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 22 August 2014 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
22 Aug 2014
Same period 2013 Same period 2012
Foreign Exchange (FX)
Rank 63 35 33
Rank change year-on-year
-28 -2
Contract jobs citing Foreign Exchange (FX) 177 360 375
As % of all contract IT jobs located in the City of London 3.00% 4.89% 4.80%
As % of the Miscellaneous category 10.09% 15.03% 14.92%
Number of daily rates quoted 143 292 299
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£625 £550 £575
Average daily rate % change year-on-year
+13.63% -4.34%
90% offered a daily rate of more than £475 £425 £425
10% offered a daily rate of more than £745 £675 £678
UK excluding London average daily rate £400 £450 £438
% change year-on-year
-11.11% +2.85%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £17.50
UK excluding London average hourly rate - £49.00 £25.00
% change year-on-year
- +96.00%
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
1754 2396 2514
As % of all contract IT jobs located in the City of London 29.77% 32.56% 32.16%
Number of daily rates quoted 1221 1747 1903
Average daily rate £475 £500 £500
Average daily rate % change year-on-year
-5.00% -
90% offered a daily rate of more than £300 £300 £300
10% offered a daily rate of more than £650 £650 £650
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 42 61 57
Average hourly rate £17.68 £19.50 £19.75
Average hourly rate % change year-on-year
-9.32% -1.26%
90% offered a hourly rate of more than £12.50 £14.50 £12.20
10% offered a hourly rate of more than £33.05 £45.60 £32.58
UK excluding London average hourly rate £19.00 £17.50 £29.00
% change year-on-year
+8.57% -39.65%

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 22 August 2014.

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 22 August 2014, 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).

1 171 (43.62%) Front Office
2 162 (41.33%) Banking
3 151 (38.52%) Java
4 129 (32.91%) Finance
5 110 (28.06%) SQL
6 99 (25.26%) Derivative
7 98 (25.00%) Investment Banking
8 89 (22.70%) Multithreading
9 80 (20.41%) Low Latency
10 76 (19.39%) C++
11 72 (18.37%) Linux
12 69 (17.60%) C#
13 66 (16.84%) Fixed Income
14 59 (15.05%) E-Commerce
15 58 (14.80%) Risk Management
16 56 (14.29%) Oracle
17 51 (13.01%) UNIX
18 41 (10.46%) Algorithmic Trading
18 41 (10.46%) Degree
19 40 (10.20%) Equities
20 38 (9.69%) Python
20 38 (9.69%) Perl
21 36 (9.18%) Windows
21 36 (9.18%) Agile Software Development
22 35 (8.93%) HTML
23 33 (8.42%) JavaScript
24 27 (6.89%) .NET
24 27 (6.89%) Analytics
25 26 (6.63%) 29West
25 26 (6.63%) HTML5

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

For the 6 months to 22 August 2014, 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 14 (3.57%) Oracle Coherence
2 9 (2.30%) WebSphere
3 6 (1.53%) WebLogic
4 5 (1.28%) Confluence
5 4 (1.02%) TIBCO EMS
6 3 (0.77%) Apache
6 3 (0.77%) Tomcat
7 1 (0.26%) Oracle Workflow
7 1 (0.26%) Oracle HTTP Server
7 1 (0.26%) IIS
Applications
1 6 (1.53%) Spreadsheet
2 5 (1.28%) MS Office
3 3 (0.77%) MS Excel
4 1 (0.26%) MS PowerPoint
4 1 (0.26%) OmniGraffle
4 1 (0.26%) Adobe Illustrator
4 1 (0.26%) MS Project
Business Applications
1 11 (2.81%) RMDS
2 5 (1.28%) Markit EDM
3 4 (1.02%) Summit
4 3 (0.77%) Murex MxG2000
5 2 (0.51%) Oracle EBS
5 2 (0.51%) Bloomberg TOMS
5 2 (0.51%) Salerio
6 1 (0.26%) Advent Geneva
Communications & Networking
1 14 (3.57%) TCP/IP
2 11 (2.81%) Multicast
3 7 (1.79%) Firewall
4 5 (1.28%) HTTP
5 4 (1.02%) NetScaler
6 2 (0.51%) DNS
7 1 (0.26%) NAS
7 1 (0.26%) FCoE
7 1 (0.26%) Fibre Channel
7 1 (0.26%) Internet
7 1 (0.26%) SAN
7 1 (0.26%) LAN
7 1 (0.26%) WAN
Database & Business Intelligence
1 22 (5.61%) Relational Database
2 19 (4.85%) SQL Server
3 13 (3.32%) KDB
4 10 (2.55%) Big Data
5 5 (1.28%) MongoDB
6 3 (0.77%) Hadoop
6 3 (0.77%) SQL Server 2008
6 3 (0.77%) RDBMS
7 2 (0.51%) Data Warehouse
7 2 (0.51%) Hazelcast
7 2 (0.51%) Oracle Database
7 2 (0.51%) SQL Server 2012
8 1 (0.26%) SQL Server Reporting Services
8 1 (0.26%) Data Mart
8 1 (0.26%) SQL Server Integration Services
8 1 (0.26%) Spotfire
8 1 (0.26%) Oracle Database 11g
8 1 (0.26%) IBM InfoSphere
8 1 (0.26%) NoSQL
8 1 (0.26%) HBase
Development Applications
1 16 (4.08%) TeamCity
2 12 (3.06%) Maven
3 10 (2.55%) JIRA
4 9 (2.30%) Grunt
4 9 (2.30%) WebDriver
4 9 (2.30%) Selenium
4 9 (2.30%) Bower
5 7 (1.79%) NUnit
6 6 (1.53%) JUnit
6 6 (1.53%) QuickTest Pro
6 6 (1.53%) Git (software)
6 6 (1.53%) FitNesse
7 5 (1.28%) JBehave
7 5 (1.28%) LoadRunner
8 4 (1.02%) Ant
8 4 (1.02%) Cucumber
9 3 (0.77%) Subversion
10 2 (0.51%) MSBuild
10 2 (0.51%) Gradle
10 2 (0.51%) CruiseControl
General
1 171 (43.62%) Front Office
2 162 (41.33%) Banking
3 129 (32.91%) Finance
4 98 (25.00%) Investment Banking
5 22 (5.61%) Back Office
6 10 (2.55%) Financial Institution
7 9 (2.30%) Retail
8 4 (1.02%) Legal
9 3 (0.77%) Marketing
9 3 (0.77%) Advertising
10 2 (0.51%) Games
11 1 (0.26%) Retail Banking
11 1 (0.26%) Corporate Banking
11 1 (0.26%) French Language
11 1 (0.26%) German Language
11 1 (0.26%) Italian Language
11 1 (0.26%) Spanish Language
11 1 (0.26%) Telecoms
Job Titles
1 197 (50.26%) Developer
2 77 (19.64%) Analyst
3 70 (17.86%) Java Developer
4 45 (11.48%) C++ Developer
5 44 (11.22%) Business Analyst
6 27 (6.89%) Senior Developer
7 26 (6.63%) Project Manager
8 22 (5.61%) C# Developer
9 21 (5.36%) Web Developer
10 19 (4.85%) Quantitative Developer
11 16 (4.08%) C++ Quantitative Developer
12 12 (3.06%) Support Analyst
13 11 (2.81%) Front-End Developer
14 10 (2.55%) Development Manager
14 10 (2.55%) Front-End Web Developer
15 8 (2.04%) Test Manager
15 8 (2.04%) Test Analyst
15 8 (2.04%) Applications Support
15 8 (2.04%) Senior Java Developer
16 7 (1.79%) Senior Analyst
Libraries, Frameworks & Software Standards
1 35 (8.93%) HTML
2 27 (6.89%) .NET
3 26 (6.63%) HTML5
4 24 (6.12%) CSS
5 22 (5.61%) FIX Protocol
6 16 (4.08%) WPF
7 14 (3.57%) XML
8 13 (3.32%) JMS
9 12 (3.06%) STL
9 12 (3.06%) WCF
9 12 (3.06%) Boost C++ Libraries
10 11 (2.81%) Spring
10 11 (2.81%) Middleware
11 10 (2.55%) Rendezvous
11 10 (2.55%) LINQ
11 10 (2.55%) AngularJS
11 10 (2.55%) LESS
11 10 (2.55%) Twitter Bootstrap
12 9 (2.30%) Apache Flex
13 8 (2.04%) KnockoutJS
Miscellaneous
1 99 (25.26%) Derivative
2 66 (16.84%) Fixed Income
3 40 (10.20%) Equities
4 24 (6.12%) Computer Science
5 18 (4.59%) VWAP
5 18 (4.59%) TWAP
6 13 (3.32%) Credit Risk
7 11 (2.81%) Mathematics
8 9 (2.30%) Equity Derivative
9 8 (2.04%) Field-Programmable Gate Array
9 8 (2.04%) Market Risk
10 7 (1.79%) Grid Computing
11 6 (1.53%) Interest Rate Derivative
12 5 (1.28%) Reference Data
13 4 (1.02%) Physics
14 3 (0.77%) RIA
14 3 (0.77%) Visualisation
14 3 (0.77%) Hedge funds
14 3 (0.77%) Open Source
14 3 (0.77%) N-Tier
Operating Systems
1 72 (18.37%) Linux
2 51 (13.01%) UNIX
3 36 (9.18%) Windows
4 10 (2.55%) Solaris
5 4 (1.02%) Red Hat Enterprise Linux
6 1 (0.26%) Windows Server 2008
6 1 (0.26%) Windows Server 2003
6 1 (0.26%) Windows 2000
6 1 (0.26%) Windows XP
Processes & Methodologies
1 89 (22.70%) Multithreading
2 80 (20.41%) Low Latency
3 59 (15.05%) E-Commerce
4 58 (14.80%) Risk Management
5 41 (10.46%) Algorithmic Trading
6 36 (9.18%) Agile Software Development
7 27 (6.89%) Analytics
8 26 (6.63%) Software Engineering
9 22 (5.61%) Performance Tuning
10 21 (5.36%) Electronic Trading
10 21 (5.36%) Business Analysis
11 20 (5.10%) Validation
11 20 (5.10%) OO
12 17 (4.34%) Project Management
13 16 (4.08%) TDD
14 13 (3.32%) Scrum
15 12 (3.06%) User Acceptance Testing
15 12 (3.06%) BDD
16 11 (2.81%) Stakeholder Management
17 10 (2.55%) Kanban
Programming Languages
1 151 (38.52%) Java
2 110 (28.06%) SQL
3 76 (19.39%) C++
4 69 (17.60%) C#
5 38 (9.69%) Python
5 38 (9.69%) Perl
6 33 (8.42%) JavaScript
7 14 (3.57%) Shell Script
8 5 (1.28%) C
9 4 (1.02%) PL/SQL
9 4 (1.02%) VBA
10 3 (0.77%) C-shell
10 3 (0.77%) Bash Shell
10 3 (0.77%) AWK
11 2 (0.51%) VB.NET
11 2 (0.51%) Scala
11 2 (0.51%) Korn
12 1 (0.26%) XPath
12 1 (0.26%) Haskell
12 1 (0.26%) TypeScript
Qualifications
1 41 (10.46%) Degree
2 7 (1.79%) PhD
3 3 (0.77%) ISTQB
4 2 (0.51%) PMP
4 2 (0.51%) PMI Certification
4 2 (0.51%) ISEB
5 1 (0.26%) CIMA
5 1 (0.26%) MBA
5 1 (0.26%) PRINCE2 Certification
5 1 (0.26%) ACCA
5 1 (0.26%) HNC
5 1 (0.26%) HND
Quality Assurance & Compliance
1 16 (4.08%) EMIR
2 14 (3.57%) QA
3 13 (3.32%) Dodd-Frank
4 4 (1.02%) MiFID
5 3 (0.77%) Basel III
6 2 (0.51%) Basel II
6 2 (0.51%) Data Quality
6 2 (0.51%) COREP
7 1 (0.26%) FINREP
7 1 (0.26%) CRD IV
7 1 (0.26%) FATCA
7 1 (0.26%) Sarbanes-Oxley
7 1 (0.26%) SLA
7 1 (0.26%) ISO 9001
System Software
1 5 (1.28%) Oracle RAC
2 1 (0.26%) SRDF
2 1 (0.26%) NFS
Systems Management
1 6 (1.53%) ITRS Geneos
2 5 (1.28%) Nagios
3 4 (1.02%) Tivoli
3 4 (1.02%) BMC PATROL
3 4 (1.02%) Control-M
4 2 (0.51%) HP Quality Center
5 1 (0.26%) ServiceCenter
5 1 (0.26%) Puppet
5 1 (0.26%) Opscode Chef
Vendors
1 56 (14.29%) Oracle
2 26 (6.63%) 29West
3 22 (5.61%) TIBCO
4 20 (5.10%) Sybase
5 15 (3.83%) Murex
6 12 (3.06%) Adobe
7 8 (2.04%) Bloomberg
8 5 (1.28%) Reuters
8 5 (1.28%) Microsoft
9 4 (1.02%) Calypso
9 4 (1.02%) Remedy
9 4 (1.02%) Red Hat
9 4 (1.02%) DataSynapse
10 3 (0.77%) Fiserv
10 3 (0.77%) Charles River
11 2 (0.51%) JBoss
11 2 (0.51%) Business Objects
11 2 (0.51%) SAP
11 2 (0.51%) IBM
11 2 (0.51%) Cognizant
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