Algo Trading
UK

The following table provides summary statistics for permanent job vacancies with a requirement for Algorithmic Trading skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Algorithmic Trading over the 6 months to 22 February 2024 with a comparison to the same period in the previous 2 years.

6 months to
22 Feb 2024
Same period 2023 Same period 2022
Rank 698 855 857
Rank change year-on-year +157 +2 -185
Permanent jobs citing Algorithmic Trading 118 151 275
As % of all permanent jobs advertised in the UK 0.15% 0.14% 0.20%
As % of the Processes & Methodologies category 0.17% 0.14% 0.21%
Number of salaries quoted 94 132 193
10th Percentile £55,000 £66,375 £50,000
25th Percentile £92,500 £79,375 £65,000
Median annual salary (50th Percentile) £131,250 £100,000 £107,500
Median % change year-on-year +31.25% -6.98% +19.44%
75th Percentile £155,000 £137,500 £130,000
90th Percentile £189,250 £162,500 £154,500
UK excluding London median annual salary £55,000 £115,000 £51,250
% change year-on-year -52.17% +124.39% +7.89%

All Process and Methodology Skills
UK

Algorithmic Trading is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

Permanent vacancies with a requirement for process or methodology skills 69,307 105,961 132,235
As % of all permanent jobs advertised in the UK 88.74% 95.51% 95.09%
Number of salaries quoted 51,598 64,543 81,525
10th Percentile £29,440 £34,500 £32,750
25th Percentile £40,000 £45,750 £43,750
Median annual salary (50th Percentile) £55,000 £62,500 £60,000
Median % change year-on-year -12.00% +4.17% +9.09%
75th Percentile £75,000 £82,500 £78,750
90th Percentile £95,000 £100,000 £96,250
UK excluding London median annual salary £50,000 £55,000 £51,350
% change year-on-year -9.09% +7.11% +6.98%

Algorithmic Trading
Job Vacancy Trend

Job postings citing Algorithmic Trading as a proportion of all IT jobs advertised.

Job vacancy trend for Algorithmic Trading in the UK

Algorithmic Trading
Salary Trend

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

Salary trend for Algorithmic Trading in the UK

Algorithmic Trading
Salary Histogram

Salary distribution for jobs citing Algorithmic Trading over the 6 months to 22 February 2024.

Salary histogram for Algorithmic Trading in the UK

Algorithmic Trading
Top 6 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Algorithmic Trading within the UK over the 6 months to 22 February 2024. 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
Jobs
England +173 118 £131,250 +31.25% 72
London +157 111 £135,000 +35.00% 70
Work from Home +157 48 £95,000 -24.00% 19
UK excluding London +112 7 £55,000 -52.17% 1
South West - 5 £55,000 -
South East +81 2 - -

Algorithmic Trading
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (0.85%) MQSeries
1 1 (0.85%) SAS
Applications
1 6 (5.08%) Simulink
1 6 (5.08%) Stateflow
2 1 (0.85%) Microsoft Office
2 1 (0.85%) Microsoft PowerPoint
2 1 (0.85%) MS Visio
Cloud Services
1 18 (15.25%) Azure
1 18 (15.25%) Azure DevOps
2 13 (11.02%) AWS
2 13 (11.02%) Azure Service Bus
3 1 (0.85%) Cloud Computing
Communications & Networking
1 1 (0.85%) TCP/IP
Database & Business Intelligence
1 13 (11.02%) NoSQL
1 13 (11.02%) Redis
2 8 (6.78%) Tick Data
3 3 (2.54%) KDB
4 1 (0.85%) Big Data
4 1 (0.85%) Relational Database
General
1 38 (32.20%) Front Office
2 36 (30.51%) Banking
3 31 (26.27%) Finance
3 31 (26.27%) Investment Banking
4 17 (14.41%) Social Skills
5 5 (4.24%) Financial Institution
6 4 (3.39%) Games
7 1 (0.85%) Analytical Skills
7 1 (0.85%) Back Office
7 1 (0.85%) Marketing
Job Titles
1 87 (73.73%) Developer
2 35 (29.66%) Java Developer
3 32 (27.12%) Quantitative Developer
4 21 (17.80%) Senior
5 18 (15.25%) Electronic Trading Developer
5 18 (15.25%) Electronic Trading Java Developer
6 17 (14.41%) Senior Developer
7 16 (13.56%) Software Engineer
8 15 (12.71%) .NET Developer
8 15 (12.71%) C++ Developer
8 15 (12.71%) Senior .NET Developer
9 13 (11.02%) Java Quantitative Developer
10 12 (10.17%) Front Office Developer
11 10 (8.47%) Lead
12 9 (7.63%) C++ Quantitative Developer
13 7 (5.93%) Developer/Software Engineer
14 6 (5.08%) Java Engineer
14 6 (5.08%) Java Software Developer
14 6 (5.08%) Java Software Engineer
15 5 (4.24%) Lead Developer
Libraries, Frameworks & Software Standards
1 24 (20.34%) FIX Protocol
2 19 (16.10%) Kafka
3 18 (15.25%) .NET
3 18 (15.25%) REST
4 16 (13.56%) .NET Core
4 16 (13.56%) .NET Framework
4 16 (13.56%) ASP.NET
4 16 (13.56%) ASP.NET Web API
4 16 (13.56%) LINQ
4 16 (13.56%) React
5 13 (11.02%) AngularJS
6 7 (5.93%) Spring
7 6 (5.08%) PyTorch
7 6 (5.08%) Rendezvous
7 6 (5.08%) Spring Boot
7 6 (5.08%) TensorFlow
8 5 (4.24%) Middleware
9 2 (1.69%) OpenCV
9 2 (1.69%) scikit-learn
10 1 (0.85%) Redux
Miscellaneous
1 54 (45.76%) Foreign Exchange (FX)
2 31 (26.27%) Fixed Income
3 25 (21.19%) Equities
3 25 (21.19%) Hedge funds
4 21 (17.80%) Algorithms
5 8 (6.78%) Data Structures
6 5 (4.24%) Cyber Threat
6 5 (4.24%) Distributed Systems
6 5 (4.24%) Onboarding
7 4 (3.39%) Robotics
8 3 (2.54%) Greenfield Project
9 2 (1.69%) Derivative
10 1 (0.85%) Blockchain
10 1 (0.85%) Distributed Computing
10 1 (0.85%) Enterprise Software
10 1 (0.85%) Interest Rate Derivative
Operating Systems
1 27 (22.88%) Linux
2 6 (5.08%) Unix
3 1 (0.85%) Windows
3 1 (0.85%) Windows Server
Processes & Methodologies
1 57 (48.31%) Low Latency
2 43 (36.44%) Electronic Trading
3 36 (30.51%) Mathematics
4 34 (28.81%) Computer Science
5 26 (22.03%) Agile
6 24 (20.34%) DevOps
6 24 (20.34%) Multithreading
6 24 (20.34%) Software Engineering
7 21 (17.80%) Physics
8 20 (16.95%) Market Making
9 19 (16.10%) Concurrent Programming
9 19 (16.10%) Fintech
9 19 (16.10%) High-Frequency Trading
10 18 (15.25%) Backtesting
11 16 (13.56%) Asynchronous Programming
11 16 (13.56%) Dependency Injection
11 16 (13.56%) Microservices
11 16 (13.56%) Quantitative Trading
11 16 (13.56%) SOLID
12 15 (12.71%) Memory Management
Programming Languages
1 51 (43.22%) Java
2 35 (29.66%) Python
3 34 (28.81%) SQL
4 30 (25.42%) C#
5 28 (23.73%) C++
6 7 (5.93%) MATLAB
7 3 (2.54%) TypeScript
8 2 (1.69%) JavaScript
9 1 (0.85%) C
9 1 (0.85%) Go
9 1 (0.85%) Ruby
Qualifications
1 21 (17.80%) Degree
2 8 (6.78%) PhD
3 7 (5.93%) Computer Science Degree
4 5 (4.24%) Numerate Degree
5 4 (3.39%) BPSS Clearance
5 4 (3.39%) Security Cleared
6 3 (2.54%) Master's Degree
Quality Assurance & Compliance
1 17 (14.41%) QA
System Software
1 21 (17.80%) Docker
Systems Management
1 21 (17.80%) Kubernetes
Vendors
1 6 (5.08%) OpenAI
1 6 (5.08%) TIBCO
2 2 (1.69%) Solace
3 1 (0.85%) IBM
3 1 (0.85%) ION Trading
3 1 (0.85%) Microsoft
3 1 (0.85%) Oracle