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 17 May 2013 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
17 May 2013
Same period 2012 Same period 2011
Derivatives
Rank 11 11 5
Rank change year-on-year
0 -6
Contract jobs citing Derivative 54 56 148
As % of all contract IT jobs located in Canary Wharf 14.03% 15.14% 29.60%
As % of the Miscellaneous category 30.00% 37.09% 41.00%
Number of daily rates quoted 40 38 138
Average daily rate £600 £550 £600
Average daily rate % change year-on-year
+9.09% -8.33%
90% offered a daily rate of more than £550 £525 £525
10% offered a daily rate of more than £675 £650 £650
UK excluding London average daily rate £388 £400 £395
% change year-on-year
-3.12% +1.26%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £17.00 £25.00 -
% change year-on-year
-32.00% -
All of the Miscellaneous Category
Canary Wharf
Contract IT job ads with a match in the
Miscellaneous category
180 151 361
As % of all contract IT jobs located in Canary Wharf 46.75% 40.81% 72.20%
Number of daily rates quoted 143 98 290
Average daily rate £600 £550 £600
Average daily rate % change year-on-year
+9.09% -8.33%
90% offered a daily rate of more than £500 £450 £475
10% offered a daily rate of more than £650 £650 £670
UK excluding London average daily rate £350 £342 £340
% change year-on-year
+2.41% +0.51%
Number of hourly rates quoted 1 0 2
Average hourly rate £42.50 - £15.00
UK excluding London average hourly rate £22.00 £24.50 £26.50
% change year-on-year
-10.20% -7.54%
Derivative
London

Derivative
Jobs Demand Trend

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.

Canary Wharf Derivative Jobs Demand Trend

Derivative
Daily Rate Trend

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

Canary Wharf Derivative Daily Rate Trend

Derivative
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Derivative across the Canary Wharf region over the 3 months to 17 May 2013.

Canary Wharf Derivative Daily Rate Histogram

Derivative
Hourly Rate Trend

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

Canary Wharf Derivative Hourly Rate Trend

Derivative
Top 30 Related IT Skills

For the 6 months to 17 May 2013, 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 39 (43.82%) Foreign Exchange (FX)
2 33 (37.08%) Banking
3 31 (34.83%) C#
3 31 (34.83%) SQL
4 27 (30.34%) Investment Banking
5 24 (26.97%) Finance
6 19 (21.35%) C++
7 16 (17.98%) OO
8 15 (16.85%) SQL Server
8 15 (16.85%) Front Office
9 14 (15.73%) Project Management
9 14 (15.73%) XML
10 13 (14.61%) Oracle
10 13 (14.61%) Multithreading
11 12 (13.48%) Market Risk
11 12 (13.48%) VBA
11 12 (13.48%) XSLT
11 12 (13.48%) WCF
12 11 (12.36%) Degree
13 10 (11.24%) Business Analysis
13 10 (11.24%) Equities
13 10 (11.24%) Credit Derivative
13 10 (11.24%) QlikView
14 9 (10.11%) SQL Server Analysis Services
14 9 (10.11%) Risk Management
14 9 (10.11%) Change Management
14 9 (10.11%) Business Objects
15 8 (8.989%) OLAP
15 8 (8.989%) SQLPlus
15 8 (8.989%) TOAD

Derivative
Top Related IT Skills by Category

For the 6 months to 17 May 2013, 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 Development
1 14 (15.73%) XML
2 12 (13.48%) XSLT
2 12 (13.48%) WCF
3 6 (6.742%) WPF
4 5 (5.618%) MDX
5 4 (4.494%) Boost C++ Libraries
5 4 (4.494%) .NET
5 4 (4.494%) STL
6 2 (2.247%) WinForms
6 2 (2.247%) Spring
7 1 (1.124%) JNI
7 1 (1.124%) Java SE
7 1 (1.124%) JSON
7 1 (1.124%) Murex MxML
7 1 (1.124%) REST
7 1 (1.124%) Drools
7 1 (1.124%) Web Services
7 1 (1.124%) J2EE
7 1 (1.124%) SOAP
7 1 (1.124%) XML Messaging
Application Platforms
1 1 (1.124%) SharePoint
1 1 (1.124%) Oracle Coherence
1 1 (1.124%) GemFire
Applications
1 2 (2.247%) MS Excel
Business Applications
1 5 (5.618%) Summit
2 2 (2.247%) RMDS
3 1 (1.124%) Algo Collateral
Communications & Networking
1 1 (1.124%) TCP/IP
Database & Business Intelligence
1 15 (16.85%) SQL Server
2 10 (11.24%) QlikView
3 9 (10.11%) SQL Server Analysis Services
4 8 (8.989%) TOAD
4 8 (8.989%) SQLPlus
4 8 (8.989%) Oracle OLAP
4 8 (8.989%) OLAP
5 4 (4.494%) Data Warehouse
5 4 (4.494%) Data Mining
Development Applications
1 1 (1.124%) JIRA
General
1 33 (37.08%) Banking
2 27 (30.34%) Investment Banking
3 24 (26.97%) Finance
4 15 (16.85%) Front Office
5 5 (5.618%) Back Office
5 5 (5.618%) Financial Institution
6 1 (1.124%) Legal
Job Titles
1 41 (46.07%) Analyst
2 37 (41.57%) Developer
3 31 (34.83%) Business Analyst
4 17 (19.10%) C# Developer
5 12 (13.48%) Project Manager
6 10 (11.24%) Market Risk Developer
7 6 (6.742%) C++ Developer
8 5 (5.618%) Java Developer
9 4 (4.494%) Data Analyst
9 4 (4.494%) Credit Risk Developer
10 3 (3.371%) Excel Developer
10 3 (3.371%) VBA Developer
10 3 (3.371%) Business Project Manager
10 3 (3.371%) Technical Business Analyst
10 3 (3.371%) Business Manager
10 3 (3.371%) Excel VBA Developer
10 3 (3.371%) Technical Analyst
10 3 (3.371%) Senior Developer
11 2 (2.247%) Analyst Developer
11 2 (2.247%) Project Analyst
Miscellaneous
1 39 (43.82%) Foreign Exchange (FX)
2 12 (13.48%) Market Risk
3 10 (11.24%) Equities
3 10 (11.24%) Credit Derivative
4 8 (8.989%) Equity Derivative
4 8 (8.989%) Credit Risk
5 7 (7.865%) Interest Rate Derivative
6 4 (4.494%) Fixed Income
7 3 (3.371%) Reference Data
7 3 (3.371%) Data Extraction
8 1 (1.124%) Grid Computing
8 1 (1.124%) Economics
8 1 (1.124%) DTCC
8 1 (1.124%) Mathematics
8 1 (1.124%) Wiki
8 1 (1.124%) Swaptions
Operating Systems
1 7 (7.865%) Windows
2 2 (2.247%) UNIX
Processes & Methodologies
1 16 (17.98%) OO
2 14 (15.73%) Project Management
3 13 (14.61%) Multithreading
4 10 (11.24%) Business Analysis
5 9 (10.11%) Change Management
5 9 (10.11%) Risk Management
6 8 (8.989%) Asset Management
6 8 (8.989%) User Acceptance Testing
6 8 (8.989%) Waterfall
6 8 (8.989%) Analytics
7 7 (7.865%) Wealth Management
8 6 (6.742%) Business Intelligence
8 6 (6.742%) Technical Architecture
8 6 (6.742%) Data Analysis
8 6 (6.742%) Disaster Recovery
8 6 (6.742%) OOP
8 6 (6.742%) Monte Carlo Method
8 6 (6.742%) Capacity Planning
9 5 (5.618%) Software Engineering
10 4 (4.494%) Systems Analysis
Programming Languages
1 31 (34.83%) C#
1 31 (34.83%) SQL
2 19 (21.35%) C++
3 12 (13.48%) VBA
4 7 (7.865%) Java
5 4 (4.494%) PowerShell
6 2 (2.247%) Python
6 2 (2.247%) JavaScript
7 1 (1.124%) F#
Qualifications
1 11 (12.36%) Degree
Quality Assurance & Compliance
1 5 (5.618%) Basel III
2 1 (1.124%) MiFID
2 1 (1.124%) QA
Vendors
1 13 (14.61%) Oracle
2 9 (10.11%) Business Objects
3 6 (6.742%) Microsoft
4 5 (5.618%) Calypso
4 5 (5.618%) DataSynapse
5 4 (4.494%) Thunderhead
5 4 (4.494%) Murex
6 3 (3.371%) Reuters
7 2 (2.247%) Sophis
8 1 (1.124%) Bloomberg
8 1 (1.124%) SunGard
8 1 (1.124%) Sybase