The table below looks at the prevalence of the term VWAP in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited VWAP over the 3 months to 28 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
28 Feb 2017
Same period 2016 Same period 2015
Volume-Weighted Average Price (VWAP)
UK
Rank 587 633 605
Rank change year-on-year
+46 -28
Contract jobs citing VWAP 4 2 1
As % of all contract IT jobs located in the UK 0.009% 0.004% 0.002%
As % of the Miscellaneous category 0.028% 0.013% 0.006%
Number of daily rates quoted 4 2 1
Median daily rate £638 £375 £675
Median daily rate % change year-on-year
+70.00% -44.44%
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
14251 15759 15507
As % of all contract IT jobs located in the UK 31.31% 30.77% 30.04%
Number of daily rates quoted 9205 10180 9503
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 £250
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 541 569 631
Median hourly rate £20.50 £22.00 £18.50
Median hourly rate % change year-on-year
-6.81% +18.91%
90% offered a hourly rate of more than £11.33 £12.50 £11.74
10% offered a hourly rate of more than £50.00 £52.63 £44.50
UK excluding London median hourly rate £17.50 £24.00 £18.00
% change year-on-year
-27.08% +33.33%

VWAP
Jobs Demand Trend

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

VWAP Jobs Demand Trend in the UK

VWAP
Daily Rate Trend

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

VWAP Daily Rate Trend in the UK

VWAP
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing VWAP within the UK over the 3 months to 28 February 2017.

VWAP Daily Rate Histogram in the UK

VWAP
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 VWAP within the UK over the 3 months to 28 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 +20 4 £638 +70.00% 1
England +20 4 £638 +70.00% 1
City of London -2 2 £650 +73.33% 1

VWAP
Top 30 Related IT Skills

For the 6 months to 28 February 2017, IT contractor jobs citing VWAP 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 VWAP.

1 9 (100.00%) Electronic Trading
1 9 (100.00%) Low Latency
1 9 (100.00%) TWAP
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%) Performance Tuning
4 4 (44.44%) Multicast
4 4 (44.44%) Concurrent Programming
4 4 (44.44%) Multithreaded Programming
5 3 (33.33%) Analytical Skills
5 3 (33.33%) R
5 3 (33.33%) Machine Learning
5 3 (33.33%) Financial Modelling
5 3 (33.33%) .NET
5 3 (33.33%) MATLAB
5 3 (33.33%) Investment Banking
6 2 (22.22%) TDD
6 2 (22.22%) Index Arbitrage
6 2 (22.22%) Data Management
6 2 (22.22%) E-Commerce
6 2 (22.22%) Scrum

VWAP
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%) TWAP
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%) Mathematics
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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