Period
to 21 January 2019

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 January 2019 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 Jan 2019
Same period 2018 Same period 2017
Rank 219 198 209
Rank change year-on-year -21 +11 -45
Contract jobs citing Algorithmic Trading 32 51 24
As % of all contract IT jobs advertised in the City of London 0.47% 0.73% 0.39%
As % of the Processes & Methodologies category 0.54% 0.82% 0.44%
Number of daily rates quoted 31 47 23
City of London median daily rate £725 £700 £650
Median daily rate % change year-on-year +3.57% +7.69% -
10th Percentile £413 £555 £425
90th Percentile £788 £883 £775
Central London median daily rate £725 £700 £650
% change year-on-year +3.57% +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 5,940 6,223 5,493
As % of all contract IT jobs advertised in the City of London 87.83% 89.03% 88.94%
Number of daily rates quoted 4,645 4,976 4,361
City of London median daily rate £513 £500 £475
Median daily rate % change year-on-year +2.50% +5.26% -
10th Percentile £315 £325 £313
90th Percentile £675 £688 £669
Central London median daily rate £513 £500 £475
% change year-on-year +2.50% +5.26% +5.32%
Number of hourly rates quoted 63 59 49
City of London median hourly rate £19.00 £18.70 £20.75
Median hourly rate % change year-on-year +1.60% -9.88% -5.68%
10th Percentile £13.00 £11.74 £13.70
90th Percentile £36.67 £31.10 £55.00
Central London median hourly rate £19.63 £20.50 £19.00
% change year-on-year -4.27% +7.89% -12.37%

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 January 2019.

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

For the 6 months to 21 January 2019, 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 26 (81.25%) Java
2 19 (59.38%) Front Office
3 18 (56.25%) Low Latency
4 17 (53.13%) Foreign Exchange (FX)
5 16 (50.00%) Equities
6 14 (43.75%) Finance
7 12 (37.50%) Multithreading
8 11 (34.38%) Multithreaded Programming
9 10 (31.25%) Java 8
9 10 (31.25%) FX Algorithmic Trading
10 9 (28.13%) Banking
10 9 (28.13%) FIX Protocol
11 8 (25.00%) Performance Optimisation
12 6 (18.75%) Electronic Trading
13 4 (12.50%) WebSockets
13 4 (12.50%) HTML5
13 4 (12.50%) Agile Software Development
13 4 (12.50%) HTML
13 4 (12.50%) Unix
13 4 (12.50%) SDLC
14 3 (9.38%) Ultra-Low Latency
14 3 (9.38%) DevOps
14 3 (9.38%) Open Source
14 3 (9.38%) Greenfield Project
14 3 (9.38%) Linux
14 3 (9.38%) JavaScript
14 3 (9.38%) C#
14 3 (9.38%) SQL
14 3 (9.38%) Fixed Income
14 3 (9.38%) KDB

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:

Cloud Services
1 2 (6.25%) GitHub
2 1 (3.13%) Microsoft Azure
Database & Business Intelligence
1 3 (9.38%) KDB
2 1 (3.13%) SQL Server
Development Applications
1 2 (6.25%) Jenkins
General
1 19 (59.38%) Front Office
2 14 (43.75%) Finance
3 9 (28.13%) Banking
4 3 (9.38%) Investment Banking
Job Titles
1 26 (81.25%) Developer
2 18 (56.25%) Java Developer
3 4 (12.50%) Full Stack Developer
4 3 (9.38%) Analyst
4 3 (9.38%) Applications Support
4 3 (9.38%) Applications Support Analyst
4 3 (9.38%) Front Office Developer
4 3 (9.38%) Support Analyst
4 3 (9.38%) Unix Support
5 2 (6.25%) Scala Developer
5 2 (6.25%) Senior Developer
5 2 (6.25%) Senior Full Stack Developer
5 2 (6.25%) Unix Analyst
5 2 (6.25%) Unix Support Analyst
6 1 (3.13%) Azure Engineer
6 1 (3.13%) Electronic Trading Developer
6 1 (3.13%) Java Scala Software Engineer
6 1 (3.13%) Scala Software Engineer
6 1 (3.13%) Senior DevOps
6 1 (3.13%) Senior DevOps Engineer
Libraries, Frameworks & Software Standards
1 9 (28.13%) FIX Protocol
2 4 (12.50%) HTML
2 4 (12.50%) HTML5
2 4 (12.50%) WebSockets
3 3 (9.38%) Java Concurrency
4 2 (6.25%) Node.js
4 2 (6.25%) REST
Miscellaneous
1 17 (53.13%) Foreign Exchange (FX)
2 16 (50.00%) Equities
3 3 (9.38%) Derivative
3 3 (9.38%) Fixed Income
3 3 (9.38%) Greenfield Project
3 3 (9.38%) Hedge funds
4 2 (6.25%) Fintech
4 2 (6.25%) User Experience
5 1 (3.13%) Analytical Skills
Operating Systems
1 4 (12.50%) Unix
2 3 (9.38%) Linux
3 1 (3.13%) Solaris
3 1 (3.13%) Windows
Processes & Methodologies
1 18 (56.25%) Low Latency
2 12 (37.50%) Multithreading
3 11 (34.38%) Multithreaded Programming
4 10 (31.25%) FX Algorithmic Trading
5 8 (25.00%) Performance Optimisation
6 6 (18.75%) Electronic Trading
7 4 (12.50%) Agile Software Development
7 4 (12.50%) SDLC
8 3 (9.38%) Computer Science
8 3 (9.38%) DevOps
8 3 (9.38%) Open Source
8 3 (9.38%) Software Engineering
8 3 (9.38%) Ultra-Low Latency
9 2 (6.25%) Analytics
9 2 (6.25%) BDD
9 2 (6.25%) Data Visualisation
9 2 (6.25%) Functional Testing
9 2 (6.25%) Problem Management
9 2 (6.25%) Test Automation
9 2 (6.25%) Unit Testing
Programming Languages
1 26 (81.25%) Java
2 10 (31.25%) Java 8
3 3 (9.38%) C#
3 3 (9.38%) JavaScript
3 3 (9.38%) Scala
3 3 (9.38%) SQL
4 2 (6.25%) Perl
4 2 (6.25%) Python
4 2 (6.25%) Shell Script
5 1 (3.13%) C++
5 1 (3.13%) VBA
Quality Assurance & Compliance
1 2 (6.25%) QA
System Software
1 1 (3.13%) Docker
Systems Management
1 1 (3.13%) Kubernetes
Vendors
1 2 (6.25%) Currenex
1 2 (6.25%) Oracle
1 2 (6.25%) Sybase
2 1 (3.13%) Fidessa
2 1 (3.13%) Splunk