Period
to 19 November 2017

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 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.

Algo Trading
UK > England
6 months to
19 Nov 2017
Same period 2016 Same period 2015
Rank 580 714 627
Rank change year-on-year +134 -87 -34
Contract jobs citing Algorithmic Trading 274 150 237
As % of all contract IT jobs advertised in England 0.29% 0.15% 0.23%
As % of the Processes & Methodologies category 0.35% 0.18% 0.28%
Number of daily rates quoted 224 127 194
England median daily rate £675 £625 £650
Median daily rate % change year-on-year +8.00% -3.85% -
10th Percentile £500 £500 £454
90th Percentile £863 £750 £775
UK median daily rate £675 £625 £650
% change year-on-year +8.00% -3.85% -
Number of hourly rates quoted 0 0 0
England median hourly rate - - -
UK median hourly rate - - -

Algorithmic Trading 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 England with a requirement for process or methodology skills.

All Process and Methodology Skills
England
Contract vacancies with a requirement for process or methodology skills 78959 81979 85805
As % of all contract IT jobs advertised in England 84.69% 84.17% 81.93%
Number of daily rates quoted 53119 54700 56575
England median daily rate £450 £425 £422
Median daily rate % change year-on-year +5.88% +0.62% +5.60%
10th Percentile £288 £264 £263
90th Percentile £638 £613 £600
UK median daily rate £450 £425 £413
% change year-on-year +5.88% +3.03% +3.13%
Number of hourly rates quoted 1842 2121 2517
England median hourly rate £23.75 £24.41 £22.50
Median hourly rate % change year-on-year -2.70% +8.49% +18.42%
10th Percentile £11.35 £11.50 £11.50
90th Percentile £50.00 £48.75 £47.50
UK median hourly rate £23.32 £24.00 £22.50
% change year-on-year -2.83% +6.67% +18.42%

Algorithmic Trading
Job Vacancy Trend in England

Job postings citing Algorithmic Trading as a percentage of all IT jobs advertised in England.

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 6 months to 19 November 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 6 months to 19 November 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London +89 274 £675 +8.00% 20
Algorithmic Trading
UK

For the 6 months to 19 November 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.

1 187 (68.25%) Front Office
2 173 (63.14%) Foreign Exchange (FX)
3 159 (58.03%) Low Latency
4 142 (51.82%) Electronic Trading
5 123 (44.89%) Java
6 117 (42.70%) Multithreading
7 79 (28.83%) Banking
8 71 (25.91%) Finance
8 71 (25.91%) Market Making
9 66 (24.09%) C++
9 66 (24.09%) SQL
10 64 (23.36%) Unix
10 64 (23.36%) Linux
11 62 (22.63%) FIX Protocol
12 55 (20.07%) Python
12 55 (20.07%) Equities
13 51 (18.61%) FX Algorithmic Trading
14 48 (17.52%) C#
15 44 (16.06%) Investment Banking
16 41 (14.96%) Multithreaded Programming
17 40 (14.60%) Analytical Skills
18 30 (10.95%) SQL Server
18 30 (10.95%) Algorithms
18 30 (10.95%) Degree
18 30 (10.95%) WPF
18 30 (10.95%) Currenex
19 29 (10.58%) Reuters
20 28 (10.22%) TIBCO
21 27 (9.85%) PhD
21 27 (9.85%) Agile Software Development

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 9 (3.28%) MQSeries
2 2 (0.73%) Apache Spark
3 1 (0.36%) Confluence
3 1 (0.36%) Oracle Coherence
Applications
1 1 (0.36%) Microsoft Office
Business Applications
1 18 (6.57%) RMDS
2 7 (2.55%) ION MarketView
3 1 (0.36%) Bloomberg TOMS
Cloud Services
1 4 (1.46%) GitHub
Communications & Networking
1 14 (5.11%) TCP/IP
2 9 (3.28%) FIX Connectivity
3 4 (1.46%) Firewall
4 3 (1.09%) BGP
4 3 (1.09%) Cisco Nexus
4 3 (1.09%) DMZ
4 3 (1.09%) EIGRP
4 3 (1.09%) Multicast
4 3 (1.09%) NetScaler
4 3 (1.09%) OSPF
4 3 (1.09%) VLAN
4 3 (1.09%) VoIP
4 3 (1.09%) Wi-Fi
5 1 (0.36%) Intranet
Database & Business Intelligence
1 30 (10.95%) SQL Server
2 23 (8.39%) KDB
3 7 (2.55%) Kdb+
4 5 (1.82%) Relational Database
5 3 (1.09%) Apache Cassandra
5 3 (1.09%) Big Data
5 3 (1.09%) NoSQL
5 3 (1.09%) Redis
5 3 (1.09%) Tick Data
Development Applications
1 8 (2.92%) Git (software)
2 5 (1.82%) NUnit
2 5 (1.82%) TeamCity
3 3 (1.09%) JIRA
3 3 (1.09%) Maven
3 3 (1.09%) NuGet
4 2 (0.73%) Cucumber
4 2 (0.73%) FitNesse
4 2 (0.73%) Sonatype Nexus
5 1 (0.36%) Gradle
5 1 (0.36%) Jenkins
5 1 (0.36%) Subversion
5 1 (0.36%) Team Foundation Server
5 1 (0.36%) Visual Studio
General
1 187 (68.25%) Front Office
2 79 (28.83%) Banking
3 71 (25.91%) Finance
4 44 (16.06%) Investment Banking
5 11 (4.01%) Financial Institution
6 5 (1.82%) Back Office
7 2 (0.73%) Telecoms
8 1 (0.36%) French Language
8 1 (0.36%) Pharmaceutical
8 1 (0.36%) Retail
8 1 (0.36%) Retail Banking
Job Titles
1 192 (70.07%) Developer
2 99 (36.13%) Java Developer
3 53 (19.34%) Electronic Trading Developer
4 43 (15.69%) C# Developer
5 40 (14.60%) Algorithmic Trading Developer
6 38 (13.87%) Analyst
7 36 (13.14%) Electronic Trading Java Developer
8 35 (12.77%) C++ Developer
9 32 (11.68%) Senior Developer
10 30 (10.95%) Front Office Developer
11 27 (9.85%) Senior Java Developer
12 24 (8.76%) Java Developer - Algorithmic Trading
13 22 (8.03%) Support Analyst
14 15 (5.47%) Low Latency C++ Developer
15 13 (4.74%) Low Latency Java Developer
16 12 (4.38%) Business Analyst
16 12 (4.38%) Electronic Trading C++ Developer
17 11 (4.01%) Electronic Trading Support
18 10 (3.65%) Applications Support
18 10 (3.65%) SQL Developer
Libraries, Frameworks & Software Standards
1 62 (22.63%) FIX Protocol
2 30 (10.95%) WPF
3 16 (5.84%) Boost C++ Libraries
3 16 (5.84%) STL
4 15 (5.47%) Rendezvous
5 14 (5.11%) Middleware
5 14 (5.11%) WinForms
6 9 (3.28%) .NET
7 8 (2.92%) HTML
7 8 (2.92%) HTML5
8 7 (2.55%) Swing
9 5 (1.82%) Reactive Extensions
9 5 (1.82%) WCF
10 4 (1.46%) Silverlight
10 4 (1.46%) Spring
11 3 (1.09%) AngularJS
11 3 (1.09%) Kafka
11 3 (1.09%) RabbitMQ
12 2 (0.73%) Akka
12 2 (0.73%) Node.js
Miscellaneous
1 173 (63.14%) Foreign Exchange (FX)
2 55 (20.07%) Equities
3 40 (14.60%) Analytical Skills
4 30 (10.95%) Algorithms
5 21 (7.66%) Data Structures
6 20 (7.30%) Fixed Income
7 17 (6.20%) Computer Science
8 16 (5.84%) Derivative
9 15 (5.47%) Hedge funds
10 5 (1.82%) Equity Derivative
11 4 (1.46%) Enterprise Software
11 4 (1.46%) Virtual Team
12 3 (1.09%) Data Centre
12 3 (1.09%) Fintech
12 3 (1.09%) TWAP
12 3 (1.09%) VWAP
13 1 (0.36%) EFT
13 1 (0.36%) Market Risk
13 1 (0.36%) N-Tier
13 1 (0.36%) SCADA
Operating Systems
1 64 (23.36%) Linux
1 64 (23.36%) Unix
2 26 (9.49%) Windows
3 1 (0.36%) Red Hat Enterprise Linux
Processes & Methodologies
1 159 (58.03%) Low Latency
2 142 (51.82%) Electronic Trading
3 117 (42.70%) Multithreading
4 71 (25.91%) Market Making
5 51 (18.61%) FX Algorithmic Trading
6 41 (14.96%) Multithreaded Programming
7 27 (9.85%) Agile Software Development
8 25 (9.12%) Performance Optimisation
9 21 (7.66%) Risk Management
10 19 (6.93%) Performance Tuning
11 17 (6.20%) Analytics
11 17 (6.20%) Mathematics
12 16 (5.84%) TDD
13 15 (5.47%) Ultra-Low Latency
14 13 (4.74%) Concurrent Programming
15 11 (4.01%) E-Commerce
15 11 (4.01%) High-Frequency Trading
16 10 (3.65%) Continuous Integration
17 9 (3.28%) Performance Testing
18 8 (2.92%) Problem Management
Programming Languages
1 123 (44.89%) Java
2 66 (24.09%) C++
2 66 (24.09%) SQL
3 55 (20.07%) Python
4 48 (17.52%) C#
5 17 (6.20%) Perl
6 16 (5.84%) JavaScript
7 6 (2.19%) Bash Shell
8 4 (1.46%) XAML
9 3 (1.09%) PL/SQL
9 3 (1.09%) PowerShell
10 2 (0.73%) Korn
10 2 (0.73%) Scala
10 2 (0.73%) VBA
11 1 (0.36%) C
11 1 (0.36%) PHP
11 1 (0.36%) Shell Script
11 1 (0.36%) TypeScript
Qualifications
1 30 (10.95%) Degree
2 27 (9.85%) PhD
3 9 (3.28%) Computer Science Degree
4 3 (1.09%) Numerate Degree
5 2 (0.73%) CCNP
5 2 (0.73%) Cisco Certification
6 1 (0.36%) CCIE
6 1 (0.36%) PRINCE2 Certification
Quality Assurance & Compliance
1 22 (8.03%) MiFID
2 6 (2.19%) EMIR
3 4 (1.46%) QA
System Software
1 1 (0.36%) Docker
1 1 (0.36%) Virtual Machines
Systems Management
1 3 (1.09%) Cacti
1 3 (1.09%) Cisco Prime
2 1 (0.36%) CA Spectrum
2 1 (0.36%) HP Quality Center
2 1 (0.36%) Opscode Chef
Vendors
1 30 (10.95%) Currenex
2 29 (10.58%) Reuters
3 28 (10.22%) TIBCO
4 22 (8.03%) Oracle
5 15 (5.47%) FXall
6 14 (5.11%) ION Trading
7 12 (4.38%) Microsoft
8 9 (3.28%) Sun
9 4 (1.46%) Informatica
10 3 (1.09%) CheckPoint
10 3 (1.09%) Cisco
10 3 (1.09%) Citrix
10 3 (1.09%) DevExpress
10 3 (1.09%) Fortinet
10 3 (1.09%) Infragistics
10 3 (1.09%) NetScout
11 2 (0.73%) Solace
12 1 (0.36%) Arista
12 1 (0.36%) CA
12 1 (0.36%) StreamBase