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 26 January 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
26 Jan 2015
Same period 2014 Same period 2013
Algorithmic Trading
Rank 515 494 501
Rank change year-on-year
-21 +7
Contract jobs citing Algorithmic Trading 62 67 26
As % of all contract IT jobs located in the UK 0.12% 0.14% 0.057%
As % of the Processes & Methodologies category 0.16% 0.19% 0.080%
Number of daily rates quoted 46 53 24
Average daily rate
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£594 £588 £600
Average daily rate % change year-on-year
+1.06% -2.08%
90% offered a daily rate of more than £400 £475 £325
10% offered a daily rate of more than £660 £695 £675
UK excluding London average daily rate £475 - -
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
38219 36146 32687
As % of all contract IT jobs located in the UK 75.29% 74.26% 71.95%
Number of daily rates quoted 24558 22025 19397
Average daily rate £423 £400 £400
Average daily rate % change year-on-year
+5.62% -
90% offered a daily rate of more than £285 £271 £270
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £398 £375 £363
% change year-on-year
+6.00% +3.44%
Number of hourly rates quoted 1002 1117 1319
Average hourly rate £25.00 £26.50 £30.00
Average hourly rate % change year-on-year
-5.66% -11.66%
90% offered a hourly rate of more than £12.00 £12.00 £12.00
10% offered a hourly rate of more than £47.50 £45.00 £45.00
UK excluding London average hourly rate £25.25 £27.00 £31.50
% change year-on-year
-6.48% -14.28%

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 26 January 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 9 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 26 January 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 -4 60 £600 +2.12% 27
England -33 60 £600 +2.12% 29
City of London +12 15 £650 +10.63% 15
Scotland - 2 £475 -
East of England - - - - 1
Docklands, London - - - -
Cambridgeshire - - - - 1
Cambridge - - - - 1
Edinburgh - - - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 26 January 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.

1 153 (73.91%) Low Latency
2 141 (68.12%) Multithreading
3 136 (65.70%) Foreign Exchange (FX)
4 135 (65.22%) Java
5 118 (57.00%) Front Office
6 77 (37.20%) Banking
7 59 (28.50%) Finance
8 47 (22.71%) Agile Software Development
9 46 (22.22%) Investment Banking
10 45 (21.74%) SQL
10 45 (21.74%) UNIX
10 45 (21.74%) Linux
10 45 (21.74%) Analytical Skills
11 42 (20.29%) FIX Protocol
12 40 (19.32%) C++
13 35 (16.91%) C#
13 35 (16.91%) Equities
13 35 (16.91%) KDB
14 26 (12.56%) Degree
14 26 (12.56%) Middleware
15 25 (12.08%) Algorithms
16 23 (11.11%) Performance Tuning
16 23 (11.11%) Perl
17 22 (10.63%) OO
17 22 (10.63%) Risk Management
17 22 (10.63%) Electronic Trading
18 21 (10.14%) Relational Database
19 20 (9.66%) Python
20 19 (9.18%) Mathematics
21 18 (8.70%) Computer Science

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 26 January 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 (2.42%) TIBCO EMS
2 3 (1.45%) Oracle Coherence
Applications
1 1 (0.48%) MS Office
Business Applications
1 1 (0.48%) RMDS
Communications & Networking
1 4 (1.93%) TCP/IP
2 3 (1.45%) Multicast
3 2 (0.97%) Firewall
4 1 (0.48%) DNS
Database & Business Intelligence
1 35 (16.91%) KDB
2 21 (10.14%) Relational Database
3 2 (0.97%) Big Data
3 2 (0.97%) SQL Server 2012
3 2 (0.97%) SQL Server
3 2 (0.97%) DB2
3 2 (0.97%) RDBMS
Development Applications
1 3 (1.45%) JUnit
2 2 (0.97%) Visual Studio
2 2 (0.97%) Visual Studio Tools for Office
3 1 (0.48%) Eclipse
3 1 (0.48%) Subversion
General
1 118 (57.00%) Front Office
2 77 (37.20%) Banking
3 59 (28.50%) Finance
4 46 (22.22%) Investment Banking
5 3 (1.45%) Financial Institution
6 1 (0.48%) Law
6 1 (0.48%) Back Office
Job Titles
1 147 (71.01%) Developer
2 93 (44.93%) Java Developer
3 19 (9.18%) C++ Developer
3 19 (9.18%) Analyst
4 15 (7.25%) Senior Developer
5 13 (6.28%) Senior Java Developer
6 11 (5.31%) Support Analyst
6 11 (5.31%) C# Developer
7 8 (3.86%) Business Analyst
8 7 (3.38%) UNIX Engineer
8 7 (3.38%) WPF Developer
9 6 (2.90%) Quantitative Developer
10 5 (2.42%) Lead Developer
11 4 (1.93%) Python Developer
12 3 (1.45%) Lead Java Developer
12 3 (1.45%) Infrastructure Engineer
12 3 (1.45%) Banking Business Analyst
12 3 (1.45%) FIX Analyst
13 2 (0.97%) Lead .NET Developer
13 2 (0.97%) Investment Banking Business Analyst
Libraries, Frameworks & Software Standards
1 42 (20.29%) FIX Protocol
2 26 (12.56%) Middleware
3 13 (6.28%) STL
4 12 (5.80%) Spring
4 12 (5.80%) Boost C++ Libraries
5 11 (5.31%) WPF
5 11 (5.31%) JMS
6 9 (4.35%) Rendezvous
7 7 (3.38%) LINQ
8 4 (1.93%) Reactive Extensions
9 3 (1.45%) HTML5
9 3 (1.45%) HTML
9 3 (1.45%) .NET
10 2 (0.97%) .NET Framework
10 2 (0.97%) Java SE
10 2 (0.97%) ADO.NET Entity Framework
10 2 (0.97%) J2SE
10 2 (0.97%) Silverlight
10 2 (0.97%) Task Parallel Library
10 2 (0.97%) ASP.NET Web API
Miscellaneous
1 136 (65.70%) Foreign Exchange (FX)
2 45 (21.74%) Analytical Skills
3 35 (16.91%) Equities
4 25 (12.08%) Algorithms
5 19 (9.18%) Mathematics
6 18 (8.70%) Computer Science
7 14 (6.76%) VWAP
7 14 (6.76%) TWAP
7 14 (6.76%) Derivative
8 11 (5.31%) Fixed Income
8 11 (5.31%) Data Structures
9 7 (3.38%) Clustering
10 6 (2.90%) Management Information System
10 6 (2.90%) Physics
11 4 (1.93%) Equity Derivative
12 3 (1.45%) Credit Derivative
12 3 (1.45%) Hedge funds
13 2 (0.97%) Statistical Arbitrage
14 1 (0.48%) Credit Risk
14 1 (0.48%) Open Source
Operating Systems
1 45 (21.74%) UNIX
1 45 (21.74%) Linux
2 11 (5.31%) Red Hat Enterprise Linux
3 9 (4.35%) Windows
4 8 (3.86%) Solaris
5 7 (3.38%) SUSE Linux Enterprise Server
5 7 (3.38%) AIX
5 7 (3.38%) SUSE
6 6 (2.90%) Oracle Linux
7 1 (0.48%) CentOS
Processes & Methodologies
1 153 (73.91%) Low Latency
2 141 (68.12%) Multithreading
3 47 (22.71%) Agile Software Development
4 23 (11.11%) Performance Tuning
5 22 (10.63%) Risk Management
5 22 (10.63%) OO
5 22 (10.63%) Electronic Trading
6 13 (6.28%) Software Engineering
7 11 (5.31%) TDD
8 8 (3.86%) Operations Research
9 7 (3.38%) Financial Modelling
9 7 (3.38%) E-Commerce
9 7 (3.38%) Configuration Management
9 7 (3.38%) Project Management
9 7 (3.38%) Ultra-Low Latency
10 6 (2.90%) Service Management
10 6 (2.90%) ITIL
10 6 (2.90%) ITSM
11 5 (2.42%) Enterprise Architecture
11 5 (2.42%) Numerical Analysis
Programming Languages
1 135 (65.22%) Java
2 45 (21.74%) SQL
3 40 (19.32%) C++
4 35 (16.91%) C#
5 23 (11.11%) Perl
6 20 (9.66%) Python
7 7 (3.38%) Ruby
8 3 (1.45%) C
9 2 (0.97%) Shell Script
9 2 (0.97%) T-SQL
9 2 (0.97%) C-shell
10 1 (0.48%) Bash Shell
10 1 (0.48%) VB
10 1 (0.48%) Korn
10 1 (0.48%) PowerShell
10 1 (0.48%) XAML
10 1 (0.48%) AWK
Qualifications
1 26 (12.56%) Degree
2 3 (1.45%) PhD
Quality Assurance & Compliance
1 3 (1.45%) QA
2 2 (0.97%) EMIR
2 2 (0.97%) Dodd-Frank
2 2 (0.97%) MiFID
System Software
1 7 (3.38%) Veritas Cluster Server
2 2 (0.97%) Firmware
Systems Management
1 7 (3.38%) HP Operations Orchestration
1 7 (3.38%) Puppet
1 7 (3.38%) Opscode Chef
2 1 (0.48%) CFEngine
Vendors
1 12 (5.80%) Oracle
2 10 (4.83%) 29West
3 9 (4.35%) TIBCO
3 9 (4.35%) Informatica
4 8 (3.86%) Veritas
5 7 (3.38%) Red Hat
5 7 (3.38%) HP
5 7 (3.38%) EMC
5 7 (3.38%) Sybase
6 5 (2.42%) IBM
7 4 (1.93%) StreamBase
8 3 (1.45%) Bloomberg
9 2 (0.97%) Infragistics
9 2 (0.97%) ION Trading
9 2 (0.97%) Microsoft
9 2 (0.97%) Cisco
10 1 (0.48%) Sun
10 1 (0.48%) Intel
London
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Rate: £550 - £675 per day
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