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 1 September 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
1 Sep 2015
Same period 2014 Same period 2013
Algo Trading
Rank 525 493 490
Rank change year-on-year
-32 -3
Contract jobs citing Algorithmic Trading 100 123 102
As % of all contract IT jobs located in the UK 0.17% 0.22% 0.19%
As % of the Processes & Methodologies category 0.22% 0.29% 0.26%
Number of daily rates quoted 83 112 80
Average daily rate
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£650 £650 £600
Average daily rate % change year-on-year
- +8.33%
90% offered a daily rate of more than £425 £475 £450
10% offered a daily rate of more than £750 £700 £700
UK excluding London average daily rate £450 £375 -
% change year-on-year
+20.00% -
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
46308 43027 39494
As % of all contract IT jobs located in the UK 78.00% 76.06% 74.94%
Number of daily rates quoted 30197 26668 24243
Average daily rate £425 £410 £400
Average daily rate % change year-on-year
+3.65% +2.50%
90% offered a daily rate of more than £288 £275 £275
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £400 £375 £370
% change year-on-year
+6.66% +1.35%
Number of hourly rates quoted 1250 1176 1099
Average hourly rate £31.44 £24.00 £29.00
Average hourly rate % change year-on-year
+31.00% -17.24%
90% offered a hourly rate of more than £12.50 £12.50 £12.50
10% offered a hourly rate of more than £51.30 £50.00 £50.00
UK excluding London average hourly rate £32.52 £25.75 £30.50
% change year-on-year
+26.29% -15.57%

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 1 September 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 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 1 September 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 -20 95 £650 - 42
England -30 95 £650 - 43
City of London -6 34 £725 +11.53% 20
Scotland -11 4 £425 +13.33% 2
Glasgow -2 1 - -
Edinburgh - 1 £475 - 2

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 1 September 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.

1 110 (54.19%) Low Latency
2 103 (50.74%) Foreign Exchange (FX)
3 80 (39.41%) Front Office
4 75 (36.95%) Java
5 73 (35.96%) Equities
6 71 (34.98%) Multithreading
7 70 (34.48%) Banking
7 70 (34.48%) Linux
8 67 (33.00%) Finance
9 64 (31.53%) FIX Protocol
10 62 (30.54%) C++
11 47 (23.15%) UNIX
12 46 (22.66%) Investment Banking
13 43 (21.18%) Algorithms
14 36 (17.73%) SQL
15 33 (16.26%) C#
16 32 (15.76%) Agile Software Development
17 31 (15.27%) Market Making
17 31 (15.27%) Electronic Trading
18 30 (14.78%) Derivative
19 28 (13.79%) KDB
20 25 (12.32%) FX Algorithmic Trading
21 23 (11.33%) Fixed Income
21 23 (11.33%) Software Engineering
21 23 (11.33%) Python
22 22 (10.84%) WPF
23 21 (10.34%) Perl
23 21 (10.34%) Risk Management
24 19 (9.36%) Degree
24 19 (9.36%) Data Structures

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 1 September 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.

Applications
1 1 (0.49%) MS Excel
Business Applications
1 5 (2.46%) Summit
2 1 (0.49%) Kondor+
Cloud Services
1 1 (0.49%) Amazon AWS
1 1 (0.49%) IaaS
Communications & Networking
1 6 (2.96%) TCP/IP
2 4 (1.97%) Multicast
3 1 (0.49%) DHCP
3 1 (0.49%) HTTP
3 1 (0.49%) DNS
3 1 (0.49%) SAN
3 1 (0.49%) Internet
3 1 (0.49%) iSCSI
3 1 (0.49%) NAS
Database & Business Intelligence
1 28 (13.79%) KDB
2 10 (4.93%) SQL Server
3 4 (1.97%) NoSQL
4 1 (0.49%) Big Data
Development Applications
1 5 (2.46%) Eclipse
1 5 (2.46%) Subversion
2 4 (1.97%) Jenkins
3 3 (1.48%) Maven
4 1 (0.49%) Git (software)
4 1 (0.49%) Rhino Mocks
4 1 (0.49%) NMock
General
1 80 (39.41%) Front Office
2 70 (34.48%) Banking
3 67 (33.00%) Finance
4 46 (22.66%) Investment Banking
5 8 (3.94%) Financial Institution
6 5 (2.46%) Back Office
7 1 (0.49%) Advertising
7 1 (0.49%) Games
7 1 (0.49%) Retail Banking
7 1 (0.49%) Corporate Banking
7 1 (0.49%) Retail
Job Titles
1 143 (70.44%) Developer
2 58 (28.57%) Java Developer
3 44 (21.67%) C++ Developer
4 40 (19.70%) Analyst
5 30 (14.78%) Senior Developer
6 23 (11.33%) C# Developer
6 23 (11.33%) Senior Java Developer
7 21 (10.34%) Support Analyst
8 14 (6.90%) Business Analyst
9 12 (5.91%) Applications Support
10 9 (4.43%) Applications Support Analyst
11 8 (3.94%) Investment Banking Business Analyst
11 8 (3.94%) FIX Analyst
12 7 (3.45%) WPF Developer
13 6 (2.96%) Banking Business Analyst
14 4 (1.97%) Banking Analyst
14 4 (1.97%) Business Consultant
14 4 (1.97%) Junior
14 4 (1.97%) Consultant
14 4 (1.97%) Senior WPF Developer
Libraries, Frameworks & Software Standards
1 64 (31.53%) FIX Protocol
2 22 (10.84%) WPF
3 16 (7.88%) J2SE
4 14 (6.90%) Middleware
5 13 (6.40%) .NET
6 7 (3.45%) STL
6 7 (3.45%) WinForms
6 7 (3.45%) Boost C++ Libraries
7 5 (2.46%) Spring
8 4 (1.97%) HTML5
8 4 (1.97%) HTML
8 4 (1.97%) LINQ
8 4 (1.97%) Reactive Extensions
8 4 (1.97%) AngularJS
9 2 (0.99%) Pandas
9 2 (0.99%) SciPy
9 2 (0.99%) NumPy
9 2 (0.99%) WCF
9 2 (0.99%) J2EE
10 1 (0.49%) Web Services
Miscellaneous
1 103 (50.74%) Foreign Exchange (FX)
2 73 (35.96%) Equities
3 43 (21.18%) Algorithms
4 30 (14.78%) Derivative
5 23 (11.33%) Fixed Income
6 19 (9.36%) Data Structures
7 18 (8.87%) Analytical Skills
8 17 (8.37%) Hedge funds
9 16 (7.88%) Mathematics
10 13 (6.40%) Equity Derivative
11 10 (4.93%) Computer Science
12 6 (2.96%) Physics
13 5 (2.46%) Field-Programmable Gate Array
14 4 (1.97%) VWAP
14 4 (1.97%) TWAP
14 4 (1.97%) Market Risk
15 3 (1.48%) N-Tier
15 3 (1.48%) Clustering
15 3 (1.48%) Management Information System
16 2 (0.99%) Tandem
Operating Systems
1 70 (34.48%) Linux
2 47 (23.15%) UNIX
3 12 (5.91%) Windows
4 5 (2.46%) Red Hat Enterprise Linux
5 3 (1.48%) SUSE
5 3 (1.48%) AIX
5 3 (1.48%) Solaris
5 3 (1.48%) Oracle Linux
5 3 (1.48%) SUSE Linux Enterprise Server
6 1 (0.49%) Windows Server 2012
6 1 (0.49%) Windows Server 2008
6 1 (0.49%) Windows 7
Processes & Methodologies
1 110 (54.19%) Low Latency
2 71 (34.98%) Multithreading
3 32 (15.76%) Agile Software Development
4 31 (15.27%) Electronic Trading
4 31 (15.27%) Market Making
5 25 (12.32%) FX Algorithmic Trading
6 23 (11.33%) Software Engineering
7 21 (10.34%) Risk Management
8 17 (8.37%) TDD
9 13 (6.40%) OO
10 8 (3.94%) Operations Research
10 8 (3.94%) Analytics
11 7 (3.45%) Performance Tuning
11 7 (3.45%) Financial Modelling
11 7 (3.45%) Project Management
12 6 (2.96%) Stakeholder Engagement
12 6 (2.96%) Performance Analysis
12 6 (2.96%) Garbage Collection
13 5 (2.46%) Open Source
13 5 (2.46%) Continuous Integration
Programming Languages
1 75 (36.95%) Java
2 62 (30.54%) C++
3 36 (17.73%) SQL
4 33 (16.26%) C#
5 23 (11.33%) Python
6 21 (10.34%) Perl
7 11 (5.42%) Shell Script
8 8 (3.94%) C
9 7 (3.45%) PowerShell
10 6 (2.96%) JavaScript
11 3 (1.48%) Bash Shell
11 3 (1.48%) Ruby
12 1 (0.49%) Tcl
12 1 (0.49%) Scala
12 1 (0.49%) PL/SQL
12 1 (0.49%) VBScript
12 1 (0.49%) VB
Qualifications
1 19 (9.36%) Degree
2 11 (5.42%) PhD
Quality Assurance & Compliance
1 6 (2.96%) MiFID
2 4 (1.97%) EMIR
2 4 (1.97%) AIFMD
3 1 (0.49%) QA
System Software
1 6 (2.96%) Active Directory
2 3 (1.48%) Veritas Cluster Server
3 1 (0.49%) Docker
3 1 (0.49%) VMware ESX
3 1 (0.49%) VMware Infrastructure
3 1 (0.49%) NFS
Systems Management
1 4 (1.97%) Puppet
2 3 (1.48%) Opscode Chef
2 3 (1.48%) Tivoli
2 3 (1.48%) HP Operations Orchestration
3 1 (0.49%) WMI
3 1 (0.49%) Ansible
Vendors
1 9 (4.43%) Sybase
2 8 (3.94%) Oracle
3 7 (3.45%) Fidessa
4 5 (2.46%) Murex
4 5 (2.46%) Calypso
4 5 (2.46%) Red Hat
5 3 (1.48%) Veritas
5 3 (1.48%) HP
5 3 (1.48%) EMC
5 3 (1.48%) Bloomberg
6 2 (0.99%) Charles River
6 2 (0.99%) Infragistics
6 2 (0.99%) Perforce
7 1 (0.49%) VMware
7 1 (0.49%) Portware
7 1 (0.49%) 3PAR
7 1 (0.49%) Solace
7 1 (0.49%) Cognizant
7 1 (0.49%) Microsoft
7 1 (0.49%) Reuters
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