The table below looks at the statistics for Ultra-Low Latency skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Ultra-Low Latency over the 3 months to 30 July 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
30 Jul 2016
Same period 2015 Same period 2014
Ultra-Low Latency
Rank 660 654 613
Rank change year-on-year
-6 -41
Contract jobs citing Ultra-Low Latency 1 9 25
As % of all contract IT jobs located in the UK 0.002% 0.016% 0.046%
As % of the Processes & Methodologies category 0.002% 0.020% 0.058%
Number of daily rates quoted 1 8 18
Median daily rate £500 £700 £550
Median daily rate % change year-on-year
-28.57% +27.27%
UK excluding London median daily rate - £625 £350
% change year-on-year
- +78.57%
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 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
44547 45656 42956
As % of all contract IT jobs located in the UK 82.75% 79.99% 78.49%
Number of daily rates quoted 29462 29606 26622
Median daily rate £438 £413 £400
Median daily rate % change year-on-year
+6.06% +3.12%
90% offered a daily rate of more than £295 £280 £275
10% offered a daily rate of more than £600 £575 £563
UK excluding London median daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 1037 1202 1216
Median hourly rate £29.00 £30.00 £25.00
Median hourly rate % change year-on-year
-3.33% +20.00%
90% offered a hourly rate of more than £12.50 £12.36 £13.00
10% offered a hourly rate of more than £52.16 £52.17 £48.00
UK excluding London median hourly rate £30.00 £30.50 £26.50
% change year-on-year
-1.63% +15.09%

Ultra-Low Latency
Jobs Demand Trend

The demand trend of contract jobs citing Ultra-Low Latency as a proportion of all IT contracts with a match in the Processes & Methodologies category.

Ultra-Low Latency Jobs Demand Trend in the UK

Ultra-Low Latency
Daily Rate Trend

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

Ultra-Low Latency Daily Rate Trend in the UK

Ultra-Low Latency
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 Ultra-Low Latency within the UK over the 3 months to 30 July 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 +49 1 £500 +14.28% 4
England +10 1 £500 -28.57% 8
London -9 1 £500 -28.57% 6

Ultra-Low Latency
Top 30 Related IT Skills

For the 6 months to 30 July 2016, IT contractor jobs citing Ultra-Low Latency 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 Ultra-Low Latency.

1 13 (100.00%) Low Latency
2 12 (92.31%) Foreign Exchange (FX)
3 10 (76.92%) Banking
4 8 (61.54%) Electronic Trading
4 8 (61.54%) Front Office
5 7 (53.85%) Java
6 6 (46.15%) Investment Banking
6 6 (46.15%) Multithreading
6 6 (46.15%) Finance
6 6 (46.15%) Code Optimisation
7 5 (38.46%) Algorithmic Trading
8 4 (30.77%) Data Management
8 4 (30.77%) KDB
8 4 (30.77%) Perl
8 4 (30.77%) Unix
8 4 (30.77%) Python
8 4 (30.77%) Splunk
8 4 (30.77%) ITRS Geneos
8 4 (30.77%) DevOps
8 4 (30.77%) Market Making
8 4 (30.77%) Fintech
9 3 (23.08%) Fixed Income
10 2 (15.38%) E-Commerce
11 1 (7.69%) LAN
11 1 (7.69%) WAN
11 1 (7.69%) Code Coverage
11 1 (7.69%) TIBCO
11 1 (7.69%) Benchmarking
11 1 (7.69%) Equities
11 1 (7.69%) C++

Ultra-Low Latency
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:

Communications & Networking
1 1 (7.69%) LAN
1 1 (7.69%) NGN
1 1 (7.69%) WAN
Database & Business Intelligence
1 4 (30.77%) KDB
General
1 10 (76.92%) Banking
2 8 (61.54%) Front Office
3 6 (46.15%) Finance
3 6 (46.15%) Investment Banking
Job Titles
1 7 (53.85%) Developer
1 7 (53.85%) Java Developer
2 5 (38.46%) Electronic Trading Developer
2 5 (38.46%) Electronic Trading Java Developer
2 5 (38.46%) Investment Banking Java Developer
2 5 (38.46%) Low Latency Java Developer
3 4 (30.77%) Analyst
3 4 (30.77%) Banking Analyst
3 4 (30.77%) FX Support Analyst
3 4 (30.77%) Support Analyst
3 4 (30.77%) Unix Analyst
3 4 (30.77%) Unix Support
3 4 (30.77%) Unix Support Analyst
4 1 (7.69%) Consultant
4 1 (7.69%) Linux/Unix DevOps
4 1 (7.69%) Network Consultant
Libraries, Frameworks & Software Standards
1 1 (7.69%) FIX Protocol
Miscellaneous
1 12 (92.31%) Foreign Exchange (FX)
2 4 (30.77%) Fintech
3 3 (23.08%) Fixed Income
4 1 (7.69%) Equities
4 1 (7.69%) Hedge funds
Operating Systems
1 4 (30.77%) Unix
Processes & Methodologies
1 13 (100.00%) Low Latency
2 8 (61.54%) Electronic Trading
3 6 (46.15%) Code Optimisation
3 6 (46.15%) Multithreading
4 5 (38.46%) Algorithmic Trading
5 4 (30.77%) Data Management
5 4 (30.77%) DevOps
5 4 (30.77%) Market Making
6 2 (15.38%) E-Commerce
7 1 (7.69%) Benchmarking
7 1 (7.69%) Code Coverage
7 1 (7.69%) Infrastructure Monitoring
7 1 (7.69%) Unit Testing
Programming Languages
1 7 (53.85%) Java
2 4 (30.77%) Perl
2 4 (30.77%) Python
3 1 (7.69%) C++
Qualifications
1 1 (7.69%) Degree
Systems Management
1 4 (30.77%) ITRS Geneos
Vendors
1 4 (30.77%) Splunk
2 1 (7.69%) TIBCO
Cambridge, Cambridgeshire
Oho Group Ltd.
Rate: £350 - £450 per annum
Posted: 4 days ago