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 contractor rates offered in IT contracts that have cited Foreign Exchange (FX) over the 3 months to 24 February 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
24 Feb 2017
Same period 2016 Same period 2015
Foreign Exchange (FX)
London / City of London
Rank 61 33 62
Rank change year-on-year
-28 +29
Contract jobs citing Foreign Exchange (FX) 103 160 165
As % of all contract IT jobs located in the City of London 3.48% 5.00% 3.18%
As % of the Miscellaneous category 9.79% 13.10% 8.57%
Number of daily rates quoted 87 129 152
Median daily rate £600 £600 £600
90% offered a daily rate of more than £500 £450 £426
10% offered a daily rate of more than £700 £725 £700
UK excluding London median daily rate £445 £400 £425
% change year-on-year
+11.25% -5.88%
Number of hourly rates quoted 0 2 0
Median hourly rate - £34.75 -
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
1052 1221 1926
As % of all contract IT jobs located in the City of London 35.50% 38.19% 37.14%
Number of daily rates quoted 807 943 1501
Median daily rate £525 £500 £475
Median daily rate % change year-on-year
+5.00% +5.26%
90% offered a daily rate of more than £313 £300 £300
10% offered a daily rate of more than £650 £675 £625
UK excluding London median daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 7 26 33
Median hourly rate £20.38 £17.00 £17.87
Median hourly rate % change year-on-year
+19.85% -4.84%
90% offered a hourly rate of more than £15.92 £12.00 £13.25
10% offered a hourly rate of more than £55.00 £32.24 £24.66
UK excluding London median hourly rate £17.50 £22.52 £18.00
% change year-on-year
-22.29% +25.11%

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

The demand trend of contract jobs across the City of London region citing Foreign Exchange (FX) as a proportion of all IT contracts with a match in 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 24 February 2017.

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 24 February 2017, IT contractor jobs citing Foreign Exchange (FX) 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 Foreign Exchange (FX).

1 115 (49.15%) Finance
2 108 (46.15%) Banking
3 95 (40.60%) Front Office
4 68 (29.06%) Java
5 67 (28.63%) Derivative
6 64 (27.35%) Agile Software Development
7 61 (26.07%) Investment Banking
8 48 (20.51%) Risk Management
8 48 (20.51%) Multithreading
9 46 (19.66%) SQL
10 42 (17.95%) Electronic Trading
11 40 (17.09%) Low Latency
11 40 (17.09%) C++
12 39 (16.67%) Fixed Income
13 38 (16.24%) Equities
14 37 (15.81%) Unix
15 35 (14.96%) Linux
16 31 (13.25%) Business Analysis
17 26 (11.11%) Murex
17 26 (11.11%) Degree
17 26 (11.11%) Analytics
18 25 (10.68%) OO
19 24 (10.26%) Market Risk
20 23 (9.83%) HTML
20 23 (9.83%) Mathematics
21 22 (9.40%) FIX Protocol
21 22 (9.40%) Oracle
21 22 (9.40%) Scrum
22 21 (8.97%) C#
22 21 (8.97%) JavaScript

Foreign Exchange (FX)
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 14 (5.98%) Apache Spark
2 7 (2.99%) Tomcat
3 6 (2.56%) Apache Pig
3 6 (2.56%) Mule
3 6 (2.56%) WebLogic
4 5 (2.14%) IIS
5 3 (1.28%) Elasticsearch
6 2 (0.85%) Confluence
6 2 (0.85%) DataSynapse
6 2 (0.85%) SharePoint
7 1 (0.43%) MQSeries
7 1 (0.43%) Oracle Coherence
7 1 (0.43%) Oracle Workflow
Applications
1 1 (0.43%) MS Project
1 1 (0.43%) MS Visio
1 1 (0.43%) Spreadsheet
Business Applications
1 8 (3.42%) Summit
2 2 (0.85%) Global One
2 2 (0.85%) Minerva
2 2 (0.85%) RMDS
2 2 (0.85%) Sentinel
2 2 (0.85%) Tesseract
3 1 (0.43%) Findur
3 1 (0.43%) ION MarketView
3 1 (0.43%) Orchestrade
Cloud Services
1 1 (0.43%) Amazon AWS
1 1 (0.43%) Cloud Computing
Communications & Networking
1 4 (1.71%) TCP/IP
2 1 (0.43%) DNS
2 1 (0.43%) Firewall
2 1 (0.43%) FTP
2 1 (0.43%) LAN
2 1 (0.43%) Multicast
Database & Business Intelligence
1 20 (8.55%) SQL Server
2 17 (7.26%) Big Data
2 17 (7.26%) Hadoop
3 10 (4.27%) Apache Cassandra
4 8 (3.42%) Data Lake
5 6 (2.56%) KDB
6 5 (2.14%) Data Warehouse
6 5 (2.14%) Relational Database
6 5 (2.14%) SQL Server 2008
6 5 (2.14%) SQL Server 2012
6 5 (2.14%) SQL Server Integration Services
6 5 (2.14%) SQL Server Reporting Services
7 4 (1.71%) HBase
8 2 (0.85%) Kdb+
8 2 (0.85%) NoSQL
8 2 (0.85%) Oracle Database
8 2 (0.85%) Tick Data
9 1 (0.43%) Apache Hive
9 1 (0.43%) Data Mart
9 1 (0.43%) MySQL
Development Applications
1 15 (6.41%) JIRA
2 14 (5.98%) Maven
3 12 (5.13%) Jenkins
4 10 (4.27%) JUnit
5 9 (3.85%) Cucumber
6 8 (3.42%) Mockito
7 7 (2.99%) EasyMock
8 6 (2.56%) Selenium
8 6 (2.56%) Subversion
9 4 (1.71%) Eclipse
10 3 (1.28%) Eclipse RCP
10 3 (1.28%) Git (software)
10 3 (1.28%) JSUnit
10 3 (1.28%) PHPUnit
11 2 (0.85%) TestDirector
11 2 (0.85%) webpack
12 1 (0.43%) Gradle
12 1 (0.43%) IntelliJ
12 1 (0.43%) NUnit
General
1 115 (49.15%) Finance
2 108 (46.15%) Banking
3 95 (40.60%) Front Office
4 61 (26.07%) Investment Banking
5 14 (5.98%) Back Office
6 11 (4.70%) Financial Institution
7 6 (2.56%) Legal
8 1 (0.43%) Advertising
8 1 (0.43%) French Language
8 1 (0.43%) General Ledger
8 1 (0.43%) Marketing
8 1 (0.43%) Retail
8 1 (0.43%) Spanish Language
Job Titles
1 108 (46.15%) Developer
2 65 (27.78%) Analyst
3 56 (23.93%) Business Analyst
4 50 (21.37%) Java Developer
5 29 (12.39%) C++ Developer
6 27 (11.54%) Senior Developer
7 20 (8.55%) Senior Java Developer
8 19 (8.12%) FX Business Analyst
9 15 (6.41%) Low Latency C++ Developer
10 13 (5.56%) Market Risk Developer
10 13 (5.56%) Market Risk Java Developer
11 11 (4.70%) C# Developer
12 10 (4.27%) Architect
12 10 (4.27%) Electronic Trading Developer
12 10 (4.27%) Front Office Developer
13 9 (3.85%) Senior Market Risk Java Developer
14 8 (3.42%) Front Office Business Analyst
14 8 (3.42%) JavaScript Developer
14 8 (3.42%) MiFID Business Analyst
14 8 (3.42%) Risk Business Analyst
Libraries, Frameworks & Software Standards
1 23 (9.83%) HTML
2 22 (9.40%) FIX Protocol
3 21 (8.97%) XML
4 14 (5.98%) .NET
5 12 (5.13%) AngularJS
6 11 (4.70%) HTML5
6 11 (4.70%) JMS
6 11 (4.70%) Middleware
7 10 (4.27%) Boost C++ Libraries
7 10 (4.27%) STL
8 9 (3.85%) CSS
8 9 (3.85%) Spring
9 7 (2.99%) FpML
9 7 (2.99%) SOAP
9 7 (2.99%) Spring Boot
9 7 (2.99%) WPF
9 7 (2.99%) XSD
10 6 (2.56%) Apache Camel
10 6 (2.56%) JPA
10 6 (2.56%) JSON
Miscellaneous
1 67 (28.63%) Derivative
2 39 (16.67%) Fixed Income
3 38 (16.24%) Equities
4 24 (10.26%) Market Risk
5 21 (8.97%) Analytical Skills
6 13 (5.56%) Algorithms
7 11 (4.70%) Credit Derivative
8 8 (3.42%) Data Structures
8 8 (3.42%) Reference Data
9 7 (2.99%) Computer Science
10 6 (2.56%) Credit Risk
10 6 (2.56%) OTC Derivatives
10 6 (2.56%) Taxonomies
11 5 (2.14%) N-Tier
12 4 (1.71%) User Experience
13 3 (1.28%) Mainframe
13 3 (1.28%) Management Information System
13 3 (1.28%) SWIFT
13 3 (1.28%) Virtual Team
14 2 (0.85%) Hedge funds
Operating Systems
1 37 (15.81%) Unix
2 35 (14.96%) Linux
3 8 (3.42%) Windows
4 5 (2.14%) Windows Server
5 2 (0.85%) Solaris
6 1 (0.43%) AIX
6 1 (0.43%) Red Hat Enterprise Linux
6 1 (0.43%) Windows Server 2003
6 1 (0.43%) Windows Server 2008
6 1 (0.43%) Windows Server 2012
Processes & Methodologies
1 64 (27.35%) Agile Software Development
2 48 (20.51%) Multithreading
2 48 (20.51%) Risk Management
3 42 (17.95%) Electronic Trading
4 40 (17.09%) Low Latency
5 31 (13.25%) Business Analysis
6 26 (11.11%) Analytics
7 25 (10.68%) OO
8 23 (9.83%) Mathematics
9 22 (9.40%) Scrum
10 21 (8.97%) TDD
11 20 (8.55%) High Availability
12 18 (7.69%) BDD
12 18 (7.69%) Concurrent Programming
13 16 (6.84%) Asset Management
14 15 (6.41%) Stakeholder Management
15 13 (5.56%) E-Commerce
16 12 (5.13%) Data Modelling
16 12 (5.13%) Migration
16 12 (5.13%) User Acceptance Testing
Programming Languages
1 68 (29.06%) Java
2 46 (19.66%) SQL
3 40 (17.09%) C++
4 21 (8.97%) C#
4 21 (8.97%) JavaScript
5 13 (5.56%) Scala
6 12 (5.13%) Python
7 9 (3.85%) Haskell
7 9 (3.85%) PL/SQL
8 8 (3.42%) Shell Script
9 7 (2.99%) Bash Shell
10 4 (1.71%) C
10 4 (1.71%) Perl
11 2 (0.85%) ES6
12 1 (0.43%) RPG
12 1 (0.43%) RPG IV
12 1 (0.43%) RPG/400
12 1 (0.43%) T-SQL
12 1 (0.43%) VBA
12 1 (0.43%) VBScript
Qualifications
1 26 (11.11%) Degree
2 3 (1.28%) PhD
3 2 (0.85%) CFA
4 1 (0.43%) IIBA
4 1 (0.43%) ISEB
4 1 (0.43%) MBA
4 1 (0.43%) PRINCE2 Certification
Quality Assurance & Compliance
1 21 (8.97%) MiFID
2 6 (2.56%) QA
3 5 (2.14%) SLA
4 4 (1.71%) Dodd-Frank
5 3 (1.28%) SDET
6 2 (0.85%) Basel II
6 2 (0.85%) Basel III
6 2 (0.85%) EMIR
7 1 (0.43%) FATCA
System Software
1 5 (2.14%) HDFS
2 2 (0.85%) VMware Infrastructure
3 1 (0.43%) Active Directory
3 1 (0.43%) Oracle RAC
Systems Management
1 4 (1.71%) HP Quality Center
1 4 (1.71%) Puppet
2 3 (1.28%) Control-M
3 2 (0.85%) ITRS Geneos
Vendors
1 26 (11.11%) Murex
2 22 (9.40%) Oracle
3 8 (3.42%) TIBCO
4 4 (1.71%) ION Trading
4 4 (1.71%) Solace
5 3 (1.28%) Bloomberg
5 3 (1.28%) HP
6 2 (0.85%) Calypso
6 2 (0.85%) CheckPoint
6 2 (0.85%) Cisco
6 2 (0.85%) Cognizant
6 2 (0.85%) Fidessa
6 2 (0.85%) IBM
6 2 (0.85%) Sybase
6 2 (0.85%) VMware
7 1 (0.43%) Cognos
7 1 (0.43%) Dell
7 1 (0.43%) Microsoft
7 1 (0.43%) Red Hat
7 1 (0.43%) Salesforce.com
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Rate: £500 - £650 per day
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