City of London Derivative Contracts

The table below looks at the demand for Derivatives skills within the City of London region with a comparison to our Miscellaneous category. Included is a guide to the contractor rates offered in IT jobs that have cited Derivative over the 3 months to 4 December 2008 with a comparison to the same period last year.

Derivatives
Location Belfast Bristol Canary Wharf City of London County Antrim County Londonderry Docklands, London Edinburgh England Glasgow London Middlesex Northern Ireland Oxfordshire Scotland South East South West Swindon UK Wiltshire	3 months to 4 Dec 2008	Same period last year
Rank	14	8
Rank change on same period last year	-6
Matching contract IT job ads	604	885
As % of all UK contract IT job ads sampled	0.980 %	0.966 %
As % of the category below	29.02 %	37.97 %
Daily rates quoted	332	376
Average minimum daily rate	£490	£548
Average daily rate	£540	£585
% change on same period last year	-7.81 %
Average maximum daily rate	£589	£622
UK excluding London average daily rate	£467	£475
% change on same period last year	-1.77 %
Hourly rates quoted	1	2
Average minimum hourly rate	£30.00	£22.50
Average hourly rate	£30.00	£31.25
% change on same period last year	-4.00 %
Average maximum hourly rate	£30.00	£40.00
UK excluding London average hourly rate	£36.25	-
% change on same period last year	-
Miscellaneous City of London
Matching contract IT job ads	2081	2331
As % of all UK contract IT job ads sampled	3.377 %	2.544 %
Daily rates quoted	1130	1034
Average minimum daily rate	£453	£509
Average daily rate	£496	£542
% change on same period last year	-8.48 %
Average maximum daily rate	£540	£576
UK excluding London average daily rate	£344	£345
% change on same period last year	-0.45 %
Hourly rates quoted	77	56
Average minimum hourly rate	£23.50	£21.03
Average hourly rate	£25.80	£22.64
% change on same period last year	+13.95 %
Average maximum hourly rate	£28.11	£24.26
UK excluding London average hourly rate	£25.75	£25.58
% change on same period last year	+0.65 %
Derivative London

We calculate average IT contractor rates directly from the figures quoted and do not attempt to derive hourly rates from daily rates or vice versa.

Derivative
Demand Trend

The chart provides a 3-month moving total beginning in 2004 of IT contractor jobs citing Derivative across the City of London region as a proportion of the total demand within the Miscellaneous category.

Derivative
Daily Rate Trend

The 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 Histogram

The 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 4 December 2008.

Derivative
Hourly Rate Trend

The chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Derivative across the City of London region.

Derivative
Top 30 Related IT Skills

For the 6 months to 4 December 2008, 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.

1 859 (51.34 %) Banking 2 670 (40.05 %) Investment Banking 3 560 (33.47 %) Front Office 4 559 (33.41 %) Finance 5 454 (27.14 %) Fixed Income 6 393 (23.49 %) Credit Derivative 7 339 (20.26 %) Equity Derivative 8 325 (19.43 %) Java 9 304 (18.17 %) C# 10 302 (18.05 %) SQL 11 285 (17.04 %) C++ 12 271 (16.20 %) Equities 13 253 (15.12 %) Interest Rate Derivative 14 245 (14.64 %) Foreign Exchange (FX) 15 196 (11.72 %) Back Office

16 171 (10.22 %) .NET 16 171 (10.22 %) UNIX 17 153 (9.145 %) Risk Management 18 150 (8.966 %) Oracle 19 147 (8.787 %) Business Analysis 20 137 (8.189 %) Sybase 21 133 (7.950 %) VBA 22 132 (7.890 %) OO 23 126 (7.531 %) Calypso 23 126 (7.531 %) Project Management 24 119 (7.113 %) Credit Risk 25 109 (6.515 %) Windows 26 105 (6.276 %) XML 27 85 (5.081 %) Market Risk 28 82 (4.901 %) SQL Server

Derivative
Top Related IT Skills by Category

For the 6 months to 4 December 2008, 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 Development 1 171 (10.22 %) .NET 2 105 (6.276 %) XML 3 74 (4.423 %) Spring 4 67 (4.005 %) J2EE 5 62 (3.706 %) Hibernate 6 37 (2.212 %) WinForms 7 26 (1.554 %) ASP.NET 8 21 (1.255 %) XSLT 8 21 (1.255 %) Swing 8 21 (1.255 %) AJAX 9 18 (1.076 %) ADO.NET 10 17 (1.016 %) WebServices 10 17 (1.016 %) FpML 11 16 (0.956 %) Oracle Coherence 12 14 (0.837 %) FIX Protocol 13 13 (0.777 %) MFC 14 12 (0.717 %) Middleware 15 11 (0.658 %) JDBC 15 11 (0.658 %) WebSphere 16 8 (0.478 %) WCF	Application Platforms 1 23 (1.375 %) TIBCO EMS 2 22 (1.315 %) WebLogic 3 16 (0.956 %) MS Exchange 4 14 (0.837 %) Oracle Workflow 5 12 (0.717 %) MQSeries 6 11 (0.658 %) Apache 7 9 (0.538 %) Rendezvous 8 6 (0.359 %) Office Project Server 9 5 (0.299 %) Exchange Server 2007 9 5 (0.299 %) Exchange Server 2003 10 4 (0.239 %) JBoss 10 4 (0.239 %) SharePoint 11 3 (0.179 %) Lotus Notes 11 3 (0.179 %) WebSphere Application Server 11 3 (0.179 %) WebLogic Portal 12 2 (0.120 %) Blackberry Enterprise Server 12 2 (0.120 %) Oracle Application Server 13 1 (0.060 %) CMS 13 1 (0.060 %) Tomcat 13 1 (0.060 %) Documentum
Applications 1 34 (2.032 %) MS Excel 2 32 (1.913 %) Spreadsheet 3 29 (1.733 %) MS Office 4 22 (1.315 %) MS Project 5 8 (0.478 %) MS Visio 6 4 (0.239 %) MS PowerPoint 6 4 (0.239 %) Photoshop	Business Applications 1 31 (1.853 %) Summit 2 25 (1.494 %) Sophis RISQUE 3 13 (0.777 %) Endur 4 4 (0.239 %) LongView 4 4 (0.239 %) Minerva 5 3 (0.179 %) RMDS 5 3 (0.179 %) Advent Geneva 6 2 (0.120 %) FLEXCUBE 6 2 (0.120 %) Sophis VALUE 6 2 (0.120 %) SAP Bank Analyzer 6 2 (0.120 %) Murex MxG2000 7 1 (0.060 %) Findur 7 1 (0.060 %) Capstone 7 1 (0.060 %) Tesseract 7 1 (0.060 %) TIBCO iProcess 7 1 (0.060 %) ADP Wilco Gloss 7 1 (0.060 %) Kondor+ 7 1 (0.060 %) Loan IQ 7 1 (0.060 %) FRONT ARENA
Communications & Networking 1 11 (0.658 %) TCP/IP 1 11 (0.658 %) SAN 2 8 (0.478 %) LDAP 3 5 (0.299 %) DECnet 4 4 (0.239 %) Firewall 5 3 (0.179 %) Internet 5 3 (0.179 %) OSPF 5 3 (0.179 %) BGP 5 3 (0.179 %) HTTP 5 3 (0.179 %) Cisco PIX 5 3 (0.179 %) VPN 5 3 (0.179 %) SSL 6 2 (0.120 %) Intranet 7 1 (0.060 %) ADSL 7 1 (0.060 %) WAN 7 1 (0.060 %) Ethernet 7 1 (0.060 %) FTP 7 1 (0.060 %) SSH	Database & Business Intelligence 1 82 (4.901 %) SQL Server 2 23 (1.375 %) Oracle 10g 3 15 (0.897 %) Datawarehouse 4 13 (0.777 %) ETL 4 13 (0.777 %) RDBMS 4 13 (0.777 %) Reference Data 5 9 (0.538 %) MS Access 6 8 (0.478 %) Ingres 6 8 (0.478 %) SQL Server 2005 7 7 (0.418 %) SQL Server Reporting Services 8 6 (0.359 %) Data Mart 8 6 (0.359 %) Crystal Reports 9 5 (0.299 %) Oracle Reports 9 5 (0.299 %) Oracle OWB 9 5 (0.299 %) SQL Server Analysis Services 10 4 (0.239 %) Sybase ASE 10 4 (0.239 %) BusinessObjects 11 3 (0.179 %) SQL Server Integration Services 12 2 (0.120 %) SQLPlus 12 2 (0.120 %) Oracle Discoverer
Development Applications 1 47 (2.809 %) ClearCase 2 39 (2.331 %) TestDirector 3 27 (1.614 %) Visual Studio 4 25 (1.494 %) ClearQuest 5 16 (0.956 %) Ant 6 14 (0.837 %) JUnit 7 10 (0.598 %) WinRunner 7 10 (0.598 %) LoadRunner 8 6 (0.359 %) NUnit 8 6 (0.359 %) QuickTest Pro 8 6 (0.359 %) JIRA 9 5 (0.299 %) Rational Rose 9 5 (0.299 %) Eclipse 10 2 (0.120 %) IntelliJ 10 2 (0.120 %) Subversion 11 1 (0.060 %) Cactus 11 1 (0.060 %) ReSharper 11 1 (0.060 %) Expression Blend 11 1 (0.060 %) DevPartner	General 1 859 (51.34 %) Banking 2 670 (40.05 %) Investment Banking 3 560 (33.47 %) Front Office 4 559 (33.41 %) Finance 5 196 (11.72 %) Back Office 6 38 (2.271 %) Financial Institution 7 11 (0.658 %) Education 8 6 (0.359 %) Government 8 6 (0.359 %) General Ledger 8 6 (0.359 %) Retail 9 5 (0.299 %) Insurance 10 4 (0.239 %) Corporate Banking 10 4 (0.239 %) International Banking 11 3 (0.179 %) Legal 11 3 (0.179 %) Publishing 11 3 (0.179 %) Marketing 12 2 (0.120 %) Auditing 12 2 (0.120 %) Health 12 2 (0.120 %) Construction 12 2 (0.120 %) Online Banking
Job Titles 1 680 (40.65 %) Analyst 2 606 (36.22 %) Developer 3 490 (29.29 %) Business Analyst 4 195 (11.66 %) Java Developer 5 128 (7.651 %) C# Developer 6 98 (5.858 %) C++ Developer 7 94 (5.619 %) Project Manager 8 87 (5.200 %) Support Analyst 9 77 (4.603 %) Investment Banking Business Analyst 10 69 (4.124 %) Banking Business Analyst 11 67 (4.005 %) Credit Risk Analyst 12 59 (3.527 %) Credit Risk Business Analyst 13 55 (3.288 %) Risk Analyst 14 52 (3.108 %) Credit Analyst 15 51 (3.048 %) Equity Derivatives Business Analyst 16 46 (2.750 %) Senior Developer 17 44 (2.630 %) Test Analyst 18 43 (2.570 %) Sophis Developer 19 38 (2.271 %) Applications Support 19 38 (2.271 %) Senior Analyst	Miscellaneous 1 454 (27.14 %) Fixed Income 2 393 (23.49 %) Credit Derivative 3 339 (20.26 %) Equity Derivative 4 271 (16.20 %) Equities 5 253 (15.12 %) Interest Rate Derivative 6 245 (14.64 %) Foreign Exchange (FX) 7 119 (7.113 %) Credit Risk 8 85 (5.081 %) Market Risk 9 58 (3.467 %) Grid Computing 10 29 (1.733 %) Multithreading 11 24 (1.435 %) Exotic Derivative 12 22 (1.315 %) Computer Science 13 18 (1.076 %) Mathematics 14 15 (0.897 %) Management Information System 15 12 (0.717 %) N-Tier 16 10 (0.598 %) Blackberry 17 9 (0.538 %) Swaptions 18 6 (0.359 %) DTCC 19 4 (0.239 %) Physics 19 4 (0.239 %) Data Extraction
Operating Systems 1 171 (10.22 %) UNIX 2 109 (6.515 %) Windows 3 38 (2.271 %) Linux 4 32 (1.913 %) Solaris 5 26 (1.554 %) Windows XP 6 16 (0.956 %) Windows 2000 7 13 (0.777 %) VMS 7 13 (0.777 %) Windows Server 2003 8 6 (0.359 %) OpenVMS 9 1 (0.060 %) OS/400 9 1 (0.060 %) Windows NT	Processes & Methodologies 1 153 (9.145 %) Risk Management 2 147 (8.787 %) Business Analysis 3 132 (7.890 %) OO 4 126 (7.531 %) Project Management 5 81 (4.842 %) Workflow 6 79 (4.722 %) Migration 6 79 (4.722 %) Change Management 7 64 (3.825 %) User Acceptance Testing 8 61 (3.646 %) Test Scripting 8 61 (3.646 %) Asset Management 9 60 (3.586 %) Scrum 10 56 (3.347 %) UML 11 49 (2.929 %) OOD 12 45 (2.690 %) Agile Software Development 13 42 (2.510 %) Algorithmic Trading 14 41 (2.451 %) Monte Carlo Method 15 35 (2.092 %) PRINCE2 16 34 (2.032 %) Use Case 17 33 (1.973 %) RUP 18 31 (1.853 %) Project Planning
Programming Languages 1 325 (19.43 %) Java 2 304 (18.17 %) C# 3 302 (18.05 %) SQL 4 285 (17.04 %) C++ 5 133 (7.950 %) VBA 6 67 (4.005 %) C 7 63 (3.766 %) VB 8 56 (3.347 %) VC++ 9 33 (1.973 %) PL/SQL 10 18 (1.076 %) XQuery 11 16 (0.956 %) JavaScript 11 16 (0.956 %) Perl 11 16 (0.956 %) Korn 12 10 (0.598 %) Shell Script 13 7 (0.418 %) VB6 14 6 (0.359 %) Python 14 6 (0.359 %) Transact-SQL 15 5 (0.299 %) DCL 16 4 (0.239 %) RPG 17 3 (0.179 %) REXX	Qualifications 1 54 (3.228 %) Degree 2 33 (1.973 %) ISEB 3 12 (0.717 %) PRINCE2 Certification 4 10 (0.598 %) ISEB Practitioner 5 7 (0.418 %) Microsoft Certification 5 7 (0.418 %) MCP 5 7 (0.418 %) MCSE 6 5 (0.299 %) PhD 6 5 (0.299 %) PRINCE2 Practitioner 7 4 (0.239 %) ITIL Certification 8 3 (0.179 %) CCIE 8 3 (0.179 %) CCNP 8 3 (0.179 %) Cisco Certification 9 1 (0.060 %) ACCA 9 1 (0.060 %) CIMA
Quality Assurance & Compliance 1 37 (2.212 %) QA 2 12 (0.717 %) Basel II 3 7 (0.418 %) Sarbanes-Oxley 4 4 (0.239 %) ISO9001 5 1 (0.060 %) SLA 5 1 (0.060 %) GAAP 5 1 (0.060 %) ISO/IEC 20000	System Software 1 11 (0.658 %) NetBackup 2 6 (0.359 %) Active Directory 3 3 (0.179 %) AquaLogic
Systems Management 1 11 (0.658 %) AutoSys 2 8 (0.478 %) CiscoWorks 3 7 (0.418 %) BMC PATROL 4 6 (0.359 %) OpenView 5 4 (0.239 %) CONTROL-M 6 3 (0.179 %) NNM	Vendors 1 150 (8.966 %) Oracle 2 137 (8.189 %) Sybase 3 126 (7.531 %) Calypso 4 73 (4.363 %) DataSynapse 5 68 (4.065 %) Murex 6 61 (3.646 %) Sophis 7 60 (3.586 %) Bloomberg 8 58 (3.467 %) Reuters 9 41 (2.451 %) TIBCO 10 22 (1.315 %) Microsoft 11 19 (1.136 %) Tangosol 12 17 (1.016 %) Remedy 13 16 (0.956 %) BEA 13 16 (0.956 %) Thunderhead 14 15 (0.897 %) HP 14 15 (0.897 %) OpenLink 15 13 (0.777 %) Algorithmics 16 12 (0.717 %) Citrix 17 10 (0.598 %) VERITAS 18 9 (0.538 %) Charles River