Period
to 18 August 2018

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 18 August 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.

Algo Trading
Central London > City of London
6 months to
18 Aug 2018
Same period 2017 Same period 2016
Rank 211 194 199
Rank change year-on-year -17 +5 +36
Contract jobs citing Algorithmic Trading 50 47 38
As % of all contract IT jobs advertised in the City of London 0.71% 0.71% 0.56%
As % of the Processes & Methodologies category 0.81% 0.79% 0.64%
Number of daily rates quoted 47 39 37
City of London median daily rate £700 £625 £700
Median daily rate % change year-on-year +12.00% -10.71% +5.66%
10th Percentile £545 £510 £455
90th Percentile £825 £813 £738
Central London median daily rate £700 £625 £700
% change year-on-year +12.00% -10.71% +5.66%
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 6,146 5,917 5,946
As % of all contract IT jobs advertised in the City of London 87.29% 88.88% 87.88%
Number of daily rates quoted 4,863 4,577 4,783
City of London median daily rate £513 £500 £475
Median daily rate % change year-on-year +2.50% +5.26% +5.44%
10th Percentile £331 £325 £313
90th Percentile £688 £675 £650
Central London median daily rate £500 £500 £475
% change year-on-year - +5.26% +5.56%
Number of hourly rates quoted 108 55 42
City of London median hourly rate £18.70 £20.54 £20.00
Median hourly rate % change year-on-year -8.96% +2.70% -4.76%
10th Percentile £13.29 £13.33 £11.25
90th Percentile £28.99 £31.20 £46.66
Central London median hourly rate £18.70 £19.00 £20.00
% change year-on-year -1.58% -5.00% -4.76%

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 18 August 2018.

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

For the 6 months to 18 August 2018, IT contractor jobs citing Algorithmic Trading 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 City of London region with a requirement for Algorithmic Trading.

1 43 (86.00%) Java
2 41 (82.00%) Low Latency
3 31 (62.00%) Front Office
4 18 (36.00%) Market Making
5 16 (32.00%) Java 8
5 16 (32.00%) Finance
6 13 (26.00%) Equities
6 13 (26.00%) Multithreading
6 13 (26.00%) Electronic Trading
7 12 (24.00%) Derivative
8 11 (22.00%) FIX Protocol
8 11 (22.00%) Foreign Exchange (FX)
8 11 (22.00%) Linux
9 10 (20.00%) Performance Optimisation
9 10 (20.00%) Ultra-Low Latency
10 9 (18.00%) Unix
11 8 (16.00%) Banking
11 8 (16.00%) Requirements Analysis
11 8 (16.00%) Multithreaded Programming
11 8 (16.00%) FX Algorithmic Trading
12 7 (14.00%) SDLC
12 7 (14.00%) Analytical Skills
13 5 (10.00%) KDB
14 4 (8.00%) Hedge funds
14 4 (8.00%) Web Development
14 4 (8.00%) SQL Server
14 4 (8.00%) VBA
14 4 (8.00%) C++
14 4 (8.00%) Quantitative Trading
14 4 (8.00%) Virtual Team

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:

Applications
1 3 (6.00%) Microsoft Excel
Business Applications
1 2 (4.00%) RMDS
Communications & Networking
1 2 (4.00%) Cisco IOS
1 2 (4.00%) DHCP
1 2 (4.00%) DNS
1 2 (4.00%) Extranet
1 2 (4.00%) Firewall
1 2 (4.00%) Internet
1 2 (4.00%) LAN
1 2 (4.00%) Multicast
1 2 (4.00%) OSPF
1 2 (4.00%) TCP/IP
Database & Business Intelligence
1 5 (10.00%) KDB
2 4 (8.00%) Kdb+
2 4 (8.00%) SQL Server
3 3 (6.00%) RDBMS
3 3 (6.00%) Relational Database
General
1 31 (62.00%) Front Office
2 16 (32.00%) Finance
3 8 (16.00%) Banking
4 3 (6.00%) Investment Banking
5 1 (2.00%) Telecoms
Job Titles
1 43 (86.00%) Developer
2 36 (72.00%) Java Developer
3 11 (22.00%) Electronic Trading Developer
3 11 (22.00%) Front Office Developer
3 11 (22.00%) Senior Developer
4 10 (20.00%) Electronic Trading Java Developer
4 10 (20.00%) Senior Java Developer
5 6 (12.00%) Algorithmic Trading Developer
6 4 (8.00%) C++ Developer
7 3 (6.00%) Java Developer - Algorithmic Trading
7 3 (6.00%) Python Developer
7 3 (6.00%) Senior Algorithmic Trading Developer
7 3 (6.00%) Senior Python Developer
8 2 (4.00%) C++ Developer - Algorithmic Trading
8 2 (4.00%) Core Java Developer
9 1 (2.00%) Applications Support Analyst
9 1 (2.00%) C# Developer
9 1 (2.00%) Deployment Engineer
9 1 (2.00%) Implementation Engineer
9 1 (2.00%) Network Deployment Engineer
Libraries, Frameworks & Software Standards
1 11 (22.00%) FIX Protocol
2 1 (2.00%) WinForms
2 1 (2.00%) WPF
Miscellaneous
1 13 (26.00%) Equities
2 12 (24.00%) Derivative
3 11 (22.00%) Foreign Exchange (FX)
4 7 (14.00%) Analytical Skills
5 4 (8.00%) Hedge funds
5 4 (8.00%) Virtual Team
6 3 (6.00%) Computer Science
7 2 (4.00%) Data Centre
7 2 (4.00%) Eurex
7 2 (4.00%) Greenfield Project
8 1 (2.00%) Algorithms
8 1 (2.00%) e-Health
Operating Systems
1 11 (22.00%) Linux
2 9 (18.00%) Unix
3 1 (2.00%) Solaris
3 1 (2.00%) Windows
Processes & Methodologies
1 41 (82.00%) Low Latency
2 18 (36.00%) Market Making
3 13 (26.00%) Electronic Trading
3 13 (26.00%) Multithreading
4 10 (20.00%) Performance Optimisation
4 10 (20.00%) Ultra-Low Latency
5 8 (16.00%) FX Algorithmic Trading
5 8 (16.00%) Multithreaded Programming
5 8 (16.00%) Requirements Analysis
6 7 (14.00%) SDLC
7 4 (8.00%) Quantitative Trading
7 4 (8.00%) Systematic Trading
7 4 (8.00%) Web Development
8 3 (6.00%) Agile Software Development
8 3 (6.00%) Migration
8 3 (6.00%) Unit Testing
9 2 (4.00%) ITIL
9 2 (4.00%) Mathematics
9 2 (4.00%) Network Design
9 2 (4.00%) Risk Analysis
Programming Languages
1 43 (86.00%) Java
2 16 (32.00%) Java 8
3 4 (8.00%) C++
3 4 (8.00%) VBA
4 3 (6.00%) Python
5 1 (2.00%) C#
Qualifications
1 2 (4.00%) CCIE
1 2 (4.00%) CCNA
1 2 (4.00%) CCNP
1 2 (4.00%) Cisco Certification
2 1 (2.00%) Degree
Vendors
1 2 (4.00%) Arista
1 2 (4.00%) CheckPoint
1 2 (4.00%) Cisco
1 2 (4.00%) Oracle
1 2 (4.00%) Reuters
2 1 (2.00%) Currenex