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 22 October 2014 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
22 Oct 2014
Same period 2013 Same period 2012
Credit Derivatives
Rank 179 199 212
Rank change year-on-year
+20 +13
Contract jobs citing Credit Derivative 26 24 9
As % of all contract IT jobs located in the City of London 0.44% 0.33% 0.12%
As % of the Miscellaneous category 1.28% 0.87% 0.33%
Number of daily rates quoted 22 21 8
Average daily rate
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£588 £575 £675
Average daily rate % change year-on-year
+2.17% -14.81%
90% offered a daily rate of more than £503 £450 £555
10% offered a daily rate of more than £625 £650 £708
UK excluding London average daily rate - £388 -
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
2034 2753 2758
As % of all contract IT jobs located in the City of London 34.60% 37.91% 38.11%
Number of daily rates quoted 1539 2078 2046
Average daily rate £470 £475 £498
Average daily rate % change year-on-year
-1.05% -4.52%
90% offered a daily rate of more than £290 £300 £275
10% offered a daily rate of more than £650 £625 £650
UK excluding London average daily rate £351 £350 £350
% change year-on-year
+0.32% -
Number of hourly rates quoted 35 52 65
Average hourly rate £16.00 £19.50 £22.50
Average hourly rate % change year-on-year
-17.94% -13.33%
90% offered a hourly rate of more than £10.50 £13.50 £12.85
10% offered a hourly rate of more than £22.00 £30.65 £39.95
UK excluding London average hourly rate £17.50 £17.69 £21.00
% change year-on-year
-1.07% -15.76%

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 22 October 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 22 October 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 40 (100.00%) Derivative
2 28 (70.00%) Front Office
3 25 (62.50%) Fixed Income
4 21 (52.50%) Java
5 14 (35.00%) Oracle
5 14 (35.00%) XML
5 14 (35.00%) Finance
6 13 (32.50%) Linux
7 11 (27.50%) UNIX
7 11 (27.50%) C#
7 11 (27.50%) Hibernate
7 11 (27.50%) Spring
8 9 (22.50%) Banking
8 9 (22.50%) SQL
9 8 (20.00%) C++
9 8 (20.00%) Oracle Linux
10 7 (17.50%) Investment Banking
11 6 (15.00%) .NET
11 6 (15.00%) Agile Software Development
12 5 (12.50%) Django
12 5 (12.50%) OO
12 5 (12.50%) Python
13 4 (10.00%) OOD
13 4 (10.00%) Twisted
14 3 (7.50%) Relational Database
14 3 (7.50%) EMIR
14 3 (7.50%) Dodd-Frank
14 3 (7.50%) Analytical Skills
14 3 (7.50%) Boost C++ Libraries
14 3 (7.50%) WPF

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

For the 6 months to 22 October 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 3 (7.50%) WebSphere
2 2 (5.00%) Oracle Coherence
3 1 (2.50%) Confluence
Applications
1 1 (2.50%) Spreadsheet
Business Applications
1 1 (2.50%) Tesseract
1 1 (2.50%) Minerva
1 1 (2.50%) Sentinel
1 1 (2.50%) Global One
Communications & Networking
1 1 (2.50%) tcpdump
1 1 (2.50%) Wireshark
1 1 (2.50%) TCP/IP
1 1 (2.50%) DNS
Database & Business Intelligence
1 3 (7.50%) Relational Database
2 2 (5.00%) SQL Server
2 2 (5.00%) ObjectStore
2 2 (5.00%) PostgreSQL
3 1 (2.50%) SQL Server 2008
3 1 (2.50%) SQL Server 2005
3 1 (2.50%) RDBMS
3 1 (2.50%) DB2
3 1 (2.50%) OLAP
Development Applications
1 2 (5.00%) Eclipse
1 2 (5.00%) IntelliJ
2 1 (2.50%) TeamCity
2 1 (2.50%) Subversion
2 1 (2.50%) Maven
2 1 (2.50%) JIRA
General
1 28 (70.00%) Front Office
2 14 (35.00%) Finance
3 9 (22.50%) Banking
4 7 (17.50%) Investment Banking
5 1 (2.50%) Legal
5 1 (2.50%) Games
Job Titles
1 27 (67.50%) Developer
2 18 (45.00%) Java Developer
3 11 (27.50%) Analyst
4 7 (17.50%) Business Analyst
5 5 (12.50%) Python Developer
5 5 (12.50%) C++ Developer
6 3 (7.50%) C# Developer
6 3 (7.50%) Test Analyst
6 3 (7.50%) Front Office Developer
7 2 (5.00%) Senior Developer
7 2 (5.00%) Technical Analyst
7 2 (5.00%) Technical Business Analyst
7 2 (5.00%) Senior Java Developer
8 1 (2.50%) C# Programmer
8 1 (2.50%) C# .NET Developer
8 1 (2.50%) RAD Developer
8 1 (2.50%) Flex Developer
8 1 (2.50%) Risk Analyst
8 1 (2.50%) .NET Developer
8 1 (2.50%) Functional Analyst
Libraries, Frameworks & Software Standards
1 14 (35.00%) XML
2 11 (27.50%) Hibernate
2 11 (27.50%) Spring
3 6 (15.00%) .NET
4 5 (12.50%) Django
5 4 (10.00%) Twisted
6 3 (7.50%) Boost C++ Libraries
6 3 (7.50%) WPF
6 3 (7.50%) WebSphere MQ
7 2 (5.00%) STL
7 2 (5.00%) ZeroMQ
8 1 (2.50%) REST
8 1 (2.50%) Apache Flex
8 1 (2.50%) WCF
8 1 (2.50%) MDX
8 1 (2.50%) JMS
8 1 (2.50%) Middleware
8 1 (2.50%) SOAP
8 1 (2.50%) J2EE
8 1 (2.50%) WinForms
Miscellaneous
1 40 (100.00%) Derivative
2 25 (62.50%) Fixed Income
3 3 (7.50%) Analytical Skills
3 3 (7.50%) Foreign Exchange (FX)
4 2 (5.00%) Grid Computing
5 1 (2.50%) Algorithms
5 1 (2.50%) Credit Risk
5 1 (2.50%) DTCC
5 1 (2.50%) Interest Rate Derivative
5 1 (2.50%) Equity Derivative
5 1 (2.50%) Mathematics
5 1 (2.50%) Spread Betting
5 1 (2.50%) Equities
5 1 (2.50%) Management Information System
Operating Systems
1 13 (32.50%) Linux
2 11 (27.50%) UNIX
3 8 (20.00%) Oracle Linux
4 3 (7.50%) Windows
Processes & Methodologies
1 6 (15.00%) Agile Software Development
2 5 (12.50%) OO
3 4 (10.00%) OOD
4 2 (5.00%) Project Management
4 2 (5.00%) Risk Management
4 2 (5.00%) UML
4 2 (5.00%) Business Analysis
4 2 (5.00%) Software Engineering
4 2 (5.00%) Multithreading
4 2 (5.00%) Electronic Trading
4 2 (5.00%) Greeks
4 2 (5.00%) Low Latency
5 1 (2.50%) Performance Tuning
5 1 (2.50%) Performance Analysis
5 1 (2.50%) MVVM
5 1 (2.50%) BDD
5 1 (2.50%) Analytics
5 1 (2.50%) Algorithmic Trading
5 1 (2.50%) Use Case
5 1 (2.50%) User Acceptance Testing
Programming Languages
1 21 (52.50%) Java
2 11 (27.50%) C#
3 9 (22.50%) SQL
4 8 (20.00%) C++
5 5 (12.50%) Python
6 1 (2.50%) XAML
Qualifications
1 1 (2.50%) Degree
Quality Assurance & Compliance
1 3 (7.50%) EMIR
1 3 (7.50%) Dodd-Frank
2 1 (2.50%) QA
Vendors
1 14 (35.00%) Oracle
2 3 (7.50%) Bloomberg
3 2 (5.00%) TIBCO
3 2 (5.00%) Reuters
3 2 (5.00%) DataSynapse
4 1 (2.50%) Tradeweb
4 1 (2.50%) MarketAxess
4 1 (2.50%) thinkFolio
4 1 (2.50%) Fidessa
4 1 (2.50%) Sybase
4 1 (2.50%) Charles River
City of London
Huxley Associates
Rate: £500 - £550 per day + competitive
Posted: 15 days ago