The table below looks at the prevalence of the term TWAP in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited TWAP over the 3 months to 23 March 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.

3 months to
23 Mar 2017
Same period 2016 Same period 2015
Time-Weighted Average Price (TWAP)
UK
Rank 589 - 618
Rank change year-on-year - 0  
Contract jobs citing TWAP 10 0 3
As % of all contract IT jobs advertised in the UK 0.022% - 0.006%
As % of the Miscellaneous category 0.070% - 0.019%
Number of daily rates quoted 9 0 1
Median daily rate £575 - £675
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 with a requirement for generic IT skills.

Generic IT Skills
UK
Contract job vacancies with a requirement for generic IT skills 14330 16380 15830
As % of all contract IT job vacancies advertised in the UK 32.04% 31.01% 30.23%
Number of daily rates quoted 9234 10679 9585
Median daily rate £443 £425 £420
Median daily rate % change year-on-year +4.11% +1.19%  
90% offered a daily rate of more than £265 £260 £250
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £395 £375 £375
% change year-on-year +5.33% -  
Number of hourly rates quoted 540 554 655
Median hourly rate £22.50 £24.00 £19.00
Median hourly rate % change year-on-year -6.25% +26.31%  
90% offered a hourly rate of more than £11.33 £12.50 £11.74
10% offered a hourly rate of more than £50.00 £52.50 £45.00
UK excluding London median hourly rate £19.25 £29.00 £18.83
% change year-on-year -33.62% +54.05%  

TWAP
Job Vacancy Trend

The job posting trend of jobs advertised 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 the UK

TWAP
Contractor Daily Rate Trend

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

Contractor daily rate trend for TWAP in the UK

TWAP
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing TWAP over the 3 months to 23 March 2017.

Contractor daily rate histogram for TWAP in the UK

TWAP
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing TWAP within the UK over the 3 months to 23 March 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
London - 10 £575 - 1
England - 10 £575 - 1
City of London - 8 £550 - 1

TWAP
Top 30 Related IT Skills

For the 6 months to 23 March 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 with a requirement for TWAP.

1 14 (100.00%) Java
1 14 (100.00%) VWAP
2 12 (85.71%) Electronic Trading
3 11 (78.57%) Finance
4 10 (71.43%) Low Latency
4 10 (71.43%) Algorithmic Trading
4 10 (71.43%) Multithreading
5 9 (64.29%) Analytical Skills
5 9 (64.29%) Equities
5 9 (64.29%) Banking
6 8 (57.14%) Data Management
6 8 (57.14%) Data Analysis
6 8 (57.14%) C#
6 8 (57.14%) PL/SQL
6 8 (57.14%) SQL
6 8 (57.14%) Oracle
6 8 (57.14%) Windows
6 8 (57.14%) Linux
6 8 (57.14%) KDB
6 8 (57.14%) Index Arbitrage
6 8 (57.14%) Analytics
6 8 (57.14%) Performance Metrics
6 8 (57.14%) Fintech
6 8 (57.14%) Kdb+
6 8 (57.14%) Arbitrage Trading
7 6 (42.86%) Algorithms
7 6 (42.86%) Investment Banking
8 5 (35.71%) Scrum
9 4 (28.57%) Statistics
9 4 (28.57%) TCP/IP

TWAP
Top Related IT Skills 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 4 (28.57%) Multicast
1 4 (28.57%) TCP/IP
2 2 (14.29%) FIX Connectivity
Database & Business Intelligence
1 8 (57.14%) KDB
1 8 (57.14%) Kdb+
2 4 (28.57%) Tick Data
Development Applications
1 2 (14.29%) Eclipse
1 2 (14.29%) Git (software)
1 2 (14.29%) IntelliJ
1 2 (14.29%) Subversion
General
1 11 (78.57%) Finance
2 9 (64.29%) Banking
3 6 (42.86%) Investment Banking
4 2 (14.29%) Front Office
Job Titles
1 14 (100.00%) Developer
1 14 (100.00%) Java Developer
2 6 (42.86%) Electronic Trading Developer
2 6 (42.86%) Electronic Trading Java Developer
3 4 (28.57%) Investment Banking Java Developer
3 4 (28.57%) Senior Developer
3 4 (28.57%) Senior Java Developer
4 3 (21.43%) Java Pricing Developer
5 1 (7.14%) Agile Developer
5 1 (7.14%) Agile Java Developer
5 1 (7.14%) Java Software Developer
5 1 (7.14%) Low Latency Java Developer
5 1 (7.14%) Oracle Developer
5 1 (7.14%) Pricing Specialist
5 1 (7.14%) Senior Data Warehouse Specialist
5 1 (7.14%) Software Developer
5 1 (7.14%) SQL Developer
Libraries, Frameworks & Software Standards
1 2 (14.29%) FIX Protocol
Miscellaneous
1 14 (100.00%) VWAP
2 9 (64.29%) Analytical Skills
2 9 (64.29%) Equities
3 8 (57.14%) Fintech
4 6 (42.86%) Algorithms
5 4 (28.57%) Enterprise Software
5 4 (28.57%) Foreign Exchange (FX)
6 2 (14.29%) Computer Science
7 1 (7.14%) Field-Programmable Gate Array
Operating Systems
1 8 (57.14%) Linux
1 8 (57.14%) Windows
Processes & Methodologies
1 12 (85.71%) Electronic Trading
2 10 (71.43%) Algorithmic Trading
2 10 (71.43%) Low Latency
2 10 (71.43%) Multithreading
3 8 (57.14%) Analytics
3 8 (57.14%) Arbitrage Trading
3 8 (57.14%) Data Analysis
3 8 (57.14%) Data Management
3 8 (57.14%) Index Arbitrage
3 8 (57.14%) Performance Metrics
4 5 (35.71%) Scrum
5 4 (28.57%) Concurrent Programming
5 4 (28.57%) Market Making
5 4 (28.57%) Multithreaded Programming
5 4 (28.57%) Performance Tuning
5 4 (28.57%) Statistics
6 3 (21.43%) Agile Software Development
6 3 (21.43%) TDD
7 2 (14.29%) E-business
7 2 (14.29%) E-Commerce
Programming Languages
1 14 (100.00%) Java
2 8 (57.14%) C#
2 8 (57.14%) PL/SQL
2 8 (57.14%) SQL
3 1 (7.14%) C++
Qualifications
1 2 (14.29%) Degree
Quality Assurance & Compliance
1 2 (14.29%) QA
Vendors
1 8 (57.14%) Oracle
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