Period
to 18 October 2018

The median contractor rate for a Low Latency Java Developer was £700 per day in advertised job vacancies in the City of London during the 6 months to 18 October 2018.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to 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.

Java Developer - Low Latency
Central London > City of London
6 months to
18 Oct 2018
Same period 2017 Same period 2016
Rank 243 232 226
Rank change year-on-year -11 -6 +56
Contract jobs requiring a Low Latency Java Developer 19 14 19
As % of all contract IT jobs advertised in the City of London 0.27% 0.20% 0.28%
As % of the Job Titles category 0.28% 0.22% 0.30%
Number of daily rates quoted 15 14 19
City of London median daily rate £700 £675 £600
Median daily rate % change year-on-year +3.70% +12.50% -4.00%
10th Percentile £618 £663 £548
90th Percentile £725 £859 £673
Central London median daily rate £700 £675 £600
% change year-on-year +3.70% +12.50% -4.00%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the City of London. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

All Contract IT Job Vacancies
City of London
Contract vacancies in the City of London with a recognized job title 6,688 6,500 6,386
% of contract IT jobs with a recognized job title 95.41% 94.82% 95.60%
Number of daily rates quoted 5,293 5,094 5,093
City of London median daily rate £500 £500 £475
Median daily rate % change year-on-year - +5.26% +5.56%
10th Percentile £313 £313 £308
90th Percentile £675 £675 £655
Central London median daily rate £500 £500 £465
% change year-on-year - +7.53% +3.33%
Number of hourly rates quoted 122 89 76
City of London median hourly rate £18.70 £18.00 £17.38
Median hourly rate % change year-on-year +3.89% +3.60% -3.47%
10th Percentile £13.00 £11.70 £11.25
90th Percentile £25.50 £30.75 £42.57
Central London median hourly rate £18.70 £18.10 £17.21
% change year-on-year +3.31% +5.19% -4.40%

Low Latency Java Developer
Job Vacancy Trend in the City of London

Job postings that featured Low Latency Java Developer in the job title as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Low Latency Java Developer in the City of London

Low Latency Java Developer
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Low Latency Java Developer in the City of London.

Contractor daily rate trend for Low Latency Java Developer in the City of London

Low Latency Java Developer Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 18 October 2018, Low Latency Java Developer contract jobs required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region featuring Low Latency Java Developer in the job title.

1 19 (100.00%) Java
1 19 (100.00%) Low Latency
2 17 (89.47%) Foreign Exchange (FX)
3 13 (68.42%) Electronic Trading
4 12 (63.16%) Banking
5 11 (57.89%) Finance
6 8 (42.11%) Front Office
6 8 (42.11%) Multithreading
7 5 (26.32%) FIX Protocol
8 4 (21.05%) TIBCO
8 4 (21.05%) Linux
8 4 (21.05%) JMS
9 3 (15.79%) Rendezvous
9 3 (15.79%) Equities
9 3 (15.79%) TIBCO EMS
9 3 (15.79%) Ultra-Low Latency
9 3 (15.79%) Concurrent Programming
10 2 (10.53%) Performance Optimisation
10 2 (10.53%) Investment Banking
10 2 (10.53%) Derivative
10 2 (10.53%) Test Automation
10 2 (10.53%) Migration
10 2 (10.53%) Agile Software Development
10 2 (10.53%) TDD
11 1 (5.26%) Fixed Income
11 1 (5.26%) Grid Computing
11 1 (5.26%) Open Source
11 1 (5.26%) Ultra Messaging
11 1 (5.26%) REST
11 1 (5.26%) Java Concurrency

Low Latency Java Developer Skill Set
Co-occurring IT Skills in the City of London 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:

Development Applications
1 1 (5.26%) Eclipse
1 1 (5.26%) IntelliJ
General
1 12 (63.16%) Banking
2 11 (57.89%) Finance
3 8 (42.11%) Front Office
4 2 (10.53%) Investment Banking
Libraries, Frameworks & Software Standards
1 5 (26.32%) FIX Protocol
2 4 (21.05%) JMS
3 3 (15.79%) Rendezvous
3 3 (15.79%) TIBCO EMS
4 1 (5.26%) Java Concurrency
4 1 (5.26%) MAPI
4 1 (5.26%) Middleware
4 1 (5.26%) REST
4 1 (5.26%) Ultra Messaging
Miscellaneous
1 17 (89.47%) Foreign Exchange (FX)
2 3 (15.79%) Equities
3 2 (10.53%) Derivative
4 1 (5.26%) Fixed Income
4 1 (5.26%) Grid Computing
4 1 (5.26%) N-Tier
4 1 (5.26%) OTC Derivatives
Operating Systems
1 4 (21.05%) Linux
Processes & Methodologies
1 19 (100.00%) Low Latency
2 13 (68.42%) Electronic Trading
3 8 (42.11%) Multithreading
4 3 (15.79%) Concurrent Programming
4 3 (15.79%) Ultra-Low Latency
5 2 (10.53%) Agile Software Development
5 2 (10.53%) Migration
5 2 (10.53%) Performance Optimisation
5 2 (10.53%) TDD
5 2 (10.53%) Test Automation
6 1 (5.26%) Deployment Automation
6 1 (5.26%) Market Making
6 1 (5.26%) OO
6 1 (5.26%) Open Source
6 1 (5.26%) Risk Management
6 1 (5.26%) Software Delivery
6 1 (5.26%) UML
Programming Languages
1 19 (100.00%) Java
Vendors
1 4 (21.05%) TIBCO
2 1 (5.26%) Currenex