The first table below looks at the demand for knowledge and experience of MarketAxess products and/or services 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 MarketAxess over the 3 months to 24 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 Vendors 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.

The figures below represent the IT contractor job market in general and are NOT representative of contractor rates within MarketAxess.

Location
3 months to
24 May 2013
Same period 2012 Same period 2011
MarketAxess
Rank - 210 236
Contract jobs citing MarketAxess 0 8 9
As % of all contract IT jobs located in the City of London - 0.102% 0.092%
As % of the Vendors category - 0.241% 0.218%
Number of daily rates quoted 0 8 7
Average daily rate - £400 £650
Average daily rate % change year-on-year
- -38.46%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Vendors
City of London
Contract IT job ads with a match in the
Vendors category
2893 3319 4124
As % of all contract IT jobs located in the City of London 45.35% 42.20% 42.10%
Number of daily rates quoted 2051 2268 2847
Average daily rate £431 £425 £489
Average daily rate % change year-on-year
+1.47% -13.04%
90% offered a daily rate of more than £275 £285 £300
10% offered a daily rate of more than £575 £600 £650
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 102 101 131
Average hourly rate £23.00 £20.00 £21.45
Average hourly rate % change year-on-year
+15.00% -6.75%
90% offered a hourly rate of more than £11.70 £12.50 £13.54
10% offered a hourly rate of more than £93.00 £39.00 £43.50
UK excluding London average hourly rate £19.00 £19.00 £20.00
% change year-on-year
- -5.00%
MarketAxess
London

MarketAxess
Jobs Demand Trend

This chart provides a 3-month moving total of IT contractor jobs citing MarketAxess across the City of London region as a proportion of the total demand within the Vendors category.

City of London MarketAxess Jobs Demand Trend

MarketAxess
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MarketAxess across the City of London region.

City of London MarketAxess Daily Rate Trend

MarketAxess
Top 18 Related IT Skills

For the 6 months to 24 May 2013, IT contractor jobs across the City of London region citing MarketAxess 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 MarketAxess.

1 7 (100.00%) Java
1 7 (100.00%) OO
1 7 (100.00%) Swing
1 7 (100.00%) MTS
1 7 (100.00%) Reuters
1 7 (100.00%) Bloomberg
1 7 (100.00%) eSpeed
1 7 (100.00%) Agile Software Development
1 7 (100.00%) TDD
1 7 (100.00%) Banking
1 7 (100.00%) ION Trading
1 7 (100.00%) RMDS
1 7 (100.00%) Investment Banking
1 7 (100.00%) Refactoring
1 7 (100.00%) Multithreading
1 7 (100.00%) Tradeweb
1 7 (100.00%) ION MarketView
1 7 (100.00%) Fixed Income

MarketAxess
Top Related IT Skills by Category

For the 6 months to 24 May 2013, IT contractor jobs across the City of London region citing MarketAxess 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 MarketAxess. Up to 20 skills are shown per category.

Application Development
1 7 (100.00%) Swing
Application Platforms
1 7 (100.00%) MTS
Business Applications
1 7 (100.00%) RMDS
1 7 (100.00%) ION MarketView
General
1 7 (100.00%) Banking
1 7 (100.00%) Investment Banking
Job Titles
1 5 (71.43%) Java Developer
1 5 (71.43%) Developer
Miscellaneous
1 7 (100.00%) Fixed Income
Processes & Methodologies
1 7 (100.00%) OO
1 7 (100.00%) Agile Software Development
1 7 (100.00%) TDD
1 7 (100.00%) Refactoring
1 7 (100.00%) Multithreading
Programming Languages
1 7 (100.00%) Java
Vendors
1 7 (100.00%) Reuters
1 7 (100.00%) Bloomberg
1 7 (100.00%) eSpeed
1 7 (100.00%) ION Trading
1 7 (100.00%) Tradeweb