Period
to 19 January 2022

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Low Latency skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Low Latency over the 6 months to 19 January 2022 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.

Low Latency
Central London > City of London
6 months to
19 Jan 2022
Same period 2021 Same period 2020
Rank 119 77 139
Rank change year-on-year -42 +62 -3
Contract jobs citing Low Latency 66 53 60
As % of all contract jobs advertised in the City of London 1.65% 2.57% 1.23%
As % of the Processes & Methodologies category 1.82% 2.84% 1.37%
Number of daily rates quoted 59 49 54
10th Percentile £613 £510 £426
25th Percentile £663 £613 £550
Median daily rate (50th Percentile) £725 £675 £650
Median % change year-on-year +7.41% +3.85% -7.14%
75th Percentile £806 £750 £717
90th Percentile £915 £778 £763
Central London median daily rate £725 £675 £650
% change year-on-year +7.41% +3.85% -3.70%

Low Latency 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 3,632 1,867 4,371
As % of all contract IT jobs advertised in the City of London 90.82% 90.37% 89.28%
Number of daily rates quoted 2,821 1,397 3,431
10th Percentile £375 £313 £323
25th Percentile £468 £413 £413
Median daily rate (50th Percentile) £550 £525 £513
Median % change year-on-year +4.76% +2.44% -
75th Percentile £655 £600 £603
90th Percentile £750 £688 £675
Central London median daily rate £550 £513 £510
% change year-on-year +7.21% +0.59% -0.49%
Number of hourly rates quoted 36 23 49
10th Percentile £19.13 £13.63 £12.03
25th Percentile £30.00 £19.50 £14.25
Median hourly rate £43.25 £26.50 £20.00
Median % change year-on-year +63.21% +32.50% +5.26%
75th Percentile £61.75 £36.38 £25.76
90th Percentile £64.25 £46.00 £52.25
Central London median hourly rate £43.25 £27.00 £20.42
% change year-on-year +60.19% +32.26% +6.05%

Low Latency
Job Vacancy Trend in the City of London

Job postings citing Low Latency as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Low Latency in the City of London

Low Latency
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Low Latency in the City of London.

Daily rate trend for Low Latency in the City of London

Low Latency
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Low Latency in the City of London over the 6 months to 19 January 2022.

Daily rate histogram for Low Latency in the City of London

For the 6 months to 19 January 2022, IT contractor jobs citing Low Latency 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 Low Latency.

1 51 (77.27%) Java
2 36 (54.55%) Front Office
3 35 (53.03%) Foreign Exchange (FX)
4 31 (46.97%) Multithreading
5 30 (45.45%) Electronic Trading
5 30 (45.45%) Agile Software Development
6 19 (28.79%) Banking
6 19 (28.79%) Investment Banking
7 18 (27.27%) BDD
7 18 (27.27%) TDD
8 17 (25.76%) CI/CD
9 14 (21.21%) Finance
10 12 (18.18%) Spring
10 12 (18.18%) Microservices
11 11 (16.67%) Garbage Collection
11 11 (16.67%) Enterprise Software
11 11 (16.67%) Java 11
11 11 (16.67%) Continuous Improvement
12 10 (15.15%) Social Skills
13 9 (13.64%) Multithreaded Programming
13 9 (13.64%) Performance Tuning
13 9 (13.64%) JIRA
13 9 (13.64%) Fixed Income
14 8 (12.12%) Equities
14 8 (12.12%) HTML
14 8 (12.12%) Linux
14 8 (12.12%) FIX Protocol
15 7 (10.61%) Kafka
15 7 (10.61%) Analytics
15 7 (10.61%) AWS

Low Latency
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:

Business Applications
1 2 (3.03%) RMDS
Cloud Services
1 7 (10.61%) AWS
2 4 (6.06%) Azure
3 3 (4.55%) Cloud Computing
3 3 (4.55%) Serverless
4 1 (1.52%) Microsoft 365
4 1 (1.52%) Snowflake
Communications & Networking
1 4 (6.06%) LAN
2 3 (4.55%) HTTP
2 3 (4.55%) IGMP
2 3 (4.55%) WAN
3 2 (3.03%) Internet
3 2 (3.03%) Multicast
3 2 (3.03%) TCP/IP
4 1 (1.52%) Cisco IOS
4 1 (1.52%) DHCP
4 1 (1.52%) DNS
4 1 (1.52%) OSPF
Database & Business Intelligence
1 4 (6.06%) Relational Database
2 3 (4.55%) KDB
3 1 (1.52%) GIS
3 1 (1.52%) MongoDB
3 1 (1.52%) NoSQL
3 1 (1.52%) SQL Server
Development Applications
1 9 (13.64%) JIRA
2 6 (9.09%) Git (software)
3 2 (3.03%) webpack
4 1 (1.52%) Jenkins
4 1 (1.52%) JUnit
4 1 (1.52%) Maven
General
1 36 (54.55%) Front Office
2 19 (28.79%) Banking
2 19 (28.79%) Investment Banking
3 14 (21.21%) Finance
4 10 (15.15%) Social Skills
5 3 (4.55%) Influencing Skills
6 1 (1.52%) Advertising
6 1 (1.52%) Analytical Skills
6 1 (1.52%) Back Office
6 1 (1.52%) Financial Institution
6 1 (1.52%) Games
6 1 (1.52%) Public Sector
Job Titles
1 52 (78.79%) Developer
2 47 (71.21%) Java Developer
3 16 (24.24%) Front Office Developer
4 7 (10.61%) Architect
4 7 (10.61%) Electronic Trading Developer
4 7 (10.61%) Electronic Trading Java Developer
5 6 (9.09%) Senior Developer
6 5 (7.58%) Investment Banking Java Developer
7 4 (6.06%) Java Pricing Developer
7 4 (6.06%) Low Latency Java Developer
7 4 (6.06%) Pricing Developer
8 3 (4.55%) .NET Software Engineer
8 3 (4.55%) C# Software Engineer
8 3 (4.55%) Senior Java Developer
8 3 (4.55%) Software Engineer
8 3 (4.55%) Solutions Architect
9 2 (3.03%) DevOps Architect
9 2 (3.03%) E-Commerce Developer
9 2 (3.03%) Full Stack Developer
9 2 (3.03%) Java E-Commerce Developer
Libraries, Frameworks & Software Standards
1 12 (18.18%) Spring
2 8 (12.12%) FIX Protocol
2 8 (12.12%) HTML
3 7 (10.61%) Kafka
4 6 (9.09%) HTML5
5 5 (7.58%) AngularJS
5 5 (7.58%) React
6 4 (6.06%) JMS
6 4 (6.06%) REST
6 4 (6.06%) XML
6 4 (6.06%) XML Messaging
7 3 (4.55%) .NET
7 3 (4.55%) .NET Core
7 3 (4.55%) CSS
7 3 (4.55%) Node.js
7 3 (4.55%) Rendezvous
7 3 (4.55%) Spring Boot
7 3 (4.55%) TIBCO EMS
8 2 (3.03%) Redux
8 2 (3.03%) Twitter Bootstrap
Miscellaneous
1 35 (53.03%) Foreign Exchange (FX)
2 11 (16.67%) Enterprise Software
3 9 (13.64%) Fixed Income
4 8 (12.12%) Equities
5 6 (9.09%) Greenfield Project
6 5 (7.58%) Derivative
7 3 (4.55%) Equity Derivative
8 2 (3.03%) Reference Data
9 1 (1.52%) Eurex
9 1 (1.52%) Hedge funds
9 1 (1.52%) N-Tier
9 1 (1.52%) Virtual Team
Operating Systems
1 8 (12.12%) Linux
2 3 (4.55%) Unix
Processes & Methodologies
1 31 (46.97%) Multithreading
2 30 (45.45%) Agile Software Development
2 30 (45.45%) Electronic Trading
3 18 (27.27%) BDD
3 18 (27.27%) TDD
4 17 (25.76%) CI/CD
5 12 (18.18%) Microservices
6 11 (16.67%) Continuous Improvement
6 11 (16.67%) Garbage Collection
7 9 (13.64%) Multithreaded Programming
7 9 (13.64%) Performance Tuning
8 7 (10.61%) Analytics
8 7 (10.61%) Scrum
8 7 (10.61%) SDLC
9 6 (9.09%) Algorithmic Trading
9 6 (9.09%) API Design
9 6 (9.09%) E-Commerce
9 6 (9.09%) Pair Programming
9 6 (9.09%) Problem-Solving
9 6 (9.09%) Test Automation
Programming Languages
1 51 (77.27%) Java
2 11 (16.67%) Java 11
3 6 (9.09%) C#
4 4 (6.06%) JavaScript
4 4 (6.06%) SQL
5 3 (4.55%) TypeScript
6 2 (3.03%) Python
7 1 (1.52%) Bash
7 1 (1.52%) C++
7 1 (1.52%) Perl
7 1 (1.52%) Ruby
Qualifications
1 3 (4.55%) Degree
2 2 (3.03%) Computer Science Degree
3 1 (1.52%) Master's Degree
3 1 (1.52%) Numerate Degree
Quality Assurance & Compliance
1 5 (7.58%) QA
2 1 (1.52%) Data Quality
System Software
1 3 (4.55%) Docker
Systems Management
1 3 (4.55%) Kubernetes
Vendors
1 4 (6.06%) Cisco
2 3 (4.55%) TIBCO
3 1 (1.52%) Arista
3 1 (1.52%) ION Trading
3 1 (1.52%) Oracle
3 1 (1.52%) Reuters
3 1 (1.52%) Solace