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 contractor rates offered in IT contracts that have cited Credit Derivative over the 3 months to 22 January 2017 with a comparison to the same period over 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.

3 months to
22 Jan 2017
Same period 2016 Same period 2015
Credit Derivatives
London / City of London
Rank 147 143 175
Rank change year-on-year
-4 +32
Contract jobs citing Credit Derivative 6 6 19
As % of all contract IT jobs located in the City of London 0.21% 0.19% 0.37%
As % of the Miscellaneous category 0.54% 0.48% 0.97%
Number of daily rates quoted 5 6 13
Median daily rate £550 £525 £610
Median daily rate % change year-on-year
+4.76% -13.93%
90% offered a daily rate of more than £425 £525 £550
10% offered a daily rate of more than £650 £613 £646
UK excluding London median daily rate - - £505
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
1114 1241 1968
As % of all contract IT jobs located in the City of London 38.49% 40.31% 38.65%
Number of daily rates quoted 838 939 1552
Median daily rate £500 £500 £465
Median daily rate % change year-on-year
- +7.58%
90% offered a daily rate of more than £325 £300 £300
10% offered a daily rate of more than £650 £650 £625
UK excluding London median daily rate £390 £375 £365
% change year-on-year
+4.00% +2.73%
Number of hourly rates quoted 9 24 28
Median hourly rate £22.13 £19.99 £17.50
Median hourly rate % change year-on-year
+10.68% +14.22%
90% offered a hourly rate of more than £16.15 £13.00 £13.36
10% offered a hourly rate of more than £55.00 £31.68 £23.50
UK excluding London median hourly rate £19.30 £21.50 £17.50
% change year-on-year
-10.22% +22.85%

Credit Derivative
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Credit Derivative as a proportion of all IT contracts with a match in 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 January 2017.

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 January 2017, IT contractor jobs citing Credit Derivative also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Credit Derivative.

1 17 (100.00%) Derivative
2 15 (88.24%) Fixed Income
3 14 (82.35%) Front Office
4 8 (47.06%) Foreign Exchange (FX)
4 8 (47.06%) Finance
5 7 (41.18%) SQL
6 6 (35.29%) Java
6 6 (35.29%) FIX Protocol
7 5 (29.41%) RMDS
7 5 (29.41%) TIBCO
7 5 (29.41%) Rendezvous
7 5 (29.41%) Reuters
7 5 (29.41%) Oracle
7 5 (29.41%) JUnit
7 5 (29.41%) Linux
7 5 (29.41%) Equities
7 5 (29.41%) Multithreading
7 5 (29.41%) Electronic Trading
8 4 (23.53%) OO
8 4 (23.53%) Murex
9 3 (17.65%) Market Risk
9 3 (17.65%) Python
9 3 (17.65%) Banking
10 2 (11.76%) Tesseract
10 2 (11.76%) Minerva
10 2 (11.76%) Sentinel
10 2 (11.76%) Asset Management
10 2 (11.76%) Agile Software Development
10 2 (11.76%) Migration
10 2 (11.76%) Global One

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

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (5.88%) Confluence
Business Applications
1 5 (29.41%) RMDS
2 2 (11.76%) Global One
2 2 (11.76%) Minerva
2 2 (11.76%) Sentinel
2 2 (11.76%) Tesseract
Database & Business Intelligence
1 2 (11.76%) SQL Server
Development Applications
1 5 (29.41%) JUnit
2 1 (5.88%) JIRA
General
1 14 (82.35%) Front Office
2 8 (47.06%) Finance
3 3 (17.65%) Banking
4 1 (5.88%) Back Office
Job Titles
1 9 (52.94%) Analyst
2 7 (41.18%) Business Analyst
3 6 (35.29%) Developer
3 6 (35.29%) Senior Developer
4 5 (29.41%) Electronic Trading Developer
4 5 (29.41%) Electronic Trading Java Developer
4 5 (29.41%) Java Developer
4 5 (29.41%) Senior Java Developer
5 4 (23.53%) Murex Analyst
5 4 (23.53%) Murex Business Analyst
6 3 (17.65%) Market Analyst
6 3 (17.65%) Market Risk Analyst
6 3 (17.65%) Market Risk Business Analyst
6 3 (17.65%) Risk Analyst
6 3 (17.65%) Risk Business Analyst
7 1 (5.88%) C# Developer
7 1 (5.88%) Credit Analyst
7 1 (5.88%) QA Engineer
7 1 (5.88%) Quality Engineer
7 1 (5.88%) Support Analyst
Libraries, Frameworks & Software Standards
1 6 (35.29%) FIX Protocol
2 5 (29.41%) Rendezvous
3 2 (11.76%) XML
4 1 (5.88%) .NET
4 1 (5.88%) HTML
4 1 (5.88%) HTML5
Miscellaneous
1 17 (100.00%) Derivative
2 15 (88.24%) Fixed Income
3 8 (47.06%) Foreign Exchange (FX)
4 5 (29.41%) Equities
5 3 (17.65%) Market Risk
6 2 (11.76%) Management Information System
6 2 (11.76%) OTC Derivatives
7 1 (5.88%) Interest Rate Derivative
Operating Systems
1 5 (29.41%) Linux
2 2 (11.76%) Unix
Processes & Methodologies
1 5 (29.41%) Electronic Trading
1 5 (29.41%) Multithreading
2 4 (23.53%) OO
3 2 (11.76%) Agile Software Development
3 2 (11.76%) Asset Management
3 2 (11.76%) Collateral Management
3 2 (11.76%) Fund Management
3 2 (11.76%) Migration
3 2 (11.76%) Risk Management
4 1 (5.88%) BPMN
4 1 (5.88%) Change Management
4 1 (5.88%) Data Migration
4 1 (5.88%) Greeks
4 1 (5.88%) Information Security
4 1 (5.88%) Internal Audit
4 1 (5.88%) Manual Testing
4 1 (5.88%) OOA/OOD
4 1 (5.88%) Stakeholder Management
4 1 (5.88%) Test Automation
4 1 (5.88%) Test Scripting
Programming Languages
1 7 (41.18%) SQL
2 6 (35.29%) Java
3 3 (17.65%) Python
4 1 (5.88%) C#
4 1 (5.88%) C++
4 1 (5.88%) JavaScript
4 1 (5.88%) VBScript
Qualifications
1 2 (11.76%) Degree
Quality Assurance & Compliance
1 2 (11.76%) QA
Systems Management
1 1 (5.88%) HP Quality Center
Vendors
1 5 (29.41%) Oracle
1 5 (29.41%) Reuters
1 5 (29.41%) TIBCO
2 4 (23.53%) Murex
3 2 (11.76%) Fidessa
4 1 (5.88%) HP
4 1 (5.88%) Microsoft