35 (21.47%) SQL
4 25 (15.34%) Perl
5 24 (14.72%) C#
6 18 (11.04%) Python
7 7 (4.29%) Ruby
8 4 (2.45%) Shell Script
9 3 (1.84%) JavaScript
10 2 (1.23%) VB
10 2 (1.23%) Scala
10 2 (1.23%) AWK
11 1 (0.61%) C-shell
11 1 (0.61%) PowerShell
11 1 (0.61%) XAML
11 1 (0.61%) Tcl
11 1 (0.61%) C
Qualifications
1 10 (6.13%) Degree
Quality Assurance & Compliance
1 4 (2.45%) QA
System Software
1 7 (4.29%) Veritas Cluster Server
2 1 (0.61%) Active Directory
Systems Management
1 7 (4.29%) HP Operations Orchestration
1 7 (4.29%) Puppet
1 7 (4.29%) Opscode Chef
Vendors
1 9 (5.52%) Sybase
2 8 (4.91%) Oracle
2 8 (4.91%) TIBCO
3 7 (4.29%) Veritas
3 7 (4.29%) HP
3 7 (4.29%) EMC
4 6 (3.68%) Red Hat
4 6 (3.68%) ION Trading
4 6 (3.68%) 29West
5 5 (3.07%) Informatica
5 5 (3.07%) IBM
6 3 (1.84%) Fidessa
6 3 (1.84%) Portware
7 2 (1.23%) Microsoft
8 1 (0.61%) Sun
8 1 (0.61%) NYFIX
8 1 (0.61%) Infragistics
8 1 (0.61%) Perforce
City, London
Harrington Starr
Rate: £500 - £700 per day
Posted: Yesterday
London
TEKsystems
Rate: £650 - £700 per day
Posted: 3 days ago
City, London
TEKsystems
Rate: £550 per day
Posted: 3 days ago
London
McGregor Boyall
Rate: £600 - £750 per day + or VP Perm
Posted: 4 days ago
City, London
Harrington Starr
Rate: £700 per day
Posted: 5 days ago
City, London
TEKsystems
Rate: £650 - £750 per day
Posted: 5 days ago