Period
to 20 April 2021

The median contractor rate for a Java Developer - Algorithmic Trading was £775 per day in advertised job vacancies during the 6 months to 20 April 2021.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to 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.

Java Developer - Algo Trading
UK
6 months to
20 Apr 2021
Same period 2020 Same period 2019
Rank 641 667 876
Rank change year-on-year +26 +209 -4
Contract jobs requiring a Java Developer - Algorithmic Trading 5 12 8
As % of all contract jobs advertised in the UK 0.009% 0.021% 0.008%
As % of the Job Titles category 0.010% 0.022% 0.009%
Number of daily rates quoted 1 12 8
10th Percentile " £653 £680
25th Percentile £763 £675 £719
Median daily rate (50th Percentile) £775 £700 £750
Median % change year-on-year +10.71% -6.67% -
75th Percentile £788 £772 £775
90th Percentile " £800 £798
UK excluding London median daily rate - - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

All Contract IT Job Vacancies
UK
Contract vacancies in the UK with a recognized job title 49,685 53,854 90,609
% of contract IT jobs with a recognized job title 92.77% 93.78% 94.67%
Number of daily rates quoted 34,126 35,719 61,078
10th Percentile £280 £225 £273
25th Percentile £379 £363 £363
Median daily rate (50th Percentile) £475 £460 £465
Median % change year-on-year +3.26% -1.08% +3.33%
75th Percentile £575 £569 £569
90th Percentile £663 £650 £650
UK excluding London median daily rate £425 £425 £425
Number of hourly rates quoted 1,684 2,067 2,666
10th Percentile £11.36 £11.61 £11.00
25th Percentile £14.50 £14.00 £13.00
Median hourly rate £22.50 £18.90 £18.00
Median % change year-on-year +19.05% +5.00% +2.86%
75th Percentile £45.00 £38.75 £38.75
90th Percentile £57.85 £52.17 £49.50
UK excluding London median hourly rate £19.00 £17.86 £17.50
% change year-on-year +6.41% +2.03% -

Java Developer - Algorithmic Trading
Job Vacancy Trend

Job postings that featured Java Developer - Algorithmic Trading in the job title as a proportion of all IT jobs advertised.

Job vacancy trend for Java Developer - Algorithmic Trading in the UK

Java Developer - Algorithmic Trading
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Java Developer - Algorithmic Trading.

Daily rate trend for Java Developer - Algorithmic Trading in the UK

Java Developer - Algorithmic Trading
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Java Developer - Algorithmic Trading within the UK over the 6 months to 20 April 2021. 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 +47 5 £775 +10.71%
London -12 5 £775 +10.71%
Work from Home - 1 - -

Java Developer - Algorithmic Trading Skill Set
Top 20 Co-occurring IT Skills

For the 6 months to 20 April 2021, Java Developer - Algorithmic Trading contract jobs required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Java Developer - Algorithmic Trading in the job title.

1 5 (100.00%) Java
1 5 (100.00%) Front Office
1 5 (100.00%) Algorithmic Trading
2 4 (80.00%) Git (software)
2 4 (80.00%) Maven
3 3 (60.00%) OO
3 3 (60.00%) OOD
4 2 (40.00%) Multithreading
4 2 (40.00%) Low Latency
5 1 (20.00%) Garbage Collection
5 1 (20.00%) TWAP
5 1 (20.00%) Gradle
5 1 (20.00%) Greenfield Project
5 1 (20.00%) Investment Banking
5 1 (20.00%) FIX Protocol
5 1 (20.00%) VWAP
5 1 (20.00%) Eclipse
5 1 (20.00%) IntelliJ
5 1 (20.00%) TDD
5 1 (20.00%) Banking

Java Developer - Algorithmic Trading Skill Set
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:

Development Applications
1 4 (80.00%) Git (software)
1 4 (80.00%) Maven
2 1 (20.00%) Eclipse
2 1 (20.00%) Gradle
2 1 (20.00%) IntelliJ
General
1 5 (100.00%) Front Office
2 1 (20.00%) Banking
2 1 (20.00%) Investment Banking
Libraries, Frameworks & Software Standards
1 1 (20.00%) FIX Protocol
Miscellaneous
1 1 (20.00%) Greenfield Project
1 1 (20.00%) TWAP
1 1 (20.00%) VWAP
Processes & Methodologies
1 5 (100.00%) Algorithmic Trading
2 3 (60.00%) OO
2 3 (60.00%) OOD
3 2 (40.00%) Low Latency
3 2 (40.00%) Multithreading
4 1 (20.00%) Garbage Collection
4 1 (20.00%) TDD
Programming Languages
1 5 (100.00%) Java