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

6 months to
20 May 2024
Same period 2023 Same period 2022
Rank 806 800 920
Rank change year-on-year -6 +120 -158
Permanent jobs citing Algorithmic Trading 78 175 331
As % of all permanent jobs advertised in the UK 0.078% 0.18% 0.20%
As % of the Processes & Methodologies category 0.092% 0.18% 0.21%
Number of salaries quoted 50 142 223
10th Percentile £50,375 £67,500 £50,000
25th Percentile £86,875 £85,000 £65,000
Median annual salary (50th Percentile) £140,000 £107,500 £100,000
Median % change year-on-year +30.23% +7.50% +11.11%
75th Percentile £153,750 £150,000 £140,000
90th Percentile £163,125 £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 85,108 95,066 155,930
As % of all permanent jobs advertised in the UK 85.18% 95.58% 95.78%
Number of salaries quoted 59,794 56,135 83,138
10th Percentile £29,071 £34,000 £33,645
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% +10.53%

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 20 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 20 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 -7 78 £140,000 +27.27% 91
London +13 71 £140,000 +27.27% 90
Work from Home +83 30 £55,000 -35.29% 15
UK excluding London - 7 £55,000 - 23
South West - 4 £55,000 -
South East - 3 £85,000 - 22

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 (1.28%) MQSeries
1 1 (1.28%) SAS
Applications
1 6 (7.69%) Simulink
1 6 (7.69%) Stateflow
Business Applications
1 2 (2.56%) Towers Watson Igloo
Cloud Services
1 3 (3.85%) Azure
2 2 (2.56%) AWS
3 1 (1.28%) Azure DevOps
3 1 (1.28%) Azure Service Bus
3 1 (1.28%) Cloud Computing
3 1 (1.28%) GitHub
Database & Business Intelligence
1 3 (3.85%) KDB
2 2 (2.56%) Tick Data
3 1 (1.28%) NoSQL
3 1 (1.28%) Redis
3 1 (1.28%) Relational Database
3 1 (1.28%) SQL Server
Development Applications
1 1 (1.28%) Git
General
1 30 (38.46%) Front Office
2 26 (33.33%) Banking
2 26 (33.33%) Finance
2 26 (33.33%) Investment Banking
3 15 (19.23%) Social Skills
4 4 (5.13%) Financial Institution
4 4 (5.13%) Games
5 1 (1.28%) Analytical Skills
5 1 (1.28%) Back Office
5 1 (1.28%) Organisational Skills
5 1 (1.28%) Presentation Skills
Job Titles
1 57 (73.08%) Developer
2 33 (42.31%) Quantitative Developer
3 25 (32.05%) Java Developer
4 18 (23.08%) Electronic Trading Developer
4 18 (23.08%) Electronic Trading Java Developer
5 16 (20.51%) Software Engineer
6 12 (15.38%) Java Quantitative Developer
7 11 (14.10%) C++ Developer
8 10 (12.82%) C++ Quantitative Developer
8 10 (12.82%) Front Office Developer
9 7 (8.97%) Developer/Software Engineer
9 7 (8.97%) Senior
10 6 (7.69%) Java Engineer
10 6 (7.69%) Java Software Developer
10 6 (7.69%) Java Software Engineer
10 6 (7.69%) Python Developer
11 5 (6.41%) Senior Software Engineer
12 4 (5.13%) Machine Learning Developer
13 3 (3.85%) Algorithm Engineer
13 3 (3.85%) KDB Developer
Libraries, Frameworks & Software Standards
1 18 (23.08%) FIX Protocol
2 7 (8.97%) Kafka
2 7 (8.97%) Spring
3 6 (7.69%) PyTorch
3 6 (7.69%) Spring Boot
3 6 (7.69%) TensorFlow
4 5 (6.41%) .NET
4 5 (6.41%) Rendezvous
4 5 (6.41%) REST
5 4 (5.13%) Middleware
5 4 (5.13%) React
6 3 (3.85%) .NET Core
6 3 (3.85%) .NET Framework
6 3 (3.85%) AngularJS
6 3 (3.85%) ASP.NET
6 3 (3.85%) scikit-learn
7 2 (2.56%) ASP.NET Web API
7 2 (2.56%) LINQ
7 2 (2.56%) OpenCV
8 1 (1.28%) Pandas
Miscellaneous
1 27 (34.62%) Algorithms
1 27 (34.62%) Fixed Income
2 22 (28.21%) Foreign Exchange (FX)
3 20 (25.64%) Equities
4 16 (20.51%) Hedge funds
5 10 (12.82%) Data Structures
6 5 (6.41%) Distributed Systems
6 5 (6.41%) Onboarding
7 4 (5.13%) Robotics
8 2 (2.56%) Cloud Native
8 2 (2.56%) Enterprise Software
8 2 (2.56%) Greenfield Project
9 1 (1.28%) Blockchain
9 1 (1.28%) Cyber Threat
9 1 (1.28%) Distributed Computing
9 1 (1.28%) Renewable Energy
Operating Systems
1 15 (19.23%) Linux
2 1 (1.28%) Unix
2 1 (1.28%) Windows
2 1 (1.28%) Windows Server
Processes & Methodologies
1 31 (39.74%) Electronic Trading
2 25 (32.05%) Low Latency
3 24 (30.77%) Mathematics
4 22 (28.21%) Software Engineering
5 21 (26.92%) Computer Science
5 21 (26.92%) Market Making
6 18 (23.08%) Problem-Solving
7 14 (17.95%) High-Frequency Trading
8 13 (16.67%) Machine Learning
8 13 (16.67%) Quantitative Trading
9 10 (12.82%) Multithreading
10 9 (11.54%) Quantitative Research
11 8 (10.26%) Backtesting
11 8 (10.26%) Concurrent Programming
11 8 (10.26%) Decision-Making
12 7 (8.97%) Deep Learning
12 7 (8.97%) Physics
12 7 (8.97%) Quantitative Finance
12 7 (8.97%) Statistical Modelling
12 7 (8.97%) Validation
Programming Languages
1 36 (46.15%) Java
2 31 (39.74%) Python
3 20 (25.64%) C++
4 10 (12.82%) C#
4 10 (12.82%) SQL
5 7 (8.97%) MATLAB
6 5 (6.41%) TypeScript
7 2 (2.56%) Go
7 2 (2.56%) JavaScript
8 1 (1.28%) C
8 1 (1.28%) Ruby
8 1 (1.28%) Rust
Qualifications
1 17 (21.79%) Degree
2 9 (11.54%) PhD
3 4 (5.13%) BPSS Clearance
3 4 (5.13%) Security Cleared
4 2 (2.56%) Master's Degree
5 1 (1.28%) Computer Science Degree
5 1 (1.28%) Numerate Degree
Quality Assurance & Compliance
1 3 (3.85%) QA
System Software
1 9 (11.54%) Docker
Systems Management
1 9 (11.54%) Kubernetes
Vendors
1 6 (7.69%) OpenAI
2 5 (6.41%) TIBCO
3 2 (2.56%) Solace
4 1 (1.28%) IBM
4 1 (1.28%) ION Trading
4 1 (1.28%) Microsoft
4 1 (1.28%) Oracle