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 9 February 2016 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
9 Feb 2016
Same period 2015 Same period 2014
Interest Rate Derivatives
Rank 141 182 184
Rank change year-on-year
+41 +2
Contract jobs citing Interest Rate Derivative 9 10 21
As % of all contract IT jobs located in the City of London 0.29% 0.20% 0.35%
As % of the Miscellaneous category 0.71% 0.51% 0.90%
Number of daily rates quoted 9 9 18
Average daily rate £750 £600 £588
Average daily rate % change year-on-year
+25.00% +2.12%
90% offered a daily rate of more than £625 £425 £475
10% offered a daily rate of more than £900 £634 £700
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
1266 1974 2331
As % of all contract IT jobs located in the City of London 40.23% 38.55% 39.18%
Number of daily rates quoted 973 1540 1690
Average daily rate £500 £450 £500
Average daily rate % change year-on-year
+11.11% -10.00%
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £675 £625 £650
UK excluding London average daily rate £375 £370 £350
% change year-on-year
+1.35% +5.71%
Number of hourly rates quoted 28 31 36
Average hourly rate £19.99 £17.87 £20.00
Average hourly rate % change year-on-year
+11.89% -10.67%
90% offered a hourly rate of more than £12.90 £13.25 £17.00
10% offered a hourly rate of more than £35.60 £27.37 £42.50
UK excluding London average hourly rate £24.00 £17.50 £17.50
% change year-on-year
+37.14% -

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 9 February 2016.

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 9 February 2016, 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 (85.71%) Front Office
2 13 (61.90%) Derivative
3 12 (57.14%) Banking
4 11 (52.38%) Investment Banking
5 10 (47.62%) Electronic Trading
6 9 (42.86%) Fixed Income
6 9 (42.86%) Finance
6 9 (42.86%) Java
7 8 (38.10%) VBA
7 8 (38.10%) Maven
7 8 (38.10%) TeamCity
8 7 (33.33%) Git (software)
8 7 (33.33%) RESTful
8 7 (33.33%) Scala
8 7 (33.33%) Multithreading
8 7 (33.33%) Oracle Coherence
8 7 (33.33%) Subversion
8 7 (33.33%) Oracle
8 7 (33.33%) C++
8 7 (33.33%) JMS
8 7 (33.33%) Oracle Database
9 4 (19.05%) Murex
10 3 (14.29%) Calypso
10 3 (14.29%) SQL Server
10 3 (14.29%) Project Management
10 3 (14.29%) Summit
10 3 (14.29%) Business Analysis
10 3 (14.29%) Mathematics
10 3 (14.29%) Technical Architecture
11 2 (9.52%) Spring

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

For the 6 months to 9 February 2016, 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 7 (33.33%) Oracle Coherence
2 2 (9.52%) Jetty
Applications
1 1 (4.76%) MS Excel
Business Applications
1 3 (14.29%) Summit
Database & Business Intelligence
1 7 (33.33%) Oracle Database
2 3 (14.29%) SQL Server
3 2 (9.52%) NoSQL
4 1 (4.76%) Data Mart
4 1 (4.76%) Data Warehouse
4 1 (4.76%) MS Access
4 1 (4.76%) OLTP
4 1 (4.76%) SQL Server 2005
4 1 (4.76%) SQL Server 2008
4 1 (4.76%) SQL Server Analysis Services
4 1 (4.76%) SQL Server Integration Services
4 1 (4.76%) SQL Server Reporting Services
Development Applications
1 8 (38.10%) Maven
1 8 (38.10%) TeamCity
2 7 (33.33%) Git (software)
2 7 (33.33%) Subversion
3 1 (4.76%) Ant
3 1 (4.76%) Hudson
3 1 (4.76%) Jenkins
General
1 18 (85.71%) Front Office
2 12 (57.14%) Banking
3 11 (52.38%) Investment Banking
4 9 (42.86%) Finance
Job Titles
1 17 (80.95%) Developer
2 9 (42.86%) Java Developer
3 7 (33.33%) C++ Developer
3 7 (33.33%) C++ Quantitative Developer
3 7 (33.33%) Front Office Developer
3 7 (33.33%) Investment Banking Java Developer
3 7 (33.33%) Quantitative Developer
4 3 (14.29%) Murex Project Manager
4 3 (14.29%) Project Manager
5 2 (9.52%) Analyst
5 2 (9.52%) Business Analyst
5 2 (9.52%) Electronic Trading Project Manager
5 2 (9.52%) Senior Developer
5 2 (9.52%) Senior Manager
5 2 (9.52%) Senior Project Manager
6 1 (4.76%) Banking Project Manager
6 1 (4.76%) Derivatives Business Analyst
6 1 (4.76%) Front Office Business Analyst
6 1 (4.76%) IT Analyst
6 1 (4.76%) Senior Business Analyst
Libraries, Frameworks & Software Standards
1 7 (33.33%) JMS
1 7 (33.33%) RESTful
2 2 (9.52%) Middleware
2 2 (9.52%) Spring
3 1 (4.76%) WPF
Miscellaneous
1 13 (61.90%) Derivative
2 9 (42.86%) Fixed Income
3 3 (14.29%) Mathematics
Processes & Methodologies
1 10 (47.62%) Electronic Trading
2 7 (33.33%) Multithreading
3 3 (14.29%) Business Analysis
3 3 (14.29%) Project Management
3 3 (14.29%) Technical Architecture
4 2 (9.52%) Analytics
4 2 (9.52%) MVC
5 1 (4.76%) ETL
5 1 (4.76%) GAP Analysis
5 1 (4.76%) Migration
5 1 (4.76%) Risk Management
5 1 (4.76%) SDLC
5 1 (4.76%) Software Engineering
5 1 (4.76%) TDD
5 1 (4.76%) Technical Analysis
Programming Languages
1 9 (42.86%) Java
2 8 (38.10%) VBA
3 7 (33.33%) C++
3 7 (33.33%) Scala
4 2 (9.52%) SQL
5 1 (4.76%) C#
5 1 (4.76%) T-SQL
Qualifications
1 2 (9.52%) PhD
Vendors
1 7 (33.33%) Oracle
2 4 (19.05%) Murex
3 3 (14.29%) Calypso
4 2 (9.52%) Solace
4 2 (9.52%) Sybase
4 2 (9.52%) TIBCO
City, London
NDK Consulting.co.uk Ltd
Rate: Up to £550 per day
Posted: Yesterday