The first table below looks at the prevalence of the term Foreign Exchange (FX) 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 Foreign Exchange (FX) over the 3 months to 18 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
18 Apr 2014
Same period 2013 Same period 2012
Foreign Exchange (FX)
Rank 19 8 14
Rank change year-on-year
-11 +6
Contract jobs citing Foreign Exchange (FX) 5 62 50
As % of all contract IT jobs located in Canary Wharf 3.25% 17.51% 12.63%
As % of the Miscellaneous category 8.06% 43.97% 34.48%
Number of daily rates quoted 3 54 34
Average daily rate £1,000 £600 £550
Average daily rate % change year-on-year
+66.66% +9.09%
UK excluding London average daily rate £385 £425 £395
% change year-on-year
-9.41% +7.59%
Number of hourly rates quoted 0 1 0
Average hourly rate - £42.50 -
UK excluding London average hourly rate £47.00 £20.50 -
% change year-on-year
+129.26% -
Miscellaneous Category
Canary Wharf
Contract IT job ads with a match in the
Miscellaneous category
62 141 145
As % of all contract IT jobs located in Canary Wharf 40.26% 39.83% 36.62%
Number of daily rates quoted 49 108 96
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 £292 £500 £420
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 £17.50 £21.00 £25.00
% change year-on-year
-16.66% -16.00%
Foreign Exchange (FX)
London

Foreign Exchange (FX)
Jobs Demand Trend in Canary Wharf

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

Foreign Exchange (FX) Jobs Demand Trend in Canary Wharf

Foreign Exchange (FX)
Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Foreign Exchange (FX) across the Canary Wharf region.

Foreign Exchange (FX) Daily Rate Trend in Canary Wharf

Foreign Exchange (FX)
Hourly Rate Trend in Canary Wharf

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Foreign Exchange (FX) across the Canary Wharf region.

Foreign Exchange (FX) Hourly Rate Trend in Canary Wharf

Foreign Exchange (FX)
Top 30 Related IT Skills in Canary Wharf

For the 6 months to 18 April 2014, IT contractor jobs across the Canary Wharf region citing Foreign Exchange (FX) 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 Foreign Exchange (FX).

1 16 (80.00%) Java
2 12 (60.00%) Low Latency
3 10 (50.00%) Computer Science
4 5 (25.00%) Banking
4 5 (25.00%) Multithreading
4 5 (25.00%) Electronic Trading
5 4 (20.00%) Investment Banking
6 3 (15.00%) Spring
6 3 (15.00%) Hibernate
6 3 (15.00%) JavaScript
6 3 (15.00%) SQL
6 3 (15.00%) Guice
6 3 (15.00%) Cairngorm
6 3 (15.00%) HTML5
6 3 (15.00%) RabbitMQ
6 3 (15.00%) HTML
6 3 (15.00%) KDB
6 3 (15.00%) Parsley
6 3 (15.00%) Guava
6 3 (15.00%) Enterprise Software
6 3 (15.00%) Apache Flex
7 2 (10.00%) Integration Testing
7 2 (10.00%) Continuous Integration
7 2 (10.00%) Relational Database
7 2 (10.00%) C#
7 2 (10.00%) C++
7 2 (10.00%) Front Office
7 2 (10.00%) FIX Protocol
8 1 (5.00%) Oracle Coherence
8 1 (5.00%) Mathematics

Foreign Exchange (FX)
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 18 April 2014, IT contractor jobs across the Canary Wharf region citing Foreign Exchange (FX) 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 Foreign Exchange (FX). Up to 20 skills are shown per category.

Application Platforms
1 1 (5.00%) Oracle Coherence
Database & Business Intelligence
1 3 (15.00%) KDB
2 2 (10.00%) Relational Database
Development Applications
1 1 (5.00%) JIRA
General
1 5 (25.00%) Banking
2 4 (20.00%) Investment Banking
3 2 (10.00%) Front Office
4 1 (5.00%) Finance
Job Titles
1 10 (50.00%) Developer
2 7 (35.00%) Java Developer
3 3 (15.00%) Flex Developer
4 1 (5.00%) Murex Business Analyst
4 1 (5.00%) Analyst
4 1 (5.00%) Front Office Developer
4 1 (5.00%) C# Developer
4 1 (5.00%) Business Analyst
4 1 (5.00%) WPF Developer
Libraries, Frameworks & Software Standards
1 3 (15.00%) Spring
1 3 (15.00%) Hibernate
1 3 (15.00%) Guice
1 3 (15.00%) Cairngorm
1 3 (15.00%) HTML5
1 3 (15.00%) RabbitMQ
1 3 (15.00%) HTML
1 3 (15.00%) Parsley
1 3 (15.00%) Guava
1 3 (15.00%) Apache Flex
2 2 (10.00%) FIX Protocol
3 1 (5.00%) .NET
3 1 (5.00%) XML
3 1 (5.00%) WCF
3 1 (5.00%) WPF
Miscellaneous
1 10 (50.00%) Computer Science
2 3 (15.00%) Enterprise Software
3 1 (5.00%) Mathematics
3 1 (5.00%) Physics
3 1 (5.00%) Derivative
3 1 (5.00%) Statistics
3 1 (5.00%) Fixed Income
3 1 (5.00%) Wiki
Operating Systems
1 1 (5.00%) UNIX
1 1 (5.00%) Linux
Processes & Methodologies
1 12 (60.00%) Low Latency
2 5 (25.00%) Multithreading
2 5 (25.00%) Electronic Trading
3 2 (10.00%) Integration Testing
3 2 (10.00%) Continuous Integration
4 1 (5.00%) Technical Architecture
4 1 (5.00%) Migration
4 1 (5.00%) OO
4 1 (5.00%) SOA
4 1 (5.00%) User Acceptance Testing
Programming Languages
1 16 (80.00%) Java
2 3 (15.00%) JavaScript
2 3 (15.00%) SQL
3 2 (10.00%) C#
3 2 (10.00%) C++
4 1 (5.00%) Perl
4 1 (5.00%) VBA
4 1 (5.00%) Python
Qualifications
1 1 (5.00%) Degree
Quality Assurance & Compliance
1 1 (5.00%) QA
Vendors
1 1 (5.00%) Perforce
1 1 (5.00%) Oracle
1 1 (5.00%) Murex