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 24 October 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
24 Oct 2014
Same period 2013 Same period 2012
Interest Rate Derivatives
Rank 198 191 177
Rank change year-on-year
-7 -14
Contract jobs citing Interest Rate Derivative 9 31 42
As % of all contract IT jobs located in the City of London 0.15% 0.43% 0.60%
As % of the Miscellaneous category 0.43% 1.12% 1.57%
Number of daily rates quoted 9 25 30
Average daily rate
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of your Daily Rate
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£600 £575 £625
Average daily rate % change year-on-year
+4.34% -8.00%
90% offered a daily rate of more than £541 £535 £548
10% offered a daily rate of more than £675 £625 £689
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
2072 2762 2679
As % of all contract IT jobs located in the City of London 34.63% 37.99% 37.99%
Number of daily rates quoted 1565 2082 1977
Average daily rate £466 £475 £498
Average daily rate % change year-on-year
-2.00% -4.52%
90% offered a daily rate of more than £285 £300 £275
10% offered a daily rate of more than £650 £625 £650
UK excluding London average daily rate £351 £350 £350
% change year-on-year
+0.30% -
Number of hourly rates quoted 35 52 66
Average hourly rate £16.00 £19.50 £22.50
Average hourly rate % change year-on-year
-17.94% -13.33%
90% offered a hourly rate of more than £10.50 £13.50 £12.90
10% offered a hourly rate of more than £22.00 £32.75 £41.20
UK excluding London average hourly rate £17.50 £18.00 £21.00
% change year-on-year
-2.77% -14.28%

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
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Interest Rate Derivative across the City of London region over the 3 months to 24 October 2014.

Interest Rate Derivative Daily Rate Histogram 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 24 October 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 (100.00%) Derivative
2 7 (41.18%) Banking
3 6 (35.29%) Front Office
3 6 (35.29%) SQL
4 5 (29.41%) C++
4 5 (29.41%) Java
4 5 (29.41%) Finance
4 5 (29.41%) Fixed Income
4 5 (29.41%) Foreign Exchange (FX)
4 5 (29.41%) Investment Banking
5 4 (23.53%) C#
5 4 (23.53%) Risk Management
6 3 (17.65%) Grid Computing
6 3 (17.65%) Python
6 3 (17.65%) FpML
6 3 (17.65%) XML
6 3 (17.65%) Data Analysis
6 3 (17.65%) DataSynapse
6 3 (17.65%) DTCC
6 3 (17.65%) Agile Software Development
6 3 (17.65%) Greeks
6 3 (17.65%) Multithreading
6 3 (17.65%) EMIR
7 2 (11.76%) Hedge funds
7 2 (11.76%) Restlet
7 2 (11.76%) Analytics
7 2 (11.76%) Gradle
7 2 (11.76%) Swaptions
7 2 (11.76%) Risk Analysis
7 2 (11.76%) Boost C++ Libraries

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

For the 6 months to 24 October 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 (5.88%) Oracle Coherence
Database & Business Intelligence
1 1 (5.88%) SQL Server
1 1 (5.88%) Hazelcast
Development Applications
1 2 (11.76%) JUnit
1 2 (11.76%) Maven
1 2 (11.76%) Gradle
General
1 7 (41.18%) Banking
2 6 (35.29%) Front Office
3 5 (29.41%) Finance
3 5 (29.41%) Investment Banking
4 1 (5.88%) Retail
Job Titles
1 11 (64.71%) Developer
2 3 (17.65%) Analyst
2 3 (17.65%) C++ Developer
2 3 (17.65%) Business Analyst
3 2 (11.76%) Python Developer
3 2 (11.76%) C# Developer
3 2 (11.76%) Senior Developer
4 1 (5.88%) Release Manager
4 1 (5.88%) Java Developer
4 1 (5.88%) IT Project Manager
4 1 (5.88%) Quantitative Developer
4 1 (5.88%) Infrastructure Manager
4 1 (5.88%) C++/C# Developer
4 1 (5.88%) RAD Developer
4 1 (5.88%) Test Leader
4 1 (5.88%) Project Manager
Libraries, Frameworks & Software Standards
1 3 (17.65%) XML
1 3 (17.65%) FpML
2 2 (11.76%) Spring
2 2 (11.76%) Boost C++ Libraries
2 2 (11.76%) .NET
2 2 (11.76%) STL
2 2 (11.76%) Restlet
3 1 (5.88%) AngularJS
3 1 (5.88%) HTML
3 1 (5.88%) DOM
3 1 (5.88%) HTML5
Miscellaneous
1 17 (100.00%) Derivative
2 5 (29.41%) Foreign Exchange (FX)
2 5 (29.41%) Fixed Income
3 3 (17.65%) Grid Computing
3 3 (17.65%) DTCC
4 2 (11.76%) Swaptions
4 2 (11.76%) Hedge funds
5 1 (5.88%) Market Risk
5 1 (5.88%) Equity Derivative
5 1 (5.88%) Credit Derivative
Operating Systems
1 1 (5.88%) UNIX
1 1 (5.88%) Windows
1 1 (5.88%) Linux
1 1 (5.88%) Windows Server 2003
1 1 (5.88%) Windows Server 2008
Processes & Methodologies
1 4 (23.53%) Risk Management
2 3 (17.65%) Agile Software Development
2 3 (17.65%) Data Analysis
2 3 (17.65%) Multithreading
2 3 (17.65%) Greeks
3 2 (11.76%) MVC
3 2 (11.76%) Analytics
3 2 (11.76%) Risk Analysis
3 2 (11.76%) TDD
3 2 (11.76%) OO
4 1 (5.88%) RAD
4 1 (5.88%) Project Management
4 1 (5.88%) Workflow
4 1 (5.88%) Release Management
4 1 (5.88%) Capacity Planning
4 1 (5.88%) Monte Carlo Method
Programming Languages
1 6 (35.29%) SQL
2 5 (29.41%) C++
2 5 (29.41%) Java
3 4 (23.53%) C#
4 3 (17.65%) Python
5 1 (5.88%) PowerShell
5 1 (5.88%) Scala
5 1 (5.88%) VBA
5 1 (5.88%) JavaScript
5 1 (5.88%) Perl
Qualifications
1 2 (11.76%) Degree
Quality Assurance & Compliance
1 3 (17.65%) EMIR
Vendors
1 3 (17.65%) DataSynapse
2 2 (11.76%) Oracle
3 1 (5.88%) TIBCO