The table below looks at the statistics for FpML skills 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 FpML over the 3 months to 31 July 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
31 Jul 2015
Same period 2014 Same period 2013
Financial Products Markup Language (FpML)
Rank 203 190 205
Rank change year-on-year
-13 +15
Contract jobs citing FpML 5 9 21
As % of all contract IT jobs located in the City of London 0.085% 0.16% 0.30%
As % of the Libraries, Frameworks & Software Standards category 0.28% 0.52% 0.98%
Number of daily rates quoted 4 8 17
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£588 £550 £525
Average daily rate % change year-on-year
+6.81% +4.76%
90% offered a daily rate of more than £547 £507 £425
10% offered a daily rate of more than £600 £598 £610
UK excluding London average daily rate - £300 £375
% change year-on-year
- -20.00%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
FpML
London

The following table is for comparison with the above and provides statistics for the entire Libraries, Frameworks & Software Standards category in contract jobs advertised in the City of London region.

Libraries, Frameworks & Software Standards Category
City of London
Contract IT job ads with a match in the
Libraries, Frameworks & Software Standards category
1774 1716 2143
As % of all contract IT jobs located in the City of London 30.30% 29.57% 30.23%
Number of daily rates quoted 1443 1288 1635
Average daily rate £450 £438 £420
Average daily rate % change year-on-year
+2.85% +4.16%
90% offered a daily rate of more than £325 £310 £275
10% offered a daily rate of more than £625 £600 £600
UK excluding London average daily rate £350 £340 £325
% change year-on-year
+2.94% +4.61%
Number of hourly rates quoted 9 12 21
Average hourly rate £40.00 £45.00 £42.50
Average hourly rate % change year-on-year
-11.11% +5.88%
90% offered a hourly rate of more than £23.02 £16.00 £28.17
10% offered a hourly rate of more than £187.50 £45.00 £52.50
UK excluding London average hourly rate £40.00 £34.00 £34.00
% change year-on-year
+17.64% -

FpML
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing FpML across the City of London region as a proportion of the total demand within the Libraries, Frameworks & Software Standards category.

FpML Jobs Demand Trend in the City of London

FpML
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 FpML across the City of London region.

FpML Daily Rate Trend in the City of London

FpML
Top 30 Related IT Skills in the City of London

For the 6 months to 31 July 2015, IT contractor jobs across the City of London region citing FpML 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 FpML.

1 11 (73.33%) Finance
2 10 (66.67%) Banking
2 10 (66.67%) XML
3 9 (60.00%) Investment Banking
4 8 (53.33%) SQL
5 7 (46.67%) FIX Protocol
6 6 (40.00%) Business Analysis
7 5 (33.33%) Foreign Exchange (FX)
7 5 (33.33%) Front Office
7 5 (33.33%) Derivative
8 4 (26.67%) Java
8 4 (26.67%) Greeks
9 3 (20.00%) Analytics
9 3 (20.00%) Relational Database
9 3 (20.00%) Data Modelling
9 3 (20.00%) Credit Derivative
10 2 (13.33%) Data Analysis
10 2 (13.33%) Agile Software Development
10 2 (13.33%) Migration
10 2 (13.33%) QA
10 2 (13.33%) Back Office
10 2 (13.33%) HTML
10 2 (13.33%) Linux
10 2 (13.33%) JavaScript
10 2 (13.33%) PL/SQL
10 2 (13.33%) Oracle
10 2 (13.33%) Sybase
10 2 (13.33%) EMIR
10 2 (13.33%) Subversion
10 2 (13.33%) Data Architecture

FpML
Top Related IT Skills in the City of London by Category

For the 6 months to 31 July 2015, IT contractor jobs across the City of London region citing FpML 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 FpML. Up to 20 skills are shown per category.

Application Platforms
1 1 (6.67%) Oracle Workflow
Applications
1 1 (6.67%) Spreadsheet
Database & Business Intelligence
1 3 (20.00%) Relational Database
2 1 (6.67%) SQL Server
2 1 (6.67%) Data Warehouse
2 1 (6.67%) OLTP
Development Applications
1 2 (13.33%) Subversion
2 1 (6.67%) Maven
2 1 (6.67%) TeamCity
2 1 (6.67%) Git (software)
General
1 11 (73.33%) Finance
2 10 (66.67%) Banking
3 9 (60.00%) Investment Banking
4 5 (33.33%) Front Office
5 2 (13.33%) Back Office
6 1 (6.67%) Financial Institution
Job Titles
1 8 (53.33%) Analyst
2 6 (40.00%) Business Analyst
3 5 (33.33%) Developer
4 4 (26.67%) Architect
5 3 (20.00%) Data Architect
6 2 (13.33%) Data Analyst
6 2 (13.33%) Java Developer
6 2 (13.33%) Systems Analyst
6 2 (13.33%) Risk Analyst
6 2 (13.33%) IT Business Analyst
7 1 (6.67%) Investment Banking Business Analyst
7 1 (6.67%) C++ Developer
7 1 (6.67%) Analyst Developer
7 1 (6.67%) Systems Developer
7 1 (6.67%) SQL Developer
Libraries, Frameworks & Software Standards
1 10 (66.67%) XML
2 7 (46.67%) FIX Protocol
3 2 (13.33%) HTML
4 1 (6.67%) CSS
4 1 (6.67%) Web Services
4 1 (6.67%) HTML5
4 1 (6.67%) Ultra Messaging
4 1 (6.67%) XSD
4 1 (6.67%) JMS
4 1 (6.67%) XML Schema
4 1 (6.67%) Middleware
Miscellaneous
1 5 (33.33%) Derivative
1 5 (33.33%) Foreign Exchange (FX)
2 3 (20.00%) Credit Derivative
3 1 (6.67%) Interest Rate Derivative
3 1 (6.67%) DTCC
3 1 (6.67%) Swaptions
3 1 (6.67%) Credit Risk
3 1 (6.67%) Reference Data
3 1 (6.67%) SWIFT
3 1 (6.67%) Enterprise Software
3 1 (6.67%) Analytical Skills
Operating Systems
1 2 (13.33%) Linux
2 1 (6.67%) UNIX
Processes & Methodologies
1 6 (40.00%) Business Analysis
2 4 (26.67%) Greeks
3 3 (20.00%) Analytics
3 3 (20.00%) Data Modelling
4 2 (13.33%) Migration
4 2 (13.33%) Agile Software Development
4 2 (13.33%) Data Analysis
4 2 (13.33%) Data Architecture
4 2 (13.33%) Data Governance
5 1 (6.67%) Logical Data Model
5 1 (6.67%) Product Management
5 1 (6.67%) Waterfall
5 1 (6.67%) Portfolio Management
5 1 (6.67%) Enterprise Architecture
5 1 (6.67%) Fund Management
5 1 (6.67%) User Acceptance Testing
5 1 (6.67%) Unit Testing
5 1 (6.67%) Electronic Trading
5 1 (6.67%) Investment Management
5 1 (6.67%) Time Management
Programming Languages
1 8 (53.33%) SQL
2 4 (26.67%) Java
3 2 (13.33%) JavaScript
3 2 (13.33%) PL/SQL
4 1 (6.67%) C#
4 1 (6.67%) C++
4 1 (6.67%) Bash Shell
Qualifications
1 1 (6.67%) Degree
Quality Assurance & Compliance
1 2 (13.33%) QA
1 2 (13.33%) EMIR
2 1 (6.67%) Dodd-Frank
Vendors
1 2 (13.33%) Oracle
1 2 (13.33%) Sybase
2 1 (6.67%) TIBCO
2 1 (6.67%) Currenex