The following table provides summary statistics for contract job vacancies 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 25 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
25 Mar 2017
Same period 2016 Same period 2015
Algo Trading
UK
Rank 531 538 533
Rank change year-on-year +7 -5  
Contract jobs citing Algorithmic Trading 62 106 91
As % of all contract IT jobs advertised in the UK 0.14% 0.20% 0.17%
As % of the Processes & Methodologies category 0.16% 0.24% 0.22%
Number of daily rates quoted 49 85 74
Median daily rate £625 £600 £625
Median daily rate % change year-on-year +4.16% -4.00%  
90% offered a daily rate of more than £443 £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 with a requirement for process and methodology skills.

Contract Process & Methodology Skills
UK
Contract job vacancies with a requirement for process and methodology skills 37646 44098 42190
As % of all contract IT job vacancies advertised in the UK 83.11% 82.88% 79.77%
Number of daily rates quoted 24821 28901 26121
Median daily rate £450 £425 £420
Median daily rate % change year-on-year +5.88% +1.19%  
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £410 £400 £400
% change year-on-year +2.50% +0.06%  
Number of hourly rates quoted 953 1111 1212
Median hourly rate £35.00 £37.50 £27.85
Median hourly rate % change year-on-year -6.66% +34.67%  
90% offered a hourly rate of more than £13.00 £13.00 £12.10
10% offered a hourly rate of more than £53.00 £55.00 £49.50
UK excluding London median hourly rate £36.00 £38.75 £30.00
% change year-on-year -7.09% +29.16%  

Algorithmic Trading
Job Vacancy Trend

The job posting trend of jobs advertised 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 the UK

Algorithmic Trading
Contractor Daily Rate Trend

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

Contractor daily rate trend for Algorithmic Trading in the UK

Algorithmic Trading
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Algorithmic Trading over the 3 months to 25 March 2017.

Contractor daily rate histogram for Algorithmic Trading in the UK

Algorithmic Trading
Top 6 Contract Locations

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 UK over the 3 months to 25 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
London -11 60 £650 +8.33% 45
England -15 60 £650 +8.33% 45
City of London -7 11 £550 -21.42% 8
County Antrim - 2 £414 -
Belfast - 2 £414 -
Northern Ireland - 2 £414 -

Algorithmic Trading
Top 30 Related IT Skills

For the 6 months to 25 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 with a requirement for Algorithmic Trading.

1 82 (58.57%) Low Latency
2 79 (56.43%) Electronic Trading
2 79 (56.43%) Foreign Exchange (FX)
3 78 (55.71%) Multithreading
4 76 (54.29%) Front Office
5 69 (49.29%) C++
6 66 (47.14%) Banking
7 63 (45.00%) Finance
8 49 (35.00%) SQL
9 47 (33.57%) Unix
10 46 (32.86%) STL
10 46 (32.86%) Boost C++ Libraries
11 42 (30.00%) Java
11 42 (30.00%) Linux
12 40 (28.57%) Risk Management
13 38 (27.14%) Algorithms
14 37 (26.43%) Investment Banking
15 32 (22.86%) MiFID
16 31 (22.14%) Agile Software Development
16 31 (22.14%) Equities
17 26 (18.57%) Fixed Income
18 25 (17.86%) E-Commerce
19 23 (16.43%) KDB
20 19 (13.57%) Multithreaded Programming
20 19 (13.57%) Analytical Skills
21 18 (12.86%) FIX Protocol
21 18 (12.86%) C#
22 16 (11.43%) Python
23 15 (10.71%) Middleware
23 15 (10.71%) Mathematics

Algorithmic Trading
Top Related IT Skills 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 (2.86%) WebLogic
1 4 (2.86%) WebSphere
2 3 (2.14%) Confluence
Applications
1 4 (2.86%) MS Excel
2 1 (0.71%) Doxygen
2 1 (0.71%) LaTeX
2 1 (0.71%) MS Project
Business Applications
1 4 (2.86%) ION MarketView
1 4 (2.86%) Murex MxG2000
2 1 (0.71%) RMDS
Communications & Networking
1 11 (7.86%) TCP/IP
2 4 (2.86%) Multicast
3 2 (1.43%) FIX Connectivity
4 1 (0.71%) DHCP
4 1 (0.71%) DNS
4 1 (0.71%) Ethernet
4 1 (0.71%) FTP
4 1 (0.71%) IGMP
4 1 (0.71%) InfiniBand
4 1 (0.71%) SSH
Database & Business Intelligence
1 23 (16.43%) KDB
2 10 (7.14%) Kdb+
3 8 (5.71%) Tick Data
4 4 (2.86%) Relational Database
5 1 (0.71%) Big Data
5 1 (0.71%) MongoDB
5 1 (0.71%) MySQL
5 1 (0.71%) PostgreSQL
5 1 (0.71%) SQL Server
5 1 (0.71%) SQL Server Integration Services
5 1 (0.71%) SQL Server Reporting Services
Development Applications
1 3 (2.14%) Git (software)
1 3 (2.14%) JIRA
1 3 (2.14%) NUnit
1 3 (2.14%) Subversion
2 2 (1.43%) Eclipse
2 2 (1.43%) IntelliJ
3 1 (0.71%) CasperJS
3 1 (0.71%) HP UFT
3 1 (0.71%) Selenium
General
1 76 (54.29%) Front Office
2 66 (47.14%) Banking
3 63 (45.00%) Finance
4 37 (26.43%) Investment Banking
5 4 (2.86%) Financial Institution
5 4 (2.86%) Prime Brokerage
6 2 (1.43%) Corporate Banking
7 1 (0.71%) Advertising
7 1 (0.71%) Back Office
7 1 (0.71%) Japanese Language
7 1 (0.71%) Legal
7 1 (0.71%) Retail
Job Titles
1 99 (70.71%) Developer
2 54 (38.57%) C++ Developer
3 29 (20.71%) Java Developer
4 23 (16.43%) Electronic Trading Developer
5 18 (12.86%) Low Latency C++ Developer
6 15 (10.71%) Analyst
6 15 (10.71%) Electronic Trading C++ Developer
7 13 (9.29%) Algorithmic Trading Developer
8 12 (8.57%) Business Analyst
9 9 (6.43%) MiFID Business Analyst
9 9 (6.43%) Senior Developer
10 7 (5.00%) Electronic Trading Java Developer
10 7 (5.00%) KDB Developer
10 7 (5.00%) Senior Java Developer
11 6 (4.29%) Investment Banking C++ Developer
11 6 (4.29%) Scala Developer
11 6 (4.29%) Support Analyst
11 6 (4.29%) Systems Administrator
12 5 (3.57%) Administrator
12 5 (3.57%) Project Manager
Libraries, Frameworks & Software Standards
1 46 (32.86%) Boost C++ Libraries
1 46 (32.86%) STL
2 18 (12.86%) FIX Protocol
3 15 (10.71%) Middleware
4 5 (3.57%) HTML
4 5 (3.57%) HTML5
4 5 (3.57%) Spring
5 4 (2.86%) .NET
5 4 (2.86%) Hibernate
5 4 (2.86%) Java EE
5 4 (2.86%) Java SE
5 4 (2.86%) JMS
5 4 (2.86%) JNI
5 4 (2.86%) Murex Flex
5 4 (2.86%) Spring Integration
5 4 (2.86%) XML
5 4 (2.86%) XSLT
6 3 (2.14%) Reactive Extensions
6 3 (2.14%) Silverlight
6 3 (2.14%) WPF
Miscellaneous
1 79 (56.43%) Foreign Exchange (FX)
2 38 (27.14%) Algorithms
3 31 (22.14%) Equities
4 26 (18.57%) Fixed Income
5 19 (13.57%) Analytical Skills
6 13 (9.29%) Fintech
6 13 (9.29%) N-Tier
7 11 (7.86%) Derivative
8 10 (7.14%) TWAP
8 10 (7.14%) VWAP
9 8 (5.71%) Computer Science
10 4 (2.86%) Enterprise Software
10 4 (2.86%) Management Information System
10 4 (2.86%) SCADA
10 4 (2.86%) Virtual Team
11 3 (2.14%) Wiki
12 2 (1.43%) Equity Derivative
12 2 (1.43%) Field-Programmable Gate Array
13 1 (0.71%) Credit Derivative
13 1 (0.71%) Hedge funds
Operating Systems
1 47 (33.57%) Unix
2 42 (30.00%) Linux
3 14 (10.00%) Solaris
4 8 (5.71%) Windows
5 1 (0.71%) Red Hat Enterprise Linux
5 1 (0.71%) SUSE Linux Enterprise Server
Processes & Methodologies
1 82 (58.57%) Low Latency
2 79 (56.43%) Electronic Trading
3 78 (55.71%) Multithreading
4 40 (28.57%) Risk Management
5 31 (22.14%) Agile Software Development
6 25 (17.86%) E-Commerce
7 19 (13.57%) Multithreaded Programming
8 15 (10.71%) High Availability
8 15 (10.71%) Market Making
8 15 (10.71%) Mathematics
9 12 (8.57%) Data Management
10 11 (7.86%) Analytics
10 11 (7.86%) High-Frequency Trading
10 11 (7.86%) Problem Management
11 9 (6.43%) Scrum
12 8 (5.71%) FX Algorithmic Trading
12 8 (5.71%) Incident Management
12 8 (5.71%) Migration
12 8 (5.71%) Project Management
12 8 (5.71%) TDD
Programming Languages
1 69 (49.29%) C++
2 49 (35.00%) SQL
3 42 (30.00%) Java
4 18 (12.86%) C#
5 16 (11.43%) Python
6 7 (5.00%) Scala
7 6 (4.29%) Bash Shell
8 5 (3.57%) JavaScript
9 4 (2.86%) Perl
9 4 (2.86%) PL/SQL
10 3 (2.14%) XAML
11 2 (1.43%) Shell Script
12 1 (0.71%) MATLAB
12 1 (0.71%) R
12 1 (0.71%) Tcl
Qualifications
1 8 (5.71%) Degree
2 1 (0.71%) PhD
2 1 (0.71%) PMI Certification
2 1 (0.71%) PMP
Quality Assurance & Compliance
1 32 (22.86%) MiFID
2 8 (5.71%) QA
3 1 (0.71%) PMO
3 1 (0.71%) SDET
System Software
1 1 (0.71%) NFS
Systems Management
1 3 (2.14%) ITRS Geneos
Vendors
1 15 (10.71%) Solace
2 12 (8.57%) Cognizant
3 9 (6.43%) Oracle
4 8 (5.71%) ION Trading
4 8 (5.71%) Sun
5 6 (4.29%) Bloomberg
5 6 (4.29%) Reuters
5 6 (4.29%) Sybase
6 5 (3.57%) Fidessa
7 4 (2.86%) Adobe
7 4 (2.86%) Microsoft
7 4 (2.86%) Murex
8 3 (2.14%) Talarian
8 3 (2.14%) TIBCO
9 1 (0.71%) FXall
9 1 (0.71%) HP
9 1 (0.71%) Portware
London
McGregor Boyall
Rate: £800 - £1000 per day
Posted: Yesterday
London
Cititec
Rate: £700 - £750 per day
Posted: Yesterday
South West London
JM
Rate: £300 - £500 per day
Posted: 4 days ago
London
AMS contingency
Posted: 23 days ago