Period
to 22 February 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 22 February 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
22 Feb 2018
Same period 2017 Same period 2016
Rank 82 106 99
Rank change year-on-year +24 -7 +4
Contract jobs citing Low Latency 208 132 148
As % of all contract IT jobs advertised in the City of London 2.93% 2.15% 2.21%
As % of the Processes & Methodologies category 3.33% 2.47% 2.56%
Number of daily rates quoted 192 124 139
City of London median daily rate £675 £600 £625
Median daily rate % change year-on-year +12.50% -4.00% -
10th Percentile £525 £423 £468
90th Percentile £850 £746 £738
Central London median daily rate £675 £600 £625
% change year-on-year +12.50% -4.00% -
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 6,238 5,346 5,772
As % of all contract IT jobs advertised in the City of London 87.81% 87.03% 86.30%
Number of daily rates quoted 4,966 4,249 4,616
City of London median daily rate £504 £488 £475
Median daily rate % change year-on-year +3.33% +2.63% +5.56%
10th Percentile £334 £313 £293
90th Percentile £688 £675 £650
Central London median daily rate £500 £475 £463
% change year-on-year +5.26% +2.70% +2.78%
Number of hourly rates quoted 72 51 59
City of London median hourly rate £19.10 £20.75 £21.13
Median hourly rate % change year-on-year -7.95% -1.80% +10.43%
10th Percentile £11.63 £13.74 £11.93
90th Percentile £41.65 £55.00 £51.90
Central London median hourly rate £20.75 £20.21 £21.13
% change year-on-year +2.67% -4.35% +17.39%

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 22 February 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 22 February 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.

1 158 (75.96%) Java
2 121 (58.17%) Electronic Trading
3 101 (48.56%) Multithreading
4 83 (39.90%) Front Office
5 82 (39.42%) Banking
6 72 (34.62%) Foreign Exchange (FX)
7 57 (27.40%) FIX Protocol
8 45 (21.63%) Equities
9 44 (21.15%) Investment Banking
10 43 (20.67%) Finance
10 43 (20.67%) Linux
11 41 (19.71%) Agile Software Development
12 36 (17.31%) C++
12 36 (17.31%) Algorithmic Trading
13 33 (15.87%) Concurrent Programming
14 31 (14.90%) Multithreaded Programming
15 30 (14.42%) Ultra-Low Latency
16 29 (13.94%) C#
17 28 (13.46%) Java Concurrency
18 27 (12.98%) Derivative
19 24 (11.54%) Analytical Skills
20 22 (10.58%) Market Making
20 22 (10.58%) Equity Derivative
20 22 (10.58%) Degree
21 20 (9.62%) SQL
22 19 (9.13%) HTML
22 19 (9.13%) Greenfield Project
23 18 (8.65%) JavaScript
23 18 (8.65%) .NET
23 18 (8.65%) TDD

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 14 (6.73%) GemFire
2 2 (0.96%) Apache
2 2 (0.96%) Apache Spark
2 2 (0.96%) Elasticsearch
3 1 (0.48%) Cloud Foundry
3 1 (0.48%) Oracle Coherence
3 1 (0.48%) Tomcat
3 1 (0.48%) WildFly
Business Applications
1 2 (0.96%) ION MarketView
2 1 (0.48%) RMDS
Cloud Services
1 3 (1.44%) Amazon AWS
2 2 (0.96%) GitHub
2 2 (0.96%) Google Cloud Platform
3 1 (0.48%) Microsoft Azure
3 1 (0.48%) SaaS
Communications & Networking
1 6 (2.88%) FIX Connectivity
1 6 (2.88%) Internet
2 2 (0.96%) Multicast
2 2 (0.96%) snoop
3 1 (0.48%) DMZ
3 1 (0.48%) F5 BIG-IP GTM
3 1 (0.48%) F5 BIG-IP LTM
3 1 (0.48%) Network Security
3 1 (0.48%) TCP/IP
Database & Business Intelligence
1 14 (6.73%) KDB
2 10 (4.81%) SQL Server
3 8 (3.85%) Relational Database
4 5 (2.40%) Kdb+
5 2 (0.96%) Big Data
5 2 (0.96%) Mahout
5 2 (0.96%) MySQL
5 2 (0.96%) RDBMS
6 1 (0.48%) Blockchain
6 1 (0.48%) Hadoop
6 1 (0.48%) HBase
6 1 (0.48%) InterSystems Cache
6 1 (0.48%) MongoDB
6 1 (0.48%) NoSQL
6 1 (0.48%) OrientDB
6 1 (0.48%) PostgreSQL
Development Applications
1 4 (1.92%) Moq
1 4 (1.92%) NUnit
1 4 (1.92%) Subversion
1 4 (1.92%) TeamCity
2 3 (1.44%) Jenkins
2 3 (1.44%) Maven
2 3 (1.44%) ReSharper
3 2 (0.96%) Git (software)
3 2 (0.96%) LINQPad
4 1 (0.48%) CodeRush
4 1 (0.48%) Cucumber
4 1 (0.48%) Jasmine
4 1 (0.48%) JConsole
4 1 (0.48%) JProfiler
4 1 (0.48%) Karma Test Runner
4 1 (0.48%) Liquibase
4 1 (0.48%) Mocha
4 1 (0.48%) Octopus Deploy
4 1 (0.48%) QUnit
4 1 (0.48%) VisualVM
General
1 83 (39.90%) Front Office
2 82 (39.42%) Banking
3 44 (21.15%) Investment Banking
4 43 (20.67%) Finance
5 3 (1.44%) Financial Institution
6 1 (0.48%) Digital Economy
6 1 (0.48%) Legal
6 1 (0.48%) Marketing
6 1 (0.48%) Telecoms
Job Titles
1 180 (86.54%) Developer
2 114 (54.81%) Java Developer
3 34 (16.35%) Senior Developer
4 27 (12.98%) Electronic Trading Developer
5 26 (12.50%) Senior Java Developer
6 24 (11.54%) Low Latency Java Developer
7 23 (11.06%) Electronic Trading Java Developer
8 22 (10.58%) Front Office Developer
9 20 (9.62%) C++ Developer
10 19 (9.13%) C# Developer
11 12 (5.77%) Algorithmic Trading Developer
12 8 (3.85%) Core Java Developer
12 8 (3.85%) Front End Developer (Client-Side Developer)
12 8 (3.85%) Lead Developer
12 8 (3.85%) Low Latency C++ Developer
13 7 (3.37%) C++ Developer - Algorithmic Trading
13 7 (3.37%) JavaScript Developer
13 7 (3.37%) Lead Java Developer
14 6 (2.88%) Pricing Developer
14 6 (2.88%) React Developer
Libraries, Frameworks & Software Standards
1 57 (27.40%) FIX Protocol
2 28 (13.46%) Java Concurrency
3 19 (9.13%) HTML
4 18 (8.65%) .NET
5 11 (5.29%) AngularJS
5 11 (5.29%) HTML5
6 10 (4.81%) CSS
6 10 (4.81%) React
6 10 (4.81%) WPF
7 9 (4.33%) Web Services
8 8 (3.85%) RESTful
9 6 (2.88%) .NET Framework
9 6 (2.88%) REST
9 6 (2.88%) TIBCO EMS
10 5 (2.40%) JMS
10 5 (2.40%) Middleware
10 5 (2.40%) Rendezvous
11 4 (1.92%) Node.js
11 4 (1.92%) WCF
11 4 (1.92%) WinForms
Miscellaneous
1 72 (34.62%) Foreign Exchange (FX)
2 45 (21.63%) Equities
3 27 (12.98%) Derivative
4 24 (11.54%) Analytical Skills
5 22 (10.58%) Equity Derivative
6 19 (9.13%) Greenfield Project
7 16 (7.69%) Data Structures
8 14 (6.73%) Fixed Income
9 13 (6.25%) Algorithms
10 9 (4.33%) Computer Science
11 7 (3.37%) N-Tier
12 6 (2.88%) RIA
13 4 (1.92%) Enterprise Software
14 3 (1.44%) Fintech
15 2 (0.96%) Data Centre
16 1 (0.48%) Analytical Mindset
16 1 (0.48%) Bitcoin
16 1 (0.48%) Grid Computing
16 1 (0.48%) Market Risk
16 1 (0.48%) User Experience
Operating Systems
1 43 (20.67%) Linux
2 15 (7.21%) Unix
3 3 (1.44%) Windows
4 2 (0.96%) CentOS
5 1 (0.48%) Red Hat Enterprise Linux
5 1 (0.48%) Windows Server
5 1 (0.48%) Windows Server 2008
Processes & Methodologies
1 121 (58.17%) Electronic Trading
2 101 (48.56%) Multithreading
3 41 (19.71%) Agile Software Development
4 36 (17.31%) Algorithmic Trading
5 33 (15.87%) Concurrent Programming
6 31 (14.90%) Multithreaded Programming
7 30 (14.42%) Ultra-Low Latency
8 22 (10.58%) Market Making
9 18 (8.65%) TDD
10 17 (8.17%) Unit Testing
11 16 (7.69%) High Availability
11 16 (7.69%) Open Source
12 13 (6.25%) Migration
13 11 (5.29%) Analytics
13 11 (5.29%) OO
13 11 (5.29%) Risk Management
14 10 (4.81%) Web Development
15 9 (4.33%) E-Commerce
16 8 (3.85%) Requirements Analysis
16 8 (3.85%) SDLC
Programming Languages
1 158 (75.96%) Java
2 36 (17.31%) C++
3 29 (13.94%) C#
4 20 (9.62%) SQL
5 18 (8.65%) JavaScript
6 10 (4.81%) Python
7 6 (2.88%) Scala
8 4 (1.92%) Bash Shell
8 4 (1.92%) ES6
8 4 (1.92%) T-SQL
9 3 (1.44%) C
10 2 (0.96%) Clojure
10 2 (0.96%) Kotlin
10 2 (0.96%) Perl
11 1 (0.48%) Ruby
11 1 (0.48%) Shell Script
Qualifications
1 22 (10.58%) Degree
2 14 (6.73%) PhD
3 3 (1.44%) Computer Science Degree
4 2 (0.96%) CCIE
4 2 (0.96%) Cisco Certification
5 1 (0.48%) CCNA
5 1 (0.48%) CCNP
5 1 (0.48%) Security Cleared
Quality Assurance & Compliance
1 1 (0.48%) MiFID
1 1 (0.48%) QA
System Software
1 5 (2.40%) Docker
Systems Management
1 2 (0.96%) Kubernetes
2 1 (0.48%) Ansible
2 1 (0.48%) MOM
2 1 (0.48%) Rancher
2 1 (0.48%) Terraform
Vendors
1 8 (3.85%) TIBCO
2 5 (2.40%) Oracle
2 5 (2.40%) Sybase
3 4 (1.92%) Typemock
4 3 (1.44%) Arista
4 3 (1.44%) Cisco
4 3 (1.44%) Red Hat
5 2 (0.96%) DevExpress
5 2 (0.96%) Google
5 2 (0.96%) Infragistics
5 2 (0.96%) ION Trading
5 2 (0.96%) RedGate
5 2 (0.96%) Solace
5 2 (0.96%) Syncfusion
5 2 (0.96%) Telerik
6 1 (0.48%) Atlassian
6 1 (0.48%) Currenex
6 1 (0.48%) F5
6 1 (0.48%) Greenplum
6 1 (0.48%) Remedy