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 18 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
18 May 2024
Same period 2023 Same period 2022
Rank 808 803 921
Rank change year-on-year -5 +118 -176
Permanent jobs citing Algorithmic Trading 82 174 329
As % of all permanent jobs advertised in the UK 0.082% 0.18% 0.20%
As % of the Processes & Methodologies category 0.096% 0.18% 0.21%
Number of salaries quoted 54 142 222
10th Percentile £53,250 £67,500 £50,000
25th Percentile £93,125 £85,000 £65,000
Median annual salary (50th Percentile) £140,000 £107,500 £103,750
Median % change year-on-year +30.23% +3.61% +15.28%
75th Percentile £155,000 £150,000 £140,000
90th Percentile £166,875 £180,000 £150,000
UK excluding London median annual salary £55,000 - £65,000
% change year-on-year - - +13.04%

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 85,135 94,784 153,905
As % of all permanent jobs advertised in the UK 85.22% 95.58% 95.76%
Number of salaries quoted 59,872 55,911 82,488
10th Percentile £29,089 £34,000 £33,635
25th Percentile £40,000 £45,000 £43,750
Median annual salary (50th Percentile) £55,000 £61,180 £60,000
Median % change year-on-year -10.10% +1.97% +9.09%
75th Percentile £72,500 £81,250 £80,000
90th Percentile £92,500 £100,000 £96,250
UK excluding London median annual salary £50,000 £55,000 £52,500
% change year-on-year -9.09% +4.76% +9.38%

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 18 May 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 18 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +3 82 £140,000 +27.27% 90
London +17 75 £150,000 +36.36% 88
Work from Home +72 30 £55,000 -35.29% 11
UK excluding London - 7 £55,000 - 22
South West - 4 £55,000 -
South East - 3 £85,000 - 21

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 (1.22%) MQSeries
1 1 (1.22%) SAS
Applications
1 6 (7.32%) Simulink
1 6 (7.32%) Stateflow
Business Applications
1 2 (2.44%) Towers Watson Igloo
Cloud Services
1 4 (4.88%) Azure
2 2 (2.44%) AWS
2 2 (2.44%) Azure DevOps
3 1 (1.22%) Azure Service Bus
3 1 (1.22%) Cloud Computing
3 1 (1.22%) GitHub
Database & Business Intelligence
1 3 (3.66%) KDB
1 3 (3.66%) Tick Data
2 1 (1.22%) NoSQL
2 1 (1.22%) Redis
2 1 (1.22%) Relational Database
2 1 (1.22%) SQL Server
Development Applications
1 1 (1.22%) Git
General
1 30 (36.59%) Front Office
2 28 (34.15%) Banking
2 28 (34.15%) Investment Banking
3 27 (32.93%) Finance
4 15 (18.29%) Social Skills
5 4 (4.88%) Financial Institution
5 4 (4.88%) Games
6 1 (1.22%) Analytical Skills
6 1 (1.22%) Back Office
6 1 (1.22%) Organisational Skills
6 1 (1.22%) Presentation Skills
Job Titles
1 60 (73.17%) Developer
2 34 (41.46%) Quantitative Developer
3 26 (31.71%) Java Developer
4 18 (21.95%) Electronic Trading Developer
4 18 (21.95%) Electronic Trading Java Developer
5 16 (19.51%) Software Engineer
6 12 (14.63%) C++ Developer
6 12 (14.63%) Java Quantitative Developer
7 10 (12.20%) C++ Quantitative Developer
7 10 (12.20%) Front Office Developer
8 7 (8.54%) Developer/Software Engineer
8 7 (8.54%) Senior
9 6 (7.32%) Java Engineer
9 6 (7.32%) Java Software Developer
9 6 (7.32%) Java Software Engineer
9 6 (7.32%) Python Developer
10 5 (6.10%) Senior Software Engineer
11 4 (4.88%) Machine Learning Developer
12 3 (3.66%) Algorithm Engineer
12 3 (3.66%) KDB Developer
Libraries, Frameworks & Software Standards
1 18 (21.95%) FIX Protocol
2 7 (8.54%) Kafka
2 7 (8.54%) Spring
3 6 (7.32%) PyTorch
3 6 (7.32%) Spring Boot
3 6 (7.32%) TensorFlow
4 5 (6.10%) .NET
4 5 (6.10%) Rendezvous
4 5 (6.10%) REST
5 4 (4.88%) Middleware
5 4 (4.88%) React
6 3 (3.66%) .NET Core
6 3 (3.66%) .NET Framework
6 3 (3.66%) AngularJS
6 3 (3.66%) ASP.NET
6 3 (3.66%) scikit-learn
7 2 (2.44%) ASP.NET Web API
7 2 (2.44%) LINQ
7 2 (2.44%) OpenCV
8 1 (1.22%) OAuth
Miscellaneous
1 28 (34.15%) Fixed Income
2 27 (32.93%) Algorithms
3 25 (30.49%) Foreign Exchange (FX)
4 22 (26.83%) Equities
5 17 (20.73%) Hedge funds
6 10 (12.20%) Data Structures
7 5 (6.10%) Distributed Systems
7 5 (6.10%) Onboarding
8 4 (4.88%) Robotics
9 2 (2.44%) Cloud Native
9 2 (2.44%) Enterprise Software
9 2 (2.44%) Greenfield Project
10 1 (1.22%) Blockchain
10 1 (1.22%) Cyber Threat
10 1 (1.22%) Distributed Computing
10 1 (1.22%) Renewable Energy
Operating Systems
1 17 (20.73%) Linux
2 2 (2.44%) Unix
3 1 (1.22%) Windows
3 1 (1.22%) Windows Server
Processes & Methodologies
1 31 (37.80%) Electronic Trading
2 28 (34.15%) Low Latency
3 27 (32.93%) Mathematics
4 24 (29.27%) Computer Science
5 22 (26.83%) Software Engineering
6 21 (25.61%) Market Making
7 18 (21.95%) Problem-Solving
8 14 (17.07%) High-Frequency Trading
8 14 (17.07%) Quantitative Trading
9 13 (15.85%) Machine Learning
9 13 (15.85%) Multithreading
10 11 (13.41%) Backtesting
10 11 (13.41%) Concurrent Programming
11 10 (12.20%) Physics
12 9 (10.98%) Memory Management
12 9 (10.98%) Quantitative Research
13 8 (9.76%) Decision-Making
14 7 (8.54%) End-to-End Testing
14 7 (8.54%) Quantitative Finance
14 7 (8.54%) Unit Testing
Programming Languages
1 38 (46.34%) Java
2 31 (37.80%) Python
3 21 (25.61%) C++
4 11 (13.41%) C#
4 11 (13.41%) SQL
5 7 (8.54%) MATLAB
6 5 (6.10%) TypeScript
7 2 (2.44%) Go
7 2 (2.44%) JavaScript
8 1 (1.22%) C
8 1 (1.22%) Ruby
8 1 (1.22%) Rust
Qualifications
1 17 (20.73%) Degree
2 9 (10.98%) PhD
3 4 (4.88%) BPSS Clearance
3 4 (4.88%) Security Cleared
4 2 (2.44%) Master's Degree
5 1 (1.22%) Computer Science Degree
5 1 (1.22%) Numerate Degree
Quality Assurance & Compliance
1 3 (3.66%) QA
System Software
1 9 (10.98%) Docker
Systems Management
1 9 (10.98%) Kubernetes
Vendors
1 6 (7.32%) OpenAI
2 5 (6.10%) TIBCO
3 2 (2.44%) Solace
4 1 (1.22%) IBM
4 1 (1.22%) ION Trading
4 1 (1.22%) Microsoft
4 1 (1.22%) Oracle