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 18 December 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
18 Dec 2014
Same period 2013 Same period 2012
MarketAxess
Rank 202 - 200
Rank change year-on-year
- 0
Contract jobs citing MarketAxess 4 0 1
As % of all contract IT jobs located in the City of London 0.071% - 0.016%
As % of the Vendors category 0.16% - 0.038%
Number of daily rates quoted 0 0 1
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
- - £650
UK excluding London average daily rate £70 - -
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
2458 3050 2643
As % of all contract IT jobs located in the City of London 43.51% 44.66% 43.11%
Number of daily rates quoted 1816 2197 1896
Average daily rate £425 £425 £425
90% offered a daily rate of more than £230 £263 £250
10% offered a daily rate of more than £575 £601 £600
UK excluding London average daily rate £363 £350 £350
% change year-on-year
+3.57% -
Number of hourly rates quoted 62 75 80
Average hourly rate £17.87 £20.00 £21.00
Average hourly rate % change year-on-year
-10.67% -4.76%
90% offered a hourly rate of more than £12.00 £12.50 £14.14
10% offered a hourly rate of more than £22.69 £30.83 £45.00
UK excluding London average hourly rate £17.50 £17.00 £19.00
% change year-on-year
+2.94% -10.52%

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 18 December 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 9 (69.23%) Finance
2 7 (53.85%) Fixed Income
2 7 (53.85%) SQL
2 7 (53.85%) Bloomberg
3 6 (46.15%) Electronic Trading
3 6 (46.15%) Tradeweb
3 6 (46.15%) Trayport
4 5 (38.46%) Front Office
5 4 (30.77%) Credit Derivative
5 4 (30.77%) Maven
5 4 (30.77%) Korn
5 4 (30.77%) Derivative
5 4 (30.77%) TIBCO
5 4 (30.77%) Middleware
5 4 (30.77%) DB2
5 4 (30.77%) Java
5 4 (30.77%) Perl
5 4 (30.77%) E-Commerce
5 4 (30.77%) JMS
5 4 (30.77%) Multithreading
6 3 (23.08%) Active Directory
6 3 (23.08%) Reuters
6 3 (23.08%) UNIX
6 3 (23.08%) Equities
7 2 (15.38%) SSH
7 2 (15.38%) Banking
7 2 (15.38%) ION Trading
7 2 (15.38%) Asset Management
7 2 (15.38%) Windows
7 2 (15.38%) Hedge funds

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

For the 6 months to 18 December 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 (7.69%) MS Office
Communications & Networking
1 2 (15.38%) SSH
Database & Business Intelligence
1 4 (30.77%) DB2
Development Applications
1 4 (30.77%) Maven
General
1 9 (69.23%) Finance
2 5 (38.46%) Front Office
3 2 (15.38%) Banking
4 1 (7.69%) Back Office
Job Titles
1 4 (30.77%) Java Developer
1 4 (30.77%) Developer
1 4 (30.77%) Market Data Engineer
2 3 (23.08%) Applications Support
3 2 (15.38%) Electronics Engineer
3 2 (15.38%) Systems Engineer
4 1 (7.69%) Senior Market Data Engineer
4 1 (7.69%) Senior Systems Engineer
Libraries, Frameworks & Software Standards
1 4 (30.77%) Middleware
1 4 (30.77%) JMS
Miscellaneous
1 7 (53.85%) Fixed Income
2 4 (30.77%) Credit Derivative
2 4 (30.77%) Derivative
3 3 (23.08%) Equities
4 2 (15.38%) Hedge funds
Operating Systems
1 3 (23.08%) UNIX
2 2 (15.38%) Windows
Processes & Methodologies
1 6 (46.15%) Electronic Trading
2 4 (30.77%) E-Commerce
2 4 (30.77%) Multithreading
3 2 (15.38%) Asset Management
3 2 (15.38%) Software Deployment
4 1 (7.69%) Project Management
Programming Languages
1 7 (53.85%) SQL
2 4 (30.77%) Korn
2 4 (30.77%) Java
2 4 (30.77%) Perl
3 1 (7.69%) Python
System Software
1 3 (23.08%) Active Directory
2 1 (7.69%) VMware Infrastructure
Systems Management
1 1 (7.69%) BMC Marimba
Vendors
1 7 (53.85%) Bloomberg
2 6 (46.15%) Tradeweb
2 6 (46.15%) Trayport
3 4 (30.77%) TIBCO
4 3 (23.08%) Reuters
5 2 (15.38%) ION Trading
6 1 (7.69%) Remedy
6 1 (7.69%) Citrix
6 1 (7.69%) VMware