The table below looks at the prevalence of the term TWAP in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited TWAP over the 3 months to 24 December 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
24 Dec 2014
Same period 2013 Same period 2012
Time-Weighted Average Price (TWAP)
Rank 584 561 -
Rank change year-on-year
-23 -
Contract jobs citing TWAP 8 9 0
As % of all contract IT jobs located in the UK 0.015% 0.018% -
As % of the Miscellaneous category 0.049% 0.057% -
Number of daily rates quoted 8 9 0
Average daily rate
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£650 £700 -
Average daily rate % change year-on-year
-7.14% -
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
16471 15885 14405
As % of all contract IT jobs located in the UK 30.37% 31.03% 29.56%
Number of daily rates quoted 10634 9829 8499
Average daily rate £415 £400 £400
Average daily rate % change year-on-year
+3.75% -
90% offered a daily rate of more than £242 £230 £230
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £350 £340
% change year-on-year
+7.14% +2.94%
Number of hourly rates quoted 629 681 815
Average hourly rate £17.50 £21.00 £20.00
Average hourly rate % change year-on-year
-16.66% +5.00%
90% offered a hourly rate of more than £11.00 £11.50 £11.75
10% offered a hourly rate of more than £42.50 £41.50 £42.50
UK excluding London average hourly rate £17.50 £19.00 £19.94
% change year-on-year
-7.89% -4.71%

TWAP
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing TWAP within the UK as a proportion of the total demand within 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 15 Related IT Skills

For the 6 months to 24 December 2014, IT contractor jobs within the UK 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 26 (100.00%) Java
1 26 (100.00%) Foreign Exchange (FX)
1 26 (100.00%) VWAP
1 26 (100.00%) Algorithmic Trading
1 26 (100.00%) Multithreading
1 26 (100.00%) Low Latency
1 26 (100.00%) Performance Tuning
2 20 (76.92%) Banking
2 20 (76.92%) SQL
3 6 (23.08%) E-Commerce
3 6 (23.08%) TCP/IP
3 6 (23.08%) Finance
3 6 (23.08%) Mathematics
3 6 (23.08%) Multicast
3 6 (23.08%) Algorithms

TWAP
Top Related IT Skills by Category

For the 6 months to 24 December 2014, IT contractor jobs within the UK 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 6 (23.08%) TCP/IP
1 6 (23.08%) Multicast
General
1 20 (76.92%) Banking
2 6 (23.08%) Finance
Job Titles
1 6 (23.08%) Developer
1 6 (23.08%) Java Developer
2 1 (3.85%) Lead Java Developer
2 1 (3.85%) Lead Developer
Miscellaneous
1 26 (100.00%) Foreign Exchange (FX)
1 26 (100.00%) VWAP
2 6 (23.08%) Algorithms
2 6 (23.08%) Mathematics
Processes & Methodologies
1 26 (100.00%) Algorithmic Trading
1 26 (100.00%) Multithreading
1 26 (100.00%) Low Latency
1 26 (100.00%) Performance Tuning
2 6 (23.08%) E-Commerce
Programming Languages
1 26 (100.00%) Java
2 20 (76.92%) SQL