Period
to 25 July 2017

The table below looks at the prevalence of the term VWAP in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited VWAP over the 6 months to 25 July 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.

Volume-Weighted Average Price (VWAP)
UK
6 months to
25 Jul 2017
Same period 2016 Same period 2015
Rank 821 - 885
Rank change year-on-year - +885 -27
Contract jobs citing VWAP 19 0 5
As % of all contract IT jobs advertised in the UK 0.020% - 0.004%
As % of the Miscellaneous category 0.060% - 0.014%
Number of daily rates quoted 18 0 2
UK median daily rate £575 - £663
10th Percentile £525 - £651
90th Percentile £690 - £684
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

VWAP 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 31782 36308 36250
As % of all contract IT job vacancies advertised in the UK 33.40% 33.03% 31.87%
Number of daily rates quoted 20716 23831 22560
UK median daily rate £450 £425 £405
Median daily rate % change year-on-year +5.88% +4.94% +1.25%
10th Percentile £263 £255 £233
90th Percentile £638 £625 £613
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.23% +3.33% +7.14%
Number of hourly rates quoted 1036 1170 1372
UK median hourly rate £21.00 £21.00 £18.50
Median hourly rate % change year-on-year - +13.51% -7.50%
10th Percentile £11.25 £11.40 £11.06
90th Percentile £50.00 £47.76 £47.50
UK excluding London median hourly rate £20.00 £20.52 £17.50
% change year-on-year -2.51% +17.23% -10.26%

VWAP
Job Vacancy Trend

Job postings citing VWAP as a percentage of all IT jobs advertised.

Job vacancy trend for VWAP in the UK

VWAP
Contractor Daily Rate Trend

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

Contractor daily rate trend for VWAP in the UK

VWAP
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing VWAP over the 6 months to 25 July 2017.

Contractor daily rate histogram for VWAP in the UK

VWAP
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing VWAP within the UK over the 6 months to 25 July 2017. 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
London - 19 £575 -
England - 19 £575 -

For the 6 months to 25 July 2017, IT contractor jobs citing VWAP 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 VWAP.

1 19 (100.00%) Java
1 19 (100.00%) TWAP
2 17 (89.47%) Index Arbitrage
2 17 (89.47%) KDB
2 17 (89.47%) Kdb+
2 17 (89.47%) Arbitrage Trading
2 17 (89.47%) Linux
2 17 (89.47%) PL/SQL
2 17 (89.47%) SQL
2 17 (89.47%) Oracle
2 17 (89.47%) C#
2 17 (89.47%) Finance
3 15 (78.95%) Data Management
3 15 (78.95%) Data Analysis
3 15 (78.95%) Windows
3 15 (78.95%) Analytical Skills
3 15 (78.95%) Performance Metrics
3 15 (78.95%) Fintech
3 15 (78.95%) Analytics
4 14 (73.68%) Equities
5 11 (57.89%) Electronic Trading
6 10 (52.63%) Low Latency
6 10 (52.63%) Multithreading
6 10 (52.63%) Algorithmic Trading
6 10 (52.63%) Banking
6 10 (52.63%) Investment Banking
7 8 (42.11%) Automated Trading
7 8 (42.11%) Tick Data
7 8 (42.11%) Market Making
7 8 (42.11%) Statistics

VWAP
Co-occurring 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 2 (10.53%) FIX Connectivity
Database & Business Intelligence
1 17 (89.47%) KDB
1 17 (89.47%) Kdb+
2 8 (42.11%) Tick Data
3 4 (21.05%) Apache Cassandra
Development Applications
1 2 (10.53%) Eclipse
1 2 (10.53%) Git (software)
1 2 (10.53%) IntelliJ
1 2 (10.53%) Subversion
General
1 17 (89.47%) Finance
2 10 (52.63%) Banking
2 10 (52.63%) Investment Banking
3 2 (10.53%) Front Office
Job Titles
1 19 (100.00%) Developer
2 17 (89.47%) Java Developer
3 9 (47.37%) Electronic Trading Developer
3 9 (47.37%) Electronic Trading Java Developer
4 8 (42.11%) Investment Banking Java Developer
5 6 (31.58%) SQL Developer
6 5 (26.32%) Oracle Developer
7 4 (21.05%) Senior Developer
8 2 (10.53%) Applications Developer
8 2 (10.53%) Senior Applications Developer
8 2 (10.53%) Senior Java Developer
8 2 (10.53%) Senior Oracle Developer
8 2 (10.53%) Senior SQL Developer
9 1 (5.26%) Agile Developer
9 1 (5.26%) Agile Java Developer
9 1 (5.26%) Java Software Developer
9 1 (5.26%) PL/SQL Developer
9 1 (5.26%) Senior Investment Banking Java Developer
9 1 (5.26%) Senior PL/SQL Developer
9 1 (5.26%) Software Developer
Libraries, Frameworks & Software Standards
1 4 (21.05%) Kafka
2 2 (10.53%) .NET
2 2 (10.53%) ASP.NET
2 2 (10.53%) FIX Protocol
Miscellaneous
1 19 (100.00%) TWAP
2 15 (78.95%) Analytical Skills
2 15 (78.95%) Fintech
3 14 (73.68%) Equities
4 8 (42.11%) Enterprise Software
5 4 (21.05%) Algorithms
6 2 (10.53%) Computer Science
Operating Systems
1 17 (89.47%) Linux
2 15 (78.95%) Windows
Processes & Methodologies
1 17 (89.47%) Arbitrage Trading
1 17 (89.47%) Index Arbitrage
2 15 (78.95%) Analytics
2 15 (78.95%) Data Analysis
2 15 (78.95%) Data Management
2 15 (78.95%) Performance Metrics
3 11 (57.89%) Electronic Trading
4 10 (52.63%) Algorithmic Trading
4 10 (52.63%) Low Latency
4 10 (52.63%) Multithreading
5 8 (42.11%) Automated Trading
5 8 (42.11%) Market Making
5 8 (42.11%) Statistics
6 4 (21.05%) Scrum
7 2 (10.53%) Agile Software Development
7 2 (10.53%) Computational Finance
7 2 (10.53%) E-business
7 2 (10.53%) Garbage Collection
7 2 (10.53%) Quantitative Trading
7 2 (10.53%) TDD
Programming Languages
1 19 (100.00%) Java
2 17 (89.47%) C#
2 17 (89.47%) PL/SQL
2 17 (89.47%) SQL
Qualifications
1 2 (10.53%) Degree
Quality Assurance & Compliance
1 2 (10.53%) QA
Vendors
1 17 (89.47%) Oracle