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 28 August 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
28 Aug 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 169 193 170
Rank change year-on-year
+24 -23
Contract jobs citing Interest Rate Derivative 29 9 56
As % of all contract IT jobs located in the City of London 0.54% 0.15% 0.77%
As % of the Miscellaneous category 1.42% 0.43% 2.00%
Number of daily rates quoted 26 8 45
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£625 £550 £575
Average daily rate % change year-on-year
+13.63% -4.34%
90% offered a daily rate of more than £583 £537 £500
10% offered a daily rate of more than £775 £600 £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
2046 2102 2798
As % of all contract IT jobs located in the City of London 38.07% 36.15% 38.63%
Number of daily rates quoted 1613 1478 2063
Average daily rate £475 £475 £500
Average daily rate % change year-on-year
- -5.00%
90% offered a daily rate of more than £298 £300 £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 38 45 64
Average hourly rate £21.00 £19.00 £19.50
Average hourly rate % change year-on-year
+10.52% -2.56%
90% offered a hourly rate of more than £12.85 £12.50 £14.50
10% offered a hourly rate of more than £39.05 £36.50 £48.00
UK excluding London average hourly rate £21.53 £20.00 £17.50
% change year-on-year
+7.62% +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 28 August 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 28 August 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 33 (82.50%) Banking
2 30 (75.00%) Investment Banking
3 28 (70.00%) Front Office
4 26 (65.00%) Java
5 22 (55.00%) Oracle Coherence
5 22 (55.00%) Scala
6 21 (52.50%) JMS
7 20 (50.00%) Multithreading
7 20 (50.00%) Maven
7 20 (50.00%) TeamCity
8 19 (47.50%) Git (software)
8 19 (47.50%) RESTful
8 19 (47.50%) Oracle Database
8 19 (47.50%) Oracle
8 19 (47.50%) Subversion
9 17 (42.50%) Derivative
10 13 (32.50%) Finance
11 11 (27.50%) Fixed Income
12 9 (22.50%) VBA
13 6 (15.00%) SQL Server
13 6 (15.00%) SQL
13 6 (15.00%) Agile Software Development
13 6 (15.00%) Business Analysis
14 5 (12.50%) C#
15 4 (10.00%) C++
15 4 (10.00%) T-SQL
15 4 (10.00%) MS Excel
15 4 (10.00%) MS Access
15 4 (10.00%) SQL Server 2005
15 4 (10.00%) Risk Management

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

For the 6 months to 28 August 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 22 (55.00%) Oracle Coherence
2 2 (5.00%) Jetty
Applications
1 4 (10.00%) MS Excel
Database & Business Intelligence
1 19 (47.50%) Oracle Database
2 6 (15.00%) SQL Server
3 4 (10.00%) MS Access
3 4 (10.00%) SQL Server 2005
3 4 (10.00%) SQL Server 2008
4 2 (5.00%) NoSQL
4 2 (5.00%) BusinessObjects
5 1 (2.50%) SQL Server Reporting Services
5 1 (2.50%) Data Mart
5 1 (2.50%) SQL Server Integration Services
5 1 (2.50%) SQL Server Analysis Services
5 1 (2.50%) Data Warehouse
5 1 (2.50%) OLTP
Development Applications
1 20 (50.00%) Maven
1 20 (50.00%) TeamCity
2 19 (47.50%) Git (software)
2 19 (47.50%) Subversion
3 1 (2.50%) Ant
3 1 (2.50%) Hudson
3 1 (2.50%) Jenkins
General
1 33 (82.50%) Banking
2 30 (75.00%) Investment Banking
3 28 (70.00%) Front Office
4 13 (32.50%) Finance
Job Titles
1 35 (87.50%) Developer
2 26 (65.00%) Java Developer
3 5 (12.50%) Analyst
4 4 (10.00%) Front Office Developer
5 3 (7.50%) Business Analyst
5 3 (7.50%) Quantitative Developer
5 3 (7.50%) C# Developer
5 3 (7.50%) C++ Quantitative Developer
6 2 (5.00%) WPF Developer
6 2 (5.00%) Senior Developer
6 2 (5.00%) Data Analyst
7 1 (2.50%) Junior
7 1 (2.50%) C++ Developer
7 1 (2.50%) Senior SQL Developer
7 1 (2.50%) SQL Developer
7 1 (2.50%) SQL Server Developer
7 1 (2.50%) Senior Java Developer
7 1 (2.50%) IT Business Analyst
7 1 (2.50%) Senior SQL Server Developer
7 1 (2.50%) Junior Data Analyst
Libraries, Frameworks & Software Standards
1 21 (52.50%) JMS
2 19 (47.50%) RESTful
3 4 (10.00%) WPF
4 2 (5.00%) Spring
4 2 (5.00%) Middleware
4 2 (5.00%) .NET
5 1 (2.50%) ASP.NET
5 1 (2.50%) WinForms
Miscellaneous
1 17 (42.50%) Derivative
2 11 (27.50%) Fixed Income
3 3 (7.50%) Foreign Exchange (FX)
3 3 (7.50%) Analytical Skills
4 2 (5.00%) Management Information System
4 2 (5.00%) Credit Derivative
4 2 (5.00%) Reference Data
5 1 (2.50%) Hedge funds
5 1 (2.50%) Market Risk
Operating Systems
1 2 (5.00%) UNIX
1 2 (5.00%) Linux
2 1 (2.50%) Windows
Processes & Methodologies
1 20 (50.00%) Multithreading
2 6 (15.00%) Agile Software Development
2 6 (15.00%) Business Analysis
3 4 (10.00%) Risk Management
3 4 (10.00%) Analytics
4 3 (7.50%) Electronic Trading
4 3 (7.50%) Technical Architecture
5 2 (5.00%) User Acceptance Testing
5 2 (5.00%) Requirements Analysis
5 2 (5.00%) Data Management
5 2 (5.00%) Data Modelling
5 2 (5.00%) Change Management
5 2 (5.00%) GAP Analysis
5 2 (5.00%) MVC
5 2 (5.00%) Data Entry
5 2 (5.00%) Root Cause Analysis
5 2 (5.00%) Risk Analytics
6 1 (2.50%) Business Process Mapping
6 1 (2.50%) SDLC
6 1 (2.50%) MVVM
Programming Languages
1 26 (65.00%) Java
2 22 (55.00%) Scala
3 9 (22.50%) VBA
4 6 (15.00%) SQL
5 5 (12.50%) C#
6 4 (10.00%) C++
6 4 (10.00%) T-SQL
7 1 (2.50%) Python
Qualifications
1 2 (5.00%) Degree
Quality Assurance & Compliance
1 2 (5.00%) Data Quality
2 1 (2.50%) EMIR
2 1 (2.50%) Dodd-Frank
2 1 (2.50%) MiFID
Vendors
1 19 (47.50%) Oracle
2 2 (5.00%) Sybase
2 2 (5.00%) MicroStrategy
2 2 (5.00%) TIBCO
2 2 (5.00%) Solace
3 1 (2.50%) Murex
3 1 (2.50%) Software AG