Period
to 14 December 2017

The following table provides summary statistics for contract job vacancies with a requirement for Systematic Trading skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Systematic Trading over the 6 months to 14 December 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.

Systematic Trading (Mechanical Trading)
UK
6 months to
14 Dec 2017
Same period 2016 Same period 2015
Rank 872 863 910
Rank change year-on-year -9 +47 -
Contract jobs citing Systematic Trading 5 15 6
As % of all contract IT jobs advertised in the UK 0.005% 0.015% 0.005%
As % of the Processes & Methodologies category 0.006% 0.017% 0.006%
Number of daily rates quoted 4 8 3
UK median daily rate £663 £594 £675
Median daily rate % change year-on-year +11.58% -12.04% -
10th Percentile £493 £375 £518
90th Percentile £714 £683 £903
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

Systematic 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 87300 86474 93048
As % of all contract IT jobs advertised in the UK 84.56% 83.91% 82.12%
Number of daily rates quoted 58356 57113 60444
UK median daily rate £450 £425 £420
Median daily rate % change year-on-year +5.88% +1.19% +5.00%
10th Percentile £281 £263 £263
90th Percentile £638 £605 £600
UK excluding London median daily rate £404 £400 £388
% change year-on-year +1.00% +3.23% +3.33%
Number of hourly rates quoted 1997 2343 2772
UK median hourly rate £25.00 £24.00 £22.50
Median hourly rate % change year-on-year +4.17% +6.67% +18.42%
10th Percentile £11.43 £11.25 £11.25
90th Percentile £49.75 £48.75 £47.71
UK excluding London median hourly rate £25.00 £24.00 £23.50
% change year-on-year +4.17% +2.13% +17.50%

Systematic Trading
Job Vacancy Trend

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

Job vacancy trend for Systematic Trading in the UK

Systematic Trading
Contractor Daily Rate Trend

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

Contractor daily rate trend for Systematic Trading in the UK

Systematic Trading
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Systematic Trading over the 6 months to 14 December 2017.

Contractor daily rate histogram for Systematic Trading in the UK

Systematic 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 Systematic Trading within the UK over the 6 months to 14 December 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
London -25 5 £663 +11.58% 24
England -25 5 £663 +11.58% 24

For the 6 months to 14 December 2017, IT contractor jobs citing Systematic 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 Systematic Trading.

1 4 (80.00%) Front Office
2 3 (60.00%) Agile Software Development
2 3 (60.00%) Banking
2 3 (60.00%) Algorithmic Trading
2 3 (60.00%) Java
3 2 (40.00%) Foreign Exchange (FX)
3 2 (40.00%) KDB
3 2 (40.00%) Electronic Trading
3 2 (40.00%) Hedge funds
3 2 (40.00%) Investment Banking
3 2 (40.00%) Analytical Skills
3 2 (40.00%) Market Making
4 1 (20.00%) Quantitative Trading
4 1 (20.00%) C#
4 1 (20.00%) Software Engineering
4 1 (20.00%) .NET Framework
4 1 (20.00%) WPF
4 1 (20.00%) TDD
4 1 (20.00%) Pair Programming
4 1 (20.00%) Finance
4 1 (20.00%) Equities
4 1 (20.00%) SciPy
4 1 (20.00%) NumPy
4 1 (20.00%) Reactive Extensions
4 1 (20.00%) Machine Learning
4 1 (20.00%) Pandas
4 1 (20.00%) Scala
4 1 (20.00%) VBA
4 1 (20.00%) .NET
4 1 (20.00%) MySQL

Systematic 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:

Applications
1 1 (20.00%) Microsoft Excel
Database & Business Intelligence
1 2 (40.00%) KDB
2 1 (20.00%) MySQL
2 1 (20.00%) SQL Server
General
1 4 (80.00%) Front Office
2 3 (60.00%) Banking
3 2 (40.00%) Investment Banking
4 1 (20.00%) Finance
Job Titles
1 4 (80.00%) Developer
2 2 (40.00%) Investment Banking Java Developer
2 2 (40.00%) Java Developer
3 1 (20.00%) .NET Developer
3 1 (20.00%) Agile Developer
3 1 (20.00%) C# .NET Developer
3 1 (20.00%) C# Developer
3 1 (20.00%) Developer/Software Engineer
3 1 (20.00%) Electronic Trading Developer
3 1 (20.00%) Electronic Trading Java Developer
3 1 (20.00%) Excel Specialist
3 1 (20.00%) Python Developer
3 1 (20.00%) Senior .NET Developer
3 1 (20.00%) Senior Agile Developer
3 1 (20.00%) Senior C# Developer
3 1 (20.00%) Senior Developer
3 1 (20.00%) Senior Systems Developer
3 1 (20.00%) Software Developer
3 1 (20.00%) Software Engineer
3 1 (20.00%) VBA Specialist
Libraries, Frameworks & Software Standards
1 1 (20.00%) .NET
1 1 (20.00%) .NET Framework
1 1 (20.00%) NumPy
1 1 (20.00%) Pandas
1 1 (20.00%) Reactive Extensions
1 1 (20.00%) SciPy
1 1 (20.00%) WPF
Miscellaneous
1 2 (40.00%) Analytical Skills
1 2 (40.00%) Foreign Exchange (FX)
1 2 (40.00%) Hedge funds
2 1 (20.00%) Equities
Processes & Methodologies
1 3 (60.00%) Agile Software Development
1 3 (60.00%) Algorithmic Trading
2 2 (40.00%) Electronic Trading
2 2 (40.00%) Market Making
3 1 (20.00%) Machine Learning
3 1 (20.00%) Pair Programming
3 1 (20.00%) Quantitative Trading
3 1 (20.00%) Software Engineering
3 1 (20.00%) TDD
Programming Languages
1 3 (60.00%) Java
2 1 (20.00%) C#
2 1 (20.00%) Python
2 1 (20.00%) Scala
2 1 (20.00%) VBA
Vendors
1 1 (20.00%) Microsoft