Period
to 19 October 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 19 October 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
19 Oct 2018
Same period 2017 Same period 2016
Rank 214 189 212
Rank change year-on-year -25 +23 -14
Contract jobs citing Algorithmic Trading 41 55 28
As % of all contract IT jobs advertised in the City of London 0.59% 0.80% 0.42%
As % of the Processes & Methodologies category 0.68% 0.90% 0.48%
Number of daily rates quoted 39 48 27
City of London median daily rate £725 £675 £625
Median daily rate % change year-on-year +7.41% +8.00% -3.85%
10th Percentile £638 £523 £425
90th Percentile £788 £863 £725
Central London median daily rate £725 £675 £625
% change year-on-year +7.41% +8.00% -3.85%
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 6,053 6,122 5,858
As % of all contract IT jobs advertised in the City of London 86.47% 89.15% 87.91%
Number of daily rates quoted 4,822 4,825 4,684
City of London median daily rate £510 £500 £475
Median daily rate % change year-on-year +2.00% +5.26% +2.70%
10th Percentile £325 £325 £313
90th Percentile £675 £675 £663
Central London median daily rate £500 £500 £475
% change year-on-year - +5.26% +5.56%
Number of hourly rates quoted 96 55 53
City of London median hourly rate £18.70 £18.70 £19.92
Median hourly rate % change year-on-year - -6.12% -0.40%
10th Percentile £13.00 £13.31 £11.25
90th Percentile £33.38 £31.20 £54.03
Central London median hourly rate £18.70 £18.70 £19.00
% change year-on-year - -1.58% -5.00%

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 October 2018.

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

For the 6 months to 19 October 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 38 (92.68%) Java
2 34 (82.93%) Low Latency
3 25 (60.98%) Front Office
4 18 (43.90%) Multithreading
5 17 (41.46%) Equities
6 15 (36.59%) Multithreaded Programming
7 14 (34.15%) Java 8
7 14 (34.15%) Performance Optimisation
7 14 (34.15%) Finance
7 14 (34.15%) Foreign Exchange (FX)
8 12 (29.27%) FIX Protocol
8 12 (29.27%) FX Algorithmic Trading
9 11 (26.83%) Electronic Trading
10 10 (24.39%) Market Making
11 9 (21.95%) Ultra-Low Latency
11 9 (21.95%) Banking
12 8 (19.51%) SDLC
13 7 (17.07%) Derivative
14 5 (12.20%) Requirements Analysis
15 4 (9.76%) Linux
15 4 (9.76%) Greenfield Project
15 4 (9.76%) Computer Science
16 3 (7.32%) VBA
16 3 (7.32%) SQL Server
17 2 (4.88%) Unix
17 2 (4.88%) Solaris
17 2 (4.88%) Oracle
17 2 (4.88%) C++
17 2 (4.88%) Python
17 2 (4.88%) Microsoft Excel

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 2 (4.88%) Microsoft Excel
Database & Business Intelligence
1 3 (7.32%) SQL Server
2 2 (4.88%) RDBMS
2 2 (4.88%) Relational Database
3 1 (2.44%) KDB
General
1 25 (60.98%) Front Office
2 14 (34.15%) Finance
3 9 (21.95%) Banking
Job Titles
1 40 (97.56%) Developer
2 35 (85.37%) Java Developer
3 7 (17.07%) Electronic Trading Developer
3 7 (17.07%) Senior Developer
4 6 (14.63%) Electronic Trading Java Developer
4 6 (14.63%) Senior Java Developer
5 5 (12.20%) Front Office Developer
6 2 (4.88%) Algorithmic Trading Developer
6 2 (4.88%) C++ Developer
6 2 (4.88%) Python Developer
6 2 (4.88%) Senior Algorithmic Trading Developer
6 2 (4.88%) Senior Python Developer
7 1 (2.44%) Analyst
7 1 (2.44%) Applications Support
7 1 (2.44%) Applications Support Analyst
7 1 (2.44%) C# Developer
7 1 (2.44%) Core Java Developer
7 1 (2.44%) Java Developer - Algorithmic Trading
7 1 (2.44%) Support Analyst
Libraries, Frameworks & Software Standards
1 12 (29.27%) FIX Protocol
2 1 (2.44%) WinForms
2 1 (2.44%) WPF
Miscellaneous
1 17 (41.46%) Equities
2 14 (34.15%) Foreign Exchange (FX)
3 7 (17.07%) Derivative
4 4 (9.76%) Computer Science
4 4 (9.76%) Greenfield Project
5 2 (4.88%) Analytical Skills
Operating Systems
1 4 (9.76%) Linux
2 2 (4.88%) Solaris
2 2 (4.88%) Unix
Processes & Methodologies
1 34 (82.93%) Low Latency
2 18 (43.90%) Multithreading
3 15 (36.59%) Multithreaded Programming
4 14 (34.15%) Performance Optimisation
5 12 (29.27%) FX Algorithmic Trading
6 11 (26.83%) Electronic Trading
7 10 (24.39%) Market Making
8 9 (21.95%) Ultra-Low Latency
9 8 (19.51%) SDLC
10 5 (12.20%) Requirements Analysis
11 2 (4.88%) Agile Software Development
11 2 (4.88%) Automated Trading
11 2 (4.88%) Migration
11 2 (4.88%) Unit Testing
12 1 (2.44%) Benchmarking
12 1 (2.44%) Concurrent Programming
12 1 (2.44%) Mathematics
Programming Languages
1 38 (92.68%) Java
2 14 (34.15%) Java 8
3 3 (7.32%) VBA
4 2 (4.88%) C++
4 2 (4.88%) Python
5 1 (2.44%) C#
Vendors
1 2 (4.88%) Currenex
1 2 (4.88%) Oracle