The table below looks at the prevalence of the term 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 Derivative over the 3 months to 23 January 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
23 Jan 2015
Same period 2014 Same period 2013
Derivatives
Rank 43 35 31
Rank change year-on-year
-8 -4
Contract jobs citing Derivative 211 300 293
As % of all contract IT jobs located in the City of London 4.16% 4.99% 5.20%
As % of the Miscellaneous category 11.09% 13.15% 14.19%
Number of daily rates quoted 190 253 266
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£550 £575 £550
Average daily rate % change year-on-year
-4.34% +4.54%
90% offered a daily rate of more than £450 £461 £425
10% offered a daily rate of more than £650 £670 £650
UK excluding London average daily rate £501 £425 £375
% change year-on-year
+17.88% +13.33%
Number of hourly rates quoted 0 2 0
Average hourly rate - £37.25 -
UK excluding London average hourly rate - - £37.50
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
1902 2281 2065
As % of all contract IT jobs located in the City of London 37.52% 37.92% 36.61%
Number of daily rates quoted 1487 1670 1610
Average daily rate £460 £500 £475
Average daily rate % change year-on-year
-8.00% +5.26%
90% offered a daily rate of more than £300 £275 £300
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £366 £350 £338
% change year-on-year
+4.57% +3.70%
Number of hourly rates quoted 29 38 51
Average hourly rate £16.00 £19.75 £21.00
Average hourly rate % change year-on-year
-18.98% -5.95%
90% offered a hourly rate of more than £13.25 £15.50 £12.50
10% offered a hourly rate of more than £23.50 £42.50 £90.50
UK excluding London average hourly rate £18.50 £18.50 £20.00
% change year-on-year
- -7.50%

Derivative
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Derivative across the City of London region as a proportion of the total demand within the Miscellaneous category.

Derivative Jobs Demand Trend in the City of London

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 Derivative across the City of London region.

Derivative Daily Rate Trend in the City of London

Derivative
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Derivative across the City of London region over the 3 months to 23 January 2015.

Derivative Daily Rate Histogram in the City of London

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 Derivative across the City of London region.

Derivative Hourly Rate Trend in the City of London

Derivative
Top 30 Related IT Skills in the City of London

For the 6 months to 23 January 2015, IT contractor jobs across the City of London region citing 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 Derivative.

1 166 (44.39%) Java
2 160 (42.78%) Banking
3 154 (41.18%) Front Office
4 119 (31.82%) Finance
5 111 (29.68%) Agile Software Development
5 111 (29.68%) SQL
6 91 (24.33%) Investment Banking
7 86 (22.99%) Foreign Exchange (FX)
8 85 (22.73%) Fixed Income
9 78 (20.86%) C#
9 78 (20.86%) UNIX
10 70 (18.72%) Equities
11 68 (18.18%) Equity Derivative
12 54 (14.44%) C++
13 52 (13.90%) Oracle
14 47 (12.57%) Linux
15 46 (12.30%) Analytical Skills
16 44 (11.76%) OO
16 44 (11.76%) Credit Derivative
17 42 (11.23%) .NET
18 37 (9.89%) TDD
19 35 (9.36%) Risk Management
19 35 (9.36%) Windows
20 34 (9.09%) Relational Database
21 33 (8.82%) XML
22 31 (8.29%) SQL Server
23 30 (8.02%) Back Office
24 29 (7.75%) Asset Management
24 29 (7.75%) Spring
25 28 (7.49%) TeamCity

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

For the 6 months to 23 January 2015, IT contractor jobs across the City of London region citing 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 Derivative. Up to 20 skills are shown per category.

Application Platforms
1 6 (1.60%) Node.js
2 3 (0.80%) WebSphere
2 3 (0.80%) Confluence
3 2 (0.53%) Tomcat
3 2 (0.53%) WebLogic
3 2 (0.53%) Oracle Coherence
4 1 (0.27%) AquaLogic Service Bus
4 1 (0.27%) SharePoint 2010
4 1 (0.27%) SharePoint Server
4 1 (0.27%) SharePoint
Applications
1 10 (2.67%) MS Excel
2 7 (1.87%) MS Visio
3 6 (1.60%) MS Office
4 4 (1.07%) MS PowerPoint
5 3 (0.80%) Spreadsheet
6 1 (0.27%) MS Project
Business Applications
1 6 (1.60%) Sentinel
1 6 (1.60%) SunGard GMI
2 5 (1.34%) Markit EDM
3 4 (1.07%) Remedy ITSM
4 3 (0.80%) Summit
5 2 (0.53%) FLEXCUBE
5 2 (0.53%) RMDS
5 2 (0.53%) LatentZero
5 2 (0.53%) Oracle Applications
5 2 (0.53%) IntelliMatch
6 1 (0.27%) SunGard Stream Clearvision
6 1 (0.27%) Eagle PACE
6 1 (0.27%) Dynamics CRM
6 1 (0.27%) Cognos Business Intelligence
6 1 (0.27%) Global One
6 1 (0.27%) Tesseract
6 1 (0.27%) Minerva
Cloud Services
1 1 (0.27%) Microsoft Azure
Communications & Networking
1 3 (0.80%) TCP/IP
2 2 (0.53%) Firewall
3 1 (0.27%) NAS
3 1 (0.27%) Wireshark
3 1 (0.27%) tcpdump
3 1 (0.27%) Multicast
3 1 (0.27%) DNS
3 1 (0.27%) SAN
3 1 (0.27%) Intranet
Database & Business Intelligence
1 34 (9.09%) Relational Database
2 31 (8.29%) SQL Server
3 11 (2.94%) RDBMS
4 7 (1.87%) DB2
5 4 (1.07%) Oracle Database
5 4 (1.07%) SQL Server Integration Services
5 4 (1.07%) SQL Server 2008
6 3 (0.80%) Hadoop
6 3 (0.80%) Big Data
6 3 (0.80%) SQL Server Reporting Services
6 3 (0.80%) Data Mining
7 2 (0.53%) Data Warehouse
7 2 (0.53%) MS Access
7 2 (0.53%) Crystal Reports
7 2 (0.53%) Data Mart
7 2 (0.53%) SQL Server 2005
8 1 (0.27%) KDB
8 1 (0.27%) QlikView
8 1 (0.27%) Oracle OLAP
8 1 (0.27%) MongoDB
Development Applications
1 28 (7.49%) TeamCity
2 23 (6.15%) JUnit
3 22 (5.88%) Ant
3 22 (5.88%) Maven
4 20 (5.35%) CruiseControl
5 15 (4.01%) JIRA
6 7 (1.87%) Subversion
6 7 (1.87%) Eclipse
7 6 (1.60%) Visual Studio
8 4 (1.07%) NUnit
9 3 (0.80%) Cucumber
9 3 (0.80%) QuickTest Pro
10 2 (0.53%) ProC
10 2 (0.53%) RequisitePro
10 2 (0.53%) Rational Rose
10 2 (0.53%) IntelliJ
10 2 (0.53%) Toad
10 2 (0.53%) ClearCase
10 2 (0.53%) JBehave
10 2 (0.53%) Team Foundation Server
General
1 160 (42.78%) Banking
2 154 (41.18%) Front Office
3 119 (31.82%) Finance
4 91 (24.33%) Investment Banking
5 30 (8.02%) Back Office
6 10 (2.67%) Telecoms
7 8 (2.14%) Legal
8 7 (1.87%) Financial Institution
9 4 (1.07%) Advertising
10 2 (0.53%) General Ledger
10 2 (0.53%) Marketing
11 1 (0.27%) Wholesale Banking
11 1 (0.27%) Retail Banking
11 1 (0.27%) Corporate Banking
11 1 (0.27%) French Language
11 1 (0.27%) Publishing
11 1 (0.27%) Games
11 1 (0.27%) Retail
Job Titles
1 194 (51.87%) Developer
2 105 (28.07%) Analyst
3 98 (26.20%) Java Developer
4 57 (15.24%) Business Analyst
5 36 (9.63%) C# Developer
6 30 (8.02%) Senior Developer
7 24 (6.42%) Applications Support
8 23 (6.15%) C++ Developer
9 19 (5.08%) Support Analyst
10 18 (4.81%) Senior Java Developer
11 13 (3.48%) Python Developer
11 13 (3.48%) Test Manager
12 12 (3.21%) Applications Support Analyst
12 12 (3.21%) .NET Developer
13 11 (2.94%) C++/C# Developer
13 11 (2.94%) C# .NET Developer
13 11 (2.94%) Test Analyst
14 10 (2.67%) Programmer
14 10 (2.67%) Java Programmer
15 9 (2.41%) VBA Developer
Libraries, Frameworks & Software Standards
1 42 (11.23%) .NET
2 33 (8.82%) XML
3 29 (7.75%) Spring
4 21 (5.61%) WPF
5 20 (5.35%) JDBC
6 19 (5.08%) Hibernate
7 17 (4.55%) Swing
7 17 (4.55%) JMS
8 14 (3.74%) HTML
8 14 (3.74%) REST
9 12 (3.21%) HTML5
9 12 (3.21%) FIX Protocol
10 11 (2.94%) WCF
11 9 (2.41%) Middleware
12 8 (2.14%) FpML
12 8 (2.14%) Web Services
12 8 (2.14%) RESTful
13 7 (1.87%) .NET Framework
14 6 (1.60%) XSLT
14 6 (1.60%) SOAP
Miscellaneous
1 86 (22.99%) Foreign Exchange (FX)
2 85 (22.73%) Fixed Income
3 70 (18.72%) Equities
4 68 (18.18%) Equity Derivative
5 46 (12.30%) Analytical Skills
6 44 (11.76%) Credit Derivative
7 19 (5.08%) Mathematics
7 19 (5.08%) Interest Rate Derivative
8 15 (4.01%) Computer Science
9 11 (2.94%) Market Risk
10 8 (2.14%) Management Information System
10 8 (2.14%) Credit Risk
11 6 (1.60%) iSeries
12 5 (1.34%) Inversion of Control
12 5 (1.34%) Hedge funds
12 5 (1.34%) SWIFT
13 4 (1.07%) Grid Computing
13 4 (1.07%) Replication
13 4 (1.07%) iPad
13 4 (1.07%) Data Integration
Operating Systems
1 78 (20.86%) UNIX
2 47 (12.57%) Linux
3 35 (9.36%) Windows
4 7 (1.87%) Oracle Linux
5 3 (0.80%) Solaris
6 2 (0.53%) Windows Server 2008
7 1 (0.27%) Red Hat Enterprise Linux
7 1 (0.27%) Windows Server 2003
Processes & Methodologies
1 111 (29.68%) Agile Software Development
2 44 (11.76%) OO
3 37 (9.89%) TDD
4 35 (9.36%) Risk Management
5 29 (7.75%) Asset Management
6 27 (7.22%) Multithreading
7 22 (5.88%) Data Modelling
7 22 (5.88%) Low Latency
8 21 (5.61%) SOA
9 20 (5.35%) OOP
9 20 (5.35%) Business Analysis
9 20 (5.35%) BDD
10 17 (4.55%) RAD
11 16 (4.28%) Analytics
12 14 (3.74%) Data Analysis
12 14 (3.74%) User Acceptance Testing
13 13 (3.48%) Project Management
14 12 (3.21%) Scrum
15 11 (2.94%) Integration Testing
15 11 (2.94%) Test Management
Programming Languages
1 166 (44.39%) Java
2 111 (29.68%) SQL
3 78 (20.86%) C#
4 54 (14.44%) C++
5 27 (7.22%) VBA
5 27 (7.22%) Python
6 15 (4.01%) JavaScript
6 15 (4.01%) Perl
7 10 (2.67%) Shell Script
7 10 (2.67%) Scala
8 4 (1.07%) RPG
8 4 (1.07%) T-SQL
8 4 (1.07%) XAML
8 4 (1.07%) RPG IV
9 3 (0.80%) Groovy
9 3 (0.80%) VB
10 2 (0.53%) VBScript
10 2 (0.53%) PL/SQL
10 2 (0.53%) VB6
11 1 (0.27%) PowerShell
Qualifications
1 18 (4.81%) Degree
2 6 (1.60%) ISEB
3 5 (1.34%) ISEB Practitioner
4 2 (0.53%) ISTQB
5 1 (0.27%) ISTQB Foundation Certification
5 1 (0.27%) PhD
Quality Assurance & Compliance
1 9 (2.41%) EMIR
2 8 (2.14%) ISO 9001
3 7 (1.87%) Dodd-Frank
4 3 (0.80%) QA
5 1 (0.27%) MiFID
5 1 (0.27%) Basel III
System Software
1 1 (0.27%) Platform Symphony
Systems Management
1 11 (2.94%) HP Quality Center
2 6 (1.60%) Control-M
3 4 (1.07%) BMC PATROL
4 3 (0.80%) Vagrant
5 1 (0.27%) Opscode Chef
Vendors
1 52 (13.90%) Oracle
2 21 (5.61%) Sybase
3 18 (4.81%) Murex
4 13 (3.48%) Bloomberg
5 12 (3.21%) TIBCO
6 7 (1.87%) thinkFolio
6 7 (1.87%) SunGard
6 7 (1.87%) HP
7 6 (1.60%) Calypso
7 6 (1.60%) Microsoft
7 6 (1.60%) DataSynapse
7 6 (1.60%) Tradeweb
8 5 (1.34%) Remedy
8 5 (1.34%) Charles River
9 4 (1.07%) BMC
9 4 (1.07%) Apple
9 4 (1.07%) IBM
9 4 (1.07%) Fidessa
9 4 (1.07%) Business Objects
9 4 (1.07%) MarketAxess
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