Period
to 19 November 2017

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Algorithmic Trading skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Algorithmic Trading over the 6 months to 19 November 2017 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.

Algo Trading
Central London > City of London
6 months to
19 Nov 2017
Same period 2016 Same period 2015
Rank 176 228 182
Rank change year-on-year +52 -46 +35
Contract jobs citing Algorithmic Trading 64 25 90
As % of all contract IT jobs advertised in the City of London 0.91% 0.38% 0.98%
As % of the Processes & Methodologies category 1.03% 0.43% 1.17%
Number of daily rates quoted 57 24 87
City of London median daily rate £675 £600 £650
Median daily rate % change year-on-year +12.50% -7.69% -
10th Percentile £533 £425 £465
90th Percentile £863 £705 £775
Central London median daily rate £675 £600 £650
% change year-on-year +12.50% -7.69% -
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

Algorithmic Trading 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 the City of London with a requirement for process or methodology skills.

All Process and Methodology Skills
City of London
Contract vacancies with a requirement for process or methodology skills 6210 5816 7704
As % of all contract IT jobs advertised in the City of London 88.39% 87.43% 83.88%
Number of daily rates quoted 4932 4656 6127
City of London median daily rate £513 £475 £463
Median daily rate % change year-on-year +7.89% +2.70% +2.78%
10th Percentile £325 £313 £288
90th Percentile £688 £664 £650
Central London median daily rate £500 £475 £451
% change year-on-year +5.26% +5.44% +0.67%
Number of hourly rates quoted 59 53 73
City of London median hourly rate £20.00 £20.00 £21.00
Median hourly rate % change year-on-year - -4.76% +10.53%
10th Percentile £13.34 £13.75 £10.87
90th Percentile £30.90 £54.03 £40.00
Central London median hourly rate £20.25 £19.46 £20.50
% change year-on-year +4.06% -5.07% +13.92%

Algorithmic Trading
Job Vacancy Trend in the City of London

Job postings citing Algorithmic Trading as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Algorithmic Trading in the City of London

Algorithmic Trading
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Algorithmic Trading in the City of London.

Contractor daily rate trend for Algorithmic Trading in the City of London

Algorithmic Trading
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Algorithmic Trading in the City of London over the 6 months to 19 November 2017.

Contractor daily rate histogram for Algorithmic Trading in the City of London

For the 6 months to 19 November 2017, IT contractor jobs citing Algorithmic Trading also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Algorithmic Trading.

1 51 (79.69%) Low Latency
2 46 (71.88%) Java
3 37 (57.81%) Multithreading
4 33 (51.56%) Front Office
5 31 (48.44%) Foreign Exchange (FX)
5 31 (48.44%) Electronic Trading
6 28 (43.75%) Market Making
7 27 (42.19%) Linux
8 24 (37.50%) C++
9 20 (31.25%) PhD
9 20 (31.25%) Analytical Skills
9 20 (31.25%) Data Structures
10 19 (29.69%) Equities
10 19 (29.69%) Finance
11 18 (28.13%) Banking
12 17 (26.56%) Degree
12 17 (26.56%) FIX Protocol
13 16 (25.00%) Algorithms
14 15 (23.44%) FX Algorithmic Trading
15 11 (17.19%) Concurrent Programming
15 11 (17.19%) Multithreaded Programming
16 10 (15.63%) Investment Banking
17 9 (14.06%) Risk Management
17 9 (14.06%) KDB
17 9 (14.06%) Analytics
18 8 (12.50%) SQL
19 7 (10.94%) FIX Connectivity
20 6 (9.38%) Derivative
20 6 (9.38%) MiFID
20 6 (9.38%) Requirements Analysis

Algorithmic Trading
Co-occurring IT Skills in the City of 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:

Business Applications
1 1 (1.56%) Bloomberg TOMS
1 1 (1.56%) ION MarketView
Communications & Networking
1 7 (10.94%) FIX Connectivity
2 1 (1.56%) BGP
2 1 (1.56%) Cisco Nexus
2 1 (1.56%) DMZ
2 1 (1.56%) EIGRP
2 1 (1.56%) Firewall
2 1 (1.56%) Multicast
2 1 (1.56%) NetScaler
2 1 (1.56%) OSPF
2 1 (1.56%) VLAN
2 1 (1.56%) VoIP
2 1 (1.56%) Wi-Fi
Database & Business Intelligence
1 9 (14.06%) KDB
2 2 (3.13%) NoSQL
2 2 (3.13%) Redis
2 2 (3.13%) SQL Server
3 1 (1.56%) Apache Cassandra
3 1 (1.56%) Kdb+
3 1 (1.56%) Tick Data
Development Applications
1 3 (4.69%) Git (software)
2 2 (3.13%) NuGet
2 2 (3.13%) TeamCity
3 1 (1.56%) Gradle
3 1 (1.56%) Sonatype Nexus
General
1 33 (51.56%) Front Office
2 19 (29.69%) Finance
3 18 (28.13%) Banking
4 10 (15.63%) Investment Banking
5 2 (3.13%) Financial Institution
Job Titles
1 53 (82.81%) Developer
2 32 (50.00%) Java Developer
3 17 (26.56%) Electronic Trading Developer
3 17 (26.56%) Electronic Trading Java Developer
4 16 (25.00%) Algorithmic Trading Developer
4 16 (25.00%) Senior Developer
5 14 (21.88%) Senior Java Developer
6 10 (15.63%) C++ Developer
7 7 (10.94%) Analyst
7 7 (10.94%) C++/Java Developer
7 7 (10.94%) Low Latency Java Developer
8 5 (7.81%) Business Analyst
8 5 (7.81%) C++ Developer - Algorithmic Trading
8 5 (7.81%) Senior SQL Developer
8 5 (7.81%) SQL Developer
9 4 (6.25%) C# Developer
9 4 (6.25%) Java Developer - Algorithmic Trading
9 4 (6.25%) Linux Developer
9 4 (6.25%) Senior C++ Developer
10 3 (4.69%) Algo Trading Business Analyst
Libraries, Frameworks & Software Standards
1 17 (26.56%) FIX Protocol
2 3 (4.69%) Middleware
3 2 (3.13%) RabbitMQ
3 2 (3.13%) WPF
4 1 (1.56%) .NET
4 1 (1.56%) AngularJS
4 1 (1.56%) Boost C++ Libraries
4 1 (1.56%) HTML
4 1 (1.56%) HTML5
4 1 (1.56%) Kafka
4 1 (1.56%) Node.js
4 1 (1.56%) STL
4 1 (1.56%) Swing
Miscellaneous
1 31 (48.44%) Foreign Exchange (FX)
2 20 (31.25%) Analytical Skills
2 20 (31.25%) Data Structures
3 19 (29.69%) Equities
4 16 (25.00%) Algorithms
5 6 (9.38%) Derivative
6 5 (7.81%) Fixed Income
7 1 (1.56%) Computer Science
7 1 (1.56%) Data Centre
7 1 (1.56%) Enterprise Software
7 1 (1.56%) Equity Derivative
7 1 (1.56%) Fintech
7 1 (1.56%) N-Tier
7 1 (1.56%) TWAP
7 1 (1.56%) VWAP
Operating Systems
1 27 (42.19%) Linux
2 3 (4.69%) Unix
2 3 (4.69%) Windows
Processes & Methodologies
1 51 (79.69%) Low Latency
2 37 (57.81%) Multithreading
3 31 (48.44%) Electronic Trading
4 28 (43.75%) Market Making
5 15 (23.44%) FX Algorithmic Trading
6 11 (17.19%) Concurrent Programming
6 11 (17.19%) Multithreaded Programming
7 9 (14.06%) Analytics
7 9 (14.06%) Risk Management
8 6 (9.38%) Quantitative Risk Management
8 6 (9.38%) Requirements Analysis
8 6 (9.38%) Ultra-Low Latency
9 4 (6.25%) High-Frequency Trading
9 4 (6.25%) Performance Optimisation
10 3 (4.69%) Workflow
11 2 (3.13%) Agile Software Development
11 2 (3.13%) Data Analysis
11 2 (3.13%) Mathematics
11 2 (3.13%) Migration
11 2 (3.13%) Scrum
Programming Languages
1 46 (71.88%) Java
2 24 (37.50%) C++
3 8 (12.50%) SQL
4 6 (9.38%) C#
5 3 (4.69%) Python
6 2 (3.13%) PowerShell
7 1 (1.56%) Bash Shell
7 1 (1.56%) JavaScript
7 1 (1.56%) Perl
7 1 (1.56%) PL/SQL
Qualifications
1 20 (31.25%) PhD
2 17 (26.56%) Degree
3 1 (1.56%) CCNP
3 1 (1.56%) Cisco Certification
3 1 (1.56%) Computer Science Degree
3 1 (1.56%) PRINCE2 Certification
Quality Assurance & Compliance
1 6 (9.38%) MiFID
Systems Management
1 1 (1.56%) Cacti
1 1 (1.56%) Cisco Prime
Vendors
1 2 (3.13%) DevExpress
1 2 (3.13%) Informatica
1 2 (3.13%) Infragistics
1 2 (3.13%) TIBCO
2 1 (1.56%) Arista
2 1 (1.56%) Bloomberg
2 1 (1.56%) CheckPoint
2 1 (1.56%) Cisco
2 1 (1.56%) Citrix
2 1 (1.56%) Currenex
2 1 (1.56%) Fidessa
2 1 (1.56%) Fortinet
2 1 (1.56%) ION Trading
2 1 (1.56%) NetScout
2 1 (1.56%) Oracle
2 1 (1.56%) Solace