Algorithms Contract Job Trends in the City of London

Algorithms
Central London > City of London

The table below looks at the prevalence of the term Algorithms in contract job vacancies in the City of London. Included is a benchmarking guide to the contractor rates offered in vacancies that cited Algorithms over the 6 months leading up to 4 September 2026, comparing them to the same period in the previous two years.

6 months to
4 Sep 2026
Same period 2025 Same period 2024
Rank 132 85 92
Rank change year-on-year -47 +7 +46
Contract jobs citing Algorithms 7 30 33
As % of all contract jobs in the City of London 0.31% 1.70% 1.60%
As % of the Miscellaneous category 0.86% 4.48% 5.21%
Number of daily rates quoted 5 25 26
10th Percentile £611 £450 £531
25th Percentile £684 £550 £644
Median daily rate (50th Percentile) £705 £625 £708
Median % change year-on-year +12.80% -11.66% -8.71%
75th Percentile £783 £763 £822
90th Percentile £1,060 £920 £919
Central London median daily rate £705 £625 £710
% change year-on-year +12.80% -11.97% -5.33%

All Generic Skills
City of London

Algorithms falls under the General and Transferable Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring generic IT skills in the City of London.

Contract vacancies with a requirement for generic IT skills 816 669 634
As % of all contract IT jobs advertised in the City of London 35.92% 37.93% 30.79%
Number of daily rates quoted 565 458 396
10th Percentile £365 £346 £350
25th Percentile £463 £463 £479
Median daily rate (50th Percentile) £565 £600 £599
Median % change year-on-year -5.83% +0.21% -0.21%
75th Percentile £688 £700 £725
90th Percentile £775 £813 £838
Central London median daily rate £550 £600 £591
% change year-on-year -8.29% +1.48% -1.46%
Number of hourly rates quoted 11 9 5
10th Percentile £19.34 £16.96 £18.40
25th Percentile £21.00 £19.79 £22.00
Median hourly rate £26.13 £27.50 £27.00
Median % change year-on-year -4.98% +1.85% -25.00%
75th Percentile £37.17 £65.57 -
90th Percentile £43.00 £91.00 £66.30
Central London median hourly rate £33.53 £26.98 £25.79
% change year-on-year +24.31% +4.59% -26.31%

Algorithms
Job Vacancy Trend in the City of London

Historical trend showing the proportion of contract IT job postings citing Algorithms relative to all contract IT jobs advertised in the City of London.

Algorithms job vacancy trend in the City of London

Algorithms
Daily Rate Trend in the City of London

Contractor daily rate distribution trend for jobs in the City of London citing Algorithms.

Contractor daily rate distribution trend for jobs in the City of London citing Algorithms

Algorithms
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Algorithms in the City of London over the 6 months to 4 September 2026.

Daily rate histogram for Algorithms in the City of London

Algorithms
Hourly Rate Trend in the City of London

Contractor hourly rate distribution trend for jobs in the City of London citing Algorithms.

Contractor hourly rate distribution trend for jobs in the City of London citing Algorithms

Algorithms
Co-Occurring Skills & Capabilities in the City of London by Category

The following tables expand on the one above by listing co-occurrences grouped by category. They cover the same employment type, locality and period, with up to 20 co-occurrences shown in each category:

Communications & Networking
1 2 (28.57%) Multicast
Database & Business Intelligence
1 1 (14.29%) Data Mining
1 1 (14.29%) KDB
1 1 (14.29%) Kdb+
Development Applications
1 1 (14.29%) QUnit
General
1 4 (57.14%) Finance
2 3 (42.86%) Banking
2 3 (42.86%) Front Office
3 2 (28.57%) Analytical Skills
3 2 (28.57%) Investment Banking
3 2 (28.57%) Social Skills
4 1 (14.29%) Marketing
4 1 (14.29%) Retail
Job Titles
1 4 (57.14%) Senior
2 3 (42.86%) Developer
2 3 (42.86%) Senior Developer
3 2 (28.57%) Java Developer
3 2 (28.57%) Senior Java Developer
4 1 (14.29%) Data Engineer
4 1 (14.29%) KDB Developer
4 1 (14.29%) Product Manager
Libraries, Frameworks & Software Standards
1 2 (28.57%) FIX Protocol
1 2 (28.57%) Ultra Messaging
Miscellaneous
1 3 (42.86%) Distributed Systems
1 3 (42.86%) Foreign Exchange (FX)
2 2 (28.57%) Equities
3 1 (14.29%) Analytical Mindset
3 1 (14.29%) Derivative
3 1 (14.29%) Exotic Derivative
3 1 (14.29%) Fixed Income
3 1 (14.29%) Legacy Systems
3 1 (14.29%) OTC Derivatives
Operating Systems
1 1 (14.29%) Linux
Processes & Methodologies
1 4 (57.14%) Low Latency
2 3 (42.86%) Algorithmic Trading
2 3 (42.86%) Computer Science
2 3 (42.86%) Mathematics
2 3 (42.86%) Translating Business Requirements
3 2 (28.57%) Analytics
3 2 (28.57%) CI/CD
3 2 (28.57%) Concurrent Programming
3 2 (28.57%) Data Science
3 2 (28.57%) Electronic Trading
3 2 (28.57%) Event-Driven
3 2 (28.57%) Event-Driven Architecture
3 2 (28.57%) Integration Patterns
3 2 (28.57%) Machine Learning
3 2 (28.57%) Model Validation
3 2 (28.57%) Multithreading
3 2 (28.57%) Use Case
4 1 (14.29%) Generative AI
4 1 (14.29%) Graph Analytics
4 1 (14.29%) LLM
Programming Languages
1 4 (57.14%) Java
2 3 (42.86%) Python
3 1 (14.29%) C++
3 1 (14.29%) Scala
Qualifications
1 3 (42.86%) Degree
2 2 (28.57%) Master's Degree
3 1 (14.29%) Computer Science Degree
3 1 (14.29%) Numerate Degree
3 1 (14.29%) PhD
Quality Assurance & Compliance
1 1 (14.29%) Data Quality
Vendors
1 2 (28.57%) Microsoft
2 1 (14.29%) Sitecore