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 1 September 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
1 Sep 2014
Same period 2013 Same period 2012
Foreign Exchange (FX)
Rank 61 38 33
Rank change year-on-year
-23 -5
Contract jobs citing Foreign Exchange (FX) 182 345 371
As % of all contract IT jobs located in the City of London 3.08% 4.70% 4.74%
As % of the Miscellaneous category 10.48% 14.58% 14.65%
Number of daily rates quoted 147 283 290
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 £735 £675 £688
UK excluding London average daily rate £400 £450 £475
% change year-on-year
-11.11% -5.26%
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
1736 2367 2533
As % of all contract IT jobs located in the City of London 29.35% 32.24% 32.38%
Number of daily rates quoted 1214 1730 1909
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 £638 £650
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 43 61 58
Average hourly rate £18.18 £19.50 £20.00
Average hourly rate % change year-on-year
-6.75% -2.50%
90% offered a hourly rate of more than £12.56 £14.85 £12.50
10% offered a hourly rate of more than £36.50 £44.15 £32.50
UK excluding London average hourly rate £19.96 £17.50 £29.00
% change year-on-year
+14.02% -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 1 September 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 1 September 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 (43.51%) Front Office
2 168 (42.75%) Banking
3 155 (39.44%) Java
4 131 (33.33%) Finance
5 113 (28.75%) SQL
6 101 (25.70%) Investment Banking
7 93 (23.66%) Derivative
8 91 (23.16%) Multithreading
9 81 (20.61%) Low Latency
10 76 (19.34%) C++
11 72 (18.32%) Linux
12 69 (17.56%) C#
13 66 (16.79%) Fixed Income
14 60 (15.27%) E-Commerce
15 58 (14.76%) Oracle
16 56 (14.25%) Risk Management
17 53 (13.49%) UNIX
18 44 (11.20%) Algorithmic Trading
19 41 (10.43%) Python
19 41 (10.43%) Degree
20 39 (9.92%) Equities
21 37 (9.41%) Windows
21 37 (9.41%) Perl
22 36 (9.16%) Agile Software Development
23 33 (8.40%) HTML
24 32 (8.14%) JavaScript
25 27 (6.87%) .NET
26 26 (6.62%) Software Engineering
26 26 (6.62%) 29West
26 26 (6.62%) HTML5

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

For the 6 months to 1 September 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 (3.56%) Oracle Coherence
2 9 (2.29%) WebSphere
3 6 (1.53%) WebLogic
4 5 (1.27%) Confluence
5 4 (1.02%) TIBCO EMS
6 3 (0.76%) Apache
6 3 (0.76%) Tomcat
7 2 (0.51%) Oracle Workflow
8 1 (0.25%) Oracle HTTP Server
8 1 (0.25%) IIS
Applications
1 6 (1.53%) Spreadsheet
2 5 (1.27%) MS Office
3 3 (0.76%) MS Excel
4 1 (0.25%) Adobe Illustrator
4 1 (0.25%) MS PowerPoint
4 1 (0.25%) OmniGraffle
4 1 (0.25%) MS Project
Business Applications
1 12 (3.05%) RMDS
2 5 (1.27%) Markit EDM
3 3 (0.76%) Oracle EBS
3 3 (0.76%) Summit
4 2 (0.51%) Salerio
4 2 (0.51%) Bloomberg TOMS
4 2 (0.51%) Murex MxG2000
Communications & Networking
1 14 (3.56%) TCP/IP
2 12 (3.05%) Multicast
3 7 (1.78%) Firewall
4 5 (1.27%) HTTP
5 4 (1.02%) NetScaler
6 2 (0.51%) DNS
7 1 (0.25%) SAN
7 1 (0.25%) Internet
7 1 (0.25%) NAS
7 1 (0.25%) FCoE
7 1 (0.25%) Fibre Channel
7 1 (0.25%) LAN
7 1 (0.25%) WAN
Database & Business Intelligence
1 24 (6.11%) Relational Database
2 18 (4.58%) SQL Server
3 13 (3.31%) KDB
4 11 (2.80%) Big Data
5 5 (1.27%) MongoDB
6 4 (1.02%) Hadoop
7 3 (0.76%) Oracle Database
7 3 (0.76%) SQL Server 2008
7 3 (0.76%) RDBMS
8 2 (0.51%) Data Warehouse
8 2 (0.51%) SQL Server 2012
8 2 (0.51%) Hazelcast
9 1 (0.25%) IBM InfoSphere
9 1 (0.25%) NoSQL
9 1 (0.25%) HBase
9 1 (0.25%) Data Mining
9 1 (0.25%) ObjectStore
9 1 (0.25%) DB2
9 1 (0.25%) OLAP
9 1 (0.25%) Crystal Reports
Development Applications
1 18 (4.58%) TeamCity
2 11 (2.80%) Maven
3 9 (2.29%) JIRA
3 9 (2.29%) Selenium
3 9 (2.29%) WebDriver
3 9 (2.29%) Grunt
3 9 (2.29%) Bower
4 7 (1.78%) JUnit
5 6 (1.53%) QuickTest Pro
5 6 (1.53%) FitNesse
5 6 (1.53%) Git (software)
5 6 (1.53%) NUnit
6 5 (1.27%) LoadRunner
6 5 (1.27%) JBehave
7 4 (1.02%) Ant
7 4 (1.02%) Cucumber
8 3 (0.76%) CruiseControl
8 3 (0.76%) Subversion
9 2 (0.51%) Gradle
10 1 (0.25%) Jenkins
General
1 171 (43.51%) Front Office
2 168 (42.75%) Banking
3 131 (33.33%) Finance
4 101 (25.70%) Investment Banking
5 21 (5.34%) Back Office
6 10 (2.54%) Financial Institution
7 9 (2.29%) Retail
8 4 (1.02%) Legal
9 3 (0.76%) Advertising
9 3 (0.76%) Marketing
10 2 (0.51%) Games
11 1 (0.25%) Telecoms
11 1 (0.25%) French Language
11 1 (0.25%) German Language
11 1 (0.25%) Italian Language
11 1 (0.25%) Retail Banking
11 1 (0.25%) Corporate Banking
Job Titles
1 198 (50.38%) Developer
2 75 (19.08%) Analyst
3 71 (18.07%) Java Developer
4 43 (10.94%) C++ Developer
5 41 (10.43%) Business Analyst
6 28 (7.12%) Senior Developer
7 26 (6.62%) Project Manager
8 22 (5.60%) C# Developer
9 20 (5.09%) Quantitative Developer
9 20 (5.09%) Web Developer
10 16 (4.07%) C++ Quantitative Developer
11 13 (3.31%) Support Analyst
12 11 (2.80%) Front-End Developer
13 10 (2.54%) Front-End Web Developer
13 10 (2.54%) Development Manager
13 10 (2.54%) Applications Support
14 9 (2.29%) Senior Java Developer
15 8 (2.04%) Python Developer
15 8 (2.04%) Test Manager
15 8 (2.04%) Test Analyst
Libraries, Frameworks & Software Standards
1 33 (8.40%) HTML
2 27 (6.87%) .NET
3 26 (6.62%) HTML5
4 23 (5.85%) FIX Protocol
5 22 (5.60%) CSS
6 15 (3.82%) WPF
7 13 (3.31%) XML
8 12 (3.05%) JMS
8 12 (3.05%) WCF
9 11 (2.80%) Boost C++ Libraries
9 11 (2.80%) STL
10 10 (2.54%) Rendezvous
10 10 (2.54%) Middleware
10 10 (2.54%) Spring
10 10 (2.54%) Twitter Bootstrap
10 10 (2.54%) LESS
10 10 (2.54%) AngularJS
10 10 (2.54%) LINQ
11 9 (2.29%) Apache Flex
12 8 (2.04%) JMX
Miscellaneous
1 93 (23.66%) Derivative
2 66 (16.79%) Fixed Income
3 39 (9.92%) Equities
4 24 (6.11%) Computer Science
5 21 (5.34%) VWAP
5 21 (5.34%) TWAP
6 12 (3.05%) Credit Risk
6 12 (3.05%) Mathematics
7 9 (2.29%) Market Risk
8 8 (2.04%) Field-Programmable Gate Array
9 7 (1.78%) Grid Computing
9 7 (1.78%) Equity Derivative
10 6 (1.53%) Interest Rate Derivative
11 5 (1.27%) Reference Data
11 5 (1.27%) Hedge funds
12 4 (1.02%) Physics
13 3 (0.76%) N-Tier
13 3 (0.76%) Visualisation
13 3 (0.76%) Open Source
13 3 (0.76%) RIA
Operating Systems
1 72 (18.32%) Linux
2 53 (13.49%) UNIX
3 37 (9.41%) Windows
4 10 (2.54%) Solaris
5 4 (1.02%) Red Hat Enterprise Linux
6 1 (0.25%) Windows 2000
6 1 (0.25%) Windows XP
6 1 (0.25%) Windows Server 2003
6 1 (0.25%) Windows Server 2008
Processes & Methodologies
1 91 (23.16%) Multithreading
2 81 (20.61%) Low Latency
3 60 (15.27%) E-Commerce
4 56 (14.25%) Risk Management
5 44 (11.20%) Algorithmic Trading
6 36 (9.16%) Agile Software Development
7 26 (6.62%) Software Engineering
8 25 (6.36%) Performance Tuning
8 25 (6.36%) Analytics
9 22 (5.60%) Business Analysis
10 21 (5.34%) Electronic Trading
11 20 (5.09%) Validation
12 18 (4.58%) OO
13 17 (4.33%) Project Management
14 16 (4.07%) TDD
15 13 (3.31%) Scrum
16 12 (3.05%) User Acceptance Testing
16 12 (3.05%) BDD
17 11 (2.80%) Stakeholder Management
18 10 (2.54%) Kanban
Programming Languages
1 155 (39.44%) Java
2 113 (28.75%) SQL
3 76 (19.34%) C++
4 69 (17.56%) C#
5 41 (10.43%) Python
6 37 (9.41%) Perl
7 32 (8.14%) JavaScript
8 13 (3.31%) Shell Script
9 5 (1.27%) C
10 4 (1.02%) PL/SQL
10 4 (1.02%) VBA
10 4 (1.02%) Bash Shell
11 3 (0.76%) C-shell
11 3 (0.76%) AWK
11 3 (0.76%) Korn
12 2 (0.51%) VB.NET
12 2 (0.51%) Scala
13 1 (0.25%) R
13 1 (0.25%) TypeScript
13 1 (0.25%) XPath
Qualifications
1 41 (10.43%) Degree
2 7 (1.78%) PhD
3 3 (0.76%) ISTQB
4 2 (0.51%) ISEB
5 1 (0.25%) PRINCE2 Certification
5 1 (0.25%) PMP
5 1 (0.25%) PMI Certification
5 1 (0.25%) ACCA
5 1 (0.25%) CIMA
5 1 (0.25%) MBA
5 1 (0.25%) HNC
5 1 (0.25%) HND
Quality Assurance & Compliance
1 15 (3.82%) QA
1 15 (3.82%) EMIR
2 12 (3.05%) Dodd-Frank
3 4 (1.02%) MiFID
4 3 (0.76%) Basel III
5 2 (0.51%) Data Quality
5 2 (0.51%) Basel II
5 2 (0.51%) COREP
6 1 (0.25%) FINREP
6 1 (0.25%) CRD IV
6 1 (0.25%) ISO 9001
6 1 (0.25%) SLA
6 1 (0.25%) Sarbanes-Oxley
6 1 (0.25%) FATCA
System Software
1 5 (1.27%) Oracle RAC
2 1 (0.25%) SRDF
2 1 (0.25%) NFS
Systems Management
1 7 (1.78%) ITRS Geneos
2 5 (1.27%) 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 (0.25%) Puppet
5 1 (0.25%) Opscode Chef
5 1 (0.25%) ServiceCenter
Vendors
1 58 (14.76%) Oracle
2 26 (6.62%) 29West
3 21 (5.34%) TIBCO
4 20 (5.09%) Sybase
5 14 (3.56%) Murex
6 12 (3.05%) Adobe
7 8 (2.04%) Bloomberg
8 5 (1.27%) Reuters
8 5 (1.27%) Microsoft
9 4 (1.02%) Red Hat
9 4 (1.02%) Remedy
9 4 (1.02%) DataSynapse
10 3 (0.76%) Charles River
10 3 (0.76%) Fiserv
10 3 (0.76%) Calypso
11 2 (0.51%) Business Objects
11 2 (0.51%) SAP
11 2 (0.51%) JBoss
11 2 (0.51%) IBM
11 2 (0.51%) Cognizant
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