Period
to 17 December 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 17 December 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
17 Dec 2018
Same period 2017 Same period 2016
Rank 116 78 124
Rank change year-on-year -38 +46 -12
Contract jobs citing Low Latency 154 231 120
As % of all contract IT jobs advertised in the City of London 2.17% 3.23% 1.85%
As % of the Processes & Methodologies category 2.48% 3.61% 2.08%
Number of daily rates quoted 141 204 114
City of London median daily rate £675 £675 £594
Median daily rate % change year-on-year - +13.68% -5.00%
10th Percentile £513 £513 £410
90th Percentile £775 £813 £738
Central London median daily rate £650 £675 £580
% change year-on-year -3.70% +16.38% -7.20%
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 6,202 6,401 5,760
As % of all contract IT jobs advertised in the City of London 87.39% 89.57% 88.75%
Number of daily rates quoted 4,887 5,104 4,553
City of London median daily rate £513 £510 £475
Median daily rate % change year-on-year +0.49% +7.37% -
10th Percentile £325 £325 £318
90th Percentile £675 £688 £672
Central London median daily rate £505 £500 £475
% change year-on-year +1.00% +5.26% +2.70%
Number of hourly rates quoted 84 61 53
City of London median hourly rate £18.85 £18.70 £20.00
Median hourly rate % change year-on-year +0.80% -6.50% -3.61%
10th Percentile £13.31 £13.30 £13.75
90th Percentile £34.40 £31.00 £55.00
Central London median hourly rate £19.00 £20.00 £19.00
% change year-on-year -5.00% +5.26% -5.00%

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 17 December 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 17 December 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.

1 127 (82.47%) Java
2 79 (51.30%) Multithreading
3 69 (44.81%) Agile Software Development
4 66 (42.86%) Electronic Trading
5 61 (39.61%) Banking
5 61 (39.61%) Front Office
6 55 (35.71%) Finance
7 41 (26.62%) Investment Banking
7 41 (26.62%) Foreign Exchange (FX)
8 39 (25.32%) Greenfield Project
9 38 (24.68%) Equities
10 30 (19.48%) Fixed Income
11 28 (18.18%) Open Source
12 26 (16.88%) Java 8
13 25 (16.23%) Algorithmic Trading
14 24 (15.58%) FIX Protocol
15 21 (13.64%) JUnit
16 20 (12.99%) TDD
16 20 (12.99%) Derivative
16 20 (12.99%) DevOps
16 20 (12.99%) Client Onboarding
17 19 (12.34%) Multithreaded Programming
18 17 (11.04%) Linux
19 15 (9.74%) Spring
19 15 (9.74%) Microservices
19 15 (9.74%) Mockito
19 15 (9.74%) BDD
20 14 (9.09%) Scala
20 14 (9.09%) Docker
20 14 (9.09%) Scrum

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 7 (4.55%) Apache Spark
2 4 (2.60%) Jetty
3 2 (1.30%) Apache Solr
3 2 (1.30%) GlassFish
3 2 (1.30%) Tomcat
4 1 (0.65%) Mule
Applications
1 2 (1.30%) Microsoft Excel
Business Applications
1 1 (0.65%) 3000 Xtra
1 1 (0.65%) RMDS
Cloud Services
1 6 (3.90%) Amazon AWS
2 3 (1.95%) Microsoft Azure
3 2 (1.30%) Cloud Computing
Communications & Networking
1 4 (2.60%) Internet
2 2 (1.30%) BGP
2 2 (1.30%) DMZ
2 2 (1.30%) Multicast
2 2 (1.30%) OSPF
3 1 (0.65%) EIGRP
3 1 (0.65%) IGMP
3 1 (0.65%) MPLS
3 1 (0.65%) TCP/IP
3 1 (0.65%) WAN
Database & Business Intelligence
1 7 (4.55%) Redis
1 7 (4.55%) SQL Server
2 6 (3.90%) Big Data
2 6 (3.90%) NoSQL
2 6 (3.90%) Relational Database
3 4 (2.60%) Hadoop
3 4 (2.60%) KDB
4 3 (1.95%) Apache Cassandra
4 3 (1.95%) MongoDB
5 2 (1.30%) Kdb+
5 2 (1.30%) MySQL
5 2 (1.30%) RDBMS
6 1 (0.65%) Azure SQL Database
Development Applications
1 21 (13.64%) JUnit
2 15 (9.74%) Mockito
3 7 (4.55%) Atlassian Bamboo
4 6 (3.90%) Jenkins
4 6 (3.90%) Maven
4 6 (3.90%) TestNG
5 4 (2.60%) jMock
6 3 (1.95%) Cucumber
6 3 (1.95%) Moq
6 3 (1.95%) NUnit
6 3 (1.95%) Rhino Mocks
6 3 (1.95%) SpecFlow
7 2 (1.30%) Gatling
7 2 (1.30%) Git (software)
7 2 (1.30%) Gradle
7 2 (1.30%) JMeter
7 2 (1.30%) LoadRunner
7 2 (1.30%) NeoLoad
8 1 (0.65%) Eclipse
8 1 (0.65%) IntelliJ
General
1 61 (39.61%) Banking
1 61 (39.61%) Front Office
2 55 (35.71%) Finance
3 41 (26.62%) Investment Banking
4 2 (1.30%) Financial Institution
5 1 (0.65%) Back Office
Job Titles
1 134 (87.01%) Developer
2 110 (71.43%) Java Developer
3 33 (21.43%) Front Office Developer
4 27 (17.53%) Senior Developer
5 23 (14.94%) Senior Java Developer
6 17 (11.04%) Low Latency Java Developer
7 9 (5.84%) Electronic Trading Developer
7 9 (5.84%) Electronic Trading Java Developer
8 8 (5.19%) C# Developer
8 8 (5.19%) DevOps Developer
8 8 (5.19%) Scala Developer
9 7 (4.55%) Agile Developer
9 7 (4.55%) Agile Java Developer
9 7 (4.55%) Apache Spark Developer
10 4 (2.60%) Java Engineer
10 4 (2.60%) Software Engineer
11 3 (1.95%) C++ Developer
11 3 (1.95%) Java Software Engineer
11 3 (1.95%) Lead Developer
11 3 (1.95%) Senior C# Developer
Libraries, Frameworks & Software Standards
1 24 (15.58%) FIX Protocol
2 15 (9.74%) Spring
3 13 (8.44%) Kafka
4 11 (7.14%) Hibernate
5 10 (6.49%) RESTful
6 9 (5.84%) JMS
6 9 (5.84%) REST
7 7 (4.55%) Akka
8 6 (3.90%) HTML
8 6 (3.90%) Rendezvous
8 6 (3.90%) WPF
9 5 (3.25%) WCF
10 4 (2.60%) HTML5
10 4 (2.60%) J2SE
10 4 (2.60%) JPA
10 4 (2.60%) MSMQ
10 4 (2.60%) React
10 4 (2.60%) TIBCO EMS
11 3 (1.95%) Middleware
11 3 (1.95%) WinForms
Miscellaneous
1 41 (26.62%) Foreign Exchange (FX)
2 39 (25.32%) Greenfield Project
3 38 (24.68%) Equities
4 30 (19.48%) Fixed Income
5 20 (12.99%) Derivative
6 10 (6.49%) Algorithms
7 7 (4.55%) Data Structures
8 5 (3.25%) Data Centre
8 5 (3.25%) Equity Derivative
8 5 (3.25%) Self-Motivation
8 5 (3.25%) User Experience
9 4 (2.60%) Fintech
10 2 (1.30%) Analytical Skills
10 2 (1.30%) Linux Command Line
10 2 (1.30%) N-Tier
10 2 (1.30%) RIA
11 1 (0.65%) Credit Risk
11 1 (0.65%) Enterprise Software
11 1 (0.65%) Hedge funds
11 1 (0.65%) OTC Derivatives
Operating Systems
1 17 (11.04%) Linux
2 7 (4.55%) Unix
3 1 (0.65%) Windows
Processes & Methodologies
1 79 (51.30%) Multithreading
2 69 (44.81%) Agile Software Development
3 66 (42.86%) Electronic Trading
4 28 (18.18%) Open Source
5 25 (16.23%) Algorithmic Trading
6 20 (12.99%) Client Onboarding
6 20 (12.99%) DevOps
6 20 (12.99%) TDD
7 19 (12.34%) Multithreaded Programming
8 15 (9.74%) BDD
8 15 (9.74%) Microservices
9 14 (9.09%) Scrum
10 13 (8.44%) Computer Science
10 13 (8.44%) Unit Testing
11 12 (7.79%) Migration
11 12 (7.79%) OOP
11 12 (7.79%) Performance Optimisation
11 12 (7.79%) Ultra-Low Latency
12 11 (7.14%) OO
12 11 (7.14%) Test Automation
Programming Languages
1 127 (82.47%) Java
2 26 (16.88%) Java 8
3 14 (9.09%) Scala
4 13 (8.44%) SQL
5 9 (5.84%) C#
5 9 (5.84%) Python
6 6 (3.90%) JavaScript
7 4 (2.60%) C++
8 3 (1.95%) C
9 2 (1.30%) Bash Shell
9 2 (1.30%) Clojure
9 2 (1.30%) ES6
9 2 (1.30%) Groovy
9 2 (1.30%) Kotlin
9 2 (1.30%) Ruby
9 2 (1.30%) VB
10 1 (0.65%) Perl
10 1 (0.65%) XAML
Qualifications
1 9 (5.84%) Degree
2 3 (1.95%) Computer Science Degree
3 1 (0.65%) CCIE
3 1 (0.65%) CCNP
3 1 (0.65%) Cisco Certification
3 1 (0.65%) JNCIP
Quality Assurance & Compliance
1 6 (3.90%) QA
2 1 (0.65%) Data Quality
2 1 (0.65%) PMO
System Software
1 14 (9.09%) Docker
Systems Management
1 7 (4.55%) Ansible
2 4 (2.60%) Kubernetes
3 2 (1.30%) Prometheus
Vendors
1 10 (6.49%) TIBCO
2 4 (2.60%) Currenex
3 3 (1.95%) Arista
4 2 (1.30%) AppDynamics
4 2 (1.30%) Cisco
4 2 (1.30%) Google
4 2 (1.30%) Oracle
4 2 (1.30%) SOASTA, Inc
5 1 (0.65%) Bloomberg
5 1 (0.65%) Fortinet
5 1 (0.65%) Juniper
5 1 (0.65%) Microsoft
5 1 (0.65%) Reuters