Algorithmic Trading Contracts in London

Algo Trading
England > London

The following table provides summary statistics for contract job vacancies advertised in London with a requirement for Algorithmic Trading skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Algorithmic Trading over the 6 months to 17 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
17 May 2024
Same period 2023 Same period 2022
Rank 331 338 459
Rank change year-on-year +7 +121 -108
Contract jobs citing Algorithmic Trading 64 143 149
As % of all contract jobs advertised in London 0.37% 0.55% 0.39%
As % of the Processes & Methodologies category 0.41% 0.61% 0.42%
Number of daily rates quoted 59 131 129
10th Percentile £625 £525 £525
25th Percentile £750 £538 £625
Median daily rate (50th Percentile) £950 £650 £750
Median % change year-on-year +46.15% -13.33% +1.69%
75th Percentile £1,250 £788 £900
90th Percentile - £1,000 £950
England median daily rate £938 £650 £750
% change year-on-year +44.23% -13.33% +1.69%

All Process and Methodology Skills
London

Algorithmic Trading 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 advertised in London with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 15,495 23,478 35,602
As % of all contract IT jobs advertised in London 88.66% 90.88% 92.33%
Number of daily rates quoted 11,110 16,936 26,017
10th Percentile £343 £375 £388
25th Percentile £450 £475 £475
Median daily rate (50th Percentile) £550 £593 £575
Median % change year-on-year -7.17% +3.04% +9.52%
75th Percentile £681 £700 £688
90th Percentile £800 £800 £775
England median daily rate £525 £550 £540
% change year-on-year -4.55% +1.85% +8.00%
Number of hourly rates quoted 307 270 417
10th Percentile £15.77 £18.50 £17.25
25th Percentile £20.00 £22.50 £23.91
Median hourly rate £27.84 £38.25 £37.50
Median % change year-on-year -27.22% +2.00% +15.38%
75th Percentile £48.75 £63.94 £51.48
90th Percentile £66.85 £82.28 £68.75
England median hourly rate £36.50 £36.25 £25.00
% change year-on-year +0.69% +45.00% +7.94%

Algorithmic Trading
Job Vacancy Trend in London

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

Job vacancy trend for Algorithmic Trading in London

Algorithmic Trading
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing Algorithmic Trading in London.

Daily rate trend for Algorithmic Trading in London

Algorithmic Trading
Daily Rate Histogram in London

Daily rate distribution for jobs citing Algorithmic Trading in London over the 6 months to 17 May 2024.

Daily rate histogram for Algorithmic Trading in London

Algorithmic Trading
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Algorithmic Trading within the London region over the 6 months to 17 May 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
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
Central London +51 9 £971 +52.24% 3
East London - 2 £850 - 4
Algorithmic Trading
England

Algorithmic Trading
Co-occurring Skills and Capabilities in London 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 2 (3.13%) SAS
2 1 (1.56%) MQSeries
Business Applications
1 2 (3.13%) Fidessa
2 1 (1.56%) Endur
Cloud Services
1 1 (1.56%) AWS
1 1 (1.56%) Azure
1 1 (1.56%) Azure DevOps
1 1 (1.56%) GitHub
Communications & Networking
1 2 (3.13%) FIX Connectivity
Database & Business Intelligence
1 7 (10.94%) KDB
2 2 (3.13%) Relational Database
3 1 (1.56%) Flink
3 1 (1.56%) PostgreSQL
Development Applications
1 2 (3.13%) Bitbucket
1 2 (3.13%) Gradle
1 2 (3.13%) IntelliJ
1 2 (3.13%) JIRA
1 2 (3.13%) TeamCity
2 1 (1.56%) Git
General
1 27 (42.19%) Banking
1 27 (42.19%) Finance
2 23 (35.94%) Investment Banking
3 7 (10.94%) Front Office
4 2 (3.13%) Analytical Skills
4 2 (3.13%) Social Skills
5 1 (1.56%) Financial Institution
Job Titles
1 45 (70.31%) Developer
2 19 (29.69%) Java Developer
3 16 (25.00%) Quantitative Developer
4 15 (23.44%) Electronic Trading Developer
4 15 (23.44%) Electronic Trading Java Developer
5 13 (20.31%) Java Quantitative Developer
6 11 (17.19%) C++ Developer
7 8 (12.50%) Low Latency C++ Developer
8 5 (7.81%) KDB Developer
9 3 (4.69%) Algorithmic Trading Developer
9 3 (4.69%) Analyst
9 3 (4.69%) C++ Quantitative Developer
9 3 (4.69%) Exchange Support
9 3 (4.69%) Java Developer - Algorithmic Trading
9 3 (4.69%) Senior
9 3 (4.69%) Senior Developer
10 2 (3.13%) Electronic Trading Support
10 2 (3.13%) Fidessa Support
10 2 (3.13%) Investment Banking Java Developer
10 2 (3.13%) Unix Support
Libraries, Frameworks & Software Standards
1 32 (50.00%) FIX Protocol
2 5 (7.81%) XML
3 3 (4.69%) Ultra Messaging
4 2 (3.13%) JSON
4 2 (3.13%) REST
5 1 (1.56%) .NET
5 1 (1.56%) Kafka
5 1 (1.56%) RabbitMQ
5 1 (1.56%) Rendezvous
5 1 (1.56%) Spring
5 1 (1.56%) Vue
Miscellaneous
1 21 (32.81%) Fixed Income
2 19 (29.69%) Derivative
3 16 (25.00%) Algorithms
4 11 (17.19%) Hedge funds
5 8 (12.50%) Equity Derivative
6 6 (9.38%) Foreign Exchange (FX)
7 4 (6.25%) Equities
8 2 (3.13%) Data Structures
8 2 (3.13%) Enterprise Software
8 2 (3.13%) Virtual Team
9 1 (1.56%) Distributed Systems
9 1 (1.56%) Greenfield Project
9 1 (1.56%) Reinsurance
Operating Systems
1 10 (15.63%) Linux
2 5 (7.81%) Unix
Processes & Methodologies
1 35 (54.69%) Low Latency
2 33 (51.56%) Electronic Trading
3 14 (21.88%) Analytics
4 9 (14.06%) High Availability
4 9 (14.06%) Systematic Trading
5 8 (12.50%) Capacity Management
5 8 (12.50%) Change Management
5 8 (12.50%) Incident Management
6 7 (10.94%) Agile
7 6 (9.38%) Computer Science
7 6 (9.38%) Multithreading
8 5 (7.81%) Problem-Solving
8 5 (7.81%) Test Automation
9 4 (6.25%) Risk Management
10 3 (4.69%) Automated Trading
10 3 (4.69%) Backtesting
10 3 (4.69%) CI/CD
10 3 (4.69%) OO
10 3 (4.69%) Order Management
11 2 (3.13%) Design Patterns
Programming Languages
1 23 (35.94%) Java
2 13 (20.31%) C++
3 7 (10.94%) Python
4 4 (6.25%) SQL
5 3 (4.69%) Perl
5 3 (4.69%) PowerShell
6 2 (3.13%) C#
7 1 (1.56%) Scala
Qualifications
1 11 (17.19%) CCNA
1 11 (17.19%) Cisco Certification
2 5 (7.81%) Degree
3 1 (1.56%) Computer Science Degree
3 1 (1.56%) Master's Degree
Quality Assurance & Compliance
1 1 (1.56%) QA
System Software
1 1 (1.56%) Docker
Systems Management
1 11 (17.19%) ITRS Geneos
2 1 (1.56%) Kubernetes
2 1 (1.56%) Terraform
Vendors
1 11 (17.19%) Cisco
2 4 (6.25%) Solace
2 4 (6.25%) TIBCO
3 2 (3.13%) ION Trading
4 1 (1.56%) IBM
4 1 (1.56%) Microsoft
4 1 (1.56%) Oracle