Market Making Contracts

Market Maker
UK

The following table provides summary statistics for contract job vacancies with a requirement for Market Making skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Market Making over the 6 months to 9 June 2024 with a comparison to the same period in the previous 2 years.

6 months to
9 Jun 2024
Same period 2023 Same period 2022
Rank 600 590 818
Rank change year-on-year -10 +228 -126
Contract jobs citing Market Making 2 105 38
As % of all contract jobs advertised in the UK 0.005% 0.19% 0.043%
As % of the Processes & Methodologies category 0.005% 0.21% 0.048%
Number of daily rates quoted 0 101 37
10th Percentile - £550 £475
25th Percentile - £625 £588
Median daily rate (50th Percentile) - £725 £625
Median % change year-on-year - +16.00% +13.64%
75th Percentile - £806 £738
90th Percentile - £825 £758
UK excluding London median daily rate - - £473
% change year-on-year - - +52.42%

All Process and Methodology Skills
UK

Market Making 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.

Contract vacancies with a requirement for process or methodology skills 36,914 49,809 79,437
As % of all contract IT jobs advertised in the UK 85.21% 89.64% 90.63%
Number of daily rates quoted 23,592 34,469 55,846
10th Percentile £300 £325 £350
25th Percentile £413 £438 £435
Median daily rate (50th Percentile) £525 £550 £538
Median % change year-on-year -4.55% +2.33% +7.50%
75th Percentile £638 £650 £649
90th Percentile £750 £750 £743
UK excluding London median daily rate £500 £500 £490
% change year-on-year - +2.04% +8.89%
Number of hourly rates quoted 2,564 1,687 1,868
10th Percentile £12.75 £10.70 £12.50
25th Percentile £16.00 £15.75 £15.75
Median hourly rate £36.50 £35.80 £25.68
Median % change year-on-year +1.96% +39.41% +11.65%
75th Percentile £61.25 £65.00 £50.00
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £38.12 £35.00 £20.51
% change year-on-year +8.91% +70.69% -2.36%

Market Making
Job Vacancy Trend

Job postings citing Market Making as a proportion of all IT jobs advertised.

Job vacancy trend for Market Making in the UK

Market Making
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Market Making.

Daily rate trend for Market Making in the UK

Market Making
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 Market Making within the UK over the 6 months to 9 June 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
England -8 2 - - 52
London -19 2 - - 52

Market Making
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:

General
1 2 (100.00%) Banking
1 2 (100.00%) Investment Banking
Job Titles
1 2 (100.00%) Developer
2 1 (50.00%) Java Developer
2 1 (50.00%) Java Quantitative Developer
2 1 (50.00%) Junior
2 1 (50.00%) Junior Developer
2 1 (50.00%) Junior Python Developer
2 1 (50.00%) Python Developer
2 1 (50.00%) Quantitative Developer
Miscellaneous
1 1 (50.00%) Fixed Income
Operating Systems
1 1 (50.00%) Linux
Processes & Methodologies
1 1 (50.00%) Electronic Trading
1 1 (50.00%) Low Latency
1 1 (50.00%) Multithreading
1 1 (50.00%) OO
1 1 (50.00%) OOP
1 1 (50.00%) Test Strategy
Programming Languages
1 2 (100.00%) Python
2 1 (50.00%) C++
2 1 (50.00%) Java
2 1 (50.00%) SQL
Vendors
1 1 (50.00%) Oracle