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 average contractor rates offered in IT contracts that have cited TWAP over the 3 months to 29 August 2014 with a comparison to the same period in 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.

Location
3 months to
29 Aug 2014
Same period 2013 Same period 2012
Time-Weighted Average Price (TWAP)
Rank 393 - 406
Rank change year-on-year
- 0
Contract jobs citing TWAP 21 0 1
As % of all contract IT jobs located in London 0.086% - 0.004%
As % of the Miscellaneous category 0.28% - 0.012%
Number of daily rates quoted 21 0 1
Average daily rate
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£650 - £475
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
7423 8071 8221
As % of all contract IT jobs located in London 30.51% 32.26% 31.56%
Number of daily rates quoted 4929 5559 5615
Average daily rate £450 £460 £475
Average daily rate % change year-on-year
-2.17% -3.15%
90% offered a daily rate of more than £280 £275 £275
10% offered a daily rate of more than £629 £629 £625
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 161 173 220
Average hourly rate £18.00 £20.00 £22.32
Average hourly rate % change year-on-year
-10.00% -10.39%
90% offered a hourly rate of more than £14.04 £13.20 £13.00
10% offered a hourly rate of more than £45.00 £47.00 £40.00
UK excluding London average hourly rate £19.00 £17.50 £29.00
% change year-on-year
+8.57% -39.65%

TWAP
Jobs Demand Trend in London

This chart provides a 3-month moving total of IT contractor jobs citing TWAP across the London region as a proportion of the total demand within 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
Top 18 Related IT Skills in London

For the 6 months to 29 August 2014, IT contractor jobs across the London region citing TWAP also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited TWAP.

1 21 (100.00%) Java
1 21 (100.00%) Foreign Exchange (FX)
1 21 (100.00%) VWAP
1 21 (100.00%) Algorithmic Trading
1 21 (100.00%) Multithreading
1 21 (100.00%) Low Latency
1 21 (100.00%) Performance Tuning
2 15 (71.43%) Banking
2 15 (71.43%) SQL
3 7 (33.33%) E-Commerce
3 7 (33.33%) TCP/IP
3 7 (33.33%) Finance
3 7 (33.33%) Multicast
3 7 (33.33%) Mathematics
4 1 (4.76%) Capacity Planning
4 1 (4.76%) Shell Script
4 1 (4.76%) UNIX
4 1 (4.76%) Linux

TWAP
Top Related IT Skills in London by Category

For the 6 months to 29 August 2014, IT contractor jobs across the London region citing TWAP also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited TWAP. Up to 20 skills are shown per category.

Communications & Networking
1 7 (33.33%) TCP/IP
1 7 (33.33%) Multicast
General
1 15 (71.43%) Banking
2 7 (33.33%) Finance
Job Titles
1 6 (28.57%) Java Developer
1 6 (28.57%) Developer
2 2 (9.52%) Lead Developer
2 2 (9.52%) Lead Java Developer
3 1 (4.76%) E-Commerce Specialist
Miscellaneous
1 21 (100.00%) Foreign Exchange (FX)
1 21 (100.00%) VWAP
2 7 (33.33%) Mathematics
Operating Systems
1 1 (4.76%) UNIX
1 1 (4.76%) Linux
Processes & Methodologies
1 21 (100.00%) Algorithmic Trading
1 21 (100.00%) Multithreading
1 21 (100.00%) Low Latency
1 21 (100.00%) Performance Tuning
2 7 (33.33%) E-Commerce
3 1 (4.76%) Capacity Planning
Programming Languages
1 21 (100.00%) Java
2 15 (71.43%) SQL
3 1 (4.76%) Shell Script
City, London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 2 days ago