The table below looks at the prevalence of the term Foreign Exchange (FX) 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 Foreign Exchange (FX) over the 3 months to 27 March 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
27 Mar 2015
Same period 2014 Same period 2013
Foreign Exchange (FX)
Rank 68 47 38
Rank change year-on-year
-21 -9
Contract jobs citing Foreign Exchange (FX) 139 239 284
As % of all contract IT jobs located in the City of London 2.71% 3.94% 4.81%
As % of the Miscellaneous category 7.31% 10.04% 12.82%
Number of daily rates quoted 127 196 243
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£600 £625 £575
Average daily rate % change year-on-year
-4.00% +8.69%
90% offered a daily rate of more than £400 £485 £425
10% offered a daily rate of more than £700 £744 £695
UK excluding London average daily rate £425 £458 £388
% change year-on-year
-7.10% +18.06%
Number of hourly rates quoted 0 5 4
Average hourly rate - £22.50 £72.50
Average hourly rate % change year-on-year
- -68.96%
UK excluding London average hourly rate £13.50 £47.00 £20.50
% change year-on-year
-71.27% +129.26%
Foreign Exchange (FX)
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
1901 2381 2216
As % of all contract IT jobs located in the City of London 37.03% 39.25% 37.53%
Number of daily rates quoted 1444 1746 1676
Average daily rate £450 £500 £475
Average daily rate % change year-on-year
-10.00% +5.26%
90% offered a daily rate of more than £290 £288 £300
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £375 £350 £338
% change year-on-year
+7.14% +3.70%
Number of hourly rates quoted 32 46 49
Average hourly rate £17.87 £22.50 £22.00
Average hourly rate % change year-on-year
-20.60% +2.27%
90% offered a hourly rate of more than £12.58 £14.50 £15.90
10% offered a hourly rate of more than £27.37 £42.50 £135.00
UK excluding London average hourly rate £19.00 £17.50 £23.00
% change year-on-year
+8.57% -23.91%

Foreign Exchange (FX)
Jobs Demand Trend in the City of London

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

Foreign Exchange (FX) Jobs Demand Trend in the City of London

Foreign Exchange (FX)
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 Foreign Exchange (FX) across the City of London region.

Foreign Exchange (FX) Daily Rate Trend in the City of London

Foreign Exchange (FX)
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Foreign Exchange (FX) across the City of London region over the 3 months to 27 March 2015.

Foreign Exchange (FX) Daily Rate Histogram in the City of London

Foreign Exchange (FX)
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 Foreign Exchange (FX) across the City of London region.

Foreign Exchange (FX) Hourly Rate Trend in the City of London

Foreign Exchange (FX)
Top 30 Related IT Skills in the City of London

For the 6 months to 27 March 2015, IT contractor jobs across the City of London region citing Foreign Exchange (FX) 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 Foreign Exchange (FX).

1 140 (45.75%) Front Office
2 120 (39.22%) Java
3 101 (33.01%) Banking
4 98 (32.03%) SQL
5 91 (29.74%) Finance
5 91 (29.74%) Low Latency
6 80 (26.14%) Multithreading
7 79 (25.82%) Derivative
8 64 (20.92%) UNIX
9 63 (20.59%) C++
10 61 (19.93%) Investment Banking
11 57 (18.63%) Agile Software Development
11 57 (18.63%) Linux
12 50 (16.34%) C#
13 49 (16.01%) Equities
14 48 (15.69%) Fixed Income
15 42 (13.73%) E-Commerce
16 35 (11.44%) Electronic Trading
17 33 (10.78%) Ultra-Low Latency
18 30 (9.80%) Risk Management
18 30 (9.80%) Windows
19 25 (8.17%) Oracle
20 23 (7.52%) SQL Server
21 22 (7.19%) Algorithmic Trading
22 21 (6.86%) TDD
23 20 (6.54%) .NET
23 20 (6.54%) XML
24 19 (6.21%) Murex
25 18 (5.88%) Business Analysis
26 17 (5.56%) WPF

Foreign Exchange (FX)
Top Related IT Skills in the City of London by Category

For the 6 months to 27 March 2015, IT contractor jobs across the City of London region citing Foreign Exchange (FX) 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 Foreign Exchange (FX). Up to 20 skills are shown per category.

Application Platforms
1 5 (1.63%) WebSphere
1 5 (1.63%) TIBCO EMS
2 4 (1.31%) Oracle Coherence
3 3 (0.98%) Tomcat
4 2 (0.65%) Oracle HTTP Server
4 2 (0.65%) IIS
4 2 (0.65%) Apache
5 1 (0.33%) Apache Solr
5 1 (0.33%) Elasticsearch
5 1 (0.33%) WebSphere Application Server
Applications
1 7 (2.29%) MS Excel
2 4 (1.31%) MS Office
3 1 (0.33%) MS Project
3 1 (0.33%) MS Visio
Business Applications
1 4 (1.31%) ION MarketView
2 3 (0.98%) RMDS
3 2 (0.65%) SunGard Stream Clearvision
4 1 (0.33%) SAP FSCM
4 1 (0.33%) SunGard Stream Ubix
4 1 (0.33%) Dynamics CRM
4 1 (0.33%) thinkFolio
4 1 (0.33%) Temenos T24
4 1 (0.33%) SAP FI-CA
4 1 (0.33%) Murex MxG2000
4 1 (0.33%) SAP FI
4 1 (0.33%) SAP FI/CO
4 1 (0.33%) SAP CO
4 1 (0.33%) LatentZero
4 1 (0.33%) Tesseract
4 1 (0.33%) Minerva
4 1 (0.33%) Sentinel
4 1 (0.33%) HFM
Cloud Services
1 1 (0.33%) Amazon EC2
1 1 (0.33%) Amazon S3
Communications & Networking
1 4 (1.31%) TCP/IP
2 3 (0.98%) LAN
2 3 (0.98%) WAN
2 3 (0.98%) HTTP
2 3 (0.98%) Multicast
3 2 (0.65%) Firewall
4 1 (0.33%) iSCSI
4 1 (0.33%) Cisco ASA
4 1 (0.33%) NAS
4 1 (0.33%) FCoE
4 1 (0.33%) Fibre Channel
4 1 (0.33%) NetScaler
4 1 (0.33%) ATM
4 1 (0.33%) FTP
4 1 (0.33%) VoIP
4 1 (0.33%) DNS
4 1 (0.33%) HTTPS
4 1 (0.33%) SAN
Database & Business Intelligence
1 23 (7.52%) SQL Server
2 10 (3.27%) Hadoop
3 8 (2.61%) Big Data
3 8 (2.61%) Relational Database
4 7 (2.29%) Data Warehouse
5 5 (1.63%) SQL Server Reporting Services
5 5 (1.63%) SQL Server Integration Services
6 3 (0.98%) KDB
6 3 (0.98%) RDBMS
7 2 (0.65%) HBase
7 2 (0.65%) ObjectStore
8 1 (0.33%) MS Access
8 1 (0.33%) Data Mart
8 1 (0.33%) Redis
8 1 (0.33%) Apache Hive
8 1 (0.33%) NoSQL
8 1 (0.33%) Impala
Development Applications
1 15 (4.90%) TeamCity
2 14 (4.58%) Ant
2 14 (4.58%) JUnit
3 13 (4.25%) CruiseControl
4 7 (2.29%) JIRA
5 6 (1.96%) Selenium
5 6 (1.96%) NUnit
6 5 (1.63%) QuickTest Pro
7 4 (1.31%) Maven
8 2 (0.65%) Subversion
8 2 (0.65%) Visual Studio
8 2 (0.65%) Gradle
8 2 (0.65%) Zephyr
9 1 (0.33%) Artifactory
9 1 (0.33%) Jenkins
9 1 (0.33%) Android Studio
9 1 (0.33%) IntelliJ
9 1 (0.33%) ProC
9 1 (0.33%) TestComplete
9 1 (0.33%) Git (software)
General
1 140 (45.75%) Front Office
2 101 (33.01%) Banking
3 91 (29.74%) Finance
4 61 (19.93%) Investment Banking
5 14 (4.58%) Back Office
6 5 (1.63%) Financial Institution
7 4 (1.31%) Retail
7 4 (1.31%) Retail Banking
8 3 (0.98%) Advertising
9 2 (0.65%) Legal
10 1 (0.33%) Private Banking
10 1 (0.33%) Marketing
Job Titles
1 158 (51.63%) Developer
2 79 (25.82%) Analyst
3 78 (25.49%) Java Developer
4 40 (13.07%) Business Analyst
5 31 (10.13%) C++ Developer
6 24 (7.84%) Senior Developer
7 21 (6.86%) C# Developer
8 17 (5.56%) Applications Support
8 17 (5.56%) Architect
9 13 (4.25%) Support Analyst
10 11 (3.59%) Quantitative Developer
10 11 (3.59%) IT Business Analyst
11 9 (2.94%) Test Analyst
11 9 (2.94%) Applications Support Analyst
12 8 (2.61%) Senior Analyst
12 8 (2.61%) Project Manager
12 8 (2.61%) Senior C# Developer
13 6 (1.96%) Quantitative Analyst
13 6 (1.96%) Systems Analyst
13 6 (1.96%) Senior Quantitative Developer
Libraries, Frameworks & Software Standards
1 20 (6.54%) .NET
1 20 (6.54%) XML
2 17 (5.56%) WPF
3 16 (5.23%) Swing
4 13 (4.25%) JDBC
5 11 (3.59%) FIX Protocol
6 9 (2.94%) Reactive Extensions
7 8 (2.61%) Spring
7 8 (2.61%) Rendezvous
8 7 (2.29%) Middleware
8 7 (2.29%) JMS
8 7 (2.29%) XSLT
8 7 (2.29%) HTML
8 7 (2.29%) FpML
8 7 (2.29%) WCF
9 6 (1.96%) Hibernate
10 5 (1.63%) LINQ
10 5 (1.63%) Web Services
11 4 (1.31%) Boost C++ Libraries
12 3 (0.98%) HTML5
Miscellaneous
1 79 (25.82%) Derivative
2 49 (16.01%) Equities
3 48 (15.69%) Fixed Income
4 17 (5.56%) Analytical Skills
5 11 (3.59%) Market Risk
6 10 (3.27%) Equity Derivative
6 10 (3.27%) Mathematics
7 9 (2.94%) Credit Derivative
7 9 (2.94%) VWAP
7 9 (2.94%) TWAP
8 8 (2.61%) Algorithms
9 6 (1.96%) Hedge funds
9 6 (1.96%) Physics
10 5 (1.63%) Interest Rate Derivative
10 5 (1.63%) Credit Risk
11 4 (1.31%) Data Integration
12 3 (0.98%) Reference Data
12 3 (0.98%) Computer Science
12 3 (0.98%) Client/Server
13 2 (0.65%) Visualisation
Operating Systems
1 64 (20.92%) UNIX
2 57 (18.63%) Linux
3 30 (9.80%) Windows
4 2 (0.65%) Red Hat Enterprise Linux
5 1 (0.33%) Solaris
5 1 (0.33%) Windows Server 2003
5 1 (0.33%) Android
Processes & Methodologies
1 91 (29.74%) Low Latency
2 80 (26.14%) Multithreading
3 57 (18.63%) Agile Software Development
4 42 (13.73%) E-Commerce
5 35 (11.44%) Electronic Trading
6 33 (10.78%) Ultra-Low Latency
7 30 (9.80%) Risk Management
8 22 (7.19%) Algorithmic Trading
9 21 (6.86%) TDD
10 18 (5.88%) Business Analysis
11 13 (4.25%) Stakeholder Management
12 12 (3.92%) Scrum
12 12 (3.92%) Performance Tuning
13 11 (3.59%) Migration
13 11 (3.59%) Change Management
13 11 (3.59%) Project Management
14 10 (3.27%) Data Modelling
14 10 (3.27%) OO
15 8 (2.61%) UML
15 8 (2.61%) GAP Analysis
Programming Languages
1 120 (39.22%) Java
2 98 (32.03%) SQL
3 63 (20.59%) C++
4 50 (16.34%) C#
5 14 (4.58%) Python
6 13 (4.25%) VBA
7 12 (3.92%) Perl
8 9 (2.94%) C
9 7 (2.29%) JavaScript
10 6 (1.96%) Shell Script
11 4 (1.31%) VBScript
11 4 (1.31%) PL/SQL
12 3 (0.98%) T-SQL
12 3 (0.98%) Scala
13 2 (0.65%) C-shell
13 2 (0.65%) Bash Shell
13 2 (0.65%) Lua
13 2 (0.65%) AWK
14 1 (0.33%) Korn
14 1 (0.33%) XAML
Qualifications
1 6 (1.96%) Degree
2 2 (0.65%) ISTQB
2 2 (0.65%) ISTQB Foundation Certification
3 1 (0.33%) PRINCE2 Practitioner
3 1 (0.33%) PhD
3 1 (0.33%) ACCA
3 1 (0.33%) CIMA
Quality Assurance & Compliance
1 11 (3.59%) QA
2 3 (0.98%) ISO 9001
2 3 (0.98%) ISO/IEC 27001
3 1 (0.33%) SLA
3 1 (0.33%) Basel III
3 1 (0.33%) Data Quality
3 1 (0.33%) EMIR
3 1 (0.33%) Dodd-Frank
System Software
1 3 (0.98%) Oracle RAC
2 1 (0.33%) VMware Infrastructure
2 1 (0.33%) Hyper-V
2 1 (0.33%) SRDF
2 1 (0.33%) Apache Flume
2 1 (0.33%) KVM
2 1 (0.33%) HDFS
2 1 (0.33%) NFS
2 1 (0.33%) Xen
Systems Management
1 8 (2.61%) HP Quality Center
2 3 (0.98%) ITRS Geneos
3 1 (0.33%) Oozie
3 1 (0.33%) Tivoli
3 1 (0.33%) BMC PATROL
3 1 (0.33%) Control-M
3 1 (0.33%) Nagios
Vendors
1 25 (8.17%) Oracle
2 19 (6.21%) Murex
3 14 (4.58%) TIBCO
4 13 (4.25%) Sybase
5 10 (3.27%) 29West
6 7 (2.29%) Bloomberg
7 6 (1.96%) Microsoft
8 5 (1.63%) ION Trading
9 4 (1.31%) HP
10 3 (0.98%) Business Objects
11 2 (0.65%) SAP
11 2 (0.65%) Sun
11 2 (0.65%) Cisco
11 2 (0.65%) IBM
11 2 (0.65%) EMC
11 2 (0.65%) Calypso
11 2 (0.65%) Reuters
11 2 (0.65%) Red Hat
11 2 (0.65%) DataSynapse
12 1 (0.33%) Fortinet
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