Period
to 20 March 2019

The following table provides summary statistics for contract job vacancies advertised in Canary Wharf with a requirement for Low Latency skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Low Latency over the 6 months to 20 March 2019 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Low Latency
Tower Hamlets > Canary Wharf
6 months to
20 Mar 2019
Same period 2018 Same period 2017
Rank 64 40 29
Rank change year-on-year -24 -11 +3
Contract jobs citing Low Latency 5 7 12
As % of all contract IT jobs advertised in Canary Wharf 1.26% 2.55% 4.40%
As % of the Processes & Methodologies category 1.33% 2.80% 4.76%
Number of daily rates quoted 5 6 7
Canary Wharf median daily rate £725 £650 £625
Median daily rate % change year-on-year +11.54% +4.00% +30.21%
10th Percentile £688 £613 £535
90th Percentile £825 £725 £695
Tower Hamlets median daily rate £725 £650 £625
% change year-on-year +11.54% +4.00% +30.21%
Number of hourly rates quoted 0 0 0
Canary Wharf median hourly rate - - -
Tower Hamlets median hourly rate - - -

Low Latency is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Canary Wharf with a requirement for process or methodology skills.

All Process and Methodology Skills
Canary Wharf
Contract vacancies with a requirement for process or methodology skills 377 250 252
As % of all contract IT jobs advertised in Canary Wharf 94.72% 91.24% 92.31%
Number of daily rates quoted 322 214 176
Canary Wharf median daily rate £550 £550 £525
Median daily rate % change year-on-year - +4.76% +9.38%
10th Percentile £424 £337 £331
90th Percentile £650 £650 £650
Tower Hamlets median daily rate £550 £550 £525
% change year-on-year - +4.76% +9.66%
Number of hourly rates quoted 2 5 2
Canary Wharf median hourly rate £81.25 £15.00 £48.75
Median hourly rate % change year-on-year +441.67% -69.23% +87.50%
10th Percentile £27.38 £15.00 £44.13
90th Percentile £142.13 £15.00 £52.38
Tower Hamlets median hourly rate £81.25 £15.00 £48.75
% change year-on-year +441.67% -69.23% +87.50%

Low Latency
Job Vacancy Trend in Canary Wharf

Job postings citing Low Latency as a percentage of all IT jobs advertised in Canary Wharf.

Job vacancy trend for Low Latency in Canary Wharf

Low Latency
Contractor Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Low Latency in Canary Wharf.

Contractor daily rate trend for Low Latency in Canary Wharf

For the 6 months to 20 March 2019, IT contractor jobs citing Low Latency also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the Canary Wharf region with a requirement for Low Latency.

1 5 (100.00%) Java
1 5 (100.00%) Multithreading
2 3 (60.00%) Front Office
3 2 (40.00%) Risk Management
3 2 (40.00%) Finance
3 2 (40.00%) Banking
3 2 (40.00%) Investment Banking
3 2 (40.00%) J2SE
3 2 (40.00%) Foreign Exchange (FX)

Low Latency
Co-occurring IT Skills in Canary Wharf 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:

General
1 3 (60.00%) Front Office
2 2 (40.00%) Banking
2 2 (40.00%) Finance
2 2 (40.00%) Investment Banking
Job Titles
1 5 (100.00%) Developer
1 5 (100.00%) Java Developer
Libraries, Frameworks & Software Standards
1 2 (40.00%) J2SE
Miscellaneous
1 2 (40.00%) Foreign Exchange (FX)
Processes & Methodologies
1 5 (100.00%) Multithreading
2 2 (40.00%) Risk Management
Programming Languages
1 5 (100.00%) Java