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 contractor rates offered in IT contracts that have cited Credit Derivative over the 3 months to 28 June 2016 with a comparison to the same period over 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.

3 months to
28 Jun 2016
Same period 2015 Same period 2014
Credit Derivatives
Rank 159 184 196
Rank change year-on-year
+25 +12
Contract jobs citing Credit Derivative 5 16 11
As % of all contract IT jobs located in the City of London 0.15% 0.28% 0.19%
As % of the Miscellaneous category 0.38% 0.73% 0.50%
Number of daily rates quoted 5 14 10
Median daily rate £650 £575 £588
Median daily rate % change year-on-year
+13.04% -2.12%
UK excluding London median daily rate - £550 -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
1316 2191 2221
As % of all contract IT jobs located in the City of London 39.10% 38.16% 38.12%
Number of daily rates quoted 1085 1741 1656
Median daily rate £475 £475 £475
90% offered a daily rate of more than £300 £296 £280
10% offered a daily rate of more than £650 £650 £650
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 16 40 27
Median hourly rate £17.50 £22.83 £20.69
Median hourly rate % change year-on-year
-23.34% +10.35%
90% offered a hourly rate of more than £12.50 £14.50 £13.25
10% offered a hourly rate of more than £56.00 £54.00 £37.50
UK excluding London median hourly rate £22.50 £18.47 £21.00
% change year-on-year
+21.81% -12.04%

Credit Derivative
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Credit Derivative as a proportion of all IT contracts with a match in 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 28 June 2016, IT contractor jobs citing Credit Derivative also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Credit Derivative.

1 15 (100.00%) Derivative
2 12 (80.00%) Fixed Income
3 11 (73.33%) Finance
4 9 (60.00%) SQL
5 6 (40.00%) Front Office
6 5 (33.33%) Risk Management
6 5 (33.33%) Banking
6 5 (33.33%) Investment Banking
6 5 (33.33%) Credit Risk
6 5 (33.33%) Market Risk
6 5 (33.33%) Stress Testing
7 4 (26.67%) Business Analysis
7 4 (26.67%) Java
7 4 (26.67%) SDLC
8 3 (20.00%) Spring Integration
8 3 (20.00%) Relational Database
8 3 (20.00%) C#
8 3 (20.00%) XML
8 3 (20.00%) Project Management
8 3 (20.00%) Spring
9 2 (13.33%) Stakeholder Management
9 2 (13.33%) ION Trading
9 2 (13.33%) Requirements Analysis
9 2 (13.33%) Integration Testing
9 2 (13.33%) Reference Data
9 2 (13.33%) Financial Modelling
9 2 (13.33%) ION MarketView
9 2 (13.33%) Foreign Exchange (FX)
9 2 (13.33%) PowerDesigner
9 2 (13.33%) Change Management

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

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 2 (13.33%) Tomcat
Applications
1 1 (6.67%) MS Visio
Business Applications
1 2 (13.33%) ION MarketView
2 1 (6.67%) SunGard GMI
Database & Business Intelligence
1 3 (20.00%) Relational Database
2 2 (13.33%) Data Warehouse
2 2 (13.33%) Star Schema
3 1 (6.67%) SQL Server
Development Applications
1 2 (13.33%) PowerDesigner
General
1 11 (73.33%) Finance
2 6 (40.00%) Front Office
3 5 (33.33%) Banking
3 5 (33.33%) Investment Banking
Job Titles
1 7 (46.67%) Analyst
2 6 (40.00%) Developer
3 5 (33.33%) Business Analyst
4 3 (20.00%) Java Developer
4 3 (20.00%) Risk Analyst
4 3 (20.00%) Risk Business Analyst
5 2 (13.33%) Business IT Analyst
5 2 (13.33%) Data Modeller
5 2 (13.33%) Front Office Developer
5 2 (13.33%) IT Analyst
5 2 (13.33%) IT Business Analyst
5 2 (13.33%) IT Risk Analyst
5 2 (13.33%) Lead Developer
5 2 (13.33%) Lead Java Developer
6 1 (6.67%) Credit Analyst
6 1 (6.67%) Credit Risk Analyst
6 1 (6.67%) Market Risk Analyst
6 1 (6.67%) Market Risk Business Analyst
6 1 (6.67%) Python Developer
6 1 (6.67%) Senior Developer
Libraries, Frameworks & Software Standards
1 3 (20.00%) Spring
1 3 (20.00%) Spring Integration
1 3 (20.00%) XML
2 1 (6.67%) AngularJS
2 1 (6.67%) HTML
2 1 (6.67%) HTML5
2 1 (6.67%) WPF
Miscellaneous
1 15 (100.00%) Derivative
2 12 (80.00%) Fixed Income
3 5 (33.33%) Credit Risk
3 5 (33.33%) Market Risk
4 2 (13.33%) Algorithms
4 2 (13.33%) Data Structures
4 2 (13.33%) Foreign Exchange (FX)
4 2 (13.33%) Reference Data
5 1 (6.67%) Equities
5 1 (6.67%) Grid Computing
Processes & Methodologies
1 5 (33.33%) Risk Management
1 5 (33.33%) Stress Testing
2 4 (26.67%) Business Analysis
2 4 (26.67%) SDLC
3 3 (20.00%) Project Management
4 2 (13.33%) Analytics
4 2 (13.33%) Change Management
4 2 (13.33%) Data Flow Diagram
4 2 (13.33%) Data Modelling
4 2 (13.33%) Financial Modelling
4 2 (13.33%) Integration Testing
4 2 (13.33%) Logical Data Model
4 2 (13.33%) Low Latency
4 2 (13.33%) OO
4 2 (13.33%) Requirements Analysis
4 2 (13.33%) Stakeholder Management
4 2 (13.33%) Straight-Through Processing
4 2 (13.33%) User Acceptance Testing
5 1 (6.67%) Performance Optimisation
5 1 (6.67%) Quantitative Finance
Programming Languages
1 9 (60.00%) SQL
2 4 (26.67%) Java
3 3 (20.00%) C#
4 2 (13.33%) Perl
4 2 (13.33%) Python
5 1 (6.67%) C++
5 1 (6.67%) IronPython
5 1 (6.67%) Tcl
5 1 (6.67%) T-SQL
5 1 (6.67%) VBA
Vendors
1 2 (13.33%) ION Trading
1 2 (13.33%) Oracle
2 1 (6.67%) Bloomberg
2 1 (6.67%) FactSet
2 1 (6.67%) SunGard
2 1 (6.67%) Sybase