The first 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 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our Miscellaneous category for the City of London region.

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 Jul 2014
Same period 2013 Same period 2012
Credit Derivatives
Rank 182 166 200
Rank change year-on-year
-16 +34
Contract jobs citing Credit Derivative 13 52 21
As % of all contract IT jobs located in the City of London 0.23% 0.73% 0.27%
As % of the Miscellaneous category 0.73% 2.22% 0.84%
Number of daily rates quoted 12 37 18
Average daily rate
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£600 £550 £550
Average daily rate % change year-on-year
+9.09% -
90% offered a daily rate of more than £550 £366 £475
10% offered a daily rate of more than £623 £668 £633
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
1773 2338 2491
As % of all contract IT jobs located in the City of London 30.96% 32.88% 31.90%
Number of daily rates quoted 1285 1711 1909
Average daily rate £475 £500 £500
Average daily rate % change year-on-year
-5.00% -
90% offered a daily rate of more than £275 £313 £300
10% offered a daily rate of more than £650 £650 £650
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 38 60 49
Average hourly rate £20.19 £22.50 £21.00
Average hourly rate % change year-on-year
-10.27% +7.14%
90% offered a hourly rate of more than £12.50 £15.10 £12.95
10% offered a hourly rate of more than £45.00 £51.60 £35.00
UK excluding London average hourly rate £21.00 £21.00 £25.00
% change year-on-year
- -16.00%
Credit Derivative
London

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 July 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 July 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 39 (97.50%) Derivative
2 20 (50.00%) Front Office
2 20 (50.00%) Banking
3 14 (35.00%) Java
4 11 (27.50%) Oracle
4 11 (27.50%) Finance
4 11 (27.50%) Investment Banking
5 10 (25.00%) Fixed Income
5 10 (25.00%) C++
6 9 (22.50%) C#
6 9 (22.50%) SQL
6 9 (22.50%) OO
7 8 (20.00%) Python
7 8 (20.00%) XML
7 8 (20.00%) TDD
8 6 (15.00%) Scala
8 6 (15.00%) HTML
8 6 (15.00%) Workflow
8 6 (15.00%) Oracle Workflow
9 5 (12.50%) Akka
9 5 (12.50%) .NET
9 5 (12.50%) Linux
9 5 (12.50%) Django
10 4 (10.00%) Software Engineering
10 4 (10.00%) Agile Software Development
10 4 (10.00%) Spring
10 4 (10.00%) Pair Programming
10 4 (10.00%) Billing
10 4 (10.00%) Continuous Integration
10 4 (10.00%) Multithreading

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

For the 6 months to 22 July 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 6 (15.00%) Oracle Workflow
2 3 (7.50%) WebSphere
3 2 (5.00%) Oracle Coherence
4 1 (2.50%) GemFire
4 1 (2.50%) TIBCO ActiveMatrix
4 1 (2.50%) Confluence
Business Applications
1 2 (5.00%) Advent Geneva
2 1 (2.50%) Summit
Database & Business Intelligence
1 4 (10.00%) SQL Server
2 2 (5.00%) SQL Server 2008
2 2 (5.00%) ObjectStore
2 2 (5.00%) PostgreSQL
3 1 (2.50%) Relational Database
3 1 (2.50%) Oracle Database
3 1 (2.50%) Hazelcast
3 1 (2.50%) Redis
3 1 (2.50%) Oracle Database 10g
3 1 (2.50%) OLAP
3 1 (2.50%) Oracle Database 11g
3 1 (2.50%) SQL Server 2005
Development Applications
1 2 (5.00%) TeamCity
2 1 (2.50%) Eclipse
2 1 (2.50%) IntelliJ
2 1 (2.50%) JUnit
2 1 (2.50%) JIRA
General
1 20 (50.00%) Front Office
1 20 (50.00%) Banking
2 11 (27.50%) Finance
2 11 (27.50%) Investment Banking
3 4 (10.00%) Billing
4 2 (5.00%) Back Office
5 1 (2.50%) Legal
5 1 (2.50%) Financial Institution
Job Titles
1 25 (62.50%) Developer
2 11 (27.50%) Analyst
3 7 (17.50%) C++ Developer
4 6 (15.00%) Business Analyst
4 6 (15.00%) Scala Developer
5 5 (12.50%) Java Developer
5 5 (12.50%) Python Developer
6 3 (7.50%) Quantitative Developer
6 3 (7.50%) Support Analyst
7 2 (5.00%) Investment Banking Business Analyst
7 2 (5.00%) Banking Business Analyst
7 2 (5.00%) C# Developer
7 2 (5.00%) Test Analyst
7 2 (5.00%) WPF Developer
8 1 (2.50%) QA Test Analyst
8 1 (2.50%) Senior Java Developer
8 1 (2.50%) Senior Developer
8 1 (2.50%) Programmer
8 1 (2.50%) Software Engineer
8 1 (2.50%) Applications Support
Libraries, Frameworks & Software Standards
1 8 (20.00%) XML
2 6 (15.00%) HTML
3 5 (12.50%) Akka
3 5 (12.50%) .NET
3 5 (12.50%) Django
4 4 (10.00%) Spring
4 4 (10.00%) Hibernate
4 4 (10.00%) Twisted
4 4 (10.00%) WPF
5 3 (7.50%) WebSphere MQ
5 3 (7.50%) Boost C++ Libraries
6 2 (5.00%) STL
6 2 (5.00%) ZeroMQ
7 1 (2.50%) Rendezvous
7 1 (2.50%) Web Services
7 1 (2.50%) jQuery
7 1 (2.50%) ADO.NET Entity Framework
7 1 (2.50%) .NET Framework
7 1 (2.50%) WCF
7 1 (2.50%) MDX
Miscellaneous
1 39 (97.50%) Derivative
2 10 (25.00%) Fixed Income
3 4 (10.00%) Foreign Exchange (FX)
4 2 (5.00%) Equity Derivative
4 2 (5.00%) Credit Risk
5 1 (2.50%) Grid Computing
5 1 (2.50%) Client/Server
5 1 (2.50%) Reference Data
5 1 (2.50%) Data Integration
5 1 (2.50%) Hybrid Derivative
5 1 (2.50%) Interest Rate Derivative
5 1 (2.50%) DTCC
5 1 (2.50%) Mathematics
5 1 (2.50%) Applied Mathematics
5 1 (2.50%) Computer Science
Operating Systems
1 5 (12.50%) Linux
2 4 (10.00%) UNIX
3 2 (5.00%) Windows
4 1 (2.50%) Oracle Linux
Processes & Methodologies
1 9 (22.50%) OO
2 8 (20.00%) TDD
3 6 (15.00%) Workflow
4 4 (10.00%) Software Engineering
4 4 (10.00%) Agile Software Development
4 4 (10.00%) Pair Programming
4 4 (10.00%) Continuous Integration
4 4 (10.00%) Multithreading
4 4 (10.00%) Performance Tuning
5 3 (7.50%) Analytics
5 3 (7.50%) Migration
5 3 (7.50%) RAD
5 3 (7.50%) Performance Testing
5 3 (7.50%) Greeks
6 2 (5.00%) Business Analysis
6 2 (5.00%) Unit Testing
6 2 (5.00%) UML
6 2 (5.00%) OOD
7 1 (2.50%) Low Latency
7 1 (2.50%) Portfolio Management
Programming Languages
1 14 (35.00%) Java
2 10 (25.00%) C++
3 9 (22.50%) C#
3 9 (22.50%) SQL
4 8 (20.00%) Python
5 6 (15.00%) Scala
6 2 (5.00%) F#
7 1 (2.50%) XAML
7 1 (2.50%) MATLAB
7 1 (2.50%) VBA
7 1 (2.50%) C
7 1 (2.50%) PowerShell
Qualifications
1 3 (7.50%) Degree
Quality Assurance & Compliance
1 3 (7.50%) Basel III
2 2 (5.00%) EMIR
2 2 (5.00%) CRD IV
2 2 (5.00%) Dodd-Frank
3 1 (2.50%) QA
Vendors
1 11 (27.50%) Oracle
2 3 (7.50%) Calypso
2 3 (7.50%) TIBCO
2 3 (7.50%) Sybase
3 2 (5.00%) Advent
4 1 (2.50%) 29West
4 1 (2.50%) Sophis
4 1 (2.50%) Microsoft
4 1 (2.50%) Murex
4 1 (2.50%) Reuters
4 1 (2.50%) Bloomberg
4 1 (2.50%) Remedy
4 1 (2.50%) Atlassian
4 1 (2.50%) ION Trading
4 1 (2.50%) DataSynapse
City, London
McGregor Boyall
Rate: £600 - £650 per day + depending on experience
Posted: 6 days ago