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 26 June 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
London / City of London
3 months to
26 Jun 2017
Same period 2016 Same period 2015
Rank 145 150 175
Rank change year-on-year +5 +25  
Contract jobs citing Algorithmic Trading 24 15 31
As % of all contract IT jobs advertised in the City of London 0.72% 0.45% 0.53%
As % of the Processes & Methodologies category 0.82% 0.53% 0.66%
Number of daily rates quoted 19 15 30
Median daily rate £625 £700 £725
Median daily rate % change year-on-year -10.71% -3.44%  
90% offered a daily rate of more than £420 £670 £500
10% offered a daily rate of more than £705 £725 £750
UK excluding London median daily rate - - £425
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 2925 2856 4712
As % of all contract IT job vacancies advertised in the City of London 88.16% 85.89% 81.13%
Number of daily rates quoted 2250 2341 3708
Median daily rate £500 £475 £468
Median daily rate % change year-on-year +5.26% +1.60%  
90% offered a daily rate of more than £350 £335 £325
10% offered a daily rate of more than £650 £625 £625
UK excluding London median daily rate £415 £400 £380
% change year-on-year +3.75% +5.26%  
Number of hourly rates quoted 23 23 56
Median hourly rate £20.00 £19.00 £24.50
Median hourly rate % change year-on-year +5.26% -22.44%  
90% offered a hourly rate of more than £14.75 £12.50 £15.07
10% offered a hourly rate of more than £41.00 £35.20 £55.50
UK excluding London median hourly rate £34.00 £28.50 £30.00
% change year-on-year +19.29% -5.00%  

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 26 June 2017.

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

For the 6 months to 26 June 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 18 (52.94%) Java
1 18 (52.94%) Finance
1 18 (52.94%) Low Latency
2 16 (47.06%) Equities
2 16 (47.06%) Electronic Trading
3 14 (41.18%) Banking
3 14 (41.18%) Front Office
4 12 (35.29%) Multithreading
5 9 (26.47%) Fintech
5 9 (26.47%) Foreign Exchange (FX)
5 9 (26.47%) Data Management
5 9 (26.47%) MiFID
6 8 (23.53%) KDB
6 8 (23.53%) C#
6 8 (23.53%) SQL
6 8 (23.53%) Windows
6 8 (23.53%) Linux
6 8 (23.53%) Analytics
6 8 (23.53%) Analytical Skills
7 7 (20.59%) Oracle
7 7 (20.59%) Investment Banking
8 6 (17.65%) Statistics
8 6 (17.65%) Data Analysis
8 6 (17.65%) FIX Protocol
8 6 (17.65%) VWAP
8 6 (17.65%) Index Arbitrage
8 6 (17.65%) TWAP
8 6 (17.65%) PL/SQL
8 6 (17.65%) Tick Data
8 6 (17.65%) Enterprise Software

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:

Application Platforms
1 3 (8.82%) Confluence
Communications & Networking
1 1 (2.94%) BGP
1 1 (2.94%) Cisco Nexus
1 1 (2.94%) DMZ
1 1 (2.94%) EIGRP
1 1 (2.94%) Firewall
1 1 (2.94%) Multicast
1 1 (2.94%) NetScaler
1 1 (2.94%) OSPF
1 1 (2.94%) VLAN
1 1 (2.94%) VoIP
1 1 (2.94%) Wi-Fi
Database & Business Intelligence
1 8 (23.53%) KDB
2 6 (17.65%) Kdb+
2 6 (17.65%) Tick Data
3 2 (5.88%) Apache Cassandra
4 1 (2.94%) SQL Server
Development Applications
1 3 (8.82%) JIRA
2 1 (2.94%) Moq
2 1 (2.94%) NUnit
2 1 (2.94%) Sonatype Nexus
General
1 18 (52.94%) Finance
2 14 (41.18%) Banking
2 14 (41.18%) Front Office
3 7 (20.59%) Investment Banking
4 3 (8.82%) Back Office
5 1 (2.94%) Advertising
Job Titles
1 17 (50.00%) Developer
2 12 (35.29%) Java Developer
3 9 (26.47%) Electronic Trading Developer
3 9 (26.47%) Electronic Trading Java Developer
4 8 (23.53%) Analyst
5 6 (17.65%) Business Analyst
6 5 (14.71%) Senior Developer
7 4 (11.76%) Project Manager
7 4 (11.76%) Senior Java Developer
8 3 (8.82%) Algo Trading Business Analyst
8 3 (8.82%) C++ Developer
8 3 (8.82%) Java Swing Developer
9 2 (5.88%) Applications Support
9 2 (5.88%) Author
9 2 (5.88%) Documentation Author
9 2 (5.88%) Front Office Developer
9 2 (5.88%) Investment Banking Project Manager
9 2 (5.88%) Low Latency Java Developer
9 2 (5.88%) Oracle Developer
9 2 (5.88%) Technical Author
Libraries, Frameworks & Software Standards
1 6 (17.65%) FIX Protocol
2 3 (8.82%) Boost C++ Libraries
2 3 (8.82%) STL
2 3 (8.82%) Swing
3 2 (5.88%) Kafka
4 1 (2.94%) .NET
4 1 (2.94%) AngularJS
4 1 (2.94%) HTML
4 1 (2.94%) HTML5
4 1 (2.94%) Middleware
4 1 (2.94%) Node.js
4 1 (2.94%) React
4 1 (2.94%) WinForms
4 1 (2.94%) WPF
Miscellaneous
1 16 (47.06%) Equities
2 9 (26.47%) Fintech
2 9 (26.47%) Foreign Exchange (FX)
3 8 (23.53%) Analytical Skills
4 6 (17.65%) Algorithms
4 6 (17.65%) Enterprise Software
4 6 (17.65%) TWAP
4 6 (17.65%) VWAP
5 4 (11.76%) Derivative
6 2 (5.88%) Data Structures
6 2 (5.88%) Fixed Income
7 1 (2.94%) Computer Science
7 1 (2.94%) Greenfield Project
7 1 (2.94%) N-Tier
Operating Systems
1 8 (23.53%) Linux
1 8 (23.53%) Windows
2 2 (5.88%) Unix
Processes & Methodologies
1 18 (52.94%) Low Latency
2 16 (47.06%) Electronic Trading
3 12 (35.29%) Multithreading
4 9 (26.47%) Data Management
5 8 (23.53%) Analytics
6 6 (17.65%) Arbitrage Trading
6 6 (17.65%) Automated Trading
6 6 (17.65%) Data Analysis
6 6 (17.65%) Index Arbitrage
6 6 (17.65%) Market Making
6 6 (17.65%) Performance Metrics
6 6 (17.65%) Statistics
7 4 (11.76%) Risk Management
7 4 (11.76%) Scrum
8 3 (8.82%) Flow Trading
8 3 (8.82%) Project Management
9 2 (5.88%) Concurrent Programming
9 2 (5.88%) FX Algorithmic Trading
9 2 (5.88%) SDLC
9 2 (5.88%) Workflow
Programming Languages
1 18 (52.94%) Java
2 8 (23.53%) C#
2 8 (23.53%) SQL
3 6 (17.65%) PL/SQL
4 3 (8.82%) C++
5 2 (5.88%) Perl
5 2 (5.88%) Python
5 2 (5.88%) Shell Script
6 1 (2.94%) Bash Shell
6 1 (2.94%) JavaScript
6 1 (2.94%) Scala
6 1 (2.94%) T-SQL
Qualifications
1 1 (2.94%) CCNP
1 1 (2.94%) Cisco Certification
1 1 (2.94%) Degree
1 1 (2.94%) Numerate Degree
Quality Assurance & Compliance
1 9 (26.47%) MiFID
2 1 (2.94%) QA
Systems Management
1 1 (2.94%) Cacti
1 1 (2.94%) Cisco Prime
Vendors
1 7 (20.59%) Oracle
2 5 (14.71%) Fidessa
3 1 (2.94%) Arista
3 1 (2.94%) Bloomberg
3 1 (2.94%) CheckPoint
3 1 (2.94%) Cisco
3 1 (2.94%) Citrix
3 1 (2.94%) Fortinet
3 1 (2.94%) Infragistics
3 1 (2.94%) ION Trading
3 1 (2.94%) NetScout
3 1 (2.94%) Solace
3 1 (2.94%) Sybase
3 1 (2.94%) Typemock
City, London
Hays Finance Technology
Rate: £550.00 - £700.00 per day
Posted: 12 hours ago
City, London
Source Technology
Rate: From £700 to £800 per day
Posted: 6 days ago
City, London
Exclusive Recruitment
Rate: From £55,000 to £85,000 per annum
Posted: 5 days ago