Java Developer - Algorithmic Trading Contracts

Java Developer - Algo Trading
UK

The median Java Developer - Algo Trading daily rate in the UK is £1,125 according to job vacancies posted during the 6 months to 24 April 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
24 Apr 2024
Same period 2023 Same period 2022
Rank 579 709 843
Rank change year-on-year +130 +134 -167
Contract jobs requiring a Java Developer - Algorithmic Trading 3 3 12
As % of all contract jobs advertised in the UK 0.007% 0.005% 0.013%
As % of the Job Titles category 0.007% 0.005% 0.014%
Number of daily rates quoted 3 3 11
10th Percentile £868 - -
25th Percentile £950 £1,425 £775
Median daily rate (50th Percentile) £1,125 £1,450 £800
Median % change year-on-year -22.41% +81.25% -
75th Percentile £1,163 £1,475 £869
90th Percentile - - £900
UK excluding London median daily rate - - -

All Contract IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

Contract vacancies in the UK with a recognized job title 40,476 56,906 85,219
% of contract IT jobs with a recognized job title 92.76% 94.58% 95.49%
Number of daily rates quoted 26,420 39,710 59,771
10th Percentile £275 £313 £313
25th Percentile £409 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +10.53%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £725
UK excluding London median daily rate £493 £500 £475
% change year-on-year -1.40% +5.26% +11.76%
Number of hourly rates quoted 2,641 1,614 2,118
10th Percentile £12.86 £14.36 £12.50
25th Percentile £16.30 £19.50 £15.50
Median hourly rate £35.50 £45.00 £23.00
Median % change year-on-year -21.11% +95.65% +1.41%
75th Percentile £60.00 £65.75 £48.75
90th Percentile £72.50 £75.92 £63.00
UK excluding London median hourly rate £37.50 £42.50 £19.50
% change year-on-year -11.76% +117.95% +2.63%

Java Developer - Algorithmic Trading
Job Vacancy Trend

Job postings that featured Java Developer - Algorithmic Trading in the job title as a proportion of all IT jobs advertised.

Job vacancy trend for Java Developer - Algorithmic Trading in the UK

Java Developer - Algorithmic Trading
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Java Developer - Algorithmic Trading.

Daily rate trend for Java Developer - Algorithmic Trading in the UK

Java Developer - Algorithmic Trading
Daily Rate Histogram

Daily rate distribution for jobs citing Java Developer - Algorithmic Trading over the 6 months to 24 April 2024.

Daily rate histogram for Java Developer - Algorithmic Trading in the UK

Java Developer - Algorithmic Trading
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Java Developer - Algorithmic Trading within the UK over the 6 months to 24 April 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +124 3 £1,125 -22.41% 2
London +103 3 £1,125 -22.41% 2

Java Developer - Algorithmic Trading Skill Set
Top 16 Co-occurring Skills and Capabilities

For the 6 months to 24 April 2024, Java Developer - Algorithmic Trading contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Java Developer - Algorithmic Trading in the job title.

1 3 (100.00%) Java
1 3 (100.00%) Algorithmic Trading
2 2 (66.67%) Problem-Solving
2 2 (66.67%) SDLC
2 2 (66.67%) Banking
2 2 (66.67%) Investment Banking
3 1 (33.33%) Mathematics
3 1 (33.33%) Computer Science
3 1 (33.33%) Electronic Trading
3 1 (33.33%) Low Latency
3 1 (33.33%) Agile
3 1 (33.33%) Foreign Exchange (FX)
3 1 (33.33%) Front Office
3 1 (33.33%) Finance
3 1 (33.33%) Fixed Income
3 1 (33.33%) Social Skills

Java Developer - Algorithmic Trading Skill Set
Co-occurring Skills and Capabilities by Category

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

General
1 2 (66.67%) Banking
1 2 (66.67%) Investment Banking
2 1 (33.33%) Finance
2 1 (33.33%) Front Office
2 1 (33.33%) Social Skills
Miscellaneous
1 1 (33.33%) Fixed Income
1 1 (33.33%) Foreign Exchange (FX)
Processes & Methodologies
1 3 (100.00%) Algorithmic Trading
2 2 (66.67%) Problem-Solving
2 2 (66.67%) SDLC
3 1 (33.33%) Agile
3 1 (33.33%) Computer Science
3 1 (33.33%) Electronic Trading
3 1 (33.33%) Low Latency
3 1 (33.33%) Mathematics
Programming Languages
1 3 (100.00%) Java