The table below looks at the prevalence of the term TWAP in IT contracts advertised for the London region. Included is a guide to the contractor rates offered in IT contracts that have cited TWAP over the 3 months to 30 September 2016 with a comparison to the same period over the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

3 months to
30 Sep 2016
Same period 2015 Same period 2014
Time-Weighted Average Price (TWAP)
Rank 421 445 420
Rank change year-on-year
+24 -25
Contract jobs citing TWAP 9 1 17
As % of all contract IT jobs located in London 0.039% 0.004% 0.069%
As % of the Miscellaneous category 0.11% 0.011% 0.18%
Number of daily rates quoted 9 0 17
Median daily rate £605 - £650
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
TWAP
England

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the London region.

Miscellaneous Category
London
Contract IT job ads with a match in the
Miscellaneous category
8213 8733 9254
As % of all contract IT jobs located in London 35.99% 37.50% 37.50%
Number of daily rates quoted 5761 6030 6326
Median daily rate £475 £475 £450
Median daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £300 £280 £275
10% offered a daily rate of more than £650 £650 £625
UK excluding London median daily rate £375 £380 £350
% change year-on-year
-1.31% +8.57%
Number of hourly rates quoted 131 161 211
Median hourly rate £17.25 £20.00 £19.00
Median hourly rate % change year-on-year
-13.75% +5.26%
90% offered a hourly rate of more than £12.00 £12.00 £13.09
10% offered a hourly rate of more than £42.58 £43.50 £45.00
UK excluding London median hourly rate £21.16 £19.00 £17.50
% change year-on-year
+11.34% +8.57%

TWAP
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing TWAP as a proportion of all IT contracts with a match in the Miscellaneous category.

TWAP Jobs Demand Trend in London

TWAP
Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing TWAP across the London region.

TWAP Daily Rate Trend in London

TWAP
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing TWAP across the London region over the 3 months to 30 September 2016.

TWAP Daily Rate Histogram in London

TWAP
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing TWAP within the London region over the 3 months to 30 September 2016. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +16 1 £525 -
TWAP
England

TWAP
Top 30 Related IT Skills in London

For the 6 months to 30 September 2016, IT contractor jobs citing TWAP also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for TWAP.

1 9 (100.00%) Finance
1 9 (100.00%) VWAP
1 9 (100.00%) Electronic Trading
1 9 (100.00%) Low Latency
2 8 (88.89%) Algorithmic Trading
3 7 (77.78%) Financial Modelling
3 7 (77.78%) Algorithms
3 7 (77.78%) C#
3 7 (77.78%) .NET
4 6 (66.67%) Banking
4 6 (66.67%) MATLAB
4 6 (66.67%) Machine Learning
5 5 (55.56%) Investment Banking
6 4 (44.44%) Oracle
6 4 (44.44%) SQL
6 4 (44.44%) R
7 3 (33.33%) Unix
7 3 (33.33%) Linux
8 2 (22.22%) Java
8 2 (22.22%) Front Office
8 2 (22.22%) TDD
8 2 (22.22%) Statistics
8 2 (22.22%) Multithreading
8 2 (22.22%) Analytical Skills
9 1 (11.11%) Kdb+
9 1 (11.11%) Fintech
9 1 (11.11%) Performance Tuning
9 1 (11.11%) Multicast
9 1 (11.11%) Analytics
9 1 (11.11%) Enterprise Software

TWAP
Top Related IT Skills in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Communications & Networking
1 1 (11.11%) Multicast
1 1 (11.11%) TCP/IP
Database & Business Intelligence
1 1 (11.11%) KDB
1 1 (11.11%) Kdb+
1 1 (11.11%) Tick Data
General
1 9 (100.00%) Finance
2 6 (66.67%) Banking
3 5 (55.56%) Investment Banking
4 2 (22.22%) Front Office
Job Titles
1 9 (100.00%) Developer
2 7 (77.78%) C# Developer
3 5 (55.56%) .NET Developer
3 5 (55.56%) C# .NET Developer
3 5 (55.56%) C# Developer - Electronic Trading
3 5 (55.56%) Electronic Trading Developer
4 4 (44.44%) SQL Developer
5 2 (22.22%) Java Developer
5 2 (22.22%) Senior Developer
5 2 (22.22%) Senior Java Developer
6 1 (11.11%) Applications Developer
6 1 (11.11%) Front Office Developer
6 1 (11.11%) Java Applications Developer
6 1 (11.11%) Pricing Specialist
6 1 (11.11%) Senior Applications Developer
6 1 (11.11%) Senior Data Warehouse Specialist
6 1 (11.11%) Senior Java Applications Developer
6 1 (11.11%) Systems Developer
Libraries, Frameworks & Software Standards
1 7 (77.78%) .NET
Miscellaneous
1 9 (100.00%) VWAP
2 7 (77.78%) Algorithms
3 2 (22.22%) Analytical Skills
3 2 (22.22%) Statistics
4 1 (11.11%) Enterprise Software
4 1 (11.11%) Equities
4 1 (11.11%) Field-Programmable Gate Array
4 1 (11.11%) Fintech
4 1 (11.11%) Foreign Exchange (FX)
4 1 (11.11%) Index Arbitrage
4 1 (11.11%) Performance Metrics
4 1 (11.11%) Pricing Data
Operating Systems
1 3 (33.33%) Linux
1 3 (33.33%) Unix
Processes & Methodologies
1 9 (100.00%) Electronic Trading
1 9 (100.00%) Low Latency
2 8 (88.89%) Algorithmic Trading
3 7 (77.78%) Financial Modelling
4 6 (66.67%) Machine Learning
5 2 (22.22%) Multithreading
5 2 (22.22%) TDD
6 1 (11.11%) Agile Software Development
6 1 (11.11%) Analytics
6 1 (11.11%) BDD
6 1 (11.11%) Capacity Planning
6 1 (11.11%) Concurrent Programming
6 1 (11.11%) Continuous Integration
6 1 (11.11%) Data Management
6 1 (11.11%) E-Commerce
6 1 (11.11%) Performance Tuning
6 1 (11.11%) Scrum
Programming Languages
1 7 (77.78%) C#
2 6 (66.67%) MATLAB
3 4 (44.44%) R
3 4 (44.44%) SQL
4 2 (22.22%) Java
5 1 (11.11%) C++
Vendors
1 4 (44.44%) Oracle