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 3 months to 23 March 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.

3 months to
23 Mar 2017
Same period 2016 Same period 2015
Algo Trading
London / City of London
Rank 142 139 175
Rank change year-on-year -3 +36  
Contract jobs citing Algorithmic Trading 11 22 21
As % of all contract IT jobs advertised in the City of London 0.37% 0.67% 0.42%
As % of the Processes & Methodologies category 0.43% 0.76% 0.51%
Number of daily rates quoted 10 22 21
Median daily rate £550 £700 £550
Median daily rate % change year-on-year -21.42% +27.27%  
90% offered a daily rate of more than £400 £442 £375
10% offered a daily rate of more than £728 £725 £675
UK excluding London median daily rate £414 - £563
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Algorithmic Trading is in the process and methodology skills category. The next 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 and methodology skills.

Contract Process & Methodology Skills
City of London
Contract job vacancies with a requirement for process and methodology skills 2560 2885 4153
As % of all contract IT job vacancies advertised in the City of London 85.48% 87.74% 82.60%
Number of daily rates quoted 2008 2312 3203
Median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.55%  
90% offered a daily rate of more than £345 £325 £313
10% offered a daily rate of more than £625 £625 £625
UK excluding London median daily rate £410 £400 £399
% change year-on-year +2.50% +0.29%  
Number of hourly rates quoted 20 25 35
Median hourly rate £16.00 £19.99 £20.45
Median hourly rate % change year-on-year -19.96% -2.21%  
90% offered a hourly rate of more than £13.50 £13.00 £12.50
10% offered a hourly rate of more than £43.84 £47.50 £92.50
UK excluding London median hourly rate £36.00 £39.00 £30.00
% change year-on-year -7.69% +30.00%  

Algorithmic Trading
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing Algorithmic Trading as a proportion of all contract or permanent IT jobs with a match in the Processes & Methodologies category.

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 3 months to 23 March 2017.

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

Algorithmic Trading
Top 30 Related IT Skills in the City of London

For the 6 months to 23 March 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 12 (66.67%) Java
2 11 (61.11%) Low Latency
3 10 (55.56%) Finance
4 9 (50.00%) Banking
4 9 (50.00%) Multithreading
5 8 (44.44%) Electronic Trading
5 8 (44.44%) Equities
5 8 (44.44%) Algorithms
6 7 (38.89%) Fintech
6 7 (38.89%) Linux
6 7 (38.89%) KDB
6 7 (38.89%) Data Management
7 6 (33.33%) Analytics
7 6 (33.33%) C++
8 5 (27.78%) TWAP
8 5 (27.78%) Analytical Skills
8 5 (27.78%) SQL
8 5 (27.78%) Foreign Exchange (FX)
8 5 (27.78%) Front Office
8 5 (27.78%) VWAP
8 5 (27.78%) Windows
8 5 (27.78%) Investment Banking
8 5 (27.78%) Scrum
9 4 (22.22%) Data Analysis
9 4 (22.22%) Index Arbitrage
9 4 (22.22%) Statistics
9 4 (22.22%) Enterprise Software
9 4 (22.22%) Boost C++ Libraries
9 4 (22.22%) Oracle
9 4 (22.22%) STL

Algorithmic Trading
Top Related 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:

Application Platforms
1 3 (16.67%) Confluence
Communications & Networking
1 1 (5.56%) Multicast
1 1 (5.56%) TCP/IP
Database & Business Intelligence
1 7 (38.89%) KDB
2 4 (22.22%) Kdb+
2 4 (22.22%) Tick Data
Development Applications
1 3 (16.67%) JIRA
General
1 10 (55.56%) Finance
2 9 (50.00%) Banking
3 5 (27.78%) Front Office
3 5 (27.78%) Investment Banking
4 1 (5.56%) Advertising
Job Titles
1 12 (66.67%) Developer
2 7 (38.89%) Java Developer
3 6 (33.33%) Electronic Trading Developer
4 5 (27.78%) C++ Developer
5 4 (22.22%) Electronic Trading Java Developer
6 3 (16.67%) Project Manager
6 3 (16.67%) Senior Developer
7 2 (11.11%) Electronic Trading C++ Developer
7 2 (11.11%) Investment Banking Project Manager
7 2 (11.11%) Senior Java Developer
8 1 (5.56%) Algorithmic Trading Developer
8 1 (5.56%) C++ Developer - Algorithmic Trading
8 1 (5.56%) Development Project Manager
8 1 (5.56%) Documentation Author
8 1 (5.56%) E-Commerce Developer
8 1 (5.56%) Front Office C++ Developer
8 1 (5.56%) IT Project Manager
8 1 (5.56%) Java Pricing Developer
8 1 (5.56%) Low Latency C++ Developer
8 1 (5.56%) Senior C++ Developer
Libraries, Frameworks & Software Standards
1 4 (22.22%) Boost C++ Libraries
1 4 (22.22%) STL
2 1 (5.56%) FIX Protocol
2 1 (5.56%) Middleware
Miscellaneous
1 8 (44.44%) Algorithms
1 8 (44.44%) Equities
2 7 (38.89%) Fintech
3 5 (27.78%) Analytical Skills
3 5 (27.78%) Foreign Exchange (FX)
3 5 (27.78%) TWAP
3 5 (27.78%) VWAP
4 4 (22.22%) Enterprise Software
5 3 (16.67%) Fixed Income
6 2 (11.11%) N-Tier
7 1 (5.56%) Data Structures
7 1 (5.56%) Derivative
7 1 (5.56%) Field-Programmable Gate Array
Operating Systems
1 7 (38.89%) Linux
2 5 (27.78%) Windows
3 3 (16.67%) Unix
Processes & Methodologies
1 11 (61.11%) Low Latency
2 9 (50.00%) Multithreading
3 8 (44.44%) Electronic Trading
4 7 (38.89%) Data Management
5 6 (33.33%) Analytics
6 5 (27.78%) Scrum
7 4 (22.22%) Arbitrage Trading
7 4 (22.22%) Data Analysis
7 4 (22.22%) Index Arbitrage
7 4 (22.22%) Market Making
7 4 (22.22%) Performance Metrics
7 4 (22.22%) Statistics
8 3 (16.67%) Flow Trading
8 3 (16.67%) Risk Management
9 2 (11.11%) Concurrent Programming
9 2 (11.11%) E-Commerce
9 2 (11.11%) High Availability
9 2 (11.11%) Multithreaded Programming
9 2 (11.11%) Performance Tuning
10 1 (5.56%) High-Frequency Trading
Programming Languages
1 12 (66.67%) Java
2 6 (33.33%) C++
3 5 (27.78%) SQL
4 4 (22.22%) C#
4 4 (22.22%) PL/SQL
5 1 (5.56%) Shell Script
Qualifications
1 1 (5.56%) Degree
Quality Assurance & Compliance
1 2 (11.11%) MiFID
Vendors
1 4 (22.22%) Oracle
2 1 (5.56%) Cognizant
2 1 (5.56%) ION Trading
2 1 (5.56%) Solace
City, London
Hatstand Limited
Rate: £400 - £500 per day
Posted: Yesterday