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 12 February 2016 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
12 Feb 2016
Same period 2015 Same period 2014
Foreign Exchange (FX)
Rank 20 20 19
Rank change year-on-year
0 -1
Contract jobs citing Foreign Exchange (FX) 1 2 12
As % of all contract IT jobs located in Canary Wharf 0.81% 1.98% 6.59%
As % of the Miscellaneous category 2.04% 3.64% 11.32%
Number of daily rates quoted 1 2 11
Average daily rate £360 £563 £1,000
Average daily rate % change year-on-year
-36.00% -43.75%
UK excluding London average daily rate £400 £420 £425
% change year-on-year
-4.76% -1.17%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
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
49 55 106
As % of all contract IT jobs located in Canary Wharf 39.84% 54.46% 58.24%
Number of daily rates quoted 44 43 78
Average daily rate £475 £475 £565
Average daily rate % change year-on-year
- -15.92%
90% offered a daily rate of more than £342 £220 £425
10% offered a daily rate of more than £650 £725 £1,000
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 0 0 4
Average hourly rate - - £28.00
UK excluding London average hourly rate £23.75 £17.50 £17.50
% change year-on-year
+35.71% -

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 12 February 2016, 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 (75.00%) Agile Software Development
2 2 (50.00%) Banking
2 2 (50.00%) Equities
2 2 (50.00%) C++
2 2 (50.00%) Front Office
2 2 (50.00%) Finance
2 2 (50.00%) SQL
2 2 (50.00%) XML
2 2 (50.00%) E-Commerce
2 2 (50.00%) JIRA
2 2 (50.00%) Derivative
2 2 (50.00%) Investment Banking
3 1 (25.00%) Automated Testing
3 1 (25.00%) Korn
3 1 (25.00%) C#
3 1 (25.00%) Interest Rate Derivative
3 1 (25.00%) Retail Banking
3 1 (25.00%) Corporate Banking
3 1 (25.00%) Business Development
3 1 (25.00%) Degree
3 1 (25.00%) QA
3 1 (25.00%) Quantitative Analysis
3 1 (25.00%) User Acceptance Testing
3 1 (25.00%) Test Management
3 1 (25.00%) Continuous Integration
3 1 (25.00%) Electronic Trading
3 1 (25.00%) Investment Management
3 1 (25.00%) Time Management
3 1 (25.00%) Kanban
3 1 (25.00%) TeamCity

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

For the 6 months to 12 February 2016, 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.

Communications & Networking
1 1 (25.00%) Intranet
Database & Business Intelligence
1 1 (25.00%) Relational Database
Development Applications
1 2 (50.00%) JIRA
2 1 (25.00%) ClearCase
2 1 (25.00%) Maven
2 1 (25.00%) TeamCity
General
1 2 (50.00%) Banking
1 2 (50.00%) Finance
1 2 (50.00%) Front Office
1 2 (50.00%) Investment Banking
2 1 (25.00%) Corporate Banking
2 1 (25.00%) Retail
2 1 (25.00%) Retail Banking
Job Titles
1 2 (50.00%) Analyst
2 1 (25.00%) Business Analyst
2 1 (25.00%) C++ Developer
2 1 (25.00%) Developer
2 1 (25.00%) FX Test Analyst
2 1 (25.00%) IT Analyst
2 1 (25.00%) Programme Manager
2 1 (25.00%) Programme Test Manager
2 1 (25.00%) Risk Manager
2 1 (25.00%) Technical Analyst
2 1 (25.00%) Technical Business Analyst
2 1 (25.00%) Test Analyst
2 1 (25.00%) Test Manager
2 1 (25.00%) Test Programme Manager
Libraries, Frameworks & Software Standards
1 2 (50.00%) XML
2 1 (25.00%) Gherkin
2 1 (25.00%) Swing
2 1 (25.00%) XML Messaging
Miscellaneous
1 2 (50.00%) Derivative
1 2 (50.00%) Equities
2 1 (25.00%) Client/Server
2 1 (25.00%) Credit Derivative
2 1 (25.00%) Interest Rate Derivative
Operating Systems
1 1 (25.00%) Linux
Processes & Methodologies
1 3 (75.00%) Agile Software Development
2 2 (50.00%) E-Commerce
3 1 (25.00%) Automated Testing
3 1 (25.00%) Automation Testing
3 1 (25.00%) Build Automation
3 1 (25.00%) Business Development
3 1 (25.00%) Data Analysis
3 1 (25.00%) Functional Testing
3 1 (25.00%) OO
3 1 (25.00%) OOP
3 1 (25.00%) Quantitative Analysis
3 1 (25.00%) Regression Testing
3 1 (25.00%) Risk Management
3 1 (25.00%) Scrum
3 1 (25.00%) Test Management
3 1 (25.00%) Test Strategy
3 1 (25.00%) User Acceptance Testing
3 1 (25.00%) User Stories
3 1 (25.00%) Validation
3 1 (25.00%) Workflow
Programming Languages
1 2 (50.00%) C++
1 2 (50.00%) SQL
2 1 (25.00%) Bash Shell
2 1 (25.00%) C#
2 1 (25.00%) Java
2 1 (25.00%) Korn
2 1 (25.00%) Perl
2 1 (25.00%) Python
Qualifications
1 1 (25.00%) Degree
Quality Assurance & Compliance
1 1 (25.00%) EMIR
1 1 (25.00%) QA
Systems Management
1 1 (25.00%) HP Quality Center
Vendors
1 1 (25.00%) Thunderhead