Period
to 20 July 2018

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 20 July 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.

Low Latency
Central London > City of London
6 months to
20 Jul 2018
Same period 2017 Same period 2016
Rank 101 88 133
Rank change year-on-year -13 +45 +14
Contract jobs citing Low Latency 176 165 117
As % of all contract IT jobs advertised in the City of London 2.48% 2.56% 1.71%
As % of the Processes & Methodologies category 2.85% 2.91% 1.95%
Number of daily rates quoted 162 150 114
City of London median daily rate £675 £625 £600
Median daily rate % change year-on-year +8.00% +4.17% -4.00%
10th Percentile £513 £416 £425
90th Percentile £813 £726 £738
Central London median daily rate £650 £600 £600
% change year-on-year +8.33% - -4.00%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

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 6,172 5,666 5,986
As % of all contract IT jobs advertised in the City of London 86.89% 87.93% 87.37%
Number of daily rates quoted 4,880 4,372 4,818
City of London median daily rate £513 £500 £475
Median daily rate % change year-on-year +2.50% +5.26% +5.56%
10th Percentile £338 £313 £310
90th Percentile £688 £675 £650
Central London median daily rate £500 £500 £473
% change year-on-year - +5.82% +5.00%
Number of hourly rates quoted 111 56 56
City of London median hourly rate £18.70 £20.52 £19.99
Median hourly rate % change year-on-year -8.87% +2.64% -4.80%
10th Percentile £13.00 £13.31 £11.38
90th Percentile £33.00 £32.06 £37.91
Central London median hourly rate £18.70 £18.70 £20.00
% change year-on-year - -6.50% -1.10%

Low Latency
Job Vacancy Trend in the City of London

Job postings citing Low Latency as a percentage 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

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Low Latency in the City of London.

Contractor daily rate trend for Low Latency in the City of London

Low Latency
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Low Latency in the City of London over the 6 months to 20 July 2018.

Contractor daily rate histogram for Low Latency in the City of London

Low Latency
Contractor Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Low Latency in the City of London.

Contractor hourly rate trend for Low Latency in the City of London

For the 6 months to 20 July 2018, 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.

1 144 (81.82%) Java
2 91 (51.70%) Multithreading
3 78 (44.32%) Electronic Trading
4 67 (38.07%) Front Office
5 50 (28.41%) Java 8
6 47 (26.70%) Banking
7 44 (25.00%) Agile Software Development
7 44 (25.00%) Finance
7 44 (25.00%) Foreign Exchange (FX)
8 43 (24.43%) FIX Protocol
9 38 (21.59%) Algorithmic Trading
9 38 (21.59%) Equities
10 34 (19.32%) Derivative
11 30 (17.05%) Investment Banking
12 27 (15.34%) Linux
13 24 (13.64%) TDD
14 21 (11.93%) Market Making
14 21 (11.93%) Multithreaded Programming
15 20 (11.36%) Concurrent Programming
15 20 (11.36%) Ultra-Low Latency
16 19 (10.80%) Fixed Income
17 17 (9.66%) Scala
18 16 (9.09%) Equity Derivative
18 16 (9.09%) Migration
18 16 (9.09%) Greenfield Project
19 15 (8.52%) SQL
20 14 (7.95%) JUnit
20 14 (7.95%) High Availability
21 13 (7.39%) Kafka
21 13 (7.39%) Unix

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:

Application Platforms
1 5 (2.84%) Apache Spark
2 4 (2.27%) Tomcat
3 2 (1.14%) Apache Solr
3 2 (1.14%) Jetty
4 1 (0.57%) Elasticsearch
Business Applications
1 4 (2.27%) RMDS
Cloud Services
1 6 (3.41%) Amazon AWS
2 3 (1.70%) Microsoft Azure
3 2 (1.14%) Cloud Computing
4 1 (0.57%) Amazon EMR
4 1 (0.57%) Amazon S3
4 1 (0.57%) SaaS
Communications & Networking
1 8 (4.55%) Internet
2 5 (2.84%) Firewall
2 5 (2.84%) Multicast
2 5 (2.84%) TCP/IP
3 4 (2.27%) Cisco IOS
3 4 (2.27%) DHCP
3 4 (2.27%) DNS
3 4 (2.27%) Extranet
3 4 (2.27%) LAN
3 4 (2.27%) OSPF
4 2 (1.14%) BIG-IP
5 1 (0.57%) DMZ
5 1 (0.57%) HTTP
5 1 (0.57%) Kerberos
5 1 (0.57%) Network Security
Database & Business Intelligence
1 7 (3.98%) Big Data
1 7 (3.98%) KDB
2 6 (3.41%) Hadoop
2 6 (3.41%) MySQL
3 4 (2.27%) Kdb+
3 4 (2.27%) NoSQL
4 3 (1.70%) Redis
4 3 (1.70%) Relational Database
4 3 (1.70%) SQL Server
5 2 (1.14%) Blockchain
5 2 (1.14%) Impala
5 2 (1.14%) MongoDB
5 2 (1.14%) Oracle Database
5 2 (1.14%) Oracle Database 10g
5 2 (1.14%) Oracle Database 11g
5 2 (1.14%) PostgreSQL
5 2 (1.14%) RDBMS
6 1 (0.57%) Apache Zeppelin
6 1 (0.57%) Cloudera CDH
6 1 (0.57%) Enterprise Data Warehouse
Development Applications
1 14 (7.95%) JUnit
2 10 (5.68%) Mockito
3 9 (5.11%) Jenkins
4 7 (3.98%) Maven
5 6 (3.41%) Gradle
6 5 (2.84%) Git (software)
7 4 (2.27%) Cucumber
8 3 (1.70%) Moq
8 3 (1.70%) NUnit
9 2 (1.14%) GitLab
9 2 (1.14%) GoogleTest
9 2 (1.14%) JIRA
9 2 (1.14%) jMock
9 2 (1.14%) SoapUI
9 2 (1.14%) TestNG
10 1 (0.57%) Atlassian Bamboo
10 1 (0.57%) Liquibase
10 1 (0.57%) Rhino Mocks
10 1 (0.57%) SpecFlow
10 1 (0.57%) Subversion
General
1 67 (38.07%) Front Office
2 47 (26.70%) Banking
3 44 (25.00%) Finance
4 30 (17.05%) Investment Banking
5 3 (1.70%) Financial Institution
5 3 (1.70%) Games
6 1 (0.57%) Back Office
6 1 (0.57%) Digital Economy
6 1 (0.57%) General Ledger
6 1 (0.57%) Legal
6 1 (0.57%) Marketing
6 1 (0.57%) Telecoms
Job Titles
1 138 (78.41%) Developer
2 110 (62.50%) Java Developer
3 37 (21.02%) Senior Developer
4 34 (19.32%) Front Office Developer
5 32 (18.18%) Senior Java Developer
6 25 (14.20%) Electronic Trading Developer
6 25 (14.20%) Electronic Trading Java Developer
7 13 (7.39%) Java Engineer
7 13 (7.39%) Low Latency Java Developer
8 7 (3.98%) C# Developer
9 6 (3.41%) C++ Developer
9 6 (3.41%) Core Java Developer
9 6 (3.41%) Scala Developer
10 5 (2.84%) Credit Risk Developer
10 5 (2.84%) Credit Risk Java Developer
10 5 (2.84%) Senior Credit Risk Java Developer
11 4 (2.27%) Java Software Engineer
11 4 (2.27%) Software Engineer
12 3 (1.70%) Deployment Engineer
12 3 (1.70%) Network Engineer
Libraries, Frameworks & Software Standards
1 43 (24.43%) FIX Protocol
2 13 (7.39%) Kafka
3 11 (6.25%) REST
4 8 (4.55%) HTML
4 8 (4.55%) Spring
5 7 (3.98%) Java Concurrency
6 6 (3.41%) .NET
6 6 (3.41%) HTML5
6 6 (3.41%) Middleware
7 5 (2.84%) Akka
7 5 (2.84%) AngularJS
8 4 (2.27%) Hibernate
8 4 (2.27%) React
8 4 (2.27%) RESTful
8 4 (2.27%) Spring Boot
9 3 (1.70%) Boost C++ Libraries
9 3 (1.70%) JMS
9 3 (1.70%) JSON
9 3 (1.70%) Redux
9 3 (1.70%) WCF
Miscellaneous
1 44 (25.00%) Foreign Exchange (FX)
2 38 (21.59%) Equities
3 34 (19.32%) Derivative
4 19 (10.80%) Fixed Income
5 16 (9.09%) Equity Derivative
5 16 (9.09%) Greenfield Project
6 9 (5.11%) Data Structures
7 8 (4.55%) Algorithms
7 8 (4.55%) Analytical Skills
8 7 (3.98%) Computer Science
9 5 (2.84%) Credit Risk
9 5 (2.84%) Data Centre
10 4 (2.27%) Eurex
10 4 (2.27%) Fintech
10 4 (2.27%) Hedge funds
10 4 (2.27%) Virtual Team
11 3 (1.70%) Clustering
11 3 (1.70%) e-Health
11 3 (1.70%) Enterprise Software
12 2 (1.14%) RIA
Operating Systems
1 27 (15.34%) Linux
2 13 (7.39%) Unix
3 3 (1.70%) Windows
Processes & Methodologies
1 91 (51.70%) Multithreading
2 78 (44.32%) Electronic Trading
3 44 (25.00%) Agile Software Development
4 38 (21.59%) Algorithmic Trading
5 24 (13.64%) TDD
6 21 (11.93%) Market Making
6 21 (11.93%) Multithreaded Programming
7 20 (11.36%) Concurrent Programming
7 20 (11.36%) Ultra-Low Latency
8 16 (9.09%) Migration
9 14 (7.95%) High Availability
10 12 (6.82%) DevOps
11 11 (6.25%) Microservices
11 11 (6.25%) Performance Optimisation
12 9 (5.11%) Scrum
13 8 (4.55%) BDD
13 8 (4.55%) Requirements Analysis
14 7 (3.98%) Continuous Integration
15 6 (3.41%) Functional Programming
15 6 (3.41%) Unit Testing
Programming Languages
1 144 (81.82%) Java
2 50 (28.41%) Java 8
3 17 (9.66%) Scala
4 15 (8.52%) SQL
5 11 (6.25%) Python
6 8 (4.55%) C#
6 8 (4.55%) C++
6 8 (4.55%) Clojure
7 7 (3.98%) JavaScript
8 5 (2.84%) C
9 4 (2.27%) Kotlin
10 2 (1.14%) ES6
10 2 (1.14%) Groovy
10 2 (1.14%) T-SQL
11 1 (0.57%) Bash Shell
11 1 (0.57%) Perl
Qualifications
1 8 (4.55%) Degree
2 2 (1.14%) CCIE
2 2 (1.14%) CCNA
2 2 (1.14%) CCNP
2 2 (1.14%) Cisco Certification
3 1 (0.57%) Computer Science Degree
3 1 (0.57%) PhD
3 1 (0.57%) Security Cleared
Quality Assurance & Compliance
1 2 (1.14%) QA
System Software
1 9 (5.11%) Docker
2 2 (1.14%) HDFS
3 1 (0.57%) Apache ZooKeeper
Systems Management
1 3 (1.70%) Ansible
2 2 (1.14%) Control-M
2 2 (1.14%) ITRS Geneos
2 2 (1.14%) Kubernetes
3 1 (0.57%) Oozie
3 1 (0.57%) Terraform
Vendors
1 7 (3.98%) Oracle
2 5 (2.84%) CheckPoint
2 5 (2.84%) Cisco
3 4 (2.27%) Reuters
3 4 (2.27%) TIBCO
4 3 (1.70%) Red Hat
5 2 (1.14%) Arista
5 2 (1.14%) Currenex
5 2 (1.14%) F5
5 2 (1.14%) Google
5 2 (1.14%) Solace
5 2 (1.14%) Sybase
5 2 (1.14%) Typemock
6 1 (0.57%) Cloudera
6 1 (0.57%) Greenplum
6 1 (0.57%) Salesforce.com
6 1 (0.57%) Tableau
6 1 (0.57%) Talend