Algo Trading
UK

The following table provides summary statistics for permanent job vacancies with a requirement for Algorithmic Trading skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Algorithmic Trading over the 6 months to 14 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
14 May 2024
Same period 2023 Same period 2022
Rank 810 806 915
Rank change year-on-year -4 +109 -154
Permanent jobs citing Algorithmic Trading 86 169 327
As % of all permanent jobs advertised in the UK 0.087% 0.17% 0.20%
As % of the Processes & Methodologies category 0.10% 0.18% 0.21%
Number of salaries quoted 58 136 218
10th Percentile £54,250 £67,500 £50,000
25th Percentile £95,000 £84,375 £67,500
Median annual salary (50th Percentile) £140,000 £105,000 £105,000
Median % change year-on-year +33.33% - +16.67%
75th Percentile £155,000 £150,000 £138,750
90th Percentile £166,125 £180,000 £152,500
UK excluding London median annual salary £55,000 - £65,000
% change year-on-year - - +13.04%

All Process and Methodology Skills
UK

Algorithmic Trading is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

Permanent vacancies with a requirement for process or methodology skills 84,701 95,929 153,018
As % of all permanent jobs advertised in the UK 85.52% 95.60% 95.73%
Number of salaries quoted 59,701 56,502 82,944
10th Percentile £29,000 £34,000 £33,740
25th Percentile £40,000 £45,000 £43,750
Median annual salary (50th Percentile) £55,000 £61,180 £60,000
Median % change year-on-year -10.10% +1.97% +9.09%
75th Percentile £72,500 £81,250 £80,000
90th Percentile £92,500 £100,000 £96,250
UK excluding London median annual salary £50,000 £55,000 £52,500
% change year-on-year -9.09% +4.76% +9.38%

Algorithmic Trading
Job Vacancy Trend

Job postings citing Algorithmic Trading as a proportion of all IT jobs advertised.

Job vacancy trend for Algorithmic Trading in the UK

Algorithmic Trading
Salary Trend

3-month moving average salary quoted in jobs citing Algorithmic Trading.

Salary trend for Algorithmic Trading in the UK

Algorithmic Trading
Salary Histogram

Salary distribution for jobs citing Algorithmic Trading over the 6 months to 14 May 2024.

Salary histogram for Algorithmic Trading in the UK

Algorithmic Trading
Top 6 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Algorithmic Trading within the UK over the 6 months to 14 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +3 86 £140,000 +27.27% 62
London +43 79 £140,000 +27.27% 61
Work from Home +73 30 £55,000 -35.29% 8
UK excluding London - 7 £55,000 - 2
South West - 4 £55,000 - 1
South East - 3 £85,000 -

Algorithmic Trading
Co-occurring Skills and Capabilities 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 1 (1.16%) MQSeries
1 1 (1.16%) SAS
Applications
1 6 (6.98%) Simulink
1 6 (6.98%) Stateflow
Business Applications
1 2 (2.33%) Towers Watson Igloo
Cloud Services
1 6 (6.98%) Azure
2 4 (4.65%) Azure DevOps
3 2 (2.33%) AWS
4 1 (1.16%) Azure Service Bus
4 1 (1.16%) Cloud Computing
4 1 (1.16%) GitHub
Database & Business Intelligence
1 3 (3.49%) KDB
1 3 (3.49%) Tick Data
2 1 (1.16%) NoSQL
2 1 (1.16%) Redis
2 1 (1.16%) Relational Database
2 1 (1.16%) SQL Server
Development Applications
1 1 (1.16%) Git
General
1 32 (37.21%) Front Office
2 29 (33.72%) Finance
3 28 (32.56%) Banking
3 28 (32.56%) Investment Banking
4 16 (18.60%) Social Skills
5 4 (4.65%) Financial Institution
5 4 (4.65%) Games
6 1 (1.16%) Analytical Skills
6 1 (1.16%) Back Office
6 1 (1.16%) Organisational Skills
6 1 (1.16%) Presentation Skills
Job Titles
1 62 (72.09%) Developer
2 35 (40.70%) Quantitative Developer
3 27 (31.40%) Java Developer
4 18 (20.93%) Electronic Trading Developer
4 18 (20.93%) Electronic Trading Java Developer
5 16 (18.60%) Software Engineer
6 13 (15.12%) Java Quantitative Developer
7 12 (13.95%) C++ Developer
8 11 (12.79%) Front Office Developer
9 10 (11.63%) C++ Quantitative Developer
10 7 (8.14%) Developer/Software Engineer
10 7 (8.14%) Senior
11 6 (6.98%) Java Engineer
11 6 (6.98%) Java Software Developer
11 6 (6.98%) Java Software Engineer
11 6 (6.98%) Python Developer
12 5 (5.81%) Senior Software Engineer
13 4 (4.65%) Machine Learning Developer
14 3 (3.49%) Algorithm Engineer
14 3 (3.49%) Lead
Libraries, Frameworks & Software Standards
1 18 (20.93%) FIX Protocol
2 7 (8.14%) Kafka
2 7 (8.14%) Spring
3 6 (6.98%) PyTorch
3 6 (6.98%) Spring Boot
3 6 (6.98%) TensorFlow
4 5 (5.81%) .NET
4 5 (5.81%) Rendezvous
4 5 (5.81%) REST
5 4 (4.65%) Middleware
5 4 (4.65%) React
6 3 (3.49%) .NET Core
6 3 (3.49%) .NET Framework
6 3 (3.49%) AngularJS
6 3 (3.49%) ASP.NET
6 3 (3.49%) scikit-learn
7 2 (2.33%) ASP.NET Web API
7 2 (2.33%) LINQ
7 2 (2.33%) OpenCV
8 1 (1.16%) OAuth
Miscellaneous
1 29 (33.72%) Fixed Income
2 27 (31.40%) Algorithms
2 27 (31.40%) Foreign Exchange (FX)
3 23 (26.74%) Equities
4 18 (20.93%) Hedge funds
5 10 (11.63%) Data Structures
6 5 (5.81%) Distributed Systems
6 5 (5.81%) Onboarding
7 4 (4.65%) Robotics
8 2 (2.33%) Cloud Native
8 2 (2.33%) Cyber Threat
8 2 (2.33%) Enterprise Software
8 2 (2.33%) Greenfield Project
9 1 (1.16%) Blockchain
9 1 (1.16%) Distributed Computing
9 1 (1.16%) Renewable Energy
Operating Systems
1 19 (22.09%) Linux
2 4 (4.65%) Unix
3 1 (1.16%) Windows
3 1 (1.16%) Windows Server
Processes & Methodologies
1 32 (37.21%) Electronic Trading
2 29 (33.72%) Low Latency
3 28 (32.56%) Mathematics
4 26 (30.23%) Computer Science
5 22 (25.58%) Software Engineering
6 21 (24.42%) Market Making
7 18 (20.93%) Problem-Solving
8 16 (18.60%) Quantitative Trading
9 15 (17.44%) High-Frequency Trading
10 13 (15.12%) Machine Learning
10 13 (15.12%) Multithreading
11 11 (12.79%) Backtesting
11 11 (12.79%) Concurrent Programming
11 11 (12.79%) Physics
12 10 (11.63%) Quantitative Research
13 9 (10.47%) DevOps
13 9 (10.47%) Memory Management
14 8 (9.30%) Agile
14 8 (9.30%) Decision-Making
15 7 (8.14%) End-to-End Testing
Programming Languages
1 40 (46.51%) Java
2 32 (37.21%) Python
3 22 (25.58%) C++
4 13 (15.12%) C#
4 13 (15.12%) SQL
5 7 (8.14%) MATLAB
6 5 (5.81%) TypeScript
7 2 (2.33%) Go
7 2 (2.33%) JavaScript
8 1 (1.16%) C
8 1 (1.16%) Ruby
8 1 (1.16%) Rust
Qualifications
1 19 (22.09%) Degree
2 9 (10.47%) PhD
3 4 (4.65%) BPSS Clearance
3 4 (4.65%) Security Cleared
4 2 (2.33%) Computer Science Degree
4 2 (2.33%) Master's Degree
4 2 (2.33%) Numerate Degree
Quality Assurance & Compliance
1 3 (3.49%) QA
System Software
1 9 (10.47%) Docker
Systems Management
1 9 (10.47%) Kubernetes
Vendors
1 6 (6.98%) OpenAI
2 5 (5.81%) TIBCO
3 2 (2.33%) Solace
4 1 (1.16%) IBM
4 1 (1.16%) ION Trading
4 1 (1.16%) Microsoft
4 1 (1.16%) Oracle