The table below looks at the prevalence of the term Interest Rate Derivative 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 Interest Rate Derivative over the 3 months to 19 December 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
19 Dec 2014
Same period 2013 Same period 2012
Interest Rate Derivatives
Rank 188 184 189
Rank change year-on-year
-4 +5
Contract jobs citing Interest Rate Derivative 12 24 11
As % of all contract IT jobs located in the City of London 0.21% 0.35% 0.18%
As % of the Miscellaneous category 0.59% 0.93% 0.49%
Number of daily rates quoted 12 23 9
Average daily rate
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of your Daily Rate
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£605 £600 £625
Average daily rate % change year-on-year
+0.83% -4.00%
90% offered a daily rate of more than £600 £555 £525
10% offered a daily rate of more than £673 £775 £660
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Interest Rate Derivative
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
2049 2585 2246
As % of all contract IT jobs located in the City of London 36.32% 38.03% 36.64%
Number of daily rates quoted 1625 1913 1725
Average daily rate £475 £475 £485
Average daily rate % change year-on-year
- -2.06%
90% offered a daily rate of more than £287 £275 £275
10% offered a daily rate of more than £650 £650 £650
UK excluding London average daily rate £370 £350 £340
% change year-on-year
+5.71% +2.94%
Number of hourly rates quoted 25 43 60
Average hourly rate £16.25 £20.00 £21.50
Average hourly rate % change year-on-year
-18.75% -6.97%
90% offered a hourly rate of more than £13.09 £13.84 £12.95
10% offered a hourly rate of more than £22.03 £42.50 £66.10
UK excluding London average hourly rate £17.00 £19.00 £20.00
% change year-on-year
-10.52% -5.00%

Interest Rate Derivative
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Interest Rate Derivative across the City of London region as a proportion of the total demand within the Miscellaneous category.

Interest Rate Derivative Jobs Demand Trend in the City of London

Interest Rate Derivative
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 Interest Rate Derivative across the City of London region.

Interest Rate Derivative Daily Rate Trend in the City of London

Interest Rate Derivative
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 Interest Rate Derivative across the City of London region.

Interest Rate Derivative Hourly Rate Trend in the City of London

Interest Rate Derivative
Top 30 Related IT Skills in the City of London

For the 6 months to 19 December 2014, IT contractor jobs across the City of London region citing Interest Rate Derivative 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 Interest Rate Derivative.

1 21 (100.00%) Derivative
2 10 (47.62%) Banking
3 9 (42.86%) Investment Banking
4 7 (33.33%) SQL
4 7 (33.33%) Foreign Exchange (FX)
5 6 (28.57%) Front Office
5 6 (28.57%) Risk Management
5 6 (28.57%) Finance
5 6 (28.57%) Credit Derivative
6 5 (23.81%) ISEB Practitioner
6 5 (23.81%) JIRA
6 5 (23.81%) Test Management
6 5 (23.81%) Software Testing
6 5 (23.81%) HP Quality Center
6 5 (23.81%) Fixed Income
6 5 (23.81%) C++
6 5 (23.81%) XML
6 5 (23.81%) Murex
6 5 (23.81%) Calypso
6 5 (23.81%) HP
6 5 (23.81%) ISEB
7 4 (19.05%) C#
7 4 (19.05%) Data Analysis
7 4 (19.05%) Analytics
8 3 (14.29%) Equity Derivative
8 3 (14.29%) Agile Software Development
8 3 (14.29%) UML
9 2 (9.52%) STL
9 2 (9.52%) .NET
9 2 (9.52%) Oracle

Interest Rate Derivative
Top Related IT Skills in the City of London by Category

For the 6 months to 19 December 2014, IT contractor jobs across the City of London region citing Interest Rate Derivative 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 Interest Rate Derivative. Up to 20 skills are shown per category.

Database & Business Intelligence
1 1 (4.76%) SQL Server
Development Applications
1 5 (23.81%) JIRA
General
1 10 (47.62%) Banking
2 9 (42.86%) Investment Banking
3 6 (28.57%) Front Office
3 6 (28.57%) Finance
Job Titles
1 7 (33.33%) Developer
2 5 (23.81%) Contracts Manager
2 5 (23.81%) Test Manager
3 4 (19.05%) Analyst
3 4 (19.05%) Business Analyst
4 3 (14.29%) C++ Developer
4 3 (14.29%) Data Architect
4 3 (14.29%) Architect
5 2 (9.52%) C# Developer
5 2 (9.52%) Data Modeller
5 2 (9.52%) IT Business Analyst
5 2 (9.52%) Python Developer
6 1 (4.76%) C++/C# Developer
6 1 (4.76%) RAD Developer
6 1 (4.76%) IT Project Manager
6 1 (4.76%) Quantitative Developer
6 1 (4.76%) Infrastructure Manager
6 1 (4.76%) Release Manager
6 1 (4.76%) Senior Developer
6 1 (4.76%) Project Manager
Libraries, Frameworks & Software Standards
1 5 (23.81%) XML
2 2 (9.52%) STL
2 2 (9.52%) .NET
2 2 (9.52%) FpML
2 2 (9.52%) Boost C++ Libraries
Miscellaneous
1 21 (100.00%) Derivative
2 7 (33.33%) Foreign Exchange (FX)
3 6 (28.57%) Credit Derivative
4 5 (23.81%) Fixed Income
5 3 (14.29%) Equity Derivative
6 2 (9.52%) Grid Computing
6 2 (9.52%) DTCC
6 2 (9.52%) Hedge funds
Operating Systems
1 1 (4.76%) Windows Server 2008
1 1 (4.76%) Windows Server 2003
1 1 (4.76%) Windows
Processes & Methodologies
1 6 (28.57%) Risk Management
2 5 (23.81%) Test Management
2 5 (23.81%) Software Testing
3 4 (19.05%) Data Analysis
3 4 (19.05%) Analytics
4 3 (14.29%) Agile Software Development
4 3 (14.29%) UML
5 2 (9.52%) Data Modelling
5 2 (9.52%) Risk Analysis
5 2 (9.52%) Data Architecture
5 2 (9.52%) Greeks
5 2 (9.52%) Logical Data Model
5 2 (9.52%) Physical Data Model
5 2 (9.52%) Data Governance
6 1 (4.76%) Multithreading
6 1 (4.76%) Release Management
6 1 (4.76%) Capacity Planning
6 1 (4.76%) Project Management
6 1 (4.76%) OO
6 1 (4.76%) RAD
Programming Languages
1 7 (33.33%) SQL
2 5 (23.81%) C++
3 4 (19.05%) C#
4 2 (9.52%) Java
4 2 (9.52%) Python
5 1 (4.76%) PowerShell
5 1 (4.76%) Perl
5 1 (4.76%) VBA
Qualifications
1 5 (23.81%) ISEB Practitioner
1 5 (23.81%) ISEB
2 2 (9.52%) Degree
Quality Assurance & Compliance
1 2 (9.52%) EMIR
Systems Management
1 5 (23.81%) HP Quality Center
Vendors
1 5 (23.81%) Murex
1 5 (23.81%) Calypso
1 5 (23.81%) HP
2 2 (9.52%) Oracle
2 2 (9.52%) DataSynapse
3 1 (4.76%) TIBCO