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 27 August 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 Aug 2016
Same period 2015 Same period 2014
Ultra-Low Latency
Rank - 657 615
Contract jobs citing Ultra-Low Latency 0 7 20
As % of all contract IT jobs located in the UK - 0.012% 0.035%
As % of the Processes & Methodologies category - 0.015% 0.045%
Number of daily rates quoted 0 6 14
Median daily rate - £700 £575
Median daily rate % change year-on-year
- +21.73%
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
44125 46854 44293
As % of all contract IT jobs located in the UK 82.77% 80.31% 78.50%
Number of daily rates quoted 29124 30464 27427
Median daily rate £438 £425 £405
Median daily rate % change year-on-year
+2.94% +4.93%
90% offered a daily rate of more than £300 £288 £275
10% offered a daily rate of more than £595 £575 £575
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 1091 1262 1199
Median hourly rate £28.50 £31.44 £24.00
Median hourly rate % change year-on-year
-9.35% +31.00%
90% offered a hourly rate of more than £12.50 £12.50 £12.50
10% offered a hourly rate of more than £52.00 £52.17 £50.00
UK excluding London median hourly rate £30.00 £33.00 £26.00
% change year-on-year
-9.09% +26.92%

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 30 Related IT Skills

For the 6 months to 27 August 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 6 (100.00%) Foreign Exchange (FX)
1 6 (100.00%) Low Latency
2 5 (83.33%) Banking
3 4 (66.67%) Electronic Trading
3 4 (66.67%) Front Office
4 3 (50.00%) Finance
4 3 (50.00%) Java
4 3 (50.00%) Multithreading
4 3 (50.00%) Investment Banking
4 3 (50.00%) Code Optimisation
5 2 (33.33%) High-Frequency Trading
5 2 (33.33%) Kdb+
5 2 (33.33%) Fintech
5 2 (33.33%) Splunk
5 2 (33.33%) Data Management
5 2 (33.33%) Algorithmic Trading
5 2 (33.33%) KDB
5 2 (33.33%) ITRS Geneos
5 2 (33.33%) DevOps
5 2 (33.33%) Market Making
5 2 (33.33%) Perl
5 2 (33.33%) Unix
5 2 (33.33%) Python
6 1 (16.67%) Benchmarking
6 1 (16.67%) Fixed Income
6 1 (16.67%) Equities
6 1 (16.67%) LAN
6 1 (16.67%) WAN
6 1 (16.67%) Infrastructure Monitoring
6 1 (16.67%) Hedge funds

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 (16.67%) LAN
1 1 (16.67%) NGN
1 1 (16.67%) WAN
Database & Business Intelligence
1 2 (33.33%) KDB
1 2 (33.33%) Kdb+
General
1 5 (83.33%) Banking
2 4 (66.67%) Front Office
3 3 (50.00%) Finance
3 3 (50.00%) Investment Banking
Job Titles
1 3 (50.00%) Developer
1 3 (50.00%) Electronic Trading Developer
1 3 (50.00%) Electronic Trading Java Developer
1 3 (50.00%) Investment Banking Java Developer
1 3 (50.00%) Java Developer
1 3 (50.00%) Low Latency Java Developer
2 2 (33.33%) Analyst
2 2 (33.33%) Banking Analyst
2 2 (33.33%) FX Support Analyst
2 2 (33.33%) Support Analyst
2 2 (33.33%) Unix Analyst
2 2 (33.33%) Unix Support
2 2 (33.33%) Unix Support Analyst
3 1 (16.67%) Consultant
3 1 (16.67%) Network Consultant
Libraries, Frameworks & Software Standards
1 1 (16.67%) FIX Protocol
Miscellaneous
1 6 (100.00%) Foreign Exchange (FX)
2 2 (33.33%) Fintech
3 1 (16.67%) Equities
3 1 (16.67%) Fixed Income
3 1 (16.67%) Hedge funds
Operating Systems
1 2 (33.33%) Unix
Processes & Methodologies
1 6 (100.00%) Low Latency
2 4 (66.67%) Electronic Trading
3 3 (50.00%) Code Optimisation
3 3 (50.00%) Multithreading
4 2 (33.33%) Algorithmic Trading
4 2 (33.33%) Data Management
4 2 (33.33%) DevOps
4 2 (33.33%) High-Frequency Trading
4 2 (33.33%) Market Making
5 1 (16.67%) Benchmarking
5 1 (16.67%) Infrastructure Monitoring
Programming Languages
1 3 (50.00%) Java
2 2 (33.33%) Perl
2 2 (33.33%) Python
Systems Management
1 2 (33.33%) ITRS Geneos
Vendors
1 2 (33.33%) Splunk