Period
to 23 October 2018

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 23 October 2018 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
23 Oct 2018
Same period 2017 Same period 2016
Rank 870 879 882
Rank change year-on-year +9 +3 +20
Contract jobs citing Systematic Trading 17 4 15
As % of all contract IT jobs advertised in the UK 0.016% 0.004% 0.014%
As % of the Processes & Methodologies category 0.019% 0.005% 0.017%
Number of daily rates quoted 10 4 7
UK median daily rate £650 £663 £588
Median daily rate % change year-on-year -1.89% +12.77% -12.96%
10th Percentile £520 £598 £375
90th Percentile £750 £714 £710
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 89,210 85,922 89,728
As % of all contract IT jobs advertised in the UK 86.24% 85.75% 85.14%
Number of daily rates quoted 58,880 56,977 59,235
UK median daily rate £455 £450 £425
Median daily rate % change year-on-year +1.11% +5.88% +3.03%
10th Percentile £300 £280 £263
90th Percentile £638 £625 £600
UK excluding London median daily rate £425 £400 £400
% change year-on-year +6.25% - +6.52%
Number of hourly rates quoted 2,415 2,057 2,438
UK median hourly rate £21.00 £24.98 £22.50
Median hourly rate % change year-on-year -15.93% +11.02% +3.73%
10th Percentile £11.18 £11.25 £11.25
90th Percentile £50.00 £50.00 £48.41
UK excluding London median hourly rate £20.17 £25.00 £22.50
% change year-on-year -19.32% +11.11% +2.69%

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 23 October 2018.

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 23 October 2018. 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 +11 17 £650 -1.89% 10
London +7 17 £650 -1.89% 10

For the 6 months to 23 October 2018, IT contractor jobs citing Systematic Trading also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads with a requirement for Systematic Trading.

1 16 (94.12%) Java
1 16 (94.12%) Front Office
1 16 (94.12%) Algorithmic Trading
1 16 (94.12%) Electronic Trading
2 13 (76.47%) Linux
3 12 (70.59%) Unix
3 12 (70.59%) Middleware
3 12 (70.59%) Low Latency
3 12 (70.59%) Analytical Skills
4 10 (58.82%) Derivative
5 8 (47.06%) Banking
5 8 (47.06%) JavaFX
5 8 (47.06%) Finance
5 8 (47.06%) KDB
5 8 (47.06%) Performance Tuning
6 6 (35.29%) Market Making
6 6 (35.29%) Automated Trading
6 6 (35.29%) Equities
6 6 (35.29%) Foreign Exchange (FX)
6 6 (35.29%) Agile Software Development
7 5 (29.41%) TDD
7 5 (29.41%) Hedge funds
8 4 (23.53%) Microservices
8 4 (23.53%) Algorithms
8 4 (23.53%) React
8 4 (23.53%) Spring Boot
8 4 (23.53%) SDLC
8 4 (23.53%) Docker
8 4 (23.53%) DevOps
8 4 (23.53%) Clojure

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:

Cloud Services
1 4 (23.53%) Amazon AWS
1 4 (23.53%) Microsoft Azure
Database & Business Intelligence
1 8 (47.06%) KDB
2 4 (23.53%) SQL Server
General
1 16 (94.12%) Front Office
2 8 (47.06%) Banking
2 8 (47.06%) Finance
3 4 (23.53%) Investment Banking
4 1 (5.88%) Back Office
Job Titles
1 15 (88.24%) Developer
1 15 (88.24%) Java Developer
2 5 (29.41%) Electronic Trading Developer
2 5 (29.41%) Electronic Trading Java Developer
3 4 (23.53%) Java Scala Developer
3 4 (23.53%) Market Data Developer
3 4 (23.53%) Scala Developer
4 1 (5.88%) Analyst
4 1 (5.88%) Support Analyst
Libraries, Frameworks & Software Standards
1 12 (70.59%) Middleware
2 8 (47.06%) JavaFX
3 4 (23.53%) AngularJS
3 4 (23.53%) React
3 4 (23.53%) Spring
3 4 (23.53%) Spring Boot
3 4 (23.53%) Web Services
Miscellaneous
1 12 (70.59%) Analytical Skills
2 10 (58.82%) Derivative
3 6 (35.29%) Equities
3 6 (35.29%) Foreign Exchange (FX)
4 5 (29.41%) Hedge funds
5 4 (23.53%) Algorithms
Operating Systems
1 13 (76.47%) Linux
2 12 (70.59%) Unix
3 1 (5.88%) Windows
Processes & Methodologies
1 16 (94.12%) Algorithmic Trading
1 16 (94.12%) Electronic Trading
2 12 (70.59%) Low Latency
3 8 (47.06%) Performance Tuning
4 6 (35.29%) Agile Software Development
4 6 (35.29%) Automated Trading
4 6 (35.29%) Market Making
5 5 (29.41%) TDD
6 4 (23.53%) Continuous Integration
6 4 (23.53%) DevOps
6 4 (23.53%) Microservices
6 4 (23.53%) SDLC
7 1 (5.88%) BDD
7 1 (5.88%) Proprietary Trading
Programming Languages
1 16 (94.12%) Java
2 4 (23.53%) C#
2 4 (23.53%) Clojure
2 4 (23.53%) JavaScript
2 4 (23.53%) Scala
3 1 (5.88%) SQL
System Software
1 4 (23.53%) Docker
Vendors
1 4 (23.53%) Bloomberg
1 4 (23.53%) Reuters