Period
to 9 May 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 9 May 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
9 May 2021
Same period 2020 Same period 2019
Rank 67 117 185
Rank change year-on-year +50 +68 -90
Contract jobs citing Low Latency 84 44 69
As % of all contract jobs advertised in the City of London 3.11% 1.27% 1.06%
As % of the Processes & Methodologies category 3.42% 1.46% 1.18%
Number of daily rates quoted 78 43 61
10th Percentile £546 £467 £431
25th Percentile £614 £550 £525
Median daily rate (50th Percentile) £675 £625 £625
Median % change year-on-year +8.00% - -7.41%
75th Percentile £734 £713 £738
90th Percentile £758 £763 £775
Central London median daily rate £675 £613 £625
% change year-on-year +10.20% -2.00% -7.41%

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 2,456 3,024 5,864
As % of all contract IT jobs advertised in the City of London 90.83% 86.97% 89.75%
Number of daily rates quoted 1,796 2,249 4,551
10th Percentile £338 £331 £325
25th Percentile £431 £413 £425
Median daily rate (50th Percentile) £525 £518 £525
Median % change year-on-year +1.45% -1.43% +3.96%
75th Percentile £625 £600 £600
90th Percentile £700 £675 £675
Central London median daily rate £525 £500 £525
% change year-on-year +5.00% -4.76% +5.00%
Number of hourly rates quoted 24 52 51
10th Percentile £9.05 £12.42 £11.25
25th Percentile £12.28 £14.28 £13.62
Median hourly rate £20.48 £24.06 £20.00
Median % change year-on-year -14.90% +20.30% +6.95%
75th Percentile £28.94 £38.88 £37.50
90th Percentile £41.28 £52.25 £44.80
Central London median hourly rate £20.00 £24.12 £20.00
% change year-on-year -17.08% +20.60% +1.27%

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 9 May 2021.

Daily rate histogram for Low Latency in the City of London

For the 6 months to 9 May 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 62 (73.81%) Java
2 43 (51.19%) Electronic Trading
3 41 (48.81%) Front Office
3 41 (48.81%) Multithreading
4 38 (45.24%) TDD
5 33 (39.29%) Agile Software Development
6 27 (32.14%) Foreign Exchange (FX)
7 24 (28.57%) BDD
8 22 (26.19%) Banking
9 21 (25.00%) Finance
9 21 (25.00%) Microservices
9 21 (25.00%) Garbage Collection
10 20 (23.81%) Investment Banking
11 19 (22.62%) Risk Management
11 19 (22.62%) Linux
11 19 (22.62%) Greenfield Project
12 17 (20.24%) Enterprise Software
12 17 (20.24%) Continuous Improvement
12 17 (20.24%) Spring
13 14 (16.67%) Spring Boot
14 13 (15.48%) Docker
15 12 (14.29%) Kubernetes
15 12 (14.29%) Maven
15 12 (14.29%) Git (software)
15 12 (14.29%) Test Automation
16 11 (13.10%) Grid Computing
16 11 (13.10%) Kafka
17 10 (11.90%) SDLC
17 10 (11.90%) Scrum
17 10 (11.90%) E-Commerce

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 (1.19%) Apache Airflow
1 1 (1.19%) Apache Spark
1 1 (1.19%) Elasticsearch
Cloud Services
1 6 (7.14%) Azure
2 5 (5.95%) AWS
3 2 (2.38%) AWS CloudFormation
4 1 (1.19%) Azure Stack
4 1 (1.19%) GCP
4 1 (1.19%) GitHub
Communications & Networking
1 3 (3.57%) Multicast
2 2 (2.38%) Firewall
3 1 (1.19%) BGP
3 1 (1.19%) Cisco ASA
3 1 (1.19%) Cisco Nexus
3 1 (1.19%) Cisco Wireless
3 1 (1.19%) F5 BIG-IP GTM
3 1 (1.19%) F5 BIG-IP LTM
3 1 (1.19%) FIX Connectivity
3 1 (1.19%) LAN
3 1 (1.19%) Network Security
3 1 (1.19%) OSPF
3 1 (1.19%) TCP/IP
3 1 (1.19%) VXLAN
3 1 (1.19%) WAN
3 1 (1.19%) Wi-Fi
3 1 (1.19%) Wireless
3 1 (1.19%) Wireshark
Database & Business Intelligence
1 3 (3.57%) Hazelcast
1 3 (3.57%) SQL Server
2 2 (2.38%) SQL Server Analysis Services
3 1 (1.19%) Apache Hive
3 1 (1.19%) Big Data
3 1 (1.19%) GIS
3 1 (1.19%) Hadoop
3 1 (1.19%) KDB
3 1 (1.19%) Kdb+
3 1 (1.19%) MongoDB
3 1 (1.19%) NoSQL
Development Applications
1 12 (14.29%) Git (software)
1 12 (14.29%) Maven
2 10 (11.90%) JIRA
3 7 (8.33%) TeamCity
4 3 (3.57%) Jenkins
5 2 (2.38%) Atlassian Bamboo
5 2 (2.38%) GCC
5 2 (2.38%) GDB
6 1 (1.19%) Eclipse
6 1 (1.19%) Gradle
6 1 (1.19%) IntelliJ
6 1 (1.19%) Moq
6 1 (1.19%) Postman
6 1 (1.19%) Sonatype Nexus
6 1 (1.19%) Subversion
General
1 41 (48.81%) Front Office
2 22 (26.19%) Banking
3 21 (25.00%) Finance
4 20 (23.81%) Investment Banking
5 5 (5.95%) Social Skills
6 2 (2.38%) Analytical Skills
6 2 (2.38%) Back Office
7 1 (1.19%) Financial Institution
7 1 (1.19%) Public Sector
Job Titles
1 72 (85.71%) Developer
2 59 (70.24%) Java Developer
3 13 (15.48%) Electronic Trading Developer
3 13 (15.48%) Electronic Trading Java Developer
4 10 (11.90%) E-Commerce Developer
4 10 (11.90%) Java E-Commerce Developer
4 10 (11.90%) Senior Developer
4 10 (11.90%) Senior Java Developer
5 7 (8.33%) Low Latency Java Developer
6 6 (7.14%) C++ Developer
6 6 (7.14%) Front Office Developer
7 3 (3.57%) C# Developer
7 3 (3.57%) Low Latency C++ Developer
8 2 (2.38%) Architect
8 2 (2.38%) C++ Pricing Developer
8 2 (2.38%) Java Engineer
8 2 (2.38%) Performance Engineer
8 2 (2.38%) Pricing Developer
8 2 (2.38%) Python Engineer
8 2 (2.38%) Scala Developer
Libraries, Frameworks & Software Standards
1 17 (20.24%) Spring
2 14 (16.67%) Spring Boot
3 11 (13.10%) Kafka
4 6 (7.14%) RESTful
5 4 (4.76%) JMS
6 3 (3.57%) Web Services
7 2 (2.38%) .NET
7 2 (2.38%) Boost C++ Libraries
7 2 (2.38%) FIX Protocol
7 2 (2.38%) Middleware
7 2 (2.38%) REST
7 2 (2.38%) STL
8 1 (1.19%) Reactive Extensions
8 1 (1.19%) Regular Expression
8 1 (1.19%) Rendezvous
8 1 (1.19%) Ultra Messaging
8 1 (1.19%) WebdriverIO
8 1 (1.19%) WebSockets
8 1 (1.19%) WPF
8 1 (1.19%) YAML
Miscellaneous
1 27 (32.14%) Foreign Exchange (FX)
2 19 (22.62%) Greenfield Project
3 17 (20.24%) Enterprise Software
4 11 (13.10%) Grid Computing
5 9 (10.71%) Credit Risk
5 9 (10.71%) Market Risk
6 7 (8.33%) Fixed Income
7 3 (3.57%) Derivative
7 3 (3.57%) Equities
8 2 (2.38%) Credit Derivative
8 2 (2.38%) Management Information System
9 1 (1.19%) Algorithms
9 1 (1.19%) Cloud Native
9 1 (1.19%) Data Centre
9 1 (1.19%) Hedge funds
9 1 (1.19%) TWAP
9 1 (1.19%) VWAP
Operating Systems
1 19 (22.62%) Linux
2 9 (10.71%) Unix
Processes & Methodologies
1 43 (51.19%) Electronic Trading
2 41 (48.81%) Multithreading
3 38 (45.24%) TDD
4 33 (39.29%) Agile Software Development
5 24 (28.57%) BDD
6 21 (25.00%) Garbage Collection
6 21 (25.00%) Microservices
7 19 (22.62%) Risk Management
8 17 (20.24%) Continuous Improvement
9 12 (14.29%) Test Automation
10 10 (11.90%) E-Commerce
10 10 (11.90%) High Availability
10 10 (11.90%) Scrum
10 10 (11.90%) SDLC
11 9 (10.71%) Computer Science
11 9 (10.71%) Data Analysis
11 9 (10.71%) Visualisation
12 8 (9.52%) DevOps
12 8 (9.52%) Migration
13 7 (8.33%) User Stories
Programming Languages
1 62 (73.81%) Java
2 9 (10.71%) C++
3 6 (7.14%) Python
4 4 (4.76%) C#
4 4 (4.76%) Java 8
5 3 (3.57%) Scala
6 1 (1.19%) JavaScript
6 1 (1.19%) SQL
Qualifications
1 9 (10.71%) Degree
2 8 (9.52%) Computer Science Degree
Quality Assurance & Compliance
1 2 (2.38%) QA
System Software
1 13 (15.48%) Docker
Systems Management
1 12 (14.29%) Kubernetes
2 3 (3.57%) Ansible
3 2 (2.38%) Terraform
Vendors
1 3 (3.57%) Solace
2 2 (2.38%) Oracle
3 1 (1.19%) Arista
3 1 (1.19%) CheckPoint
3 1 (1.19%) Cisco
3 1 (1.19%) F5
3 1 (1.19%) Fortinet
3 1 (1.19%) Palo Alto
3 1 (1.19%) Riverbed
3 1 (1.19%) SolarWinds
3 1 (1.19%) Splunk
3 1 (1.19%) TIBCO