The following table provides summary statistics for contract job vacancies advertised in England with a requirement for Algorithmic Trading skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Algorithmic Trading over the 3 months to 28 March 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.

Algo Trading
UK / England
3 months to
28 Mar 2017
Same period 2016 Same period 2015
Rank 521 509 511
Rank change year-on-year -12 +2  
Contract jobs citing Algorithmic Trading 62 105 94
As % of all contract IT jobs advertised in England 0.15% 0.21% 0.19%
As % of the Processes & Methodologies category 0.18% 0.26% 0.24%
Number of daily rates quoted 49 86 75
Median daily rate £613 £625 £625
Median daily rate % change year-on-year -2.00% -  
90% offered a daily rate of more than £400 £450 £410
10% offered a daily rate of more than £900 £725 £700
UK excluding London median daily rate £414 - £563
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Algorithmic Trading is in the process and methodology skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in England with a requirement for process and methodology skills.

Contract Process & Methodology Skills
England
Contract job vacancies with a requirement for process and methodology skills 34656 40979 39244
As % of all contract IT job vacancies advertised in England 83.30% 82.95% 79.99%
Number of daily rates quoted 23008 27240 24713
Median daily rate £450 £438 £425
Median daily rate % change year-on-year +2.85% +2.94%  
90% offered a daily rate of more than £300 £300 £280
10% offered a daily rate of more than £600 £600 £585
UK excluding London median daily rate £410 £400 £396
% change year-on-year +2.50% +1.01%  
Number of hourly rates quoted 862 1004 1153
Median hourly rate £36.00 £36.50 £27.50
Median hourly rate % change year-on-year -1.36% +32.72%  
90% offered a hourly rate of more than £13.00 £13.00 £12.00
10% offered a hourly rate of more than £52.50 £52.50 £48.82
UK excluding London median hourly rate £36.00 £38.50 £30.20
% change year-on-year -6.49% +27.48%  

Algorithmic Trading
Job Vacancy Trend in England

The job posting trend of jobs advertised in England citing Algorithmic Trading as a proportion of all contract or permanent IT jobs with a match in the Processes & Methodologies category.

Job vacancy trend for Algorithmic Trading in England

Algorithmic Trading
Contractor Daily Rate Trend in England

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Algorithmic Trading in England.

Contractor daily rate trend for Algorithmic Trading in England

Algorithmic Trading
Contractor Daily Rate Histogram in England

The daily rate distribution of IT jobs citing Algorithmic Trading in England over the 3 months to 28 March 2017.

Contractor daily rate histogram for Algorithmic Trading in England

Algorithmic Trading
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Algorithmic Trading within the England region over the 3 months to 28 March 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London -19 62 £613 -2.00% 43
Algorithmic Trading
UK

Algorithmic Trading
Top 30 Co-occurring IT Skills in England

For the 6 months to 28 March 2017, IT contractor jobs citing Algorithmic Trading 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 England region with a requirement for Algorithmic Trading.

1 79 (57.25%) Electronic Trading
1 79 (57.25%) Low Latency
2 78 (56.52%) Foreign Exchange (FX)
3 76 (55.07%) Multithreading
4 74 (53.62%) Front Office
5 67 (48.55%) C++
6 64 (46.38%) Banking
7 61 (44.20%) Finance
8 50 (36.23%) SQL
9 46 (33.33%) Unix
10 45 (32.61%) STL
10 45 (32.61%) Boost C++ Libraries
11 40 (28.99%) Linux
11 40 (28.99%) Risk Management
12 39 (28.26%) Java
13 38 (27.54%) Investment Banking
14 37 (26.81%) Algorithms
15 31 (22.46%) MiFID
16 30 (21.74%) Equities
16 30 (21.74%) Agile Software Development
17 27 (19.57%) Fixed Income
18 24 (17.39%) E-Commerce
19 23 (16.67%) KDB
20 18 (13.04%) Multithreaded Programming
20 18 (13.04%) FIX Protocol
20 18 (13.04%) Analytical Skills
20 18 (13.04%) C#
21 17 (12.32%) Python
22 15 (10.87%) Middleware
22 15 (10.87%) Market Making

Algorithmic Trading
Co-occurring IT Skills in England 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 4 (2.90%) WebLogic
1 4 (2.90%) WebSphere
2 3 (2.17%) Confluence
Applications
1 4 (2.90%) MS Excel
2 1 (0.72%) Doxygen
2 1 (0.72%) LaTeX
2 1 (0.72%) MS Project
Business Applications
1 4 (2.90%) ION MarketView
1 4 (2.90%) Murex MxG2000
2 1 (0.72%) RMDS
Communications & Networking
1 10 (7.25%) TCP/IP
2 3 (2.17%) Multicast
3 2 (1.45%) FIX Connectivity
4 1 (0.72%) DHCP
4 1 (0.72%) DNS
4 1 (0.72%) Ethernet
4 1 (0.72%) FTP
4 1 (0.72%) IGMP
4 1 (0.72%) InfiniBand
4 1 (0.72%) SSH
Database & Business Intelligence
1 23 (16.67%) KDB
2 10 (7.25%) Kdb+
3 8 (5.80%) Tick Data
4 4 (2.90%) Relational Database
5 1 (0.72%) Big Data
5 1 (0.72%) MongoDB
5 1 (0.72%) MySQL
5 1 (0.72%) PostgreSQL
5 1 (0.72%) SQL Server
5 1 (0.72%) SQL Server Integration Services
5 1 (0.72%) SQL Server Reporting Services
Development Applications
1 3 (2.17%) Git (software)
1 3 (2.17%) JIRA
1 3 (2.17%) NUnit
1 3 (2.17%) Subversion
2 2 (1.45%) Eclipse
2 2 (1.45%) IntelliJ
3 1 (0.72%) CasperJS
3 1 (0.72%) HP UFT
3 1 (0.72%) Selenium
General
1 74 (53.62%) Front Office
2 64 (46.38%) Banking
3 61 (44.20%) Finance
4 38 (27.54%) Investment Banking
5 4 (2.90%) Financial Institution
5 4 (2.90%) Prime Brokerage
6 2 (1.45%) Advertising
6 2 (1.45%) Back Office
6 2 (1.45%) Corporate Banking
7 1 (0.72%) Japanese Language
7 1 (0.72%) Legal
7 1 (0.72%) Retail
Job Titles
1 95 (68.84%) Developer
2 53 (38.41%) C++ Developer
3 26 (18.84%) Java Developer
4 22 (15.94%) Electronic Trading Developer
5 19 (13.77%) Low Latency C++ Developer
6 17 (12.32%) Analyst
7 14 (10.14%) Electronic Trading C++ Developer
8 12 (8.70%) Algorithmic Trading Developer
8 12 (8.70%) Business Analyst
9 9 (6.52%) MiFID Business Analyst
10 8 (5.80%) Support Analyst
11 7 (5.07%) Electronic Trading Java Developer
11 7 (5.07%) KDB Developer
12 6 (4.35%) Applications Support
12 6 (4.35%) Investment Banking C++ Developer
12 6 (4.35%) Scala Developer
12 6 (4.35%) Senior Developer
12 6 (4.35%) Systems Administrator
13 5 (3.62%) Administrator
13 5 (3.62%) Project Manager
Libraries, Frameworks & Software Standards
1 45 (32.61%) Boost C++ Libraries
1 45 (32.61%) STL
2 18 (13.04%) FIX Protocol
3 15 (10.87%) Middleware
4 5 (3.62%) HTML
4 5 (3.62%) HTML5
4 5 (3.62%) Spring
5 4 (2.90%) .NET
5 4 (2.90%) Hibernate
5 4 (2.90%) Java EE
5 4 (2.90%) Java SE
5 4 (2.90%) JMS
5 4 (2.90%) JNI
5 4 (2.90%) Murex Flex
5 4 (2.90%) Spring Integration
5 4 (2.90%) XML
5 4 (2.90%) XSLT
6 3 (2.17%) Reactive Extensions
6 3 (2.17%) Silverlight
6 3 (2.17%) WPF
Miscellaneous
1 78 (56.52%) Foreign Exchange (FX)
2 37 (26.81%) Algorithms
3 30 (21.74%) Equities
4 27 (19.57%) Fixed Income
5 18 (13.04%) Analytical Skills
6 13 (9.42%) Fintech
7 12 (8.70%) N-Tier
8 11 (7.97%) Derivative
9 9 (6.52%) TWAP
9 9 (6.52%) VWAP
10 8 (5.80%) Computer Science
11 4 (2.90%) Enterprise Software
11 4 (2.90%) Management Information System
11 4 (2.90%) SCADA
11 4 (2.90%) Virtual Team
12 3 (2.17%) Wiki
13 2 (1.45%) Equity Derivative
14 1 (0.72%) Credit Derivative
14 1 (0.72%) Field-Programmable Gate Array
14 1 (0.72%) Hedge funds
Operating Systems
1 46 (33.33%) Unix
2 40 (28.99%) Linux
3 14 (10.14%) Solaris
4 8 (5.80%) Windows
5 1 (0.72%) Red Hat Enterprise Linux
5 1 (0.72%) SUSE Linux Enterprise Server
Processes & Methodologies
1 79 (57.25%) Electronic Trading
1 79 (57.25%) Low Latency
2 76 (55.07%) Multithreading
3 40 (28.99%) Risk Management
4 30 (21.74%) Agile Software Development
5 24 (17.39%) E-Commerce
6 18 (13.04%) Multithreaded Programming
7 15 (10.87%) Market Making
8 14 (10.14%) High Availability
8 14 (10.14%) Mathematics
9 12 (8.70%) Data Management
9 12 (8.70%) Problem Management
10 11 (7.97%) Analytics
10 11 (7.97%) High-Frequency Trading
11 9 (6.52%) Project Management
12 8 (5.80%) FX Algorithmic Trading
12 8 (5.80%) Incident Management
12 8 (5.80%) Migration
12 8 (5.80%) Scrum
13 7 (5.07%) TDD
Programming Languages
1 67 (48.55%) C++
2 50 (36.23%) SQL
3 39 (28.26%) Java
4 18 (13.04%) C#
5 17 (12.32%) Python
6 7 (5.07%) Scala
7 6 (4.35%) Bash Shell
8 5 (3.62%) JavaScript
8 5 (3.62%) Perl
9 4 (2.90%) PL/SQL
10 3 (2.17%) Shell Script
10 3 (2.17%) XAML
11 1 (0.72%) MATLAB
11 1 (0.72%) R
11 1 (0.72%) Tcl
Qualifications
1 8 (5.80%) Degree
2 1 (0.72%) PhD
2 1 (0.72%) PMI Certification
2 1 (0.72%) PMP
Quality Assurance & Compliance
1 31 (22.46%) MiFID
2 8 (5.80%) QA
3 1 (0.72%) PMO
3 1 (0.72%) SDET
System Software
1 1 (0.72%) NFS
Systems Management
1 3 (2.17%) ITRS Geneos
Vendors
1 15 (10.87%) Solace
2 12 (8.70%) Cognizant
3 10 (7.25%) Oracle
4 8 (5.80%) ION Trading
4 8 (5.80%) Sun
5 7 (5.07%) Bloomberg
5 7 (5.07%) Sybase
6 6 (4.35%) Fidessa
6 6 (4.35%) Reuters
7 4 (2.90%) Adobe
7 4 (2.90%) Microsoft
7 4 (2.90%) Murex
8 3 (2.17%) Talarian
8 3 (2.17%) TIBCO
9 1 (0.72%) FXall
9 1 (0.72%) HP
9 1 (0.72%) Portware
London
McGregor Boyall
Rate: £800 - £1000 per day
Posted: 4 days ago
London
Cititec
Rate: £700 - £750 per day
Posted: 4 days ago
London
AMS contingency
Posted: 26 days ago