Period
to 17 July 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 17 July 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
17 Jul 2018
Same period 2017 Same period 2016
Rank 856 841 893
Rank change year-on-year -15 +52 -6
Contract jobs citing Systematic Trading 25 5 8
As % of all contract IT jobs advertised in the UK 0.024% 0.005% 0.007%
As % of the Processes & Methodologies category 0.028% 0.006% 0.009%
Number of daily rates quoted 17 5 2
UK median daily rate £775 £775 £525
Median daily rate % change year-on-year - +47.62% -
10th Percentile £553 £630 £400
90th Percentile £970 £1,000 £650
UK excluding London median daily rate £413 - -
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 88,891 80,637 92,773
As % of all contract IT jobs advertised in the UK 85.77% 84.89% 84.24%
Number of daily rates quoted 58,622 52,775 61,088
UK median daily rate £450 £445 £425
Median daily rate % change year-on-year +1.12% +4.71% +6.25%
10th Percentile £300 £275 £263
90th Percentile £638 £625 £601
UK excluding London median daily rate £425 £400 £400
% change year-on-year +6.25% - +6.67%
Number of hourly rates quoted 2,428 2,131 2,298
UK median hourly rate £21.50 £25.00 £24.75
Median hourly rate % change year-on-year -14.00% +1.01% +15.12%
10th Percentile £11.17 £11.50 £11.72
90th Percentile £50.00 £52.50 £48.75
UK excluding London median hourly rate £20.00 £25.00 £25.00
% change year-on-year -20.00% - +16.01%

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 17 July 2018.

Contractor daily rate histogram for Systematic Trading in the UK

Systematic Trading
Top 4 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 17 July 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 -10 24 £775 - 4
London -32 24 £775 - 4
Scotland - 1 £413 -
UK excluding London - 1 £413 -

For the 6 months to 17 July 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 24 (96.00%) Linux
2 22 (88.00%) Java
2 22 (88.00%) Unix
2 22 (88.00%) Algorithmic Trading
3 21 (84.00%) Front Office
3 21 (84.00%) Low Latency
4 20 (80.00%) Analytical Skills
5 18 (72.00%) KDB
6 15 (60.00%) Finance
7 13 (52.00%) Middleware
7 13 (52.00%) Electronic Trading
8 10 (40.00%) Hedge funds
8 10 (40.00%) Kdb+
9 8 (32.00%) Virtual Team
9 8 (32.00%) Quantitative Trading
9 8 (32.00%) Performance Tuning
9 8 (32.00%) JavaFX
9 8 (32.00%) Web Development
9 8 (32.00%) Foreign Exchange (FX)
10 7 (28.00%) Equities
10 7 (28.00%) Derivative
10 7 (28.00%) Market Making
10 7 (28.00%) Automated Trading
11 6 (24.00%) Algorithms
12 5 (20.00%) SDLC
12 5 (20.00%) Banking
13 4 (16.00%) Mathematics
13 4 (16.00%) Open Source
14 3 (12.00%) OO
14 3 (12.00%) Python

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:

Database & Business Intelligence
1 18 (72.00%) KDB
2 10 (40.00%) Kdb+
3 1 (4.00%) MongoDB
3 1 (4.00%) Relational Database
3 1 (4.00%) Tick Data
General
1 21 (84.00%) Front Office
2 15 (60.00%) Finance
3 5 (20.00%) Banking
Job Titles
1 17 (68.00%) Developer
2 14 (56.00%) Java Developer
3 6 (24.00%) Electronic Trading Developer
3 6 (24.00%) Electronic Trading Java Developer
4 2 (8.00%) KDB Developer
5 1 (4.00%) Algorithmic Trading Developer
5 1 (4.00%) Java Developer - Algorithmic Trading
5 1 (4.00%) MongoDB Developer
5 1 (4.00%) Python Developer
5 1 (4.00%) Software Developer
Libraries, Frameworks & Software Standards
1 13 (52.00%) Middleware
2 8 (32.00%) JavaFX
3 1 (4.00%) Django
Miscellaneous
1 20 (80.00%) Analytical Skills
2 10 (40.00%) Hedge funds
3 8 (32.00%) Foreign Exchange (FX)
3 8 (32.00%) Virtual Team
4 7 (28.00%) Derivative
4 7 (28.00%) Equities
5 6 (24.00%) Algorithms
6 2 (8.00%) Computer Science
7 1 (4.00%) Data Structures
7 1 (4.00%) Fintech
Operating Systems
1 24 (96.00%) Linux
2 22 (88.00%) Unix
Processes & Methodologies
1 22 (88.00%) Algorithmic Trading
2 21 (84.00%) Low Latency
3 13 (52.00%) Electronic Trading
4 8 (32.00%) Performance Tuning
4 8 (32.00%) Quantitative Trading
4 8 (32.00%) Web Development
5 7 (28.00%) Automated Trading
5 7 (28.00%) Market Making
6 5 (20.00%) SDLC
7 4 (16.00%) Mathematics
7 4 (16.00%) Open Source
8 3 (12.00%) OO
9 2 (8.00%) Agile Software Development
9 2 (8.00%) Artificial Intelligence
9 2 (8.00%) Data Science
9 2 (8.00%) Physics
10 1 (4.00%) Continuous Delivery
10 1 (4.00%) Data Ingestion
10 1 (4.00%) Problem-Solving
10 1 (4.00%) Quantitative Research
Programming Languages
1 22 (88.00%) Java
2 3 (12.00%) Python
3 1 (4.00%) APL
3 1 (4.00%) C
3 1 (4.00%) Go
3 1 (4.00%) Haskell
3 1 (4.00%) Lisp
3 1 (4.00%) SQL
Qualifications
1 1 (4.00%) Degree
1 1 (4.00%) Master's Degree