Period
to 21 February 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 21 February 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
21 Feb 2018
Same period 2017 Same period 2016
Rank 207 212 153
Rank change year-on-year +5 -59 +77
Contract jobs citing Algorithmic Trading 46 18 71
As % of all contract IT jobs advertised in the City of London 0.65% 0.29% 1.07%
As % of the Processes & Methodologies category 0.74% 0.34% 1.24%
Number of daily rates quoted 44 18 69
City of London median daily rate £700 £650 £650
Median daily rate % change year-on-year +7.69% - -
10th Percentile £540 £410 £470
90th Percentile £863 £783 £763
Central London median daily rate £700 £650 £650
% change year-on-year +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 6,233 5,365 5,722
As % of all contract IT jobs advertised in the City of London 87.81% 87.00% 86.27%
Number of daily rates quoted 4,966 4,270 4,573
City of London median daily rate £505 £488 £475
Median daily rate % change year-on-year +3.59% +2.63% +5.56%
10th Percentile £334 £313 £293
90th Percentile £688 £675 £650
Central London median daily rate £500 £475 £463
% change year-on-year +5.26% +2.70% +2.78%
Number of hourly rates quoted 72 52 59
City of London median hourly rate £18.70 £20.63 £21.13
Median hourly rate % change year-on-year -9.33% -2.39% +9.38%
10th Percentile £11.63 £13.74 £11.93
90th Percentile £41.65 £55.00 £51.90
Central London median hourly rate £20.25 £19.92 £21.13
% change year-on-year +1.66% -5.73% +17.39%

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 21 February 2018.

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

For the 6 months to 21 February 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 37 (80.43%) Low Latency
2 35 (76.09%) Java
3 24 (52.17%) Multithreading
4 23 (50.00%) Electronic Trading
4 23 (50.00%) Foreign Exchange (FX)
5 22 (47.83%) Market Making
6 21 (45.65%) Linux
7 20 (43.48%) Front Office
8 19 (41.30%) C++
9 15 (32.61%) FIX Protocol
10 14 (30.43%) Equities
11 13 (28.26%) Analytical Skills
11 13 (28.26%) Data Structures
11 13 (28.26%) PhD
11 13 (28.26%) Banking
12 12 (26.09%) Algorithms
12 12 (26.09%) Degree
13 9 (19.57%) Finance
14 8 (17.39%) Requirements Analysis
14 8 (17.39%) KDB
14 8 (17.39%) Ultra-Low Latency
14 8 (17.39%) Multithreaded Programming
15 7 (15.22%) Concurrent Programming
15 7 (15.22%) FX Algorithmic Trading
15 7 (15.22%) Investment Banking
16 6 (13.04%) Analytics
16 6 (13.04%) Risk Management
16 6 (13.04%) High-Frequency Trading
16 6 (13.04%) FIX Connectivity
17 5 (10.87%) Unix

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:

Communications & Networking
1 6 (13.04%) FIX Connectivity
Database & Business Intelligence
1 8 (17.39%) KDB
Development Applications
1 2 (4.35%) Git (software)
2 1 (2.17%) Gradle
2 1 (2.17%) TeamCity
General
1 20 (43.48%) Front Office
2 13 (28.26%) Banking
3 9 (19.57%) Finance
4 7 (15.22%) Investment Banking
5 1 (2.17%) Financial Institution
Job Titles
1 42 (91.30%) Developer
2 26 (56.52%) Java Developer
3 15 (32.61%) Electronic Trading Developer
3 15 (32.61%) Electronic Trading Java Developer
4 13 (28.26%) Algorithmic Trading Developer
4 13 (28.26%) Senior Developer
5 10 (21.74%) C++ Developer
5 10 (21.74%) Senior Java Developer
6 7 (15.22%) C++ Developer - Algorithmic Trading
7 5 (10.87%) C++/Java Developer
7 5 (10.87%) Java Developer - Algorithmic Trading
8 4 (8.70%) Low Latency Java Developer
9 3 (6.52%) Analyst
9 3 (6.52%) Automation Test Analyst
9 3 (6.52%) Low Latency C++ Developer
9 3 (6.52%) Test Analyst
10 2 (4.35%) C# Developer
10 2 (4.35%) Quantitative Developer
10 2 (4.35%) Senior C++ Developer
10 2 (4.35%) SQL Developer
Libraries, Frameworks & Software Standards
1 15 (32.61%) FIX Protocol
2 1 (2.17%) AngularJS
2 1 (2.17%) HTML
2 1 (2.17%) HTML5
2 1 (2.17%) Java Concurrency
2 1 (2.17%) Node.js
Miscellaneous
1 23 (50.00%) Foreign Exchange (FX)
2 14 (30.43%) Equities
3 13 (28.26%) Analytical Skills
3 13 (28.26%) Data Structures
4 12 (26.09%) Algorithms
5 3 (6.52%) Fixed Income
6 1 (2.17%) Computer Science
Operating Systems
1 21 (45.65%) Linux
2 5 (10.87%) Unix
3 2 (4.35%) Windows
Processes & Methodologies
1 37 (80.43%) Low Latency
2 24 (52.17%) Multithreading
3 23 (50.00%) Electronic Trading
4 22 (47.83%) Market Making
5 8 (17.39%) Multithreaded Programming
5 8 (17.39%) Requirements Analysis
5 8 (17.39%) Ultra-Low Latency
6 7 (15.22%) Concurrent Programming
6 7 (15.22%) FX Algorithmic Trading
7 6 (13.04%) Analytics
7 6 (13.04%) High-Frequency Trading
7 6 (13.04%) Risk Management
8 5 (10.87%) Quantitative Risk Management
9 3 (6.52%) Test Automation
10 2 (4.35%) Mathematics
10 2 (4.35%) Performance Optimisation
11 1 (2.17%) Data Analysis
11 1 (2.17%) Dependency Injection
11 1 (2.17%) Quantitative Trading
11 1 (2.17%) SDLC
Programming Languages
1 35 (76.09%) Java
2 19 (41.30%) C++
3 3 (6.52%) C#
3 3 (6.52%) Python
3 3 (6.52%) SQL
4 1 (2.17%) Bash Shell
4 1 (2.17%) JavaScript
4 1 (2.17%) Korn
4 1 (2.17%) Perl
Qualifications
1 13 (28.26%) PhD
2 12 (26.09%) Degree
3 1 (2.17%) Computer Science Degree
Vendors
1 1 (2.17%) Currenex