Period
to 21 January 2020

The median annual salary for an Algorithmic Trading Developer was £130,000 in advertised job vacancies in the City of London during the 6 months to 21 January 2020.

The first table below provides salary benchmarking and summary statistics including a comparison to same period in the previous 2 years.

Algo Trading Developer
Central London > City of London
6 months to
21 Jan 2020
Same period 2019 Same period 2018
Rank 298 322 326
Rank change year-on-year +24 +4 +5
Permanent jobs requiring an Algorithmic Trading Developer 10 9 14
As % of all permanent IT jobs advertised in the City of London 0.11% 0.088% 0.14%
As % of the Job Titles category 0.11% 0.092% 0.14%
Number of salaries quoted 10 9 12
City of London median annual salary £130,000 £80,000 £95,000
Median salary % change year-on-year +62.50% -15.79% -13.64%
10th Percentile £107,250 £62,250 £57,500
90th Percentile £135,000 £95,000 £117,500
Central London median annual salary £130,000 £80,000 £95,000
% change year-on-year +62.50% -15.79% -13.64%

The following table is for comparison with the above and includes summary statistics for all permanent IT job vacancies advertised in the City of London. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of permanent jobs in our overall sample.

All Permanent IT Job Vacancies
City of London
Permanent vacancies in the City of London with a recognized job title 8,757 9,804 9,857
% of permanent IT jobs with a recognized job title 95.17% 95.70% 95.12%
Number of salaries quoted 7,577 8,771 8,787
City of London median annual salary £65,000 £65,000 £60,000
Median salary % change year-on-year - +8.33% +4.35%
10th Percentile £36,490 £36,250 £36,000
90th Percentile £97,500 £95,000 £93,750
Central London median annual salary £65,000 £62,500 £60,000
% change year-on-year +4.00% +4.17% +4.35%

Algorithmic Trading Developer
Job Vacancy Trend in the City of London

Job postings that featured Algorithmic Trading Developer in the job title as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Algorithmic Trading Developer in the City of London

Algorithmic Trading Developer
Salary Trend in the City of London

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Algorithmic Trading Developer in the City of London.

Salary trend for Algorithmic Trading Developer in the City of London

Algorithmic Trading Developer Skill Set
Top 27 Co-occurring IT Skills in the City of London

For the 6 months to 21 January 2020, Algorithmic Trading Developer job roles required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads across the City of London region featuring Algorithmic Trading Developer in the job title.

1 10 (100.00%) Java
1 10 (100.00%) Algorithmic Trading
1 10 (100.00%) Market Making
2 9 (90.00%) FIX Connectivity
2 9 (90.00%) Equities
2 9 (90.00%) Test Automation
2 9 (90.00%) BDD
2 9 (90.00%) FIX Protocol
2 9 (90.00%) TDD
3 1 (10.00%) Degree
3 1 (10.00%) Agile Software Development
3 1 (10.00%) Mathematics
3 1 (10.00%) Computer Science
3 1 (10.00%) Multithreading
3 1 (10.00%) Electronic Trading
3 1 (10.00%) Scrum
3 1 (10.00%) Fixed Income
3 1 (10.00%) Foreign Exchange (FX)
3 1 (10.00%) TIBCO
3 1 (10.00%) Rendezvous
3 1 (10.00%) SmartSockets
3 1 (10.00%) Middleware
3 1 (10.00%) Ultra Messaging
3 1 (10.00%) Low Latency
3 1 (10.00%) Solace
3 1 (10.00%) FX Algorithmic Trading
3 1 (10.00%) Technical Leadership

Algorithmic Trading Developer Skill Set
Co-occurring IT Skills in the City of London 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 1 (10.00%) SmartSockets
Communications & Networking
1 9 (90.00%) FIX Connectivity
Libraries, Frameworks & Software Standards
1 9 (90.00%) FIX Protocol
2 1 (10.00%) Middleware
2 1 (10.00%) Rendezvous
2 1 (10.00%) Ultra Messaging
Miscellaneous
1 9 (90.00%) Equities
2 1 (10.00%) Fixed Income
2 1 (10.00%) Foreign Exchange (FX)
Processes & Methodologies
1 10 (100.00%) Algorithmic Trading
1 10 (100.00%) Market Making
2 9 (90.00%) BDD
2 9 (90.00%) TDD
2 9 (90.00%) Test Automation
3 1 (10.00%) Agile Software Development
3 1 (10.00%) Computer Science
3 1 (10.00%) Electronic Trading
3 1 (10.00%) FX Algorithmic Trading
3 1 (10.00%) Low Latency
3 1 (10.00%) Mathematics
3 1 (10.00%) Multithreading
3 1 (10.00%) Scrum
3 1 (10.00%) Technical Leadership
Programming Languages
1 10 (100.00%) Java
Qualifications
1 1 (10.00%) Degree
Vendors
1 1 (10.00%) Solace
1 1 (10.00%) TIBCO