The table below looks at the statistics 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 contractor rates offered in IT contracts that have cited MarketAxess over the 3 months to 19 January 2017 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.

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

3 months to
19 Jan 2017
Same period 2016 Same period 2015
MarketAxess
London / City of London
Rank - - 186
Contract jobs citing MarketAxess 0 0 5
As % of all contract IT jobs located in the City of London - - 0.098%
As % of the Vendors category - - 0.23%
Number of daily rates quoted 0 0 1
Median daily rate - - £650
UK excluding London median daily rate - - £70
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Vendors category in contract jobs advertised in the City of London region.

Vendors Category
City of London
Contract IT job ads with a match in the
Vendors category
1262 1223 2216
As % of all contract IT jobs located in the City of London 43.06% 40.06% 43.21%
Number of daily rates quoted 945 899 1626
Median daily rate £450 £425 £425
Median daily rate % change year-on-year
+5.88% -
90% offered a daily rate of more than £314 £250 £250
10% offered a daily rate of more than £625 £600 £600
UK excluding London median daily rate £388 £375 £370
% change year-on-year
+3.33% +1.35%
Number of hourly rates quoted 15 16 52
Median hourly rate £40.50 £22.06 £18.25
Median hourly rate % change year-on-year
+83.61% +20.86%
90% offered a hourly rate of more than £13.00 £18.60 £12.85
10% offered a hourly rate of more than £55.00 £30.00 £23.75
UK excluding London median hourly rate £18.00 £22.50 £16.84
% change year-on-year
-20.00% +33.65%

MarketAxess
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing MarketAxess as a proportion of all IT contracts with a match in the Vendors category.

MarketAxess Jobs Demand Trend in the City of London

MarketAxess
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 MarketAxess across the City of London region.

MarketAxess Daily Rate Trend in the City of London