Period
to 11 December 2018

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 11 December 2018 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
11 Dec 2018
Same period 2017 Same period 2016
Rank 57 39 41
Rank change year-on-year -18 +2 +1
Contract jobs citing Low Latency 12 10 1
As % of all contract IT jobs advertised in Canary Wharf 3.22% 3.39% 0.32%
As % of the Processes & Methodologies category 3.40% 3.64% 0.34%
Number of daily rates quoted 9 10 1
Canary Wharf median daily rate £725 £625 £550
Median daily rate % change year-on-year +16.00% +13.64% +8.64%
Tower Hamlets median daily rate £725 £625 £550
% change year-on-year +16.00% +13.64% +8.64%
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 353 275 290
As % of all contract IT jobs advertised in Canary Wharf 94.64% 93.22% 93.55%
Number of daily rates quoted 293 220 206
Canary Wharf median daily rate £550 £525 £450
Median daily rate % change year-on-year +4.76% +16.67% -10.00%
10th Percentile £375 £267 £311
90th Percentile £650 £650 £603
Tower Hamlets median daily rate £550 £525 £450
% change year-on-year +4.76% +16.67% -10.00%
Number of hourly rates quoted 2 2 0
Canary Wharf median hourly rate £93.44 £15.00 -
Median hourly rate % change year-on-year +522.92% - -
Tower Hamlets median hourly rate £93.44 £15.00 -
% change year-on-year +522.92% - -

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

Low Latency
Contractor Daily Rate Histogram in Canary Wharf

The daily rate distribution of IT jobs citing Low Latency in Canary Wharf over the 6 months to 11 December 2018.

Contractor daily rate histogram for Low Latency in Canary Wharf

For the 6 months to 11 December 2018, 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 11 (91.67%) Java
2 7 (58.33%) Multithreading
3 6 (50.00%) Front Office
3 6 (50.00%) Foreign Exchange (FX)
3 6 (50.00%) Finance
4 4 (33.33%) Scala
4 4 (33.33%) Electronic Trading
5 3 (25.00%) Risk Management
5 3 (25.00%) RDBMS
5 3 (25.00%) Relational Database
6 2 (16.67%) Docker
6 2 (16.67%) HDFS
6 2 (16.67%) DevOps
6 2 (16.67%) Apache Spark
6 2 (16.67%) Algorithms
6 2 (16.67%) Kubernetes
6 2 (16.67%) Spark Streaming
6 2 (16.67%) SDLC
6 2 (16.67%) Data Engineering
6 2 (16.67%) TensorFlow
6 2 (16.67%) Performance Optimisation
6 2 (16.67%) Convolutional Neural Network
6 2 (16.67%) Computer Vision
6 2 (16.67%) Databricks
6 2 (16.67%) Microsoft Azure
6 2 (16.67%) Open Source
6 2 (16.67%) NoSQL
6 2 (16.67%) Big Data
6 2 (16.67%) Kafka
6 2 (16.67%) OpenCV

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:

Application Platforms
1 2 (16.67%) Apache Solr
1 2 (16.67%) Apache Spark
1 2 (16.67%) Elasticsearch
Cloud Services
1 2 (16.67%) Microsoft Azure
Database & Business Intelligence
1 3 (25.00%) RDBMS
1 3 (25.00%) Relational Database
2 2 (16.67%) Big Data
2 2 (16.67%) NoSQL
3 1 (8.33%) Oracle Database
Development Applications
1 2 (16.67%) Git (software)
1 2 (16.67%) Visual Studio Team System
General
1 6 (50.00%) Finance
1 6 (50.00%) Front Office
2 2 (16.67%) Banking
2 2 (16.67%) Investment Banking
Job Titles
1 10 (83.33%) Developer
2 9 (75.00%) Java Developer
3 2 (16.67%) Analytics Consultant
3 2 (16.67%) Big Data Consultant
3 2 (16.67%) Consultant
3 2 (16.67%) Data Consultant
3 2 (16.67%) Senior Developer
3 2 (16.67%) Senior Java Developer
4 1 (8.33%) Scala Developer
Libraries, Frameworks & Software Standards
1 2 (16.67%) J2SE
1 2 (16.67%) Kafka
1 2 (16.67%) OpenCV
1 2 (16.67%) Spark Streaming
1 2 (16.67%) Spring
1 2 (16.67%) TensorFlow
2 1 (8.33%) Akka
2 1 (8.33%) FIX Protocol
2 1 (8.33%) Hibernate
2 1 (8.33%) Middleware
2 1 (8.33%) Rendezvous
2 1 (8.33%) REST
2 1 (8.33%) Spring Batch
2 1 (8.33%) Spring Boot
2 1 (8.33%) TIBCO EMS
2 1 (8.33%) Web Services
Miscellaneous
1 6 (50.00%) Foreign Exchange (FX)
2 2 (16.67%) Algorithms
2 2 (16.67%) Derivative
2 2 (16.67%) Self-Motivation
3 1 (8.33%) Equity Derivative
3 1 (8.33%) Market Risk
Operating Systems
1 1 (8.33%) Linux
1 1 (8.33%) Unix
Processes & Methodologies
1 7 (58.33%) Multithreading
2 4 (33.33%) Electronic Trading
3 3 (25.00%) Risk Management
4 2 (16.67%) Analytics
4 2 (16.67%) Computer Vision
4 2 (16.67%) Convolutional Neural Network
4 2 (16.67%) Data Engineering
4 2 (16.67%) Data Science
4 2 (16.67%) Deep Learning
4 2 (16.67%) DevOps
4 2 (16.67%) OO
4 2 (16.67%) Open Source
4 2 (16.67%) Performance Optimisation
4 2 (16.67%) SDLC
4 2 (16.67%) Technical Architecture
4 2 (16.67%) Ultra-Low Latency
4 2 (16.67%) Web Development
5 1 (8.33%) Computer Science
5 1 (8.33%) Problem-Solving
5 1 (8.33%) Systems Engineering
Programming Languages
1 11 (91.67%) Java
2 4 (33.33%) Scala
3 2 (16.67%) C#
3 2 (16.67%) Java 8
3 2 (16.67%) Python
Qualifications
1 1 (8.33%) Computer Science Degree
1 1 (8.33%) Degree
System Software
1 2 (16.67%) Docker
1 2 (16.67%) HDFS
Systems Management
1 2 (16.67%) Kubernetes
Vendors
1 2 (16.67%) Databricks
2 1 (8.33%) Oracle
2 1 (8.33%) Solace
2 1 (8.33%) TIBCO