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 1 September 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
1 Sep 2015
Same period 2014 Same period 2013
Foreign Exchange (FX)
Rank 23 20 17
Rank change year-on-year
-3 -3
Contract jobs citing Foreign Exchange (FX) 7 3 23
As % of all contract IT jobs located in Canary Wharf 3.83% 2.56% 10.55%
As % of the Miscellaneous category 9.33% 5.66% 17.42%
Number of daily rates quoted 4 3 22
Average daily rate
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of your Daily Rate
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£525 £575 £700
Average daily rate % change year-on-year
-8.69% -17.85%
UK excluding London average daily rate £538 £400 £450
% change year-on-year
+34.37% -11.11%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - £49.00
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
75 53 132
As % of all contract IT jobs located in Canary Wharf 40.98% 45.30% 60.55%
Number of daily rates quoted 47 24 89
Average daily rate £475 £450 £650
Average daily rate % change year-on-year
+5.55% -30.76%
90% offered a daily rate of more than £359 £300 £368
10% offered a daily rate of more than £550 £560 £700
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 1 7 0
Average hourly rate £35.75 £18.00 -
Average hourly rate % change year-on-year
+98.61% -
UK excluding London average hourly rate £21.32 £20.00 £17.50
% change year-on-year
+6.61% +14.28%

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 1 September 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 1 September 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 7 (63.64%) User Acceptance Testing
2 6 (54.55%) C++
2 6 (54.55%) Finance
3 5 (45.45%) Agile Software Development
3 5 (45.45%) Linux
3 5 (45.45%) E-Commerce
3 5 (45.45%) Multithreading
4 4 (36.36%) Performance Testing
4 4 (36.36%) Front Office
4 4 (36.36%) Equities
4 4 (36.36%) Derivative
5 3 (27.27%) Degree
5 3 (27.27%) Scrum
5 3 (27.27%) XML
5 3 (27.27%) Windows
5 3 (27.27%) C#
5 3 (27.27%) SQL
5 3 (27.27%) Straight-Through Processing
6 2 (18.18%) Kanban
6 2 (18.18%) Test Management
6 2 (18.18%) Risk Management
6 2 (18.18%) Gherkin
6 2 (18.18%) SDLC
6 2 (18.18%) Java
6 2 (18.18%) Swing
6 2 (18.18%) Middleware
6 2 (18.18%) Microsoft
6 2 (18.18%) Fixed Income
6 2 (18.18%) QA
7 1 (9.09%) FitNesse

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

For the 6 months to 1 September 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 (9.09%) Oracle Coherence
Communications & Networking
1 1 (9.09%) WAN
1 1 (9.09%) Intranet
1 1 (9.09%) VLAN
1 1 (9.09%) SWIFTNet
Database & Business Intelligence
1 1 (9.09%) DB2
1 1 (9.09%) Relational Database
Development Applications
1 1 (9.09%) ClearCase
1 1 (9.09%) JIRA
1 1 (9.09%) FitNesse
1 1 (9.09%) Team Foundation Server
1 1 (9.09%) Cucumber
1 1 (9.09%) SpecFlow
General
1 6 (54.55%) Finance
2 4 (36.36%) Front Office
3 1 (9.09%) Back Office
3 1 (9.09%) Banking
3 1 (9.09%) Investment Banking
Job Titles
1 5 (45.45%) Developer
2 4 (36.36%) Analyst
2 4 (36.36%) C++ Developer
3 3 (27.27%) Business Analyst
4 1 (9.09%) Programme Manager
4 1 (9.09%) Test Manager
4 1 (9.09%) Senior Analyst
4 1 (9.09%) C# Developer
4 1 (9.09%) Technical Analyst
4 1 (9.09%) Technical Business Analyst
4 1 (9.09%) QA Analyst
4 1 (9.09%) Senior QA Analyst
4 1 (9.09%) Programme Test Manager
4 1 (9.09%) Agile Business Analyst
Libraries, Frameworks & Software Standards
1 3 (27.27%) XML
2 2 (18.18%) Swing
2 2 (18.18%) Middleware
2 2 (18.18%) Gherkin
3 1 (9.09%) .NET
3 1 (9.09%) ASP.NET
3 1 (9.09%) Web Services
3 1 (9.09%) XML Messaging
Miscellaneous
1 4 (36.36%) Equities
1 4 (36.36%) Derivative
2 2 (18.18%) Fixed Income
3 1 (9.09%) Grid Computing
3 1 (9.09%) Credit Derivative
3 1 (9.09%) Interest Rate Derivative
3 1 (9.09%) Computer Science
3 1 (9.09%) Credit Risk
3 1 (9.09%) SWIFT
3 1 (9.09%) Analytical Skills
3 1 (9.09%) Client/Server
Operating Systems
1 5 (45.45%) Linux
2 3 (27.27%) Windows
3 1 (9.09%) AIX
Processes & Methodologies
1 7 (63.64%) User Acceptance Testing
2 5 (45.45%) Multithreading
2 5 (45.45%) Agile Software Development
2 5 (45.45%) E-Commerce
3 4 (36.36%) Performance Testing
4 3 (27.27%) Scrum
4 3 (27.27%) Straight-Through Processing
5 2 (18.18%) Kanban
5 2 (18.18%) SDLC
5 2 (18.18%) Risk Management
5 2 (18.18%) Test Management
6 1 (9.09%) Time Management
6 1 (9.09%) Data Analysis
6 1 (9.09%) Software Testing
6 1 (9.09%) Requirements Analysis
6 1 (9.09%) Business Development
6 1 (9.09%) Quantitative Analysis
6 1 (9.09%) Workflow
6 1 (9.09%) Migration
6 1 (9.09%) PRINCE2
Programming Languages
1 6 (54.55%) C++
2 3 (27.27%) C#
2 3 (27.27%) SQL
3 2 (18.18%) Java
4 1 (9.09%) C
4 1 (9.09%) Python
4 1 (9.09%) PowerShell
Qualifications
1 3 (27.27%) Degree
2 1 (9.09%) PMP
2 1 (9.09%) PMI Certification
Quality Assurance & Compliance
1 2 (18.18%) QA
2 1 (9.09%) EMIR
Vendors
1 2 (18.18%) Microsoft
2 1 (9.09%) TIBCO
2 1 (9.09%) Thunderhead
2 1 (9.09%) DataSynapse
2 1 (9.09%) Solace
2 1 (9.09%) Talarian
2 1 (9.09%) Oracle
2 1 (9.09%) Cisco
2 1 (9.09%) IBM