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 January 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 Jan 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 176 176 182
Rank change year-on-year
0 +6
Contract jobs citing Interest Rate Derivative 10 25 12
As % of all contract IT jobs located in the City of London 0.20% 0.42% 0.21%
As % of the Miscellaneous category 0.53% 1.10% 0.57%
Number of daily rates quoted 10 22 11
Average daily rate
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£600 £650 £575
Average daily rate % change year-on-year
-7.69% +13.04%
UK excluding London average daily rate - £450 -
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
1873 2280 2115
As % of all contract IT jobs located in the City of London 37.78% 38.13% 36.78%
Number of daily rates quoted 1461 1661 1646
Average daily rate £475 £500 £475
Average daily rate % change year-on-year
-5.00% +5.26%
90% offered a daily rate of more than £300 £275 £300
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £370 £350 £338
% change year-on-year
+5.57% +3.70%
Number of hourly rates quoted 30 39 50
Average hourly rate £17.50 £20.00 £20.75
Average hourly rate % change year-on-year
-12.50% -3.61%
90% offered a hourly rate of more than £13.25 £16.50 £12.93
10% offered a hourly rate of more than £25.44 £42.50 £90.50
UK excluding London average hourly rate £18.00 £17.50 £20.00
% change year-on-year
+2.85% -12.50%

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
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 January 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 18 (100.00%) Derivative
2 7 (38.89%) Banking
2 7 (38.89%) Foreign Exchange (FX)
3 6 (33.33%) SQL
3 6 (33.33%) Credit Derivative
3 6 (33.33%) Investment Banking
4 5 (27.78%) ISEB Practitioner
4 5 (27.78%) Software Testing
4 5 (27.78%) JIRA
4 5 (27.78%) Test Management
4 5 (27.78%) HP Quality Center
4 5 (27.78%) Murex
4 5 (27.78%) Calypso
4 5 (27.78%) HP
4 5 (27.78%) ISEB
5 4 (22.22%) Front Office
5 4 (22.22%) Risk Management
5 4 (22.22%) Finance
5 4 (22.22%) C#
5 4 (22.22%) XML
5 4 (22.22%) Analytics
6 3 (16.67%) C++
6 3 (16.67%) UML
6 3 (16.67%) Fixed Income
6 3 (16.67%) Data Analysis
6 3 (16.67%) Equity Derivative
7 2 (11.11%) DataSynapse
7 2 (11.11%) Boost C++ Libraries
7 2 (11.11%) Data Governance
7 2 (11.11%) Risk Analysis

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

For the 6 months to 28 January 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.

Database & Business Intelligence
1 1 (5.56%) SQL Server
Development Applications
1 5 (27.78%) JIRA
General
1 7 (38.89%) Banking
2 6 (33.33%) Investment Banking
3 4 (22.22%) Front Office
3 4 (22.22%) Finance
Job Titles
1 5 (27.78%) Contracts Manager
1 5 (27.78%) Test Manager
1 5 (27.78%) Developer
2 3 (16.67%) C++ Developer
2 3 (16.67%) Analyst
2 3 (16.67%) Architect
2 3 (16.67%) Data Architect
2 3 (16.67%) Business Analyst
3 2 (11.11%) IT Business Analyst
3 2 (11.11%) Data Modeller
3 2 (11.11%) C# Developer
4 1 (5.56%) Release Manager
4 1 (5.56%) IT Project Manager
4 1 (5.56%) Quantitative Developer
4 1 (5.56%) Infrastructure Manager
4 1 (5.56%) Project Manager
4 1 (5.56%) C++/C# Developer
4 1 (5.56%) RAD Developer
4 1 (5.56%) Senior Developer
Libraries, Frameworks & Software Standards
1 4 (22.22%) XML
2 2 (11.11%) Boost C++ Libraries
2 2 (11.11%) STL
2 2 (11.11%) .NET
3 1 (5.56%) FpML
Miscellaneous
1 18 (100.00%) Derivative
2 7 (38.89%) Foreign Exchange (FX)
3 6 (33.33%) Credit Derivative
4 3 (16.67%) Fixed Income
4 3 (16.67%) Equity Derivative
5 2 (11.11%) Grid Computing
6 1 (5.56%) DTCC
Operating Systems
1 1 (5.56%) Windows
1 1 (5.56%) Windows Server 2003
1 1 (5.56%) Windows Server 2008
Processes & Methodologies
1 5 (27.78%) Software Testing
1 5 (27.78%) Test Management
2 4 (22.22%) Risk Management
2 4 (22.22%) Analytics
3 3 (16.67%) UML
3 3 (16.67%) Data Analysis
4 2 (11.11%) Data Governance
4 2 (11.11%) Risk Analysis
4 2 (11.11%) Data Architecture
4 2 (11.11%) Greeks
4 2 (11.11%) Data Modelling
4 2 (11.11%) Logical Data Model
4 2 (11.11%) Physical Data Model
5 1 (5.56%) OO
5 1 (5.56%) RAD
5 1 (5.56%) Project Management
5 1 (5.56%) Multithreading
5 1 (5.56%) Release Management
5 1 (5.56%) Capacity Planning
5 1 (5.56%) Agile Software Development
Programming Languages
1 6 (33.33%) SQL
2 4 (22.22%) C#
3 3 (16.67%) C++
4 1 (5.56%) Perl
4 1 (5.56%) VBA
4 1 (5.56%) PowerShell
Qualifications
1 5 (27.78%) ISEB Practitioner
1 5 (27.78%) ISEB
2 2 (11.11%) Degree
Quality Assurance & Compliance
1 1 (5.56%) EMIR
Systems Management
1 5 (27.78%) HP Quality Center
Vendors
1 5 (27.78%) Murex
1 5 (27.78%) Calypso
1 5 (27.78%) HP
2 2 (11.11%) DataSynapse
2 2 (11.11%) Oracle
3 1 (5.56%) TIBCO
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