Period
to 29 October 2020

The median annual salary for an Algorithmic Trading Developer was £105,000 in advertised job vacancies during the 6 months to 29 October 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
UK
6 months to
29 Oct 2020
Same period 2019 Same period 2018
Rank 676 1063 1122
Rank change year-on-year +387 +59 +36
Permanent jobs requiring an Algorithmic Trading Developer 12 6 47
As % of all permanent jobs advertised in the UK 0.024% 0.004% 0.029%
As % of the Job Titles category 0.025% 0.005% 0.030%
Number of salaries quoted 19 6 46
Median annual salary £105,000 £115,000 £92,500
Median salary % change year-on-year -8.70% +24.32% -7.50%
10th Percentile £87,500 £96,250 £55,000
90th Percentile £125,000 £136,250 £112,500
UK excluding London median annual salary - - -

The following table is for comparison with the above and includes summary statistics for all permanent IT job vacancies. 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
UK
Permanent vacancies in the UK with a recognized job title 47,265 131,763 157,991
% of permanent IT jobs with a recognized job title 95.02% 95.66% 95.88%
Number of salaries quoted 39,109 105,399 127,161
Median annual salary £55,000 £50,000 £50,000
Median salary % change year-on-year +10.00% - +3.09%
10th Percentile £32,500 £28,000 £27,500
90th Percentile £87,500 £85,000 £82,500
UK excluding London median annual salary £47,500 £45,000 £45,000
% change year-on-year +5.56% - +5.88%

Algorithmic Trading Developer
Job Vacancy Trend

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

Job vacancy trend for Algorithmic Trading Developer in the UK

Algorithmic Trading Developer
Salary Trend

3-month moving average salary quoted in jobs citing Algorithmic Trading Developer.

Salary trend for Algorithmic Trading Developer in the UK

Algorithmic Trading Developer
Salary Histogram

Salary distribution for jobs citing Algorithmic Trading Developer over the 6 months to 29 October 2020.

Salary histogram for Algorithmic Trading Developer in the UK

Algorithmic Trading Developer
Top 3 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Algorithmic Trading Developer within the UK over the 6 months to 29 October 2020. 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +371 12 £105,000 -8.70% 2
London +282 12 £105,000 -8.70% 2
Work from Home - 7 £105,000 - 1

Algorithmic Trading Developer Skill Set
Top 28 Co-occurring IT Skills

For the 6 months to 29 October 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 featuring Algorithmic Trading Developer in the job title.

1 12 (100.00%) Java
1 12 (100.00%) Algorithmic Trading
2 9 (75.00%) Low Latency
2 9 (75.00%) Multithreading
2 9 (75.00%) Foreign Exchange (FX)
3 7 (58.33%) Fixed Income
3 7 (58.33%) FX Algorithmic Trading
3 7 (58.33%) SDLC
3 7 (58.33%) Multithreaded Programming
3 7 (58.33%) Fintech
4 5 (41.67%) Equities
5 3 (25.00%) TDD
5 3 (25.00%) Test Automation
5 3 (25.00%) FIX Protocol
5 3 (25.00%) BDD
5 3 (25.00%) FIX Connectivity
5 3 (25.00%) Market Making
6 2 (16.67%) Concurrent Programming
6 2 (16.67%) Java 8
6 2 (16.67%) Backtesting
6 2 (16.67%) Mathematics
6 2 (16.67%) Physics
6 2 (16.67%) Computer Science
6 2 (16.67%) Memory Management
6 2 (16.67%) Unit Testing
6 2 (16.67%) Integration Testing
6 2 (16.67%) Banking
6 2 (16.67%) Investment Banking

Algorithmic Trading Developer Skill Set
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 (25.00%) FIX Connectivity
General
1 2 (16.67%) Banking
1 2 (16.67%) Investment Banking
Libraries, Frameworks & Software Standards
1 3 (25.00%) FIX Protocol
Miscellaneous
1 9 (75.00%) Foreign Exchange (FX)
2 7 (58.33%) Fixed Income
3 5 (41.67%) Equities
Processes & Methodologies
1 12 (100.00%) Algorithmic Trading
2 9 (75.00%) Low Latency
2 9 (75.00%) Multithreading
3 7 (58.33%) Fintech
3 7 (58.33%) FX Algorithmic Trading
3 7 (58.33%) Multithreaded Programming
3 7 (58.33%) SDLC
4 3 (25.00%) BDD
4 3 (25.00%) Market Making
4 3 (25.00%) TDD
4 3 (25.00%) Test Automation
5 2 (16.67%) Backtesting
5 2 (16.67%) Computer Science
5 2 (16.67%) Concurrent Programming
5 2 (16.67%) Integration Testing
5 2 (16.67%) Mathematics
5 2 (16.67%) Memory Management
5 2 (16.67%) Physics
5 2 (16.67%) Unit Testing
Programming Languages
1 12 (100.00%) Java
2 2 (16.67%) Java 8