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 29 April 2016 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.

3 months to
29 Apr 2016
Same period 2015 Same period 2014
Derivatives
Rank 18 16 15
Rank change year-on-year
-2 -1
Contract jobs citing Derivative 6 11 7
As % of all contract IT jobs located in Canary Wharf 4.69% 8.46% 5.11%
As % of the Miscellaneous category 13.64% 13.92% 10.61%
Number of daily rates quoted 6 11 7
Average daily rate £588 £550 £750
Average daily rate % change year-on-year
+6.81% -26.66%
UK excluding London average daily rate £338 £394 £375
% change year-on-year
-14.28% +5.00%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - £42.00
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
44 79 66
As % of all contract IT jobs located in Canary Wharf 34.38% 60.77% 48.18%
Number of daily rates quoted 35 49 49
Average daily rate £493 £525 £590
Average daily rate % change year-on-year
-6.19% -11.01%
90% offered a daily rate of more than £396 £411 £300
10% offered a daily rate of more than £685 £600 £960
UK excluding London average daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 1 2 4
Average hourly rate £26.00 £12.50 £28.00
Average hourly rate % change year-on-year
+108.00% -55.35%
UK excluding London average hourly rate £21.50 £18.88 £20.00
% change year-on-year
+13.87% -5.60%

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 29 April 2016.

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 29 April 2016, 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 5 (62.50%) C++
2 4 (50.00%) .NET
2 4 (50.00%) Equity Derivative
2 4 (50.00%) C#
3 3 (37.50%) Multithreading
3 3 (37.50%) Agile Software Development
3 3 (37.50%) Finance
3 3 (37.50%) Windows
3 3 (37.50%) Front Office
3 3 (37.50%) MFC
3 3 (37.50%) Oracle
3 3 (37.50%) SQL Server
3 3 (37.50%) Java
3 3 (37.50%) ATL
3 3 (37.50%) VC++
4 2 (25.00%) Python
4 2 (25.00%) RDBMS
4 2 (25.00%) OpenLink
4 2 (25.00%) Endur
4 2 (25.00%) STL
4 2 (25.00%) Management Information System
4 2 (25.00%) OOP
4 2 (25.00%) OO
4 2 (25.00%) Fixed Income
4 2 (25.00%) Market Making
4 2 (25.00%) Analytics
4 2 (25.00%) Relational Database
4 2 (25.00%) Banking
4 2 (25.00%) ETRM
4 2 (25.00%) Boost C++ Libraries

Derivative
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 29 April 2016, 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.

Business Applications
1 2 (25.00%) Endur
Database & Business Intelligence
1 3 (37.50%) SQL Server
2 2 (25.00%) KDB
2 2 (25.00%) RDBMS
2 2 (25.00%) Relational Database
General
1 3 (37.50%) Finance
1 3 (37.50%) Front Office
2 2 (25.00%) Banking
3 1 (12.50%) Investment Banking
Job Titles
1 6 (75.00%) Developer
2 4 (50.00%) C++ Developer
3 3 (37.50%) Front Office C++ Developer
3 3 (37.50%) Front Office Developer
4 2 (25.00%) C# Developer
5 1 (12.50%) .NET Developer
5 1 (12.50%) Business Analyst
5 1 (12.50%) C# .NET Developer
5 1 (12.50%) C# Developer - Investment Banking
5 1 (12.50%) C++/C# Developer
5 1 (12.50%) C++/Java Developer
5 1 (12.50%) Java Developer
5 1 (12.50%) Project Manager
5 1 (12.50%) Technical Manager
5 1 (12.50%) Technical Project Manager
Libraries, Frameworks & Software Standards
1 4 (50.00%) .NET
2 3 (37.50%) ATL
2 3 (37.50%) MFC
3 2 (25.00%) Boost C++ Libraries
3 2 (25.00%) STL
4 1 (12.50%) ASP.NET
4 1 (12.50%) WCF
4 1 (12.50%) WPF
Miscellaneous
1 4 (50.00%) Equity Derivative
2 2 (25.00%) Fixed Income
2 2 (25.00%) Management Information System
3 1 (12.50%) Equities
Operating Systems
1 3 (37.50%) Windows
Processes & Methodologies
1 3 (37.50%) Agile Software Development
1 3 (37.50%) Multithreading
2 2 (25.00%) Analytics
2 2 (25.00%) ETRM
2 2 (25.00%) Market Making
2 2 (25.00%) OO
2 2 (25.00%) OOP
2 2 (25.00%) Risk Management
3 1 (12.50%) Automated Testing
3 1 (12.50%) Continuous Integration
3 1 (12.50%) MVVM
Programming Languages
1 5 (62.50%) C++
2 4 (50.00%) C#
3 3 (37.50%) Java
3 3 (37.50%) VC++
4 2 (25.00%) Python
5 1 (12.50%) VB.NET
5 1 (12.50%) XAML
Quality Assurance & Compliance
1 1 (12.50%) Dodd-Frank
1 1 (12.50%) EMIR
Vendors
1 3 (37.50%) Oracle
2 2 (25.00%) OpenLink
3 1 (12.50%) Fidessa
3 1 (12.50%) Infragistics
3 1 (12.50%) Sophis