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 19 December 2014 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
19 Dec 2014
Same period 2013 Same period 2012
Foreign Exchange (FX)
Rank 20 19 31
Rank change year-on-year
-1 +12
Contract jobs citing Foreign Exchange (FX) 3 12 20
As % of all contract IT jobs located in Canary Wharf 2.65% 6.25% 5.45%
As % of the Miscellaneous category 4.76% 12.63% 11.83%
Number of daily rates quoted 2 10 11
Average daily rate
Keep up to 90%
of your Daily Rate
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£550 £650 £575
Average daily rate % change year-on-year
-15.38% +13.04%
UK excluding London average daily rate £390 £450 £425
% change year-on-year
-13.33% +5.88%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £11.38 - -
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
63 95 169
As % of all contract IT jobs located in Canary Wharf 55.75% 49.48% 46.05%
Number of daily rates quoted 49 73 125
Average daily rate £425 £550 £550
Average daily rate % change year-on-year
-22.72% -
90% offered a daily rate of more than £220 £375 £425
10% offered a daily rate of more than £600 £1,000 £601
UK excluding London average daily rate £370 £350 £340
% change year-on-year
+5.71% +2.94%
Number of hourly rates quoted 1 0 0
Average hourly rate £27.50 - -
UK excluding London average hourly rate £17.00 £19.00 £20.00
% change year-on-year
-10.52% -5.00%

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 19 December 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 3 (42.86%) Finance
1 3 (42.86%) Equities
1 3 (42.86%) Banking
1 3 (42.86%) Agile Software Development
2 2 (28.57%) Business Analysis
2 2 (28.57%) Derivative
2 2 (28.57%) Degree
2 2 (28.57%) Credit Risk
2 2 (28.57%) Front Office
2 2 (28.57%) Risk Management
2 2 (28.57%) Project Management
2 2 (28.57%) SQL
2 2 (28.57%) User Acceptance Testing
3 1 (14.29%) Test Management
3 1 (14.29%) BusinessObjects XI
3 1 (14.29%) SQL Server Analysis Services
3 1 (14.29%) Multithreading
3 1 (14.29%) Data Architecture
3 1 (14.29%) Greeks
3 1 (14.29%) Test Automation
3 1 (14.29%) Scala
3 1 (14.29%) Hadoop
3 1 (14.29%) HP Quality Center
3 1 (14.29%) HTML5
3 1 (14.29%) BDD
3 1 (14.29%) Apache Hive
3 1 (14.29%) Basel III
3 1 (14.29%) Parallel Processing
3 1 (14.29%) REST
3 1 (14.29%) Test Strategy

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

For the 6 months to 19 December 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 (14.29%) Apache Spark
1 1 (14.29%) MS Project Server
Applications
1 1 (14.29%) MS Project
1 1 (14.29%) MS Office
1 1 (14.29%) MS Excel
1 1 (14.29%) MS Visio
1 1 (14.29%) MS PowerPoint
Database & Business Intelligence
1 1 (14.29%) BusinessObjects XI
1 1 (14.29%) SQL Server Analysis Services
1 1 (14.29%) Hadoop
1 1 (14.29%) Apache Hive
1 1 (14.29%) HBase
1 1 (14.29%) Big Data
1 1 (14.29%) Relational Database
1 1 (14.29%) Impala
1 1 (14.29%) OLAP
1 1 (14.29%) RDBMS
1 1 (14.29%) QlikView
General
1 3 (42.86%) Finance
1 3 (42.86%) Banking
2 2 (28.57%) Front Office
3 1 (14.29%) Corporate Banking
3 1 (14.29%) Investment Banking
Job Titles
1 3 (42.86%) Business Analyst
1 3 (42.86%) Analyst
2 2 (28.57%) Developer
3 1 (14.29%) Agile Business Analyst
3 1 (14.29%) Project Manager
3 1 (14.29%) Test Manager
3 1 (14.29%) Senior Business Analyst
3 1 (14.29%) Java Developer
3 1 (14.29%) Senior Analyst
3 1 (14.29%) Release Manager
3 1 (14.29%) Banking Business Analyst
3 1 (14.29%) Python Developer
Libraries, Frameworks & Software Standards
1 1 (14.29%) HTML5
1 1 (14.29%) REST
1 1 (14.29%) Akka
1 1 (14.29%) Play Framework
1 1 (14.29%) .NET
1 1 (14.29%) XML
1 1 (14.29%) JMS
1 1 (14.29%) HTML
1 1 (14.29%) XML Messaging
1 1 (14.29%) WPF
Miscellaneous
1 3 (42.86%) Equities
2 2 (28.57%) Derivative
2 2 (28.57%) Credit Risk
3 1 (14.29%) PMI
3 1 (14.29%) Replication
3 1 (14.29%) Fixed Income
3 1 (14.29%) Market Risk
3 1 (14.29%) DTCC
3 1 (14.29%) Credit Derivative
Processes & Methodologies
1 3 (42.86%) Agile Software Development
2 2 (28.57%) Business Analysis
2 2 (28.57%) Risk Management
2 2 (28.57%) Project Management
2 2 (28.57%) User Acceptance Testing
3 1 (14.29%) Test Management
3 1 (14.29%) Multithreading
3 1 (14.29%) Data Architecture
3 1 (14.29%) Greeks
3 1 (14.29%) Test Automation
3 1 (14.29%) BDD
3 1 (14.29%) Parallel Processing
3 1 (14.29%) Test Strategy
3 1 (14.29%) Agile Testing
3 1 (14.29%) Analytics
3 1 (14.29%) Functional Programming
3 1 (14.29%) Logical Data Model
3 1 (14.29%) PRINCE2
3 1 (14.29%) UML
3 1 (14.29%) OO
Programming Languages
1 2 (28.57%) SQL
2 1 (14.29%) Scala
2 1 (14.29%) Python
2 1 (14.29%) Java
Qualifications
1 2 (28.57%) Degree
2 1 (14.29%) Postgraduate
2 1 (14.29%) ISEB
2 1 (14.29%) PMI Certification
2 1 (14.29%) CFA
2 1 (14.29%) ISEB Practitioner
Quality Assurance & Compliance
1 1 (14.29%) Basel III
1 1 (14.29%) Dodd-Frank
1 1 (14.29%) Sarbanes-Oxley
System Software
1 1 (14.29%) Apache Flume
Systems Management
1 1 (14.29%) HP Quality Center
Vendors
1 1 (14.29%) Microsoft