Period
to 20 September 2018

The median contractor rate for a Low Latency Java Developer was £700 per day in advertised job vacancies in London during the 6 months to 20 September 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
England > London
6 months to
20 Sep 2018
Same period 2017 Same period 2016
Rank 551 529 587
Rank change year-on-year -22 +58 +8
Contract jobs requiring a Low Latency Java Developer 77 81 32
As % of all contract IT jobs advertised in London 0.17% 0.18% 0.071%
As % of the Job Titles category 0.18% 0.19% 0.075%
Number of daily rates quoted 70 77 28
London median daily rate £700 £675 £613
Median daily rate % change year-on-year +3.70% +10.20% -12.50%
10th Percentile £613 £588 £550
90th Percentile £781 £723 £713
England median daily rate £700 £675 £613
% change year-on-year +3.70% +10.20% -12.50%
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England median hourly rate - - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in 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
London
Contract vacancies in London with a recognized job title 43,461 42,097 42,841
% of contract IT jobs with a recognized job title 94.62% 95.02% 95.19%
Number of daily rates quoted 31,402 30,222 30,778
London median daily rate £500 £488 £450
Median daily rate % change year-on-year +2.56% +8.33% -
10th Percentile £313 £305 £286
90th Percentile £675 £650 £638
England median daily rate £450 £450 £425
% change year-on-year - +5.88% +6.25%
Number of hourly rates quoted 606 523 506
London median hourly rate £19.37 £21.00 £19.23
Median hourly rate % change year-on-year -7.77% +9.20% +0.73%
10th Percentile £13.00 £12.57 £10.75
90th Percentile £52.50 £48.57 £50.00
England median hourly rate £18.25 £18.70 £19.00
% change year-on-year -2.41% -1.58% +6.92%

Low Latency Java Developer
Job Vacancy Trend in London

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

Job vacancy trend for Low Latency Java Developer in London

Low Latency Java Developer
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Low Latency Java Developer in London

Low Latency Java Developer
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Low Latency Java Developer in London over the 6 months to 20 September 2018.

Contractor daily rate histogram for Low Latency Java Developer in London

Low Latency Java Developer
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Low Latency Java Developer within the London region over the 6 months to 20 September 2018. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Central London -21 17 £700 +3.70% 2
East London - 4 - - 1
Low Latency Java Developer
England

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

For the 6 months to 20 September 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 London region featuring Low Latency Java Developer in the job title.

1 77 (100.00%) Java
1 77 (100.00%) Low Latency
2 59 (76.62%) Foreign Exchange (FX)
3 53 (68.83%) Electronic Trading
4 37 (48.05%) Multithreading
4 37 (48.05%) Front Office
5 25 (32.47%) Equities
5 25 (32.47%) Banking
6 23 (29.87%) Finance
7 14 (18.18%) Multithreaded Programming
8 13 (16.88%) C#
8 13 (16.88%) Oracle
9 12 (15.58%) Linux
10 11 (14.29%) C++
10 11 (14.29%) ION Trading
10 11 (14.29%) ION MarketView
11 9 (11.69%) Algorithmic Trading
11 9 (11.69%) TDD
11 9 (11.69%) Performance Optimisation
12 8 (10.39%) FIX Protocol
13 7 (9.09%) Oracle Coherence
13 7 (9.09%) TIBCO
13 7 (9.09%) FX Algorithmic Trading
13 7 (9.09%) Analytical Skills
14 6 (7.79%) C
14 6 (7.79%) JMS
14 6 (7.79%) JNI
14 6 (7.79%) Agile Software Development
15 5 (6.49%) Workflow
15 5 (6.49%) Investment Banking

Low Latency Java Developer Skill Set
Co-occurring IT Skills in 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:

Application Platforms
1 7 (9.09%) Oracle Coherence
2 5 (6.49%) Oracle Workflow
Business Applications
1 11 (14.29%) ION MarketView
Database & Business Intelligence
1 5 (6.49%) SQL Server
2 4 (5.19%) Blockchain
3 1 (1.30%) KDB
Development Applications
1 4 (5.19%) TeamCity
2 3 (3.90%) Maven
3 2 (2.60%) Bitbucket
3 2 (2.60%) YourKit
4 1 (1.30%) Git (software)
4 1 (1.30%) Sonatype Nexus
4 1 (1.30%) Subversion
General
1 37 (48.05%) Front Office
2 25 (32.47%) Banking
3 23 (29.87%) Finance
4 5 (6.49%) Investment Banking
5 2 (2.60%) Back Office
Libraries, Frameworks & Software Standards
1 8 (10.39%) FIX Protocol
2 6 (7.79%) JMS
2 6 (7.79%) JNI
3 4 (5.19%) Rendezvous
3 4 (5.19%) Spring
3 4 (5.19%) Ultra Messaging
3 4 (5.19%) XML
4 3 (3.90%) MAPI
4 3 (3.90%) TIBCO EMS
5 2 (2.60%) Hibernate
5 2 (2.60%) JDBC
5 2 (2.60%) Middleware
5 2 (2.60%) REST
6 1 (1.30%) Java Concurrency
6 1 (1.30%) SOAP
Miscellaneous
1 59 (76.62%) Foreign Exchange (FX)
2 25 (32.47%) Equities
3 7 (9.09%) Analytical Skills
4 5 (6.49%) Algorithms
4 5 (6.49%) Derivative
5 2 (2.60%) Computer Science
5 2 (2.60%) Equity Derivative
5 2 (2.60%) OTC Derivatives
6 1 (1.30%) Data Structures
6 1 (1.30%) Fixed Income
6 1 (1.30%) Greenfield Project
6 1 (1.30%) Grid Computing
Operating Systems
1 12 (15.58%) Linux
2 1 (1.30%) Unix
Processes & Methodologies
1 77 (100.00%) Low Latency
2 53 (68.83%) Electronic Trading
3 37 (48.05%) Multithreading
4 14 (18.18%) Multithreaded Programming
5 9 (11.69%) Algorithmic Trading
5 9 (11.69%) Performance Optimisation
5 9 (11.69%) TDD
6 7 (9.09%) FX Algorithmic Trading
7 6 (7.79%) Agile Software Development
8 5 (6.49%) Workflow
9 4 (5.19%) Concurrent Programming
9 4 (5.19%) Software Engineering
9 4 (5.19%) Unit Testing
10 3 (3.90%) Garbage Collection
10 3 (3.90%) Problem-Solving
10 3 (3.90%) Ultra-Low Latency
11 2 (2.60%) Continuous Integration
11 2 (2.60%) Mathematics
11 2 (2.60%) Risk Management
11 2 (2.60%) Test Automation
Programming Languages
1 77 (100.00%) Java
2 13 (16.88%) C#
3 11 (14.29%) C++
4 6 (7.79%) C
5 5 (6.49%) Java 8
6 3 (3.90%) SQL
7 2 (2.60%) Bash Shell
8 1 (1.30%) Perl
8 1 (1.30%) Python
Qualifications
1 2 (2.60%) Computer Science Degree
1 2 (2.60%) Degree
1 2 (2.60%) Numerate Degree
Vendors
1 13 (16.88%) Oracle
2 11 (14.29%) ION Trading
3 7 (9.09%) TIBCO
4 3 (3.90%) Currenex
5 1 (1.30%) Bloomberg
5 1 (1.30%) Sybase