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 17 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
17 Apr 2014
Same period 2013 Same period 2012
Credit Derivatives
Rank 182 167 180
Rank change year-on-year
-15 +13
Contract jobs citing Credit Derivative 28 33 43
As % of all contract IT jobs located in the City of London 0.43% 0.53% 0.53%
As % of the Miscellaneous category 1.33% 1.69% 1.61%
Number of daily rates quoted 23 24 30
Average daily rate £550 £550 £600
Average daily rate % change year-on-year
- -8.33%
90% offered a daily rate of more than £475 £440 £523
10% offered a daily rate of more than £695 £600 £655
UK excluding London average daily rate £375 - -
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
2111 1949 2675
As % of all contract IT jobs located in the City of London 32.66% 31.38% 33.08%
Number of daily rates quoted 1577 1443 2001
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 £350 £341 £350
% change year-on-year
+2.56% -2.50%
Number of hourly rates quoted 30 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 £12.10 £15.83 £12.50
10% offered a hourly rate of more than £41.00 £135.00 £46.20
UK excluding London average hourly rate £17.50 £21.96 £25.00
% change year-on-year
-20.30% -12.16%
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 17 April 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 17 April 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 52 (98.11%) Derivative
2 28 (52.83%) Front Office
3 22 (41.51%) Banking
4 19 (35.85%) C#
5 15 (28.30%) Java
6 13 (24.53%) WPF
7 10 (18.87%) Finance
8 9 (16.98%) Fixed Income
8 9 (16.98%) Oracle
8 9 (16.98%) Investment Banking
9 8 (15.09%) TDD
9 8 (15.09%) SQL
9 8 (15.09%) Foreign Exchange (FX)
10 7 (13.21%) Oracle Workflow
10 7 (13.21%) OO
10 7 (13.21%) C++
10 7 (13.21%) Workflow
10 7 (13.21%) Scala
11 6 (11.32%) HTML
11 6 (11.32%) XML
12 5 (9.43%) TIBCO
12 5 (9.43%) Multithreading
12 5 (9.43%) Market Risk
12 5 (9.43%) Degree
12 5 (9.43%) Akka
12 5 (9.43%) Basel III
13 4 (7.55%) Continuous Integration
13 4 (7.55%) Analytics
13 4 (7.55%) Performance Tuning
13 4 (7.55%) CRD IV

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

For the 6 months to 17 April 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 7 (13.21%) Oracle Workflow
2 2 (3.77%) Oracle Coherence
2 2 (3.77%) GemFire
3 1 (1.89%) TIBCO ActiveMatrix
3 1 (1.89%) Confluence
3 1 (1.89%) TIBCO EMS
Applications
1 1 (1.89%) MS Excel
1 1 (1.89%) MS PowerPoint
Business Applications
1 2 (3.77%) Summit
1 2 (3.77%) Advent Geneva
2 1 (1.89%) ION MarketView
Database & Business Intelligence
1 4 (7.55%) SQL Server
2 2 (3.77%) Oracle Database 10g
2 2 (3.77%) Oracle Database 11g
2 2 (3.77%) Redis
2 2 (3.77%) Hazelcast
2 2 (3.77%) Oracle Database
3 1 (1.89%) SQL Server 2008
3 1 (1.89%) JasperReports
3 1 (1.89%) Crystal Reports
3 1 (1.89%) Data Warehouse
Development Applications
1 3 (5.66%) TeamCity
2 1 (1.89%) JUnit
2 1 (1.89%) Visual Studio
2 1 (1.89%) CruiseControl
2 1 (1.89%) JIRA
General
1 28 (52.83%) Front Office
2 22 (41.51%) Banking
3 10 (18.87%) Finance
4 9 (16.98%) Investment Banking
5 4 (7.55%) Billing
5 4 (7.55%) Financial Institution
6 3 (5.66%) International Banking
6 3 (5.66%) Back Office
7 1 (1.89%) Legal
Job Titles
1 32 (60.38%) Developer
2 12 (22.64%) WPF Developer
3 10 (18.87%) Analyst
4 8 (15.09%) C# Developer
5 7 (13.21%) Scala Developer
6 6 (11.32%) Business Analyst
6 6 (11.32%) Senior Developer
7 5 (9.43%) Java Developer
8 4 (7.55%) Consultant
9 3 (5.66%) C++ Developer
9 3 (5.66%) Quantitative Developer
9 3 (5.66%) Test Consultant
9 3 (5.66%) Support Analyst
10 2 (3.77%) Front Office Developer
10 2 (3.77%) UI Programmer
10 2 (3.77%) UI Developer
10 2 (3.77%) Senior Java Developer
11 1 (1.89%) QA Analyst
11 1 (1.89%) IT Business Analyst
11 1 (1.89%) Excel Developer
Libraries, Frameworks & Software Standards
1 13 (24.53%) WPF
2 6 (11.32%) XML
2 6 (11.32%) HTML
3 5 (9.43%) Akka
4 4 (7.55%) .NET
5 2 (3.77%) Rendezvous
5 2 (3.77%) Middleware
5 2 (3.77%) Hibernate
5 2 (3.77%) Spring
5 2 (3.77%) .NET Framework
6 1 (1.89%) WCF
6 1 (1.89%) COM
6 1 (1.89%) Web Services
6 1 (1.89%) MSMQ
6 1 (1.89%) jQuery
6 1 (1.89%) ADO.NET Entity Framework
Miscellaneous
1 52 (98.11%) Derivative
2 9 (16.98%) Fixed Income
3 8 (15.09%) Foreign Exchange (FX)
4 5 (9.43%) Market Risk
5 4 (7.55%) Credit Risk
6 3 (5.66%) Computer Science
6 3 (5.66%) Equity Derivative
6 3 (5.66%) Mathematics
7 2 (3.77%) Applied Mathematics
7 2 (3.77%) Physics
7 2 (3.77%) Interest Rate Derivative
8 1 (1.89%) Reference Data
8 1 (1.89%) Data Integration
8 1 (1.89%) Client/Server
8 1 (1.89%) Grid Computing
8 1 (1.89%) Hybrid Derivative
Operating Systems
1 4 (7.55%) UNIX
2 2 (3.77%) Linux
Processes & Methodologies
1 8 (15.09%) TDD
2 7 (13.21%) OO
2 7 (13.21%) Workflow
3 5 (9.43%) Multithreading
4 4 (7.55%) Continuous Integration
4 4 (7.55%) Analytics
4 4 (7.55%) Performance Tuning
4 4 (7.55%) Pair Programming
4 4 (7.55%) Risk Management
5 3 (5.66%) Performance Testing
5 3 (5.66%) Migration
5 3 (5.66%) RAD
6 2 (3.77%) Software Engineering
6 2 (3.77%) Greeks
6 2 (3.77%) Portfolio Management
6 2 (3.77%) Risk Analytics
6 2 (3.77%) Agile Software Development
6 2 (3.77%) Unit Testing
6 2 (3.77%) Electronic Trading
7 1 (1.89%) Manual Testing
Programming Languages
1 19 (35.85%) C#
2 15 (28.30%) Java
3 8 (15.09%) SQL
4 7 (13.21%) C++
4 7 (13.21%) Scala
5 4 (7.55%) Python
6 3 (5.66%) F#
7 2 (3.77%) VBA
8 1 (1.89%) MATLAB
8 1 (1.89%) PowerShell
8 1 (1.89%) PL/SQL
8 1 (1.89%) C
Qualifications
1 5 (9.43%) Degree
Quality Assurance & Compliance
1 5 (9.43%) Basel III
2 4 (7.55%) CRD IV
2 4 (7.55%) COREP
2 4 (7.55%) FINREP
3 3 (5.66%) EMIR
4 2 (3.77%) Dodd-Frank
5 1 (1.89%) Basel II
5 1 (1.89%) QA
Vendors
1 9 (16.98%) Oracle
2 5 (9.43%) TIBCO
3 4 (7.55%) Sybase
4 3 (5.66%) Microsoft
4 3 (5.66%) Calypso
5 2 (3.77%) Advent
5 2 (3.77%) 29West
5 2 (3.77%) ION Trading
6 1 (1.89%) DataSynapse
6 1 (1.89%) Atlassian
6 1 (1.89%) Remedy
6 1 (1.89%) Sophis
6 1 (1.89%) Murex