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 23 February 2017 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
23 Feb 2017
Same period 2016 Same period 2015
Time-Weighted Average Price (TWAP)
England / London
Rank 399 - 414
Rank change year-on-year
- 0
Contract jobs citing TWAP 3 0 1
As % of all contract IT jobs located in London 0.016% - 0.005%
As % of the Miscellaneous category 0.045% - 0.013%
Number of daily rates quoted 3 0 1
Median daily rate £725 - £675
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
6627 7393 7527
As % of all contract IT jobs located in London 34.26% 34.48% 35.08%
Number of daily rates quoted 4595 5187 5225
Median daily rate £500 £475 £450
Median daily rate % change year-on-year
+5.26% +5.55%
90% offered a daily rate of more than £313 £288 £290
10% offered a daily rate of more than £650 £650 £625
UK excluding London median daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 122 121 143
Median hourly rate £25.25 £20.00 £20.00
Median hourly rate % change year-on-year
+26.25% -
90% offered a hourly rate of more than £13.00 £12.85 £13.00
10% offered a hourly rate of more than £55.00 £35.18 £36.30
UK excluding London median hourly rate £17.50 £22.54 £18.00
% change year-on-year
-22.36% +25.22%

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 23 February 2017.

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 23 February 2017. 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 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 - 1 £750 - 1
TWAP
England

TWAP
Top 30 Related IT Skills in London

For the 6 months to 23 February 2017, 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 8 (100.00%) VWAP
1 8 (100.00%) Electronic Trading
1 8 (100.00%) Low Latency
2 7 (87.50%) Algorithmic Trading
3 6 (75.00%) Banking
4 5 (62.50%) Multithreading
4 5 (62.50%) Java
4 5 (62.50%) Finance
4 5 (62.50%) Algorithms
5 4 (50.00%) Concurrent Programming
5 4 (50.00%) Performance Tuning
5 4 (50.00%) Multicast
5 4 (50.00%) Multithreaded Programming
5 4 (50.00%) TCP/IP
5 4 (50.00%) Foreign Exchange (FX)
6 3 (37.50%) MATLAB
6 3 (37.50%) C#
6 3 (37.50%) SQL
6 3 (37.50%) .NET
6 3 (37.50%) Oracle
6 3 (37.50%) Investment Banking
6 3 (37.50%) Financial Modelling
6 3 (37.50%) R
6 3 (37.50%) Machine Learning
7 2 (25.00%) Analytical Skills
7 2 (25.00%) TDD
7 2 (25.00%) E-Commerce
8 1 (12.50%) C++
8 1 (12.50%) Scrum
8 1 (12.50%) Equities

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 4 (50.00%) Multicast
1 4 (50.00%) TCP/IP
Database & Business Intelligence
1 1 (12.50%) KDB
1 1 (12.50%) Kdb+
1 1 (12.50%) Tick Data
General
1 6 (75.00%) Banking
2 5 (62.50%) Finance
3 3 (37.50%) Investment Banking
Job Titles
1 8 (100.00%) Developer
2 5 (62.50%) Java Developer
2 5 (62.50%) Senior Developer
2 5 (62.50%) Senior Java Developer
3 3 (37.50%) .NET Developer
3 3 (37.50%) C# .NET Developer
3 3 (37.50%) C# Developer
3 3 (37.50%) C# Developer - Electronic Trading
3 3 (37.50%) Electronic Trading Developer
3 3 (37.50%) Java Pricing Developer
3 3 (37.50%) SQL Developer
4 1 (12.50%) Applications Developer
4 1 (12.50%) Java Applications Developer
4 1 (12.50%) Low Latency Java Developer
4 1 (12.50%) Pricing Specialist
4 1 (12.50%) Senior Applications Developer
4 1 (12.50%) Senior Data Warehouse Specialist
4 1 (12.50%) Senior Java Applications Developer
Libraries, Frameworks & Software Standards
1 3 (37.50%) .NET
Miscellaneous
1 8 (100.00%) VWAP
2 5 (62.50%) Algorithms
3 4 (50.00%) Foreign Exchange (FX)
4 2 (25.00%) Analytical Skills
5 1 (12.50%) Enterprise Software
5 1 (12.50%) Equities
5 1 (12.50%) Field-Programmable Gate Array
5 1 (12.50%) Fintech
Processes & Methodologies
1 8 (100.00%) Electronic Trading
1 8 (100.00%) Low Latency
2 7 (87.50%) Algorithmic Trading
3 5 (62.50%) Multithreading
4 4 (50.00%) Concurrent Programming
4 4 (50.00%) Multithreaded Programming
4 4 (50.00%) Performance Tuning
5 3 (37.50%) Financial Modelling
5 3 (37.50%) Machine Learning
6 2 (25.00%) E-Commerce
6 2 (25.00%) TDD
7 1 (12.50%) Agile Software Development
7 1 (12.50%) Analytics
7 1 (12.50%) BDD
7 1 (12.50%) Capacity Planning
7 1 (12.50%) Continuous Integration
7 1 (12.50%) Data Management
7 1 (12.50%) Index Arbitrage
7 1 (12.50%) Mathematics
7 1 (12.50%) Scrum
Programming Languages
1 5 (62.50%) Java
2 3 (37.50%) C#
2 3 (37.50%) MATLAB
2 3 (37.50%) R
2 3 (37.50%) SQL
3 1 (12.50%) C++
Vendors
1 3 (37.50%) Oracle
City, London
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