The table below looks at the statistics for RMDS skills 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 RMDS over the 3 months to 22 February 2017 with a comparison to the same period over 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.

3 months to
22 Feb 2017
Same period 2016 Same period 2015
Reuters Market Data System (RMDS)
London / City of London
Rank 154 149 182
Rank change year-on-year
-5 +33
Contract jobs citing RMDS 1 4 8
As % of all contract IT jobs located in the City of London 0.034% 0.13% 0.16%
As % of the Business Applications category 0.47% 1.75% 1.81%
Number of daily rates quoted 1 4 6
Median daily rate £538 £625 £563
Median daily rate % change year-on-year
-14.00% +11.11%
UK excluding London median daily rate - - -
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 Business Applications category in contract jobs advertised in the City of London region.

Business Applications Category
City of London
Contract IT job ads with a match in the
Business Applications category
215 228 442
As % of all contract IT jobs located in the City of London 7.29% 7.14% 8.62%
Number of daily rates quoted 157 157 322
Median daily rate £430 £478 £475
Median daily rate % change year-on-year
-9.94% +0.52%
90% offered a daily rate of more than £326 £300 £319
10% offered a daily rate of more than £599 £625 £650
UK excluding London median daily rate £450 £423 £425
% change year-on-year
+6.50% -0.58%
Number of hourly rates quoted 2 2 1
Median hourly rate £29.38 £39.50 £45.50
Median hourly rate % change year-on-year
-25.62% -13.18%
UK excluding London median hourly rate £32.50 £32.75 £18.00
% change year-on-year
-0.76% +81.94%

RMDS
Jobs Demand Trend in the City of London

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

RMDS Jobs Demand Trend in the City of London

RMDS
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 RMDS across the City of London region.

RMDS Daily Rate Trend in the City of London

RMDS
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing RMDS across the City of London region.

RMDS Hourly Rate Trend in the City of London

RMDS
Top 30 Related IT Skills in the City of London

For the 6 months to 22 February 2017, IT contractor jobs citing RMDS 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 RMDS.

1 7 (100.00%) FIX Protocol
2 6 (85.71%) Electronic Trading
2 6 (85.71%) Oracle
2 6 (85.71%) TIBCO
2 6 (85.71%) Rendezvous
2 6 (85.71%) Front Office
3 5 (71.43%) Fixed Income
3 5 (71.43%) Derivative
4 4 (57.14%) Credit Derivative
4 4 (57.14%) Reuters
4 4 (57.14%) Linux
4 4 (57.14%) JUnit
4 4 (57.14%) Java
4 4 (57.14%) Multithreading
5 3 (42.86%) Finance
6 2 (28.57%) TCP/IP
6 2 (28.57%) Foreign Exchange (FX)
6 2 (28.57%) Unix
6 2 (28.57%) Windows
6 2 (28.57%) SQL Server
6 2 (28.57%) Python
6 2 (28.57%) Mathematics
7 1 (14.29%) Confluence
7 1 (14.29%) HTML5
7 1 (14.29%) NoSQL
7 1 (14.29%) Big Data
7 1 (14.29%) Analytics
7 1 (14.29%) Low Latency
7 1 (14.29%) Technical Analysis
7 1 (14.29%) Kalman Filter

RMDS
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:

Application Platforms
1 1 (14.29%) Confluence
Communications & Networking
1 2 (28.57%) TCP/IP
Database & Business Intelligence
1 2 (28.57%) SQL Server
2 1 (14.29%) Big Data
2 1 (14.29%) Data Mining
2 1 (14.29%) NoSQL
Development Applications
1 4 (57.14%) JUnit
2 1 (14.29%) JIRA
General
1 6 (85.71%) Front Office
2 3 (42.86%) Finance
Job Titles
1 4 (57.14%) Developer
1 4 (57.14%) Electronic Trading Developer
1 4 (57.14%) Electronic Trading Java Developer
1 4 (57.14%) Java Developer
1 4 (57.14%) Senior Developer
1 4 (57.14%) Senior Java Developer
2 1 (14.29%) Analyst
2 1 (14.29%) Business Analyst
2 1 (14.29%) MiFID Business Analyst
2 1 (14.29%) Technical Analyst
2 1 (14.29%) Technical Business Analyst
Libraries, Frameworks & Software Standards
1 7 (100.00%) FIX Protocol
2 6 (85.71%) Rendezvous
3 1 (14.29%) .NET
3 1 (14.29%) FpML
3 1 (14.29%) HTML
3 1 (14.29%) HTML5
Miscellaneous
1 5 (71.43%) Derivative
1 5 (71.43%) Fixed Income
2 4 (57.14%) Credit Derivative
3 2 (28.57%) Foreign Exchange (FX)
Operating Systems
1 4 (57.14%) Linux
2 2 (28.57%) Unix
2 2 (28.57%) Windows
Processes & Methodologies
1 6 (85.71%) Electronic Trading
2 4 (57.14%) Multithreading
3 2 (28.57%) Mathematics
4 1 (14.29%) Analytics
4 1 (14.29%) Business Analysis
4 1 (14.29%) Change Management
4 1 (14.29%) Kalman Filter
4 1 (14.29%) Low Latency
4 1 (14.29%) OO
4 1 (14.29%) OOA/OOD
4 1 (14.29%) Technical Analysis
Programming Languages
1 4 (57.14%) Java
2 2 (28.57%) Python
3 1 (14.29%) C#
Quality Assurance & Compliance
1 1 (14.29%) MiFID
Vendors
1 6 (85.71%) Oracle
1 6 (85.71%) TIBCO
2 4 (57.14%) Reuters