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 8 February 2016 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
8 Feb 2016
Same period 2015 Same period 2014
Algo Trading
Rank 509 549 519
Rank change year-on-year
+40 -30
Contract jobs citing Algorithmic Trading 119 60 63
As % of all contract IT jobs located in the UK 0.23% 0.12% 0.13%
As % of the Processes & Methodologies category 0.28% 0.15% 0.17%
Number of daily rates quoted 100 48 48
Average daily rate £631 £606 £588
Average daily rate % change year-on-year
+4.12% +3.19%
90% offered a daily rate of more than £545 £400 £475
10% offered a daily rate of more than £700 £675 £675
UK excluding London average daily rate £600 £475 -
% change year-on-year
+26.31% -
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
41761 40034 37146
As % of all contract IT jobs located in the UK 81.19% 77.60% 76.48%
Number of daily rates quoted 27350 25609 22516
Average daily rate £425 £422 £400
Average daily rate % change year-on-year
+0.71% +5.50%
90% offered a daily rate of more than £298 £285 £270
10% offered a daily rate of more than £600 £575 £575
UK excluding London average daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 1211 1053 1129
Average hourly rate £39.27 £26.00 £27.50
Average hourly rate % change year-on-year
+51.03% -5.45%
90% offered a hourly rate of more than £13.00 £12.00 £12.50
10% offered a hourly rate of more than £57.00 £46.50 £52.40
UK excluding London average hourly rate £40.00 £27.50 £27.50
% change year-on-year
+45.45% -

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 8 February 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 4 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 8 February 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
(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 +68 116 £650 +5.05% 38
England +47 116 £650 +5.05% 39
City of London +53 19 £675 +5.46% 14
Docklands, London - 1 £475 -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 8 February 2016, 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.

1 122 (53.04%) Low Latency
2 112 (48.70%) Front Office
3 106 (46.09%) Banking
4 103 (44.78%) Foreign Exchange (FX)
5 102 (44.35%) Java
6 84 (36.52%) Finance
7 74 (32.17%) Investment Banking
8 66 (28.70%) Equities
9 60 (26.09%) Multithreading
10 58 (25.22%) Market Making
11 52 (22.61%) C++
12 51 (22.17%) Linux
13 48 (20.87%) KDB
14 47 (20.43%) Software Engineering
15 37 (16.09%) C#
16 35 (15.22%) Electronic Trading
17 33 (14.35%) Analytical Skills
17 33 (14.35%) Agile Software Development
18 32 (13.91%) FIX Protocol
19 28 (12.17%) Python
19 28 (12.17%) MiFID
19 28 (12.17%) Scala
20 27 (11.74%) VTune
20 27 (11.74%) Analytics
20 27 (11.74%) PhD
20 27 (11.74%) Solaris
21 26 (11.30%) Data Structures
22 25 (10.87%) Algorithms
22 25 (10.87%) Open Source
22 25 (10.87%) NoSQL

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 8 February 2016, 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 2 (0.87%) Oracle Coherence
2 1 (0.43%) Confluence
Applications
1 3 (1.30%) MS Excel
Business Applications
1 19 (8.26%) Summit
Cloud Services
1 1 (0.43%) Amazon AWS
1 1 (0.43%) IaaS
1 1 (0.43%) PaaS
Communications & Networking
1 7 (3.04%) TCP/IP
2 2 (0.87%) Multicast
3 1 (0.43%) Firewall
3 1 (0.43%) Unicast
Database & Business Intelligence
1 48 (20.87%) KDB
2 25 (10.87%) NoSQL
2 25 (10.87%) SQL Server
3 14 (6.09%) Relational Database
4 3 (1.30%) Tick Data
5 2 (0.87%) DTS
5 2 (0.87%) SQL Server 2000
5 2 (0.87%) SQL Server 2005
5 2 (0.87%) SQL Server 2008
5 2 (0.87%) SQL Server 2012
5 2 (0.87%) SQL Server Integration Services
6 1 (0.43%) Big Data
Development Applications
1 27 (11.74%) VTune
2 9 (3.91%) GDB
3 8 (3.48%) HP UFT
3 8 (3.48%) Selenium
4 6 (2.61%) Eclipse
5 2 (0.87%) Jenkins
6 1 (0.43%) Git (software)
6 1 (0.43%) JIRA
6 1 (0.43%) JUnit
General
1 112 (48.70%) Front Office
2 106 (46.09%) Banking
3 84 (36.52%) Finance
4 74 (32.17%) Investment Banking
5 20 (8.70%) Back Office
6 3 (1.30%) Legal
7 1 (0.43%) Games
Job Titles
1 120 (52.17%) Developer
2 56 (24.35%) Analyst
3 51 (22.17%) Java Developer
4 37 (16.09%) Business Analyst
5 32 (13.91%) Banking Analyst
5 32 (13.91%) Software Engineer
6 31 (13.48%) Java Engineer
6 31 (13.48%) Java Software Engineer
7 30 (13.04%) C# Developer
8 20 (8.70%) C++ Developer
9 19 (8.26%) Investment Banking Business Analyst
9 19 (8.26%) Senior Developer
10 18 (7.83%) Senior Java Developer
11 17 (7.39%) Report Analyst
12 16 (6.96%) Regulatory Business Analyst
12 16 (6.96%) Regulatory Reporting Business Analyst
13 15 (6.52%) Support Analyst
14 10 (4.35%) Unix Analyst
15 9 (3.91%) Unix Support
15 9 (3.91%) Unix Support Analyst
Libraries, Frameworks & Software Standards
1 32 (13.91%) FIX Protocol
2 24 (10.43%) WPF
3 21 (9.13%) .NET
4 17 (7.39%) WinForms
5 8 (3.48%) J2SE
5 8 (3.48%) MSMQ
6 6 (2.61%) JMX
7 3 (1.30%) Ultra Messaging
7 3 (1.30%) XML
8 2 (0.87%) HTML
8 2 (0.87%) HTML5
8 2 (0.87%) NumPy
8 2 (0.87%) Pandas
8 2 (0.87%) SciPy
9 1 (0.43%) Akka
9 1 (0.43%) AngularJS
9 1 (0.43%) Middleware
9 1 (0.43%) Protocol Buffers
9 1 (0.43%) Swing
9 1 (0.43%) Web Services
Miscellaneous
1 103 (44.78%) Foreign Exchange (FX)
2 66 (28.70%) Equities
3 33 (14.35%) Analytical Skills
4 26 (11.30%) Data Structures
5 25 (10.87%) Algorithms
6 23 (10.00%) Hedge funds
7 21 (9.13%) Market Risk
8 20 (8.70%) Derivative
9 19 (8.26%) Fintech
10 17 (7.39%) Computer Science
11 12 (5.22%) Equity Derivative
12 10 (4.35%) Fixed Income
13 8 (3.48%) Mathematics
14 6 (2.61%) User Experience
14 6 (2.61%) Visualisation
15 3 (1.30%) Applied Mathematics
15 3 (1.30%) N-Tier
16 2 (0.87%) Clustering
16 2 (0.87%) Replication
17 1 (0.43%) Online Games
Operating Systems
1 51 (22.17%) Linux
2 27 (11.74%) Solaris
3 22 (9.57%) Unix
4 15 (6.52%) Windows
5 2 (0.87%) Red Hat Enterprise Linux
5 2 (0.87%) Windows Server
5 2 (0.87%) Windows Server 2008
5 2 (0.87%) Windows Server 2012
6 1 (0.43%) SUSE
6 1 (0.43%) SUSE Linux Enterprise Server
Processes & Methodologies
1 122 (53.04%) Low Latency
2 60 (26.09%) Multithreading
3 58 (25.22%) Market Making
4 47 (20.43%) Software Engineering
5 35 (15.22%) Electronic Trading
6 33 (14.35%) Agile Software Development
7 27 (11.74%) Analytics
8 25 (10.87%) Open Source
9 20 (8.70%) Performance Tuning
10 19 (8.26%) Data Management
10 19 (8.26%) Risk Management
11 17 (7.39%) Performance Optimisation
12 16 (6.96%) FX Algorithmic Trading
13 14 (6.09%) Garbage Collection
14 12 (5.22%) High Availability
15 11 (4.78%) Ultra-Low Latency
16 10 (4.35%) DevOps
16 10 (4.35%) Migration
16 10 (4.35%) Release Management
17 9 (3.91%) Business Analysis
Programming Languages
1 102 (44.35%) Java
2 52 (22.61%) C++
3 37 (16.09%) C#
4 28 (12.17%) Python
4 28 (12.17%) Scala
5 25 (10.87%) SQL
6 23 (10.00%) Perl
7 12 (5.22%) Bash Shell
8 7 (3.04%) C
9 3 (1.30%) PowerShell
10 2 (0.87%) Shell Script
10 2 (0.87%) T-SQL
10 2 (0.87%) VBScript
11 1 (0.43%) JavaScript
Qualifications
1 27 (11.74%) PhD
2 20 (8.70%) Degree
3 8 (3.48%) ISEB
3 8 (3.48%) ISTQB
Quality Assurance & Compliance
1 28 (12.17%) MiFID
2 19 (8.26%) AIFMD
2 19 (8.26%) EMIR
3 13 (5.65%) QA
System Software
1 24 (10.43%) Apache ZooKeeper
2 2 (0.87%) Hyper-V
3 1 (0.43%) Docker
Systems Management
1 9 (3.91%) ITRS Geneos
2 2 (0.87%) Tivoli
3 1 (0.43%) Ansible
3 1 (0.43%) Puppet
Vendors
1 20 (8.70%) Sybase
2 19 (8.26%) Calypso
2 19 (8.26%) Murex
3 15 (6.52%) Oracle
4 9 (3.91%) Splunk
5 8 (3.48%) Fidessa
6 4 (1.74%) TIBCO
7 2 (0.87%) Bloomberg
7 2 (0.87%) Microsoft
7 2 (0.87%) Red Hat
8 1 (0.43%) BT
8 1 (0.43%) Charles River
8 1 (0.43%) DataSynapse
8 1 (0.43%) Infragistics
8 1 (0.43%) Perforce
8 1 (0.43%) Radianz
London
Montash
Rate: £550 - £650 per day
Posted: 13 hours ago
City, London
TEKsystems
Rate: £700 - £750 per day
Posted: 15 hours ago
City, London
McGregor Boyall
Rate: £450 - £550 per day
Posted: 4 days ago
City of London
Huxley
Rate: £750 - £850 per day
Posted: 26 days ago