The table below looks at the prevalence of the term Statistical Arbitrage in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Statistical Arbitrage over the 3 months to 22 May 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
22 May 2015
Same period 2014 Same period 2013
Statistical Arbitrage
Rank - - -
Contract jobs citing Statistical Arbitrage 0 0 0
As % of all contract IT jobs located in the UK - - -
As % of the Miscellaneous category - - -
Number of daily rates quoted 0 0 0
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
- - -
UK excluding London average daily rate - - -
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 Miscellaneous category in contract jobs advertised across the UK.

Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
16501 16144 14914
As % of all contract IT jobs located in the UK 30.46% 30.67% 31.64%
Number of daily rates quoted 10228 10089 8893
Average daily rate £415 £410 £425
Average daily rate % change year-on-year
+1.21% -3.52%
90% offered a daily rate of more than £250 £230 £243
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 660 645 613
Average hourly rate £18.70 £21.00 £22.50
Average hourly rate % change year-on-year
-10.95% -6.66%
90% offered a hourly rate of more than £11.50 £11.92 £12.50
10% offered a hourly rate of more than £45.00 £42.50 £45.00
UK excluding London average hourly rate £19.00 £22.50 £21.83
% change year-on-year
-15.55% +3.06%

Statistical Arbitrage
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Statistical Arbitrage within the UK as a proportion of the total demand within the Miscellaneous category.

Statistical Arbitrage Jobs Demand Trend in the UK

Statistical Arbitrage
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Statistical Arbitrage within the UK.

Statistical Arbitrage Daily Rate Trend in the UK

Statistical Arbitrage
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Statistical Arbitrage within the UK.

Statistical Arbitrage Hourly Rate Trend in the UK

Statistical Arbitrage
Top 20 Related IT Skills

For the 6 months to 22 May 2015, IT contractor jobs within the UK citing Statistical Arbitrage 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 Statistical Arbitrage.

1 1 (100.00%) C++
1 1 (100.00%) Java
1 1 (100.00%) OO
1 1 (100.00%) Python
1 1 (100.00%) Data Mining
1 1 (100.00%) Front Office
1 1 (100.00%) Finance
1 1 (100.00%) Artificial Intelligence
1 1 (100.00%) Software Engineering
1 1 (100.00%) Field-Programmable Gate Array
1 1 (100.00%) Multithreading
1 1 (100.00%) Electronic Trading
1 1 (100.00%) Investment Management
1 1 (100.00%) Boost C++ Libraries
1 1 (100.00%) Hedge funds
1 1 (100.00%) Signal Processing
1 1 (100.00%) Machine Learning
1 1 (100.00%) Low Latency
1 1 (100.00%) Market Making
1 1 (100.00%) Systematic Trading

Statistical Arbitrage
Top Related IT Skills by Category

For the 6 months to 22 May 2015, IT contractor jobs within the UK citing Statistical Arbitrage 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 Statistical Arbitrage. Up to 20 skills are shown per category.

Database & Business Intelligence
1 1 (100.00%) Data Mining
General
1 1 (100.00%) Front Office
1 1 (100.00%) Finance
Job Titles
1 1 (100.00%) Software Developer
1 1 (100.00%) Software Engineer
1 1 (100.00%) Developer
Libraries, Frameworks & Software Standards
1 1 (100.00%) Boost C++ Libraries
Miscellaneous
1 1 (100.00%) Artificial Intelligence
1 1 (100.00%) Field-Programmable Gate Array
1 1 (100.00%) Hedge funds
Processes & Methodologies
1 1 (100.00%) OO
1 1 (100.00%) Software Engineering
1 1 (100.00%) Multithreading
1 1 (100.00%) Electronic Trading
1 1 (100.00%) Investment Management
1 1 (100.00%) Signal Processing
1 1 (100.00%) Machine Learning
1 1 (100.00%) Low Latency
1 1 (100.00%) Market Making
1 1 (100.00%) Systematic Trading
Programming Languages
1 1 (100.00%) C++
1 1 (100.00%) Java
1 1 (100.00%) Python