Period
to 24 September 2021

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 24 September 2021 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
24 Sep 2021
Same period 2020 Same period 2019
Rank 100 93 162
Rank change year-on-year -7 +69 -57
Contract jobs citing Low Latency 80 26 72
As % of all contract jobs advertised in the City of London 2.18% 1.46% 1.15%
As % of the Processes & Methodologies category 2.41% 1.64% 1.27%
Number of daily rates quoted 71 23 63
10th Percentile £613 £461 £460
25th Percentile £625 £613 £550
Median daily rate (50th Percentile) £675 £650 £650
Median % change year-on-year +3.85% - -
75th Percentile £750 £775 £744
90th Percentile £850 £820 £810
Central London median daily rate £675 £650 £650
% change year-on-year +3.85% - -

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 3,319 1,587 5,668
As % of all contract IT jobs advertised in the City of London 90.58% 89.06% 90.62%
Number of daily rates quoted 2,465 1,165 4,485
10th Percentile £363 £314 £338
25th Percentile £461 £419 £425
Median daily rate (50th Percentile) £550 £515 £525
Median % change year-on-year +6.80% -1.90% +4.90%
75th Percentile £650 £600 £600
90th Percentile £738 £675 £675
Central London median daily rate £550 £513 £520
% change year-on-year +7.32% -1.44% +4.00%
Number of hourly rates quoted 40 34 66
10th Percentile £11.15 £13.28 £11.25
25th Percentile £14.81 £17.13 £12.04
Median hourly rate £27.75 £34.50 £16.50
Median % change year-on-year -19.57% +109.09% -11.76%
75th Percentile £38.50 £46.00 £23.69
90th Percentile £63.25 £51.08 £45.82
Central London median hourly rate £25.25 £33.50 £19.00
% change year-on-year -24.63% +76.32% +1.60%

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 24 September 2021.

Daily rate histogram for Low Latency in the City of London

For the 6 months to 24 September 2021, 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 54 (67.50%) Java
2 45 (56.25%) Multithreading
3 42 (52.50%) Electronic Trading
4 38 (47.50%) Agile Software Development
4 38 (47.50%) Foreign Exchange (FX)
5 35 (43.75%) Front Office
6 30 (37.50%) TDD
7 24 (30.00%) BDD
8 20 (25.00%) Microservices
9 19 (23.75%) Java 11
9 19 (23.75%) Finance
10 18 (22.50%) Spring
11 17 (21.25%) Continuous Improvement
12 16 (20.00%) Enterprise Software
12 16 (20.00%) Garbage Collection
12 16 (20.00%) Banking
13 14 (17.50%) Investment Banking
13 14 (17.50%) JIRA
13 14 (17.50%) High Availability
14 13 (16.25%) E-Commerce
15 12 (15.00%) Git (software)
15 12 (15.00%) Social Skills
16 11 (13.75%) Greenfield Project
16 11 (13.75%) Test Automation
17 10 (12.50%) Linux
17 10 (12.50%) Kafka
18 9 (11.25%) Spring Boot
18 9 (11.25%) Scrum
19 8 (10.00%) Computer Science
19 8 (10.00%) Degree

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 1 (1.25%) Apache Airflow
1 1 (1.25%) Apache Spark
Business Applications
1 2 (2.50%) RMDS
Cloud Services
1 7 (8.75%) AWS
1 7 (8.75%) Azure
2 3 (3.75%) Cloud Computing
3 2 (2.50%) AWS CloudFormation
3 2 (2.50%) Serverless
4 1 (1.25%) GCP
Communications & Networking
1 5 (6.25%) HTTP
2 4 (5.00%) LAN
3 3 (3.75%) IGMP
3 3 (3.75%) WAN
4 2 (2.50%) Internet
4 2 (2.50%) Multicast
5 1 (1.25%) Cisco IOS
5 1 (1.25%) DHCP
5 1 (1.25%) DNS
5 1 (1.25%) Firewall
5 1 (1.25%) OSPF
5 1 (1.25%) TCP/IP
Database & Business Intelligence
1 6 (7.50%) Hazelcast
2 3 (3.75%) SQL Server
3 2 (2.50%) Big Data
3 2 (2.50%) Relational Database
3 2 (2.50%) SQL Server Analysis Services
4 1 (1.25%) Apache Hive
4 1 (1.25%) GIS
4 1 (1.25%) Hadoop
4 1 (1.25%) MongoDB
4 1 (1.25%) NoSQL
Development Applications
1 14 (17.50%) JIRA
2 12 (15.00%) Git (software)
3 4 (5.00%) Jenkins
3 4 (5.00%) JUnit
4 3 (3.75%) Maven
5 2 (2.50%) Atlassian Bamboo
5 2 (2.50%) TeamCity
6 1 (1.25%) GCC
6 1 (1.25%) GDB
6 1 (1.25%) Moq
6 1 (1.25%) Subversion
General
1 35 (43.75%) Front Office
2 19 (23.75%) Finance
3 16 (20.00%) Banking
4 14 (17.50%) Investment Banking
5 12 (15.00%) Social Skills
6 4 (5.00%) Analytical Skills
7 3 (3.75%) Influencing Skills
7 3 (3.75%) Legal
8 1 (1.25%) Back Office
8 1 (1.25%) Financial Institution
8 1 (1.25%) Games
8 1 (1.25%) Public Sector
Job Titles
1 64 (80.00%) Developer
2 49 (61.25%) Java Developer
3 12 (15.00%) E-Commerce Developer
3 12 (15.00%) Java E-Commerce Developer
4 9 (11.25%) Low Latency Java Developer
5 8 (10.00%) Architect
5 8 (10.00%) Front Office Developer
6 7 (8.75%) C++ Developer
6 7 (8.75%) Electronic Trading Developer
6 7 (8.75%) Electronic Trading Java Developer
6 7 (8.75%) Senior Developer
7 6 (7.50%) Low Latency C++ Developer
8 5 (6.25%) C# Developer
9 4 (5.00%) Senior Java Developer
10 3 (3.75%) Java Engineer
10 3 (3.75%) Pricing Developer
10 3 (3.75%) Solutions Architect
11 2 (2.50%) DevOps Architect
11 2 (2.50%) DevOps Engineer
11 2 (2.50%) Java Pricing Developer
Libraries, Frameworks & Software Standards
1 18 (22.50%) Spring
2 10 (12.50%) Kafka
3 9 (11.25%) Spring Boot
4 5 (6.25%) FIX Protocol
4 5 (6.25%) JMS
4 5 (6.25%) Middleware
5 4 (5.00%) REST
6 3 (3.75%) .NET
6 3 (3.75%) HTML
6 3 (3.75%) HTML5
6 3 (3.75%) RESTful
6 3 (3.75%) Ultra Messaging
6 3 (3.75%) Web Services
7 2 (2.50%) AngularJS
7 2 (2.50%) Rendezvous
7 2 (2.50%) SAML
7 2 (2.50%) SOAP
7 2 (2.50%) TIBCO EMS
7 2 (2.50%) XML
7 2 (2.50%) XML Messaging
Miscellaneous
1 38 (47.50%) Foreign Exchange (FX)
2 16 (20.00%) Enterprise Software
3 11 (13.75%) Greenfield Project
4 6 (7.50%) Fixed Income
5 3 (3.75%) Equities
5 3 (3.75%) N-Tier
6 2 (2.50%) Client/Server
6 2 (2.50%) Credit Derivative
6 2 (2.50%) Grid Computing
6 2 (2.50%) Reference Data
7 1 (1.25%) Derivative
7 1 (1.25%) Equity Derivative
7 1 (1.25%) Eurex
7 1 (1.25%) Hedge funds
7 1 (1.25%) Management Information System
7 1 (1.25%) Virtual Team
Operating Systems
1 10 (12.50%) Linux
2 1 (1.25%) Unix
Processes & Methodologies
1 45 (56.25%) Multithreading
2 42 (52.50%) Electronic Trading
3 38 (47.50%) Agile Software Development
4 30 (37.50%) TDD
5 24 (30.00%) BDD
6 20 (25.00%) Microservices
7 17 (21.25%) Continuous Improvement
8 16 (20.00%) Garbage Collection
9 14 (17.50%) High Availability
10 13 (16.25%) E-Commerce
11 11 (13.75%) Test Automation
12 9 (11.25%) Scrum
13 8 (10.00%) Computer Science
13 8 (10.00%) Problem-Solving
13 8 (10.00%) SDLC
14 7 (8.75%) API Design
14 7 (8.75%) Pair Programming
14 7 (8.75%) User Stories
15 6 (7.50%) DevOps
15 6 (7.50%) Software Engineering
Programming Languages
1 54 (67.50%) Java
2 19 (23.75%) Java 11
3 7 (8.75%) C++
3 7 (8.75%) SQL
4 5 (6.25%) C#
5 3 (3.75%) Java 8
6 2 (2.50%) Python
7 1 (1.25%) C
7 1 (1.25%) JavaScript
7 1 (1.25%) Scala
Qualifications
1 8 (10.00%) Degree
2 7 (8.75%) Computer Science Degree
3 1 (1.25%) Numerate Degree
Quality Assurance & Compliance
1 4 (5.00%) QA
2 3 (3.75%) PMO
System Software
1 5 (6.25%) Docker
Systems Management
1 5 (6.25%) Kubernetes
2 2 (2.50%) Ansible
2 2 (2.50%) Terraform
Vendors
1 5 (6.25%) Solace
2 4 (5.00%) Cisco
3 3 (3.75%) Perforce
4 2 (2.50%) TIBCO
5 1 (1.25%) Arista
5 1 (1.25%) ION Trading
5 1 (1.25%) Oracle
5 1 (1.25%) Reuters