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 contractor rates offered in IT contracts that have cited Statistical Arbitrage over the 3 months to 27 June 2016 with a comparison to the same period over 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.

3 months to
27 Jun 2016
Same period 2015 Same period 2014
Statistical Arbitrage
Rank 647 - -
Rank change year-on-year
- 0
Contract jobs citing Statistical Arbitrage 1 0 0
As % of all contract IT jobs located in the UK 0.002% - -
As % of the Miscellaneous category 0.006% - -
Number of daily rates quoted 1 0 0
Median daily rate £630 - -
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
17973 17628 17417
As % of all contract IT jobs located in the UK 33.29% 31.97% 32.37%
Number of daily rates quoted 11641 10994 10677
Median daily rate £425 £420 £400
Median daily rate % change year-on-year
+1.19% +5.00%
90% offered a daily rate of more than £255 £250 £231
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £390 £375 £350
% change year-on-year
+4.00% +7.14%
Number of hourly rates quoted 631 656 707
Median hourly rate £22.25 £19.00 £20.50
Median hourly rate % change year-on-year
+17.10% -7.31%
90% offered a hourly rate of more than £12.50 £12.25 £12.50
10% offered a hourly rate of more than £47.00 £45.00 £42.50
UK excluding London median hourly rate £23.00 £18.47 £21.00
% change year-on-year
+24.52% -12.04%

Statistical Arbitrage
Jobs Demand Trend

The demand trend of contract jobs citing Statistical Arbitrage as a proportion of all IT contracts with a match in 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 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Statistical Arbitrage within the UK over the 3 months to 27 June 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London - 1 £630 -
London - 1 £630 -
England - 1 £630 -

Statistical Arbitrage
Top 5 Related IT Skills

For the 6 months to 27 June 2016, IT contractor jobs citing Statistical Arbitrage also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Statistical Arbitrage.

1 1 (100.00%) SQL
1 1 (100.00%) Unix
1 1 (100.00%) Equities
1 1 (100.00%) Electronic Trading
1 1 (100.00%) Market Making

Statistical Arbitrage
Top Related IT Skills by Category

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

Job Titles
1 1 (100.00%) Analyst
1 1 (100.00%) Business Analyst
1 1 (100.00%) Investment Banking Business Analyst
1 1 (100.00%) Risk Analyst
1 1 (100.00%) Risk Business Analyst
Miscellaneous
1 1 (100.00%) Equities
Operating Systems
1 1 (100.00%) Unix
Processes & Methodologies
1 1 (100.00%) Electronic Trading
1 1 (100.00%) Market Making
Programming Languages
1 1 (100.00%) SQL