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 24 October 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
24 Oct 2014
Same period 2013 Same period 2012
Foreign Exchange (FX)
Rank 18 17 26
Rank change year-on-year
-1 +9
Contract jobs citing Foreign Exchange (FX) 5 20 31
As % of all contract IT jobs located in Canary Wharf 4.76% 10.42% 7.69%
As % of the Miscellaneous category 11.36% 18.87% 14.35%
Number of daily rates quoted 3 18 25
Average daily rate
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of your Daily Rate
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£575 £675 £550
Average daily rate % change year-on-year
-14.81% +22.72%
90% offered a daily rate of more than £515 £525 £470
10% offered a daily rate of more than £635 £700 £625
UK excluding London average daily rate £400 £450 £245
% change year-on-year
-11.11% +83.67%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £90.00 -
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
44 106 216
As % of all contract IT jobs located in Canary Wharf 41.90% 55.21% 53.60%
Number of daily rates quoted 27 74 165
Average daily rate £425 £585 £550
Average daily rate % change year-on-year
-27.35% +6.36%
90% offered a daily rate of more than £220 £375 £450
10% offered a daily rate of more than £650 £700 £650
UK excluding London average daily rate £351 £350 £350
% change year-on-year
+0.30% -
Number of hourly rates quoted 2 0 1
Average hourly rate £27.50 - £25.00
UK excluding London average hourly rate £17.50 £18.00 £21.00
% change year-on-year
-2.77% -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 24 October 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 24 October 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 (50.00%) Banking
2 2 (33.33%) Finance
2 2 (33.33%) Business Analysis
2 2 (33.33%) Front Office
2 2 (33.33%) Project Management
2 2 (33.33%) User Acceptance Testing
2 2 (33.33%) Equities
2 2 (33.33%) Agile Software Development
3 1 (16.67%) Test Management
3 1 (16.67%) HP Quality Center
3 1 (16.67%) Test Strategy
3 1 (16.67%) Agile Testing
3 1 (16.67%) Analytics
3 1 (16.67%) Sarbanes-Oxley
3 1 (16.67%) Risk Management
3 1 (16.67%) SQL
3 1 (16.67%) MS Project
3 1 (16.67%) MS Office
3 1 (16.67%) XML
3 1 (16.67%) PRINCE2
3 1 (16.67%) UML
3 1 (16.67%) Python
3 1 (16.67%) MS Excel
3 1 (16.67%) MS Visio
3 1 (16.67%) Microsoft
3 1 (16.67%) ISEB
3 1 (16.67%) PMI
3 1 (16.67%) PMI Certification
3 1 (16.67%) Software Testing
3 1 (16.67%) MS PowerPoint

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

For the 6 months to 24 October 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 (16.67%) MS Project Server
Applications
1 1 (16.67%) MS Project
1 1 (16.67%) MS Office
1 1 (16.67%) MS Excel
1 1 (16.67%) MS Visio
1 1 (16.67%) MS PowerPoint
General
1 3 (50.00%) Banking
2 2 (33.33%) Front Office
2 2 (33.33%) Finance
3 1 (16.67%) Investment Banking
3 1 (16.67%) Corporate Banking
Job Titles
1 3 (50.00%) Analyst
1 3 (50.00%) Business Analyst
2 1 (16.67%) Developer
2 1 (16.67%) Project Manager
2 1 (16.67%) Test Manager
2 1 (16.67%) Senior Business Analyst
2 1 (16.67%) Senior Analyst
2 1 (16.67%) Release Manager
2 1 (16.67%) Python Developer
2 1 (16.67%) Banking Business Analyst
2 1 (16.67%) Agile Business Analyst
Libraries, Frameworks & Software Standards
1 1 (16.67%) XML
1 1 (16.67%) XML Messaging
Miscellaneous
1 2 (33.33%) Equities
2 1 (16.67%) Derivative
2 1 (16.67%) DTCC
2 1 (16.67%) Credit Risk
2 1 (16.67%) PMI
Processes & Methodologies
1 2 (33.33%) Project Management
1 2 (33.33%) User Acceptance Testing
1 2 (33.33%) Agile Software Development
1 2 (33.33%) Business Analysis
2 1 (16.67%) Software Testing
2 1 (16.67%) Test Management
2 1 (16.67%) Test Strategy
2 1 (16.67%) Agile Testing
2 1 (16.67%) Analytics
2 1 (16.67%) Risk Management
2 1 (16.67%) PRINCE2
2 1 (16.67%) UML
Programming Languages
1 1 (16.67%) SQL
1 1 (16.67%) Python
Qualifications
1 1 (16.67%) ISEB
1 1 (16.67%) PMI Certification
1 1 (16.67%) ISEB Practitioner
1 1 (16.67%) CFA
1 1 (16.67%) Degree
Quality Assurance & Compliance
1 1 (16.67%) Sarbanes-Oxley
Systems Management
1 1 (16.67%) HP Quality Center
Vendors
1 1 (16.67%) Microsoft