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 28 August 2015 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
28 Aug 2015
Same period 2014 Same period 2013
Time-Weighted Average Price (TWAP)
Rank 624 597 -
Rank change year-on-year
-27 -
Contract jobs citing TWAP 1 19 0
As % of all contract IT jobs located in the UK 0.002% 0.034% -
As % of the Miscellaneous category 0.005% 0.11% -
Number of daily rates quoted 0 19 0
Average daily rate
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- £650 -
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
18706 18006 17289
As % of all contract IT jobs located in the UK 31.94% 32.38% 32.83%
Number of daily rates quoted 11756 10796 10446
Average daily rate £425 £400 £420
Average daily rate % change year-on-year
+6.25% -4.76%
90% offered a daily rate of more than £250 £240 £250
10% offered a daily rate of more than £613 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 717 740 714
Average hourly rate £21.50 £19.70 £18.65
Average hourly rate % change year-on-year
+9.13% +5.63%
90% offered a hourly rate of more than £12.00 £12.42 £12.00
10% offered a hourly rate of more than £47.00 £45.00 £42.85
UK excluding London average hourly rate £21.53 £20.00 £17.50
% change year-on-year
+7.62% +14.28%

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 3 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing TWAP within the UK over the 3 months to 28 August 2015. 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
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London 0 1 - -
City of London -14 1 - -
England -30 1 - -

TWAP
Top 30 Related IT Skills

For the 6 months to 28 August 2015, 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 4 (100.00%) Java
1 4 (100.00%) VWAP
1 4 (100.00%) Multithreading
1 4 (100.00%) Low Latency
1 4 (100.00%) Algorithmic Trading
2 3 (75.00%) Garbage Collection
2 3 (75.00%) Maven
2 3 (75.00%) TDD
2 3 (75.00%) Subversion
2 3 (75.00%) Front Office
2 3 (75.00%) Equities
2 3 (75.00%) UML
2 3 (75.00%) OO
2 3 (75.00%) Eclipse
3 2 (50.00%) Electronic Trading
3 2 (50.00%) FIX Protocol
4 1 (25.00%) Analytics
4 1 (25.00%) Enterprise Software
4 1 (25.00%) Investment Banking
4 1 (25.00%) Statistics
4 1 (25.00%) Index Arbitrage
4 1 (25.00%) KDB
4 1 (25.00%) Analytical Skills
4 1 (25.00%) Performance Metrics
4 1 (25.00%) Market Making
4 1 (25.00%) Change Management
4 1 (25.00%) PL/SQL
4 1 (25.00%) SQL
4 1 (25.00%) Oracle
4 1 (25.00%) Windows

TWAP
Top Related IT Skills by Category

For the 6 months to 28 August 2015, 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.

Database & Business Intelligence
1 1 (25.00%) KDB
Development Applications
1 3 (75.00%) Eclipse
1 3 (75.00%) Subversion
1 3 (75.00%) Maven
General
1 3 (75.00%) Front Office
2 1 (25.00%) Finance
2 1 (25.00%) Banking
2 1 (25.00%) Investment Banking
Job Titles
1 4 (100.00%) Developer
1 4 (100.00%) Java Developer
2 1 (25.00%) Core Java Developer
Libraries, Frameworks & Software Standards
1 2 (50.00%) FIX Protocol
Miscellaneous
1 4 (100.00%) VWAP
2 3 (75.00%) Equities
3 1 (25.00%) Statistics
3 1 (25.00%) Index Arbitrage
3 1 (25.00%) Enterprise Software
3 1 (25.00%) Analytical Skills
3 1 (25.00%) Performance Metrics
Operating Systems
1 1 (25.00%) Windows
1 1 (25.00%) Linux
Processes & Methodologies
1 4 (100.00%) Algorithmic Trading
1 4 (100.00%) Multithreading
1 4 (100.00%) Low Latency
2 3 (75.00%) Garbage Collection
2 3 (75.00%) UML
2 3 (75.00%) OO
2 3 (75.00%) TDD
3 2 (50.00%) Electronic Trading
4 1 (25.00%) Analytics
4 1 (25.00%) Data Analysis
4 1 (25.00%) Change Management
4 1 (25.00%) Market Making
Programming Languages
1 4 (100.00%) Java
2 1 (25.00%) PL/SQL
2 1 (25.00%) SQL
2 1 (25.00%) C#
Vendors
1 1 (25.00%) Oracle