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 3 May 2016 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
3 May 2016
Same period 2015 Same period 2014
Interest Rate Derivatives
Rank 163 185 198
Rank change year-on-year
+22 +13
Contract jobs citing Interest Rate Derivative 2 13 14
As % of all contract IT jobs located in the City of London 0.057% 0.24% 0.22%
As % of the Miscellaneous category 0.15% 0.64% 0.58%
Number of daily rates quoted 2 12 11
Median daily rate £625 £513 £600
Median daily rate % change year-on-year
+21.95% -14.58%
90% offered a daily rate of more than £605 £425 £475
10% offered a daily rate of more than £645 £650 £725
UK excluding London median daily rate - £400 -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
1291 2043 2434
As % of all contract IT jobs located in the City of London 37.00% 37.23% 38.43%
Number of daily rates quoted 1050 1562 1818
Median daily rate £475 £475 £475
90% offered a daily rate of more than £325 £275 £290
10% offered a daily rate of more than £650 £625 £650
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 22 31 38
Median hourly rate £19.00 £20.00 £22.50
Median hourly rate % change year-on-year
-5.00% -11.11%
90% offered a hourly rate of more than £12.00 £14.56 £12.40
10% offered a hourly rate of more than £50.00 £69.40 £45.49
UK excluding London median hourly rate £22.00 £19.00 £20.38
% change year-on-year
+15.78% -6.74%

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 3 May 2016, 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 11 (84.62%) Front Office
2 8 (61.54%) Fixed Income
2 8 (61.54%) Banking
2 8 (61.54%) Derivative
3 7 (53.85%) Electronic Trading
3 7 (53.85%) Investment Banking
3 7 (53.85%) Finance
4 6 (46.15%) VBA
5 5 (38.46%) C++
6 3 (23.08%) Oracle Database
6 3 (23.08%) Subversion
6 3 (23.08%) Maven
6 3 (23.08%) Multithreading
6 3 (23.08%) TeamCity
6 3 (23.08%) Git (software)
6 3 (23.08%) RESTful
6 3 (23.08%) Scala
6 3 (23.08%) Oracle Coherence
6 3 (23.08%) Java
6 3 (23.08%) SQL
6 3 (23.08%) Oracle
6 3 (23.08%) JMS
6 3 (23.08%) Project Management
7 2 (15.38%) Murex
7 2 (15.38%) Calypso
7 2 (15.38%) PhD
7 2 (15.38%) SQL Server
7 2 (15.38%) Mathematics
7 2 (15.38%) Technical Architecture
7 2 (15.38%) SQL Server 2005

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 3 (23.08%) Oracle Coherence
Applications
1 1 (7.69%) MS Excel
Business Applications
1 2 (15.38%) Summit
Database & Business Intelligence
1 3 (23.08%) Oracle Database
2 2 (15.38%) SQL Server
2 2 (15.38%) SQL Server 2005
2 2 (15.38%) SQL Server 2008
3 1 (7.69%) Data Mart
3 1 (7.69%) Data Warehouse
3 1 (7.69%) MS Access
3 1 (7.69%) OLTP
3 1 (7.69%) SQL Server Analysis Services
3 1 (7.69%) SQL Server Integration Services
3 1 (7.69%) SQL Server Reporting Services
Development Applications
1 3 (23.08%) Git (software)
1 3 (23.08%) Maven
1 3 (23.08%) Subversion
1 3 (23.08%) TeamCity
General
1 11 (84.62%) Front Office
2 8 (61.54%) Banking
3 7 (53.85%) Finance
3 7 (53.85%) Investment Banking
4 1 (7.69%) Back Office
Job Titles
1 10 (76.92%) Developer
2 5 (38.46%) C++ Developer
2 5 (38.46%) C++ Quantitative Developer
2 5 (38.46%) Quantitative Developer
3 3 (23.08%) Front Office Developer
3 3 (23.08%) Investment Banking Java Developer
3 3 (23.08%) Java Developer
3 3 (23.08%) Project Manager
4 2 (15.38%) Murex Project Manager
4 2 (15.38%) Senior Developer
4 2 (15.38%) Senior Manager
4 2 (15.38%) Senior Project Manager
5 1 (7.69%) C# Developer
5 1 (7.69%) IT Project Manager
5 1 (7.69%) Murex Analyst
5 1 (7.69%) Project Analyst
5 1 (7.69%) Senior C# Developer
5 1 (7.69%) SQL Developer
5 1 (7.69%) SQL Server Developer
5 1 (7.69%) WPF Developer
Libraries, Frameworks & Software Standards
1 3 (23.08%) JMS
1 3 (23.08%) RESTful
2 1 (7.69%) .NET
2 1 (7.69%) ASP.NET
2 1 (7.69%) WPF
Miscellaneous
1 8 (61.54%) Derivative
1 8 (61.54%) Fixed Income
2 2 (15.38%) Mathematics
3 1 (7.69%) Computer Science
Processes & Methodologies
1 7 (53.85%) Electronic Trading
2 3 (23.08%) Multithreading
2 3 (23.08%) Project Management
3 2 (15.38%) Business Analysis
3 2 (15.38%) Technical Architecture
4 1 (7.69%) Agile Software Development
4 1 (7.69%) Analytics
4 1 (7.69%) ETL
4 1 (7.69%) Migration
4 1 (7.69%) Risk Management
4 1 (7.69%) SDLC
4 1 (7.69%) Technical Analysis
Programming Languages
1 6 (46.15%) VBA
2 5 (38.46%) C++
3 3 (23.08%) Java
3 3 (23.08%) Scala
3 3 (23.08%) SQL
4 1 (7.69%) C#
4 1 (7.69%) T-SQL
Qualifications
1 2 (15.38%) PhD
2 1 (7.69%) Degree
Vendors
1 3 (23.08%) Oracle
2 2 (15.38%) Calypso
2 2 (15.38%) Murex