The following table provides summary statistics for contract job vacancies advertised in Glasgow 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 22 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.

3 months to
22 Mar 2017
Same period 2016 Same period 2015
Algo Trading
Scotland / Glasgow
Rank - 54 70
Contract jobs citing Algorithmic Trading 0 1 1
As % of all contract IT jobs advertised in Glasgow - 0.17% 0.12%
As % of the Processes & Methodologies category - 0.21% 0.14%
Number of daily rates quoted 0 0 1
Median daily rate - - £475
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 Glasgow with a requirement for process and methodology skills.

Contract Process & Methodology Skills
Glasgow
Contract job vacancies with a requirement for process and methodology skills 428 482 694
As % of all contract IT job vacancies advertised in Glasgow 85.09% 84.27% 85.05%
Number of daily rates quoted 231 265 411
Median daily rate £358 £325 £400
Median daily rate % change year-on-year +10.00% -18.75%  
90% offered a daily rate of more than £249 £200 £275
10% offered a daily rate of more than £475 £450 £525
UK excluding London median daily rate £409 £400 £398
% change year-on-year +2.25% +0.62%  
Number of hourly rates quoted 3 6 19
Median hourly rate £37.50 £30.00 £27.50
Median hourly rate % change year-on-year +25.00% +9.09%  
UK excluding London median hourly rate £36.00 £39.00 £30.00
% change year-on-year -7.69% +30.00%  

Algorithmic Trading
Job Vacancy Trend in Glasgow

The job posting trend of jobs advertised in Glasgow 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 Glasgow

Algorithmic Trading
Contractor Daily Rate Trend in Glasgow

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

Contractor daily rate trend for Algorithmic Trading in Glasgow