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 18 September 2014 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
18 Sep 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 474 494 496
Rank change year-on-year
+20 +2
Contract jobs citing Algorithmic Trading 139 90 112
As % of all contract IT jobs located in the UK 0.24% 0.17% 0.19%
As % of the Processes & Methodologies category 0.33% 0.23% 0.27%
Number of daily rates quoted 124 67 69
Average daily rate
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£650 £550 £538
Average daily rate % change year-on-year
+18.18% +2.32%
90% offered a daily rate of more than £529 £440 £325
10% offered a daily rate of more than £700 £700 £675
UK excluding London average daily rate £400 - -
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
42685 38525 41504
As % of all contract IT jobs located in the UK 74.19% 74.10% 72.00%
Number of daily rates quoted 26682 23752 24020
Average daily rate £413 £400 £400
Average daily rate % change year-on-year
+3.12% -
90% offered a daily rate of more than £275 £275 £265
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £375 £370 £363
% change year-on-year
+1.35% +2.06%
Number of hourly rates quoted 1176 1101 1519
Average hourly rate £23.83 £27.50 £31.00
Average hourly rate % change year-on-year
-13.35% -11.29%
90% offered a hourly rate of more than £12.51 £12.00 £12.50
10% offered a hourly rate of more than £53.50 £50.00 £45.50
UK excluding London average hourly rate £26.00 £30.00 £30.00
% change year-on-year
-13.33% -

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 18 September 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 14 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 18 September 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
(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 +39 133 £650 +18.18% 36
England +12 133 £650 +18.18% 36
City of London +42 43 £650 +8.33% 19
Scotland - 5 £388 -
Docklands, London - 3 £555 -
County Antrim - 1 £425 -
Belfast - 1 £425 -
Northern Ireland - 1 £425 -
East of England - - - -
Birmingham - - - -
Cambridge - - - -
Edinburgh - - - -
West Midlands - - - -
Cambridgeshire - - - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 18 September 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.

1 155 (73.11%) Foreign Exchange (FX)
2 153 (72.17%) Low Latency
3 151 (71.23%) Multithreading
4 137 (64.62%) Java
5 117 (55.19%) Front Office
6 95 (44.81%) Banking
7 57 (26.89%) Analytical Skills
8 51 (24.06%) SQL
9 50 (23.58%) Linux
9 50 (23.58%) Finance
10 49 (23.11%) C#
11 46 (21.70%) Investment Banking
12 42 (19.81%) C++
13 38 (17.92%) Equities
14 37 (17.45%) Electronic Trading
15 35 (16.51%) FIX Protocol
16 33 (15.57%) KDB
17 30 (14.15%) UNIX
18 29 (13.68%) Degree
18 29 (13.68%) Agile Software Development
18 29 (13.68%) Performance Tuning
19 28 (13.21%) Oracle
20 24 (11.32%) Risk Management
21 23 (10.85%) Oracle Coherence
22 22 (10.38%) VWAP
22 22 (10.38%) TWAP
23 20 (9.43%) Computer Science
24 19 (8.96%) Relational Database
25 17 (8.02%) Software Engineering
26 16 (7.55%) Python

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 18 September 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 23 (10.85%) Oracle Coherence
Applications
1 3 (1.42%) MS Office
Business Applications
1 8 (3.77%) RMDS
Communications & Networking
1 11 (5.19%) TCP/IP
2 8 (3.77%) Multicast
3 3 (1.42%) Firewall
4 1 (0.47%) HTTP
4 1 (0.47%) DNS
4 1 (0.47%) BGP
Database & Business Intelligence
1 33 (15.57%) KDB
2 19 (8.96%) Relational Database
3 5 (2.36%) SQL Server
Development Applications
1 2 (0.94%) Eclipse
2 1 (0.47%) JIRA
2 1 (0.47%) JUnit
General
1 117 (55.19%) Front Office
2 95 (44.81%) Banking
3 50 (23.58%) Finance
4 46 (21.70%) Investment Banking
5 7 (3.30%) Financial Institution
6 3 (1.42%) Back Office
7 1 (0.47%) Law
7 1 (0.47%) Legal
7 1 (0.47%) Games
Job Titles
1 151 (71.23%) Developer
2 89 (41.98%) Java Developer
3 36 (16.98%) C# Developer
4 16 (7.55%) Analyst
4 16 (7.55%) Senior Developer
5 13 (6.13%) C++ Developer
5 13 (6.13%) Senior Java Developer
6 12 (5.66%) Business Analyst
7 10 (4.72%) WPF Developer
8 8 (3.77%) Lead Developer
9 7 (3.30%) Development Manager
10 6 (2.83%) Quantitative Developer
11 5 (2.36%) Lead Java Developer
12 4 (1.89%) Python Developer
12 4 (1.89%) Banking Business Analyst
12 4 (1.89%) Support Analyst
13 3 (1.42%) Senior WPF Developer
13 3 (1.42%) IT Business Analyst
13 3 (1.42%) Infrastructure Engineer
14 2 (0.94%) UNIX Engineer
Libraries, Frameworks & Software Standards
1 35 (16.51%) FIX Protocol
2 14 (6.60%) Middleware
3 11 (5.19%) WPF
4 10 (4.72%) .NET
4 10 (4.72%) STL
5 9 (4.25%) Boost C++ Libraries
6 6 (2.83%) Rendezvous
6 6 (2.83%) WinForms
7 4 (1.89%) Spring
7 4 (1.89%) LINQ
8 3 (1.42%) HTML5
8 3 (1.42%) Reactive Extensions
8 3 (1.42%) HTML
8 3 (1.42%) JMS
9 1 (0.47%) J2SE
9 1 (0.47%) WCF
9 1 (0.47%) RabbitMQ
Miscellaneous
1 155 (73.11%) Foreign Exchange (FX)
2 57 (26.89%) Analytical Skills
3 38 (17.92%) Equities
4 22 (10.38%) VWAP
4 22 (10.38%) TWAP
5 20 (9.43%) Computer Science
6 15 (7.08%) Mathematics
7 9 (4.25%) Derivative
8 8 (3.77%) Visualisation
9 6 (2.83%) Fixed Income
10 4 (1.89%) Client/Server
10 4 (1.89%) Hedge funds
11 3 (1.42%) Open Source
11 3 (1.42%) Physics
11 3 (1.42%) Credit Derivative
12 2 (0.94%) Equity Derivative
12 2 (0.94%) Statistics
12 2 (0.94%) Firmware
12 2 (0.94%) Credit Risk
13 1 (0.47%) Enterprise Software
Operating Systems
1 50 (23.58%) Linux
2 30 (14.15%) UNIX
3 15 (7.08%) Windows
4 7 (3.30%) Solaris
5 4 (1.89%) Red Hat Enterprise Linux
6 1 (0.47%) CentOS
Processes & Methodologies
1 153 (72.17%) Low Latency
2 151 (71.23%) Multithreading
3 37 (17.45%) Electronic Trading
4 29 (13.68%) Agile Software Development
4 29 (13.68%) Performance Tuning
5 24 (11.32%) Risk Management
6 17 (8.02%) Software Engineering
7 15 (7.08%) E-Commerce
8 9 (4.25%) OO
9 8 (3.77%) Business Analysis
10 7 (3.30%) Ultra-Low Latency
11 6 (2.83%) Operations Research
11 6 (2.83%) Project Management
12 5 (2.36%) Business Development
12 5 (2.36%) Financial Modelling
13 4 (1.89%) Problem Management
13 4 (1.89%) Data Visualisation
13 4 (1.89%) Change Control
13 4 (1.89%) Process Management
13 4 (1.89%) Mentoring
Programming Languages
1 137 (64.62%) Java
2 51 (24.06%) SQL
3 49 (23.11%) C#
4 42 (19.81%) C++
5 16 (7.55%) Python
6 11 (5.19%) Perl
7 6 (2.83%) Shell Script
8 4 (1.89%) C-shell
9 3 (1.42%) C
9 3 (1.42%) AWK
10 2 (0.94%) PowerShell
10 2 (0.94%) VB
10 2 (0.94%) Bash Shell
11 1 (0.47%) R
11 1 (0.47%) Korn
Qualifications
1 29 (13.68%) Degree
2 5 (2.36%) PhD
Quality Assurance & Compliance
1 2 (0.94%) MiFID
1 2 (0.94%) EMIR
1 2 (0.94%) Dodd-Frank
System Software
1 1 (0.47%) Active Directory
Systems Management
1 1 (0.47%) CFEngine
Vendors
1 28 (13.21%) Oracle
2 13 (6.13%) 29West
3 5 (2.36%) TIBCO
4 4 (1.89%) Sybase
4 4 (1.89%) StreamBase
5 3 (1.42%) Bloomberg
5 3 (1.42%) Infragistics
5 3 (1.42%) Perforce
5 3 (1.42%) Informatica
6 2 (0.94%) Cisco
7 1 (0.47%) Intel
7 1 (0.47%) Veritas
7 1 (0.47%) Red Hat
7 1 (0.47%) Reuters
7 1 (0.47%) Portware
7 1 (0.47%) Radianz
East London
Client Server
Rate: £550 to £600 p/day
Posted: 3 days ago
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Rate: £600 - £720 per day
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Rate: £550 to £600 p/day
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Rate: £575 - £650 per day
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Rate: £450.00 - £550.00 per day
Posted: 21 days ago
City of London
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Rate: £550.00 - £680.00 per day
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