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 23 June 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
23 Jun 2017
Same period 2016 Same period 2015
Rank 318 363 305
Rank change year-on-year +45 -58  
Contract jobs citing Algorithmic Trading 104 64 119
As % of all contract IT jobs advertised in London 0.50% 0.30% 0.51%
As % of the Processes & Methodologies category 0.58% 0.35% 0.62%
Number of daily rates quoted 90 57 89
Median daily rate £600 £650 £675
Median daily rate % change year-on-year -7.69% -3.70%  
90% offered a daily rate of more than £465 £575 £500
10% offered a daily rate of more than £775 £700 £750
UK excluding London median daily rate - - £425
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 17919 18449 19236
As % of all contract IT job vacancies advertised in London 86.65% 85.29% 82.10%
Number of daily rates quoted 12848 13494 13624
Median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.55%  
90% offered a daily rate of more than £350 £325 £310
10% offered a daily rate of more than £630 £625 £625
UK excluding London median daily rate £415 £400 £383
% change year-on-year +3.75% +4.57%  
Number of hourly rates quoted 195 158 261
Median hourly rate £27.00 £21.00 £21.50
Median hourly rate % change year-on-year +28.57% -2.32%  
90% offered a hourly rate of more than £14.75 £12.50 £11.00
10% offered a hourly rate of more than £51.25 £43.75 £55.00
UK excluding London median hourly rate £33.50 £28.50 £30.00
% change year-on-year +17.54% -5.00%  

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 23 June 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 23 June 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 +7 24 £625 -10.71% 17
Docklands, London - 3 £650 -
Canary Wharf - 2 £625 -
Westminster - 1 £400 -
Algorithmic Trading
England

For the 6 months to 23 June 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.

1 104 (64.20%) Electronic Trading
2 87 (53.70%) Foreign Exchange (FX)
3 80 (49.38%) Front Office
3 80 (49.38%) Low Latency
4 72 (44.44%) Multithreading
5 67 (41.36%) Banking
6 59 (36.42%) Finance
7 56 (34.57%) SQL
8 55 (33.95%) Java
9 48 (29.63%) C++
10 45 (27.78%) Investment Banking
11 42 (25.93%) Equities
12 36 (22.22%) Unix
13 35 (21.60%) Linux
14 33 (20.37%) C#
15 32 (19.75%) MiFID
16 31 (19.14%) FIX Protocol
17 26 (16.05%) Python
18 25 (15.43%) KDB
19 22 (13.58%) Boost C++ Libraries
19 22 (13.58%) STL
19 22 (13.58%) Risk Management
19 22 (13.58%) Fixed Income
19 22 (13.58%) Algorithms
20 20 (12.35%) Analytical Skills
21 18 (11.11%) ION Trading
21 18 (11.11%) Agile Software Development
22 16 (9.88%) Kdb+
23 15 (9.26%) Fintech
23 15 (9.26%) Windows

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 5 (3.09%) MQSeries
2 4 (2.47%) WebLogic
2 4 (2.47%) WebSphere
3 3 (1.85%) Confluence
4 1 (0.62%) MTS
4 1 (0.62%) Oracle Coherence
Applications
1 1 (0.62%) Microsoft Office
1 1 (0.62%) Microsoft Project
Business Applications
1 8 (4.94%) ION MarketView
2 4 (2.47%) Murex MxG2000
3 2 (1.23%) RMDS
Communications & Networking
1 6 (3.70%) Firewall
2 4 (2.47%) FIX Connectivity
2 4 (2.47%) Multicast
3 3 (1.85%) BGP
3 3 (1.85%) Cisco Nexus
3 3 (1.85%) DMZ
3 3 (1.85%) EIGRP
3 3 (1.85%) NetScaler
3 3 (1.85%) OSPF
3 3 (1.85%) VLAN
3 3 (1.85%) VoIP
3 3 (1.85%) Wi-Fi
4 1 (0.62%) TCP/IP
Database & Business Intelligence
1 25 (15.43%) KDB
2 16 (9.88%) Kdb+
3 11 (6.79%) Tick Data
4 10 (6.17%) Relational Database
5 4 (2.47%) Apache Cassandra
5 4 (2.47%) SQL Server
6 1 (0.62%) Big Data
Development Applications
1 12 (7.41%) NUnit
2 4 (2.47%) Git (software)
3 3 (1.85%) JIRA
3 3 (1.85%) Subversion
4 2 (1.23%) Eclipse
4 2 (1.23%) IntelliJ
4 2 (1.23%) Sonatype Nexus
5 1 (0.62%) Cucumber
5 1 (0.62%) FitNesse
5 1 (0.62%) Jenkins
5 1 (0.62%) Moq
5 1 (0.62%) Team Foundation Server
5 1 (0.62%) Visual Studio
General
1 80 (49.38%) Front Office
2 67 (41.36%) Banking
3 59 (36.42%) Finance
4 45 (27.78%) Investment Banking
5 4 (2.47%) Back Office
6 3 (1.85%) Prime Brokerage
7 2 (1.23%) Financial Institution
8 1 (0.62%) Advertising
8 1 (0.62%) French Language
8 1 (0.62%) Law
8 1 (0.62%) Legal
8 1 (0.62%) Pharmaceutical
8 1 (0.62%) Retail
8 1 (0.62%) Telecoms
Job Titles
1 99 (61.11%) Developer
2 42 (25.93%) Java Developer
3 32 (19.75%) Analyst
4 31 (19.14%) C++ Developer
5 28 (17.28%) Electronic Trading Developer
6 19 (11.73%) Business Analyst
7 17 (10.49%) C# Developer
7 17 (10.49%) Support Analyst
8 15 (9.26%) Low Latency C++ Developer
9 14 (8.64%) Electronic Trading Java Developer
10 13 (8.02%) Java Swing Developer
11 11 (6.79%) Electronic Trading C++ Developer
12 10 (6.17%) C# Developer - Investment Banking
12 10 (6.17%) Silverlight Developer
13 9 (5.56%) C# WPF Developer
13 9 (5.56%) Senior Developer
13 9 (5.56%) WPF Developer
14 8 (4.94%) Applications Support
14 8 (4.94%) Project Manager
14 8 (4.94%) XAML Developer
Libraries, Frameworks & Software Standards
1 31 (19.14%) FIX Protocol
2 22 (13.58%) Boost C++ Libraries
2 22 (13.58%) STL
3 15 (9.26%) .NET
3 15 (9.26%) Middleware
4 13 (8.02%) HTML
4 13 (8.02%) Swing
5 12 (7.41%) HTML5
5 12 (7.41%) WPF
6 10 (6.17%) Reactive Extensions
6 10 (6.17%) Silverlight
7 5 (3.09%) Spring
7 5 (3.09%) XML
8 4 (2.47%) Hibernate
8 4 (2.47%) Java EE
8 4 (2.47%) Java SE
8 4 (2.47%) JMS
8 4 (2.47%) JNI
8 4 (2.47%) Murex Flex
8 4 (2.47%) XSLT
Miscellaneous
1 87 (53.70%) Foreign Exchange (FX)
2 42 (25.93%) Equities
3 22 (13.58%) Algorithms
3 22 (13.58%) Fixed Income
4 20 (12.35%) Analytical Skills
5 15 (9.26%) Fintech
6 12 (7.41%) Derivative
7 11 (6.79%) Virtual Team
8 10 (6.17%) TWAP
8 10 (6.17%) VWAP
9 8 (4.94%) Enterprise Software
10 6 (3.70%) Computer Science
11 5 (3.09%) SCADA
12 4 (2.47%) Hedge funds
12 4 (2.47%) N-Tier
12 4 (2.47%) Wiki
13 3 (1.85%) Greenfield Project
14 2 (1.23%) Data Centre
14 2 (1.23%) Data Structures
14 2 (1.23%) Equity Derivative
Operating Systems
1 36 (22.22%) Unix
2 35 (21.60%) Linux
3 15 (9.26%) Windows
4 3 (1.85%) Red Hat Enterprise Linux
5 1 (0.62%) Solaris
Processes & Methodologies
1 104 (64.20%) Electronic Trading
2 80 (49.38%) Low Latency
3 72 (44.44%) Multithreading
4 22 (13.58%) Risk Management
5 18 (11.11%) Agile Software Development
6 15 (9.26%) Data Management
6 15 (9.26%) Problem Management
7 14 (8.64%) Analytics
7 14 (8.64%) Market Making
7 14 (8.64%) Migration
7 14 (8.64%) Scrum
8 13 (8.02%) TDD
9 12 (7.41%) Continuous Integration
9 12 (7.41%) E-Commerce
9 12 (7.41%) Incident Management
9 12 (7.41%) Software Engineering
10 11 (6.79%) Economics
10 11 (6.79%) Mathematics
10 11 (6.79%) Project Management
10 11 (6.79%) Test Automation
Programming Languages
1 56 (34.57%) SQL
2 55 (33.95%) Java
3 48 (29.63%) C++
4 33 (20.37%) C#
5 26 (16.05%) Python
6 12 (7.41%) JavaScript
7 10 (6.17%) XAML
8 8 (4.94%) PL/SQL
9 7 (4.32%) Perl
10 3 (1.85%) Bash Shell
11 2 (1.23%) Scala
11 2 (1.23%) Shell Script
12 1 (0.62%) C
12 1 (0.62%) PHP
12 1 (0.62%) T-SQL
Qualifications
1 6 (3.70%) Degree
2 2 (1.23%) CCNP
2 2 (1.23%) Cisco Certification
2 2 (1.23%) PhD
3 1 (0.62%) CCIE
3 1 (0.62%) Computer Science Degree
3 1 (0.62%) Numerate Degree
3 1 (0.62%) PMI Certification
3 1 (0.62%) PMP
Quality Assurance & Compliance
1 32 (19.75%) MiFID
2 8 (4.94%) QA
3 2 (1.23%) EMIR
4 1 (0.62%) PMO
System Software
1 1 (0.62%) Docker
Systems Management
1 3 (1.85%) Cacti
1 3 (1.85%) Cisco Prime
2 1 (0.62%) CA Spectrum
2 1 (0.62%) Opscode Chef
Vendors
1 18 (11.11%) ION Trading
2 14 (8.64%) Oracle
3 12 (7.41%) Microsoft
3 12 (7.41%) Sun
4 11 (6.79%) Fidessa
4 11 (6.79%) Solace
5 9 (5.56%) Bloomberg
6 8 (4.94%) Cognizant
6 8 (4.94%) TIBCO
7 6 (3.70%) Reuters
8 5 (3.09%) Sybase
9 4 (2.47%) Adobe
9 4 (2.47%) Murex
10 3 (1.85%) CheckPoint
10 3 (1.85%) Cisco
10 3 (1.85%) Citrix
10 3 (1.85%) Fortinet
10 3 (1.85%) NetScout
10 3 (1.85%) Red Hat
11 2 (1.23%) FXall
London
Hays London City Cheapside
Posted: 10 hours ago
London
TEKsystems
Rate: £500 - £600 per day
Posted: Yesterday
City, London
Source Technology
Rate: From £700 to £800 per day
Posted: 3 days ago
City, London
Exclusive Recruitment
Rate: From £55,000 to £85,000 per annum
Posted: 2 days ago
London
Cititec
Rate: £800 - £850 per day
Posted: 6 days ago
London
Cititec
Rate: £700 - £850 per day
Posted: 6 days ago
London
McGregor Boyall
Rate: £450 - £550 per day
Posted: 2 days ago
London
Real Staffing
Rate: competitive
Posted: 3 days ago
City of London
Huxley
Rate: £550 - £700 per day + competitive
Posted: 7 days ago