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 22 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
22 Sep 2014
Same period 2013 Same period 2012
Interest Rate Derivatives
Rank 191 176 167
Rank change year-on-year
-15 -9
Contract jobs citing Interest Rate Derivative 9 49 49
As % of all contract IT jobs located in the City of London 0.15% 0.68% 0.62%
As % of the Miscellaneous category 0.44% 1.81% 1.64%
Number of daily rates quoted 9 38 37
Average daily rate
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£550 £600 £600
Average daily rate % change year-on-year
-8.33% -
90% offered a daily rate of more than £541 £500 £540
10% offered a daily rate of more than £600 £650 £688
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
2027 2700 2982
As % of all contract IT jobs located in the City of London 34.57% 37.55% 37.87%
Number of daily rates quoted 1462 2000 2185
Average daily rate £450 £475 £475
Average daily rate % change year-on-year
-5.26% -
90% offered a daily rate of more than £297 £300 £288
10% offered a daily rate of more than £650 £625 £650
UK excluding London average daily rate £350 £350 £348
% change year-on-year
- +0.71%
Number of hourly rates quoted 49 56 69
Average hourly rate £17.93 £19.50 £20.00
Average hourly rate % change year-on-year
-8.03% -2.50%
90% offered a hourly rate of more than £11.60 £14.50 £11.50
10% offered a hourly rate of more than £35.40 £48.00 £39.15
UK excluding London average hourly rate £18.83 £17.50 £25.73
% change year-on-year
+7.57% -31.98%

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 22 September 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 17 (89.47%) Derivative
2 9 (47.37%) Front Office
3 8 (42.11%) Banking
4 7 (36.84%) Foreign Exchange (FX)
4 7 (36.84%) SQL
5 6 (31.58%) C++
5 6 (31.58%) Finance
6 5 (26.32%) Fixed Income
6 5 (26.32%) Investment Banking
6 5 (26.32%) Java
7 4 (21.05%) C#
7 4 (21.05%) Risk Management
7 4 (21.05%) DataSynapse
7 4 (21.05%) Grid Computing
8 3 (15.79%) DTCC
8 3 (15.79%) Data Analysis
8 3 (15.79%) Python
8 3 (15.79%) FpML
8 3 (15.79%) XML
8 3 (15.79%) Greeks
8 3 (15.79%) Multithreading
8 3 (15.79%) Portfolio Management
8 3 (15.79%) EMIR
9 2 (10.53%) Monte Carlo Method
9 2 (10.53%) Gradle
9 2 (10.53%) Markit EDM
9 2 (10.53%) BI-SAM
9 2 (10.53%) Restlet
9 2 (10.53%) Hedge funds
9 2 (10.53%) Boost C++ Libraries

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

For the 6 months to 22 September 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.

Application Platforms
1 1 (5.26%) Oracle Coherence
Business Applications
1 2 (10.53%) Markit EDM
Database & Business Intelligence
1 2 (10.53%) SQL Server
2 1 (5.26%) SQL Server 2008
2 1 (5.26%) Hazelcast
Development Applications
1 2 (10.53%) JUnit
1 2 (10.53%) Maven
1 2 (10.53%) Gradle
General
1 9 (47.37%) Front Office
2 8 (42.11%) Banking
3 6 (31.58%) Finance
4 5 (26.32%) Investment Banking
5 2 (10.53%) Back Office
6 1 (5.26%) Retail
Job Titles
1 11 (57.89%) Developer
2 3 (15.79%) Analyst
2 3 (15.79%) C++ Developer
2 3 (15.79%) Project Manager
2 3 (15.79%) Business Analyst
3 2 (10.53%) Python Developer
3 2 (10.53%) C# Developer
3 2 (10.53%) IT Project Manager
4 1 (5.26%) Quantitative Developer
4 1 (5.26%) Infrastructure Manager
4 1 (5.26%) Senior Developer
4 1 (5.26%) Release Manager
4 1 (5.26%) Java Developer
4 1 (5.26%) C++/C# Developer
4 1 (5.26%) Test Leader
Libraries, Frameworks & Software Standards
1 3 (15.79%) XML
1 3 (15.79%) FpML
2 2 (10.53%) Spring
2 2 (10.53%) .NET
2 2 (10.53%) STL
2 2 (10.53%) Boost C++ Libraries
2 2 (10.53%) Restlet
3 1 (5.26%) AngularJS
3 1 (5.26%) HTML5
3 1 (5.26%) ADO.NET Entity Framework
3 1 (5.26%) HTML
3 1 (5.26%) DOM
3 1 (5.26%) .NET Framework
3 1 (5.26%) jQuery
Miscellaneous
1 17 (89.47%) Derivative
2 7 (36.84%) Foreign Exchange (FX)
3 5 (26.32%) Fixed Income
4 4 (21.05%) Grid Computing
5 3 (15.79%) DTCC
6 2 (10.53%) Swaptions
6 2 (10.53%) Hedge funds
6 2 (10.53%) Equity Derivative
6 2 (10.53%) Credit Derivative
7 1 (5.26%) Hybrid Derivative
7 1 (5.26%) Equities
7 1 (5.26%) Client/Server
7 1 (5.26%) Credit Risk
7 1 (5.26%) Market Risk
7 1 (5.26%) Mathematics
7 1 (5.26%) Applied Mathematics
Operating Systems
1 1 (5.26%) UNIX
1 1 (5.26%) Windows
1 1 (5.26%) Linux
1 1 (5.26%) Windows Server 2003
1 1 (5.26%) Windows Server 2008
Processes & Methodologies
1 4 (21.05%) Risk Management
2 3 (15.79%) Data Analysis
2 3 (15.79%) Multithreading
2 3 (15.79%) Greeks
2 3 (15.79%) Portfolio Management
3 2 (10.53%) MVC
3 2 (10.53%) Monte Carlo Method
3 2 (10.53%) Risk Analysis
3 2 (10.53%) Enterprise Data Management
3 2 (10.53%) Fund Management
3 2 (10.53%) Agile Software Development
3 2 (10.53%) TDD
3 2 (10.53%) Asset Management
3 2 (10.53%) Data Management
4 1 (5.26%) Workflow
4 1 (5.26%) Migration
4 1 (5.26%) OO
4 1 (5.26%) Project Management
4 1 (5.26%) Quantitative Analysis
4 1 (5.26%) Release Management
Programming Languages
1 7 (36.84%) SQL
2 6 (31.58%) C++
3 5 (26.32%) Java
4 4 (21.05%) C#
5 3 (15.79%) Python
6 1 (5.26%) MATLAB
6 1 (5.26%) PowerShell
6 1 (5.26%) Scala
6 1 (5.26%) C
6 1 (5.26%) VBA
6 1 (5.26%) JavaScript
6 1 (5.26%) Perl
Qualifications
1 2 (10.53%) Degree
Quality Assurance & Compliance
1 3 (15.79%) EMIR
2 1 (5.26%) Basel III
Vendors
1 4 (21.05%) DataSynapse
2 2 (10.53%) BI-SAM
2 2 (10.53%) Oracle
2 2 (10.53%) Bloomberg
2 2 (10.53%) Linedata
3 1 (5.26%) TIBCO