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 May 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 May 2015
Same period 2014 Same period 2013
Foreign Exchange (FX)
Rank 21 16 9
Rank change year-on-year
-5 -7
Contract jobs citing Foreign Exchange (FX) 5 5 67
As % of all contract IT jobs located in Canary Wharf 3.82% 3.88% 18.26%
As % of the Miscellaneous category 7.58% 8.47% 39.64%
Number of daily rates quoted 4 3 59
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 £508 £1,000 £550
10% offered a daily rate of more than £635 £1,000 £700
UK excluding London average daily rate £425 £415 £425
% change year-on-year
+2.40% -2.35%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £42.50
UK excluding London average hourly rate £13.50 £47.00 -
% change year-on-year
-71.27% -
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
66 59 169
As % of all contract IT jobs located in Canary Wharf 50.38% 45.74% 46.05%
Number of daily rates quoted 48 43 137
Average daily rate £523 £650 £600
Average daily rate % change year-on-year
-19.61% +8.33%
90% offered a daily rate of more than £441 £275 £445
10% offered a daily rate of more than £600 £1,000 £650
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 2 3 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 £22.50 £21.50
% change year-on-year
-15.55% +4.65%

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)
Daily Rate Histogram in Canary Wharf

This chart provides a histogram of daily rates quoted in contract IT jobs citing Foreign Exchange (FX) across the Canary Wharf region over the 3 months to 4 May 2015.

Foreign Exchange (FX) Daily Rate Histogram 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 May 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 4 (66.67%) Java
1 4 (66.67%) SQL
1 4 (66.67%) Windows
1 4 (66.67%) Finance
2 3 (50.00%) E-Commerce
2 3 (50.00%) C#
2 3 (50.00%) C++
2 3 (50.00%) Risk Management
2 3 (50.00%) Fixed Income
2 3 (50.00%) Equities
2 3 (50.00%) Agile Software Development
2 3 (50.00%) Derivative
2 3 (50.00%) User Acceptance Testing
2 3 (50.00%) Multithreading
3 2 (33.33%) Test Automation
3 2 (33.33%) BDD
3 2 (33.33%) Relational Database
3 2 (33.33%) Analytical Skills
3 2 (33.33%) Analytics
3 2 (33.33%) Credit Risk
3 2 (33.33%) Requirements Analysis
3 2 (33.33%) Degree
3 2 (33.33%) Swing
3 2 (33.33%) Linux
3 2 (33.33%) .NET
3 2 (33.33%) Middleware
3 2 (33.33%) Data Modelling
3 2 (33.33%) Front Office
4 1 (16.67%) Back Office
4 1 (16.67%) Migration

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

For the 6 months to 4 May 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 (16.67%) Oracle Coherence
1 1 (16.67%) Apache Spark
Database & Business Intelligence
1 2 (33.33%) Relational Database
2 1 (16.67%) RDBMS
2 1 (16.67%) OLAP
2 1 (16.67%) QlikView
2 1 (16.67%) BusinessObjects XI
2 1 (16.67%) SQL Server Analysis Services
2 1 (16.67%) Impala
2 1 (16.67%) Apache Hive
2 1 (16.67%) HBase
2 1 (16.67%) Big Data
2 1 (16.67%) Hadoop
Development Applications
1 1 (16.67%) ClearCase
1 1 (16.67%) FitNesse
1 1 (16.67%) SpecFlow
1 1 (16.67%) Cucumber
1 1 (16.67%) Team Foundation Server
General
1 4 (66.67%) Finance
2 2 (33.33%) Front Office
3 1 (16.67%) Back Office
3 1 (16.67%) Banking
3 1 (16.67%) Investment Banking
Job Titles
1 4 (66.67%) Developer
2 2 (33.33%) Java Developer
2 2 (33.33%) Analyst
3 1 (16.67%) Business Analyst
3 1 (16.67%) C++ Developer
3 1 (16.67%) C# Developer
3 1 (16.67%) Senior Analyst
3 1 (16.67%) QA Analyst
3 1 (16.67%) Senior QA Analyst
3 1 (16.67%) GUI Developer
3 1 (16.67%) Flex Developer
Libraries, Frameworks & Software Standards
1 2 (33.33%) Swing
1 2 (33.33%) .NET
1 2 (33.33%) Middleware
2 1 (16.67%) JMS
2 1 (16.67%) ASP.NET
2 1 (16.67%) Web Services
2 1 (16.67%) XML
2 1 (16.67%) HTML
2 1 (16.67%) Apache Flex
2 1 (16.67%) WPF
2 1 (16.67%) Akka
2 1 (16.67%) Play Framework
2 1 (16.67%) REST
2 1 (16.67%) Gherkin
2 1 (16.67%) HTML5
Miscellaneous
1 3 (50.00%) Fixed Income
1 3 (50.00%) Equities
1 3 (50.00%) Derivative
2 2 (33.33%) Analytical Skills
2 2 (33.33%) Credit Risk
3 1 (16.67%) Replication
3 1 (16.67%) Client/Server
3 1 (16.67%) Grid Computing
3 1 (16.67%) Credit Derivative
3 1 (16.67%) Computer Science
3 1 (16.67%) Market Risk
Operating Systems
1 4 (66.67%) Windows
2 2 (33.33%) Linux
3 1 (16.67%) UNIX
Processes & Methodologies
1 3 (50.00%) E-Commerce
1 3 (50.00%) Risk Management
1 3 (50.00%) Agile Software Development
1 3 (50.00%) User Acceptance Testing
1 3 (50.00%) Multithreading
2 2 (33.33%) Test Automation
2 2 (33.33%) BDD
2 2 (33.33%) Analytics
2 2 (33.33%) Requirements Analysis
2 2 (33.33%) Data Modelling
3 1 (16.67%) Migration
3 1 (16.67%) Scrum
3 1 (16.67%) SOA
3 1 (16.67%) OO
3 1 (16.67%) Workflow
3 1 (16.67%) TDD
3 1 (16.67%) Data Management
3 1 (16.67%) Software Testing
3 1 (16.67%) Quantitative Analysis
3 1 (16.67%) Performance Testing
Programming Languages
1 4 (66.67%) Java
1 4 (66.67%) SQL
2 3 (50.00%) C#
2 3 (50.00%) C++
3 1 (16.67%) Python
3 1 (16.67%) Scala
3 1 (16.67%) PowerShell
Qualifications
1 2 (33.33%) Degree
2 1 (16.67%) Postgraduate
Quality Assurance & Compliance
1 1 (16.67%) QA
1 1 (16.67%) Dodd-Frank
1 1 (16.67%) Basel III
System Software
1 1 (16.67%) Apache Flume
Vendors
1 1 (16.67%) Microsoft
1 1 (16.67%) TIBCO
1 1 (16.67%) Oracle
1 1 (16.67%) DataSynapse
1 1 (16.67%) Actian
1 1 (16.67%) Solace
1 1 (16.67%) Talarian