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 contractor rates offered in IT contracts that have cited Interest Rate Derivative over the 3 months to 17 January 2017 with a comparison to the same period over 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.

3 months to
17 Jan 2017
Same period 2016 Same period 2015
Interest Rate Derivatives
London / City of London
Rank 154 137 179
Rank change year-on-year
-17 +42
Contract jobs citing Interest Rate Derivative 2 13 10
As % of all contract IT jobs located in the City of London 0.069% 0.43% 0.20%
As % of the Miscellaneous category 0.18% 1.07% 0.51%
Number of daily rates quoted 2 12 10
Median daily rate £588 £650 £600
Median daily rate % change year-on-year
-9.61% +8.33%
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
1120 1214 1942
As % of all contract IT jobs located in the City of London 38.51% 40.47% 38.59%
Number of daily rates quoted 837 926 1529
Median daily rate £500 £500 £475
Median daily rate % change year-on-year
- +5.26%
90% offered a daily rate of more than £326 £300 £300
10% offered a daily rate of more than £650 £650 £625
UK excluding London median daily rate £394 £375 £365
% change year-on-year
+4.93% +2.73%
Number of hourly rates quoted 10 20 27
Median hourly rate £21.75 £20.00 £17.50
Median hourly rate % change year-on-year
+8.75% +14.28%
90% offered a hourly rate of more than £16.15 £13.00 £13.38
10% offered a hourly rate of more than £55.00 £35.60 £22.13
UK excluding London median hourly rate £18.71 £21.50 £17.50
% change year-on-year
-12.96% +22.85%

Interest Rate Derivative
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Interest Rate Derivative as a proportion of all IT contracts with a match in 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 17 January 2017, IT contractor jobs citing Interest Rate Derivative also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Interest Rate Derivative.

1 6 (85.71%) Java
1 6 (85.71%) SQL
1 6 (85.71%) Front Office
1 6 (85.71%) Test Automation
2 5 (71.43%) Scala
2 5 (71.43%) Hadoop
2 5 (71.43%) Oracle Coherence
2 5 (71.43%) Git (software)
2 5 (71.43%) MongoDB
2 5 (71.43%) Apache Cassandra
2 5 (71.43%) NoSQL
2 5 (71.43%) MapReduce
2 5 (71.43%) HBase
2 5 (71.43%) Apache ZooKeeper
2 5 (71.43%) Big Data
2 5 (71.43%) Kafka
2 5 (71.43%) Akka
2 5 (71.43%) HDFS
2 5 (71.43%) Apache Spark
2 5 (71.43%) Spark SQL
2 5 (71.43%) BDD
2 5 (71.43%) Scrum
2 5 (71.43%) Agile Software Development
2 5 (71.43%) TDD
2 5 (71.43%) Maven
2 5 (71.43%) Linux
2 5 (71.43%) Apache
2 5 (71.43%) JMS
3 2 (28.57%) Derivative
3 2 (28.57%) Fixed Income

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

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 5 (71.43%) Apache
1 5 (71.43%) Apache Spark
1 5 (71.43%) Oracle Coherence
Database & Business Intelligence
1 5 (71.43%) Apache Cassandra
1 5 (71.43%) Big Data
1 5 (71.43%) Hadoop
1 5 (71.43%) HBase
1 5 (71.43%) MongoDB
1 5 (71.43%) NoSQL
1 5 (71.43%) Spark SQL
Development Applications
1 5 (71.43%) Git (software)
1 5 (71.43%) Maven
General
1 6 (85.71%) Front Office
2 2 (28.57%) Finance
3 1 (14.29%) Back Office
Job Titles
1 6 (85.71%) Developer
2 5 (71.43%) Apache Spark Developer
2 5 (71.43%) Big Data Developer
2 5 (71.43%) Java Developer
2 5 (71.43%) Java Scala Developer
2 5 (71.43%) Scala Developer
2 5 (71.43%) Senior Big Data Developer
2 5 (71.43%) Senior Developer
2 5 (71.43%) Senior Java Developer
2 5 (71.43%) Senior Java Scala Developer
2 5 (71.43%) Senior Scala Developer
3 1 (14.29%) Automation Engineer
3 1 (14.29%) C# Developer
3 1 (14.29%) Excel Developer
3 1 (14.29%) Front Office Developer
3 1 (14.29%) QA Automation Engineer
3 1 (14.29%) QA Engineer
3 1 (14.29%) Quality Engineer
Libraries, Frameworks & Software Standards
1 5 (71.43%) Akka
1 5 (71.43%) JMS
1 5 (71.43%) Kafka
2 2 (28.57%) HTML
2 2 (28.57%) HTML5
3 1 (14.29%) .NET
3 1 (14.29%) FIX Protocol
3 1 (14.29%) WPF
Miscellaneous
1 2 (28.57%) Derivative
1 2 (28.57%) Fixed Income
2 1 (14.29%) Credit Derivative
2 1 (14.29%) Foreign Exchange (FX)
Operating Systems
1 5 (71.43%) Linux
2 1 (14.29%) Unix
Processes & Methodologies
1 6 (85.71%) Test Automation
2 5 (71.43%) Agile Software Development
2 5 (71.43%) BDD
2 5 (71.43%) MapReduce
2 5 (71.43%) Scrum
2 5 (71.43%) TDD
3 1 (14.29%) Analytics
3 1 (14.29%) QA Automation
3 1 (14.29%) Stakeholder Management
Programming Languages
1 6 (85.71%) Java
1 6 (85.71%) SQL
2 5 (71.43%) Scala
3 1 (14.29%) C#
3 1 (14.29%) C++
3 1 (14.29%) JavaScript
3 1 (14.29%) VBScript
Quality Assurance & Compliance
1 1 (14.29%) QA
System Software
1 5 (71.43%) Apache ZooKeeper
1 5 (71.43%) HDFS
Systems Management
1 1 (14.29%) HP Quality Center
Vendors
1 1 (14.29%) HP