Period
to 23 July 2018

The following table provides summary statistics for contract job vacancies advertised in Central London with 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 23 July 2018 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Low Latency
London > Central London
6 months to
23 Jul 2018
Same period 2017 Same period 2016
Rank 122 106 148
Rank change year-on-year -16 +42 +17
Contract jobs citing Low Latency 198 173 134
As % of all contract IT jobs advertised in Central London 2.14% 2.27% 1.60%
As % of the Processes & Methodologies category 2.45% 2.59% 1.83%
Number of daily rates quoted 178 157 128
Central London median daily rate £650 £600 £600
Median daily rate % change year-on-year +8.33% - -4.00%
10th Percentile £475 £413 £451
90th Percentile £793 £725 £738
London median daily rate £650 £600 £625
% change year-on-year +8.33% -4.00% -
Number of hourly rates quoted 0 0 0
Central London median hourly rate - - -
London median hourly rate - - £27.27

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 advertised in Central London with a requirement for process or methodology skills.

All Process and Methodology Skills
Central London
Contract vacancies with a requirement for process or methodology skills 8,088 6,684 7,342
As % of all contract IT jobs advertised in Central London 87.46% 87.73% 87.52%
Number of daily rates quoted 6,289 5,088 5,806
Central London median daily rate £500 £500 £475
Median daily rate % change year-on-year - +5.26% +5.56%
10th Percentile £325 £313 £306
90th Percentile £688 £675 £650
London median daily rate £500 £488 £463
% change year-on-year +2.56% +5.41% +2.78%
Number of hourly rates quoted 121 70 63
Central London median hourly rate £18.70 £18.70 £20.00
Median hourly rate % change year-on-year +0.03% -6.53% -1.10%
10th Percentile £13.00 £12.88 £11.25
90th Percentile £35.00 £29.79 £51.60
London median hourly rate £25.00 £23.50 £21.42
% change year-on-year +6.38% +9.71% +9.85%

Low Latency
Job Vacancy Trend in Central London

Job postings citing Low Latency as a percentage of all IT jobs advertised in Central London.

Job vacancy trend for Low Latency in Central London

Low Latency
Contractor Daily Rate Trend in Central London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Low Latency in Central London.

Contractor daily rate trend for Low Latency in Central London

Low Latency
Contractor Daily Rate Histogram in Central London

The daily rate distribution of IT jobs citing Low Latency in Central London over the 6 months to 23 July 2018.

Contractor daily rate histogram for Low Latency in Central London

Low Latency
Contractor Hourly Rate Trend in Central London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Low Latency in Central London.

Contractor hourly rate trend for Low Latency in Central London

Low Latency
Contract Job Locations in Central London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Low Latency within the Central London region over the 6 months to 23 July 2018. 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
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London -1 171 £675 +8.00% 55
West End of London - 5 £538 - 8
City of Westminster - 2 £475 -
Low Latency
London

For the 6 months to 23 July 2018, IT contractor jobs citing Low Latency also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the Central London region with a requirement for Low Latency.

1 158 (79.80%) Java
2 97 (48.99%) Multithreading
3 74 (37.37%) Electronic Trading
4 69 (34.85%) Front Office
5 57 (28.79%) Java 8
6 56 (28.28%) Banking
7 55 (27.78%) Finance
8 53 (26.77%) Agile Software Development
9 42 (21.21%) Foreign Exchange (FX)
10 40 (20.20%) Algorithmic Trading
11 39 (19.70%) FIX Protocol
12 37 (18.69%) TDD
13 35 (17.68%) Equities
14 34 (17.17%) Derivative
15 32 (16.16%) Investment Banking
16 28 (14.14%) Linux
17 24 (12.12%) SQL
18 22 (11.11%) Market Making
19 21 (10.61%) Ultra-Low Latency
19 21 (10.61%) High Availability
19 21 (10.61%) Multithreaded Programming
20 19 (9.60%) Concurrent Programming
20 19 (9.60%) Kafka
20 19 (9.60%) Fixed Income
21 18 (9.09%) DevOps
21 18 (9.09%) Microservices
22 17 (8.59%) Greenfield Project
22 17 (8.59%) Scala
22 17 (8.59%) BDD
23 16 (8.08%) Equity Derivative

Low Latency
Co-occurring IT Skills in Central London 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:

Application Platforms
1 5 (2.53%) Apache Spark
1 5 (2.53%) Elasticsearch
1 5 (2.53%) Tomcat
2 4 (2.02%) NServiceBus
3 2 (1.01%) Apache Solr
3 2 (1.01%) Jetty
4 1 (0.51%) IIS
Business Applications
1 4 (2.02%) RMDS
Cloud Services
1 7 (3.54%) Amazon AWS
1 7 (3.54%) Microsoft Azure
2 6 (3.03%) Cloud Computing
3 1 (0.51%) Amazon EMR
3 1 (0.51%) Amazon S3
3 1 (0.51%) Amazon SQS
3 1 (0.51%) AWS CloudFormation
3 1 (0.51%) IaaS
3 1 (0.51%) Office 365
3 1 (0.51%) SaaS
3 1 (0.51%) Serverless
Communications & Networking
1 8 (4.04%) Internet
2 6 (3.03%) Firewall
2 6 (3.03%) TCP/IP
3 5 (2.53%) Multicast
4 4 (2.02%) Cisco IOS
4 4 (2.02%) DHCP
4 4 (2.02%) DNS
4 4 (2.02%) Extranet
4 4 (2.02%) LAN
4 4 (2.02%) OSPF
5 2 (1.01%) BIG-IP
6 1 (0.51%) DMZ
6 1 (0.51%) HTTP
6 1 (0.51%) Kerberos
6 1 (0.51%) Network Security
Database & Business Intelligence
1 11 (5.56%) SQL Server
2 10 (5.05%) NoSQL
3 8 (4.04%) Big Data
4 7 (3.54%) KDB
4 7 (3.54%) MySQL
5 6 (3.03%) Hadoop
5 6 (3.03%) Relational Database
6 4 (2.02%) Kdb+
7 3 (1.52%) Blockchain
7 3 (1.52%) RDBMS
7 3 (1.52%) Redis
8 2 (1.01%) Impala
8 2 (1.01%) MongoDB
8 2 (1.01%) Oracle Database
8 2 (1.01%) Oracle Database 10g
8 2 (1.01%) Oracle Database 11g
8 2 (1.01%) PostgreSQL
9 1 (0.51%) Apache Zeppelin
9 1 (0.51%) Cloudera CDH
9 1 (0.51%) Enterprise Data Warehouse
Development Applications
1 14 (7.07%) JUnit
2 10 (5.05%) Jenkins
2 10 (5.05%) Mockito
3 9 (4.55%) Maven
4 7 (3.54%) Cucumber
4 7 (3.54%) Gradle
4 7 (3.54%) NUnit
5 6 (3.03%) Git (software)
6 5 (2.53%) JIRA
7 3 (1.52%) JMeter
7 3 (1.52%) Moq
7 3 (1.52%) Selenium
7 3 (1.52%) WebDriver
8 2 (1.01%) GitLab
8 2 (1.01%) GoogleTest
8 2 (1.01%) jMock
8 2 (1.01%) SoapUI
8 2 (1.01%) Subversion
8 2 (1.01%) TeamCity
8 2 (1.01%) TestNG
General
1 69 (34.85%) Front Office
2 56 (28.28%) Banking
3 55 (27.78%) Finance
4 32 (16.16%) Investment Banking
5 7 (3.54%) Games
6 3 (1.52%) Financial Institution
7 1 (0.51%) Back Office
7 1 (0.51%) Digital Economy
7 1 (0.51%) General Ledger
7 1 (0.51%) Law
7 1 (0.51%) Legal
7 1 (0.51%) Marketing
7 1 (0.51%) Telecoms
Job Titles
1 154 (77.78%) Developer
2 119 (60.10%) Java Developer
3 43 (21.72%) Senior Developer
4 34 (17.17%) Senior Java Developer
5 33 (16.67%) Front Office Developer
6 25 (12.63%) Electronic Trading Developer
6 25 (12.63%) Electronic Trading Java Developer
7 14 (7.07%) C# Developer
8 13 (6.57%) Java Engineer
9 12 (6.06%) Low Latency Java Developer
10 6 (3.03%) C++ Developer
10 6 (3.03%) Core Java Developer
10 6 (3.03%) Games Developer
10 6 (3.03%) Scala Developer
11 5 (2.53%) Credit Risk Developer
11 5 (2.53%) Credit Risk Java Developer
11 5 (2.53%) Senior C# Developer
11 5 (2.53%) Senior Credit Risk Java Developer
12 4 (2.02%) Java Games Developer
12 4 (2.02%) Java Software Engineer
Libraries, Frameworks & Software Standards
1 39 (19.70%) FIX Protocol
2 19 (9.60%) Kafka
3 14 (7.07%) REST
4 13 (6.57%) .NET
5 11 (5.56%) Spring
6 9 (4.55%) HTML
7 8 (4.04%) RESTful
8 7 (3.54%) HTML5
8 7 (3.54%) RabbitMQ
9 6 (3.03%) AngularJS
9 6 (3.03%) Middleware
9 6 (3.03%) Spring Boot
10 5 (2.53%) Akka
10 5 (2.53%) Hibernate
10 5 (2.53%) Java Concurrency
10 5 (2.53%) MSMQ
10 5 (2.53%) React
10 5 (2.53%) Web Services
11 4 (2.02%) CSS
11 4 (2.02%) JMS
Miscellaneous
1 42 (21.21%) Foreign Exchange (FX)
2 35 (17.68%) Equities
3 34 (17.17%) Derivative
4 19 (9.60%) Fixed Income
5 17 (8.59%) Greenfield Project
6 16 (8.08%) Equity Derivative
7 10 (5.05%) Data Structures
8 9 (4.55%) Algorithms
9 8 (4.04%) Analytical Skills
9 8 (4.04%) Computer Science
10 6 (3.03%) Data Centre
11 5 (2.53%) Credit Risk
11 5 (2.53%) Hedge funds
12 4 (2.02%) Eurex
12 4 (2.02%) Social Gaming
12 4 (2.02%) Virtual Team
13 3 (1.52%) Clustering
13 3 (1.52%) e-Health
13 3 (1.52%) Enterprise Software
13 3 (1.52%) User Experience
Operating Systems
1 28 (14.14%) Linux
2 14 (7.07%) Unix
3 4 (2.02%) Windows
Processes & Methodologies
1 97 (48.99%) Multithreading
2 74 (37.37%) Electronic Trading
3 53 (26.77%) Agile Software Development
4 40 (20.20%) Algorithmic Trading
5 37 (18.69%) TDD
6 22 (11.11%) Market Making
7 21 (10.61%) High Availability
7 21 (10.61%) Multithreaded Programming
7 21 (10.61%) Ultra-Low Latency
8 19 (9.60%) Concurrent Programming
9 18 (9.09%) DevOps
9 18 (9.09%) Microservices
10 17 (8.59%) BDD
11 15 (7.58%) Migration
12 13 (6.57%) Unit Testing
13 12 (6.06%) Performance Optimisation
14 11 (5.56%) Continuous Integration
14 11 (5.56%) Software Engineering
15 10 (5.05%) Open Source
15 10 (5.05%) Scrum
Programming Languages
1 158 (79.80%) Java
2 57 (28.79%) Java 8
3 24 (12.12%) SQL
4 17 (8.59%) Scala
5 15 (7.58%) C#
6 12 (6.06%) C++
7 11 (5.56%) Python
8 9 (4.55%) JavaScript
9 8 (4.04%) Clojure
10 6 (3.03%) T-SQL
11 5 (2.53%) C
12 4 (2.02%) Kotlin
13 2 (1.01%) ES6
13 2 (1.01%) Groovy
14 1 (0.51%) Bash Shell
14 1 (0.51%) Perl
14 1 (0.51%) Ruby
Qualifications
1 8 (4.04%) Degree
2 2 (1.01%) CCIE
2 2 (1.01%) CCNA
2 2 (1.01%) CCNP
2 2 (1.01%) Cisco Certification
3 1 (0.51%) Computer Science Degree
3 1 (0.51%) PhD
3 1 (0.51%) Security Cleared
Quality Assurance & Compliance
1 4 (2.02%) QA
System Software
1 9 (4.55%) Docker
2 2 (1.01%) HDFS
3 1 (0.51%) Apache ZooKeeper
Systems Management
1 3 (1.52%) Ansible
2 2 (1.01%) Control-M
2 2 (1.01%) ITRS Geneos
2 2 (1.01%) Kubernetes
3 1 (0.51%) Oozie
3 1 (0.51%) Terraform
Vendors
1 9 (4.55%) Oracle
2 5 (2.53%) CheckPoint
2 5 (2.53%) Cisco
3 4 (2.02%) Microsoft
3 4 (2.02%) Reuters
3 4 (2.02%) TIBCO
4 3 (1.52%) Red Hat
5 2 (1.01%) Arista
5 2 (1.01%) Currenex
5 2 (1.01%) F5
5 2 (1.01%) Google
5 2 (1.01%) Solace
5 2 (1.01%) Sybase
5 2 (1.01%) Typemock
6 1 (0.51%) BMC
6 1 (0.51%) Cloudera
6 1 (0.51%) IBM
6 1 (0.51%) Salesforce.com
6 1 (0.51%) Tableau
6 1 (0.51%) Talend