The 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 4 March 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
4 Mar 2015
Same period 2014 Same period 2013
Foreign Exchange (FX)
Rank 17 14 13
Rank change year-on-year
-3 -1
Contract jobs citing Foreign Exchange (FX) 2 15 39
As % of all contract IT jobs located in Canary Wharf 2.20% 8.47% 11.78%
As % of the Miscellaneous category 4.65% 16.48% 26.90%
Number of daily rates quoted 2 13 32
Average daily rate
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of your Daily Rate
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£563 £1,000 £600
Average daily rate % change year-on-year
-43.75% +66.66%
90% offered a daily rate of more than £533 £525 £475
10% offered a daily rate of more than £593 £1,000 £698
UK excluding London average daily rate £433 £450 £425
% change year-on-year
-3.88% +5.88%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £42.50
UK excluding London average hourly rate - £47.00 £20.50
% change year-on-year
- +129.26%
Foreign Exchange (FX)
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
43 91 145
As % of all contract IT jobs located in Canary Wharf 47.25% 51.41% 43.81%
Number of daily rates quoted 33 64 91
Average daily rate £500 £590 £550
Average daily rate % change year-on-year
-15.25% +7.27%
90% offered a daily rate of more than £425 £425 £450
10% offered a daily rate of more than £800 £1,000 £675
UK excluding London average daily rate £375 £350 £335
% change year-on-year
+7.14% +4.47%
Number of hourly rates quoted 0 6 1
Average hourly rate - £28.00 £42.50
Average hourly rate % change year-on-year
- -34.11%
UK excluding London average hourly rate £18.50 £17.68 £20.00
% change year-on-year
+4.63% -11.60%

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 4 March 2015, 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 3 (60.00%) SQL
1 3 (60.00%) Equities
1 3 (60.00%) Banking
1 3 (60.00%) User Acceptance Testing
2 2 (40.00%) Investment Banking
2 2 (40.00%) Derivative
2 2 (40.00%) Degree
2 2 (40.00%) Java
2 2 (40.00%) Credit Risk
2 2 (40.00%) Agile Software Development
2 2 (40.00%) Analytics
3 1 (20.00%) Akka
3 1 (20.00%) Play Framework
3 1 (20.00%) Relational Database
3 1 (20.00%) Dodd-Frank
3 1 (20.00%) Impala
3 1 (20.00%) Functional Programming
3 1 (20.00%) Analytical Skills
3 1 (20.00%) Apache Spark
3 1 (20.00%) Logical Data Model
3 1 (20.00%) Risk Management
3 1 (20.00%) Workflow
3 1 (20.00%) Finance
3 1 (20.00%) XML Messaging
3 1 (20.00%) Replication
3 1 (20.00%) Fixed Income
3 1 (20.00%) TDD
3 1 (20.00%) Data Management
3 1 (20.00%) Credit Derivative
3 1 (20.00%) ISEB Practitioner

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

For the 6 months to 4 March 2015, 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 (20.00%) Apache Spark
Applications
1 1 (20.00%) MS Excel
1 1 (20.00%) MS Visio
1 1 (20.00%) MS PowerPoint
Database & Business Intelligence
1 1 (20.00%) Relational Database
1 1 (20.00%) Impala
1 1 (20.00%) OLAP
1 1 (20.00%) RDBMS
1 1 (20.00%) QlikView
1 1 (20.00%) BusinessObjects XI
1 1 (20.00%) SQL Server Analysis Services
1 1 (20.00%) Hadoop
1 1 (20.00%) Apache Hive
1 1 (20.00%) HBase
1 1 (20.00%) Big Data
General
1 3 (60.00%) Banking
2 2 (40.00%) Investment Banking
3 1 (20.00%) Finance
3 1 (20.00%) Corporate Banking
Job Titles
1 2 (40.00%) Java Developer
1 2 (40.00%) Business Analyst
1 2 (40.00%) Developer
1 2 (40.00%) Analyst
2 1 (20.00%) Test Manager
2 1 (20.00%) Release Manager
2 1 (20.00%) Flex Developer
2 1 (20.00%) GUI Developer
2 1 (20.00%) Banking Business Analyst
Libraries, Frameworks & Software Standards
1 1 (20.00%) Akka
1 1 (20.00%) Play Framework
1 1 (20.00%) XML Messaging
1 1 (20.00%) .NET
1 1 (20.00%) XML
1 1 (20.00%) JMS
1 1 (20.00%) HTML
1 1 (20.00%) Apache Flex
1 1 (20.00%) WPF
1 1 (20.00%) HTML5
1 1 (20.00%) REST
Miscellaneous
1 3 (60.00%) Equities
2 2 (40.00%) Derivative
2 2 (40.00%) Credit Risk
3 1 (20.00%) Analytical Skills
3 1 (20.00%) Replication
3 1 (20.00%) Fixed Income
3 1 (20.00%) Credit Derivative
3 1 (20.00%) Market Risk
3 1 (20.00%) DTCC
Operating Systems
1 1 (20.00%) UNIX
1 1 (20.00%) Windows
Processes & Methodologies
1 3 (60.00%) User Acceptance Testing
2 2 (40.00%) Agile Software Development
2 2 (40.00%) Analytics
3 1 (20.00%) Functional Programming
3 1 (20.00%) Logical Data Model
3 1 (20.00%) Risk Management
3 1 (20.00%) Workflow
3 1 (20.00%) TDD
3 1 (20.00%) Data Management
3 1 (20.00%) OO
3 1 (20.00%) E-Commerce
3 1 (20.00%) Data Modelling
3 1 (20.00%) Project Management
3 1 (20.00%) Requirements Analysis
3 1 (20.00%) Business Analysis
3 1 (20.00%) Software Testing
3 1 (20.00%) Test Management
3 1 (20.00%) Multithreading
3 1 (20.00%) Data Architecture
3 1 (20.00%) Greeks
Programming Languages
1 3 (60.00%) SQL
2 2 (40.00%) Java
3 1 (20.00%) Scala
Qualifications
1 2 (40.00%) Degree
2 1 (20.00%) ISEB Practitioner
2 1 (20.00%) Postgraduate
2 1 (20.00%) ISEB
2 1 (20.00%) CFA
Quality Assurance & Compliance
1 1 (20.00%) Dodd-Frank
1 1 (20.00%) Sarbanes-Oxley
1 1 (20.00%) Basel III
System Software
1 1 (20.00%) Apache Flume
Systems Management
1 1 (20.00%) HP Quality Center