The 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 28 April 2015 with a comparison to the same period in the previous 2 years.

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
28 Apr 2015
Same period 2014 Same period 2013
Derivatives
Rank 16 15 11
Rank change year-on-year
-1 -4
Contract jobs citing Derivative 11 7 49
As % of all contract IT jobs located in Canary Wharf 8.46% 5.11% 13.42%
As % of the Miscellaneous category 16.67% 11.29% 28.99%
Number of daily rates quoted 11 7 33
Average daily rate
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of your Daily Rate
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£550 £750 £600
Average daily rate % change year-on-year
-26.66% +25.00%
90% offered a daily rate of more than £450 £700 £550
10% offered a daily rate of more than £600 £750 £675
UK excluding London average daily rate £394 £375 £370
% change year-on-year
+5.00% +1.35%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £42.00 £17.00
% change year-on-year
- +147.05%
Derivative
London

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the Canary Wharf region.

Miscellaneous Category
Canary Wharf
Contract IT job ads with a match in the
Miscellaneous category
66 62 169
As % of all contract IT jobs located in Canary Wharf 50.77% 45.26% 46.30%
Number of daily rates quoted 47 45 134
Average daily rate £520 £590 £600
Average daily rate % change year-on-year
-11.86% -1.66%
90% offered a daily rate of more than £411 £300 £470
10% offered a daily rate of more than £600 £1,000 £675
UK excluding London average daily rate £375 £350 £345
% change year-on-year
+7.14% +1.44%
Number of hourly rates quoted 2 4 1
Average hourly rate £12.50 £28.00 £42.50
Average hourly rate % change year-on-year
-55.35% -34.11%
UK excluding London average hourly rate £19.00 £22.00 £21.25
% change year-on-year
-13.63% +3.52%

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
Daily Rate Histogram in Canary Wharf

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 28 April 2015.

Derivative Daily Rate Histogram 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 28 April 2015, 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 8 (66.67%) Java
1 8 (66.67%) SQL
2 7 (58.33%) Finance
3 6 (50.00%) Front Office
3 6 (50.00%) Agile Software Development
3 6 (50.00%) Degree
4 5 (41.67%) Equities
4 5 (41.67%) Banking
4 5 (41.67%) C#
4 5 (41.67%) .NET
4 5 (41.67%) UNIX
5 4 (33.33%) Linux
5 4 (33.33%) Equity Derivative
5 4 (33.33%) Investment Banking
6 3 (25.00%) TDD
6 3 (25.00%) Computer Science
6 3 (25.00%) QA
6 3 (25.00%) Multithreading
6 3 (25.00%) Risk Management
6 3 (25.00%) Fixed Income
6 3 (25.00%) Foreign Exchange (FX)
6 3 (25.00%) Relational Database
6 3 (25.00%) Solace
7 2 (16.67%) Oracle Coherence
7 2 (16.67%) Functional Programming
7 2 (16.67%) Microsoft
7 2 (16.67%) Data Modelling
7 2 (16.67%) SOA
7 2 (16.67%) OO
7 2 (16.67%) J2SE

Derivative
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 28 April 2015, 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 2 (16.67%) Oracle Coherence
2 1 (8.33%) Apache Spark
2 1 (8.33%) SharePoint
2 1 (8.33%) WebSphere
Database & Business Intelligence
1 3 (25.00%) Relational Database
2 1 (8.33%) Impala
2 1 (8.33%) SQL Server
2 1 (8.33%) OLAP
2 1 (8.33%) Data Mining
2 1 (8.33%) RDBMS
2 1 (8.33%) QlikView
2 1 (8.33%) BusinessObjects XI
2 1 (8.33%) SQL Server Analysis Services
2 1 (8.33%) SQL Server 2008
2 1 (8.33%) Hadoop
2 1 (8.33%) Apache Hive
2 1 (8.33%) HBase
2 1 (8.33%) Big Data
Development Applications
1 2 (16.67%) Maven
2 1 (8.33%) JIRA
2 1 (8.33%) Selenium
2 1 (8.33%) FitNesse
2 1 (8.33%) TeamCity
2 1 (8.33%) Team Foundation Server
2 1 (8.33%) Cucumber
2 1 (8.33%) SpecFlow
2 1 (8.33%) QuickTest Pro
2 1 (8.33%) NUnit
General
1 7 (58.33%) Finance
2 6 (50.00%) Front Office
3 5 (41.67%) Banking
4 4 (33.33%) Investment Banking
5 2 (16.67%) Retail
6 1 (8.33%) Back Office
6 1 (8.33%) Retail Banking
6 1 (8.33%) Corporate Banking
Job Titles
1 6 (50.00%) Developer
2 4 (33.33%) Analyst
2 4 (33.33%) Java Developer
3 2 (16.67%) Project Manager
3 2 (16.67%) Business Analyst
4 1 (8.33%) Tester
4 1 (8.33%) C# Developer
4 1 (8.33%) Applications Support Analyst
4 1 (8.33%) Senior Java Developer
4 1 (8.33%) Business Project Manager
4 1 (8.33%) Business Manager
4 1 (8.33%) QA Analyst
4 1 (8.33%) Senior QA Analyst
4 1 (8.33%) RAD Developer
4 1 (8.33%) 2nd Line Support Analyst
4 1 (8.33%) Automation Tester
4 1 (8.33%) C# .NET Developer
4 1 (8.33%) Front Office Developer
4 1 (8.33%) Senior Developer
4 1 (8.33%) Support Analyst
Libraries, Frameworks & Software Standards
1 5 (41.67%) .NET
2 2 (16.67%) J2SE
2 2 (16.67%) Spring
2 2 (16.67%) WPF
3 1 (8.33%) HTML5
3 1 (8.33%) REST
3 1 (8.33%) Gherkin
3 1 (8.33%) Akka
3 1 (8.33%) Play Framework
3 1 (8.33%) JSF
3 1 (8.33%) .NET Framework
3 1 (8.33%) Apache Flex
3 1 (8.33%) WCF
3 1 (8.33%) JMS
3 1 (8.33%) WebSphere MQ
3 1 (8.33%) FpML
3 1 (8.33%) ASP.NET
3 1 (8.33%) Web Services
3 1 (8.33%) XML
3 1 (8.33%) Swing
Miscellaneous
1 5 (41.67%) Equities
2 4 (33.33%) Equity Derivative
3 3 (25.00%) Computer Science
3 3 (25.00%) Foreign Exchange (FX)
3 3 (25.00%) Fixed Income
4 2 (16.67%) Market Risk
4 2 (16.67%) Interest Rate Derivative
5 1 (8.33%) Hedge funds
5 1 (8.33%) Analytical Skills
5 1 (8.33%) Client/Server
5 1 (8.33%) Replication
5 1 (8.33%) Credit Risk
5 1 (8.33%) Credit Derivative
Operating Systems
1 5 (41.67%) UNIX
2 4 (33.33%) Linux
3 1 (8.33%) Windows
Processes & Methodologies
1 6 (50.00%) Agile Software Development
2 3 (25.00%) TDD
2 3 (25.00%) Multithreading
2 3 (25.00%) Risk Management
3 2 (16.67%) Data Modelling
3 2 (16.67%) SOA
3 2 (16.67%) Software Engineering
3 2 (16.67%) Electronic Trading
3 2 (16.67%) System Testing
3 2 (16.67%) Test Automation
3 2 (16.67%) Business Process Improvement
3 2 (16.67%) BDD
3 2 (16.67%) OO
3 2 (16.67%) Test Scripting
3 2 (16.67%) Test Strategy
3 2 (16.67%) Root Cause Analysis
3 2 (16.67%) Functional Programming
4 1 (8.33%) Test Planning
4 1 (8.33%) Logical Data Model
4 1 (8.33%) OOP
Programming Languages
1 8 (66.67%) Java
1 8 (66.67%) SQL
2 5 (41.67%) C#
3 2 (16.67%) C++
3 2 (16.67%) Perl
3 2 (16.67%) PL/SQL
3 2 (16.67%) Shell Script
4 1 (8.33%) Scala
4 1 (8.33%) R
4 1 (8.33%) VBScript
4 1 (8.33%) Python
4 1 (8.33%) JavaScript
Qualifications
1 6 (50.00%) Degree
2 1 (8.33%) Postgraduate
Quality Assurance & Compliance
1 3 (25.00%) QA
2 1 (8.33%) Basel III
2 1 (8.33%) EMIR
2 1 (8.33%) Dodd-Frank
System Software
1 1 (8.33%) Apache Flume
Systems Management
1 1 (8.33%) HP Quality Center
Vendors
1 3 (25.00%) Solace
2 2 (16.67%) Oracle
2 2 (16.67%) Microsoft
3 1 (8.33%) Bloomberg
3 1 (8.33%) Perforce
3 1 (8.33%) Tradeweb
3 1 (8.33%) Actian