The State of Trading & Markets Engineering
London + New York Edition (2026)
This research was created for leaders responsible for Trading, Markets, Data, Risk, and real-time engineering platforms operating under increasing volume, regulatory pressure, and hybrid skill scarcity.
You now have access to the research.
Includes the foreword, ‘At a Glance’ summary, all individual report sections, and the complete Volume 1 report
How to use this research.
This report has been structured to support selective reading, not linear consumption. Each section is designed to stand on its own, allowing you to focus on the areas most relevant to your role, responsibilities, or current planning priorities.
If you’re short on time, we recommend:
Starting with the Foreword to understand the intent, scope, and constraints of the research
Reviewing At a Glance for a concise view of the core market signals
Exploring individual sections aligned to your remit, such as market demand, talent scarcity, or leadership decision-making
All chapters are available as individual documents, as well as part of the complete Volume 1 report. This structure allows you to engage at depth without committing to the full report in one sitting.
What this report examines?
Volume 1 focuses on the current state of Trading and Markets engineering across London and New York, with specific attention to:
Structural demand for KDB, Python, Market Data, and real-time analytics capability
Why scarcity persists despite sustained hiring and investment
How front-office pressure, regulatory expectations, and platform complexity intersect
The implications for technology leaders planning for 2026 and beyond
The report is grounded in market intelligence, live hiring patterns, and delivery-side experience, rather than theoretical workforce models or generic skills commentary. The research is delivered via a structured DocSend space for ease of access. A preview is shown below - click to open the full research space.
Preview: Structure of the research space (click to open)About the research team
The insights in this report reflect:
Live engineering environments
Ongoing engagement with front-office and platform leadership
Practical exposure to modernisation, stability, and scaling challenges
This is not a theoretical view of the market. It reflects how these systems behave in practice, under real operational and regulatory constraints.
This research was produced by Caspian One’s Data & Analytics Practice.
We work inside Trading, Markets, Risk, and Market Data environments across global financial institutions, supporting teams where real-time systems, hybrid engineering capability, and delivery pressure intersect.
This is not a glossy marketing piece or a highlight reel. It is an honest, detailed, and practical look at what Trading and Markets teams are dealing with, what is driving demand, where capability gaps appear, and what leaders need to consider as they plan for the next year or two.
- From the Foreword
If this reflects what you’re seeing…
Many leaders use this research as a way to validate internal thinking, compare notes with peers, or sense-check how pressure is building across Trading and Markets technology teams.
If you would find it useful to talk through how these challenges are showing up in your environment, where capability gaps are beginning to affect delivery or platform stability, or how other organisations are approaching similar constraints, you are welcome to request a short, informal conversation with our Data & Analytics team.
No sales pitch. No obligation. A practical discussion grounded in real delivery environments.