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 average contractor rates offered in IT contracts that have cited Ultra-Low Latency over the 3 months to 30 January 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
30 Jan 2015
Same period 2014 Same period 2013
Ultra-Low Latency
Rank 551 533 529
Rank change year-on-year
-18 -4
Contract jobs citing Ultra-Low Latency 32 20 10
As % of all contract IT jobs located in the UK 0.063% 0.042% 0.022%
As % of the Processes & Methodologies category 0.083% 0.056% 0.031%
Number of daily rates quoted 32 20 6
Average daily rate
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£650 £700 £750
Average daily rate % change year-on-year
-7.14% -6.66%
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 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
38459 35783 32221
As % of all contract IT jobs located in the UK 75.37% 74.30% 72.18%
Number of daily rates quoted 24687 21730 19119
Average daily rate £423 £400 £400
Average daily rate % change year-on-year
+5.62% -
90% offered a daily rate of more than £285 £275 £275
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £398 £375 £363
% change year-on-year
+6.00% +3.44%
Number of hourly rates quoted 1007 1095 1275
Average hourly rate £25.00 £27.25 £30.00
Average hourly rate % change year-on-year
-8.25% -9.16%
90% offered a hourly rate of more than £12.00 £12.00 £12.00
10% offered a hourly rate of more than £47.15 £47.50 £45.00
UK excluding London average hourly rate £26.00 £27.50 £31.32
% change year-on-year
-5.45% -12.19%

Ultra-Low Latency
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Ultra-Low Latency within the UK as a proportion of the total demand within 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
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Ultra-Low Latency within the UK over the 3 months to 30 January 2015.

Ultra-Low Latency Daily Rate Histogram in the UK

Ultra-Low Latency
Top 5 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Ultra-Low Latency within the UK over the 3 months to 30 January 2015. 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 +7 32 £650 -7.14% 4
England -6 32 £650 -7.14% 4
City of London +20 20 £650 -5.45% 2
Scotland - - - -
Glasgow - - - -

Ultra-Low Latency
Top 30 Related IT Skills

For the 6 months to 30 January 2015, IT contractor jobs within the UK citing Ultra-Low Latency 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 Ultra-Low Latency.

1 67 (100.00%) Low Latency
2 57 (85.07%) Foreign Exchange (FX)
3 54 (80.60%) Front Office
4 52 (77.61%) Java
5 28 (41.79%) Banking
5 28 (41.79%) Multithreading
6 25 (37.31%) Investment Banking
7 21 (31.34%) Electronic Trading
8 18 (26.87%) C++
9 17 (25.37%) UNIX
10 16 (23.88%) E-Commerce
11 15 (22.39%) Migration
12 12 (17.91%) 29West
13 10 (14.93%) FIX Protocol
13 10 (14.93%) TIBCO EMS
13 10 (14.93%) Finance
13 10 (14.93%) JMS
13 10 (14.93%) Linux
13 10 (14.93%) TIBCO
13 10 (14.93%) Rendezvous
14 7 (10.45%) Algorithms
15 6 (8.96%) Hedge funds
15 6 (8.96%) Algorithmic Trading
15 6 (8.96%) Equities
16 5 (7.46%) STL
16 5 (7.46%) C
16 5 (7.46%) Boost C++ Libraries
17 4 (5.97%) Red Hat
18 3 (4.48%) Risk Management
18 3 (4.48%) Telecoms

Ultra-Low Latency
Top Related IT Skills by Category

For the 6 months to 30 January 2015, IT contractor jobs within the UK citing Ultra-Low Latency 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 Ultra-Low Latency. Up to 20 skills are shown per category.

Application Platforms
1 10 (14.93%) TIBCO EMS
2 1 (1.49%) Confluence
Applications
1 1 (1.49%) MS Visio
Business Applications
1 1 (1.49%) RMDS
Communications & Networking
1 3 (4.48%) TCP/IP
1 3 (4.48%) tcpdump
2 2 (2.99%) DNS
3 1 (1.49%) Firewall
3 1 (1.49%) Internet
3 1 (1.49%) Extranet
3 1 (1.49%) OSPF
3 1 (1.49%) BGP
3 1 (1.49%) VPN
3 1 (1.49%) LDAP
3 1 (1.49%) Network Security
3 1 (1.49%) Wireshark
3 1 (1.49%) SSH
3 1 (1.49%) Multicast
Database & Business Intelligence
1 1 (1.49%) MySQL
1 1 (1.49%) KDB
Development Applications
1 1 (1.49%) Subversion
1 1 (1.49%) Git (software)
1 1 (1.49%) JIRA
General
1 54 (80.60%) Front Office
2 28 (41.79%) Banking
3 25 (37.31%) Investment Banking
4 10 (14.93%) Finance
5 3 (4.48%) Telecoms
5 3 (4.48%) Financial Institution
6 1 (1.49%) Games
6 1 (1.49%) Legal
Job Titles
1 38 (56.72%) Developer
2 30 (44.78%) Java Developer
3 15 (22.39%) Architect
4 8 (11.94%) C++ Developer
5 4 (5.97%) Applications Architect
6 3 (4.48%) Senior Developer
7 2 (2.99%) Senior Programmer
7 2 (2.99%) Senior C++ Programmer
7 2 (2.99%) Senior C++ Software Engineer
7 2 (2.99%) Software Programmer
7 2 (2.99%) Software Developer
7 2 (2.99%) Consultant
7 2 (2.99%) Software Engineer
7 2 (2.99%) Programmer
7 2 (2.99%) Support Engineer
7 2 (2.99%) Senior C++ Developer
7 2 (2.99%) Senior Software Engineer
7 2 (2.99%) C++ Software Engineer
7 2 (2.99%) Senior Software Developer
7 2 (2.99%) C++ Programmer
Libraries, Frameworks & Software Standards
1 10 (14.93%) FIX Protocol
1 10 (14.93%) JMS
1 10 (14.93%) Rendezvous
2 5 (7.46%) STL
2 5 (7.46%) Boost C++ Libraries
3 3 (4.48%) Middleware
4 1 (1.49%) .NET
Miscellaneous
1 57 (85.07%) Foreign Exchange (FX)
2 7 (10.45%) Algorithms
3 6 (8.96%) Hedge funds
3 6 (8.96%) Equities
4 3 (4.48%) Derivative
4 3 (4.48%) Credit Derivative
5 2 (2.99%) Fixed Income
6 1 (1.49%) Clustering
6 1 (1.49%) Spread Betting
Operating Systems
1 17 (25.37%) UNIX
2 10 (14.93%) Linux
3 3 (4.48%) Solaris
3 3 (4.48%) Red Hat Enterprise Linux
4 1 (1.49%) SUSE
4 1 (1.49%) Windows
Processes & Methodologies
1 67 (100.00%) Low Latency
2 28 (41.79%) Multithreading
3 21 (31.34%) Electronic Trading
4 16 (23.88%) E-Commerce
5 15 (22.39%) Migration
6 6 (8.96%) Algorithmic Trading
7 3 (4.48%) Risk Management
7 3 (4.48%) Investment Management
7 3 (4.48%) Mentoring
7 3 (4.48%) Performance Tuning
8 2 (2.99%) Market Making
8 2 (2.99%) Software Engineering
8 2 (2.99%) Capacity Planning
9 1 (1.49%) Agile Software Development
9 1 (1.49%) Risk Assessment
9 1 (1.49%) Performance Testing
9 1 (1.49%) Load Balancing
9 1 (1.49%) Performance Analysis
9 1 (1.49%) DevOps
Programming Languages
1 52 (77.61%) Java
2 18 (26.87%) C++
3 5 (7.46%) C
4 3 (4.48%) Shell Script
4 3 (4.48%) Perl
4 3 (4.48%) Bash Shell
5 2 (2.99%) SQL
6 1 (1.49%) Tcl
6 1 (1.49%) C#
Qualifications
1 1 (1.49%) CCNP
1 1 (1.49%) CCNA
1 1 (1.49%) Cisco Certification
1 1 (1.49%) Check Point Certification
1 1 (1.49%) SC Cleared
1 1 (1.49%) Security Cleared
1 1 (1.49%) CCSE
Quality Assurance & Compliance
1 2 (2.99%) ISO/IEC 27001
Systems Management
1 1 (1.49%) ITRS Geneos
1 1 (1.49%) Puppet
Vendors
1 12 (17.91%) 29West
2 10 (14.93%) TIBCO
3 4 (5.97%) Red Hat
4 2 (2.99%) Cognizant
5 1 (1.49%) Blue Coat
5 1 (1.49%) Cisco
5 1 (1.49%) Juniper
5 1 (1.49%) CheckPoint
5 1 (1.49%) Oracle
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