The first table below looks at the demand for RMDS skills 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 RMDS over the 3 months to 23 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Business Applications category for the City of London region.

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.

Location
3 months to
23 Jul 2014
Same period 2013 Same period 2012
Reuters Market Data System (RMDS)
Rank 186 194 205
Rank change year-on-year
+8 +11
Contract jobs citing RMDS 10 31 22
As % of all contract IT jobs located in the City of London 0.17% 0.44% 0.28%
As % of the Business Applications category 1.99% 5.07% 3.29%
Number of daily rates quoted 9 24 14
Average daily rate
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£625 £600 £515
Average daily rate % change year-on-year
+4.16% +16.50%
90% offered a daily rate of more than £575 £515 £258
10% offered a daily rate of more than £800 £643 £635
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 2 0
Average hourly rate - £39.51 -
UK excluding London average hourly rate - - -
Business Applications Category
City of London
Contract IT job ads with a match in the
Business Applications category
503 611 668
As % of all contract IT jobs located in the City of London 8.68% 8.59% 8.53%
Number of daily rates quoted 338 435 483
Average daily rate £475 £450 £475
Average daily rate % change year-on-year
+5.55% -5.26%
90% offered a daily rate of more than £300 £325 £350
10% offered a daily rate of more than £605 £625 £625
UK excluding London average daily rate £425 £413 £438
% change year-on-year
+3.03% -5.71%
Number of hourly rates quoted 4 11 6
Average hourly rate £32.03 £25.50 £48.00
Average hourly rate % change year-on-year
+25.60% -46.87%
90% offered a hourly rate of more than £23.87 £12.90 £41.05
10% offered a hourly rate of more than £32.82 £39.51 £62.95
UK excluding London average hourly rate £31.50 £31.50 £32.50
% change year-on-year
- -3.07%
RMDS
London

RMDS
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing RMDS across the City of London region as a proportion of the total demand within 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
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing RMDS across the City of London region over the 3 months to 23 July 2014.

RMDS Daily Rate Histogram 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 23 July 2014, IT contractor jobs across the City of London region citing RMDS 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 RMDS.

1 26 (72.22%) Linux
2 24 (66.67%) Java
3 16 (44.44%) Reuters
4 15 (41.67%) Front Office
5 14 (38.89%) Oracle
5 14 (38.89%) Banking
5 14 (38.89%) 29West
6 13 (36.11%) SQL
6 13 (36.11%) Windows
6 13 (36.11%) Foreign Exchange (FX)
7 12 (33.33%) Solaris
8 11 (30.56%) Oracle Coherence
9 10 (27.78%) Finance
9 10 (27.78%) UNIX
10 9 (25.00%) Bloomberg
10 9 (25.00%) VMware
10 9 (25.00%) TIBCO
10 9 (25.00%) Rendezvous
11 8 (22.22%) VMware Infrastructure
11 8 (22.22%) Low Latency
12 7 (19.44%) ION Trading
12 7 (19.44%) Firewall
12 7 (19.44%) E-Commerce
12 7 (19.44%) Citrix
13 6 (16.67%) Knowledge Management
13 6 (16.67%) ION MarketView
14 5 (13.89%) Multithreading
14 5 (13.89%) Investment Banking
14 5 (13.89%) SQL Server
14 5 (13.89%) Fixed Income

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

For the 6 months to 23 July 2014, IT contractor jobs across the City of London region citing RMDS 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 RMDS. Up to 20 skills are shown per category.

Application Platforms
1 11 (30.56%) Oracle Coherence
2 3 (8.33%) IIS
2 3 (8.33%) Apache
2 3 (8.33%) Tomcat
2 3 (8.33%) Oracle HTTP Server
2 3 (8.33%) WebSphere
3 1 (2.78%) Confluence
Business Applications
1 6 (16.67%) ION MarketView
Communications & Networking
1 7 (19.44%) Firewall
2 3 (8.33%) SAN
2 3 (8.33%) LAN
2 3 (8.33%) WAN
2 3 (8.33%) HTTP
2 3 (8.33%) NAS
2 3 (8.33%) FCoE
2 3 (8.33%) Fibre Channel
2 3 (8.33%) Multicast
3 1 (2.78%) TCP/IP
3 1 (2.78%) iSCSI
Database & Business Intelligence
1 5 (13.89%) SQL Server
2 3 (8.33%) Hadoop
2 3 (8.33%) HBase
Development Applications
1 2 (5.56%) JUnit
2 1 (2.78%) JIRA
2 1 (2.78%) TeamCity
2 1 (2.78%) Git (software)
General
1 15 (41.67%) Front Office
2 14 (38.89%) Banking
3 10 (27.78%) Finance
4 5 (13.89%) Investment Banking
5 2 (5.56%) Back Office
Job Titles
1 9 (25.00%) Analyst
2 8 (22.22%) Development Manager
3 7 (19.44%) Support Analyst
3 7 (19.44%) Data Analyst
3 7 (19.44%) Market Data Analyst
3 7 (19.44%) Market Analyst
3 7 (19.44%) Market Data Support Analyst
4 5 (13.89%) Developer
4 5 (13.89%) Java Developer
5 3 (8.33%) Infrastructure Architect
5 3 (8.33%) Architect
6 2 (5.56%) Systems Analyst
6 2 (5.56%) Technical Team Leader
6 2 (5.56%) Java Team Leader
6 2 (5.56%) Market Data Engineer
6 2 (5.56%) Lead Architect
6 2 (5.56%) Team Leader
7 1 (2.78%) Technical Specialist
7 1 (2.78%) Infrastructure Solutions Architect
7 1 (2.78%) Head of Development
Libraries, Frameworks & Software Standards
1 9 (25.00%) Rendezvous
2 4 (11.11%) Middleware
3 3 (8.33%) HTML
3 3 (8.33%) XML
3 3 (8.33%) XSLT
4 1 (2.78%) JMS
4 1 (2.78%) Spring
Miscellaneous
1 13 (36.11%) Foreign Exchange (FX)
2 5 (13.89%) Fixed Income
3 1 (2.78%) Derivative
3 1 (2.78%) Equity Derivative
Operating Systems
1 26 (72.22%) Linux
2 13 (36.11%) Windows
3 12 (33.33%) Solaris
4 10 (27.78%) UNIX
5 2 (5.56%) Red Hat Enterprise Linux
Processes & Methodologies
1 8 (22.22%) Low Latency
2 7 (19.44%) E-Commerce
3 6 (16.67%) Knowledge Management
4 5 (13.89%) Multithreading
4 5 (13.89%) TDD
5 4 (11.11%) BDD
6 3 (8.33%) Continuous Integration
6 3 (8.33%) Performance Tuning
6 3 (8.33%) Automated Testing
6 3 (8.33%) Software Engineering
6 3 (8.33%) Agile Software Development
6 3 (8.33%) Benchmarking
6 3 (8.33%) Change Management
7 2 (5.56%) Risk Management
7 2 (5.56%) Algorithmic Trading
8 1 (2.78%) Integration Testing
8 1 (2.78%) Electronic Trading
8 1 (2.78%) DevOps
8 1 (2.78%) Migration
8 1 (2.78%) Process Management
Programming Languages
1 24 (66.67%) Java
2 13 (36.11%) SQL
3 2 (5.56%) JavaScript
3 2 (5.56%) Perl
4 1 (2.78%) Shell Script
4 1 (2.78%) C-shell
4 1 (2.78%) Bash Shell
Qualifications
1 1 (2.78%) Degree
System Software
1 8 (22.22%) VMware Infrastructure
2 3 (8.33%) NFS
2 3 (8.33%) SRDF
2 3 (8.33%) Oracle RAC
3 1 (2.78%) KVM
3 1 (2.78%) Xen
3 1 (2.78%) Hyper-V
Vendors
1 16 (44.44%) Reuters
2 14 (38.89%) Oracle
2 14 (38.89%) 29West
3 9 (25.00%) TIBCO
3 9 (25.00%) Bloomberg
3 9 (25.00%) VMware
4 7 (19.44%) ION Trading
4 7 (19.44%) Citrix
5 3 (8.33%) NetApp
5 3 (8.33%) DataSynapse
5 3 (8.33%) Sybase
5 3 (8.33%) Cisco
5 3 (8.33%) IBM
5 3 (8.33%) EMC
5 3 (8.33%) Intel
6 2 (5.56%) MarketAxess
6 2 (5.56%) Red Hat