Period
to 20 February 2019

The median contractor rate for a Low Latency Java Developer was £675 per day in advertised job vacancies in London during the 6 months to 20 February 2019.

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 Feb 2019
Same period 2018 Same period 2017
Rank 565 551 562
Rank change year-on-year -14 +11 +3
Contract jobs requiring a Low Latency Java Developer 50 74 37
As % of all contract IT jobs advertised in London 0.11% 0.16% 0.090%
As % of the Job Titles category 0.12% 0.17% 0.095%
Number of daily rates quoted 48 69 32
London median daily rate £675 £750 £650
Median daily rate % change year-on-year -10.00% +15.38% +8.33%
10th Percentile £659 £562 £539
90th Percentile £758 £850 £713
England median daily rate £675 £750 £650
% change year-on-year -10.00% +15.38% +8.33%
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 41,690 44,520 38,975
% of contract IT jobs with a recognized job title 94.62% 94.86% 94.99%
Number of daily rates quoted 29,945 32,434 27,764
London median daily rate £500 £500 £475
Median daily rate % change year-on-year - +5.26% +5.56%
10th Percentile £313 £300 £300
90th Percentile £675 £675 £650
England median daily rate £475 £450 £425
% change year-on-year +5.56% +5.88% +1.19%
Number of hourly rates quoted 564 627 562
London median hourly rate £22.00 £20.60 £21.50
Median hourly rate % change year-on-year +6.80% -4.19% +13.16%
10th Percentile £12.50 £12.00 £11.96
90th Percentile £48.75 £48.75 £51.25
England median hourly rate £18.70 £18.70 £18.50
% change year-on-year - +1.08% -

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 February 2019.

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 February 2019. 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 -3 14 £700 -12.50% 6
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 February 2019, 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 50 (100.00%) Java
1 50 (100.00%) Low Latency
2 39 (78.00%) Electronic Trading
3 37 (74.00%) Foreign Exchange (FX)
4 32 (64.00%) Multithreading
5 26 (52.00%) Banking
6 23 (46.00%) Finance
7 20 (40.00%) Multithreaded Programming
8 15 (30.00%) ION MarketView
8 15 (30.00%) ION Trading
9 12 (24.00%) Front Office
10 11 (22.00%) SDLC
11 10 (20.00%) Linux
11 10 (20.00%) Concurrent Programming
12 9 (18.00%) Oracle
12 9 (18.00%) Equities
13 8 (16.00%) Derivative
13 8 (16.00%) Oracle Coherence
13 8 (16.00%) Credit Risk
13 8 (16.00%) Hazelcast
13 8 (16.00%) Algorithms
13 8 (16.00%) SQL Server
13 8 (16.00%) Apache
13 8 (16.00%) Workflow
13 8 (16.00%) Apache Ignite
14 7 (14.00%) Greenfield Project
14 7 (14.00%) Java 8
14 7 (14.00%) JNI
14 7 (14.00%) C
14 7 (14.00%) C++

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 (16.00%) Apache
1 8 (16.00%) Oracle Coherence
Business Applications
1 15 (30.00%) ION MarketView
Database & Business Intelligence
1 8 (16.00%) Apache Ignite
1 8 (16.00%) Hazelcast
1 8 (16.00%) SQL Server
2 3 (6.00%) KDB
Development Applications
1 1 (2.00%) Eclipse
1 1 (2.00%) IntelliJ
General
1 26 (52.00%) Banking
2 23 (46.00%) Finance
3 12 (24.00%) Front Office
4 2 (4.00%) Investment Banking
Libraries, Frameworks & Software Standards
1 7 (14.00%) JNI
2 3 (6.00%) FIX Protocol
2 3 (6.00%) Ultra Messaging
3 1 (2.00%) Java Concurrency
3 1 (2.00%) JMS
3 1 (2.00%) Rendezvous
3 1 (2.00%) TIBCO EMS
Miscellaneous
1 37 (74.00%) Foreign Exchange (FX)
2 9 (18.00%) Equities
3 8 (16.00%) Algorithms
3 8 (16.00%) Credit Risk
3 8 (16.00%) Derivative
4 7 (14.00%) Greenfield Project
4 7 (14.00%) Virtual Team
5 3 (6.00%) Data Structures
6 1 (2.00%) N-Tier
Operating Systems
1 10 (20.00%) Linux
Processes & Methodologies
1 50 (100.00%) Low Latency
2 39 (78.00%) Electronic Trading
3 32 (64.00%) Multithreading
4 20 (40.00%) Multithreaded Programming
5 11 (22.00%) SDLC
6 10 (20.00%) Concurrent Programming
7 8 (16.00%) Workflow
8 7 (14.00%) Performance Tuning
9 5 (10.00%) Algorithmic Trading
9 5 (10.00%) FX Algorithmic Trading
9 5 (10.00%) Performance Optimisation
10 4 (8.00%) Computer Science
10 4 (8.00%) Software Engineering
11 3 (6.00%) Visualisation
12 2 (4.00%) Agile Software Development
12 2 (4.00%) OO
13 1 (2.00%) Migration
13 1 (2.00%) Risk Management
13 1 (2.00%) TDD
13 1 (2.00%) UML
Programming Languages
1 50 (100.00%) Java
2 7 (14.00%) C
2 7 (14.00%) C++
2 7 (14.00%) Java 8
3 1 (2.00%) Bash Shell
Qualifications
1 4 (8.00%) Degree
Vendors
1 15 (30.00%) ION Trading
2 9 (18.00%) Oracle
3 1 (2.00%) Sybase
3 1 (2.00%) TIBCO