Period
to 17 November 2017

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 6 months to 17 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
UK
6 months to
17 Nov 2017
Same period 2016 Same period 2015
Rank 604 743 651
Rank change year-on-year +139 -92 -28
Contract jobs citing Algorithmic Trading 278 151 244
As % of all contract IT jobs advertised in the UK 0.27% 0.14% 0.21%
As % of the Processes & Methodologies category 0.32% 0.17% 0.26%
Number of daily rates quoted 228 127 195
UK median daily rate £675 £625 £650
Median daily rate % change year-on-year +8.00% -3.85% -
10th Percentile £500 £500 £450
90th Percentile £863 £750 £775
UK excluding London median daily rate - - £425
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London 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 with a requirement for process or methodology skills.

All Process and Methodology Skills
UK
Contract vacancies with a requirement for process or methodology skills 86890 88941 94016
As % of all contract IT jobs advertised in the UK 84.52% 83.93% 81.79%
Number of daily rates quoted 57867 58786 60918
UK median daily rate £450 £425 £413
Median daily rate % change year-on-year +5.88% +3.03% +3.13%
10th Percentile £281 £263 £263
90th Percentile £626 £600 £600
UK excluding London median daily rate £400 £400 £385
% change year-on-year - +3.90% +2.67%
Number of hourly rates quoted 2052 2351 2749
UK median hourly rate £23.75 £24.00 £22.50
Median hourly rate % change year-on-year -1.04% +6.67% +18.42%
10th Percentile £11.43 £11.25 £11.50
90th Percentile £49.75 £48.75 £47.71
UK excluding London median hourly rate £24.02 £24.37 £23.35
% change year-on-year -1.42% +4.35% +16.75%

Algorithmic Trading
Job Vacancy Trend

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

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 6 months to 17 November 2017.

Contractor daily rate histogram for Algorithmic Trading in the UK

Algorithmic Trading
Top 2 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 6 months to 17 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
England +137 278 £675 +8.00% 22
London +105 278 £675 +8.00% 22

For the 6 months to 17 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 with a requirement for Algorithmic Trading.

1 190 (68.35%) Front Office
2 173 (62.23%) Foreign Exchange (FX)
3 159 (57.19%) Low Latency
4 145 (52.16%) Electronic Trading
5 123 (44.24%) Java
6 118 (42.45%) Multithreading
7 80 (28.78%) Banking
8 72 (25.90%) Finance
9 71 (25.54%) Market Making
10 66 (23.74%) C++
10 66 (23.74%) SQL
11 64 (23.02%) Unix
11 64 (23.02%) Linux
12 63 (22.66%) FIX Protocol
13 57 (20.50%) Equities
14 56 (20.14%) Python
15 51 (18.35%) FX Algorithmic Trading
16 49 (17.63%) C#
17 45 (16.19%) Investment Banking
18 41 (14.75%) Multithreaded Programming
19 40 (14.39%) Analytical Skills
20 30 (10.79%) SQL Server
20 30 (10.79%) Degree
20 30 (10.79%) WPF
20 30 (10.79%) Algorithms
20 30 (10.79%) Currenex
21 29 (10.43%) Reuters
22 28 (10.07%) TIBCO
23 27 (9.71%) PhD
23 27 (9.71%) Agile Software Development

Algorithmic Trading
Co-occurring 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 9 (3.24%) 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 (6.47%) RMDS
2 7 (2.52%) ION MarketView
3 1 (0.36%) Bloomberg TOMS
Cloud Services
1 4 (1.44%) GitHub
Communications & Networking
1 14 (5.04%) TCP/IP
2 9 (3.24%) FIX Connectivity
3 4 (1.44%) Firewall
4 3 (1.08%) BGP
4 3 (1.08%) Cisco Nexus
4 3 (1.08%) DMZ
4 3 (1.08%) EIGRP
4 3 (1.08%) Multicast
4 3 (1.08%) NetScaler
4 3 (1.08%) OSPF
4 3 (1.08%) VLAN
4 3 (1.08%) VoIP
4 3 (1.08%) Wi-Fi
5 1 (0.36%) Intranet
Database & Business Intelligence
1 30 (10.79%) SQL Server
2 23 (8.27%) KDB
3 7 (2.52%) Kdb+
4 5 (1.80%) Relational Database
5 3 (1.08%) Apache Cassandra
5 3 (1.08%) Big Data
5 3 (1.08%) NoSQL
5 3 (1.08%) Redis
5 3 (1.08%) Tick Data
Development Applications
1 8 (2.88%) Git (software)
2 5 (1.80%) NUnit
2 5 (1.80%) TeamCity
3 3 (1.08%) JIRA
3 3 (1.08%) Maven
3 3 (1.08%) 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
1 190 (68.35%) Front Office
2 80 (28.78%) Banking
3 72 (25.90%) Finance
4 45 (16.19%) Investment Banking
5 11 (3.96%) Financial Institution
6 6 (2.16%) 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
1 193 (69.42%) Developer
2 99 (35.61%) Java Developer
3 53 (19.06%) Electronic Trading Developer
4 44 (15.83%) C# Developer
5 41 (14.75%) Algorithmic Trading Developer
6 40 (14.39%) Analyst
7 36 (12.95%) Electronic Trading Java Developer
8 35 (12.59%) C++ Developer
9 33 (11.87%) Senior Developer
10 30 (10.79%) Front Office Developer
11 27 (9.71%) Senior Java Developer
12 24 (8.63%) Java Developer - Algorithmic Trading
13 22 (7.91%) Support Analyst
14 15 (5.40%) Low Latency C++ Developer
15 14 (5.04%) Business Analyst
16 13 (4.68%) Low Latency Java Developer
17 12 (4.32%) Electronic Trading C++ Developer
17 12 (4.32%) Electronic Trading Support
18 11 (3.96%) Applications Support
19 10 (3.60%) SQL Developer
Libraries, Frameworks & Software Standards
1 63 (22.66%) FIX Protocol
2 30 (10.79%) WPF
3 16 (5.76%) Boost C++ Libraries
3 16 (5.76%) STL
4 15 (5.40%) Rendezvous
5 14 (5.04%) Middleware
5 14 (5.04%) WinForms
6 10 (3.60%) .NET
7 8 (2.88%) HTML
7 8 (2.88%) HTML5
8 7 (2.52%) Swing
9 5 (1.80%) Reactive Extensions
9 5 (1.80%) WCF
10 4 (1.44%) Silverlight
10 4 (1.44%) Spring
11 3 (1.08%) AngularJS
11 3 (1.08%) Kafka
11 3 (1.08%) RabbitMQ
12 2 (0.72%) Akka
12 2 (0.72%) Play Framework
Miscellaneous
1 173 (62.23%) Foreign Exchange (FX)
2 57 (20.50%) Equities
3 40 (14.39%) Analytical Skills
4 30 (10.79%) Algorithms
5 21 (7.55%) Data Structures
6 20 (7.19%) Fixed Income
7 17 (6.12%) Computer Science
7 17 (6.12%) Derivative
8 15 (5.40%) Hedge funds
9 5 (1.80%) Equity Derivative
10 4 (1.44%) Enterprise Software
10 4 (1.44%) Fintech
10 4 (1.44%) Virtual Team
11 3 (1.08%) Data Centre
11 3 (1.08%) TWAP
11 3 (1.08%) VWAP
12 1 (0.36%) EFT
12 1 (0.36%) Market Risk
12 1 (0.36%) SCADA
12 1 (0.36%) Wiki
Operating Systems
1 64 (23.02%) Linux
1 64 (23.02%) Unix
2 26 (9.35%) Windows
3 1 (0.36%) Red Hat Enterprise Linux
Processes & Methodologies
1 159 (57.19%) Low Latency
2 145 (52.16%) Electronic Trading
3 118 (42.45%) Multithreading
4 71 (25.54%) Market Making
5 51 (18.35%) FX Algorithmic Trading
6 41 (14.75%) Multithreaded Programming
7 27 (9.71%) Agile Software Development
8 25 (8.99%) Performance Optimisation
9 22 (7.91%) Risk Management
10 19 (6.83%) Performance Tuning
11 18 (6.47%) Mathematics
12 17 (6.12%) Analytics
13 16 (5.76%) TDD
14 15 (5.40%) Ultra-Low Latency
15 13 (4.68%) Concurrent Programming
16 11 (3.96%) E-Commerce
16 11 (3.96%) High-Frequency Trading
17 10 (3.60%) Continuous Integration
18 9 (3.24%) Migration
18 9 (3.24%) Performance Testing
Programming Languages
1 123 (44.24%) Java
2 66 (23.74%) C++
2 66 (23.74%) SQL
3 56 (20.14%) Python
4 49 (17.63%) C#
5 17 (6.12%) Perl
6 16 (5.76%) JavaScript
7 6 (2.16%) Bash Shell
8 4 (1.44%) XAML
9 3 (1.08%) PL/SQL
9 3 (1.08%) 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 (10.79%) Degree
2 27 (9.71%) PhD
3 9 (3.24%) Computer Science Degree
4 3 (1.08%) 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 (8.27%) MiFID
2 6 (2.16%) EMIR
3 4 (1.44%) QA
System Software
1 1 (0.36%) Docker
1 1 (0.36%) Virtual Machines
Systems Management
1 3 (1.08%) Cacti
1 3 (1.08%) Cisco Prime
2 1 (0.36%) CA Spectrum
2 1 (0.36%) HP Quality Center
2 1 (0.36%) Opscode Chef
Vendors
1 30 (10.79%) Currenex
2 29 (10.43%) Reuters
3 28 (10.07%) TIBCO
4 22 (7.91%) Oracle
5 15 (5.40%) FXall
5 15 (5.40%) ION Trading
6 12 (4.32%) Microsoft
7 10 (3.60%) Sun
8 4 (1.44%) Informatica
9 3 (1.08%) CheckPoint
9 3 (1.08%) Cisco
9 3 (1.08%) Citrix
9 3 (1.08%) DevExpress
9 3 (1.08%) Fidessa
9 3 (1.08%) Fortinet
9 3 (1.08%) Infragistics
9 3 (1.08%) NetScout
10 2 (0.72%) Solace
11 1 (0.36%) Arista
11 1 (0.36%) Bloomberg