The table below looks at the statistics for Algorithmic Trading skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Algorithmic Trading over the 3 months to 25 September 2016 with a comparison to the same period over 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.

3 months to
25 Sep 2016
Same period 2015 Same period 2014
Algo Trading
Rank 558 556 494
Rank change year-on-year
-2 -62
Contract jobs citing Algorithmic Trading 91 114 152
As % of all contract IT jobs located in the UK 0.17% 0.20% 0.26%
As % of the Processes & Methodologies category 0.21% 0.24% 0.34%
Number of daily rates quoted 78 87 137
Median daily rate £600 £650 £650
Median daily rate % change year-on-year
-7.69% -
90% offered a daily rate of more than £500 £440 £490
10% offered a daily rate of more than £700 £760 £770
UK excluding London median daily rate - £625 £425
% change year-on-year
- +47.05%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
43985 46966 44712
As % of all contract IT jobs located in the UK 83.15% 81.01% 77.28%
Number of daily rates quoted 29139 30711 27950
Median daily rate £440 £425 £413
Median daily rate % change year-on-year
+3.52% +3.03%
90% offered a daily rate of more than £300 £288 £275
10% offered a daily rate of more than £593 £580 £575
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 1137 1301 1222
Median hourly rate £31.00 £32.00 £24.00
Median hourly rate % change year-on-year
-3.12% +33.33%
90% offered a hourly rate of more than £12.58 £12.50 £12.50
10% offered a hourly rate of more than £50.00 £48.50 £53.50
UK excluding London median hourly rate £32.50 £33.64 £26.25
% change year-on-year
-3.38% +28.15%

Algorithmic Trading
Jobs Demand Trend

The demand trend of contract jobs citing Algorithmic Trading as a proportion of all IT contracts with a match in 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 25 September 2016.

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 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Algorithmic Trading within the UK over the 3 months to 25 September 2016. 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +7 91 £600 -7.69% 47
London -15 91 £600 -7.69% 47
City of London -6 19 £581 -10.57% 11

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 25 September 2016, IT contractor jobs citing Algorithmic Trading also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Algorithmic Trading.

1 98 (63.64%) Low Latency
2 88 (57.14%) Front Office
3 78 (50.65%) Electronic Trading
4 72 (46.75%) Foreign Exchange (FX)
5 64 (41.56%) Multithreading
6 59 (38.31%) Banking
7 58 (37.66%) Unix
8 53 (34.42%) C#
9 52 (33.77%) FIX Protocol
10 45 (29.22%) SQL
11 44 (28.57%) Market Making
12 42 (27.27%) Java
12 42 (27.27%) Finance
13 39 (25.32%) C++
14 34 (22.08%) Linux
14 34 (22.08%) Risk Management
14 34 (22.08%) Investment Banking
15 31 (20.13%) Oracle
16 30 (19.48%) Agile Software Development
17 29 (18.83%) WPF
18 27 (17.53%) Analytical Skills
19 26 (16.88%) Performance Optimisation
19 26 (16.88%) WinForms
20 25 (16.23%) Degree
21 24 (15.58%) .NET
22 22 (14.29%) Equities
23 20 (12.99%) AngularJS
24 19 (12.34%) SQL Server
24 19 (12.34%) JavaScript
24 19 (12.34%) OO

Algorithmic Trading
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 3 (1.95%) Confluence
2 1 (0.65%) Apache
2 1 (0.65%) Apache Spark
2 1 (0.65%) SharePoint
Applications
1 1 (0.65%) MS Excel
Business Applications
1 11 (7.14%) RMDS
2 4 (2.60%) Summit
3 1 (0.65%) ION MarketView
3 1 (0.65%) Oracle Procure-to-Pay
Communications & Networking
1 12 (7.79%) TCP/IP
2 1 (0.65%) Firewall
2 1 (0.65%) Internet
2 1 (0.65%) LAN
2 1 (0.65%) SNMP
Database & Business Intelligence
1 19 (12.34%) KDB
1 19 (12.34%) SQL Server
2 5 (3.25%) MongoDB
3 4 (2.60%) Kdb+
4 3 (1.95%) DB2
4 3 (1.95%) MySQL
4 3 (1.95%) PostgreSQL
5 2 (1.30%) NoSQL
5 2 (1.30%) SQL Server 2014
6 1 (0.65%) Big Data
6 1 (0.65%) Data Mining
6 1 (0.65%) Data Warehouse
6 1 (0.65%) Relational Database
Development Applications
1 7 (4.55%) JIRA
2 6 (3.90%) NUnit
3 4 (2.60%) CasperJS
3 4 (2.60%) HP UFT
3 4 (2.60%) Selenium
3 4 (2.60%) Subversion
4 3 (1.95%) TeamCity
4 3 (1.95%) Visual Studio
5 2 (1.30%) Bower
5 2 (1.30%) Gerrit
5 2 (1.30%) Git (software)
5 2 (1.30%) Grunt
5 2 (1.30%) gulp
5 2 (1.30%) Jenkins
5 2 (1.30%) JSUnit
5 2 (1.30%) Mocha
5 2 (1.30%) Moq
5 2 (1.30%) Rhino Mocks
5 2 (1.30%) Sinon.JS
5 2 (1.30%) Toad
General
1 88 (57.14%) Front Office
2 59 (38.31%) Banking
3 42 (27.27%) Finance
4 34 (22.08%) Investment Banking
5 6 (3.90%) Back Office
6 3 (1.95%) Financial Institution
Job Titles
1 106 (68.83%) Developer
2 47 (30.52%) Algorithmic Trading Developer
3 46 (29.87%) C# Developer
4 30 (19.48%) Java Developer
5 21 (13.64%) Java Developer - Algorithmic Trading
6 19 (12.34%) Analyst
6 19 (12.34%) C# Developer - Algorithmic Trading
7 18 (11.69%) Electronic Trading Developer
8 17 (11.04%) C++ Developer
9 14 (9.09%) Support Analyst
10 13 (8.44%) FX Support Analyst
11 11 (7.14%) C# Developer - Electronic Trading
11 11 (7.14%) Unix Analyst
11 11 (7.14%) Unix Support
11 11 (7.14%) Unix Support Analyst
12 10 (6.49%) 1st/2nd Line Support
12 10 (6.49%) 2nd Line Support
12 10 (6.49%) 2nd Line Support Analyst
12 10 (6.49%) Electronic Trading Support
12 10 (6.49%) SQL Support Analyst
Libraries, Frameworks & Software Standards
1 52 (33.77%) FIX Protocol
2 29 (18.83%) WPF
3 26 (16.88%) WinForms
4 24 (15.58%) .NET
5 20 (12.99%) AngularJS
6 16 (10.39%) HTML
6 16 (10.39%) Middleware
7 15 (9.74%) HTML5
8 13 (8.44%) Node.js
9 12 (7.79%) Rendezvous
10 10 (6.49%) CSS
10 10 (6.49%) CSS3
11 6 (3.90%) Swing
12 5 (3.25%) ASP.NET Web API
12 5 (3.25%) Boost C++ Libraries
12 5 (3.25%) jQuery
12 5 (3.25%) KnockoutJS
12 5 (3.25%) LESS
12 5 (3.25%) Sass
12 5 (3.25%) STL
Miscellaneous
1 72 (46.75%) Foreign Exchange (FX)
2 27 (17.53%) Analytical Skills
3 22 (14.29%) Equities
4 17 (11.04%) Algorithms
5 15 (9.74%) Fixed Income
6 11 (7.14%) Computer Science
6 11 (7.14%) Derivative
7 9 (5.84%) Equity Derivative
8 8 (5.19%) Visualisation
9 7 (4.55%) TWAP
9 7 (4.55%) VWAP
10 6 (3.90%) Fintech
11 4 (2.60%) Clustering
11 4 (2.60%) Data Structures
11 4 (2.60%) N-Tier
11 4 (2.60%) SCADA
12 2 (1.30%) Hedge funds
12 2 (1.30%) Inversion of Control
12 2 (1.30%) Market Risk
12 2 (1.30%) Statistics
Operating Systems
1 58 (37.66%) Unix
2 34 (22.08%) Linux
3 13 (8.44%) AIX
3 13 (8.44%) Red Hat Enterprise Linux
3 13 (8.44%) Solaris
4 12 (7.79%) SUSE Linux Enterprise Server
4 12 (7.79%) Windows
5 3 (1.95%) SUSE
6 1 (0.65%) Oracle Linux
Processes & Methodologies
1 98 (63.64%) Low Latency
2 78 (50.65%) Electronic Trading
3 64 (41.56%) Multithreading
4 44 (28.57%) Market Making
5 34 (22.08%) Risk Management
6 30 (19.48%) Agile Software Development
7 26 (16.88%) Performance Optimisation
8 19 (12.34%) OO
9 18 (11.69%) Analytics
10 16 (10.39%) High-Frequency Trading
11 11 (7.14%) Build Automation
11 11 (7.14%) Data Management
11 11 (7.14%) ITIL
12 10 (6.49%) OOD
13 8 (5.19%) FX Algorithmic Trading
13 8 (5.19%) ITSM
13 8 (5.19%) Service Management
14 7 (4.55%) Financial Modelling
14 7 (4.55%) SDLC
15 6 (3.90%) Continuous Integration
Programming Languages
1 53 (34.42%) C#
2 45 (29.22%) SQL
3 42 (27.27%) Java
4 39 (25.32%) C++
5 19 (12.34%) JavaScript
6 17 (11.04%) Python
7 11 (7.14%) Shell Script
8 6 (3.90%) MATLAB
8 6 (3.90%) Perl
9 4 (2.60%) PowerShell
9 4 (2.60%) R
9 4 (2.60%) Ruby
10 2 (1.30%) ES6
11 1 (0.65%) C
11 1 (0.65%) PHP
11 1 (0.65%) Scala
11 1 (0.65%) VBA
11 1 (0.65%) XAML
Qualifications
1 25 (16.23%) Degree
2 7 (4.55%) PhD
3 4 (2.60%) ISEB
3 4 (2.60%) ISTQB
4 2 (1.30%) ISTQB Foundation Certification
5 1 (0.65%) PMP
Quality Assurance & Compliance
1 9 (5.84%) QA
2 4 (2.60%) EMIR
2 4 (2.60%) FATCA
2 4 (2.60%) MiFID
3 2 (1.30%) SDET
4 1 (0.65%) Data Quality
System Software
1 4 (2.60%) Veritas Cluster Server
2 1 (0.65%) VMware Infrastructure
Systems Management
1 3 (1.95%) Puppet
2 2 (1.30%) HP Quality Center
3 1 (0.65%) ITRS Geneos
3 1 (0.65%) Thomson Reuters DACS
Vendors
1 31 (20.13%) Oracle
2 12 (7.79%) Reuters
2 12 (7.79%) TIBCO
3 11 (7.14%) Currenex
3 11 (7.14%) FXall
4 8 (5.19%) Sybase
5 5 (3.25%) Solace
6 4 (2.60%) Calypso
6 4 (2.60%) IBM
6 4 (2.60%) Sun
6 4 (2.60%) Veritas
7 3 (1.95%) EMC
8 2 (1.30%) Cognizant
8 2 (1.30%) Fidessa
8 2 (1.30%) Infragistics
8 2 (1.30%) Splunk
8 2 (1.30%) Syncfusion
9 1 (0.65%) ION Trading
9 1 (0.65%) Microsoft
9 1 (0.65%) VMware
City, London
Exclusive Recruitment
Rate: Unspecified Generous Daily Rate - Negotiable - DOE
Posted: 3 days ago
London
Cititec Associates Limited
Rate: £750 - £850 per day
Posted: 6 days ago
London
McGregor Boyall
Rate: £800 - £1000 per day
Posted: 3 days ago