Period
to 18 November 2017

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 6 months to 18 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
England > London
6 months to
18 Nov 2017
Same period 2016 Same period 2015
Rank 368 467 388
Rank change year-on-year +99 -79 -20
Contract jobs citing Algorithmic Trading 276 152 236
As % of all contract IT jobs advertised in London 0.59% 0.34% 0.50%
As % of the Processes & Methodologies category 0.68% 0.39% 0.60%
Number of daily rates quoted 226 128 193
London median daily rate £675 £625 £650
Median daily rate % change year-on-year +8.00% -3.85% -
10th Percentile £500 £500 £453
90th Percentile £863 £750 £775
England median daily rate £675 £625 £650
% change year-on-year +8.00% -3.85% -
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England 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 London with a requirement for process or methodology skills.

All Process and Methodology Skills
London
Contract vacancies with a requirement for process or methodology skills 40487 39001 39528
As % of all contract IT jobs advertised in London 86.99% 86.22% 83.82%
Number of daily rates quoted 29443 28001 28255
London median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.56% +2.86%
10th Percentile £313 £305 £288
90th Percentile £670 £644 £638
England median daily rate £450 £425 £420
% change year-on-year +5.88% +1.19% +5.00%
Number of hourly rates quoted 376 404 472
London median hourly rate £22.50 £21.89 £20.00
Median hourly rate % change year-on-year +2.79% +9.45% +11.11%
10th Percentile £13.31 £12.25 £11.25
90th Percentile £52.25 £50.09 £50.00
England median hourly rate £24.00 £24.41 £22.50
% change year-on-year -1.68% +8.49% +18.42%

Algorithmic Trading
Job Vacancy Trend in London

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

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 6 months to 18 November 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 6 months to 18 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
Central London +45 66 £675 +12.50% 9
East London 0 7 £625 -7.41%
Algorithmic Trading
England

For the 6 months to 18 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 London region with a requirement for Algorithmic Trading.

1 188 (68.12%) Front Office
2 173 (62.68%) Foreign Exchange (FX)
3 159 (57.61%) Low Latency
4 143 (51.81%) Electronic Trading
5 123 (44.57%) Java
6 117 (42.39%) Multithreading
7 79 (28.62%) Banking
8 71 (25.72%) Finance
8 71 (25.72%) Market Making
9 66 (23.91%) C++
9 66 (23.91%) SQL
10 64 (23.19%) Unix
10 64 (23.19%) Linux
11 63 (22.83%) FIX Protocol
12 57 (20.65%) Equities
13 55 (19.93%) Python
14 51 (18.48%) FX Algorithmic Trading
15 48 (17.39%) C#
16 44 (15.94%) Investment Banking
17 41 (14.86%) Multithreaded Programming
18 40 (14.49%) Analytical Skills
19 30 (10.87%) SQL Server
19 30 (10.87%) Degree
19 30 (10.87%) WPF
19 30 (10.87%) Algorithms
19 30 (10.87%) Currenex
20 29 (10.51%) Reuters
21 28 (10.14%) TIBCO
22 27 (9.78%) PhD
22 27 (9.78%) Agile Software Development

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 9 (3.26%) MQSeries
2 2 (0.72%) Apache Spark
3 1 (0.36%) Confluence
3 1 (0.36%) Oracle Coherence
Applications
1 1 (0.36%) Microsoft Office
Business Applications
1 18 (6.52%) RMDS
2 7 (2.54%) ION MarketView
3 1 (0.36%) Bloomberg TOMS
Cloud Services
1 4 (1.45%) GitHub
Communications & Networking
1 14 (5.07%) TCP/IP
2 9 (3.26%) FIX Connectivity
3 4 (1.45%) 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 (10.87%) SQL Server
2 23 (8.33%) KDB
3 7 (2.54%) Kdb+
4 5 (1.81%) 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 (2.90%) Git (software)
2 5 (1.81%) NUnit
2 5 (1.81%) TeamCity
3 3 (1.09%) JIRA
3 3 (1.09%) Maven
3 3 (1.09%) NuGet
4 2 (0.72%) Cucumber
4 2 (0.72%) FitNesse
4 2 (0.72%) 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
1 188 (68.12%) Front Office
2 79 (28.62%) Banking
3 71 (25.72%) Finance
4 44 (15.94%) Investment Banking
5 11 (3.99%) Financial Institution
6 6 (2.17%) Back Office
7 2 (0.72%) 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 (69.57%) Developer
2 99 (35.87%) Java Developer
3 53 (19.20%) Electronic Trading Developer
4 43 (15.58%) C# Developer
5 40 (14.49%) Algorithmic Trading Developer
5 40 (14.49%) Analyst
6 36 (13.04%) Electronic Trading Java Developer
7 35 (12.68%) C++ Developer
8 32 (11.59%) Senior Developer
9 30 (10.87%) Front Office Developer
10 27 (9.78%) Senior Java Developer
11 24 (8.70%) Java Developer - Algorithmic Trading
12 22 (7.97%) Support Analyst
13 15 (5.43%) Low Latency C++ Developer
14 14 (5.07%) Business Analyst
15 13 (4.71%) Low Latency Java Developer
16 12 (4.35%) Electronic Trading C++ Developer
17 11 (3.99%) Electronic Trading Support
18 10 (3.62%) Applications Support
18 10 (3.62%) SQL Developer
Libraries, Frameworks & Software Standards
1 63 (22.83%) FIX Protocol
2 30 (10.87%) WPF
3 16 (5.80%) Boost C++ Libraries
3 16 (5.80%) STL
4 15 (5.43%) Rendezvous
5 14 (5.07%) Middleware
5 14 (5.07%) WinForms
6 9 (3.26%) .NET
7 8 (2.90%) HTML
7 8 (2.90%) HTML5
8 7 (2.54%) Swing
9 5 (1.81%) Reactive Extensions
9 5 (1.81%) WCF
10 4 (1.45%) Silverlight
10 4 (1.45%) Spring
11 3 (1.09%) AngularJS
11 3 (1.09%) Kafka
11 3 (1.09%) RabbitMQ
12 2 (0.72%) Akka
12 2 (0.72%) Node.js
Miscellaneous
1 173 (62.68%) Foreign Exchange (FX)
2 57 (20.65%) Equities
3 40 (14.49%) Analytical Skills
4 30 (10.87%) Algorithms
5 21 (7.61%) Data Structures
6 20 (7.25%) Fixed Income
7 17 (6.16%) Computer Science
7 17 (6.16%) Derivative
8 15 (5.43%) Hedge funds
9 5 (1.81%) Equity Derivative
10 4 (1.45%) Enterprise Software
10 4 (1.45%) Virtual Team
11 3 (1.09%) Data Centre
11 3 (1.09%) Fintech
11 3 (1.09%) TWAP
11 3 (1.09%) VWAP
12 1 (0.36%) EFT
12 1 (0.36%) Market Risk
12 1 (0.36%) N-Tier
12 1 (0.36%) SCADA
Operating Systems
1 64 (23.19%) Linux
1 64 (23.19%) Unix
2 26 (9.42%) Windows
3 1 (0.36%) Red Hat Enterprise Linux
Processes & Methodologies
1 159 (57.61%) Low Latency
2 143 (51.81%) Electronic Trading
3 117 (42.39%) Multithreading
4 71 (25.72%) Market Making
5 51 (18.48%) FX Algorithmic Trading
6 41 (14.86%) Multithreaded Programming
7 27 (9.78%) Agile Software Development
8 25 (9.06%) Performance Optimisation
9 22 (7.97%) Risk Management
10 19 (6.88%) Performance Tuning
11 17 (6.16%) Analytics
11 17 (6.16%) Mathematics
12 16 (5.80%) TDD
13 15 (5.43%) Ultra-Low Latency
14 13 (4.71%) Concurrent Programming
15 11 (3.99%) E-Commerce
15 11 (3.99%) High-Frequency Trading
16 10 (3.62%) Continuous Integration
17 9 (3.26%) Migration
17 9 (3.26%) Performance Testing
Programming Languages
1 123 (44.57%) Java
2 66 (23.91%) C++
2 66 (23.91%) SQL
3 55 (19.93%) Python
4 48 (17.39%) C#
5 17 (6.16%) Perl
6 16 (5.80%) JavaScript
7 6 (2.17%) Bash Shell
8 4 (1.45%) XAML
9 3 (1.09%) PL/SQL
9 3 (1.09%) PowerShell
10 2 (0.72%) Korn
10 2 (0.72%) Scala
10 2 (0.72%) 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 (10.87%) Degree
2 27 (9.78%) PhD
3 9 (3.26%) Computer Science Degree
4 3 (1.09%) Numerate Degree
5 2 (0.72%) CCNP
5 2 (0.72%) Cisco Certification
6 1 (0.36%) CCIE
6 1 (0.36%) PRINCE2 Certification
Quality Assurance & Compliance
1 23 (8.33%) MiFID
2 6 (2.17%) EMIR
3 4 (1.45%) 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 (10.87%) Currenex
2 29 (10.51%) Reuters
3 28 (10.14%) TIBCO
4 22 (7.97%) Oracle
5 15 (5.43%) FXall
6 14 (5.07%) ION Trading
7 12 (4.35%) Microsoft
8 9 (3.26%) Sun
9 4 (1.45%) 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%) Fidessa
10 3 (1.09%) Fortinet
10 3 (1.09%) Infragistics
10 3 (1.09%) NetScout
11 2 (0.72%) Solace
12 1 (0.36%) Arista
12 1 (0.36%) StreamBase