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 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
25 Feb 2017
Same period 2016 Same period 2015
Time-Weighted Average Price (TWAP)
UK
Rank 598 - 626
Rank change year-on-year
- 0
Contract jobs citing TWAP 4 0 1
As % of all contract IT jobs located in the UK 0.009% - 0.002%
As % of the Miscellaneous category 0.029% - 0.006%
Number of daily rates quoted 4 0 1
Median daily rate £638 - £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 across the UK.

Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
13966 16021 15713
As % of all contract IT jobs located in the UK 31.20% 30.81% 29.95%
Number of daily rates quoted 9004 10357 9676
Median daily rate £450 £425 £425
Median daily rate % change year-on-year
+5.88% -
90% offered a daily rate of more than £265 £250 £245
10% offered a daily rate of more than £625 £613 £600
UK excluding London median daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 544 579 639
Median hourly rate £20.50 £22.00 £18.44
Median hourly rate % change year-on-year
-6.81% +19.32%
90% offered a hourly rate of more than £11.33 £12.33 £11.74
10% offered a hourly rate of more than £50.00 £53.80 £42.60
UK excluding London median hourly rate £17.50 £22.50 £18.00
% change year-on-year
-22.22% +25.00%

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
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing TWAP within the UK over the 3 months to 25 February 2017.

TWAP Daily Rate Histogram in the UK

TWAP
Top 3 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 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
London - 4 £638 - 1
England - 4 £638 - 1
City of London - 2 £650 - 1

TWAP
Top 30 Related IT Skills

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

1 9 (100.00%) VWAP
1 9 (100.00%) Electronic Trading
1 9 (100.00%) Low Latency
2 8 (88.89%) Algorithmic Trading
3 6 (66.67%) Banking
3 6 (66.67%) Finance
3 6 (66.67%) Java
3 6 (66.67%) Algorithms
3 6 (66.67%) Multithreading
4 4 (44.44%) TCP/IP
4 4 (44.44%) Foreign Exchange (FX)
4 4 (44.44%) C#
4 4 (44.44%) SQL
4 4 (44.44%) Oracle
4 4 (44.44%) Multithreaded Programming
4 4 (44.44%) Concurrent Programming
4 4 (44.44%) Performance Tuning
4 4 (44.44%) Multicast
5 3 (33.33%) Analytical Skills
5 3 (33.33%) Financial Modelling
5 3 (33.33%) R
5 3 (33.33%) Machine Learning
5 3 (33.33%) .NET
5 3 (33.33%) MATLAB
5 3 (33.33%) Investment Banking
6 2 (22.22%) Index Arbitrage
6 2 (22.22%) Data Management
6 2 (22.22%) E-Commerce
6 2 (22.22%) Scrum
6 2 (22.22%) Equities

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:

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