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 1 May 2015 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
1 May 2015
Same period 2014 Same period 2013
Credit Derivatives
Rank 193 187 169
Rank change year-on-year
-6 -18
Contract jobs citing Credit Derivative 8 16 38
As % of all contract IT jobs located in the City of London 0.15% 0.26% 0.60%
As % of the Miscellaneous category 0.41% 0.68% 1.58%
Number of daily rates quoted 5 13 27
Average daily rate
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£675 £525 £550
Average daily rate % change year-on-year
+28.57% -4.54%
90% offered a daily rate of more than £593 £435 £425
10% offered a daily rate of more than £690 £725 £600
UK excluding London average daily rate £400 £375 -
% change year-on-year
+6.66% -
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
1967 2362 2405
As % of all contract IT jobs located in the City of London 35.90% 37.75% 37.66%
Number of daily rates quoted 1500 1785 1797
Average daily rate £475 £475 £475
90% offered a daily rate of more than £275 £290 £300
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 30 34 53
Average hourly rate £19.35 £22.00 £22.00
Average hourly rate % change year-on-year
-12.04% -
90% offered a hourly rate of more than £14.38 £11.80 £16.00
10% offered a hourly rate of more than £73.25 £45.98 £135.00
UK excluding London average hourly rate £20.00 £22.50 £21.50
% change year-on-year
-11.11% +4.65%

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
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 1 May 2015.

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 1 May 2015, 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 24 (100.00%) Derivative
2 18 (75.00%) Front Office
3 16 (66.67%) Finance
4 13 (54.17%) SQL
5 10 (41.67%) Java
5 10 (41.67%) Banking
6 9 (37.50%) Investment Banking
6 9 (37.50%) XML
7 8 (33.33%) Foreign Exchange (FX)
7 8 (33.33%) Greeks
7 8 (33.33%) Analytics
8 7 (29.17%) Agile Software Development
8 7 (29.17%) Fixed Income
9 6 (25.00%) FpML
9 6 (25.00%) OO
9 6 (25.00%) C#
10 5 (20.83%) SQL Server
10 5 (20.83%) TDD
10 5 (20.83%) Multithreading
11 4 (16.67%) Interest Rate Derivative
11 4 (16.67%) Equity Derivative
11 4 (16.67%) BDD
11 4 (16.67%) Business Analysis
11 4 (16.67%) VBA
12 3 (12.50%) C++
12 3 (12.50%) Windows
12 3 (12.50%) UML
12 3 (12.50%) RAD
12 3 (12.50%) JMS
12 3 (12.50%) Data Modelling

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

For the 6 months to 1 May 2015, 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.

Applications
1 1 (4.17%) MS Excel
1 1 (4.17%) Spreadsheet
Business Applications
1 1 (4.17%) RMDS
Database & Business Intelligence
1 5 (20.83%) SQL Server
2 2 (8.33%) Relational Database
2 2 (8.33%) Big Data
2 2 (8.33%) SQL Server 2008
2 2 (8.33%) SQL Server 2005
2 2 (8.33%) DB2
3 1 (4.17%) RDBMS
3 1 (4.17%) SQL Server Reporting Services
3 1 (4.17%) SQL Server Integration Services
3 1 (4.17%) Hadoop
3 1 (4.17%) Apache Hive
3 1 (4.17%) Impala
Development Applications
1 2 (8.33%) Maven
2 1 (4.17%) Visual Studio
2 1 (4.17%) Git (software)
General
1 18 (75.00%) Front Office
2 16 (66.67%) Finance
3 10 (41.67%) Banking
4 9 (37.50%) Investment Banking
Job Titles
1 14 (58.33%) Developer
2 7 (29.17%) Business Analyst
2 7 (29.17%) Analyst
3 5 (20.83%) Java Developer
4 3 (12.50%) Architect
4 3 (12.50%) C# Developer
4 3 (12.50%) Data Architect
5 2 (8.33%) Banking Business Analyst
5 2 (8.33%) RAD Developer
5 2 (8.33%) Senior Developer
5 2 (8.33%) Data Modeller
5 2 (8.33%) Senior Java Developer
5 2 (8.33%) Risk Analyst
5 2 (8.33%) Excel Developer
6 1 (4.17%) Microsoft Developer
6 1 (4.17%) IT Business Analyst
6 1 (4.17%) Python Developer
6 1 (4.17%) Analyst Developer
6 1 (4.17%) C++ Developer
6 1 (4.17%) Business Developer
Libraries, Frameworks & Software Standards
1 9 (37.50%) XML
2 6 (25.00%) FpML
3 3 (12.50%) JMS
4 2 (8.33%) Reactive Extensions
4 2 (8.33%) WPF
4 2 (8.33%) Middleware
4 2 (8.33%) .NET
5 1 (4.17%) Akka
Miscellaneous
1 24 (100.00%) Derivative
2 8 (33.33%) Foreign Exchange (FX)
3 7 (29.17%) Fixed Income
4 4 (16.67%) Interest Rate Derivative
4 4 (16.67%) Equity Derivative
5 3 (12.50%) Equities
6 2 (8.33%) Credit Risk
7 1 (4.17%) Market Risk
7 1 (4.17%) CUDA
Operating Systems
1 3 (12.50%) Windows
2 2 (8.33%) UNIX
Processes & Methodologies
1 8 (33.33%) Greeks
1 8 (33.33%) Analytics
2 7 (29.17%) Agile Software Development
3 6 (25.00%) OO
4 5 (20.83%) TDD
4 5 (20.83%) Multithreading
5 4 (16.67%) BDD
5 4 (16.67%) Business Analysis
6 3 (12.50%) UML
6 3 (12.50%) RAD
6 3 (12.50%) Data Modelling
6 3 (12.50%) Risk Management
6 3 (12.50%) Low Latency
7 2 (8.33%) Logical Data Model
7 2 (8.33%) Physical Data Model
7 2 (8.33%) Data Governance
7 2 (8.33%) Data Architecture
7 2 (8.33%) Use Case
7 2 (8.33%) Scrum
7 2 (8.33%) Data Management
Programming Languages
1 13 (54.17%) SQL
2 10 (41.67%) Java
3 6 (25.00%) C#
4 4 (16.67%) VBA
5 3 (12.50%) C++
6 2 (8.33%) PL/SQL
7 1 (4.17%) Perl
7 1 (4.17%) Python
7 1 (4.17%) Scala
Quality Assurance & Compliance
1 1 (4.17%) QA
System Software
1 1 (4.17%) Apache Flume
1 1 (4.17%) HDFS
Systems Management
1 1 (4.17%) Oozie
Vendors
1 3 (12.50%) Bloomberg
1 3 (12.50%) TIBCO
2 2 (8.33%) Tradeweb
2 2 (8.33%) MarketAxess
3 1 (4.17%) Oracle
3 1 (4.17%) Sybase
3 1 (4.17%) Microsoft
3 1 (4.17%) ION Trading
3 1 (4.17%) DataSynapse
3 1 (4.17%) DevExpress
City, London
TEKsystems
Rate: £450 - £550 per day
Posted: 5 days ago