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 18 September 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
18 Sep 2014
Same period 2013 Same period 2012
Foreign Exchange (FX)
Rank 19 14 21
Rank change year-on-year
-5 +7
Contract jobs citing Foreign Exchange (FX) 4 28 30
As % of all contract IT jobs located in Canary Wharf 3.48% 13.15% 7.77%
As % of the Miscellaneous category 9.76% 23.33% 14.15%
Number of daily rates quoted 3 27 26
Average daily rate
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£575 £700 £563
Average daily rate % change year-on-year
-17.85% +24.44%
90% offered a daily rate of more than £515 £525 £475
10% offered a daily rate of more than £635 £700 £625
UK excluding London average daily rate £400 £450 £456
% change year-on-year
-11.11% -1.36%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £49.00 £25.00
% change year-on-year
- +96.00%
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
41 120 212
As % of all contract IT jobs located in Canary Wharf 35.65% 56.34% 54.92%
Number of daily rates quoted 17 84 150
Average daily rate £450 £616 £550
Average daily rate % change year-on-year
-26.94% +12.00%
90% offered a daily rate of more than £300 £359 £450
10% offered a daily rate of more than £690 £700 £650
UK excluding London average daily rate £350 £350 £345
% change year-on-year
- +1.44%
Number of hourly rates quoted 2 0 3
Average hourly rate £18.00 - £24.25
UK excluding London average hourly rate £18.90 £17.50 £26.00
% change year-on-year
+8.00% -32.69%

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 18 September 2014.

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 18 September 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 2 (40.00%) XML
1 2 (40.00%) Project Management
1 2 (40.00%) Agile Software Development
1 2 (40.00%) Banking
1 2 (40.00%) Finance
1 2 (40.00%) Front Office
2 1 (20.00%) Risk Management
2 1 (20.00%) XML Messaging
2 1 (20.00%) Equities
2 1 (20.00%) ISEB Practitioner
2 1 (20.00%) Investment Banking
2 1 (20.00%) Business Analysis
2 1 (20.00%) Software Testing
2 1 (20.00%) DTCC
2 1 (20.00%) MS Project Server
2 1 (20.00%) FIX Protocol
2 1 (20.00%) User Acceptance Testing
2 1 (20.00%) Test Management
2 1 (20.00%) Electronic Trading
2 1 (20.00%) HP Quality Center
2 1 (20.00%) Test Strategy
2 1 (20.00%) Agile Testing
2 1 (20.00%) Relational Database
2 1 (20.00%) Sarbanes-Oxley
2 1 (20.00%) C++
2 1 (20.00%) SQL
2 1 (20.00%) MS Project
2 1 (20.00%) MS Office
2 1 (20.00%) PRINCE2
2 1 (20.00%) UNIX

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

For the 6 months to 18 September 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 (20.00%) MS Project Server
Applications
1 1 (20.00%) MS Project
1 1 (20.00%) MS Office
Database & Business Intelligence
1 1 (20.00%) Relational Database
General
1 2 (40.00%) Front Office
1 2 (40.00%) Finance
1 2 (40.00%) Banking
2 1 (20.00%) Investment Banking
Job Titles
1 2 (40.00%) Developer
2 1 (20.00%) Analyst
2 1 (20.00%) Test Manager
2 1 (20.00%) Senior Business Analyst
2 1 (20.00%) Senior Analyst
2 1 (20.00%) Release Manager
2 1 (20.00%) Python Developer
2 1 (20.00%) Agile Business Analyst
2 1 (20.00%) Project Manager
2 1 (20.00%) Business Analyst
Libraries, Frameworks & Software Standards
1 2 (40.00%) XML
2 1 (20.00%) XML Messaging
2 1 (20.00%) FIX Protocol
Miscellaneous
1 1 (20.00%) PMI
1 1 (20.00%) Equities
1 1 (20.00%) DTCC
Operating Systems
1 1 (20.00%) UNIX
1 1 (20.00%) Linux
Processes & Methodologies
1 2 (40.00%) Agile Software Development
1 2 (40.00%) Project Management
2 1 (20.00%) Risk Management
2 1 (20.00%) PRINCE2
2 1 (20.00%) UML
2 1 (20.00%) OO
2 1 (20.00%) SOA
2 1 (20.00%) Business Analysis
2 1 (20.00%) Software Testing
2 1 (20.00%) User Acceptance Testing
2 1 (20.00%) Test Management
2 1 (20.00%) Electronic Trading
2 1 (20.00%) Test Strategy
2 1 (20.00%) Agile Testing
Programming Languages
1 1 (20.00%) C++
1 1 (20.00%) SQL
1 1 (20.00%) Python
Qualifications
1 1 (20.00%) ISEB
1 1 (20.00%) PMI Certification
1 1 (20.00%) ISEB Practitioner
Quality Assurance & Compliance
1 1 (20.00%) Sarbanes-Oxley
Systems Management
1 1 (20.00%) HP Quality Center
Vendors
1 1 (20.00%) Microsoft