The first table below looks at the prevalence of the term Contract for Difference in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Contract for Difference over the 3 months to 18 April 2014 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 City of London 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 Apr 2014
Same period 2013 Same period 2012
Contract for Difference (CFD)
Rank 207 196 207
Rank change year-on-year
-11 +11
Contract jobs citing Contract for Difference 3 1 17
As % of all contract IT jobs located in the City of London 0.046% 0.016% 0.21%
As % of the Miscellaneous category 0.14% 0.051% 0.64%
Number of daily rates quoted 3 1 13
Average daily rate £413 £500 £375
Average daily rate % change year-on-year
-17.50% +33.33%
90% offered a daily rate of more than £303 £500 £350
10% offered a daily rate of more than £543 £500 £550
UK excluding London average daily rate - £550 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
2104 1962 2676
As % of all contract IT jobs located in the City of London 32.60% 31.48% 33.09%
Number of daily rates quoted 1574 1453 2002
Average daily rate £500 £475 £500
Average daily rate % change year-on-year
+5.26% -5.00%
90% offered a daily rate of more than £300 £300 £300
10% offered a daily rate of more than £675 £625 £650
UK excluding London average daily rate £345 £340 £350
% change year-on-year
+1.47% -2.85%
Number of hourly rates quoted 32 54 81
Average hourly rate £22.50 £22.00 £22.00
Average hourly rate % change year-on-year
+2.27% -
90% offered a hourly rate of more than £12.40 £16.00 £12.50
10% offered a hourly rate of more than £41.00 £135.00 £46.20
UK excluding London average hourly rate £17.50 £21.00 £25.00
% change year-on-year
-16.66% -16.00%
Contract for Difference
London

Contract for Difference
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Contract for Difference across the City of London region as a proportion of the total demand within the Miscellaneous category.

Contract for Difference Jobs Demand Trend in the City of London

Contract for Difference
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Contract for Difference across the City of London region.

Contract for Difference Daily Rate Trend in the City of London

Contract for Difference
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Contract for Difference across the City of London region over the 3 months to 18 April 2014.

Contract for Difference Daily Rate Histogram in the City of London

Contract for Difference
Top 30 Related IT Skills in the City of London

For the 6 months to 18 April 2014, IT contractor jobs across the City of London region citing Contract for Difference 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 Contract for Difference.

1 3 (60.00%) Finance
2 2 (40.00%) Asset Management
2 2 (40.00%) Business Analysis
2 2 (40.00%) MS PowerPoint
2 2 (40.00%) Derivative
2 2 (40.00%) Red Hat
2 2 (40.00%) Back Office
2 2 (40.00%) Oracle
2 2 (40.00%) MS Office
2 2 (40.00%) SQL
2 2 (40.00%) Linux
2 2 (40.00%) MS Excel
2 2 (40.00%) MS Visio
2 2 (40.00%) Calypso
2 2 (40.00%) NetApp
2 2 (40.00%) Spread Betting
2 2 (40.00%) Oracle RAC
2 2 (40.00%) Oracle Database 11g
2 2 (40.00%) Red Hat Enterprise Linux
2 2 (40.00%) Oracle Database
3 1 (20.00%) Relational Database
3 1 (20.00%) High Availability
3 1 (20.00%) Database Security
3 1 (20.00%) Market Risk
3 1 (20.00%) Fat Client
3 1 (20.00%) Load Testing
3 1 (20.00%) Foreign Exchange (FX)
3 1 (20.00%) Microsoft Certification
3 1 (20.00%) Business Intelligence
3 1 (20.00%) RDBMS

Contract for Difference
Top Related IT Skills in the City of London by Category

For the 6 months to 18 April 2014, IT contractor jobs across the City of London region citing Contract for Difference 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 Contract for Difference. Up to 20 skills are shown per category.

Applications
1 2 (40.00%) MS PowerPoint
1 2 (40.00%) MS Office
1 2 (40.00%) MS Excel
1 2 (40.00%) MS Visio
Database & Business Intelligence
1 2 (40.00%) Oracle Database 11g
1 2 (40.00%) Oracle Database
2 1 (20.00%) Relational Database
2 1 (20.00%) RDBMS
2 1 (20.00%) Data Warehouse
2 1 (20.00%) Essbase
General
1 3 (60.00%) Finance
2 2 (40.00%) Back Office
3 1 (20.00%) Front Office
3 1 (20.00%) Banking
Job Titles
1 3 (60.00%) Analyst
2 2 (40.00%) Oracle DBA
2 2 (40.00%) DBA
2 2 (40.00%) Business Analyst
3 1 (20.00%) Support Analyst
Libraries, Frameworks & Software Standards
1 1 (20.00%) .NET
Miscellaneous
1 2 (40.00%) Derivative
1 2 (40.00%) Spread Betting
2 1 (20.00%) Market Risk
2 1 (20.00%) Fat Client
2 1 (20.00%) Foreign Exchange (FX)
2 1 (20.00%) Thin Client
Operating Systems
1 2 (40.00%) Linux
1 2 (40.00%) Red Hat Enterprise Linux
2 1 (20.00%) Windows
2 1 (20.00%) Windows Server 2003
Processes & Methodologies
1 2 (40.00%) Asset Management
1 2 (40.00%) Business Analysis
2 1 (20.00%) High Availability
2 1 (20.00%) Database Security
2 1 (20.00%) Load Testing
2 1 (20.00%) Business Intelligence
2 1 (20.00%) ITIL
Programming Languages
1 2 (40.00%) SQL
Qualifications
1 1 (20.00%) Microsoft Certification
1 1 (20.00%) MCP
1 1 (20.00%) Degree
Quality Assurance & Compliance
1 1 (20.00%) SLA
System Software
1 2 (40.00%) Oracle RAC
2 1 (20.00%) Oracle RMAN
Vendors
1 2 (40.00%) Red Hat
1 2 (40.00%) Oracle
1 2 (40.00%) Calypso
1 2 (40.00%) NetApp
2 1 (20.00%) Microsoft