Period
to 26 May 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 26 May 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
26 May 2018
Same period 2017 Same period 2016
Rank 104 107 117
Rank change year-on-year +3 +10 +7
Contract jobs citing Low Latency 168 150 126
As % of all contract IT jobs advertised in the City of London 2.41% 2.42% 1.94%
As % of the Processes & Methodologies category 2.76% 2.77% 2.21%
Number of daily rates quoted 155 136 122
City of London median daily rate £675 £600 £625
Median daily rate % change year-on-year +12.50% -4.00% -
10th Percentile £513 £413 £440
90th Percentile £850 £725 £738
Central London median daily rate £675 £600 £625
% change year-on-year +12.50% -4.00% +0.44%
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 6,098 5,418 5,700
As % of all contract IT jobs advertised in the City of London 87.41% 87.27% 87.77%
Number of daily rates quoted 4,819 4,188 4,564
City of London median daily rate £505 £500 £475
Median daily rate % change year-on-year +1.00% +5.26% +5.56%
10th Percentile £334 £313 £300
90th Percentile £688 £675 £650
Central London median daily rate £500 £483 £463
% change year-on-year +3.63% +4.32% +2.78%
Number of hourly rates quoted 96 46 58
City of London median hourly rate £18.70 £19.35 £20.00
Median hourly rate % change year-on-year -3.36% -3.25% -2.18%
10th Percentile £12.15 £13.19 £11.50
90th Percentile £35.50 £36.38 £54.50
Central London median hourly rate £19.75 £16.96 £20.50
% change year-on-year +16.45% -17.27% +0.27%

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 26 May 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 26 May 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.

1 132 (78.57%) Java
2 81 (48.21%) Electronic Trading
3 73 (43.45%) Multithreading
4 61 (36.31%) Front Office
5 47 (27.98%) Banking
6 45 (26.79%) Foreign Exchange (FX)
7 42 (25.00%) Finance
8 41 (24.40%) FIX Protocol
9 39 (23.21%) Java 8
10 38 (22.62%) Agile Software Development
11 32 (19.05%) Derivative
12 29 (17.26%) Equities
12 29 (17.26%) Algorithmic Trading
13 27 (16.07%) Investment Banking
14 23 (13.69%) Linux
15 20 (11.90%) Fixed Income
16 19 (11.31%) Market Making
17 18 (10.71%) TDD
17 18 (10.71%) SQL
17 18 (10.71%) Ultra-Low Latency
18 17 (10.12%) C#
19 16 (9.52%) Migration
19 16 (9.52%) Java Concurrency
19 16 (9.52%) High Availability
20 15 (8.93%) Equity Derivative
21 14 (8.33%) Scala
21 14 (8.33%) C++
21 14 (8.33%) .NET
21 14 (8.33%) Multithreaded Programming
22 13 (7.74%) Unix

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 (4.17%) Apache Spark
2 6 (3.57%) GemFire
3 3 (1.79%) Tomcat
4 2 (1.19%) Apache
4 2 (1.19%) Apache Solr
4 2 (1.19%) Elasticsearch
Business Applications
1 4 (2.38%) RMDS
2 1 (0.60%) ION MarketView
Cloud Services
1 2 (1.19%) Amazon AWS
2 1 (0.60%) Amazon EMR
2 1 (0.60%) Amazon S3
2 1 (0.60%) Microsoft Azure
2 1 (0.60%) SaaS
Communications & Networking
1 7 (4.17%) Internet
2 6 (3.57%) Multicast
3 5 (2.98%) Firewall
4 4 (2.38%) Cisco IOS
4 4 (2.38%) DHCP
4 4 (2.38%) DNS
4 4 (2.38%) Extranet
4 4 (2.38%) LAN
4 4 (2.38%) OSPF
4 4 (2.38%) TCP/IP
5 2 (1.19%) BIG-IP
6 1 (0.60%) DMZ
6 1 (0.60%) HTTP
6 1 (0.60%) Kerberos
6 1 (0.60%) Network Security
6 1 (0.60%) snoop
Database & Business Intelligence
1 9 (5.36%) KDB
2 6 (3.57%) Kdb+
2 6 (3.57%) Relational Database
2 6 (3.57%) SQL Server
3 4 (2.38%) Big Data
3 4 (2.38%) NoSQL
4 3 (1.79%) Hadoop
4 3 (1.79%) MongoDB
4 3 (1.79%) MySQL
5 2 (1.19%) Blockchain
5 2 (1.19%) HBase
5 2 (1.19%) Impala
5 2 (1.19%) Mahout
5 2 (1.19%) Oracle Database
5 2 (1.19%) Oracle Database 10g
5 2 (1.19%) Oracle Database 11g
5 2 (1.19%) PostgreSQL
5 2 (1.19%) Redis
6 1 (0.60%) Enterprise Data Warehouse
6 1 (0.60%) Parquet
Development Applications
1 5 (2.98%) Jenkins
1 5 (2.98%) JUnit
2 4 (2.38%) Git (software)
2 4 (2.38%) Maven
2 4 (2.38%) Moq
2 4 (2.38%) NUnit
3 3 (1.79%) Subversion
4 2 (1.19%) Cucumber
4 2 (1.19%) GitLab
4 2 (1.19%) GoogleTest
4 2 (1.19%) Gradle
4 2 (1.19%) JIRA
4 2 (1.19%) Mockito
4 2 (1.19%) SoapUI
4 2 (1.19%) TeamCity
4 2 (1.19%) TestNG
5 1 (0.60%) JConsole
5 1 (0.60%) Liquibase
5 1 (0.60%) Sonatype Nexus
5 1 (0.60%) VisualVM
General
1 61 (36.31%) Front Office
2 47 (27.98%) Banking
3 42 (25.00%) Finance
4 27 (16.07%) Investment Banking
5 4 (2.38%) Financial Institution
6 2 (1.19%) Games
6 2 (1.19%) Telecoms
7 1 (0.60%) Back Office
7 1 (0.60%) Digital Economy
7 1 (0.60%) General Ledger
7 1 (0.60%) Legal
7 1 (0.60%) Marketing
Job Titles
1 128 (76.19%) Developer
2 91 (54.17%) Java Developer
3 35 (20.83%) Senior Developer
4 30 (17.86%) Front Office Developer
4 30 (17.86%) Senior Java Developer
5 19 (11.31%) Low Latency Java Developer
6 18 (10.71%) Electronic Trading Developer
6 18 (10.71%) Electronic Trading Java Developer
7 12 (7.14%) C# Developer
8 11 (6.55%) Java Engineer
9 8 (4.76%) C++ Developer
10 7 (4.17%) Scala Developer
11 5 (2.98%) JavaScript Developer
12 4 (2.38%) .NET Developer
12 4 (2.38%) Credit Risk Developer
12 4 (2.38%) Credit Risk Java Developer
12 4 (2.38%) Front End Developer (Client-Side Developer)
12 4 (2.38%) Network Engineer
12 4 (2.38%) Senior Credit Risk Java Developer
13 3 (1.79%) Apache Spark Developer
Libraries, Frameworks & Software Standards
1 41 (24.40%) FIX Protocol
2 16 (9.52%) Java Concurrency
3 14 (8.33%) .NET
4 10 (5.95%) AngularJS
5 9 (5.36%) HTML
6 7 (4.17%) Kafka
7 6 (3.57%) HTML5
7 6 (3.57%) Middleware
7 6 (3.57%) REST
7 6 (3.57%) RESTful
8 5 (2.98%) Akka
8 5 (2.98%) React
8 5 (2.98%) Spring
8 5 (2.98%) Spring Boot
9 4 (2.38%) .NET Framework
9 4 (2.38%) CSS
9 4 (2.38%) JSON
9 4 (2.38%) WCF
9 4 (2.38%) Web Services
10 3 (1.79%) J2EE
Miscellaneous
1 45 (26.79%) Foreign Exchange (FX)
2 32 (19.05%) Derivative
3 29 (17.26%) Equities
4 20 (11.90%) Fixed Income
5 15 (8.93%) Equity Derivative
6 10 (5.95%) Analytical Skills
7 9 (5.36%) Computer Science
7 9 (5.36%) Greenfield Project
8 7 (4.17%) Algorithms
8 7 (4.17%) Data Structures
9 5 (2.98%) Data Centre
10 4 (2.38%) Credit Risk
10 4 (2.38%) Enterprise Software
10 4 (2.38%) Eurex
10 4 (2.38%) Hedge funds
10 4 (2.38%) Virtual Team
11 3 (1.79%) Clustering
11 3 (1.79%) e-Health
11 3 (1.79%) N-Tier
11 3 (1.79%) RIA
Operating Systems
1 23 (13.69%) Linux
2 13 (7.74%) Unix
3 4 (2.38%) Windows
4 1 (0.60%) Red Hat Enterprise Linux
4 1 (0.60%) Windows Server
4 1 (0.60%) Windows Server 2008
Processes & Methodologies
1 81 (48.21%) Electronic Trading
2 73 (43.45%) Multithreading
3 38 (22.62%) Agile Software Development
4 29 (17.26%) Algorithmic Trading
5 19 (11.31%) Market Making
6 18 (10.71%) TDD
6 18 (10.71%) Ultra-Low Latency
7 16 (9.52%) High Availability
7 16 (9.52%) Migration
8 14 (8.33%) Multithreaded Programming
9 12 (7.14%) Concurrent Programming
10 11 (6.55%) Microservices
11 8 (4.76%) E-Commerce
11 8 (4.76%) Requirements Analysis
11 8 (4.76%) Unit Testing
11 8 (4.76%) Web Development
12 7 (4.17%) DevOps
12 7 (4.17%) OO
12 7 (4.17%) Open Source
13 6 (3.57%) Software Engineering
Programming Languages
1 132 (78.57%) Java
2 39 (23.21%) Java 8
3 18 (10.71%) SQL
4 17 (10.12%) C#
5 14 (8.33%) C++
5 14 (8.33%) Scala
6 10 (5.95%) JavaScript
7 8 (4.76%) Python
8 6 (3.57%) Clojure
9 4 (2.38%) T-SQL
10 3 (1.79%) C
10 3 (1.79%) ES6
11 2 (1.19%) Kotlin
12 1 (0.60%) Bash Shell
Qualifications
1 9 (5.36%) Degree
2 2 (1.19%) CCIE
2 2 (1.19%) CCNA
2 2 (1.19%) CCNP
2 2 (1.19%) Cisco Certification
3 1 (0.60%) PhD
3 1 (0.60%) Security Cleared
System Software
1 4 (2.38%) Docker
2 2 (1.19%) HDFS
3 1 (0.60%) Apache ZooKeeper
Systems Management
1 2 (1.19%) Ansible
1 2 (1.19%) Control-M
1 2 (1.19%) ITRS Geneos
2 1 (0.60%) Oozie
2 1 (0.60%) Terraform
Vendors
1 7 (4.17%) Oracle
2 6 (3.57%) Cisco
3 5 (2.98%) CheckPoint
4 4 (2.38%) Reuters
4 4 (2.38%) Sybase
4 4 (2.38%) Typemock
5 3 (1.79%) Arista
5 3 (1.79%) Red Hat
5 3 (1.79%) Solace
6 2 (1.19%) F5
6 2 (1.19%) Google
7 1 (0.60%) Cloudera
7 1 (0.60%) DevExpress
7 1 (0.60%) Greenplum
7 1 (0.60%) RedGate
7 1 (0.60%) Salesforce.com
7 1 (0.60%) Syncfusion
7 1 (0.60%) Tableau
7 1 (0.60%) Talend
7 1 (0.60%) TIBCO