The 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 21 August 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
21 Aug 2014
Same period 2013 Same period 2012
Credit Derivatives
Rank 177 184 210
Rank change year-on-year
+7 +26
Contract jobs citing Credit Derivative 23 44 16
As % of all contract IT jobs located in the City of London 0.39% 0.61% 0.20%
As % of the Miscellaneous category 1.31% 1.87% 0.64%
Number of daily rates quoted 21 32 13
Average daily rate
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£625 £538 £575
Average daily rate % change year-on-year
+16.27% -6.52%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Credit Derivative
London

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the City of London region.

Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
1752 2359 2514
As % of all contract IT jobs located in the City of London 29.77% 32.54% 32.15%
Number of daily rates quoted 1229 1716 1903
Average daily rate £475 £500 £500
Average daily rate % change year-on-year
-5.00% -
90% offered a daily rate of more than £300 £300 £300
10% offered a daily rate of more than £650 £643 £650
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 42 60 57
Average hourly rate £17.68 £19.75 £19.75
Average hourly rate % change year-on-year
-10.46% -
90% offered a hourly rate of more than £12.50 £14.50 £12.20
10% offered a hourly rate of more than £33.05 £46.00 £32.58
UK excluding London average hourly rate £18.88 £17.50 £29.00
% change year-on-year
+7.85% -39.65%

Credit Derivative
Jobs Demand Trend in the City of London

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.

Credit Derivative Jobs Demand Trend in the City of London

Credit Derivative
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 Credit Derivative across the City of London region.

Credit Derivative Daily Rate Trend in the City of London

Credit Derivative
Hourly Rate Trend in the City of London

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.

Credit Derivative Hourly Rate Trend in the City of London

Credit Derivative
Top 30 Related IT Skills in the City of London

For the 6 months to 21 August 2014, 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 38 (97.44%) Derivative
2 25 (64.10%) Front Office
3 21 (53.85%) Fixed Income
4 15 (38.46%) Banking
5 14 (35.90%) Java
6 13 (33.33%) Oracle
7 12 (30.77%) Linux
7 12 (30.77%) Finance
7 12 (30.77%) Hibernate
7 12 (30.77%) Spring
8 11 (28.21%) XML
9 9 (23.08%) C#
9 9 (23.08%) C++
9 9 (23.08%) UNIX
10 8 (20.51%) SQL
10 8 (20.51%) Investment Banking
10 8 (20.51%) Oracle Linux
11 7 (17.95%) Python
12 5 (12.82%) .NET
12 5 (12.82%) Django
13 4 (10.26%) Agile Software Development
13 4 (10.26%) Twisted
14 3 (7.69%) SQL Server
14 3 (7.69%) OO
14 3 (7.69%) RAD
14 3 (7.69%) OOD
14 3 (7.69%) WebSphere MQ
14 3 (7.69%) Software Engineering
14 3 (7.69%) Business Analysis
14 3 (7.69%) WebSphere

Credit Derivative
Top Related IT Skills in the City of London by Category

For the 6 months to 21 August 2014, 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 Platforms
1 3 (7.69%) WebSphere
2 2 (5.13%) Oracle Coherence
Business Applications
1 1 (2.56%) Summit
1 1 (2.56%) Advent Geneva
Database & Business Intelligence
1 3 (7.69%) SQL Server
1 3 (7.69%) Relational Database
2 2 (5.13%) SQL Server 2008
2 2 (5.13%) PostgreSQL
2 2 (5.13%) ObjectStore
3 1 (2.56%) RDBMS
3 1 (2.56%) OLAP
3 1 (2.56%) SQL Server 2005
Development Applications
1 2 (5.13%) Eclipse
1 2 (5.13%) IntelliJ
General
1 25 (64.10%) Front Office
2 15 (38.46%) Banking
3 12 (30.77%) Finance
4 8 (20.51%) Investment Banking
5 1 (2.56%) Financial Institution
5 1 (2.56%) Back Office
Job Titles
1 25 (64.10%) Developer
2 12 (30.77%) Java Developer
3 11 (28.21%) Analyst
4 8 (20.51%) Business Analyst
5 6 (15.38%) C++ Developer
6 5 (12.82%) Python Developer
7 3 (7.69%) Quantitative Developer
8 2 (5.13%) Senior Java Developer
8 2 (5.13%) Technical Business Analyst
8 2 (5.13%) C# Developer
8 2 (5.13%) Technical Analyst
8 2 (5.13%) Senior Developer
8 2 (5.13%) Banking Business Analyst
8 2 (5.13%) Investment Banking Business Analyst
9 1 (2.56%) Flex Developer
9 1 (2.56%) RAD Developer
9 1 (2.56%) C# Programmer
9 1 (2.56%) C++ Quantitative Developer
9 1 (2.56%) WPF Developer
9 1 (2.56%) Murex Support Analyst
Libraries, Frameworks & Software Standards
1 12 (30.77%) Hibernate
1 12 (30.77%) Spring
2 11 (28.21%) XML
3 5 (12.82%) .NET
3 5 (12.82%) Django
4 4 (10.26%) Twisted
5 3 (7.69%) Boost C++ Libraries
5 3 (7.69%) WPF
5 3 (7.69%) WebSphere MQ
6 2 (5.13%) STL
6 2 (5.13%) ZeroMQ
7 1 (2.56%) ADO.NET Entity Framework
7 1 (2.56%) jQuery
7 1 (2.56%) J2EE
7 1 (2.56%) .NET Framework
7 1 (2.56%) MDX
7 1 (2.56%) Apache Flex
7 1 (2.56%) WCF
Miscellaneous
1 38 (97.44%) Derivative
2 21 (53.85%) Fixed Income
3 2 (5.13%) Grid Computing
3 2 (5.13%) Foreign Exchange (FX)
3 2 (5.13%) Mathematics
3 2 (5.13%) Credit Risk
4 1 (2.56%) Applied Mathematics
4 1 (2.56%) Client/Server
4 1 (2.56%) Hybrid Derivative
4 1 (2.56%) Interest Rate Derivative
4 1 (2.56%) Equity Derivative
4 1 (2.56%) DTCC
Operating Systems
1 12 (30.77%) Linux
2 9 (23.08%) UNIX
3 8 (20.51%) Oracle Linux
4 2 (5.13%) Windows
Processes & Methodologies
1 4 (10.26%) Agile Software Development
2 3 (7.69%) OO
2 3 (7.69%) RAD
2 3 (7.69%) Greeks
2 3 (7.69%) OOD
2 3 (7.69%) Software Engineering
2 3 (7.69%) Business Analysis
3 2 (5.13%) Risk Management
3 2 (5.13%) Migration
3 2 (5.13%) Analytics
3 2 (5.13%) UML
4 1 (2.56%) Low Latency
4 1 (2.56%) MVVM
4 1 (2.56%) BDD
4 1 (2.56%) Portfolio Management
4 1 (2.56%) RUP
4 1 (2.56%) TDD
4 1 (2.56%) Stakeholder Management
4 1 (2.56%) Scrum
4 1 (2.56%) Risk Assessment
Programming Languages
1 14 (35.90%) Java
2 9 (23.08%) C#
2 9 (23.08%) C++
3 8 (20.51%) SQL
4 7 (17.95%) Python
5 2 (5.13%) F#
6 1 (2.56%) C
6 1 (2.56%) MATLAB
6 1 (2.56%) XAML
6 1 (2.56%) VBA
Qualifications
1 2 (5.13%) Degree
Quality Assurance & Compliance
1 3 (7.69%) Basel III
2 2 (5.13%) EMIR
2 2 (5.13%) CRD IV
2 2 (5.13%) Dodd-Frank
Vendors
1 13 (33.33%) Oracle
2 2 (5.13%) Calypso
2 2 (5.13%) Reuters
2 2 (5.13%) Bloomberg
2 2 (5.13%) DataSynapse
3 1 (2.56%) Advent
3 1 (2.56%) Remedy
3 1 (2.56%) Sophis
3 1 (2.56%) ION Trading
3 1 (2.56%) TIBCO
3 1 (2.56%) Murex
City, London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 2 hours ago
City, London
Harrington Starr
Rate: £500 - £800 per day
Posted: 2 days ago
City, London
McGregor Boyall
Rate: £575 - £675 per day
Posted: 2 days ago