The first table below looks at the demand 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 30 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category.

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
30 Jul 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 490 472 485
Rank change year-on-year
-18 +13
Contract jobs citing Algorithmic Trading 98 91 104
As % of all contract IT jobs located in the UK 0.18% 0.18% 0.18%
As % of the Processes & Methodologies category 0.24% 0.24% 0.26%
Number of daily rates quoted 84 70 67
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£650 £600 £600
Average daily rate % change year-on-year
+8.33% -
90% offered a daily rate of more than £440 £499 £385
10% offered a daily rate of more than £700 £700 £700
UK excluding London average daily rate £375 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Processes & Methodologies Category
UK
Contract IT job ads with a match in the
Processes & Methodologies category
40471 37295 40749
As % of all contract IT jobs located in the UK 74.06% 72.95% 70.51%
Number of daily rates quoted 25021 22614 23464
Average daily rate £400 £403 £400
Average daily rate % change year-on-year
-0.62% +0.62%
90% offered a daily rate of more than £275 £270 £268
10% offered a daily rate of more than £560 £575 £575
UK excluding London average daily rate £375 £375 £363
% change year-on-year
- +3.44%
Number of hourly rates quoted 1157 1059 1464
Average hourly rate £25.00 £30.00 £31.00
Average hourly rate % change year-on-year
-16.66% -3.22%
90% offered a hourly rate of more than £12.55 £12.50 £13.35
10% offered a hourly rate of more than £50.00 £47.50 £45.00
UK excluding London average hourly rate £26.50 £31.00 £31.50
% change year-on-year
-14.51% -1.58%

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 30 July 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 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 30 July 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 +13 89 £650 +8.33% 27
England -32 89 £650 +8.33% 27
City of London +21 37 £650 +2.97% 10
Docklands, London - 1 £513 -
West Midlands - - - -
Birmingham - - - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 30 July 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 99 (71.22%) Low Latency
2 96 (69.06%) Foreign Exchange (FX)
3 88 (63.31%) Multithreading
4 86 (61.87%) Java
5 76 (54.68%) Front Office
6 60 (43.17%) Banking
7 45 (32.37%) SQL
8 43 (30.94%) C#
9 39 (28.06%) Finance
10 33 (23.74%) Electronic Trading
10 33 (23.74%) FIX Protocol
11 31 (22.30%) Equities
12 30 (21.58%) C++
13 29 (20.86%) Linux
14 28 (20.14%) Oracle
14 28 (20.14%) Investment Banking
15 22 (15.83%) Oracle Coherence
16 20 (14.39%) Degree
16 20 (14.39%) Performance Tuning
17 19 (13.67%) KDB
17 19 (13.67%) UNIX
18 17 (12.23%) Middleware
19 16 (11.51%) VWAP
19 16 (11.51%) TWAP
20 15 (10.79%) Relational Database
21 14 (10.07%) Risk Management
22 13 (9.35%) Windows
22 13 (9.35%) Computer Science
23 12 (8.63%) E-Commerce
24 11 (7.91%) .NET

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 30 July 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 22 (15.83%) Oracle Coherence
Applications
1 3 (2.16%) MS Office
Business Applications
1 8 (5.76%) RMDS
Communications & Networking
1 8 (5.76%) TCP/IP
2 5 (3.60%) Multicast
3 1 (0.72%) HTTP
3 1 (0.72%) Firewall
3 1 (0.72%) BGP
Database & Business Intelligence
1 19 (13.67%) KDB
2 15 (10.79%) Relational Database
3 5 (3.60%) SQL Server
Development Applications
1 2 (1.44%) Maven
1 2 (1.44%) Ant
1 2 (1.44%) Eclipse
2 1 (0.72%) JUnit
2 1 (0.72%) Visual Studio
2 1 (0.72%) JIRA
2 1 (0.72%) SpecFlow
General
1 76 (54.68%) Front Office
2 60 (43.17%) Banking
3 39 (28.06%) Finance
4 28 (20.14%) Investment Banking
5 5 (3.60%) Financial Institution
6 4 (2.88%) Back Office
7 2 (1.44%) Retail
8 1 (0.72%) Games
8 1 (0.72%) Legal
Job Titles
1 92 (66.19%) Developer
2 45 (32.37%) Java Developer
3 34 (24.46%) C# Developer
4 11 (7.91%) Analyst
5 9 (6.47%) Senior Developer
6 8 (5.76%) WPF Developer
6 8 (5.76%) Development Manager
7 7 (5.04%) Business Analyst
8 6 (4.32%) Senior Java Developer
9 5 (3.60%) Lead Developer
9 5 (3.60%) C++ Developer
10 3 (2.16%) Project Manager
10 3 (2.16%) Python Developer
11 2 (1.44%) Lead Java Developer
11 2 (1.44%) Fidessa Analyst
11 2 (1.44%) Support Analyst
11 2 (1.44%) Senior Analyst
12 1 (0.72%) Applications Support
12 1 (0.72%) Senior Manager
12 1 (0.72%) Front Office Developer
Libraries, Frameworks & Software Standards
1 33 (23.74%) FIX Protocol
2 17 (12.23%) Middleware
3 11 (7.91%) .NET
4 9 (6.47%) WPF
5 6 (4.32%) WinForms
6 4 (2.88%) LINQ
7 3 (2.16%) Rendezvous
7 3 (2.16%) RabbitMQ
8 2 (1.44%) Reactive Extensions
8 2 (1.44%) WCF
8 2 (1.44%) STL
8 2 (1.44%) JMS
9 1 (0.72%) J2SE
9 1 (0.72%) XML
9 1 (0.72%) Boost C++ Libraries
Miscellaneous
1 96 (69.06%) Foreign Exchange (FX)
2 31 (22.30%) Equities
3 16 (11.51%) VWAP
3 16 (11.51%) TWAP
4 13 (9.35%) Computer Science
5 10 (7.19%) Fixed Income
6 9 (6.47%) Visualisation
7 7 (5.04%) Mathematics
8 5 (3.60%) Credit Derivative
8 5 (3.60%) Hedge funds
9 4 (2.88%) Derivative
9 4 (2.88%) Client/Server
10 3 (2.16%) Open Source
11 2 (1.44%) Physics
11 2 (1.44%) Statistics
12 1 (0.72%) Credit Risk
12 1 (0.72%) Enterprise Software
Operating Systems
1 29 (20.86%) Linux
2 19 (13.67%) UNIX
3 13 (9.35%) Windows
4 6 (4.32%) Solaris
Processes & Methodologies
1 99 (71.22%) Low Latency
2 88 (63.31%) Multithreading
3 33 (23.74%) Electronic Trading
4 20 (14.39%) Performance Tuning
5 14 (10.07%) Risk Management
6 12 (8.63%) E-Commerce
7 11 (7.91%) Software Engineering
8 7 (5.04%) OO
9 5 (3.60%) TDD
9 5 (3.60%) Business Analysis
10 4 (2.88%) Data Visualisation
10 4 (2.88%) Change Control
10 4 (2.88%) Problem Management
10 4 (2.88%) Business Development
10 4 (2.88%) Agile Software Development
10 4 (2.88%) Process Management
11 3 (2.16%) Web Development
11 3 (2.16%) Analytics
11 3 (2.16%) Ultra-Low Latency
12 2 (1.44%) Wealth Management
Programming Languages
1 86 (61.87%) Java
2 45 (32.37%) SQL
3 43 (30.94%) C#
4 30 (21.58%) C++
5 8 (5.76%) Python
6 5 (3.60%) Scala
7 4 (2.88%) Perl
7 4 (2.88%) Shell Script
8 3 (2.16%) AWK
8 3 (2.16%) C-shell
9 2 (1.44%) C
10 1 (0.72%) VB
10 1 (0.72%) PowerShell
10 1 (0.72%) Bash Shell
10 1 (0.72%) R
Qualifications
1 20 (14.39%) Degree
2 3 (2.16%) PhD
System Software
1 1 (0.72%) Active Directory
Vendors
1 28 (20.14%) Oracle
2 9 (6.47%) 29West
3 6 (4.32%) TIBCO
4 5 (3.60%) Bloomberg
4 5 (3.60%) ION Trading
4 5 (3.60%) Tradeweb
5 3 (2.16%) Infragistics
5 3 (2.16%) Perforce
6 2 (1.44%) Fidessa
7 1 (0.72%) Microsoft
7 1 (0.72%) Sybase
7 1 (0.72%) Radianz
7 1 (0.72%) Reuters
7 1 (0.72%) Portware
City, London
McGregor Boyall
Rate: £650 - £750 per day
Posted: 12 hours ago
City, London
Aston Carter
Rate: £750 - £850 per day
Posted: 13 hours ago
City, London
Aston Carter
Rate: £600 - £700 per day
Posted: 18 hours ago
London
Orgtel
Rate: £500 - £600 per day
Posted: 19 hours ago
London
Hatstand Limited
Rate: £400 - £500 per day
Posted: Yesterday
London
Hays IT - Uk Posting account
Rate: £600.00 - £650.00 per annum
Posted: 8 days ago