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 March 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 Mar 2017
Same period 2016 Same period 2015
Rank 594 621 608
Rank change year-on-year +27 -13  
Contract jobs citing Ultra-Low Latency 14 18 34
As % of all contract IT jobs advertised in the UK 0.031% 0.034% 0.063%
As % of the Processes & Methodologies category 0.037% 0.041% 0.079%
Number of daily rates quoted 12 15 33
Median daily rate £600 £500 £650
Median daily rate % change year-on-year +20.00% -23.07%  
90% offered a daily rate of more than £450 £450 £625
10% offered a daily rate of more than £650 £675 £720
UK excluding London median daily rate - - -
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 37483 44400 43069
As % of all contract IT job vacancies advertised in the UK 83.14% 82.87% 79.71%
Number of daily rates quoted 24787 29149 26680
Median daily rate £450 £425 £419
Median daily rate % change year-on-year +5.88% +1.55%  
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £410 £400 £396
% change year-on-year +2.50% +1.01%  
Number of hourly rates quoted 946 1114 1248
Median hourly rate £35.75 £37.50 £28.69
Median hourly rate % change year-on-year -4.66% +30.70%  
90% offered a hourly rate of more than £13.00 £13.00 £12.10
10% offered a hourly rate of more than £53.00 £55.00 £49.50
UK excluding London median hourly rate £36.00 £38.50 £30.20
% change year-on-year -6.49% +27.48%  

Ultra-Low Latency
Job Vacancy Trend

The job posting trend of jobs advertised citing Ultra-Low Latency as a proportion of all contract or permanent IT jobs with a match in the Processes & Methodologies category.

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 March 2017.

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

Ultra-Low Latency
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 Ultra-Low Latency within the UK over the 3 months to 28 March 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 +28 14 £600 +20.00% 9
London +21 14 £600 +20.00% 8
City of London -6 6 £600 -4.00% 3

For the 6 months to 28 March 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 27 (100.00%) Low Latency
2 20 (74.07%) Foreign Exchange (FX)
3 15 (55.56%) Java
3 15 (55.56%) Linux
4 14 (51.85%) FIX Protocol
5 12 (44.44%) C++
6 11 (40.74%) OO
6 11 (40.74%) Front Office
7 8 (29.63%) Multithreading
7 8 (29.63%) Finance
8 7 (25.93%) OOP
8 7 (25.93%) Electronic Trading
9 5 (18.52%) Banking
9 5 (18.52%) Unix
10 4 (14.81%) JMS
10 4 (14.81%) TIBCO
10 4 (14.81%) Rendezvous
10 4 (14.81%) TIBCO EMS
10 4 (14.81%) NoSQL
11 3 (11.11%) Code Optimisation
11 3 (11.11%) Fintech
11 3 (11.11%) SDLC
11 3 (11.11%) Ultra Messaging
11 3 (11.11%) Algorithms
11 3 (11.11%) Hudson
11 3 (11.11%) Computer Science
11 3 (11.11%) Degree
11 3 (11.11%) TCP/IP
12 2 (7.41%) Perl
12 2 (7.41%) Python

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:

Communications & Networking
1 3 (11.11%) TCP/IP
2 1 (3.70%) DHCP
2 1 (3.70%) DNS
2 1 (3.70%) Ethernet
2 1 (3.70%) FTP
2 1 (3.70%) IGMP
2 1 (3.70%) InfiniBand
2 1 (3.70%) SSH
Database & Business Intelligence
1 4 (14.81%) NoSQL
Development Applications
1 3 (11.11%) Hudson
General
1 11 (40.74%) Front Office
2 8 (29.63%) Finance
3 5 (18.52%) Banking
4 2 (7.41%) Investment Banking
5 1 (3.70%) Japanese Language
Job Titles
1 25 (92.59%) Developer
2 15 (55.56%) Java Developer
3 10 (37.04%) C++ Developer
4 9 (33.33%) Low Latency C++ Developer
5 8 (29.63%) Linux Developer
6 4 (14.81%) Electronic Trading Developer
6 4 (14.81%) Electronic Trading Java Developer
6 4 (14.81%) Low Latency Java Developer
7 3 (11.11%) Front End Developer (Client-Side Developer)
7 3 (11.11%) Front End Java Developer (Client-Side Java Developer)
7 3 (11.11%) Senior Developer
7 3 (11.11%) Senior Java Developer
8 2 (7.41%) Administrator
8 2 (7.41%) Systems Administrator
8 2 (7.41%) Unix Administrator
8 2 (7.41%) Unix Systems Administrator
9 1 (3.70%) C++ Software Developer
9 1 (3.70%) C++ Software Engineer
9 1 (3.70%) Linux Engineer
9 1 (3.70%) Quantitative Developer
Libraries, Frameworks & Software Standards
1 14 (51.85%) FIX Protocol
2 4 (14.81%) JMS
2 4 (14.81%) Rendezvous
2 4 (14.81%) TIBCO EMS
3 3 (11.11%) Ultra Messaging
Miscellaneous
1 20 (74.07%) Foreign Exchange (FX)
2 3 (11.11%) Algorithms
2 3 (11.11%) Computer Science
2 3 (11.11%) Fintech
3 2 (7.41%) Derivative
3 2 (7.41%) Equities
4 1 (3.70%) Analytical Skills
4 1 (3.70%) Client/Server
4 1 (3.70%) Data Centre
4 1 (3.70%) Equity Derivative
4 1 (3.70%) Fixed Income
4 1 (3.70%) Hedge funds
4 1 (3.70%) Virtual Team
Operating Systems
1 15 (55.56%) Linux
2 5 (18.52%) Unix
3 1 (3.70%) Red Hat Enterprise Linux
3 1 (3.70%) Solaris
3 1 (3.70%) SUSE Linux Enterprise Server
3 1 (3.70%) Windows
Processes & Methodologies
1 27 (100.00%) Low Latency
2 11 (40.74%) OO
3 8 (29.63%) Multithreading
4 7 (25.93%) Electronic Trading
4 7 (25.93%) OOP
5 3 (11.11%) Code Optimisation
5 3 (11.11%) SDLC
6 2 (7.41%) Algorithmic Trading
6 2 (7.41%) Capacity Planning
7 1 (3.70%) Agile Software Development
7 1 (3.70%) Configuration Management
7 1 (3.70%) Garbage Collection
7 1 (3.70%) ITSM
7 1 (3.70%) Market Making
7 1 (3.70%) OOD
7 1 (3.70%) Performance Management
7 1 (3.70%) Performance Optimisation
7 1 (3.70%) Scrum
7 1 (3.70%) Software Engineering
7 1 (3.70%) TDD
Programming Languages
1 15 (55.56%) Java
2 12 (44.44%) C++
3 2 (7.41%) Perl
3 2 (7.41%) Python
4 1 (3.70%) Bash Shell
4 1 (3.70%) C#
4 1 (3.70%) MATLAB
4 1 (3.70%) Shell Script
Qualifications
1 3 (11.11%) Degree
Quality Assurance & Compliance
1 1 (3.70%) QA
System Software
1 1 (3.70%) NFS
Vendors
1 4 (14.81%) TIBCO
2 1 (3.70%) HP
2 1 (3.70%) Sun
2 1 (3.70%) Sybase
London
TEKsystems
Rate: £500 - £550 per day
Posted: 6 days ago