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 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
UK
3 months to
25 Jun 2017
Same period 2016 Same period 2015
Rank 483 589 515
Rank change year-on-year +106 -74  
Contract jobs citing Algorithmic Trading 104 63 121
As % of all contract IT jobs advertised in the UK 0.22% 0.12% 0.22%
As % of the Processes & Methodologies category 0.27% 0.14% 0.27%
Number of daily rates quoted 90 56 92
Median daily rate £600 £650 £663
Median daily rate % change year-on-year -7.69% -1.88%  
90% offered a daily rate of more than £465 £588 £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 with a requirement for process and methodology skills.

Contract Process & Methodology Skills
UK
Contract job vacancies with a requirement for process and methodology skills 39103 44215 45229
As % of all contract IT job vacancies advertised in the UK 84.49% 83.33% 80.71%
Number of daily rates quoted 25496 29340 29026
Median daily rate £450 £438 £413
Median daily rate % change year-on-year +2.85% +6.06%  
90% offered a daily rate of more than £313 £300 £285
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £415 £400 £380
% change year-on-year +3.75% +5.26%  
Number of hourly rates quoted 1041 1070 1262
Median hourly rate £32.50 £27.50 £27.50
Median hourly rate % change year-on-year +18.18% -  
90% offered a hourly rate of more than £13.00 £12.58 £12.35
10% offered a hourly rate of more than £53.00 £48.70 £50.00
UK excluding London median hourly rate £34.00 £28.50 £30.00
% change year-on-year +19.29% -5.00%  

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 June 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 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
England +88 104 £600 -7.69% 44
London +47 104 £600 -7.69% 44
City of London +12 24 £625 -10.71% 15
Docklands, London - 3 £650 -
Canary Wharf - 2 £625 -
Westminster - 1 £400 -

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

1 106 (63.86%) Electronic Trading
2 88 (53.01%) Foreign Exchange (FX)
3 83 (50.00%) Front Office
4 82 (49.40%) Low Latency
5 73 (43.98%) Multithreading
6 68 (40.96%) Banking
7 62 (37.35%) Finance
8 57 (34.34%) Java
9 56 (33.73%) SQL
10 50 (30.12%) C++
11 45 (27.11%) Equities
11 45 (27.11%) Investment Banking
12 40 (24.10%) Unix
13 39 (23.49%) Linux
14 34 (20.48%) MiFID
15 33 (19.88%) C#
16 32 (19.28%) FIX Protocol
17 27 (16.27%) KDB
18 26 (15.66%) Python
19 24 (14.46%) Risk Management
20 23 (13.86%) Fixed Income
20 23 (13.86%) STL
20 23 (13.86%) Boost C++ Libraries
20 23 (13.86%) Algorithms
21 21 (12.65%) Analytical Skills
22 18 (10.84%) ION Trading
22 18 (10.84%) Agile Software Development
23 17 (10.24%) Kdb+
24 15 (9.04%) Fintech
24 15 (9.04%) Windows

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 5 (3.01%) MQSeries
2 4 (2.41%) WebLogic
2 4 (2.41%) WebSphere
3 3 (1.81%) Confluence
4 1 (0.60%) MTS
4 1 (0.60%) Oracle Coherence
Applications
1 1 (0.60%) Microsoft Office
1 1 (0.60%) Microsoft Project
Business Applications
1 8 (4.82%) ION MarketView
2 4 (2.41%) Murex MxG2000
3 2 (1.20%) RMDS
Communications & Networking
1 6 (3.61%) Firewall
2 5 (3.01%) FIX Connectivity
3 4 (2.41%) Multicast
4 3 (1.81%) BGP
4 3 (1.81%) Cisco Nexus
4 3 (1.81%) DMZ
4 3 (1.81%) EIGRP
4 3 (1.81%) NetScaler
4 3 (1.81%) OSPF
4 3 (1.81%) VLAN
4 3 (1.81%) VoIP
4 3 (1.81%) Wi-Fi
5 1 (0.60%) TCP/IP
Database & Business Intelligence
1 27 (16.27%) KDB
2 17 (10.24%) Kdb+
3 11 (6.63%) Tick Data
4 10 (6.02%) Relational Database
5 4 (2.41%) Apache Cassandra
5 4 (2.41%) SQL Server
6 1 (0.60%) Big Data
Development Applications
1 12 (7.23%) NUnit
2 4 (2.41%) Git (software)
3 3 (1.81%) JIRA
3 3 (1.81%) Subversion
4 2 (1.20%) Eclipse
4 2 (1.20%) IntelliJ
4 2 (1.20%) Sonatype Nexus
5 1 (0.60%) Cucumber
5 1 (0.60%) FitNesse
5 1 (0.60%) Jenkins
5 1 (0.60%) Moq
5 1 (0.60%) Team Foundation Server
5 1 (0.60%) Visual Studio
General
1 83 (50.00%) Front Office
2 68 (40.96%) Banking
3 62 (37.35%) Finance
4 45 (27.11%) Investment Banking
5 4 (2.41%) Back Office
6 3 (1.81%) Prime Brokerage
7 2 (1.20%) Financial Institution
8 1 (0.60%) Advertising
8 1 (0.60%) French Language
8 1 (0.60%) Law
8 1 (0.60%) Legal
8 1 (0.60%) Pharmaceutical
8 1 (0.60%) Retail
8 1 (0.60%) Telecoms
Job Titles
1 103 (62.05%) Developer
2 44 (26.51%) Java Developer
3 32 (19.28%) Analyst
3 32 (19.28%) C++ Developer
4 29 (17.47%) Electronic Trading Developer
5 19 (11.45%) Business Analyst
6 17 (10.24%) C# Developer
6 17 (10.24%) Support Analyst
7 15 (9.04%) Low Latency C++ Developer
8 14 (8.43%) Electronic Trading Java Developer
9 13 (7.83%) Java Swing Developer
10 11 (6.63%) Electronic Trading C++ Developer
10 11 (6.63%) Senior Developer
11 10 (6.02%) C# Developer - Investment Banking
11 10 (6.02%) Silverlight Developer
12 9 (5.42%) C# WPF Developer
12 9 (5.42%) WPF Developer
13 8 (4.82%) Applications Support
13 8 (4.82%) MiFID Business Analyst
13 8 (4.82%) XAML Developer
Libraries, Frameworks & Software Standards
1 32 (19.28%) FIX Protocol
2 23 (13.86%) Boost C++ Libraries
2 23 (13.86%) STL
3 15 (9.04%) .NET
3 15 (9.04%) Middleware
4 13 (7.83%) HTML
4 13 (7.83%) Swing
5 12 (7.23%) HTML5
5 12 (7.23%) WPF
6 10 (6.02%) Reactive Extensions
6 10 (6.02%) Silverlight
7 5 (3.01%) Spring
7 5 (3.01%) XML
8 4 (2.41%) Hibernate
8 4 (2.41%) Java EE
8 4 (2.41%) Java SE
8 4 (2.41%) JMS
8 4 (2.41%) JNI
8 4 (2.41%) Murex Flex
8 4 (2.41%) XSLT
Miscellaneous
1 88 (53.01%) Foreign Exchange (FX)
2 45 (27.11%) Equities
3 23 (13.86%) Algorithms
3 23 (13.86%) Fixed Income
4 21 (12.65%) Analytical Skills
5 15 (9.04%) Fintech
6 12 (7.23%) Derivative
7 11 (6.63%) Virtual Team
8 10 (6.02%) TWAP
8 10 (6.02%) VWAP
9 8 (4.82%) Enterprise Software
10 6 (3.61%) Computer Science
11 5 (3.01%) SCADA
12 4 (2.41%) Hedge funds
12 4 (2.41%) N-Tier
12 4 (2.41%) Wiki
13 3 (1.81%) Greenfield Project
14 2 (1.20%) Data Centre
14 2 (1.20%) Data Structures
14 2 (1.20%) Equity Derivative
Operating Systems
1 40 (24.10%) Unix
2 39 (23.49%) Linux
3 15 (9.04%) Windows
4 3 (1.81%) Red Hat Enterprise Linux
5 1 (0.60%) Solaris
Processes & Methodologies
1 106 (63.86%) Electronic Trading
2 82 (49.40%) Low Latency
3 73 (43.98%) Multithreading
4 24 (14.46%) Risk Management
5 18 (10.84%) Agile Software Development
6 15 (9.04%) Data Management
6 15 (9.04%) Problem Management
7 14 (8.43%) Analytics
7 14 (8.43%) Market Making
7 14 (8.43%) Migration
7 14 (8.43%) Scrum
8 13 (7.83%) TDD
9 12 (7.23%) Continuous Integration
9 12 (7.23%) E-Commerce
9 12 (7.23%) Incident Management
9 12 (7.23%) Software Engineering
10 11 (6.63%) Economics
10 11 (6.63%) Mathematics
10 11 (6.63%) Project Management
10 11 (6.63%) Test Automation
Programming Languages
1 57 (34.34%) Java
2 56 (33.73%) SQL
3 50 (30.12%) C++
4 33 (19.88%) C#
5 26 (15.66%) Python
6 12 (7.23%) JavaScript
7 10 (6.02%) XAML
8 8 (4.82%) PL/SQL
9 7 (4.22%) Perl
10 3 (1.81%) Bash Shell
11 2 (1.20%) C
11 2 (1.20%) Scala
11 2 (1.20%) Shell Script
12 1 (0.60%) PHP
12 1 (0.60%) T-SQL
Qualifications
1 6 (3.61%) Degree
2 2 (1.20%) CCNP
2 2 (1.20%) Cisco Certification
2 2 (1.20%) PhD
3 1 (0.60%) CCIE
3 1 (0.60%) Computer Science Degree
3 1 (0.60%) Numerate Degree
3 1 (0.60%) PMI Certification
3 1 (0.60%) PMP
Quality Assurance & Compliance
1 34 (20.48%) MiFID
2 8 (4.82%) QA
3 2 (1.20%) EMIR
4 1 (0.60%) PMO
System Software
1 1 (0.60%) Docker
Systems Management
1 3 (1.81%) Cacti
1 3 (1.81%) Cisco Prime
2 1 (0.60%) CA Spectrum
2 1 (0.60%) Opscode Chef
Vendors
1 18 (10.84%) ION Trading
2 14 (8.43%) Oracle
3 12 (7.23%) Microsoft
3 12 (7.23%) Sun
4 11 (6.63%) Fidessa
4 11 (6.63%) Solace
5 9 (5.42%) Bloomberg
6 8 (4.82%) Cognizant
6 8 (4.82%) TIBCO
7 6 (3.61%) Reuters
8 5 (3.01%) Sybase
9 4 (2.41%) Adobe
9 4 (2.41%) Murex
10 3 (1.81%) CheckPoint
10 3 (1.81%) Cisco
10 3 (1.81%) Citrix
10 3 (1.81%) Fortinet
10 3 (1.81%) NetScout
10 3 (1.81%) Red Hat
11 2 (1.20%) FXall
London
TEKsystems
Rate: £500 - £600 per day
Posted: 3 days ago
London
Hays London City Cheapside
Posted: 2 days ago
City, London
Source Technology
Rate: From £700 to £800 per day
Posted: 5 days ago
City, London
Exclusive Recruitment
Rate: From £55,000 to £85,000 per annum
Posted: 4 days ago
London
Real Staffing
Rate: competitive
Posted: 5 days ago
London
McGregor Boyall
Rate: £450 - £550 per day
Posted: 4 days ago