Low Latency Contracts with Work from Home Options

Low Latency
UK > Work from Home

The table below provides summary statistics for contract job vacancies with an option to work from home (WFH) and a requirement for Low Latency skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Low Latency 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 279 268 431
Rank change year-on-year -11 +163 -76
Contract jobs citing Low Latency 64 204 201
As % of all contract jobs with a WFH option 0.43% 0.83% 0.46%
As % of the Processes & Methodologies category 0.49% 0.92% 0.50%
Number of daily rates quoted 53 176 145
10th Percentile £560 £481 £463
25th Percentile £600 £625 £550
Median daily rate (50th Percentile) £751 £750 £725
Median % change year-on-year +0.07% +3.45% +11.54%
75th Percentile £900 £863 £800
90th Percentile £1,240 £975 £875
UK median daily rate £751 £740 £750
% change year-on-year +1.42% -1.33% +11.11%
Number of hourly rates quoted 1 0 0
Median hourly rate £83.00 - -
UK median hourly rate £83.00 - -

All Process and Methodology Skills
Work from Home

Low Latency 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 WFH option and a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 13,003 22,075 40,116
As % of all contract jobs with a WFH option 87.92% 89.68% 91.10%
Number of daily rates quoted 8,720 15,632 29,130
10th Percentile £325 £363 £361
25th Percentile £425 £450 £432
Median daily rate (50th Percentile) £525 £543 £525
Median % change year-on-year -3.31% +3.43% +7.69%
75th Percentile £638 £650 £631
90th Percentile £750 £750 £725
UK median daily rate £525 £550 £530
% change year-on-year -4.55% +3.77% +8.16%
Number of hourly rates quoted 566 503 534
10th Percentile £14.94 £18.63 £14.08
25th Percentile £24.44 £26.68 £20.43
Median hourly rate £43.00 £52.50 £38.83
Median % change year-on-year -18.10% +35.21% +61.78%
75th Percentile £60.00 £68.75 £57.50
90th Percentile £75.00 £80.00 £71.75
UK median hourly rate £36.05 £35.65 £25.68
% change year-on-year +1.11% +38.82% +5.90%

Low Latency
Trend for Jobs with a WFH Option

Job vacancies with a work from home option citing Low Latency as a proportion of all IT jobs advertised.

Low Latency trend for jobs with a WFH option

Low Latency
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing Low Latency.

Low Latency daily rate for jobs with a WFH option

Low Latency
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Low Latency over the 6 months to 17 May 2024.

Low Latency daily rate histogram for jobs with a WFH option

Low Latency
Co-occurring Skills and Capabilities with WFH Options 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 3 (4.69%) Apache Spark
2 2 (3.13%) Ethereum
3 1 (1.56%) Apache
3 1 (1.56%) Hyperledger
3 1 (1.56%) MetaMask
3 1 (1.56%) MQSeries
3 1 (1.56%) Tomcat
3 1 (1.56%) WebSphere
Business Applications
1 3 (4.69%) RMDS
Cloud Services
1 4 (6.25%) Cloud Computing
2 1 (1.56%) Azure
2 1 (1.56%) OpenShift
Communications & Networking
1 8 (12.50%) Firewall
2 4 (6.25%) InfiniBand
2 4 (6.25%) Network Security
Database & Business Intelligence
1 4 (6.25%) KDB
2 3 (4.69%) Big Data
3 2 (3.13%) Hadoop
4 1 (1.56%) Apache Hive
4 1 (1.56%) Data Warehouse
4 1 (1.56%) Elasticsearch
4 1 (1.56%) Flink
4 1 (1.56%) HBase
4 1 (1.56%) MongoDB
4 1 (1.56%) PostgreSQL
4 1 (1.56%) Relational Database
4 1 (1.56%) SQL Server
Development Applications
1 1 (1.56%) Cypress.io
1 1 (1.56%) Git
1 1 (1.56%) Visual Studio Code
General
1 37 (57.81%) Finance
2 14 (21.88%) Banking
2 14 (21.88%) Front Office
3 7 (10.94%) Social Skills
4 5 (7.81%) Investment Banking
5 4 (6.25%) Manufacturing
6 1 (1.56%) Analytical Skills
6 1 (1.56%) Financial Institution
6 1 (1.56%) Inclusion and Diversity
Job Titles
1 36 (56.25%) Developer
2 15 (23.44%) Java Developer
2 15 (23.44%) Senior
3 12 (18.75%) Network Engineer
4 11 (17.19%) Senior Developer
5 10 (15.63%) C++ Developer
5 10 (15.63%) Senior Java Developer
6 9 (14.06%) Software Engineer
7 8 (12.50%) Low Latency C++ Developer
8 5 (7.81%) Java Engineer
9 4 (6.25%) Cisco Engineer
9 4 (6.25%) Cisco Network Engineer
9 4 (6.25%) Java Software Engineer
9 4 (6.25%) Senior Network Engineer
10 3 (4.69%) Front Office Developer
11 2 (3.13%) Electronic Trading Developer
11 2 (3.13%) Electronic Trading Java Developer
12 1 (1.56%) Data Engineer
12 1 (1.56%) Java Pricing Developer
12 1 (1.56%) Low Latency Java Developer
Libraries, Frameworks & Software Standards
1 11 (17.19%) FIX Protocol
2 7 (10.94%) React
3 4 (6.25%) HTML
3 4 (6.25%) HTML5
4 3 (4.69%) .NET
4 3 (4.69%) Kafka
4 3 (4.69%) Spring
4 3 (4.69%) WPF
5 2 (3.13%) Smart Contracts
5 2 (3.13%) Ultra Messaging
5 2 (3.13%) XML
6 1 (1.56%) .NET Core
6 1 (1.56%) CSS
6 1 (1.56%) CSS3
6 1 (1.56%) Elastic Stack
6 1 (1.56%) Rendezvous
6 1 (1.56%) Ruby on Rails
6 1 (1.56%) Spark Streaming
6 1 (1.56%) Truffle
6 1 (1.56%) web3js
Miscellaneous
1 11 (17.19%) Algorithms
2 9 (14.06%) Derivative
2 9 (14.06%) Foreign Exchange (FX)
2 9 (14.06%) Greenfield Project
3 8 (12.50%) Equity Derivative
3 8 (12.50%) Hedge funds
4 7 (10.94%) Fixed Income
5 4 (6.25%) Distributed Systems
5 4 (6.25%) Equities
6 2 (3.13%) Blockchain
6 2 (3.13%) Data Structures
7 1 (1.56%) Cloud Native
7 1 (1.56%) Market Risk
7 1 (1.56%) PKI
7 1 (1.56%) Self-Motivation
Operating Systems
1 2 (3.13%) Linux
2 1 (1.56%) Unix
Processes & Methodologies
1 21 (32.81%) Algorithmic Trading
2 18 (28.13%) Electronic Trading
3 13 (20.31%) Software Engineering
4 11 (17.19%) Fintech
5 9 (14.06%) Analytics
6 8 (12.50%) Agile
6 8 (12.50%) Multithreading
6 8 (12.50%) Systematic Trading
7 6 (9.38%) Computer Science
8 5 (7.81%) High Availability
9 4 (6.25%) Backtesting
9 4 (6.25%) Incident Management
9 4 (6.25%) Investment Management
9 4 (6.25%) Knowledge Transfer
9 4 (6.25%) Network Design
9 4 (6.25%) Network Optimisation
9 4 (6.25%) TDD
10 3 (4.69%) Automated Trading
10 3 (4.69%) High-Frequency Trading
10 3 (4.69%) Problem-Solving
Programming Languages
1 23 (35.94%) Java
2 12 (18.75%) C++
3 11 (17.19%) Python
4 5 (7.81%) C#
5 4 (6.25%) JavaScript
5 4 (6.25%) Perl
5 4 (6.25%) Scala
6 2 (3.13%) Bash
6 2 (3.13%) PowerShell
6 2 (3.13%) Solidity
7 1 (1.56%) Jython
7 1 (1.56%) PHP
7 1 (1.56%) Ruby
7 1 (1.56%) SQL
7 1 (1.56%) TypeScript
Qualifications
1 18 (28.13%) Cisco Certification
2 14 (21.88%) CCNA
3 11 (17.19%) Degree
4 8 (12.50%) CCNP
5 5 (7.81%) Computer Science Degree
6 4 (6.25%) CCIE
7 1 (1.56%) DV Cleared
7 1 (1.56%) Master's Degree
7 1 (1.56%) Security Cleared
System Software
1 1 (1.56%) Docker
1 1 (1.56%) HDFS
Systems Management
1 4 (6.25%) Ansible
2 2 (3.13%) ITRS Geneos
3 1 (1.56%) Hadoop YARN
3 1 (1.56%) Kubernetes
3 1 (1.56%) Oozie
Vendors
1 18 (28.13%) Cisco
2 9 (14.06%) ION Trading
3 8 (12.50%) CheckPoint
3 8 (12.50%) F5
3 8 (12.50%) Fortinet
4 6 (9.38%) Solace
5 4 (6.25%) Arista
5 4 (6.25%) Palo Alto
5 4 (6.25%) Riverbed
5 4 (6.25%) SolarWinds
6 3 (4.69%) TIBCO
7 1 (1.56%) Databricks
7 1 (1.56%) IBM
7 1 (1.56%) Oracle