The table below looks at the prevalence of the term TWAP in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited TWAP over the 3 months to 25 August 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
25 Aug 2016
Same period 2015 Same period 2014
Time-Weighted Average Price (TWAP)
Rank 646 654 617
Rank change year-on-year
+8 -37
Contract jobs citing TWAP 4 1 18
As % of all contract IT jobs located in the UK 0.007% 0.002% 0.032%
As % of the Miscellaneous category 0.022% 0.005% 0.097%
Number of daily rates quoted 4 0 18
Median daily rate £610 - £650
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 across the UK.

Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
18103 18932 18533
As % of all contract IT jobs located in the UK 33.37% 32.40% 32.88%
Number of daily rates quoted 11707 11906 11111
Median daily rate £425 £425 £400
Median daily rate % change year-on-year
- +6.25%
90% offered a daily rate of more than £250 £250 £240
10% offered a daily rate of more than £600 £615 £600
UK excluding London median daily rate £376 £375 £350
% change year-on-year
+0.13% +7.14%
Number of hourly rates quoted 678 757 774
Median hourly rate £21.00 £20.00 £18.70
Median hourly rate % change year-on-year
+5.00% +6.95%
90% offered a hourly rate of more than £11.72 £12.00 £12.42
10% offered a hourly rate of more than £45.00 £46.50 £43.98
UK excluding London median hourly rate £22.50 £19.29 £18.75
% change year-on-year
+16.64% +2.88%

TWAP
Jobs Demand Trend

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

TWAP Jobs Demand Trend in the UK

TWAP
Daily Rate Trend

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

TWAP Daily Rate Trend in the UK

TWAP
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing TWAP within the UK over the 3 months to 25 August 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
England -3 4 £610 - 1
London -10 4 £610 - 1

TWAP
Top 21 Related IT Skills

For the 6 months to 25 August 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 with a requirement for TWAP.

1 4 (100.00%) C#
1 4 (100.00%) .NET
1 4 (100.00%) Finance
1 4 (100.00%) VWAP
1 4 (100.00%) Algorithmic Trading
1 4 (100.00%) Electronic Trading
1 4 (100.00%) Financial Modelling
1 4 (100.00%) Low Latency
1 4 (100.00%) Algorithms
2 3 (75.00%) Machine Learning
2 3 (75.00%) Unix
2 3 (75.00%) Linux
2 3 (75.00%) MATLAB
3 2 (50.00%) Front Office
3 2 (50.00%) Banking
3 2 (50.00%) Investment Banking
3 2 (50.00%) Statistics
4 1 (25.00%) Pricing Data
4 1 (25.00%) R
4 1 (25.00%) Oracle
4 1 (25.00%) SQL

TWAP
Top Related IT Skills 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:

General
1 4 (100.00%) Finance
2 2 (50.00%) Banking
2 2 (50.00%) Front Office
2 2 (50.00%) Investment Banking
Job Titles
1 4 (100.00%) C# Developer
1 4 (100.00%) Developer
2 2 (50.00%) .NET Developer
2 2 (50.00%) C# .NET Developer
2 2 (50.00%) C# Developer - Electronic Trading
2 2 (50.00%) Electronic Trading Developer
3 1 (25.00%) Front Office Developer
3 1 (25.00%) SQL Developer
3 1 (25.00%) Systems Developer
Libraries, Frameworks & Software Standards
1 4 (100.00%) .NET
Miscellaneous
1 4 (100.00%) Algorithms
1 4 (100.00%) VWAP
2 2 (50.00%) Statistics
3 1 (25.00%) Pricing Data
Operating Systems
1 3 (75.00%) Linux
1 3 (75.00%) Unix
Processes & Methodologies
1 4 (100.00%) Algorithmic Trading
1 4 (100.00%) Electronic Trading
1 4 (100.00%) Financial Modelling
1 4 (100.00%) Low Latency
2 3 (75.00%) Machine Learning
Programming Languages
1 4 (100.00%) C#
2 3 (75.00%) MATLAB
3 1 (25.00%) R
3 1 (25.00%) SQL
Vendors
1 1 (25.00%) Oracle
London
Oliver Bernard
Rate: £600 - £610 per day
Posted: Yesterday