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 31 July 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
31 Jul 2015
Same period 2014 Same period 2013
Credit Derivatives
Rank 191 183 180
Rank change year-on-year
-8 -3
Contract jobs citing Credit Derivative 17 16 46
As % of all contract IT jobs located in the City of London 0.29% 0.28% 0.65%
As % of the Miscellaneous category 0.77% 0.73% 1.69%
Number of daily rates quoted 15 15 33
Average daily rate
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£575 £600 £550
Average daily rate % change year-on-year
-4.16% +9.09%
90% offered a daily rate of more than £520 £550 £332
10% offered a daily rate of more than £661 £625 £673
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
2208 2178 2715
As % of all contract IT jobs located in the City of London 37.71% 37.53% 38.30%
Number of daily rates quoted 1761 1581 1987
Average daily rate £475 £470 £475
Average daily rate % change year-on-year
+1.06% -1.05%
90% offered a daily rate of more than £300 £285 £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 39 42 71
Average hourly rate £20.00 £19.00 £22.00
Average hourly rate % change year-on-year
+5.26% -13.63%
90% offered a hourly rate of more than £13.90 £12.81 £14.50
10% offered a hourly rate of more than £39.05 £36.50 £47.80
UK excluding London average hourly rate £19.08 £21.00 £20.00
% change year-on-year
-9.14% +5.00%

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 31 July 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 31 July 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 26 (100.00%) Derivative
2 20 (76.92%) Finance
3 16 (61.54%) Front Office
4 14 (53.85%) C#
4 14 (53.85%) OO
5 13 (50.00%) Risk Management
6 12 (46.15%) Agile Software Development
6 12 (46.15%) SQL
6 12 (46.15%) Greeks
7 11 (42.31%) Banking
7 11 (42.31%) Investment Banking
8 10 (38.46%) SQL Server
9 9 (34.62%) Foreign Exchange (FX)
10 7 (26.92%) Java
10 7 (26.92%) Equities
11 6 (23.08%) Migration
11 6 (23.08%) Data Migration
11 6 (23.08%) Garbage Collection
12 5 (19.23%) Credit Risk
12 5 (19.23%) BDD
12 5 (19.23%) VBA
12 5 (19.23%) Data Modelling
12 5 (19.23%) Fixed Income
12 5 (19.23%) TDD
12 5 (19.23%) Data Management
13 4 (15.38%) .NET
13 4 (15.38%) WPF
13 4 (15.38%) Market Risk
13 4 (15.38%) Multithreading
13 4 (15.38%) Analytics

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

For the 6 months to 31 July 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 1 (3.85%) Confluence
1 1 (3.85%) Apache Spark
Applications
1 1 (3.85%) Spreadsheet
Business Applications
1 1 (3.85%) RMDS
Database & Business Intelligence
1 10 (38.46%) SQL Server
2 4 (15.38%) Big Data
3 3 (11.54%) Relational Database
3 3 (11.54%) Impala
3 3 (11.54%) Hadoop
3 3 (11.54%) Apache Hive
3 3 (11.54%) RDBMS
4 2 (7.69%) BusinessObjects
4 2 (7.69%) HBase
5 1 (3.85%) OLAP
5 1 (3.85%) QlikView
5 1 (3.85%) BusinessObjects XI
5 1 (3.85%) SQL Server Analysis Services
Development Applications
1 3 (11.54%) JIRA
2 1 (3.85%) Git (software)
2 1 (3.85%) Visual Studio
General
1 20 (76.92%) Finance
2 16 (61.54%) Front Office
3 11 (42.31%) Banking
3 11 (42.31%) Investment Banking
4 1 (3.85%) Back Office
Job Titles
1 15 (57.69%) Developer
2 10 (38.46%) C# Developer
3 9 (34.62%) Analyst
3 9 (34.62%) Senior Developer
4 7 (26.92%) Senior C# Developer
5 6 (23.08%) Business Analyst
6 2 (7.69%) Technical Analyst
6 2 (7.69%) Senior Java Developer
6 2 (7.69%) Risk Analyst
6 2 (7.69%) Technical Business Analyst
6 2 (7.69%) Data Analyst
6 2 (7.69%) Java Developer
6 2 (7.69%) IT Business Analyst
6 2 (7.69%) Scala Developer
6 2 (7.69%) Senior Scala Developer
7 1 (3.85%) Architect
7 1 (3.85%) Hadoop Developer
7 1 (3.85%) Big Data Architect
7 1 (3.85%) Python Developer
7 1 (3.85%) Junior Data Analyst
Libraries, Frameworks & Software Standards
1 4 (15.38%) .NET
1 4 (15.38%) WPF
2 3 (11.54%) Akka
2 3 (11.54%) XML
2 3 (11.54%) FpML
3 2 (7.69%) JMS
3 2 (7.69%) Reactive Extensions
4 1 (3.85%) HTML
4 1 (3.85%) Play Framework
4 1 (3.85%) HTML5
4 1 (3.85%) REST
Miscellaneous
1 26 (100.00%) Derivative
2 9 (34.62%) Foreign Exchange (FX)
3 7 (26.92%) Equities
4 5 (19.23%) Fixed Income
4 5 (19.23%) Credit Risk
5 4 (15.38%) Market Risk
6 2 (7.69%) Reference Data
6 2 (7.69%) Management Information System
6 2 (7.69%) Replication
6 2 (7.69%) Interest Rate Derivative
6 2 (7.69%) Analytical Skills
7 1 (3.85%) Equity Derivative
7 1 (3.85%) CUDA
Operating Systems
1 2 (7.69%) UNIX
1 2 (7.69%) Windows
Processes & Methodologies
1 14 (53.85%) OO
2 13 (50.00%) Risk Management
3 12 (46.15%) Agile Software Development
3 12 (46.15%) Greeks
4 6 (23.08%) Data Migration
4 6 (23.08%) Garbage Collection
4 6 (23.08%) Migration
5 5 (19.23%) TDD
5 5 (19.23%) Data Management
5 5 (19.23%) Data Modelling
5 5 (19.23%) BDD
6 4 (15.38%) Analytics
6 4 (15.38%) Multithreading
7 3 (11.54%) User Acceptance Testing
7 3 (11.54%) Test Automation
7 3 (11.54%) Stakeholder Management
7 3 (11.54%) Business Analysis
8 2 (7.69%) Requirements Analysis
8 2 (7.69%) Data Analysis
8 2 (7.69%) Workflow
Programming Languages
1 14 (53.85%) C#
2 12 (46.15%) SQL
3 7 (26.92%) Java
4 5 (19.23%) VBA
5 3 (11.54%) Scala
5 3 (11.54%) C++
6 1 (3.85%) PL/SQL
6 1 (3.85%) Python
Quality Assurance & Compliance
1 2 (7.69%) QA
1 2 (7.69%) Data Quality
2 1 (3.85%) Dodd-Frank
2 1 (3.85%) Basel III
System Software
1 3 (11.54%) Apache Flume
1 3 (11.54%) HDFS
Systems Management
1 3 (11.54%) Oozie
Vendors
1 2 (7.69%) MicroStrategy
2 1 (3.85%) TIBCO
2 1 (3.85%) ION Trading
2 1 (3.85%) DataSynapse
2 1 (3.85%) DevExpress
2 1 (3.85%) Actian
2 1 (3.85%) Microsoft