The table below looks at the prevalence of the term VWAP in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited VWAP over the 3 months to 19 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
19 Dec 2014
Same period 2013 Same period 2012
Volume-Weighted Average Price (VWAP)
Rank 587 573 -
Rank change year-on-year
-14 -
Contract jobs citing VWAP 8 9 0
As % of all contract IT jobs located in the UK 0.014% 0.017% -
As % of the Miscellaneous category 0.048% 0.056% -
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
16672 16035 14712
As % of all contract IT jobs located in the UK 30.22% 31.07% 29.64%
Number of daily rates quoted 10749 9939 8668
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 £370 £350 £340
% change year-on-year
+5.71% +2.94%
Number of hourly rates quoted 634 688 837
Average hourly rate £17.00 £20.50 £20.00
Average hourly rate % change year-on-year
-17.07% +2.50%
90% offered a hourly rate of more than £11.00 £11.50 £11.80
10% offered a hourly rate of more than £42.50 £41.50 £42.50
UK excluding London average hourly rate £17.00 £19.00 £20.00
% change year-on-year
-10.52% -5.00%

VWAP
Jobs Demand Trend

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

For the 6 months to 19 December 2014, IT contractor jobs within the UK citing VWAP 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 VWAP.

1 27 (100.00%) Java
1 27 (100.00%) Foreign Exchange (FX)
1 27 (100.00%) Algorithmic Trading
1 27 (100.00%) Multithreading
1 27 (100.00%) TWAP
1 27 (100.00%) Low Latency
1 27 (100.00%) Performance Tuning
2 21 (77.78%) Banking
2 21 (77.78%) SQL
3 6 (22.22%) E-Commerce
3 6 (22.22%) TCP/IP
3 6 (22.22%) Finance
3 6 (22.22%) Mathematics
3 6 (22.22%) Multicast
3 6 (22.22%) Algorithms

VWAP
Top Related IT Skills by Category

For the 6 months to 19 December 2014, IT contractor jobs within the UK citing VWAP 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 VWAP. Up to 20 skills are shown per category.

Communications & Networking
1 6 (22.22%) TCP/IP
1 6 (22.22%) Multicast
General
1 21 (77.78%) Banking
2 6 (22.22%) Finance
Job Titles
1 6 (22.22%) Developer
1 6 (22.22%) Java Developer
2 1 (3.70%) Lead Java Developer
2 1 (3.70%) Lead Developer
Miscellaneous
1 27 (100.00%) Foreign Exchange (FX)
1 27 (100.00%) TWAP
2 6 (22.22%) Mathematics
2 6 (22.22%) Algorithms
Processes & Methodologies
1 27 (100.00%) Algorithmic Trading
1 27 (100.00%) Multithreading
1 27 (100.00%) Low Latency
1 27 (100.00%) Performance Tuning
2 6 (22.22%) E-Commerce
Programming Languages
1 27 (100.00%) Java
2 21 (77.78%) SQL