Period
to 26 September 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 26 September 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
26 Sep 2018
Same period 2017 Same period 2016
Rank 109 94 113
Rank change year-on-year -15 +19 +32
Contract jobs citing Low Latency 163 183 128
As % of all contract IT jobs advertised in the City of London 2.33% 2.68% 1.91%
As % of the Processes & Methodologies category 2.70% 3.01% 2.18%
Number of daily rates quoted 151 162 125
City of London median daily rate £660 £650 £600
Median daily rate % change year-on-year +1.54% +8.33% -5.88%
10th Percentile £513 £425 £463
90th Percentile £775 £813 £745
Central London median daily rate £650 £650 £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 6,034 6,074 5,868
As % of all contract IT jobs advertised in the City of London 86.32% 88.97% 87.66%
Number of daily rates quoted 4,816 4,747 4,720
City of London median daily rate £500 £500 £475
Median daily rate % change year-on-year - +5.26% +2.70%
10th Percentile £325 £325 £313
90th Percentile £675 £675 £663
Central London median daily rate £500 £500 £475
% change year-on-year - +5.26% +5.56%
Number of hourly rates quoted 103 54 47
City of London median hourly rate £18.70 £19.35 £20.00
Median hourly rate % change year-on-year -3.36% -3.25% -4.76%
10th Percentile £13.05 £13.31 £11.25
90th Percentile £33.00 £31.28 £55.00
Central London median hourly rate £18.70 £18.70 £19.00
% change year-on-year - -1.58% -7.32%

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 26 September 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 26 September 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.

1 135 (82.82%) Java
2 79 (48.47%) Multithreading
3 74 (45.40%) Electronic Trading
4 59 (36.20%) Front Office
4 59 (36.20%) Finance
5 48 (29.45%) Banking
6 46 (28.22%) Foreign Exchange (FX)
7 43 (26.38%) Algorithmic Trading
8 41 (25.15%) Java 8
9 38 (23.31%) Agile Software Development
9 38 (23.31%) Equities
10 36 (22.09%) FIX Protocol
11 24 (14.72%) Multithreaded Programming
12 23 (14.11%) Derivative
13 22 (13.50%) Investment Banking
13 22 (13.50%) TDD
13 22 (13.50%) Fixed Income
13 22 (13.50%) Ultra-Low Latency
14 21 (12.88%) Linux
15 19 (11.66%) Greenfield Project
16 18 (11.04%) JUnit
17 17 (10.43%) Market Making
17 17 (10.43%) Performance Optimisation
18 15 (9.20%) Scala
19 14 (8.59%) Mockito
19 14 (8.59%) DevOps
20 13 (7.98%) Concurrent Programming
20 13 (7.98%) BDD
20 13 (7.98%) SQL
21 12 (7.36%) FX Algorithmic Trading

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 4 (2.45%) Tomcat
2 3 (1.84%) Apache Spark
3 2 (1.23%) Apache Solr
3 2 (1.23%) Jetty
Applications
1 1 (0.61%) Microsoft Excel
Business Applications
1 2 (1.23%) RMDS
Cloud Services
1 5 (3.07%) Amazon AWS
2 4 (2.45%) Microsoft Azure
3 2 (1.23%) Cloud Computing
Communications & Networking
1 6 (3.68%) Internet
2 4 (2.45%) Multicast
3 3 (1.84%) OSPF
3 3 (1.84%) TCP/IP
4 2 (1.23%) BIG-IP
4 2 (1.23%) Cisco IOS
4 2 (1.23%) DHCP
4 2 (1.23%) DMZ
4 2 (1.23%) DNS
4 2 (1.23%) Extranet
4 2 (1.23%) Firewall
4 2 (1.23%) LAN
5 1 (0.61%) BGP
5 1 (0.61%) WAN
Database & Business Intelligence
1 7 (4.29%) KDB
2 6 (3.68%) SQL Server
3 5 (3.07%) Big Data
3 5 (3.07%) MySQL
4 4 (2.45%) Hadoop
4 4 (2.45%) Kdb+
4 4 (2.45%) MongoDB
4 4 (2.45%) NoSQL
4 4 (2.45%) Redis
4 4 (2.45%) Relational Database
5 2 (1.23%) Apache Cassandra
5 2 (1.23%) Blockchain
5 2 (1.23%) Oracle Database
5 2 (1.23%) Oracle Database 10g
5 2 (1.23%) Oracle Database 11g
5 2 (1.23%) RDBMS
6 1 (0.61%) Neo4j
Development Applications
1 18 (11.04%) JUnit
2 14 (8.59%) Mockito
3 10 (6.13%) Jenkins
4 7 (4.29%) Maven
5 6 (3.68%) Gradle
6 4 (2.45%) Atlassian Bamboo
6 4 (2.45%) Git (software)
6 4 (2.45%) Moq
6 4 (2.45%) NUnit
7 3 (1.84%) jMock
7 3 (1.84%) Rhino Mocks
7 3 (1.84%) SpecFlow
7 3 (1.84%) TestNG
8 2 (1.23%) Cucumber
8 2 (1.23%) Gatling
8 2 (1.23%) JIRA
8 2 (1.23%) JMeter
8 2 (1.23%) LoadRunner
8 2 (1.23%) NeoLoad
8 2 (1.23%) SoapUI
General
1 59 (36.20%) Finance
1 59 (36.20%) Front Office
2 48 (29.45%) Banking
3 22 (13.50%) Investment Banking
4 2 (1.23%) Financial Institution
4 2 (1.23%) Games
5 1 (0.61%) Telecoms
Job Titles
1 131 (80.37%) Developer
2 107 (65.64%) Java Developer
3 40 (24.54%) Senior Developer
4 35 (21.47%) Senior Java Developer
5 23 (14.11%) Electronic Trading Developer
5 23 (14.11%) Electronic Trading Java Developer
6 20 (12.27%) Front Office Developer
7 18 (11.04%) Low Latency Java Developer
8 10 (6.13%) C# Developer
9 8 (4.91%) Java Engineer
10 6 (3.68%) Scala Developer
11 5 (3.07%) Credit Risk Developer
11 5 (3.07%) Credit Risk Java Developer
11 5 (3.07%) DevOps Developer
11 5 (3.07%) Senior Credit Risk Java Developer
12 4 (2.45%) Agile Developer
12 4 (2.45%) Agile Java Developer
12 4 (2.45%) C++ Developer
12 4 (2.45%) Core Java Developer
13 3 (1.84%) Java Software Engineer
Libraries, Frameworks & Software Standards
1 36 (22.09%) FIX Protocol
2 12 (7.36%) Kafka
3 11 (6.75%) Spring
4 10 (6.13%) REST
5 8 (4.91%) Hibernate
6 7 (4.29%) JMS
6 7 (4.29%) RESTful
7 6 (3.68%) .NET
7 6 (3.68%) HTML
7 6 (3.68%) Middleware
7 6 (3.68%) WCF
8 5 (3.07%) Akka
8 5 (3.07%) RabbitMQ
8 5 (3.07%) Rendezvous
9 4 (2.45%) HTML5
9 4 (2.45%) J2SE
9 4 (2.45%) React
9 4 (2.45%) TIBCO EMS
9 4 (2.45%) WPF
10 3 (1.84%) MSMQ
Miscellaneous
1 46 (28.22%) Foreign Exchange (FX)
2 38 (23.31%) Equities
3 23 (14.11%) Derivative
4 22 (13.50%) Fixed Income
5 19 (11.66%) Greenfield Project
6 10 (6.13%) Computer Science
7 9 (5.52%) Algorithms
8 8 (4.91%) Data Structures
9 7 (4.29%) Data Centre
9 7 (4.29%) Equity Derivative
10 6 (3.68%) Analytical Skills
11 5 (3.07%) Credit Risk
11 5 (3.07%) Fintech
12 4 (2.45%) Hedge funds
12 4 (2.45%) Virtual Team
13 3 (1.84%) Enterprise Software
13 3 (1.84%) User Experience
14 2 (1.23%) Eurex
14 2 (1.23%) Linux Command Line
14 2 (1.23%) RIA
Operating Systems
1 21 (12.88%) Linux
2 9 (5.52%) Unix
3 1 (0.61%) Windows
Processes & Methodologies
1 79 (48.47%) Multithreading
2 74 (45.40%) Electronic Trading
3 43 (26.38%) Algorithmic Trading
4 38 (23.31%) Agile Software Development
5 24 (14.72%) Multithreaded Programming
6 22 (13.50%) TDD
6 22 (13.50%) Ultra-Low Latency
7 17 (10.43%) Market Making
7 17 (10.43%) Performance Optimisation
8 14 (8.59%) DevOps
9 13 (7.98%) BDD
9 13 (7.98%) Concurrent Programming
10 12 (7.36%) FX Algorithmic Trading
11 11 (6.75%) High Availability
11 11 (6.75%) Migration
11 11 (6.75%) Scrum
11 11 (6.75%) Unit Testing
12 10 (6.13%) Microservices
13 9 (5.52%) OOP
14 8 (4.91%) Requirements Analysis
Programming Languages
1 135 (82.82%) Java
2 41 (25.15%) Java 8
3 15 (9.20%) Scala
4 13 (7.98%) SQL
5 11 (6.75%) C#
6 10 (6.13%) Python
7 7 (4.29%) JavaScript
8 6 (3.68%) C++
8 6 (3.68%) Clojure
9 5 (3.07%) C
10 2 (1.23%) ES6
10 2 (1.23%) Groovy
10 2 (1.23%) Kotlin
10 2 (1.23%) Ruby
10 2 (1.23%) T-SQL
11 1 (0.61%) Bash Shell
11 1 (0.61%) Perl
11 1 (0.61%) VB
Qualifications
1 5 (3.07%) Degree
2 2 (1.23%) CCIE
2 2 (1.23%) CCNA
2 2 (1.23%) CCNP
2 2 (1.23%) Cisco Certification
3 1 (0.61%) Computer Science Degree
Quality Assurance & Compliance
1 3 (1.84%) QA
2 1 (0.61%) PMO
System Software
1 10 (6.13%) Docker
Systems Management
1 6 (3.68%) Ansible
2 4 (2.45%) Kubernetes
3 2 (1.23%) Control-M
3 2 (1.23%) ITRS Geneos
3 2 (1.23%) Prometheus
Vendors
1 9 (5.52%) TIBCO
2 6 (3.68%) Oracle
3 4 (2.45%) Arista
4 3 (1.84%) Cisco
4 3 (1.84%) Currenex
5 2 (1.23%) AppDynamics
5 2 (1.23%) CheckPoint
5 2 (1.23%) F5
5 2 (1.23%) Reuters
5 2 (1.23%) SOASTA, Inc
5 2 (1.23%) Solace
6 1 (0.61%) Google
6 1 (0.61%) Typemock