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 24 December 2014 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
24 Dec 2014
Same period 2013 Same period 2012
Algorithmic Trading
Rank 506 494 517
Rank change year-on-year
-12 +23
Contract jobs citing Algorithmic Trading 86 76 44
As % of all contract IT jobs located in the UK 0.16% 0.15% 0.090%
As % of the Processes & Methodologies category 0.21% 0.20% 0.13%
Number of daily rates quoted 70 66 41
Average daily rate
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£650 £575 £600
Average daily rate % change year-on-year
+13.04% -4.16%
90% offered a daily rate of more than £473 £400 £325
10% offered a daily rate of more than £660 £700 £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
40533 37796 34894
As % of all contract IT jobs located in the UK 74.73% 73.83% 71.60%
Number of daily rates quoted 26554 23240 20514
Average daily rate £423 £400 £400
Average daily rate % change year-on-year
+5.62% -
90% offered a daily rate of more than £280 £270 £270
10% offered a daily rate of more than £580 £575 £575
UK excluding London average daily rate £388 £370 £365
% change year-on-year
+4.72% +1.36%
Number of hourly rates quoted 1096 1172 1415
Average hourly rate £24.00 £26.00 £30.00
Average hourly rate % change year-on-year
-7.69% -13.33%
90% offered a hourly rate of more than £11.50 £12.50 £12.50
10% offered a hourly rate of more than £47.50 £45.00 £45.00
UK excluding London average hourly rate £25.00 £27.00 £30.00
% change year-on-year
-7.40% -10.00%

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 24 December 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 8 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 24 December 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 +23 85 £650 +13.04% 12
England -19 85 £650 +13.04% 12
City of London +20 33 £650 +18.18% 5
Scotland - 1 £475 -
East of England - - - -
Cambridgeshire - - - -
Cambridge - - - -
Edinburgh - - - -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 24 December 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.

1 172 (76.44%) Low Latency
2 163 (72.44%) Multithreading
3 155 (68.89%) Foreign Exchange (FX)
4 153 (68.00%) Java
5 125 (55.56%) Front Office
6 85 (37.78%) Banking
7 61 (27.11%) Finance
8 52 (23.11%) Analytical Skills
9 50 (22.22%) SQL
10 49 (21.78%) Linux
11 44 (19.56%) C#
11 44 (19.56%) Investment Banking
12 43 (19.11%) Agile Software Development
13 41 (18.22%) C++
14 40 (17.78%) FIX Protocol
15 39 (17.33%) UNIX
15 39 (17.33%) KDB
16 35 (15.56%) Equities
17 34 (15.11%) Performance Tuning
18 30 (13.33%) Algorithms
19 28 (12.44%) Degree
19 28 (12.44%) Middleware
20 26 (11.56%) VWAP
20 26 (11.56%) TWAP
21 23 (10.22%) Electronic Trading
22 21 (9.33%) Relational Database
23 20 (8.89%) Risk Management
24 19 (8.44%) Computer Science
24 19 (8.44%) Perl
25 18 (8.00%) Mathematics

Algorithmic Trading
Top Related IT Skills by Category

For the 6 months to 24 December 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 7 (3.11%) Oracle Coherence
2 5 (2.22%) TIBCO EMS
Applications
1 1 (0.44%) MS Office
Business Applications
1 2 (0.89%) RMDS
Communications & Networking
1 6 (2.67%) TCP/IP
1 6 (2.67%) Multicast
2 2 (0.89%) Firewall
3 1 (0.44%) DNS
Database & Business Intelligence
1 39 (17.33%) KDB
2 21 (9.33%) Relational Database
3 3 (1.33%) SQL Server
4 2 (0.89%) Big Data
4 2 (0.89%) SQL Server 2012
5 1 (0.44%) DB2
5 1 (0.44%) RDBMS
Development Applications
1 3 (1.33%) Eclipse
2 2 (0.89%) JUnit
2 2 (0.89%) Visual Studio
2 2 (0.89%) Visual Studio Tools for Office
3 1 (0.44%) Subversion
General
1 125 (55.56%) Front Office
2 85 (37.78%) Banking
3 61 (27.11%) Finance
4 44 (19.56%) Investment Banking
5 6 (2.67%) Financial Institution
6 1 (0.44%) Law
6 1 (0.44%) Games
6 1 (0.44%) Back Office
Job Titles
1 161 (71.56%) Developer
2 101 (44.89%) Java Developer
3 19 (8.44%) C# Developer
4 18 (8.00%) C++ Developer
5 15 (6.67%) Senior Developer
6 14 (6.22%) Analyst
7 13 (5.78%) Senior Java Developer
8 8 (3.56%) Support Analyst
9 7 (3.11%) WPF Developer
9 7 (3.11%) UNIX Engineer
10 6 (2.67%) Lead Developer
10 6 (2.67%) Quantitative Developer
10 6 (2.67%) Business Analyst
11 4 (1.78%) Lead Java Developer
12 3 (1.33%) Python Developer
12 3 (1.33%) Banking Business Analyst
12 3 (1.33%) Infrastructure Engineer
13 2 (0.89%) .NET Developer
13 2 (0.89%) IT Business Analyst
13 2 (0.89%) Investment Banking Business Analyst
Libraries, Frameworks & Software Standards
1 40 (17.78%) FIX Protocol
2 28 (12.44%) Middleware
3 13 (5.78%) STL
4 12 (5.33%) WPF
4 12 (5.33%) Boost C++ Libraries
5 11 (4.89%) Spring
6 10 (4.44%) JMS
7 9 (4.00%) Rendezvous
8 7 (3.11%) LINQ
9 5 (2.22%) .NET
10 4 (1.78%) Reactive Extensions
11 3 (1.33%) HTML5
11 3 (1.33%) HTML
12 2 (0.89%) J2SE
12 2 (0.89%) ADO.NET Entity Framework
12 2 (0.89%) Task Parallel Library
12 2 (0.89%) ASP.NET Web API
12 2 (0.89%) .NET Framework
12 2 (0.89%) Java SE
12 2 (0.89%) Silverlight
Miscellaneous
1 155 (68.89%) Foreign Exchange (FX)
2 52 (23.11%) Analytical Skills
3 35 (15.56%) Equities
4 30 (13.33%) Algorithms
5 26 (11.56%) TWAP
5 26 (11.56%) VWAP
6 19 (8.44%) Computer Science
7 18 (8.00%) Mathematics
8 13 (5.78%) Data Structures
9 11 (4.89%) Derivative
10 8 (3.56%) Fixed Income
11 6 (2.67%) Clustering
12 5 (2.22%) Management Information System
12 5 (2.22%) Physics
13 3 (1.33%) Hedge funds
13 3 (1.33%) Equity Derivative
13 3 (1.33%) Credit Derivative
14 2 (0.89%) Visualisation
14 2 (0.89%) Statistical Arbitrage
15 1 (0.44%) Credit Risk
Operating Systems
1 49 (21.78%) Linux
2 39 (17.33%) UNIX
3 13 (5.78%) Windows
4 10 (4.44%) Red Hat Enterprise Linux
5 7 (3.11%) Solaris
6 6 (2.67%) SUSE Linux Enterprise Server
6 6 (2.67%) AIX
6 6 (2.67%) SUSE
7 5 (2.22%) Oracle Linux
8 1 (0.44%) CentOS
Processes & Methodologies
1 172 (76.44%) Low Latency
2 163 (72.44%) Multithreading
3 43 (19.11%) Agile Software Development
4 34 (15.11%) Performance Tuning
5 23 (10.22%) Electronic Trading
6 20 (8.89%) Risk Management
7 15 (6.67%) OO
8 11 (4.89%) E-Commerce
8 11 (4.89%) Software Engineering
9 10 (4.44%) Market Making
10 8 (3.56%) Operations Research
11 7 (3.11%) Financial Modelling
11 7 (3.11%) TDD
11 7 (3.11%) Project Management
11 7 (3.11%) Ultra-Low Latency
12 6 (2.67%) Configuration Management
13 5 (2.22%) ITSM
13 5 (2.22%) Service Management
13 5 (2.22%) ITIL
13 5 (2.22%) Business Development
Programming Languages
1 153 (68.00%) Java
2 50 (22.22%) SQL
3 44 (19.56%) C#
4 41 (18.22%) C++
5 19 (8.44%) Perl
6 15 (6.67%) Python
7 6 (2.67%) Ruby
8 3 (1.33%) C
9 2 (0.89%) C-shell
9 2 (0.89%) T-SQL
9 2 (0.89%) Shell Script
10 1 (0.44%) XAML
10 1 (0.44%) AWK
10 1 (0.44%) VB
10 1 (0.44%) Korn
10 1 (0.44%) PowerShell
10 1 (0.44%) Bash Shell
Qualifications
1 28 (12.44%) Degree
2 5 (2.22%) PhD
Quality Assurance & Compliance
1 2 (0.89%) MiFID
1 2 (0.89%) EMIR
1 2 (0.89%) Dodd-Frank
2 1 (0.44%) QA
System Software
1 6 (2.67%) Veritas Cluster Server
2 2 (0.89%) Firmware
Systems Management
1 6 (2.67%) HP Operations Orchestration
1 6 (2.67%) Puppet
1 6 (2.67%) Opscode Chef
2 1 (0.44%) CFEngine
Vendors
1 16 (7.11%) Oracle
2 11 (4.89%) 29West
3 9 (4.00%) TIBCO
3 9 (4.00%) Informatica
4 7 (3.11%) Veritas
5 6 (2.67%) Red Hat
5 6 (2.67%) HP
5 6 (2.67%) EMC
6 5 (2.22%) Sybase
6 5 (2.22%) IBM
7 4 (1.78%) StreamBase
8 3 (1.33%) Bloomberg
8 3 (1.33%) Infragistics
9 2 (0.89%) ION Trading
9 2 (0.89%) Microsoft
9 2 (0.89%) Cisco
10 1 (0.44%) Sun
10 1 (0.44%) Intel
10 1 (0.44%) Perforce
London
McGregor Boyall
Rate: £80000 - £110000 per annum + or £600pd
Posted: 2 days ago
London
TEKsystems
Rate: £600 - £650 per annum
Posted: 5 days ago