The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for FpML skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited FpML over the 3 months to 29 March 2017 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Financial Products Markup Language (FpML)
London / City of London
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 153 149 181
Rank change year-on-year -4 +32  
Contract jobs citing FpML 9 10 10
As % of all contract IT jobs advertised in the City of London 0.29% 0.30% 0.20%
As % of the Libraries, Frameworks & Software Standards category 0.84% 0.91% 0.65%
Number of daily rates quoted 6 5 8
Median daily rate £581 £550 £588
Median daily rate % change year-on-year +5.68% -6.38%  
90% offered a daily rate of more than £461 £535 £350
10% offered a daily rate of more than £725 £655 £675
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

FpML is in the industry standards, technical specifications and software library and framework skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for industry standards, technical specifications and software library and framework skills.

Contract Software Library & Framework Skills
City of London
Contract job vacancies with a requirement for industry standards, technical specifications and software library and framework skills 1077 1104 1539
As % of all contract IT job vacancies advertised in the City of London 35.06% 32.61% 30.09%
Number of daily rates quoted 893 932 1232
Median daily rate £475 £473 £425
Median daily rate % change year-on-year +0.52% +11.17%  
90% offered a daily rate of more than £338 £325 £315
10% offered a daily rate of more than £625 £600 £575
UK excluding London median daily rate £375 £363 £350
% change year-on-year +3.44% +3.57%  
Number of hourly rates quoted 2 5 7
Median hourly rate £35.00 £55.00 £27.37
Median hourly rate % change year-on-year -36.36% +100.94%  
UK excluding London median hourly rate £41.00 £38.00 £36.00
% change year-on-year +7.89% +5.55%  

FpML
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing FpML as a proportion of all contract or permanent IT jobs with a match in the Libraries, Frameworks & Software Standards category.

Job vacancy trend for FpML in the City of London

FpML
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing FpML in the City of London.

Contractor daily rate trend for FpML in the City of London

FpML
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing FpML in the City of London over the 3 months to 29 March 2017.

Contractor daily rate histogram for FpML in the City of London

For the 6 months to 29 March 2017, IT contractor jobs citing FpML 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 FpML.

1 14 (87.50%) XML
2 10 (62.50%) FIX Protocol
3 9 (56.25%) Finance
4 8 (50.00%) Fixed Income
5 7 (43.75%) MiFID
5 7 (43.75%) XSD
5 7 (43.75%) Reference Data
6 6 (37.50%) Business Analysis
7 5 (31.25%) Data Modelling
7 5 (31.25%) Foreign Exchange (FX)
7 5 (31.25%) XSLT
7 5 (31.25%) SQL Server
8 4 (25.00%) SQL
8 4 (25.00%) FIXML
8 4 (25.00%) Taxonomies
8 4 (25.00%) QA
8 4 (25.00%) Banking
8 4 (25.00%) SDLC
9 3 (18.75%) Test Strategy
9 3 (18.75%) Agile Software Development
9 3 (18.75%) Investment Banking
9 3 (18.75%) Derivative
10 2 (12.50%) JIRA
10 2 (12.50%) Multithreading
10 2 (12.50%) Front Office
10 2 (12.50%) Equities
10 2 (12.50%) Fidessa
10 2 (12.50%) Middleware
10 2 (12.50%) Bloomberg
10 2 (12.50%) .NET

FpML
Co-occurring 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 2 (12.50%) Confluence
2 1 (6.25%) WebSphere
2 1 (6.25%) WebSphere Application Server
Business Applications
1 1 (6.25%) RMDS
Database & Business Intelligence
1 5 (31.25%) SQL Server
2 1 (6.25%) Big Data
2 1 (6.25%) Data Mining
2 1 (6.25%) Data Warehouse
2 1 (6.25%) NoSQL
Development Applications
1 2 (12.50%) JIRA
2 1 (6.25%) ERwin
General
1 9 (56.25%) Finance
2 4 (25.00%) Banking
3 3 (18.75%) Investment Banking
4 2 (12.50%) Front Office
Job Titles
1 7 (43.75%) Analyst
1 7 (43.75%) Business Analyst
2 5 (31.25%) Architect
2 5 (31.25%) Data Architect
3 4 (25.00%) Developer
3 4 (25.00%) MiFID Business Analyst
4 3 (18.75%) XML Analyst
5 2 (12.50%) Banking Analyst
5 2 (12.50%) Java Developer
5 2 (12.50%) Technical Analyst
5 2 (12.50%) Technical Business Analyst
6 1 (6.25%) .NET Developer
6 1 (6.25%) Banking Business Analyst
6 1 (6.25%) C# Developer
6 1 (6.25%) C++ Developer
6 1 (6.25%) Front Office Developer
6 1 (6.25%) Investment Banking Business Analyst
6 1 (6.25%) Report Analyst
6 1 (6.25%) Senior Analyst
6 1 (6.25%) Senior Business Analyst
Libraries, Frameworks & Software Standards
1 14 (87.50%) XML
2 10 (62.50%) FIX Protocol
3 7 (43.75%) XSD
4 5 (31.25%) XSLT
5 4 (25.00%) FIXML
6 2 (12.50%) .NET
6 2 (12.50%) Middleware
7 1 (6.25%) Apache Camel
7 1 (6.25%) HTML
7 1 (6.25%) HTML5
7 1 (6.25%) JMS
7 1 (6.25%) Spring
7 1 (6.25%) WebSphere MQ
Miscellaneous
1 8 (50.00%) Fixed Income
2 7 (43.75%) Reference Data
3 5 (31.25%) Foreign Exchange (FX)
4 4 (25.00%) Taxonomies
5 3 (18.75%) Derivative
6 2 (12.50%) Analytical Skills
6 2 (12.50%) Equities
6 2 (12.50%) Fintech
7 1 (6.25%) OTC Derivatives
Operating Systems
1 2 (12.50%) Windows
2 1 (6.25%) Linux
2 1 (6.25%) Unix
Processes & Methodologies
1 6 (37.50%) Business Analysis
2 5 (31.25%) Data Modelling
3 4 (25.00%) SDLC
4 3 (18.75%) Agile Software Development
4 3 (18.75%) Test Strategy
5 2 (12.50%) Analytics
5 2 (12.50%) KYC
5 2 (12.50%) Multithreading
6 1 (6.25%) Asset Management
6 1 (6.25%) Change Control
6 1 (6.25%) Data Architecture
6 1 (6.25%) Data Governance
6 1 (6.25%) Data Lineage
6 1 (6.25%) Defect Tracking
6 1 (6.25%) Electronic Trading
6 1 (6.25%) Kalman Filter
6 1 (6.25%) Low Latency
6 1 (6.25%) Master Data Management
6 1 (6.25%) Metadata Management
6 1 (6.25%) Technical Analysis
Programming Languages
1 4 (25.00%) SQL
2 2 (12.50%) C#
2 2 (12.50%) Java
3 1 (6.25%) C++
3 1 (6.25%) PL/SQL
3 1 (6.25%) VC++
Quality Assurance & Compliance
1 7 (43.75%) MiFID
2 4 (25.00%) QA
3 2 (12.50%) EMIR
4 1 (6.25%) Data Quality
4 1 (6.25%) ISO20022
4 1 (6.25%) Solvency II
Vendors
1 2 (12.50%) Bloomberg
1 2 (12.50%) Fidessa
2 1 (6.25%) IBM