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 7 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
7 Jul 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 182 189 184
Rank change year-on-year
+7 -5
Contract jobs citing Interest Rate Derivative 18 9 38
As % of all contract IT jobs located in the City of London 0.32% 0.16% 0.54%
As % of the Miscellaneous category 0.84% 0.42% 1.42%
Number of daily rates quoted 18 7 34
Average daily rate
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of your Daily Rate
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£638 £600 £538
Average daily rate % change year-on-year
+6.25% +11.62%
90% offered a daily rate of more than £625 £430 £475
10% offered a daily rate of more than £658 £680 £650
UK excluding London average daily rate £600 - -
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
2137 2146 2679
As % of all contract IT jobs located in the City of London 37.60% 37.50% 37.99%
Number of daily rates quoted 1704 1585 2011
Average daily rate £475 £475 £475
90% offered a daily rate of more than £300 £275 £300
10% offered a daily rate of more than £650 £650 £625
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 37 28 63
Average hourly rate £20.00 £20.50 £22.25
Average hourly rate % change year-on-year
-2.43% -7.86%
90% offered a hourly rate of more than £14.50 £12.70 £15.50
10% offered a hourly rate of more than £39.05 £29.75 £53.75
UK excluding London average hourly rate £19.00 £22.50 £20.50
% change year-on-year
-15.55% +9.75%

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 7 July 2015.

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 7 July 2015, 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 24 (82.76%) Banking
2 22 (75.86%) Investment Banking
3 16 (55.17%) Front Office
3 16 (55.17%) Java
4 15 (51.72%) Oracle Coherence
4 15 (51.72%) Scala
5 14 (48.28%) JMS
6 12 (41.38%) Oracle
6 12 (41.38%) Maven
6 12 (41.38%) Multithreading
6 12 (41.38%) Subversion
6 12 (41.38%) Oracle Database
6 12 (41.38%) TeamCity
6 12 (41.38%) Git (software)
6 12 (41.38%) RESTful
7 10 (34.48%) Derivative
7 10 (34.48%) Fixed Income
8 9 (31.03%) SQL
9 8 (27.59%) VBA
9 8 (27.59%) Business Analysis
10 7 (24.14%) SQL Server 2005
10 7 (24.14%) SQL Server 2008
10 7 (24.14%) MS Excel
10 7 (24.14%) T-SQL
10 7 (24.14%) C#
10 7 (24.14%) SQL Server
11 6 (20.69%) Finance
11 6 (20.69%) Agile Software Development
12 5 (17.24%) Technical Architecture
12 5 (17.24%) Degree

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

For the 6 months to 7 July 2015, 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 15 (51.72%) Oracle Coherence
Applications
1 7 (24.14%) MS Excel
Database & Business Intelligence
1 12 (41.38%) Oracle Database
2 7 (24.14%) SQL Server 2008
2 7 (24.14%) SQL Server
2 7 (24.14%) SQL Server 2005
3 5 (17.24%) MS Access
4 1 (3.45%) SQL Server Reporting Services
4 1 (3.45%) SQL Server Integration Services
Development Applications
1 12 (41.38%) Subversion
1 12 (41.38%) Maven
1 12 (41.38%) TeamCity
1 12 (41.38%) Git (software)
General
1 24 (82.76%) Banking
2 22 (75.86%) Investment Banking
3 16 (55.17%) Front Office
4 6 (20.69%) Finance
5 1 (3.45%) Back Office
Job Titles
1 23 (79.31%) Developer
2 16 (55.17%) Java Developer
3 4 (13.79%) C# Developer
3 4 (13.79%) Front Office Developer
4 3 (10.34%) Analyst
4 3 (10.34%) Business Analyst
5 2 (6.90%) WPF Developer
6 1 (3.45%) Tester
6 1 (3.45%) Coordinator
6 1 (3.45%) Project Manager
6 1 (3.45%) Software Tester
6 1 (3.45%) Database Developer
6 1 (3.45%) IT Project Manager
6 1 (3.45%) SQL Developer
6 1 (3.45%) Quantitative Developer
6 1 (3.45%) SQL Database Developer
6 1 (3.45%) IT Business Analyst
6 1 (3.45%) RAD Developer
6 1 (3.45%) C++ Quantitative Developer
Libraries, Frameworks & Software Standards
1 14 (48.28%) JMS
2 12 (41.38%) RESTful
3 4 (13.79%) WPF
3 4 (13.79%) .NET
4 1 (3.45%) XML
4 1 (3.45%) FpML
Miscellaneous
1 10 (34.48%) Fixed Income
1 10 (34.48%) Derivative
2 3 (10.34%) Analytical Skills
3 1 (3.45%) DTCC
3 1 (3.45%) Swaptions
3 1 (3.45%) Hedge funds
Operating Systems
1 1 (3.45%) UNIX
1 1 (3.45%) Linux
Processes & Methodologies
1 12 (41.38%) Multithreading
2 8 (27.59%) Business Analysis
3 6 (20.69%) Agile Software Development
4 5 (17.24%) Technical Architecture
5 3 (10.34%) Data Management
5 3 (10.34%) Time Management
6 2 (6.90%) Demand Management
6 2 (6.90%) Software Testing
7 1 (3.45%) Asset Management
7 1 (3.45%) PRINCE2
7 1 (3.45%) RAD
7 1 (3.45%) Project Management
7 1 (3.45%) GAP Analysis
7 1 (3.45%) Workflow
7 1 (3.45%) Stakeholder Management
7 1 (3.45%) Risk Analytics
7 1 (3.45%) Analytics
7 1 (3.45%) Business Process Mapping
7 1 (3.45%) Electronic Trading
7 1 (3.45%) Investment Management
Programming Languages
1 16 (55.17%) Java
2 15 (51.72%) Scala
3 9 (31.03%) SQL
4 8 (27.59%) VBA
5 7 (24.14%) T-SQL
5 7 (24.14%) C#
6 1 (3.45%) C++
6 1 (3.45%) Python
Qualifications
1 5 (17.24%) Degree
Quality Assurance & Compliance
1 2 (6.90%) EMIR
2 1 (3.45%) Dodd-Frank
2 1 (3.45%) MiFID
Vendors
1 12 (41.38%) Oracle
2 1 (3.45%) Software AG
City, London
McGregor Boyall
Rate: £600 - £650 per day
Posted: 13 hours ago
City, London
Aston Carter
Rate: £500 - £600 per day
Posted: 4 days ago