The following table provides summary statistics for contract job vacancies with a requirement for Ultra-Low Latency skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Ultra-Low Latency over the 3 months to 28 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.

Ultra-Low Latency
UK
3 months to
28 Jun 2017
Same period 2016 Same period 2015
Rank 593 648 629
Rank change year-on-year +55 -19  
Contract jobs citing Ultra-Low Latency 17 3 16
As % of all contract IT jobs advertised in the UK 0.036% 0.006% 0.029%
As % of the Processes & Methodologies category 0.043% 0.007% 0.036%
Number of daily rates quoted 13 3 14
Median daily rate £650 £500 £650
Median daily rate % change year-on-year +30.00% -23.07%  
90% offered a daily rate of more than £515 £465 £295
10% offered a daily rate of more than £688 £670 £750
UK excluding London median daily rate - - £295
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Ultra-Low Latency 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 39769 44877 44538
As % of all contract IT job vacancies advertised in the UK 84.43% 83.33% 80.76%
Number of daily rates quoted 99202 112242 99576
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 £305 £284 £274
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £415 £400 £380
% change year-on-year +3.75% +5.26%  
Number of hourly rates quoted 3122 2959 3052
Median hourly rate £32.50 £28.00 £27.50
Median hourly rate % change year-on-year +16.07% +1.81%  
90% offered a hourly rate of more than £12.50 £12.50 £11.50
10% offered a hourly rate of more than £54.00 £50.78 £51.17
UK excluding London median hourly rate £34.00 £28.50 £30.00
% change year-on-year +19.29% -5.00%  

Ultra-Low Latency
Job Vacancy Trend

Job postings citing Ultra-Low Latency as a percentage of all IT jobs advertised.

Job vacancy trend for Ultra-Low Latency in the UK

Ultra-Low Latency
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Ultra-Low Latency.

Contractor daily rate trend for Ultra-Low Latency in the UK

Ultra-Low Latency
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Ultra-Low Latency over the 3 months to 28 June 2017.

Contractor daily rate histogram for Ultra-Low Latency in the UK

Ultra-Low Latency
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 Ultra-Low Latency within the UK over the 3 months to 28 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 +51 17 £650 +30.00% 7
London +26 17 £650 +30.00% 6

For the 6 months to 28 June 2017, IT contractor jobs citing Ultra-Low Latency 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 Ultra-Low Latency.

1 31 (100.00%) Low Latency
2 25 (80.65%) Java
3 18 (58.06%) Foreign Exchange (FX)
4 17 (54.84%) Front Office
5 15 (48.39%) FIX Protocol
6 13 (41.94%) Linux
7 11 (35.48%) Electronic Trading
8 6 (19.35%) Test Automation
8 6 (19.35%) C++
8 6 (19.35%) OO
8 6 (19.35%) Finance
8 6 (19.35%) Equities
9 5 (16.13%) Multithreading
10 4 (12.90%) NoSQL
10 4 (12.90%) Algorithms
10 4 (12.90%) Greenfield Project
11 3 (9.68%) Master's Degree
11 3 (9.68%) SDLC
11 3 (9.68%) Fintech
11 3 (9.68%) Code Optimisation
11 3 (9.68%) Hudson
11 3 (9.68%) HTML5
11 3 (9.68%) Banking
11 3 (9.68%) Computer Science
11 3 (9.68%) TIBCO EMS
11 3 (9.68%) Degree
11 3 (9.68%) JMS
11 3 (9.68%) TIBCO
11 3 (9.68%) Rendezvous
11 3 (9.68%) HTML

Ultra-Low Latency
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:

Business Applications
1 2 (6.45%) Postilion
2 1 (3.23%) RMDS
Communications & Networking
1 2 (6.45%) FIX Connectivity
2 1 (3.23%) TCP/IP
Database & Business Intelligence
1 4 (12.90%) NoSQL
2 2 (6.45%) KDB
Development Applications
1 3 (9.68%) Hudson
General
1 17 (54.84%) Front Office
2 6 (19.35%) Finance
3 3 (9.68%) Banking
4 2 (6.45%) Investment Banking
Job Titles
1 31 (100.00%) Developer
2 23 (74.19%) Java Developer
3 6 (19.35%) C++ Developer
3 6 (19.35%) Electronic Trading Developer
3 6 (19.35%) Electronic Trading Java Developer
3 6 (19.35%) Low Latency Java Developer
4 5 (16.13%) Front End Developer (Client-Side Developer)
4 5 (16.13%) Low Latency C++ Developer
5 4 (12.90%) Front End Java Developer (Client-Side Java Developer)
5 4 (12.90%) Linux Developer
6 2 (6.45%) Senior Developer
6 2 (6.45%) Senior Java Developer
7 1 (3.23%) C++ Quantitative Developer
7 1 (3.23%) Front Office Developer
7 1 (3.23%) HTML Developer
7 1 (3.23%) Java Engineer
7 1 (3.23%) Linux Engineer
7 1 (3.23%) Quantitative Developer
7 1 (3.23%) UI Developer
7 1 (3.23%) WPF Developer
Libraries, Frameworks & Software Standards
1 15 (48.39%) FIX Protocol
2 3 (9.68%) HTML
2 3 (9.68%) HTML5
2 3 (9.68%) JMS
2 3 (9.68%) Rendezvous
2 3 (9.68%) TIBCO EMS
3 2 (6.45%) JNI
3 2 (6.45%) Ultra Messaging
4 1 (3.23%) Ajax
4 1 (3.23%) AngularJS
4 1 (3.23%) CSS
4 1 (3.23%) jQuery
4 1 (3.23%) JSON
4 1 (3.23%) KnockoutJS
4 1 (3.23%) Middleware
4 1 (3.23%) Node.js
4 1 (3.23%) React
4 1 (3.23%) Vue.js
4 1 (3.23%) WPF
4 1 (3.23%) XML
Miscellaneous
1 18 (58.06%) Foreign Exchange (FX)
2 6 (19.35%) Equities
3 4 (12.90%) Algorithms
3 4 (12.90%) Greenfield Project
4 3 (9.68%) Computer Science
4 3 (9.68%) Fintech
5 2 (6.45%) Analytical Skills
6 1 (3.23%) Data Structures
6 1 (3.23%) Hedge funds
Operating Systems
1 13 (41.94%) Linux
Processes & Methodologies
1 31 (100.00%) Low Latency
2 11 (35.48%) Electronic Trading
3 6 (19.35%) OO
3 6 (19.35%) Test Automation
4 5 (16.13%) Multithreading
5 3 (9.68%) Code Optimisation
5 3 (9.68%) OOP
5 3 (9.68%) SDLC
6 2 (6.45%) Front End Development
6 2 (6.45%) High-Frequency Trading
6 2 (6.45%) Migration
6 2 (6.45%) Performance Tuning
7 1 (3.23%) Algorithmic Trading
7 1 (3.23%) Garbage Collection
7 1 (3.23%) Performance Analysis
7 1 (3.23%) Performance Optimisation
7 1 (3.23%) Problem Management
7 1 (3.23%) Risk Management
Programming Languages
1 25 (80.65%) Java
2 6 (19.35%) C++
3 1 (3.23%) JavaScript
3 1 (3.23%) MATLAB
3 1 (3.23%) Python
Qualifications
1 3 (9.68%) Degree
1 3 (9.68%) Master's Degree
Quality Assurance & Compliance
1 1 (3.23%) MiFID
1 1 (3.23%) QA
Vendors
1 3 (9.68%) TIBCO
2 1 (3.23%) Azul