Period
to 22 November 2017

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 6 months to 22 November 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
6 months to
22 Nov 2017
Same period 2016 Same period 2015
Rank 826 890 887
Rank change year-on-year +64 -3 -72
Contract jobs citing Ultra-Low Latency 58 9 17
As % of all contract IT jobs advertised in the UK 0.056% 0.009% 0.015%
As % of the Processes & Methodologies category 0.067% 0.010% 0.018%
Number of daily rates quoted 49 6 16
UK median daily rate £675 £625 £675
Median daily rate % change year-on-year +8.00% -7.41% -
10th Percentile £535 £481 £519
90th Percentile £750 £713 £750
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

Ultra-Low Latency 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 87155 88463 92228
As % of all contract IT jobs advertised in the UK 84.47% 83.90% 81.79%
Number of daily rates quoted 58071 58482 59737
UK median daily rate £450 £425 £413
Median daily rate % change year-on-year +5.88% +2.91% +3.25%
10th Percentile £281 £263 £263
90th Percentile £631 £600 £600
UK excluding London median daily rate £400 £400 £385
% change year-on-year - +3.90% +2.67%
Number of hourly rates quoted 2066 2352 2726
UK median hourly rate £23.63 £24.00 £22.50
Median hourly rate % change year-on-year -1.56% +6.67% +18.42%
10th Percentile £11.50 £11.25 £11.33
90th Percentile £49.88 £48.75 £47.61
UK excluding London median hourly rate £24.00 £24.50 £23.75
% change year-on-year -2.04% +3.16% +18.75%

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 6 months to 22 November 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 6 months to 22 November 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
England +64 58 £675 +8.00% 8
London +18 58 £675 +8.00% 8

For the 6 months to 22 November 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 58 (100.00%) Low Latency
2 51 (87.93%) Java
3 41 (70.69%) Electronic Trading
4 29 (50.00%) Foreign Exchange (FX)
4 29 (50.00%) Front Office
5 17 (29.31%) Finance
5 17 (29.31%) Linux
6 16 (27.59%) Algorithmic Trading
7 15 (25.86%) Banking
7 15 (25.86%) TIBCO EMS
7 15 (25.86%) TIBCO
7 15 (25.86%) Rendezvous
7 15 (25.86%) JMS
8 11 (18.97%) Multithreading
9 8 (13.79%) Requirements Analysis
9 8 (13.79%) Market Making
10 7 (12.07%) GemFire
10 7 (12.07%) Analytical Skills
10 7 (12.07%) Migration
10 7 (12.07%) MiFID
11 6 (10.34%) Artificial Intelligence
11 6 (10.34%) FIX Protocol
11 6 (10.34%) WPF
11 6 (10.34%) HTML
11 6 (10.34%) FX Algorithmic Trading
11 6 (10.34%) HTML5
11 6 (10.34%) Algorithms
12 5 (8.62%) MVVM
12 5 (8.62%) C#
12 5 (8.62%) C++

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:

Application Platforms
1 7 (12.07%) GemFire
2 1 (1.72%) Elasticsearch
Business Applications
1 2 (3.45%) Postilion
Communications & Networking
1 4 (6.90%) FIX Connectivity
2 1 (1.72%) F5 BIG-IP GTM
2 1 (1.72%) F5 BIG-IP LTM
2 1 (1.72%) Multicast
2 1 (1.72%) TCP/IP
Database & Business Intelligence
1 1 (1.72%) Big Data
1 1 (1.72%) Hadoop
1 1 (1.72%) KDB
1 1 (1.72%) MongoDB
1 1 (1.72%) PostgreSQL
General
1 29 (50.00%) Front Office
2 17 (29.31%) Finance
3 15 (25.86%) Banking
4 2 (3.45%) Investment Banking
5 1 (1.72%) Retail
Job Titles
1 55 (94.83%) Developer
2 44 (75.86%) Java Developer
3 22 (37.93%) Electronic Trading Developer
4 17 (29.31%) Electronic Trading Java Developer
5 16 (27.59%) Senior Developer
5 16 (27.59%) Senior Java Developer
6 8 (13.79%) Front Office Developer
7 7 (12.07%) Lead Developer
7 7 (12.07%) Lead Java Developer
8 3 (5.17%) C# Developer
8 3 (5.17%) C++ Developer
8 3 (5.17%) HTML Developer
8 3 (5.17%) Low Latency C++ Developer
8 3 (5.17%) Low Latency Java Developer
8 3 (5.17%) UI Developer
8 3 (5.17%) WPF Developer
9 2 (3.45%) C# Developer - Electronic Trading
9 2 (3.45%) C# WPF Developer
9 2 (3.45%) Electronic Trading C++ Developer
9 2 (3.45%) Scala Developer
Libraries, Frameworks & Software Standards
1 15 (25.86%) JMS
1 15 (25.86%) Rendezvous
1 15 (25.86%) TIBCO EMS
2 6 (10.34%) FIX Protocol
2 6 (10.34%) HTML
2 6 (10.34%) HTML5
2 6 (10.34%) WPF
3 3 (5.17%) Ultra Messaging
4 2 (3.45%) Boost C++ Libraries
4 2 (3.45%) STL
5 1 (1.72%) Django
5 1 (1.72%) Flask
5 1 (1.72%) JNI
5 1 (1.72%) NumPy
5 1 (1.72%) Pandas
5 1 (1.72%) Qt
5 1 (1.72%) RESTful
5 1 (1.72%) SciPy
Miscellaneous
1 29 (50.00%) Foreign Exchange (FX)
2 7 (12.07%) Analytical Skills
3 6 (10.34%) Algorithms
4 5 (8.62%) Equities
5 3 (5.17%) Derivative
6 1 (1.72%) Data Centre
6 1 (1.72%) Fintech
6 1 (1.72%) Greenfield Project
6 1 (1.72%) Market Risk
Operating Systems
1 17 (29.31%) Linux
2 4 (6.90%) Unix
Processes & Methodologies
1 58 (100.00%) Low Latency
2 41 (70.69%) Electronic Trading
3 16 (27.59%) Algorithmic Trading
4 11 (18.97%) Multithreading
5 8 (13.79%) Market Making
5 8 (13.79%) Requirements Analysis
6 7 (12.07%) Migration
7 6 (10.34%) Artificial Intelligence
7 6 (10.34%) FX Algorithmic Trading
8 5 (8.62%) MVVM
9 4 (6.90%) Dependency Injection
9 4 (6.90%) Unit Testing
10 3 (5.17%) Code Optimisation
10 3 (5.17%) Integration Testing
11 2 (3.45%) Functional Programming
11 2 (3.45%) High-Frequency Trading
11 2 (3.45%) Risk Management
12 1 (1.72%) Front End Development
12 1 (1.72%) Machine Learning
12 1 (1.72%) Microservices
Programming Languages
1 51 (87.93%) Java
2 5 (8.62%) C#
2 5 (8.62%) C++
2 5 (8.62%) JavaScript
3 2 (3.45%) C
3 2 (3.45%) Python
3 2 (3.45%) Scala
4 1 (1.72%) SQL
Qualifications
1 2 (3.45%) CCIE
1 2 (3.45%) Cisco Certification
2 1 (1.72%) CCNA
2 1 (1.72%) CCNP
Quality Assurance & Compliance
1 7 (12.07%) MiFID
Systems Management
1 1 (1.72%) Ansible
1 1 (1.72%) Nagios
1 1 (1.72%) Puppet
Vendors
1 15 (25.86%) TIBCO
2 2 (3.45%) Arista
2 2 (3.45%) Cisco
3 1 (1.72%) F5
3 1 (1.72%) Juniper
3 1 (1.72%) Palo Alto
3 1 (1.72%) Remedy