The table below looks at the prevalence of the term TWAP in contract job vacancies advertised in London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited TWAP over the 3 months to 26 June 2017 with a comparison to the same period over 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.

Time-Weighted Average Price (TWAP)
England / London
3 months to
26 Jun 2017
Same period 2016 Same period 2015
Rank 417 - 441
Rank change year-on-year - 0  
Contract jobs citing TWAP 7 0 1
As % of all contract IT jobs advertised in London 0.034% - 0.004%
As % of the Miscellaneous category 0.088% - 0.012%
Number of daily rates quoted 7 0 1
Median daily rate £575 - £650
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

TWAP is in the generic IT skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in London with a requirement for generic IT skills.

Generic IT Skills
London
Contract job vacancies with a requirement for generic IT skills 7920 7981 8572
As % of all contract IT job vacancies advertised in London 38.15% 37.33% 36.72%
Number of daily rates quoted 5681 5769 6066
Median daily rate £513 £475 £475
Median daily rate % change year-on-year +7.89% -  
90% offered a daily rate of more than £325 £300 £275
10% offered a daily rate of more than £650 £650 £650
UK excluding London median daily rate £400 £390 £375
% change year-on-year +2.56% +4.00%  
Number of hourly rates quoted 104 106 141
Median hourly rate £21.30 £21.00 £20.00
Median hourly rate % change year-on-year +1.42% +5.00%  
90% offered a hourly rate of more than £13.41 £12.50 £14.20
10% offered a hourly rate of more than £50.00 £50.00 £54.00
UK excluding London median hourly rate £25.00 £23.00 £18.88
% change year-on-year +8.69% +21.82%  

TWAP
Job Vacancy Trend in London

The job posting trend of jobs advertised in London citing TWAP as a proportion of all contract or permanent IT jobs with a match in the Miscellaneous category.

Job vacancy trend for TWAP in London

TWAP
Contractor Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing TWAP in London.

Contractor daily rate trend for TWAP in London

TWAP
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 TWAP within the London region over the 3 months to 26 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London - 5 £575 - 1
TWAP
England

For the 6 months to 26 June 2017, IT contractor jobs citing TWAP also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for TWAP.

1 17 (100.00%) Java
1 17 (100.00%) Finance
1 17 (100.00%) VWAP
2 15 (88.24%) Index Arbitrage
2 15 (88.24%) KDB
2 15 (88.24%) Analytics
2 15 (88.24%) Analytical Skills
2 15 (88.24%) Performance Metrics
2 15 (88.24%) Fintech
2 15 (88.24%) Kdb+
2 15 (88.24%) Arbitrage Trading
2 15 (88.24%) Data Management
2 15 (88.24%) Data Analysis
2 15 (88.24%) C#
2 15 (88.24%) PL/SQL
2 15 (88.24%) SQL
2 15 (88.24%) Oracle
2 15 (88.24%) Windows
2 15 (88.24%) Linux
3 12 (70.59%) Equities
4 11 (64.71%) Electronic Trading
5 10 (58.82%) Multithreading
5 10 (58.82%) Algorithmic Trading
5 10 (58.82%) Banking
5 10 (58.82%) Low Latency
5 10 (58.82%) Investment Banking
6 8 (47.06%) Tick Data
6 8 (47.06%) Automated Trading
6 8 (47.06%) Enterprise Software
6 8 (47.06%) Market Making

TWAP
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:

Communications & Networking
1 2 (11.76%) FIX Connectivity
Database & Business Intelligence
1 15 (88.24%) KDB
1 15 (88.24%) Kdb+
2 8 (47.06%) Tick Data
3 4 (23.53%) Apache Cassandra
Development Applications
1 2 (11.76%) Eclipse
1 2 (11.76%) Git (software)
1 2 (11.76%) IntelliJ
1 2 (11.76%) Subversion
General
1 17 (100.00%) Finance
2 10 (58.82%) Banking
2 10 (58.82%) Investment Banking
3 2 (11.76%) Front Office
Job Titles
1 17 (100.00%) Developer
1 17 (100.00%) Java Developer
2 9 (52.94%) Electronic Trading Developer
2 9 (52.94%) Electronic Trading Java Developer
3 8 (47.06%) Investment Banking Java Developer
4 6 (35.29%) SQL Developer
5 5 (29.41%) Oracle Developer
6 2 (11.76%) Senior Developer
6 2 (11.76%) Senior Java Developer
6 2 (11.76%) Senior Oracle Developer
6 2 (11.76%) Senior SQL Developer
7 1 (5.88%) Agile Developer
7 1 (5.88%) Agile Java Developer
7 1 (5.88%) Java Software Developer
7 1 (5.88%) PL/SQL Developer
7 1 (5.88%) Senior Investment Banking Java Developer
7 1 (5.88%) Senior PL/SQL Developer
7 1 (5.88%) Software Developer
Libraries, Frameworks & Software Standards
1 4 (23.53%) Kafka
2 2 (11.76%) FIX Protocol
Miscellaneous
1 17 (100.00%) VWAP
2 15 (88.24%) Analytical Skills
2 15 (88.24%) Fintech
3 12 (70.59%) Equities
4 8 (47.06%) Enterprise Software
5 4 (23.53%) Algorithms
6 2 (11.76%) Computer Science
Operating Systems
1 15 (88.24%) Linux
1 15 (88.24%) Windows
Processes & Methodologies
1 15 (88.24%) Analytics
1 15 (88.24%) Arbitrage Trading
1 15 (88.24%) Data Analysis
1 15 (88.24%) Data Management
1 15 (88.24%) Index Arbitrage
1 15 (88.24%) Performance Metrics
2 11 (64.71%) Electronic Trading
3 10 (58.82%) Algorithmic Trading
3 10 (58.82%) Low Latency
3 10 (58.82%) Multithreading
4 8 (47.06%) Automated Trading
4 8 (47.06%) Market Making
4 8 (47.06%) Statistics
5 4 (23.53%) Scrum
6 2 (11.76%) Agile Software Development
6 2 (11.76%) Computational Finance
6 2 (11.76%) E-business
6 2 (11.76%) Garbage Collection
6 2 (11.76%) Quantitative Trading
6 2 (11.76%) TDD
Programming Languages
1 17 (100.00%) Java
2 15 (88.24%) C#
2 15 (88.24%) PL/SQL
2 15 (88.24%) SQL
Qualifications
1 2 (11.76%) Degree
Quality Assurance & Compliance
1 2 (11.76%) QA
Vendors
1 15 (88.24%) Oracle