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 11 August 2026, comparing them to the same period in the previous two years.

6 months to
11 Aug 2026
Same period 2025 Same period 2024
Rank 130 103 93
Rank change year-on-year -27 -10 +47
Contract jobs citing Algorithms 9 27 33
As % of all contract jobs in the City of London 0.38% 1.44% 1.59%
As % of the Miscellaneous category 1.11% 3.96% 5.11%
Number of daily rates quoted 5 22 26
10th Percentile £611 £413 £552
25th Percentile £684 £541 £644
Median daily rate (50th Percentile) £705 £594 £710
Median % change year-on-year +18.74% -16.37% +5.19%
75th Percentile £783 £752 £872
90th Percentile £850 £819 £963
Central London median daily rate £705 £619 £710
% change year-on-year +13.94% -12.85% +18.33%

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 811 681 646
As % of all contract IT jobs advertised in the City of London 34.06% 36.42% 31.16%
Number of daily rates quoted 554 458 423
10th Percentile £363 £350 £350
25th Percentile £463 £458 £475
Median daily rate (50th Percentile) £563 £600 £589
Median % change year-on-year -6.25% +1.95% -3.92%
75th Percentile £688 £700 £711
90th Percentile £775 £803 £838
Central London median daily rate £551 £586 £578
% change year-on-year -5.98% +1.39% -3.75%
Number of hourly rates quoted 12 9 5
10th Percentile £19.36 £16.96 £18.40
25th Percentile £21.75 £22.00 £22.00
Median hourly rate £28.07 £31.00 £27.00
Median % change year-on-year -9.47% +14.81% -27.84%
75th Percentile £41.69 £65.57 -
90th Percentile £62.80 £91.00 £66.30
Central London median hourly rate £35.41 £28.29 £25.40
% change year-on-year +25.19% +11.36% -27.43%

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 11 August 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:

Business Applications
1 1 (11.11%) Bloomberg AIM
1 1 (11.11%) Fidessa
Cloud Services
1 2 (22.22%) AWS
2 1 (11.11%) Amazon ECS
2 1 (11.11%) Amazon EKS
Communications & Networking
1 2 (22.22%) Multicast
Database & Business Intelligence
1 1 (11.11%) Big Data
1 1 (11.11%) Data Mining
1 1 (11.11%) Neo4j
1 1 (11.11%) Redis
1 1 (11.11%) SQL Server
Development Applications
1 1 (11.11%) Octopus Deploy
1 1 (11.11%) TeamCity
General
1 4 (44.44%) Banking
1 4 (44.44%) Front Office
1 4 (44.44%) Social Skills
2 3 (33.33%) Analytical Skills
2 3 (33.33%) Finance
2 3 (33.33%) Investment Banking
3 2 (22.22%) Retail
4 1 (11.11%) Corporate Banking
4 1 (11.11%) Documentation Skills
4 1 (11.11%) Marketing
4 1 (11.11%) Presentation Skills
4 1 (11.11%) Retail Banking
Job Titles
1 3 (33.33%) Developer
1 3 (33.33%) Senior
2 2 (22.22%) Java Developer
2 2 (22.22%) Senior Developer
2 2 (22.22%) Senior Java Developer
3 1 (11.11%) C# Developer
3 1 (11.11%) C# Developer - Commodities
3 1 (11.11%) C# Quant Developer
3 1 (11.11%) Data Engineer
3 1 (11.11%) Data Scientist
3 1 (11.11%) Electronics Engineer
3 1 (11.11%) Product Manager
3 1 (11.11%) Quantitative Developer
Libraries, Frameworks & Software Standards
1 3 (33.33%) FIX Protocol
2 2 (22.22%) Ultra Messaging
3 1 (11.11%) AngularJS
3 1 (11.11%) GraphX
3 1 (11.11%) JMS
3 1 (11.11%) Kafka
3 1 (11.11%) Middleware
3 1 (11.11%) NetworkX
3 1 (11.11%) PySpark
3 1 (11.11%) PyTorch
3 1 (11.11%) React
3 1 (11.11%) REST
3 1 (11.11%) scikit-learn
3 1 (11.11%) TensorFlow
Miscellaneous
1 3 (33.33%) Distributed Systems
1 3 (33.33%) Equities
1 3 (33.33%) Foreign Exchange (FX)
2 2 (22.22%) Derivative
3 1 (11.11%) Analytical Mindset
3 1 (11.11%) Data Structures
3 1 (11.11%) Exotic Derivative
3 1 (11.11%) Hybrid Cloud
3 1 (11.11%) Legacy Systems
3 1 (11.11%) Market Risk
3 1 (11.11%) OTC Derivatives
Processes & Methodologies
1 4 (44.44%) Analytics
1 4 (44.44%) Electronic Trading
1 4 (44.44%) Low Latency
2 3 (33.33%) Algorithmic Trading
2 3 (33.33%) Computer Science
2 3 (33.33%) Concurrent Programming
2 3 (33.33%) Data Science
2 3 (33.33%) Integration Patterns
2 3 (33.33%) Machine Learning
2 3 (33.33%) Mathematics
2 3 (33.33%) Multithreading
2 3 (33.33%) Problem-Solving
2 3 (33.33%) Translating Business Requirements
3 2 (22.22%) CI/CD
3 2 (22.22%) Event-Driven
3 2 (22.22%) Event-Driven Architecture
3 2 (22.22%) Graph Analytics
3 2 (22.22%) Microservices
3 2 (22.22%) Model Validation
3 2 (22.22%) Predictive Modelling
Programming Languages
1 5 (55.56%) Java
1 5 (55.56%) Python
2 2 (22.22%) SQL
3 1 (11.11%) C#
3 1 (11.11%) C++
3 1 (11.11%) Scala
Qualifications
1 3 (33.33%) Degree
2 2 (22.22%) Master's Degree
3 1 (11.11%) Computer Science Degree
3 1 (11.11%) Numerate Degree
3 1 (11.11%) PhD
Quality Assurance & Compliance
1 1 (11.11%) Data Quality
Systems Management
1 1 (11.11%) Grafana
Vendors
1 2 (22.22%) Microsoft
2 1 (11.11%) AppDynamics
2 1 (11.11%) Bloomberg
2 1 (11.11%) Charles River
2 1 (11.11%) Sitecore
2 1 (11.11%) Splunk