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 average contractor rates offered in IT contracts that have cited MarketAxess over the 3 months to 24 October 2014 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.

Location
3 months to
24 Oct 2014
Same period 2013 Same period 2012
MarketAxess
Rank 200 - 218
Rank change year-on-year
- 0
Contract jobs citing MarketAxess 7 0 1
As % of all contract IT jobs located in the City of London 0.12% - 0.014%
As % of the Vendors category 0.26% - 0.033%
Number of daily rates quoted 5 0 1
Average daily rate
Keep up to 90%
of your Daily Rate
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£500 - £650
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
MarketAxess
London

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
2699 3311 3062
As % of all contract IT jobs located in the City of London 45.10% 45.54% 43.42%
Number of daily rates quoted 1967 2315 2122
Average daily rate £425 £425 £425
90% offered a daily rate of more than £250 £263 £265
10% offered a daily rate of more than £575 £600 £600
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 64 90 83
Average hourly rate £17.87 £19.50 £19.00
Average hourly rate % change year-on-year
-8.38% +2.63%
90% offered a hourly rate of more than £11.50 £11.50 £13.50
10% offered a hourly rate of more than £22.25 £28.50 £42.00
UK excluding London average hourly rate £18.00 £18.11 £19.00
% change year-on-year
-0.62% -4.67%

MarketAxess
Jobs Demand Trend in the City of London

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.

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

MarketAxess
Top 30 Related IT Skills in the City of London

For the 6 months to 24 October 2014, 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 8 (66.67%) Electronic Trading
2 6 (50.00%) Trayport
2 6 (50.00%) Perl
2 6 (50.00%) SQL
2 6 (50.00%) Finance
3 5 (41.67%) Reuters
4 4 (33.33%) Bloomberg
4 4 (33.33%) Fixed Income
4 4 (33.33%) Korn
5 3 (25.00%) Tradeweb
5 3 (25.00%) Equities
5 3 (25.00%) Project Management
5 3 (25.00%) TIBCO
5 3 (25.00%) Active Directory
5 3 (25.00%) UNIX
5 3 (25.00%) Python
6 2 (16.67%) Windows
6 2 (16.67%) Linux
6 2 (16.67%) Red Hat
6 2 (16.67%) Rendezvous
6 2 (16.67%) Firewall
6 2 (16.67%) Front Office
6 2 (16.67%) Banking
6 2 (16.67%) ION Trading
6 2 (16.67%) Asset Management
6 2 (16.67%) Red Hat Enterprise Linux
6 2 (16.67%) Software Deployment
6 2 (16.67%) Multicast
6 2 (16.67%) Hedge funds
6 2 (16.67%) SSH

MarketAxess
Top Related IT Skills in the City of London by Category

For the 6 months to 24 October 2014, 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.

Applications
1 1 (8.33%) MS Office
Communications & Networking
1 2 (16.67%) Firewall
1 2 (16.67%) SSH
1 2 (16.67%) Multicast
Database & Business Intelligence
1 1 (8.33%) DB2
Development Applications
1 1 (8.33%) Maven
General
1 6 (50.00%) Finance
2 2 (16.67%) Banking
2 2 (16.67%) Front Office
3 1 (8.33%) Back Office
Job Titles
1 4 (33.33%) Market Data Engineer
2 3 (25.00%) Applications Support
3 2 (16.67%) Systems Engineer
3 2 (16.67%) Electronics Engineer
4 1 (8.33%) Developer
4 1 (8.33%) Senior Market Data Engineer
4 1 (8.33%) Senior Systems Engineer
4 1 (8.33%) Support Engineer
4 1 (8.33%) Java Developer
Libraries, Frameworks & Software Standards
1 2 (16.67%) Rendezvous
2 1 (8.33%) Middleware
2 1 (8.33%) JMS
Miscellaneous
1 4 (33.33%) Fixed Income
2 3 (25.00%) Equities
3 2 (16.67%) Hedge funds
4 1 (8.33%) Credit Derivative
4 1 (8.33%) Derivative
Operating Systems
1 3 (25.00%) UNIX
2 2 (16.67%) Windows
2 2 (16.67%) Linux
2 2 (16.67%) Red Hat Enterprise Linux
Processes & Methodologies
1 8 (66.67%) Electronic Trading
2 3 (25.00%) Project Management
3 2 (16.67%) Asset Management
3 2 (16.67%) Software Deployment
4 1 (8.33%) Multithreading
4 1 (8.33%) E-Commerce
Programming Languages
1 6 (50.00%) Perl
1 6 (50.00%) SQL
2 4 (33.33%) Korn
3 3 (25.00%) Python
4 1 (8.33%) Java
System Software
1 3 (25.00%) Active Directory
2 1 (8.33%) VMware Infrastructure
Systems Management
1 1 (8.33%) BMC Marimba
Vendors
1 6 (50.00%) Trayport
2 5 (41.67%) Reuters
3 4 (33.33%) Bloomberg
4 3 (25.00%) TIBCO
4 3 (25.00%) Tradeweb
5 2 (16.67%) ION Trading
5 2 (16.67%) Red Hat
6 1 (8.33%) Citrix
6 1 (8.33%) Remedy
6 1 (8.33%) VMware