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 24 July 2016 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
24 Jul 2016
Same period 2015 Same period 2014
Credit Derivatives
Rank 161 194 190
Rank change year-on-year
+33 -4
Contract jobs citing Credit Derivative 5 19 13
As % of all contract IT jobs located in the City of London 0.15% 0.32% 0.23%
As % of the Miscellaneous category 0.36% 0.83% 0.59%
Number of daily rates quoted 4 16 12
Median daily rate £630 £575 £600
Median daily rate % change year-on-year
+9.56% -4.16%
90% offered a daily rate of more than £568 £525 £550
10% offered a daily rate of more than £650 £700 £623
UK excluding London median daily rate - £550 -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
1378 2287 2222
As % of all contract IT jobs located in the City of London 40.28% 38.58% 38.72%
Number of daily rates quoted 1113 1831 1608
Median daily rate £465 £475 £475
Median daily rate % change year-on-year
-2.10% -
90% offered a daily rate of more than £325 £300 £276
10% offered a daily rate of more than £650 £650 £650
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 13 41 45
Median hourly rate £12.50 £20.00 £20.19
Median hourly rate % change year-on-year
-37.50% -0.92%
UK excluding London median hourly rate £21.36 £18.00 £20.50
% change year-on-year
+18.63% -12.19%

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
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 24 July 2016, 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 14 (100.00%) Derivative
2 12 (85.71%) Fixed Income
3 10 (71.43%) Finance
4 7 (50.00%) SQL
5 6 (42.86%) Front Office
6 5 (35.71%) Banking
6 5 (35.71%) Investment Banking
7 4 (28.57%) Risk Management
7 4 (28.57%) C#
7 4 (28.57%) Java
8 3 (21.43%) Data Warehouse
8 3 (21.43%) OO
8 3 (21.43%) Project Management
8 3 (21.43%) Spring
8 3 (21.43%) Market Risk
8 3 (21.43%) Spring Integration
8 3 (21.43%) SDLC
9 2 (14.29%) Data Structures
9 2 (14.29%) Algorithms
9 2 (14.29%) Logical Data Model
9 2 (14.29%) Relational Database
9 2 (14.29%) Straight-Through Processing
9 2 (14.29%) ION MarketView
9 2 (14.29%) Analytics
9 2 (14.29%) Low Latency
9 2 (14.29%) Stress Testing
9 2 (14.29%) Financial Modelling
9 2 (14.29%) Stakeholder Management
9 2 (14.29%) Credit Risk
9 2 (14.29%) Requirements Analysis

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 2 (14.29%) Tomcat
Applications
1 1 (7.14%) Spreadsheet
Business Applications
1 2 (14.29%) ION MarketView
2 1 (7.14%) SunGard GMI
Database & Business Intelligence
1 3 (21.43%) Data Warehouse
2 2 (14.29%) Relational Database
2 2 (14.29%) Star Schema
3 1 (7.14%) SQL Server
Development Applications
1 2 (14.29%) PowerDesigner
General
1 10 (71.43%) Finance
2 6 (42.86%) Front Office
3 5 (35.71%) Banking
3 5 (35.71%) Investment Banking
Job Titles
1 7 (50.00%) Developer
2 5 (35.71%) Analyst
3 3 (21.43%) Business Analyst
3 3 (21.43%) Java Developer
4 2 (14.29%) Data Modeller
4 2 (14.29%) Front Office Developer
4 2 (14.29%) Lead Developer
4 2 (14.29%) Lead Java Developer
4 2 (14.29%) Senior Developer
5 1 (7.14%) Angular Developer
5 1 (7.14%) C# Developer
5 1 (7.14%) Market Risk Analyst
5 1 (7.14%) Market Risk Business Analyst
5 1 (7.14%) Perl Developer
5 1 (7.14%) Python Developer
5 1 (7.14%) Qualitative Analyst
5 1 (7.14%) Quantitative Analyst
5 1 (7.14%) Risk Analyst
5 1 (7.14%) Senior C# Developer
5 1 (7.14%) Senior Java Developer
Libraries, Frameworks & Software Standards
1 3 (21.43%) Spring
1 3 (21.43%) Spring Integration
2 1 (7.14%) AngularJS
2 1 (7.14%) HTML
2 1 (7.14%) HTML5
2 1 (7.14%) WPF
Miscellaneous
1 14 (100.00%) Derivative
2 12 (85.71%) Fixed Income
3 3 (21.43%) Market Risk
4 2 (14.29%) Algorithms
4 2 (14.29%) Credit Risk
4 2 (14.29%) Data Structures
4 2 (14.29%) Foreign Exchange (FX)
5 1 (7.14%) Analytical Skills
5 1 (7.14%) Equities
5 1 (7.14%) Grid Computing
Processes & Methodologies
1 4 (28.57%) Risk Management
2 3 (21.43%) OO
2 3 (21.43%) Project Management
2 3 (21.43%) SDLC
3 2 (14.29%) Analytics
3 2 (14.29%) Data Modelling
3 2 (14.29%) Financial Modelling
3 2 (14.29%) Logical Data Model
3 2 (14.29%) Low Latency
3 2 (14.29%) Requirements Analysis
3 2 (14.29%) Stakeholder Management
3 2 (14.29%) Straight-Through Processing
3 2 (14.29%) Stress Testing
4 1 (7.14%) Agile Software Development
4 1 (7.14%) Asset Management
4 1 (7.14%) Business Analysis
4 1 (7.14%) Data Migration
4 1 (7.14%) Investment Management
4 1 (7.14%) Migration
4 1 (7.14%) TDD
Programming Languages
1 7 (50.00%) SQL
2 4 (28.57%) C#
2 4 (28.57%) Java
3 2 (14.29%) Perl
3 2 (14.29%) Python
4 1 (7.14%) C++
4 1 (7.14%) IronPython
4 1 (7.14%) PL/SQL
4 1 (7.14%) Tcl
4 1 (7.14%) T-SQL
4 1 (7.14%) VBA
Vendors
1 2 (14.29%) ION Trading
1 2 (14.29%) Oracle
2 1 (7.14%) Bloomberg
2 1 (7.14%) FactSet
2 1 (7.14%) SunGard