Interest Rate Derivative Contracts in the City of London
 
Demand Trend Daily Rate Trend Daily Rate Histogram Hourly Rate Trend Related Skills

The first 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 21 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our Miscellaneous category for the City of London region.

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
21 May 2013		 Same period 2012 Same period 2011
Interest Rate Derivatives
Rank 177 176 100
Rank change year-on-year
-1 -76
Contract jobs citing Interest Rate Derivative 26 41 161
As % of all contract IT jobs located in the City of London 0.405% 0.521% 1.663%
As % of the Miscellaneous category 1.284% 1.576% 4.125%
Number of daily rates quoted 24 36 148
Average daily rate £555 £575 £575
Average daily rate % change year-on-year
-3.47% -0.04%
90% offered a daily rate of more than £475 £413 £475
10% offered a daily rate of more than £650 £631 £658
UK excluding London average daily rate - - £400
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All of the Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category		 2025 2601 3903
As % of all contract IT jobs located in the City of London 31.51% 33.08% 40.32%
Number of daily rates quoted 1504 2000 3020
Average daily rate £500 £500 £550
Average daily rate % change year-on-year
- -9.09%
90% offered a daily rate of more than £313 £300 £350
10% offered a daily rate of more than £625 £650 £675
UK excluding London average daily rate £350 £345 £340
% change year-on-year
+1.44% +1.47%
Number of hourly rates quoted 51 68 51
Average hourly rate £24.50 £21.50 £21.00
Average hourly rate % change year-on-year
+13.95% +2.38%
90% offered a hourly rate of more than £15.50 £13.44 £14.50
10% offered a hourly rate of more than £135.00 £45.00 £47.73
UK excluding London average hourly rate £22.00 £23.00 £26.50
% change year-on-year
-4.34% -13.20%
Interest Rate Derivative
London

Interest Rate Derivative
Jobs Demand Trend

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.

City of London Interest Rate Derivative Jobs Demand Trend

Interest Rate Derivative
Daily Rate Trend

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.

City of London Interest Rate Derivative Daily Rate Trend

Interest Rate Derivative
Daily Rate Histogram

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 21 May 2013.

City of London Interest Rate Derivative Daily Rate Histogram

Interest Rate Derivative
Hourly Rate Trend

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.

City of London Interest Rate Derivative Hourly Rate Trend

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 21 May 2013, 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 34 (97.14%) Derivative
2 26 (74.29%) Banking
3 19 (54.29%) Investment Banking
4 14 (40.00%) Finance
4 14 (40.00%) Fixed Income
5 13 (37.14%) Multithreading
6 12 (34.29%) SQL
7 11 (31.43%) Oracle
7 11 (31.43%) Front Office
8 9 (25.71%) Java
8 9 (25.71%) Foreign Exchange (FX)
9 7 (20.00%) Grid Computing
9 7 (20.00%) Market Risk
9 7 (20.00%) C
10 6 (17.14%) C#
10 6 (17.14%) .NET
11 5 (14.29%) Credit Derivative
12 4 (11.43%) Business Analysis
12 4 (11.43%) TDD
12 4 (11.43%) C++
13 3 (8.571%) Business Objects
13 3 (8.571%) Configuration Management
13 3 (8.571%) Systems Analysis
13 3 (8.571%) Degree
13 3 (8.571%) QA
13 3 (8.571%) BusinessObjects Web Intelligence
13 3 (8.571%) Risk Analytics
13 3 (8.571%) Analytics
14 2 (5.714%) Test Strategy
14 2 (5.714%) Tradeweb

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 21 May 2013, 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 Development
1 6 (17.14%) .NET
2 1 (2.857%) FpML
Applications
1 1 (2.857%) MS Project
Business Applications
1 1 (2.857%) Summit
Communications & Networking
1 1 (2.857%) NAS
Database & Business Intelligence
1 3 (8.571%) BusinessObjects Web Intelligence
2 2 (5.714%) BusinessObjects XI
Development Applications
1 1 (2.857%) TeamCity
General
1 26 (74.29%) Banking
2 19 (54.29%) Investment Banking
3 14 (40.00%) Finance
4 11 (31.43%) Front Office
5 2 (5.714%) Back Office
6 1 (2.857%) Legal
Job Titles
1 15 (42.86%) Developer
2 12 (34.29%) Analyst
3 9 (25.71%) Business Analyst
3 9 (25.71%) Java Developer
4 5 (14.29%) C# Developer
5 4 (11.43%) Banking Business Analyst
6 3 (8.571%) Senior Developer
6 3 (8.571%) Senior Java Developer
6 3 (8.571%) Senior C++ Developer
6 3 (8.571%) C++ Developer
6 3 (8.571%) C++/Java Developer
7 1 (2.857%) Project Manager
7 1 (2.857%) Programme Manager
7 1 (2.857%) Software Engineer
7 1 (2.857%) Test Analyst
7 1 (2.857%) Systems Administrator
7 1 (2.857%) Administrator
7 1 (2.857%) Senior Analyst
7 1 (2.857%) Windows Administrator
7 1 (2.857%) Senior Test Analyst
Miscellaneous
1 34 (97.14%) Derivative
2 14 (40.00%) Fixed Income
3 9 (25.71%) Foreign Exchange (FX)
4 7 (20.00%) Grid Computing
4 7 (20.00%) Market Risk
5 5 (14.29%) Credit Derivative
6 2 (5.714%) Credit Risk
6 2 (5.714%) Mathematics
7 1 (2.857%) Physics
7 1 (2.857%) Computer Science
7 1 (2.857%) Equities
Operating Systems
1 2 (5.714%) Windows
Processes & Methodologies
1 13 (37.14%) Multithreading
2 4 (11.43%) Business Analysis
2 4 (11.43%) TDD
3 3 (8.571%) Configuration Management
3 3 (8.571%) Systems Analysis
3 3 (8.571%) Risk Analytics
3 3 (8.571%) Analytics
4 2 (5.714%) Test Strategy
4 2 (5.714%) Data Analysis
4 2 (5.714%) Risk Management
4 2 (5.714%) Project Management
5 1 (2.857%) OOP
5 1 (2.857%) PRINCE2
5 1 (2.857%) User Acceptance Testing
5 1 (2.857%) Integration Testing
5 1 (2.857%) Programme Management
5 1 (2.857%) Change Control
Programming Languages
1 12 (34.29%) SQL
2 9 (25.71%) Java
3 7 (20.00%) C
4 6 (17.14%) C#
5 4 (11.43%) C++
6 2 (5.714%) Python
7 1 (2.857%) VBA
7 1 (2.857%) Perl
7 1 (2.857%) PowerShell
Qualifications
1 3 (8.571%) Degree
Quality Assurance & Compliance
1 3 (8.571%) QA
2 1 (2.857%) Data Quality
2 1 (2.857%) FATCA
Vendors
1 11 (31.43%) Oracle
2 3 (8.571%) Business Objects
3 2 (5.714%) Tradeweb
4 1 (2.857%) Murex
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City of London
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Deerfoot IT Resources Ltd
Rate: £600 - £700 per day
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Contract Boxi Oracle Reporting Specialist - Business Objects
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Contract PMO - Central London - Investment Banking - £450-500pd
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