Period
to

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 25 June 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
25 Jun 2022
Same period 2021 Same period 2020
Rank 119 80 107
Rank change year-on-year -39 +27 +68
Contract jobs citing Low Latency 75 90 35
As % of all contract jobs advertised in the City of London 1.77% 2.91% 1.28%
As % of the Processes & Methodologies category 1.94% 3.18% 1.44%
Number of daily rates quoted 67 81 33
10th Percentile £613 £613 £467
25th Percentile £688 £623 £563
Median daily rate (50th Percentile) £805 £675 £650
Median % change year-on-year +19.26% +3.85% -
75th Percentile £913 £738 £725
90th Percentile £950 £775 £820
Central London median daily rate £803 £675 £625
% change year-on-year +18.89% +8.00% -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 3,874 2,826 2,424
As % of all contract IT jobs advertised in the City of London 91.61% 91.49% 88.34%
Number of daily rates quoted 2,854 2,072 1,810
10th Percentile £392 £357 £338
25th Percentile £475 £449 £414
Median daily rate (50th Percentile) £575 £550 £520
Median % change year-on-year +4.55% +5.77% -0.95%
75th Percentile £688 £638 £603
90th Percentile £788 £719 £675
Central London median daily rate £575 £545 £500
% change year-on-year +5.50% +9.00% -4.76%
Number of hourly rates quoted 44 31 40
10th Percentile £18.50 £8.00 £12.42
25th Percentile £26.00 £12.38 £14.28
Median hourly rate £42.75 £23.45 £25.00
Median % change year-on-year +82.30% -6.20% +23.46%
75th Percentile £54.13 £32.70 £39.25
90th Percentile £62.28 £42.25 £52.90
Central London median hourly rate £42.00 £22.25 £26.44
% change year-on-year +88.76% -15.85% +25.90%

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 25 June 2022.

Daily rate histogram for Low Latency in the City of London

For the 6 months to 25 June 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 (68.00%) Java
2 47 (62.67%) Electronic Trading
3 46 (61.33%) Front Office
4 43 (57.33%) Multithreading
5 33 (44.00%) Banking
6 32 (42.67%) Finance
6 32 (42.67%) Foreign Exchange (FX)
7 27 (36.00%) Investment Banking
8 19 (25.33%) Multithreaded Programming
9 17 (22.67%) Social Skills
10 15 (20.00%) Fixed Income
11 14 (18.67%) Agile
11 14 (18.67%) Performance Tuning
12 13 (17.33%) Python
13 12 (16.00%) Equities
14 11 (14.67%) PMO
15 10 (13.33%) Problem-Solving
15 10 (13.33%) DevOps
15 10 (13.33%) Microservices
15 10 (13.33%) Computer Science
15 10 (13.33%) Linux
16 8 (10.67%) C#
16 8 (10.67%) SQL
16 8 (10.67%) Degree
17 7 (9.33%) High Availability
17 7 (9.33%) JIRA
17 7 (9.33%) Git (software)
17 7 (9.33%) TDD
18 6 (8.00%) Test Automation
18 6 (8.00%) FIX Protocol

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 3 (4.00%) Confluence
2 1 (1.33%) Apache Spark
Business Applications
1 1 (1.33%) RMDS
Cloud Services
1 6 (8.00%) Azure
2 5 (6.67%) AWS
3 3 (4.00%) GCP
4 2 (2.67%) Azure Data Factory
4 2 (2.67%) GitHub
5 1 (1.33%) Amazon EC2
5 1 (1.33%) dbt
5 1 (1.33%) GitHub Actions
5 1 (1.33%) Snowflake
Communications & Networking
1 6 (8.00%) Firewall
2 5 (6.67%) WAN
3 4 (5.33%) DNS
3 4 (5.33%) Multicast
4 3 (4.00%) DHCP
4 3 (4.00%) IPv6
4 3 (4.00%) NGN
4 3 (4.00%) SD-WAN
5 2 (2.67%) Internet
5 2 (2.67%) LAN
5 2 (2.67%) TCP/IP
6 1 (1.33%) BGP
6 1 (1.33%) EIGRP
6 1 (1.33%) HTTP
6 1 (1.33%) IGMP
6 1 (1.33%) Network Security
6 1 (1.33%) OSPF
6 1 (1.33%) SNMP
6 1 (1.33%) VPN
6 1 (1.33%) VRRP
Database & Business Intelligence
1 3 (4.00%) KDB
2 2 (2.67%) Big Data
2 2 (2.67%) Data Warehouse
2 2 (2.67%) NoSQL
2 2 (2.67%) SQL Server
3 1 (1.33%) Apache Hive
3 1 (1.33%) Data Lake
3 1 (1.33%) Data Mining
3 1 (1.33%) Hadoop
3 1 (1.33%) HBase
3 1 (1.33%) Impala
3 1 (1.33%) MongoDB
3 1 (1.33%) Parquet
3 1 (1.33%) RDBMS
3 1 (1.33%) Relational Database
3 1 (1.33%) Text Mining
Development Applications
1 7 (9.33%) Git (software)
1 7 (9.33%) JIRA
2 4 (5.33%) GitLab
3 3 (4.00%) IBM UrbanCode
3 3 (4.00%) TeamCity
4 2 (2.67%) Jenkins
5 1 (1.33%) Maven
5 1 (1.33%) Sonatype Nexus
5 1 (1.33%) webpack
General
1 46 (61.33%) Front Office
2 33 (44.00%) Banking
3 32 (42.67%) Finance
4 27 (36.00%) Investment Banking
5 17 (22.67%) Social Skills
6 5 (6.67%) Analytical Skills
7 3 (4.00%) Influencing Skills
7 3 (4.00%) Presentation Skills
8 1 (1.33%) Games
8 1 (1.33%) International Banking
8 1 (1.33%) Law
8 1 (1.33%) Telecoms
Job Titles
1 58 (77.33%) Developer
2 45 (60.00%) Java Developer
3 24 (32.00%) Front Office Developer
4 12 (16.00%) Investment Banking Java Developer
5 8 (10.67%) Electronic Trading Developer
5 8 (10.67%) Electronic Trading Java Developer
6 5 (6.67%) C# Developer
7 4 (5.33%) C++ Developer
7 4 (5.33%) Network Engineer
7 4 (5.33%) Senior Developer
8 3 (4.00%) Architect
8 3 (4.00%) DevOps Engineer
8 3 (4.00%) Network Architect
8 3 (4.00%) Pricing Developer
8 3 (4.00%) Senior Java Developer
8 3 (4.00%) Senior Network Engineer
8 3 (4.00%) Service Architect
9 2 (2.67%) Applications Engineer
9 2 (2.67%) Full Stack Developer
9 2 (2.67%) Senior Applications Engineer
Libraries, Frameworks & Software Standards
1 6 (8.00%) FIX Protocol
1 6 (8.00%) Kafka
2 4 (5.33%) Rendezvous
2 4 (5.33%) RESTful
2 4 (5.33%) Spring
3 3 (4.00%) .NET
3 3 (4.00%) HTML
4 2 (2.67%) AngularJS
4 2 (2.67%) CSS
4 2 (2.67%) React
4 2 (2.67%) REST
4 2 (2.67%) Spring Boot
5 1 (1.33%) .NET Core
5 1 (1.33%) CSS3
5 1 (1.33%) Express
5 1 (1.33%) MEAN Stack
5 1 (1.33%) Node.js
5 1 (1.33%) Redux
5 1 (1.33%) Sass
5 1 (1.33%) Twitter Bootstrap
Miscellaneous
1 32 (42.67%) Foreign Exchange (FX)
2 15 (20.00%) Fixed Income
3 12 (16.00%) Equities
4 5 (6.67%) Derivative
4 5 (6.67%) Greenfield Project
5 4 (5.33%) Cloud Native
6 3 (4.00%) Public Cloud
7 2 (2.67%) Hedge funds
7 2 (2.67%) Market Risk
8 1 (1.33%) Algorithms
8 1 (1.33%) Enterprise Software
8 1 (1.33%) Hybrid Cloud
8 1 (1.33%) Legacy Applications
8 1 (1.33%) Linux Command Line
8 1 (1.33%) Self-Motivation
8 1 (1.33%) State Machine
Operating Systems
1 10 (13.33%) Linux
2 4 (5.33%) Windows
3 2 (2.67%) Red Hat Enterprise Linux
4 1 (1.33%) Unix
Processes & Methodologies
1 47 (62.67%) Electronic Trading
2 43 (57.33%) Multithreading
3 19 (25.33%) Multithreaded Programming
4 14 (18.67%) Agile
4 14 (18.67%) Performance Tuning
5 10 (13.33%) Computer Science
5 10 (13.33%) DevOps
5 10 (13.33%) Microservices
5 10 (13.33%) Problem-Solving
6 7 (9.33%) High Availability
6 7 (9.33%) TDD
7 6 (8.00%) BDD
7 6 (8.00%) CI/CD
7 6 (8.00%) E-Commerce
7 6 (8.00%) Test Automation
8 4 (5.33%) Event-Driven
8 4 (5.33%) Event-Driven Programming
8 4 (5.33%) High-Frequency Trading
8 4 (5.33%) Infrastructure as Code
8 4 (5.33%) User Stories
Programming Languages
1 51 (68.00%) Java
2 13 (17.33%) Python
3 8 (10.67%) C#
3 8 (10.67%) SQL
4 6 (8.00%) C++
5 2 (2.67%) Bash
5 2 (2.67%) JavaScript
5 2 (2.67%) TypeScript
6 1 (1.33%) C
6 1 (1.33%) Perl
6 1 (1.33%) PL/SQL
6 1 (1.33%) PowerShell
6 1 (1.33%) Scala
6 1 (1.33%) Shell Script
Qualifications
1 8 (10.67%) Degree
2 5 (6.67%) Computer Science Degree
3 2 (2.67%) TOGAF Certification
4 1 (1.33%) CCNP
4 1 (1.33%) Cisco Certification
Quality Assurance & Compliance
1 11 (14.67%) PMO
2 3 (4.00%) QA
System Software
1 3 (4.00%) Docker
2 1 (1.33%) HDFS
Systems Management
1 3 (4.00%) Kubernetes
2 2 (2.67%) ITRS Geneos
3 1 (1.33%) Ansible
3 1 (1.33%) Terraform
Vendors
1 4 (5.33%) Oracle
1 4 (5.33%) TIBCO
2 3 (4.00%) Atlassian
2 3 (4.00%) Dell
2 3 (4.00%) F5
2 3 (4.00%) Google
2 3 (4.00%) Refinitiv
3 2 (2.67%) Arista
3 2 (2.67%) Azul
3 2 (2.67%) CheckPoint
3 2 (2.67%) Cisco
3 2 (2.67%) ION Trading
3 2 (2.67%) Red Hat
3 2 (2.67%) Solace
4 1 (1.33%) Bloomberg
4 1 (1.33%) Broadcom
4 1 (1.33%) Currenex
4 1 (1.33%) Databricks
4 1 (1.33%) Reuters
4 1 (1.33%) Sybase