The first table below looks at the prevalence of the term Interest Rate Derivative 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 Interest Rate Derivative over the 3 months to 18 June 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our Miscellaneous category for the Canary Wharf region.

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 Jun 2013
Same period 2012 Same period 2011
Interest Rate Derivatives
Rank 44 51 41
Rank change year-on-year
+7 -10
Contract jobs citing Interest Rate Derivative 2 2 20
As % of all contract IT jobs located in Canary Wharf 0.585% 0.515% 3.824%
As % of the Miscellaneous category 1.212% 1.220% 5.882%
Number of daily rates quoted 2 1 20
Average daily rate £825 £575 £600
Average daily rate % change year-on-year
+43.47% -4.16%
UK excluding London average daily rate - - £400
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All of the Miscellaneous Category
Canary Wharf
Contract IT job ads with a match in the
Miscellaneous category
165 164 340
As % of all contract IT jobs located in Canary Wharf 48.25% 42.27% 65.01%
Number of daily rates quoted 123 107 266
Average daily rate £600 £550 £600
Average daily rate % change year-on-year
+9.09% -8.33%
90% offered a daily rate of more than £500 £475 £450
10% offered a daily rate of more than £650 £650 £650
UK excluding London average daily rate £350 £340 £330
% change year-on-year
+2.94% +3.03%
Number of hourly rates quoted 0 0 2
Average hourly rate - - £15.00
UK excluding London average hourly rate £21.00 £22.50 £25.00
% change year-on-year
-6.66% -10.00%
Interest Rate Derivative
London

Interest Rate Derivative
Jobs Demand Trend

This chart provides a 3-month moving total of IT contractor jobs citing Interest Rate Derivative across the Canary Wharf region as a proportion of the total demand within the Miscellaneous category.

Canary Wharf Interest Rate Derivative Jobs Demand Trend

Interest Rate Derivative
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Interest Rate Derivative across the Canary Wharf region.

Canary Wharf Interest Rate Derivative Daily Rate Trend

Interest Rate Derivative
Top 18 Related IT Skills

For the 6 months to 18 June 2013, IT contractor jobs across the Canary Wharf region citing Interest Rate Derivative 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 Interest Rate Derivative.

1 8 (100.00%) Derivative
2 6 (75.00%) User Acceptance Testing
2 6 (75.00%) Foreign Exchange (FX)
2 6 (75.00%) Finance
2 6 (75.00%) Banking
2 6 (75.00%) Investment Banking
3 3 (37.50%) Data Extraction
3 3 (37.50%) Data Analysis
3 3 (37.50%) SQL
3 3 (37.50%) Data Modelling
3 3 (37.50%) Data Mining
4 2 (25.00%) Murex
4 2 (25.00%) Project Management
4 2 (25.00%) Front Office
4 2 (25.00%) Back Office
4 2 (25.00%) Summit
4 2 (25.00%) Fixed Income
4 2 (25.00%) Business Analysis

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 18 June 2013, IT contractor jobs across the Canary Wharf region citing Interest Rate Derivative 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 Interest Rate Derivative. Up to 20 skills are shown per category.

Business Applications
1 2 (25.00%) Summit
Database & Business Intelligence
1 3 (37.50%) Data Mining
General
1 6 (75.00%) Finance
1 6 (75.00%) Banking
1 6 (75.00%) Investment Banking
2 2 (25.00%) Front Office
2 2 (25.00%) Back Office
Job Titles
1 8 (100.00%) Analyst
2 5 (62.50%) Business Analyst
3 3 (37.50%) Data Analyst
4 2 (25.00%) Project Analyst
4 2 (25.00%) Project Manager
Miscellaneous
1 8 (100.00%) Derivative
2 6 (75.00%) Foreign Exchange (FX)
3 3 (37.50%) Data Extraction
4 2 (25.00%) Fixed Income
Processes & Methodologies
1 6 (75.00%) User Acceptance Testing
2 3 (37.50%) Data Modelling
2 3 (37.50%) Data Analysis
3 2 (25.00%) Business Analysis
3 2 (25.00%) Project Management
Programming Languages
1 3 (37.50%) SQL
Vendors
1 2 (25.00%) Murex