Period
to 19 November 2017

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 19 November 2017 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
19 Nov 2017
Same period 2016 Same period 2015
Rank 76 135 114
Rank change year-on-year +59 -21 -9
Contract jobs citing Low Latency 216 120 177
As % of all contract IT jobs advertised in the City of London 3.07% 1.80% 1.93%
As % of the Processes & Methodologies category 3.48% 2.06% 2.30%
Number of daily rates quoted 191 115 167
City of London median daily rate £675 £600 £638
Median daily rate % change year-on-year +12.50% -5.88% -1.92%
10th Percentile £500 £409 £470
90th Percentile £813 £738 £763
Central London median daily rate £675 £600 £625
% change year-on-year +12.50% -4.00% -3.85%
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 6210 5816 7704
As % of all contract IT jobs advertised in the City of London 88.39% 87.43% 83.88%
Number of daily rates quoted 4932 4656 6127
City of London median daily rate £513 £475 £463
Median daily rate % change year-on-year +7.89% +2.70% +2.78%
10th Percentile £325 £313 £288
90th Percentile £688 £664 £650
Central London median daily rate £500 £475 £451
% change year-on-year +5.26% +5.44% +0.67%
Number of hourly rates quoted 59 53 73
City of London median hourly rate £20.00 £20.00 £21.00
Median hourly rate % change year-on-year - -4.76% +10.53%
10th Percentile £13.34 £13.75 £10.87
90th Percentile £30.90 £54.03 £40.00
Central London median hourly rate £20.25 £19.46 £20.50
% change year-on-year +4.06% -5.07% +13.92%

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 19 November 2017.

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 19 November 2017, IT contractor jobs citing Low Latency also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Low Latency.

1 164 (75.93%) Java
2 122 (56.48%) Multithreading
3 112 (51.85%) Front Office
4 110 (50.93%) Electronic Trading
5 94 (43.52%) Banking
6 76 (35.19%) Foreign Exchange (FX)
7 63 (29.17%) Finance
8 55 (25.46%) Linux
9 51 (23.61%) Algorithmic Trading
10 50 (23.15%) FIX Protocol
10 50 (23.15%) C++
11 45 (20.83%) Concurrent Programming
11 45 (20.83%) Multithreaded Programming
12 44 (20.37%) Investment Banking
13 42 (19.44%) Equities
14 39 (18.06%) Agile Software Development
15 35 (16.20%) Analytical Skills
16 34 (15.74%) Derivative
17 33 (15.28%) Degree
17 33 (15.28%) Market Making
18 30 (13.89%) Equity Derivative
19 27 (12.50%) SQL
20 24 (11.11%) C#
21 22 (10.19%) PhD
21 22 (10.19%) Ultra-Low Latency
22 21 (9.72%) Data Structures
23 20 (9.26%) Unix
24 19 (8.80%) HTML
25 18 (8.33%) Greenfield Project
26 17 (7.87%) KDB

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 8 (3.70%) GemFire
2 6 (2.78%) Tomcat
3 2 (0.93%) Confluence
3 2 (0.93%) Oracle Coherence
4 1 (0.46%) Apache
4 1 (0.46%) Apache Spark
4 1 (0.46%) Cloud Foundry
4 1 (0.46%) WildFly
Applications
1 2 (0.93%) Spreadsheet
2 1 (0.46%) GIMP
2 1 (0.46%) Microsoft Excel
2 1 (0.46%) Photoshop
Business Applications
1 4 (1.85%) ION MarketView
2 1 (0.46%) Bloomberg TOMS
2 1 (0.46%) RMDS
2 1 (0.46%) Sentinel
Cloud Services
1 4 (1.85%) Amazon AWS
2 2 (0.93%) GitHub
2 2 (0.93%) Google Cloud Platform
3 1 (0.46%) Microsoft Azure
Communications & Networking
1 7 (3.24%) FIX Connectivity
2 6 (2.78%) Internet
3 5 (2.31%) TCP/IP
4 2 (0.93%) BGP
4 2 (0.93%) Cisco Nexus
4 2 (0.93%) Multicast
4 2 (0.93%) NetScaler
5 1 (0.46%) DMZ
5 1 (0.46%) EIGRP
5 1 (0.46%) F5 BIG-IP GTM
5 1 (0.46%) F5 BIG-IP LTM
5 1 (0.46%) Firewall
5 1 (0.46%) NetScreen
5 1 (0.46%) OSPF
5 1 (0.46%) SSL
5 1 (0.46%) VLAN
5 1 (0.46%) VoIP
5 1 (0.46%) VPN
5 1 (0.46%) Wi-Fi
5 1 (0.46%) Wireless
Database & Business Intelligence
1 17 (7.87%) KDB
2 10 (4.63%) SQL Server
3 4 (1.85%) Kdb+
3 4 (1.85%) MariaDB
3 4 (1.85%) Relational Database
4 3 (1.39%) MySQL
5 2 (0.93%) Blockchain
5 2 (0.93%) Oracle Database
6 1 (0.46%) Apache Cassandra
6 1 (0.46%) Hadoop
6 1 (0.46%) HBase
6 1 (0.46%) NoSQL
6 1 (0.46%) OrientDB
6 1 (0.46%) RDBMS
6 1 (0.46%) SQL Server 2005
6 1 (0.46%) SQL Server 2008
6 1 (0.46%) SQL Server 2012
6 1 (0.46%) Tick Data
Development Applications
1 6 (2.78%) Git (software)
1 6 (2.78%) JIRA
1 6 (2.78%) Maven
1 6 (2.78%) TeamCity
2 5 (2.31%) Eclipse
2 5 (2.31%) Subversion
3 4 (1.85%) Jenkins
3 4 (1.85%) Sonatype Nexus
3 4 (1.85%) Team Foundation Server
4 3 (1.39%) Bitbucket
5 2 (0.93%) Ant
5 2 (0.93%) ReSharper
5 2 (0.93%) Xcode
6 1 (0.46%) jMock
6 1 (0.46%) JUnit
6 1 (0.46%) Mocha
6 1 (0.46%) Mockito
6 1 (0.46%) Moq
6 1 (0.46%) NUnit
6 1 (0.46%) Visual Studio
General
1 112 (51.85%) Front Office
2 94 (43.52%) Banking
3 63 (29.17%) Finance
4 44 (20.37%) Investment Banking
5 5 (2.31%) Financial Institution
Job Titles
1 194 (89.81%) Developer
2 127 (58.80%) Java Developer
3 32 (14.81%) Senior Developer
4 30 (13.89%) Electronic Trading Developer
5 28 (12.96%) Front Office Developer
6 27 (12.50%) Senior Java Developer
7 26 (12.04%) Electronic Trading Java Developer
8 24 (11.11%) C++ Developer
9 18 (8.33%) Core Java Developer
10 16 (7.41%) Algorithmic Trading Developer
11 15 (6.94%) C# Developer
11 15 (6.94%) Low Latency Java Developer
12 11 (5.09%) Low Latency C++ Developer
13 8 (3.70%) C++/Java Developer
13 8 (3.70%) Lead Developer
14 7 (3.24%) Java Pricing Developer
14 7 (3.24%) Lead Java Developer
14 7 (3.24%) Pricing Developer
15 5 (2.31%) C++ Developer - Algorithmic Trading
15 5 (2.31%) Senior SQL Developer
Libraries, Frameworks & Software Standards
1 50 (23.15%) FIX Protocol
2 19 (8.80%) HTML
3 11 (5.09%) Java Concurrency
3 11 (5.09%) RESTful
3 11 (5.09%) Web Services
4 10 (4.63%) .NET
4 10 (4.63%) CSS
4 10 (4.63%) HTML5
4 10 (4.63%) JMS
4 10 (4.63%) Rendezvous
4 10 (4.63%) WPF
5 9 (4.17%) Spring
6 8 (3.70%) TIBCO EMS
7 7 (3.24%) React
8 6 (2.78%) Hibernate
9 5 (2.31%) AngularJS
9 5 (2.31%) Boost C++ Libraries
9 5 (2.31%) Ultra Messaging
10 4 (1.85%) Node.js
10 4 (1.85%) REST
Miscellaneous
1 76 (35.19%) Foreign Exchange (FX)
2 42 (19.44%) Equities
3 35 (16.20%) Analytical Skills
4 34 (15.74%) Derivative
5 30 (13.89%) Equity Derivative
6 21 (9.72%) Data Structures
7 18 (8.33%) Greenfield Project
8 16 (7.41%) Algorithms
9 14 (6.48%) Fintech
10 12 (5.56%) Fixed Income
11 10 (4.63%) Computer Science
12 5 (2.31%) RIA
13 4 (1.85%) N-Tier
13 4 (1.85%) User Experience
14 3 (1.39%) Data Centre
15 2 (0.93%) Hedge funds
15 2 (0.93%) iPad
15 2 (0.93%) iPhone
16 1 (0.46%) Credit Risk
16 1 (0.46%) Market Risk
Operating Systems
1 55 (25.46%) Linux
2 20 (9.26%) Unix
3 5 (2.31%) CentOS
4 4 (1.85%) Windows
5 2 (0.93%) Apple iOS
Processes & Methodologies
1 122 (56.48%) Multithreading
2 110 (50.93%) Electronic Trading
3 51 (23.61%) Algorithmic Trading
4 45 (20.83%) Concurrent Programming
4 45 (20.83%) Multithreaded Programming
5 39 (18.06%) Agile Software Development
6 33 (15.28%) Market Making
7 22 (10.19%) Ultra-Low Latency
8 16 (7.41%) Migration
9 15 (6.94%) FX Algorithmic Trading
9 15 (6.94%) TDD
10 12 (5.56%) Analytics
10 12 (5.56%) Open Source
10 12 (5.56%) SDLC
10 12 (5.56%) Unit Testing
11 11 (5.09%) High Availability
11 11 (5.09%) Risk Management
12 10 (4.63%) High-Frequency Trading
13 9 (4.17%) OO
13 9 (4.17%) Scrum
Programming Languages
1 164 (75.93%) Java
2 50 (23.15%) C++
3 27 (12.50%) SQL
4 24 (11.11%) C#
5 14 (6.48%) JavaScript
6 13 (6.02%) Python
7 10 (4.63%) Bash Shell
8 8 (3.70%) Perl
9 5 (2.31%) C
10 2 (0.93%) Apple Swift
10 2 (0.93%) ES6
10 2 (0.93%) Objective-C
10 2 (0.93%) Shell Script
10 2 (0.93%) T-SQL
10 2 (0.93%) VBA
11 1 (0.46%) Kotlin
11 1 (0.46%) PL/SQL
11 1 (0.46%) PowerShell
11 1 (0.46%) Scala
11 1 (0.46%) VB
Qualifications
1 33 (15.28%) Degree
2 22 (10.19%) PhD
3 6 (2.78%) Computer Science Degree
4 4 (1.85%) Cisco Certification
5 3 (1.39%) CCIE
5 3 (1.39%) CCNP
6 2 (0.93%) Security Cleared
7 1 (0.46%) CCNA
7 1 (0.46%) PRINCE2 Certification
7 1 (0.46%) SC Cleared
Quality Assurance & Compliance
1 10 (4.63%) MiFID
2 1 (0.46%) QA
System Software
1 3 (1.39%) Docker
Systems Management
1 2 (0.93%) ITRS Geneos
1 2 (0.93%) Kubernetes
2 1 (0.46%) Ansible
2 1 (0.46%) Cacti
2 1 (0.46%) Cisco Prime
2 1 (0.46%) Control-M
2 1 (0.46%) MOM
2 1 (0.46%) Nagios
2 1 (0.46%) Opscode Chef
2 1 (0.46%) Opsview
2 1 (0.46%) Rancher
Vendors
1 15 (6.94%) TIBCO
2 11 (5.09%) Oracle
3 9 (4.17%) Sybase
4 5 (2.31%) Red Hat
5 4 (1.85%) Cisco
5 4 (1.85%) Currenex
5 4 (1.85%) ION Trading
6 3 (1.39%) Arista
6 3 (1.39%) Atlassian
6 3 (1.39%) Solace
7 2 (0.93%) Citrix
7 2 (0.93%) F5
7 2 (0.93%) Google
7 2 (0.93%) IBM
7 2 (0.93%) Juniper
7 2 (0.93%) Murex
8 1 (0.46%) Palo Alto
8 1 (0.46%) RedGate
8 1 (0.46%) Splunk
8 1 (0.46%) StreamBase