Period
to 15 July 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 15 July 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
15 Jul 2018
Same period 2017 Same period 2016
Rank 546 519 583
Rank change year-on-year -27 +64 -30
Contract jobs requiring a Low Latency Java Developer 92 82 30
As % of all contract IT jobs advertised in London 0.20% 0.19% 0.066%
As % of the Job Titles category 0.21% 0.20% 0.069%
Number of daily rates quoted 86 79 25
London median daily rate £700 £675 £625
Median daily rate % change year-on-year +3.70% +8.00% -7.41%
10th Percentile £581 £538 £550
90th Percentile £800 £713 £713
England median daily rate £700 £675 £625
% change year-on-year +3.70% +8.00% -7.41%
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 43,929 40,034 43,280
% of contract IT jobs with a recognized job title 94.73% 95.11% 95.17%
Number of daily rates quoted 31,801 28,472 31,148
London median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.56% +2.86%
10th Percentile £313 £305 £285
90th Percentile £675 £650 £638
England median daily rate £450 £438 £425
% change year-on-year +2.86% +2.94% +6.25%
Number of hourly rates quoted 653 520 508
London median hourly rate £21.50 £21.25 £19.00
Median hourly rate % change year-on-year +1.18% +11.84% -3.63%
10th Percentile £13.03 £12.50 £10.59
90th Percentile £51.10 £50.00 £46.75
England median hourly rate £18.70 £18.50 £19.00
% change year-on-year +1.08% -2.63% +8.57%

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 15 July 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 15 July 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 -34 15 £688 +1.85% 2
East London - 2 - -
Low Latency Java Developer
England

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

For the 6 months to 15 July 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 92 (100.00%) Java
1 92 (100.00%) Low Latency
2 62 (67.39%) Foreign Exchange (FX)
3 57 (61.96%) Electronic Trading
4 47 (51.09%) Front Office
5 41 (44.57%) Multithreading
6 31 (33.70%) Banking
7 29 (31.52%) Equities
8 18 (19.57%) Investment Banking
9 16 (17.39%) C#
9 16 (17.39%) Linux
9 16 (17.39%) Finance
10 14 (15.22%) C++
10 14 (15.22%) Oracle
10 14 (15.22%) FIX Protocol
10 14 (15.22%) Multithreaded Programming
11 12 (13.04%) ION MarketView
11 12 (13.04%) Degree
11 12 (13.04%) Computer Science
11 12 (13.04%) ION Trading
11 12 (13.04%) TDD
12 10 (10.87%) Mathematics
13 9 (9.78%) Derivative
13 9 (9.78%) Computer Science Degree
14 8 (8.70%) Java 8
14 8 (8.70%) Analytical Skills
14 8 (8.70%) Concurrent Programming
14 8 (8.70%) Performance Optimisation
14 8 (8.70%) Oracle Coherence
14 8 (8.70%) Algorithmic Trading

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 8 (8.70%) Oracle Coherence
2 5 (5.43%) Oracle Workflow
3 2 (2.17%) Elasticsearch
Business Applications
1 12 (13.04%) ION MarketView
Communications & Networking
1 1 (1.09%) TCP/IP
Database & Business Intelligence
1 5 (5.43%) Blockchain
1 5 (5.43%) SQL Server
2 3 (3.26%) KDB
Development Applications
1 4 (4.35%) Maven
2 2 (2.17%) Git (software)
3 1 (1.09%) BitKeeper
3 1 (1.09%) Eclipse
3 1 (1.09%) Mercurial
3 1 (1.09%) Sonatype Nexus
3 1 (1.09%) Subversion
3 1 (1.09%) TeamCity
General
1 47 (51.09%) Front Office
2 31 (33.70%) Banking
3 18 (19.57%) Investment Banking
4 16 (17.39%) Finance
5 1 (1.09%) Law
Libraries, Frameworks & Software Standards
1 14 (15.22%) FIX Protocol
2 7 (7.61%) JNI
3 6 (6.52%) Java Concurrency
3 6 (6.52%) JMS
4 5 (5.43%) Ultra Messaging
5 4 (4.35%) Middleware
5 4 (4.35%) Rendezvous
6 3 (3.26%) MAPI
7 2 (2.17%) Hibernate
7 2 (2.17%) JDBC
7 2 (2.17%) Kafka
7 2 (2.17%) REST
7 2 (2.17%) Spring
7 2 (2.17%) TIBCO EMS
7 2 (2.17%) XML
8 1 (1.09%) Akka
8 1 (1.09%) AngularJS
8 1 (1.09%) React
8 1 (1.09%) SOAP
8 1 (1.09%) Swing
Miscellaneous
1 62 (67.39%) Foreign Exchange (FX)
2 29 (31.52%) Equities
3 12 (13.04%) Computer Science
4 9 (9.78%) Derivative
5 8 (8.70%) Analytical Skills
6 6 (6.52%) Greenfield Project
7 5 (5.43%) Algorithms
8 4 (4.35%) Equity Derivative
9 3 (3.26%) Fixed Income
10 2 (2.17%) OTC Derivatives
11 1 (1.09%) Bitcoin
11 1 (1.09%) Data Structures
11 1 (1.09%) Grid Computing
Operating Systems
1 16 (17.39%) Linux
2 4 (4.35%) Unix
Processes & Methodologies
1 92 (100.00%) Low Latency
2 57 (61.96%) Electronic Trading
3 41 (44.57%) Multithreading
4 14 (15.22%) Multithreaded Programming
5 12 (13.04%) TDD
6 10 (10.87%) Mathematics
7 8 (8.70%) Algorithmic Trading
7 8 (8.70%) Concurrent Programming
7 8 (8.70%) Performance Optimisation
8 7 (7.61%) FX Algorithmic Trading
9 6 (6.52%) E-Commerce
10 5 (5.43%) Agile Software Development
10 5 (5.43%) Market Making
10 5 (5.43%) Workflow
11 4 (4.35%) Garbage Collection
11 4 (4.35%) High-Frequency Trading
11 4 (4.35%) Software Engineering
11 4 (4.35%) Ultra-Low Latency
11 4 (4.35%) Unit Testing
12 3 (3.26%) Risk Management
Programming Languages
1 92 (100.00%) Java
2 16 (17.39%) C#
3 14 (15.22%) C++
4 8 (8.70%) Java 8
5 7 (7.61%) C
6 2 (2.17%) Bash Shell
6 2 (2.17%) SQL
7 1 (1.09%) Perl
7 1 (1.09%) Python
7 1 (1.09%) Ruby
Qualifications
1 12 (13.04%) Degree
2 9 (9.78%) Computer Science Degree
3 7 (7.61%) Numerate Degree
Vendors
1 14 (15.22%) Oracle
2 12 (13.04%) ION Trading
3 7 (7.61%) TIBCO
4 5 (5.43%) Bloomberg
5 3 (3.26%) Currenex
6 1 (1.09%) Caplin
6 1 (1.09%) Sybase