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 26 January 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
26 Jan 2015
Same period 2014 Same period 2013
Credit Derivatives
Rank 175 171 161
Rank change year-on-year
-4 -10
Contract jobs citing Credit Derivative 17 31 33
As % of all contract IT jobs located in the City of London 0.34% 0.52% 0.58%
As % of the Miscellaneous category 0.89% 1.36% 1.57%
Number of daily rates quoted 13 27 33
Average daily rate
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£610 £600 £575
Average daily rate % change year-on-year
+1.66% +4.34%
90% offered a daily rate of more than £550 £505 £435
10% offered a daily rate of more than £646 £625 £650
UK excluding London average daily rate £505 - -
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
1906 2278 2104
As % of all contract IT jobs located in the City of London 37.62% 37.92% 36.74%
Number of daily rates quoted 1484 1672 1644
Average daily rate £463 £500 £475
Average daily rate % change year-on-year
-7.50% +5.26%
90% offered a daily rate of more than £300 £275 £300
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £365 £350 £338
% change year-on-year
+4.28% +3.70%
Number of hourly rates quoted 30 38 51
Average hourly rate £16.75 £19.75 £21.00
Average hourly rate % change year-on-year
-15.18% -5.95%
90% offered a hourly rate of more than £13.25 £15.50 £12.50
10% offered a hourly rate of more than £24.66 £42.50 £90.50
UK excluding London average hourly rate £18.38 £18.13 £20.00
% change year-on-year
+1.37% -9.37%

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 26 January 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 26 January 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 43 (100.00%) Derivative
2 34 (79.07%) Front Office
3 24 (55.81%) Java
4 23 (53.49%) Fixed Income
5 17 (39.53%) Finance
5 17 (39.53%) XML
6 16 (37.21%) SQL
7 11 (25.58%) C#
8 9 (20.93%) Oracle
8 9 (20.93%) UNIX
8 9 (20.93%) Foreign Exchange (FX)
9 8 (18.60%) Banking
10 7 (16.28%) Spring
10 7 (16.28%) Linux
10 7 (16.28%) Hibernate
11 6 (13.95%) Bloomberg
11 6 (13.95%) Investment Banking
11 6 (13.95%) Interest Rate Derivative
11 6 (13.95%) Greeks
11 6 (13.95%) Analytics
12 5 (11.63%) Oracle Linux
12 5 (11.63%) Multithreading
12 5 (11.63%) TIBCO
12 5 (11.63%) .NET
13 4 (9.30%) DB2
13 4 (9.30%) Middleware
13 4 (9.30%) E-Commerce
13 4 (9.30%) JMS
13 4 (9.30%) Risk Management
13 4 (9.30%) FpML

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

For the 6 months to 26 January 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.

Application Platforms
1 2 (4.65%) Confluence
2 1 (2.33%) Oracle Coherence
Applications
1 1 (2.33%) MS Excel
1 1 (2.33%) Spreadsheet
Business Applications
1 1 (2.33%) Global One
1 1 (2.33%) Tesseract
1 1 (2.33%) Minerva
1 1 (2.33%) Sentinel
Communications & Networking
1 1 (2.33%) TCP/IP
1 1 (2.33%) DNS
1 1 (2.33%) Wireshark
1 1 (2.33%) tcpdump
Database & Business Intelligence
1 4 (9.30%) DB2
2 3 (6.98%) SQL Server
2 3 (6.98%) Relational Database
3 2 (4.65%) SQL Server 2008
3 2 (4.65%) SQL Server 2005
4 1 (2.33%) SQL Server Integration Services
4 1 (2.33%) RDBMS
4 1 (2.33%) SQL Server Reporting Services
Development Applications
1 4 (9.30%) Maven
2 2 (4.65%) JIRA
2 2 (4.65%) TeamCity
2 2 (4.65%) Subversion
3 1 (2.33%) Eclipse
3 1 (2.33%) IntelliJ
General
1 34 (79.07%) Front Office
2 17 (39.53%) Finance
3 8 (18.60%) Banking
4 6 (13.95%) Investment Banking
5 1 (2.33%) Legal
5 1 (2.33%) Games
Job Titles
1 26 (60.47%) Developer
2 19 (44.19%) Java Developer
3 12 (27.91%) Analyst
4 9 (20.93%) Business Analyst
5 3 (6.98%) Data Architect
5 3 (6.98%) Front Office Developer
5 3 (6.98%) Architect
5 3 (6.98%) C# Developer
6 2 (4.65%) .NET Developer
6 2 (4.65%) Senior Developer
6 2 (4.65%) Test Analyst
6 2 (4.65%) C# .NET Developer
6 2 (4.65%) IT Business Analyst
6 2 (4.65%) Excel Developer
6 2 (4.65%) Data Modeller
6 2 (4.65%) Senior Java Developer
6 2 (4.65%) Banking Business Analyst
7 1 (2.33%) Performance Test Analyst
7 1 (2.33%) Flex Developer
7 1 (2.33%) RAD Developer
Libraries, Frameworks & Software Standards
1 17 (39.53%) XML
2 7 (16.28%) Hibernate
2 7 (16.28%) Spring
3 5 (11.63%) .NET
4 4 (9.30%) JMS
4 4 (9.30%) Middleware
4 4 (9.30%) FpML
5 2 (4.65%) WinForms
5 2 (4.65%) WPF
5 2 (4.65%) REST
5 2 (4.65%) SOAP
6 1 (2.33%) Apache Flex
6 1 (2.33%) J2EE
Miscellaneous
1 43 (100.00%) Derivative
2 23 (53.49%) Fixed Income
3 9 (20.93%) Foreign Exchange (FX)
4 6 (13.95%) Interest Rate Derivative
5 4 (9.30%) Equity Derivative
6 3 (6.98%) Analytical Skills
7 2 (4.65%) Equities
8 1 (2.33%) Spread Betting
8 1 (2.33%) Mathematics
8 1 (2.33%) Management Information System
8 1 (2.33%) Grid Computing
Operating Systems
1 9 (20.93%) UNIX
2 7 (16.28%) Linux
3 5 (11.63%) Oracle Linux
4 2 (4.65%) Windows
Processes & Methodologies
1 6 (13.95%) Analytics
1 6 (13.95%) Greeks
2 5 (11.63%) Multithreading
3 4 (9.30%) Agile Software Development
3 4 (9.30%) Low Latency
3 4 (9.30%) E-Commerce
3 4 (9.30%) Risk Management
4 3 (6.98%) UML
4 3 (6.98%) OO
5 2 (4.65%) RAD
5 2 (4.65%) Scrum
5 2 (4.65%) Data Analysis
5 2 (4.65%) Business Analysis
5 2 (4.65%) Data Modelling
5 2 (4.65%) OOD
5 2 (4.65%) Project Management
5 2 (4.65%) BDD
5 2 (4.65%) Data Governance
5 2 (4.65%) Logical Data Model
5 2 (4.65%) Physical Data Model
Programming Languages
1 24 (55.81%) Java
2 16 (37.21%) SQL
3 11 (25.58%) C#
4 3 (6.98%) C++
4 3 (6.98%) VBA
5 1 (2.33%) Perl
5 1 (2.33%) PL/SQL
Qualifications
1 1 (2.33%) Degree
Quality Assurance & Compliance
1 1 (2.33%) QA
1 1 (2.33%) EMIR
1 1 (2.33%) Dodd-Frank
Vendors
1 9 (20.93%) Oracle
2 6 (13.95%) Bloomberg
3 5 (11.63%) TIBCO
4 4 (9.30%) Tradeweb
4 4 (9.30%) MarketAxess
5 2 (4.65%) Sybase
6 1 (2.33%) Microsoft
6 1 (2.33%) Fidessa
6 1 (2.33%) Charles River
6 1 (2.33%) DataSynapse
6 1 (2.33%) thinkFolio
6 1 (2.33%) Reuters