The first table below looks at the prevalence of the term Derivative in IT contracts advertised for the Canary Wharf region. Included is a guide to the average contractor rates offered in IT contracts that have cited Derivative over the 3 months to 23 April 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our Miscellaneous category for the Canary Wharf region.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
23 Apr 2014
Same period 2013 Same period 2012
Derivatives
Rank 16 11 17
Rank change year-on-year
-5 +6
Contract jobs citing Derivative 7 48 50
As % of all contract IT jobs located in Canary Wharf 4.79% 13.04% 12.44%
As % of the Miscellaneous category 11.86% 32.00% 33.56%
Number of daily rates quoted 7 32 38
Average daily rate £750 £600 £550
Average daily rate % change year-on-year
+25.00% +9.09%
UK excluding London average daily rate £375 £354 £400
% change year-on-year
+6.00% -11.56%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £42.00 £17.00 £25.00
% change year-on-year
+147.05% -32.00%
Miscellaneous Category
Canary Wharf
Contract IT job ads with a match in the
Miscellaneous category
59 150 149
As % of all contract IT jobs located in Canary Wharf 40.41% 40.76% 37.06%
Number of daily rates quoted 46 118 99
Average daily rate £590 £600 £550
Average daily rate % change year-on-year
-1.66% +9.09%
90% offered a daily rate of more than £241 £500 £425
10% offered a daily rate of more than £800 £675 £650
UK excluding London average daily rate £345 £340 £350
% change year-on-year
+1.47% -2.85%
Number of hourly rates quoted 1 1 0
Average hourly rate £28.00 £42.50 -
Average hourly rate % change year-on-year
-34.11% -
UK excluding London average hourly rate £18.00 £20.00 £25.00
% change year-on-year
-10.00% -20.00%
Derivative
London

Derivative
Jobs Demand Trend in Canary Wharf

This chart provides a 3-month moving total of IT contractor jobs citing Derivative across the Canary Wharf region as a proportion of the total demand within the Miscellaneous category.

Derivative Jobs Demand Trend in Canary Wharf

Derivative
Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Derivative across the Canary Wharf region.

Derivative Daily Rate Trend in Canary Wharf

Derivative
Hourly Rate Trend in Canary Wharf

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Derivative across the Canary Wharf region.

Derivative Hourly Rate Trend in Canary Wharf

Derivative
Top 30 Related IT Skills in Canary Wharf

For the 6 months to 23 April 2014, IT contractor jobs across the Canary Wharf region citing Derivative also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Derivative.

1 9 (56.25%) Fixed Income
2 7 (43.75%) C++
2 7 (43.75%) Banking
2 7 (43.75%) Investment Banking
2 7 (43.75%) Scala
2 7 (43.75%) Analytics
3 5 (31.25%) Multithreading
3 5 (31.25%) Perl
4 4 (25.00%) Java
4 4 (25.00%) Python
4 4 (25.00%) Finance
4 4 (25.00%) Continuous Integration
4 4 (25.00%) Jenkins
5 3 (18.75%) Enterprise Software
5 3 (18.75%) RabbitMQ
5 3 (18.75%) Low Latency
5 3 (18.75%) Equity Derivative
5 3 (18.75%) Guice
5 3 (18.75%) Guava
5 3 (18.75%) Spring
5 3 (18.75%) WPF
5 3 (18.75%) Windows 7
5 3 (18.75%) Perforce
5 3 (18.75%) Hibernate
5 3 (18.75%) C#
5 3 (18.75%) Front Office
5 3 (18.75%) Windows XP
5 3 (18.75%) Windows
5 3 (18.75%) Linux
5 3 (18.75%) Ant

Derivative
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 23 April 2014, IT contractor jobs across the Canary Wharf region citing Derivative also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Derivative. Up to 20 skills are shown per category.

Application Platforms
1 1 (6.25%) Oracle Coherence
1 1 (6.25%) Mule
1 1 (6.25%) MQSeries
Database & Business Intelligence
1 1 (6.25%) DB2
Development Applications
1 4 (25.00%) Jenkins
2 3 (18.75%) Ant
2 3 (18.75%) Visual Studio
3 1 (6.25%) JIRA
3 1 (6.25%) FxCop
General
1 7 (43.75%) Banking
1 7 (43.75%) Investment Banking
2 4 (25.00%) Finance
3 3 (18.75%) Front Office
Job Titles
1 11 (68.75%) Developer
2 4 (25.00%) C++ Quantitative Developer
2 4 (25.00%) Quantitative Developer
2 4 (25.00%) Java Developer
2 4 (25.00%) C++ Developer
3 3 (18.75%) Build and Release Manager
3 3 (18.75%) Build Manager
3 3 (18.75%) Release Manager
4 2 (12.50%) WPF Developer
4 2 (12.50%) C# Developer
5 1 (6.25%) .NET Developer
5 1 (6.25%) Applications Manager
5 1 (6.25%) Production Manager
5 1 (6.25%) C# .NET Developer
5 1 (6.25%) Business Analyst
5 1 (6.25%) Analyst
5 1 (6.25%) Front Office Developer
5 1 (6.25%) Senior Developer
5 1 (6.25%) Service Manager
Libraries, Frameworks & Software Standards
1 3 (18.75%) RabbitMQ
1 3 (18.75%) Guice
1 3 (18.75%) Guava
1 3 (18.75%) Spring
1 3 (18.75%) WPF
1 3 (18.75%) Hibernate
2 2 (12.50%) .NET
3 1 (6.25%) WCF
3 1 (6.25%) Reactive Extensions
3 1 (6.25%) Struts
3 1 (6.25%) Web Services
3 1 (6.25%) XML
3 1 (6.25%) JMS
3 1 (6.25%) Unity DI Container
Miscellaneous
1 9 (56.25%) Fixed Income
2 3 (18.75%) Enterprise Software
2 3 (18.75%) Equity Derivative
3 1 (6.25%) Credit Derivative
3 1 (6.25%) Interest Rate Derivative
3 1 (6.25%) Inversion of Control
3 1 (6.25%) Foreign Exchange (FX)
3 1 (6.25%) Equities
Operating Systems
1 3 (18.75%) Windows 7
1 3 (18.75%) Windows XP
1 3 (18.75%) Windows
1 3 (18.75%) Linux
Processes & Methodologies
1 7 (43.75%) Analytics
2 5 (31.25%) Multithreading
3 4 (25.00%) Continuous Integration
4 3 (18.75%) Low Latency
5 2 (12.50%) Electronic Trading
6 1 (6.25%) TDD
6 1 (6.25%) Incident Management
6 1 (6.25%) ITIL
6 1 (6.25%) OO
6 1 (6.25%) OOD
6 1 (6.25%) SOA
6 1 (6.25%) GAP Analysis
Programming Languages
1 7 (43.75%) C++
1 7 (43.75%) Scala
2 5 (31.25%) Perl
3 4 (25.00%) Java
3 4 (25.00%) Python
4 3 (18.75%) C#
5 2 (12.50%) SQL
6 1 (6.25%) Ruby
Quality Assurance & Compliance
1 1 (6.25%) EMIR
1 1 (6.25%) Dodd-Frank
Vendors
1 3 (18.75%) Perforce
2 2 (12.50%) Sybase
3 1 (6.25%) ION Trading
3 1 (6.25%) Oracle