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 30 June 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
30 Jun 2015
Same period 2014 Same period 2013
Credit Derivatives
Rank 188 192 173
Rank change year-on-year
+4 -19
Contract jobs citing Credit Derivative 15 11 43
As % of all contract IT jobs located in the City of London 0.26% 0.19% 0.62%
As % of the Miscellaneous category 0.69% 0.50% 1.64%
Number of daily rates quoted 13 10 30
Average daily rate
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£575 £588 £550
Average daily rate % change year-on-year
-2.12% +6.81%
90% offered a daily rate of more than £550 £540 £411
10% offered a daily rate of more than £602 £600 £629
UK excluding London average daily rate £550 - -
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
2179 2202 2627
As % of all contract IT jobs located in the City of London 37.25% 37.35% 37.95%
Number of daily rates quoted 1737 1655 1983
Average daily rate £475 £475 £475
90% offered a daily rate of more than £300 £275 £300
10% offered a daily rate of more than £650 £650 £625
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 41 28 59
Average hourly rate £21.50 £20.44 £22.50
Average hourly rate % change year-on-year
+5.19% -9.16%
90% offered a hourly rate of more than £14.61 £12.65 £15.40
10% offered a hourly rate of more than £53.10 £29.75 £71.00
UK excluding London average hourly rate £18.90 £23.00 £20.00
% change year-on-year
-17.82% +15.00%

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 30 June 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 30 June 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 23 (100.00%) Derivative
2 18 (78.26%) Front Office
3 15 (65.22%) Finance
4 13 (56.52%) SQL
5 12 (52.17%) C#
5 12 (52.17%) OO
6 10 (43.48%) SQL Server
6 10 (43.48%) Greeks
7 9 (39.13%) Agile Software Development
7 9 (39.13%) Banking
7 9 (39.13%) Risk Management
8 8 (34.78%) Investment Banking
9 7 (30.43%) Foreign Exchange (FX)
10 6 (26.09%) Migration
10 6 (26.09%) Equities
10 6 (26.09%) Garbage Collection
10 6 (26.09%) Data Migration
11 5 (21.74%) TDD
11 5 (21.74%) Fixed Income
11 5 (21.74%) Java
12 4 (17.39%) VBA
12 4 (17.39%) Multithreading
12 4 (17.39%) Analytics
13 3 (13.04%) BDD
13 3 (13.04%) .NET
13 3 (13.04%) C++
13 3 (13.04%) Windows
13 3 (13.04%) FpML
13 3 (13.04%) XML
13 3 (13.04%) Data Management

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

For the 6 months to 30 June 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 (4.35%) MS Excel
1 1 (4.35%) Spreadsheet
Business Applications
1 1 (4.35%) RMDS
Database & Business Intelligence
1 10 (43.48%) SQL Server
2 2 (8.70%) Big Data
3 1 (4.35%) Relational Database
3 1 (4.35%) Impala
3 1 (4.35%) RDBMS
3 1 (4.35%) SQL Server Reporting Services
3 1 (4.35%) SQL Server Integration Services
3 1 (4.35%) Hadoop
3 1 (4.35%) Apache Hive
Development Applications
1 1 (4.35%) Visual Studio
1 1 (4.35%) Git (software)
General
1 18 (78.26%) Front Office
2 15 (65.22%) Finance
3 9 (39.13%) Banking
4 8 (34.78%) Investment Banking
5 1 (4.35%) Back Office
Job Titles
1 16 (69.57%) Developer
2 10 (43.48%) C# Developer
3 9 (39.13%) Senior Developer
4 7 (30.43%) Senior C# Developer
5 6 (26.09%) Analyst
5 6 (26.09%) Business Analyst
6 2 (8.70%) Senior Scala Developer
6 2 (8.70%) Java Developer
6 2 (8.70%) Technical Analyst
6 2 (8.70%) Scala Developer
6 2 (8.70%) Senior Java Developer
6 2 (8.70%) Risk Analyst
6 2 (8.70%) Technical Business Analyst
6 2 (8.70%) IT Business Analyst
7 1 (4.35%) Python Developer
7 1 (4.35%) Excel Developer
7 1 (4.35%) Microsoft Developer
7 1 (4.35%) RAD Developer
7 1 (4.35%) Hadoop Developer
7 1 (4.35%) C++ Developer
Libraries, Frameworks & Software Standards
1 3 (13.04%) FpML
1 3 (13.04%) WPF
1 3 (13.04%) .NET
1 3 (13.04%) XML
2 2 (8.70%) JMS
2 2 (8.70%) Reactive Extensions
2 2 (8.70%) Akka
Miscellaneous
1 23 (100.00%) Derivative
2 7 (30.43%) Foreign Exchange (FX)
3 6 (26.09%) Equities
4 5 (21.74%) Fixed Income
5 3 (13.04%) Credit Risk
6 2 (8.70%) Market Risk
7 1 (4.35%) CUDA
7 1 (4.35%) Equity Derivative
Operating Systems
1 3 (13.04%) Windows
2 2 (8.70%) UNIX
Processes & Methodologies
1 12 (52.17%) OO
2 10 (43.48%) Greeks
3 9 (39.13%) Risk Management
3 9 (39.13%) Agile Software Development
4 6 (26.09%) Migration
4 6 (26.09%) Data Migration
4 6 (26.09%) Garbage Collection
5 5 (21.74%) TDD
6 4 (17.39%) Multithreading
6 4 (17.39%) Analytics
7 3 (13.04%) BDD
7 3 (13.04%) Business Analysis
7 3 (13.04%) Data Management
8 2 (8.70%) Data Analysis
9 1 (4.35%) Software Engineering
9 1 (4.35%) RAD
9 1 (4.35%) Data Modelling
9 1 (4.35%) OOD
9 1 (4.35%) Business Intelligence
9 1 (4.35%) Regression Testing
Programming Languages
1 13 (56.52%) SQL
2 12 (52.17%) C#
3 5 (21.74%) Java
4 4 (17.39%) VBA
5 3 (13.04%) C++
6 2 (8.70%) Scala
7 1 (4.35%) Python
7 1 (4.35%) Perl
7 1 (4.35%) PL/SQL
Quality Assurance & Compliance
1 1 (4.35%) QA
System Software
1 1 (4.35%) Apache Flume
1 1 (4.35%) HDFS
Systems Management
1 1 (4.35%) Oozie
Vendors
1 1 (4.35%) Microsoft
1 1 (4.35%) TIBCO
1 1 (4.35%) Bloomberg
1 1 (4.35%) ION Trading
1 1 (4.35%) DataSynapse
1 1 (4.35%) DevExpress