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 31 July 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
31 Jul 2014
Same period 2013 Same period 2012
Credit Derivatives
Rank 179 174 205
Rank change year-on-year
-5 +31
Contract jobs citing Credit Derivative 16 45 19
As % of all contract IT jobs located in the City of London 0.28% 0.64% 0.24%
As % of the Miscellaneous category 0.91% 1.96% 0.77%
Number of daily rates quoted 15 32 16
Average daily rate
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£600 £550 £588
Average daily rate % change year-on-year
+9.09% -6.38%
90% offered a daily rate of more than £550 £324 £500
10% offered a daily rate of more than £625 £674 £675
UK excluding London average daily rate - - -
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
1753 2296 2463
As % of all contract IT jobs located in the City of London 30.40% 32.42% 31.63%
Number of daily rates quoted 1265 1660 1882
Average daily rate £475 £500 £500
Average daily rate % change year-on-year
-5.00% -
90% offered a daily rate of more than £285 £300 £300
10% offered a daily rate of more than £650 £650 £650
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 39 64 49
Average hourly rate £18.75 £21.40 £20.00
Average hourly rate % change year-on-year
-12.38% +7.00%
90% offered a hourly rate of more than £12.50 £14.50 £12.90
10% offered a hourly rate of more than £37.35 £48.00 £34.40
UK excluding London average hourly rate £21.00 £21.00 £25.73
% change year-on-year
- -18.38%
Credit Derivative
London

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
Daily Rate Histogram in the City of London

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 31 July 2014.

Credit Derivative Daily Rate Histogram 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 31 July 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 31 (96.88%) Derivative
2 18 (56.25%) Front Office
3 15 (46.88%) Banking
4 13 (40.63%) Fixed Income
5 11 (34.38%) Finance
6 9 (28.13%) C++
6 9 (28.13%) Java
6 9 (28.13%) Oracle
7 8 (25.00%) C#
7 8 (25.00%) Investment Banking
8 7 (21.88%) Spring
8 7 (21.88%) SQL
8 7 (21.88%) XML
8 7 (21.88%) Python
8 7 (21.88%) Hibernate
9 6 (18.75%) .NET
9 6 (18.75%) Linux
10 5 (15.63%) OO
10 5 (15.63%) Agile Software Development
10 5 (15.63%) Django
11 4 (12.50%) Twisted
11 4 (12.50%) UNIX
11 4 (12.50%) SQL Server
12 3 (9.38%) RAD
12 3 (9.38%) Calypso
12 3 (9.38%) Foreign Exchange (FX)
12 3 (9.38%) WebSphere MQ
12 3 (9.38%) TDD
12 3 (9.38%) Migration
12 3 (9.38%) Oracle Linux

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

For the 6 months to 31 July 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 (9.38%) WebSphere
2 2 (6.25%) Oracle Coherence
2 2 (6.25%) Oracle Workflow
3 1 (3.13%) Confluence
Business Applications
1 2 (6.25%) Advent Geneva
2 1 (3.13%) Summit
Database & Business Intelligence
1 4 (12.50%) SQL Server
2 2 (6.25%) ObjectStore
2 2 (6.25%) PostgreSQL
2 2 (6.25%) SQL Server 2008
2 2 (6.25%) Relational Database
3 1 (3.13%) SQL Server 2005
3 1 (3.13%) OLAP
Development Applications
1 2 (6.25%) Eclipse
1 2 (6.25%) IntelliJ
2 1 (3.13%) JIRA
General
1 18 (56.25%) Front Office
2 15 (46.88%) Banking
3 11 (34.38%) Finance
4 8 (25.00%) Investment Banking
5 2 (6.25%) Billing
5 2 (6.25%) Back Office
6 1 (3.13%) Legal
6 1 (3.13%) Financial Institution
Job Titles
1 19 (59.38%) Developer
2 10 (31.25%) Analyst
3 6 (18.75%) Business Analyst
3 6 (18.75%) C++ Developer
4 5 (15.63%) Python Developer
4 5 (15.63%) Java Developer
5 3 (9.38%) Quantitative Developer
6 2 (6.25%) C# Developer
6 2 (6.25%) Senior Java Developer
6 2 (6.25%) Support Analyst
6 2 (6.25%) Test Analyst
6 2 (6.25%) Senior Developer
6 2 (6.25%) Investment Banking Business Analyst
6 2 (6.25%) Banking Business Analyst
6 2 (6.25%) Scala Developer
7 1 (3.13%) Murex Support Analyst
7 1 (3.13%) RAD Developer
7 1 (3.13%) C# Programmer
7 1 (3.13%) C++ Quantitative Developer
7 1 (3.13%) WPF Developer
Libraries, Frameworks & Software Standards
1 7 (21.88%) XML
1 7 (21.88%) Hibernate
1 7 (21.88%) Spring
2 6 (18.75%) .NET
3 5 (15.63%) Django
4 4 (12.50%) Twisted
5 3 (9.38%) Boost C++ Libraries
5 3 (9.38%) WPF
5 3 (9.38%) WebSphere MQ
6 2 (6.25%) STL
6 2 (6.25%) HTML
6 2 (6.25%) ZeroMQ
6 2 (6.25%) Akka
7 1 (3.13%) ADO.NET Entity Framework
7 1 (3.13%) jQuery
7 1 (3.13%) .NET Framework
7 1 (3.13%) MDX
7 1 (3.13%) WCF
Miscellaneous
1 31 (96.88%) Derivative
2 13 (40.63%) Fixed Income
3 3 (9.38%) Foreign Exchange (FX)
4 2 (6.25%) Grid Computing
4 2 (6.25%) Credit Risk
5 1 (3.13%) Hybrid Derivative
5 1 (3.13%) Client/Server
5 1 (3.13%) Interest Rate Derivative
5 1 (3.13%) Equity Derivative
5 1 (3.13%) DTCC
5 1 (3.13%) Mathematics
5 1 (3.13%) Applied Mathematics
5 1 (3.13%) Computer Science
Operating Systems
1 6 (18.75%) Linux
2 4 (12.50%) UNIX
3 3 (9.38%) Oracle Linux
4 2 (6.25%) Windows
Processes & Methodologies
1 5 (15.63%) OO
1 5 (15.63%) Agile Software Development
2 3 (9.38%) TDD
2 3 (9.38%) Software Engineering
2 3 (9.38%) RAD
2 3 (9.38%) Migration
2 3 (9.38%) Greeks
3 2 (6.25%) Continuous Integration
3 2 (6.25%) Analytics
3 2 (6.25%) OOD
3 2 (6.25%) Business Analysis
3 2 (6.25%) Pair Programming
3 2 (6.25%) UML
3 2 (6.25%) Workflow
4 1 (3.13%) Quantitative Analysis
4 1 (3.13%) Use Case
4 1 (3.13%) Performance Testing
4 1 (3.13%) Stress Testing
4 1 (3.13%) Regression Testing
4 1 (3.13%) Risk Management
Programming Languages
1 9 (28.13%) C++
1 9 (28.13%) Java
2 8 (25.00%) C#
3 7 (21.88%) SQL
3 7 (21.88%) Python
4 2 (6.25%) F#
4 2 (6.25%) Scala
5 1 (3.13%) C
5 1 (3.13%) MATLAB
5 1 (3.13%) XAML
5 1 (3.13%) PowerShell
5 1 (3.13%) VBA
Qualifications
1 2 (6.25%) Degree
Quality Assurance & Compliance
1 3 (9.38%) Basel III
2 2 (6.25%) EMIR
2 2 (6.25%) CRD IV
2 2 (6.25%) Dodd-Frank
3 1 (3.13%) QA
Vendors
1 9 (28.13%) Oracle
2 3 (9.38%) Calypso
3 2 (6.25%) Reuters
3 2 (6.25%) Bloomberg
3 2 (6.25%) DataSynapse
3 2 (6.25%) Advent
4 1 (3.13%) Atlassian
4 1 (3.13%) Remedy
4 1 (3.13%) Sophis
4 1 (3.13%) ION Trading
4 1 (3.13%) TIBCO
4 1 (3.13%) Microsoft
4 1 (3.13%) Murex
City, London
McGregor Boyall
Rate: £600 - £650 per day + depending on experience
Posted: 6 days ago