The first table below looks at the prevalence of the term Credit Derivative 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 Credit Derivative over the 3 months to 20 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 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
20 Jun 2013
Same period 2012 Same period 2011
Credit Derivatives
Rank 172 188 101
Rank change year-on-year
+16 -87
Contract jobs citing Credit Derivative 43 26 164
As % of all contract IT jobs located in the City of London 0.624% 0.342% 1.636%
As % of the Miscellaneous category 1.955% 1.057% 4.148%
Number of daily rates quoted 31 24 145
Average daily rate £550 £588 £600
Average daily rate % change year-on-year
-6.38% -2.08%
90% offered a daily rate of more than £425 £475 £525
10% offered a daily rate of more than £625 £650 £700
UK excluding London average daily rate - - £375
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All of the Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
2200 2459 3954
As % of all contract IT jobs located in the City of London 31.93% 32.32% 39.45%
Number of daily rates quoted 1638 1913 3097
Average daily rate £500 £500 £550
Average daily rate % change year-on-year
- -9.09%
90% offered a daily rate of more than £313 £300 £350
10% offered a daily rate of more than £638 £650 £675
UK excluding London average daily rate £350 £345 £330
% change year-on-year
+1.44% +4.54%
Number of hourly rates quoted 49 50 59
Average hourly rate £22.50 £21.00 £21.25
Average hourly rate % change year-on-year
+7.14% -1.17%
90% offered a hourly rate of more than £15.35 £12.65 £13.40
10% offered a hourly rate of more than £135.00 £38.85 £50.50
UK excluding London average hourly rate £22.00 £22.50 £25.00
% change year-on-year
-2.22% -10.00%
Credit Derivative
London

Credit Derivative
Jobs Demand Trend

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

City of London Credit Derivative Jobs Demand Trend

Credit Derivative
Daily Rate Trend

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

City of London Credit Derivative Daily Rate Trend

Credit Derivative
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Credit Derivative across the City of London region over the 3 months to 20 June 2013.

City of London Credit Derivative Daily Rate Histogram

Credit Derivative
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Credit Derivative across the City of London region.

City of London Credit Derivative Hourly Rate Trend

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 20 June 2013, IT contractor jobs across the City of London region citing Credit 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 Credit Derivative.

1 84 (100.00%) Derivative
2 55 (65.48%) SQL
3 36 (42.86%) Foreign Exchange (FX)
4 34 (40.48%) Fixed Income
5 32 (38.10%) Finance
6 28 (33.33%) Front Office
7 26 (30.95%) Banking
7 26 (30.95%) Investment Banking
8 25 (29.76%) SQL Server
8 25 (29.76%) Market Risk
9 23 (27.38%) XML
10 20 (23.81%) Oracle
10 20 (23.81%) C#
11 18 (21.43%) .NET
12 17 (20.24%) Degree
12 17 (20.24%) Credit Risk
13 16 (19.05%) Risk Management
14 15 (17.86%) Data Warehouse
15 14 (16.67%) QA
16 13 (15.48%) Analytics
17 12 (14.29%) TIBCO
18 11 (13.10%) Java
18 11 (13.10%) Grid Computing
18 11 (13.10%) Agile Software Development
19 10 (11.90%) TDD
20 9 (10.71%) Reuters
20 9 (10.71%) Project Management
20 9 (10.71%) Microsoft
20 9 (10.71%) BDD
20 9 (10.71%) WCF

Credit Derivative
Top Related IT Skills by Category

For the 6 months to 20 June 2013, IT contractor jobs across the City of London region citing Credit 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 Credit Derivative. Up to 20 skills are shown per category.

Application Development
1 23 (27.38%) XML
2 18 (21.43%) .NET
3 9 (10.71%) WCF
4 5 (5.952%) Web Services
5 4 (4.762%) FIX Protocol
6 3 (3.571%) WPF
6 3 (3.571%) Spring
6 3 (3.571%) Flash
7 2 (2.381%) Servlets
7 2 (2.381%) Rendezvous
7 2 (2.381%) Hibernate
7 2 (2.381%) WinForms
7 2 (2.381%) .NET Framework
7 2 (2.381%) MDX
8 1 (1.190%) JNI
8 1 (1.190%) FpML
8 1 (1.190%) MSMQ
Application Platforms
1 6 (7.143%) TIBCO EMS
2 3 (3.571%) Confluence
3 1 (1.190%) Tomcat
Applications
1 4 (4.762%) MS Excel
Business Applications
1 4 (4.762%) Decalog
1 4 (4.762%) LatentZero
1 4 (4.762%) Capstone
1 4 (4.762%) RMDS
2 1 (1.190%) Bloomberg TOMS
2 1 (1.190%) Adaptiv
2 1 (1.190%) Summit
Communications & Networking
1 6 (7.143%) TCP/IP
Database & Business Intelligence
1 25 (29.76%) SQL Server
2 15 (17.86%) Data Warehouse
3 4 (4.762%) OLAP
3 4 (4.762%) Spotfire
4 2 (2.381%) Data Mining
4 2 (2.381%) SQLPlus
4 2 (2.381%) TOAD
4 2 (2.381%) SQL Server 2005
4 2 (2.381%) SQL Server 2008
4 2 (2.381%) SQL Server Analysis Services
4 2 (2.381%) QlikView
4 2 (2.381%) Oracle OLAP
5 1 (1.190%) Oracle 11g
5 1 (1.190%) Oracle 10g
5 1 (1.190%) Oracle Reports
5 1 (1.190%) Oracle 8/8i
Development Applications
1 5 (5.952%) QuickTest Pro
2 4 (4.762%) Subversion
2 4 (4.762%) Git (software)
3 3 (3.571%) JIRA
4 2 (2.381%) ClearCase
5 1 (1.190%) TeamCity
5 1 (1.190%) Maven
5 1 (1.190%) CruiseControl
5 1 (1.190%) Eclipse
5 1 (1.190%) Visual Studio
General
1 32 (38.10%) Finance
2 28 (33.33%) Front Office
3 26 (30.95%) Banking
3 26 (30.95%) Investment Banking
4 5 (5.952%) Back Office
5 4 (4.762%) Legal
Job Titles
1 50 (59.52%) Analyst
2 33 (39.29%) Business Analyst
3 30 (35.71%) Developer
4 11 (13.10%) Test Analyst
4 11 (13.10%) QA Test Analyst
4 11 (13.10%) QA Analyst
5 10 (11.90%) Java Developer
6 8 (9.524%) Fixed Income Business Analyst
6 8 (9.524%) Senior Developer
6 8 (9.524%) C# Developer
7 6 (7.143%) Senior Java Developer
8 5 (5.952%) RAD Developer
8 5 (5.952%) Test Data Analyst
8 5 (5.952%) Data Analyst
9 4 (4.762%) Support Analyst
9 4 (4.762%) Front Office Developer
9 4 (4.762%) Project Manager
9 4 (4.762%) Banking Business Analyst
10 3 (3.571%) Credit Risk Analyst
10 3 (3.571%) Investment Banking Business Analyst
Miscellaneous
1 84 (100.00%) Derivative
2 36 (42.86%) Foreign Exchange (FX)
3 34 (40.48%) Fixed Income
4 25 (29.76%) Market Risk
5 17 (20.24%) Credit Risk
6 11 (13.10%) Grid Computing
7 8 (9.524%) Reference Data
7 8 (9.524%) Wiki
8 7 (8.333%) Equities
9 6 (7.143%) Interest Rate Derivative
10 4 (4.762%) Computer Science
11 2 (2.381%) Client/Server
11 2 (2.381%) Equity Derivative
11 2 (2.381%) Visualisation
12 1 (1.190%) Physics
Operating Systems
1 2 (2.381%) Linux
2 1 (1.190%) UNIX
Processes & Methodologies
1 16 (19.05%) Risk Management
2 13 (15.48%) Analytics
3 11 (13.10%) Agile Software Development
4 10 (11.90%) TDD
5 9 (10.71%) Project Management
5 9 (10.71%) BDD
5 9 (10.71%) Stress Testing
5 9 (10.71%) Multithreading
6 8 (9.524%) Risk Analytics
7 7 (8.333%) Regression Testing
7 7 (8.333%) Business Analysis
7 7 (8.333%) OO
8 6 (7.143%) RAD
8 6 (7.143%) Data Modelling
8 6 (7.143%) Electronic Trading
8 6 (7.143%) Performance Testing
9 5 (5.952%) Test Automation
10 4 (4.762%) Business Intelligence
10 4 (4.762%) Workflow
10 4 (4.762%) Asset Management
Programming Languages
1 55 (65.48%) SQL
2 20 (23.81%) C#
3 11 (13.10%) Java
4 8 (9.524%) VBA
5 6 (7.143%) PowerShell
6 4 (4.762%) VB
7 3 (3.571%) Scala
7 3 (3.571%) C++
8 2 (2.381%) Perl
9 1 (1.190%) F#
9 1 (1.190%) Python
9 1 (1.190%) PL/SQL
Qualifications
1 17 (20.24%) Degree
Quality Assurance & Compliance
1 14 (16.67%) QA
2 6 (7.143%) Basel III
3 2 (2.381%) Basel II
4 1 (1.190%) FATCA
4 1 (1.190%) Sarbanes-Oxley
Vendors
1 20 (23.81%) Oracle
2 12 (14.29%) TIBCO
3 9 (10.71%) Reuters
3 9 (10.71%) Microsoft
4 8 (9.524%) Bloomberg
5 5 (5.952%) Sybase
6 4 (4.762%) Murex
6 4 (4.762%) Charles River
6 4 (4.762%) Sophis
6 4 (4.762%) DevExpress
6 4 (4.762%) thinkFolio
7 2 (2.381%) Business Objects
7 2 (2.381%) Calypso
7 2 (2.381%) DataSynapse
7 2 (2.381%) Syncfusion
7 2 (2.381%) Wall Street Systems
8 1 (1.190%) Lotus
City, London
An F# developer / architect / engineer is required by a leading Investment Bank to work within a Risk platform development team. You will be responsible for: The enhancement of...
Nicoll Curtin
Rate: £600 - £800 per day
Posted: 17 June 2013
City, London
Skill's required: -Strong product Knowledge in one of the following; FX, IRD, Equity Derivatives, Commodities, Credit derivatives and NDF's. -Investment banking background -Background conducting end to...
Nicoll Curtin
Rate: £450 - £550 per day
Posted: 18 June 2013
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Trade Control is responsible for trade capture, data quality, trade life-cycle event management, query resolution, front to back process flows, and confirmation validation... The Structured Credit Trade...
Huxley Associates
Posted: 24 May 2013
City of London
Extensive multithreading experience. Grid Computing... This opportunity offers the Lead C++ Developer to work for a globally renowned Investment Bank, earning valuable experience in financial services within Credit...
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Rate: £500 - £550 per day
Posted: 19 June 2013
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Key skills: -Strong IT Business Analyst-Extensive Investment Banking background-Capturing business requirements-Strong product knowledge including one of the following areas: Interest Rate Derivatives, Commodities, Equities Derivatives,...
Huxley Associates
Rate: £450 - £600 per day
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City, London
Nicoll Curtin
Rate: £550 - £700 per day
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City of London
Huxley Associates
Posted: 24 May 2013
City of London
Huxley Associates
Rate: £600 - £700 per annum
Posted: 24 May 2013