The following table provides summary statistics for contract job vacancies advertised in London 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 30 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
England / London
3 months to
30 Mar 2017
Same period 2016 Same period 2015
Rank 340 327 326
Rank change year-on-year -13 -1  
Contract jobs citing Algorithmic Trading 60 107 94
As % of all contract IT jobs advertised in London 0.30% 0.47% 0.44%
As % of the Processes & Methodologies category 0.36% 0.56% 0.54%
Number of daily rates quoted 46 88 74
Median daily rate £625 £625 £625
90% offered a daily rate of more than £400 £450 £408
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 London with a requirement for process and methodology skills.

Contract Process & Methodology Skills
London
Contract job vacancies with a requirement for process and methodology skills 16775 19211 17566
As % of all contract IT job vacancies advertised in London 85.13% 85.14% 82.00%
Number of daily rates quoted 12076 13900 12358
Median daily rate £485 £475 £450
Median daily rate % change year-on-year +2.10% +5.55%  
90% offered a daily rate of more than £345 £325 £310
10% offered a daily rate of more than £650 £625 £613
UK excluding London median daily rate £410 £400 £396
% change year-on-year +2.50% +1.01%  
Number of hourly rates quoted 165 196 244
Median hourly rate £32.50 £22.12 £20.00
Median hourly rate % change year-on-year +46.95% +10.57%  
90% offered a hourly rate of more than £14.17 £12.50 £11.00
10% offered a hourly rate of more than £55.00 £52.50 £55.00
UK excluding London median hourly rate £35.75 £38.00 £30.00
% change year-on-year -5.92% +26.66%  

Algorithmic Trading
Job Vacancy Trend in London

The job posting trend of jobs advertised in London 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 London

Algorithmic Trading
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Algorithmic Trading in London

Algorithmic Trading
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Algorithmic Trading in London over the 3 months to 30 March 2017.

Contractor daily rate histogram for Algorithmic Trading in London

Algorithmic Trading
Contract Job Locations in London

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 London region over the 3 months to 30 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
City of London 0 11 £500 -28.57% 10
Westminster - 1 £400 -
Algorithmic Trading
England

For the 6 months to 30 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 London region with a requirement for Algorithmic Trading.

1 79 (57.66%) Low Latency
2 78 (56.93%) Electronic Trading
3 77 (56.20%) Foreign Exchange (FX)
4 75 (54.74%) Multithreading
5 73 (53.28%) Front Office
6 66 (48.18%) C++
7 63 (45.99%) Banking
8 60 (43.80%) Finance
9 49 (35.77%) SQL
10 46 (33.58%) Unix
11 44 (32.12%) STL
11 44 (32.12%) Boost C++ Libraries
12 40 (29.20%) Linux
13 39 (28.47%) Java
13 39 (28.47%) Risk Management
14 37 (27.01%) Investment Banking
15 36 (26.28%) Algorithms
16 31 (22.63%) Equities
17 30 (21.90%) MiFID
18 29 (21.17%) Agile Software Development
19 27 (19.71%) Fixed Income
20 23 (16.79%) E-Commerce
20 23 (16.79%) KDB
21 18 (13.14%) Multithreaded Programming
21 18 (13.14%) FIX Protocol
21 18 (13.14%) Analytical Skills
21 18 (13.14%) Python
21 18 (13.14%) C#
22 15 (10.95%) Market Making
23 14 (10.22%) Solace

Algorithmic Trading
Co-occurring IT Skills in 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 4 (2.92%) WebLogic
1 4 (2.92%) WebSphere
2 3 (2.19%) Confluence
Applications
1 4 (2.92%) MS Excel
2 1 (0.73%) Doxygen
2 1 (0.73%) LaTeX
2 1 (0.73%) MS Project
Business Applications
1 4 (2.92%) ION MarketView
1 4 (2.92%) Murex MxG2000
2 1 (0.73%) RMDS
Communications & Networking
1 10 (7.30%) TCP/IP
2 3 (2.19%) Multicast
3 2 (1.46%) FIX Connectivity
4 1 (0.73%) DHCP
4 1 (0.73%) DNS
4 1 (0.73%) Ethernet
4 1 (0.73%) FTP
4 1 (0.73%) IGMP
4 1 (0.73%) InfiniBand
4 1 (0.73%) SSH
Database & Business Intelligence
1 23 (16.79%) KDB
2 10 (7.30%) Kdb+
3 8 (5.84%) Tick Data
4 4 (2.92%) Relational Database
5 1 (0.73%) Big Data
5 1 (0.73%) MongoDB
5 1 (0.73%) MySQL
5 1 (0.73%) PostgreSQL
5 1 (0.73%) SQL Server
5 1 (0.73%) SQL Server Integration Services
5 1 (0.73%) SQL Server Reporting Services
Development Applications
1 3 (2.19%) Git (software)
1 3 (2.19%) JIRA
1 3 (2.19%) NUnit
1 3 (2.19%) Subversion
2 2 (1.46%) Eclipse
2 2 (1.46%) IntelliJ
General
1 73 (53.28%) Front Office
2 63 (45.99%) Banking
3 60 (43.80%) Finance
4 37 (27.01%) Investment Banking
5 4 (2.92%) Financial Institution
5 4 (2.92%) Prime Brokerage
6 2 (1.46%) Advertising
6 2 (1.46%) Back Office
6 2 (1.46%) Corporate Banking
7 1 (0.73%) Japanese Language
7 1 (0.73%) Legal
7 1 (0.73%) Retail
Job Titles
1 94 (68.61%) Developer
2 52 (37.96%) C++ Developer
3 26 (18.98%) Java Developer
4 21 (15.33%) Electronic Trading Developer
5 18 (13.14%) Analyst
5 18 (13.14%) Low Latency C++ Developer
6 13 (9.49%) Electronic Trading C++ Developer
7 12 (8.76%) Algorithmic Trading Developer
7 12 (8.76%) Business Analyst
8 9 (6.57%) MiFID Business Analyst
8 9 (6.57%) Support Analyst
9 7 (5.11%) Electronic Trading Java Developer
9 7 (5.11%) KDB Developer
10 6 (4.38%) Applications Support
10 6 (4.38%) Investment Banking C++ Developer
10 6 (4.38%) Scala Developer
10 6 (4.38%) Senior Developer
10 6 (4.38%) Systems Administrator
11 5 (3.65%) Administrator
11 5 (3.65%) Project Manager
Libraries, Frameworks & Software Standards
1 44 (32.12%) Boost C++ Libraries
1 44 (32.12%) STL
2 18 (13.14%) FIX Protocol
3 14 (10.22%) Middleware
4 5 (3.65%) HTML
4 5 (3.65%) HTML5
4 5 (3.65%) Spring
5 4 (2.92%) Hibernate
5 4 (2.92%) Java EE
5 4 (2.92%) Java SE
5 4 (2.92%) JMS
5 4 (2.92%) JNI
5 4 (2.92%) Murex Flex
5 4 (2.92%) Spring Integration
5 4 (2.92%) XML
5 4 (2.92%) XSLT
6 3 (2.19%) .NET
6 3 (2.19%) Reactive Extensions
6 3 (2.19%) Silverlight
6 3 (2.19%) WPF
Miscellaneous
1 77 (56.20%) Foreign Exchange (FX)
2 36 (26.28%) Algorithms
3 31 (22.63%) Equities
4 27 (19.71%) Fixed Income
5 18 (13.14%) Analytical Skills
6 13 (9.49%) Fintech
7 11 (8.03%) Derivative
7 11 (8.03%) N-Tier
8 9 (6.57%) TWAP
8 9 (6.57%) VWAP
9 8 (5.84%) Computer Science
10 4 (2.92%) Enterprise Software
10 4 (2.92%) Management Information System
10 4 (2.92%) SCADA
10 4 (2.92%) Virtual Team
11 3 (2.19%) Wiki
12 2 (1.46%) Equity Derivative
12 2 (1.46%) Hedge funds
13 1 (0.73%) Credit Derivative
13 1 (0.73%) Field-Programmable Gate Array
Operating Systems
1 46 (33.58%) Unix
2 40 (29.20%) Linux
3 14 (10.22%) Solaris
4 8 (5.84%) Windows
5 1 (0.73%) Red Hat Enterprise Linux
5 1 (0.73%) SUSE Linux Enterprise Server
Processes & Methodologies
1 79 (57.66%) Low Latency
2 78 (56.93%) Electronic Trading
3 75 (54.74%) Multithreading
4 39 (28.47%) Risk Management
5 29 (21.17%) Agile Software Development
6 23 (16.79%) E-Commerce
7 18 (13.14%) Multithreaded Programming
8 15 (10.95%) Market Making
9 13 (9.49%) High Availability
9 13 (9.49%) Mathematics
10 12 (8.76%) Data Management
10 12 (8.76%) Problem Management
11 11 (8.03%) High-Frequency Trading
12 10 (7.30%) Analytics
13 9 (6.57%) Project Management
14 8 (5.84%) FX Algorithmic Trading
14 8 (5.84%) Incident Management
14 8 (5.84%) Migration
14 8 (5.84%) Scrum
15 7 (5.11%) TDD
Programming Languages
1 66 (48.18%) C++
2 49 (35.77%) SQL
3 39 (28.47%) Java
4 18 (13.14%) C#
4 18 (13.14%) Python
5 7 (5.11%) Scala
6 6 (4.38%) Bash Shell
6 6 (4.38%) Perl
7 5 (3.65%) JavaScript
8 4 (2.92%) PL/SQL
9 3 (2.19%) Shell Script
9 3 (2.19%) XAML
10 1 (0.73%) MATLAB
10 1 (0.73%) R
10 1 (0.73%) Tcl
Qualifications
1 8 (5.84%) Degree
2 1 (0.73%) PhD
2 1 (0.73%) PMI Certification
2 1 (0.73%) PMP
Quality Assurance & Compliance
1 30 (21.90%) MiFID
2 7 (5.11%) QA
3 1 (0.73%) PMO
System Software
1 1 (0.73%) NFS
Systems Management
1 3 (2.19%) ITRS Geneos
Vendors
1 14 (10.22%) Solace
2 11 (8.03%) Cognizant
3 10 (7.30%) Oracle
4 8 (5.84%) ION Trading
4 8 (5.84%) Sun
5 7 (5.11%) Bloomberg
6 6 (4.38%) Fidessa
6 6 (4.38%) Reuters
6 6 (4.38%) Sybase
7 4 (2.92%) Adobe
7 4 (2.92%) Microsoft
7 4 (2.92%) Murex
8 3 (2.19%) Talarian
8 3 (2.19%) TIBCO
9 1 (0.73%) FXall
9 1 (0.73%) HP
9 1 (0.73%) Portware
City, London
Haysfm
Rate: £550.00 - £610.00 per day
Posted: Yesterday
London
McGregor Boyall
Rate: £800 - £1000 per day
Posted: 6 days ago
London
Cititec
Rate: £700 - £750 per day
Posted: 6 days ago