Low Latency Contracts with Work from Home Options

Low Latency
UK > Work from Home

The table below provides summary statistics for contract job vacancies with an option to work from home (WFH) and a requirement for Low Latency skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Low Latency over the 6 months to 7 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
7 May 2024
Same period 2023 Same period 2022
Rank 275 258 432
Rank change year-on-year -17 +174 -83
Contract jobs citing Low Latency 66 219 194
As % of all contract jobs with a WFH option 0.44% 0.87% 0.44%
As % of the Processes & Methodologies category 0.50% 0.97% 0.48%
Number of daily rates quoted 54 188 141
10th Percentile £565 £484 £463
25th Percentile £605 £659 £540
Median daily rate (50th Percentile) £751 £750 £700
Median % change year-on-year +0.07% +7.14% +7.69%
75th Percentile £900 £863 £800
90th Percentile £1,235 £975 £875
UK median daily rate £750 £750 £750
% change year-on-year - - +11.11%
Number of hourly rates quoted 1 0 0
Median hourly rate £83.00 - -
UK median hourly rate £83.00 - £49.54

All Process and Methodology Skills
Work from Home

Low Latency is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a WFH option and a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 13,215 22,550 40,272
As % of all contract jobs with a WFH option 87.97% 89.75% 91.08%
Number of daily rates quoted 8,849 15,929 29,247
10th Percentile £325 £363 £362
25th Percentile £425 £450 £431
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +7.69%
75th Percentile £638 £650 £630
90th Percentile £750 £750 £725
UK median daily rate £525 £550 £530
% change year-on-year -4.55% +3.77% +8.72%
Number of hourly rates quoted 572 522 532
10th Percentile £15.02 £18.63 £13.75
25th Percentile £25.38 £30.00 £20.00
Median hourly rate £43.00 £55.00 £35.00
Median % change year-on-year -21.82% +57.14% +41.16%
75th Percentile £60.00 £69.31 £55.38
90th Percentile £75.00 £80.25 £67.50
UK median hourly rate £36.50 £36.00 £25.00
% change year-on-year +1.39% +44.00% +2.04%

Low Latency
Trend for Jobs with a WFH Option

Job vacancies with a work from home option citing Low Latency as a proportion of all IT jobs advertised.

Low Latency trend for jobs with a WFH option

Low Latency
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing Low Latency.

Low Latency daily rate for jobs with a WFH option

Low Latency
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Low Latency over the 6 months to 7 May 2024.

Low Latency daily rate histogram for jobs with a WFH option

Low Latency
Co-occurring Skills and Capabilities with WFH Options by Category

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

Application Platforms
1 3 (4.55%) Apache Spark
2 2 (3.03%) Ethereum
3 1 (1.52%) Apache
3 1 (1.52%) Hyperledger
3 1 (1.52%) MetaMask
3 1 (1.52%) MQSeries
3 1 (1.52%) Tomcat
3 1 (1.52%) WebSphere
Business Applications
1 2 (3.03%) RMDS
Cloud Services
1 4 (6.06%) Cloud Computing
2 1 (1.52%) Azure
2 1 (1.52%) OpenShift
Communications & Networking
1 8 (12.12%) Firewall
2 4 (6.06%) InfiniBand
2 4 (6.06%) Network Security
3 1 (1.52%) Multicast
3 1 (1.52%) Unicast
Database & Business Intelligence
1 4 (6.06%) KDB
2 3 (4.55%) Big Data
3 2 (3.03%) Hadoop
4 1 (1.52%) Apache Hive
4 1 (1.52%) Data Warehouse
4 1 (1.52%) Elasticsearch
4 1 (1.52%) Flink
4 1 (1.52%) HBase
4 1 (1.52%) MongoDB
4 1 (1.52%) PostgreSQL
4 1 (1.52%) Relational Database
4 1 (1.52%) SQL Server
Development Applications
1 1 (1.52%) Cypress.io
1 1 (1.52%) Git
1 1 (1.52%) Visual Studio Code
General
1 38 (57.58%) Finance
2 15 (22.73%) Front Office
3 14 (21.21%) Banking
4 7 (10.61%) Social Skills
5 6 (9.09%) Investment Banking
6 4 (6.06%) Manufacturing
7 1 (1.52%) Analytical Skills
7 1 (1.52%) Financial Institution
7 1 (1.52%) Inclusion and Diversity
Job Titles
1 37 (56.06%) Developer
2 15 (22.73%) Java Developer
2 15 (22.73%) Senior
3 12 (18.18%) Network Engineer
4 11 (16.67%) C++ Developer
5 10 (15.15%) Senior Developer
6 9 (13.64%) Low Latency C++ Developer
6 9 (13.64%) Senior Java Developer
6 9 (13.64%) Software Engineer
7 5 (7.58%) Java Engineer
7 5 (7.58%) Senior Network Engineer
8 4 (6.06%) Java Software Engineer
9 3 (4.55%) Cisco Engineer
9 3 (4.55%) Cisco Network Engineer
9 3 (4.55%) Front Office Developer
10 2 (3.03%) Electronic Trading Developer
10 2 (3.03%) Electronic Trading Java Developer
11 1 (1.52%) C# WPF Developer
11 1 (1.52%) Java Quantitative Developer
11 1 (1.52%) Low Latency Java Developer
Libraries, Frameworks & Software Standards
1 11 (16.67%) FIX Protocol
2 6 (9.09%) React
3 4 (6.06%) Kafka
4 3 (4.55%) .NET
4 3 (4.55%) HTML
4 3 (4.55%) HTML5
4 3 (4.55%) Spring
4 3 (4.55%) WPF
5 2 (3.03%) Smart Contracts
5 2 (3.03%) Ultra Messaging
5 2 (3.03%) XML
6 1 (1.52%) .NET Core
6 1 (1.52%) AngularJS
6 1 (1.52%) CSS3
6 1 (1.52%) Elastic Stack
6 1 (1.52%) Node.js
6 1 (1.52%) Reactive Extensions
6 1 (1.52%) Spark Streaming
6 1 (1.52%) Truffle
6 1 (1.52%) web3js
Miscellaneous
1 12 (18.18%) Algorithms
2 10 (15.15%) Derivative
2 10 (15.15%) Foreign Exchange (FX)
2 10 (15.15%) Greenfield Project
3 9 (13.64%) Equity Derivative
3 9 (13.64%) Hedge funds
4 7 (10.61%) Fixed Income
5 5 (7.58%) Equities
6 4 (6.06%) Distributed Systems
7 2 (3.03%) Blockchain
7 2 (3.03%) Data Structures
8 1 (1.52%) Cloud Native
8 1 (1.52%) Data Protection Act
8 1 (1.52%) Market Risk
8 1 (1.52%) PKI
8 1 (1.52%) Self-Motivation
Operating Systems
1 2 (3.03%) Linux
2 1 (1.52%) Unix
Processes & Methodologies
1 22 (33.33%) Algorithmic Trading
2 17 (25.76%) Electronic Trading
3 13 (19.70%) Software Engineering
4 11 (16.67%) Analytics
4 11 (16.67%) Fintech
5 9 (13.64%) Agile
5 9 (13.64%) Multithreading
5 9 (13.64%) Systematic Trading
6 6 (9.09%) Computer Science
7 5 (7.58%) High Availability
8 4 (6.06%) Incident Management
8 4 (6.06%) Knowledge Transfer
8 4 (6.06%) Multithreaded Programming
8 4 (6.06%) Network Design
8 4 (6.06%) Network Optimisation
9 3 (4.55%) Backtesting
9 3 (4.55%) E-Commerce
9 3 (4.55%) High-Frequency Trading
9 3 (4.55%) Problem-Solving
9 3 (4.55%) TDD
Programming Languages
1 23 (34.85%) Java
2 13 (19.70%) C++
3 12 (18.18%) Python
4 5 (7.58%) C#
5 4 (6.06%) JavaScript
5 4 (6.06%) Perl
6 3 (4.55%) Scala
7 2 (3.03%) Bash
7 2 (3.03%) PowerShell
7 2 (3.03%) Solidity
8 1 (1.52%) Jython
8 1 (1.52%) PHP
8 1 (1.52%) Ruby
8 1 (1.52%) SQL
8 1 (1.52%) TypeScript
Qualifications
1 17 (25.76%) Cisco Certification
2 13 (19.70%) CCNA
3 11 (16.67%) Degree
4 7 (10.61%) CCNP
5 5 (7.58%) Computer Science Degree
6 4 (6.06%) CCIE
7 1 (1.52%) DV Cleared
7 1 (1.52%) Master's Degree
7 1 (1.52%) Security Cleared
System Software
1 1 (1.52%) Docker
1 1 (1.52%) HDFS
Systems Management
1 4 (6.06%) Ansible
2 2 (3.03%) ITRS Geneos
3 1 (1.52%) FortiGate
3 1 (1.52%) Hadoop YARN
3 1 (1.52%) Kubernetes
3 1 (1.52%) Oozie
Vendors
1 18 (27.27%) Cisco
2 9 (13.64%) ION Trading
3 7 (10.61%) CheckPoint
3 7 (10.61%) F5
3 7 (10.61%) Fortinet
4 5 (7.58%) Solace
5 4 (6.06%) Arista
5 4 (6.06%) SolarWinds
6 3 (4.55%) Palo Alto
6 3 (4.55%) Riverbed
6 3 (4.55%) TIBCO
7 1 (1.52%) Databricks
7 1 (1.52%) IBM
7 1 (1.52%) Oracle