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 25 September 2016 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
25 Sep 2016
Same period 2015 Same period 2014
MarketAxess
Rank 169 186 198
Rank change year-on-year
+17 +12
Contract jobs citing MarketAxess 2 1 9
As % of all contract IT jobs located in the City of London 0.059% 0.021% 0.15%
As % of the Vendors category 0.14% 0.050% 0.33%
Number of daily rates quoted 2 0 8
Median daily rate £313 - £400
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
1438 1998 2695
As % of all contract IT jobs located in the City of London 42.12% 42.43% 45.98%
Number of daily rates quoted 1091 1505 1899
Median daily rate £450 £425 £425
Median daily rate % change year-on-year
+5.88% -
90% offered a daily rate of more than £300 £250 £250
10% offered a daily rate of more than £600 £575 £575
UK excluding London median daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 16 40 59
Median hourly rate £27.50 £16.00 £19.50
Median hourly rate % change year-on-year
+71.87% -17.94%
90% offered a hourly rate of more than £12.00 £11.00 £12.80
10% offered a hourly rate of more than £46.55 £22.50 £32.82
UK excluding London median hourly rate £18.93 £17.77 £18.00
% change year-on-year
+6.49% -1.27%

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

MarketAxess
Top 10 Related IT Skills in the City of London

For the 6 months to 25 September 2016, IT contractor jobs citing MarketAxess 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 MarketAxess.

1 2 (100.00%) MS Office
1 2 (100.00%) E-Commerce
1 2 (100.00%) Foreign Exchange (FX)
1 2 (100.00%) Bloomberg
1 2 (100.00%) Front Office
1 2 (100.00%) Fixed Income
1 2 (100.00%) FIX Protocol
1 2 (100.00%) Electronic Trading
1 2 (100.00%) Bloomberg TOMS
1 2 (100.00%) FXall

MarketAxess
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:

Applications
1 2 (100.00%) MS Office
Business Applications
1 2 (100.00%) Bloomberg TOMS
General
1 2 (100.00%) Front Office
Job Titles
1 1 (50.00%) Client Services Manager
1 1 (50.00%) E-Commerce Manager
1 1 (50.00%) Service Manager
Libraries, Frameworks & Software Standards
1 2 (100.00%) FIX Protocol
Miscellaneous
1 2 (100.00%) Fixed Income
1 2 (100.00%) Foreign Exchange (FX)
Processes & Methodologies
1 2 (100.00%) E-Commerce
1 2 (100.00%) Electronic Trading
Vendors
1 2 (100.00%) Bloomberg
1 2 (100.00%) FXall