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 18 April 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
18 Apr 2014
Same period 2013 Same period 2012
Reuters Market Data System (RMDS)
Rank 184 183 209
Rank change year-on-year
-1 +26
Contract jobs citing RMDS 26 14 15
As % of all contract IT jobs located in the City of London 0.40% 0.22% 0.19%
As % of the Business Applications category 5.34% 2.44% 2.66%
Number of daily rates quoted 24 13 12
Average daily rate £600 £470 £359
Average daily rate % change year-on-year
+27.65% +31.01%
90% offered a daily rate of more than £315 £355 £282
10% offered a daily rate of more than £768 £650 £497
UK excluding London average daily rate - - £550
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Business Applications Category
City of London
Contract IT job ads with a match in the
Business Applications category
487 573 564
As % of all contract IT jobs located in the City of London 7.55% 9.19% 6.97%
Number of daily rates quoted 354 402 365
Average daily rate £450 £475 £450
Average daily rate % change year-on-year
-5.26% +5.55%
90% offered a daily rate of more than £310 £350 £313
10% offered a daily rate of more than £625 £600 £650
UK excluding London average daily rate £400 £425 £433
% change year-on-year
-5.88% -1.73%
Number of hourly rates quoted 4 3 5
Average hourly rate £50.00 £12.00 £50.00
Average hourly rate % change year-on-year
+316.66% -76.00%
90% offered a hourly rate of more than £15.25 £11.60 £11.84
10% offered a hourly rate of more than £56.25 £30.75 £56.82
UK excluding London average hourly rate £33.00 £37.80 £20.00
% change year-on-year
-12.69% +89.00%
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 18 April 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 18 April 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 32 (78.05%) Linux
2 25 (60.98%) Java
3 19 (46.34%) Reuters
4 18 (43.90%) Oracle
4 18 (43.90%) Solaris
4 18 (43.90%) Foreign Exchange (FX)
5 17 (41.46%) SQL
5 17 (41.46%) Front Office
5 17 (41.46%) 29West
6 16 (39.02%) Banking
6 16 (39.02%) Oracle Coherence
6 16 (39.02%) Windows
7 14 (34.15%) Finance
8 11 (26.83%) Bloomberg
9 10 (24.39%) E-Commerce
10 9 (21.95%) TIBCO
10 9 (21.95%) Rendezvous
10 9 (21.95%) Firewall
11 8 (19.51%) VMware
11 8 (19.51%) LAN
11 8 (19.51%) WAN
11 8 (19.51%) UNIX
11 8 (19.51%) SQL Server
11 8 (19.51%) Multicast
12 7 (17.07%) Low Latency
12 7 (17.07%) VMware Infrastructure
12 7 (17.07%) Middleware
12 7 (17.07%) Citrix
13 6 (14.63%) SAN
13 6 (14.63%) NetApp

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

For the 6 months to 18 April 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 16 (39.02%) Oracle Coherence
2 6 (14.63%) IIS
2 6 (14.63%) Apache
2 6 (14.63%) Tomcat
2 6 (14.63%) Oracle HTTP Server
2 6 (14.63%) WebSphere
Business Applications
1 3 (7.32%) ION MarketView
2 1 (2.44%) 3000 Xtra
2 1 (2.44%) Eikon
Communications & Networking
1 9 (21.95%) Firewall
2 8 (19.51%) LAN
2 8 (19.51%) WAN
2 8 (19.51%) Multicast
3 6 (14.63%) SAN
3 6 (14.63%) HTTP
3 6 (14.63%) FCoE
3 6 (14.63%) Fibre Channel
3 6 (14.63%) NAS
4 3 (7.32%) TCP/IP
5 2 (4.88%) DNS
5 2 (4.88%) Internet
Database & Business Intelligence
1 8 (19.51%) SQL Server
2 6 (14.63%) Hadoop
2 6 (14.63%) HBase
3 1 (2.44%) Relational Database
3 1 (2.44%) RDBMS
Development Applications
1 2 (4.88%) JUnit
General
1 17 (41.46%) Front Office
2 16 (39.02%) Banking
3 14 (34.15%) Finance
4 5 (12.20%) Back Office
5 3 (7.32%) Investment Banking
6 2 (4.88%) Financial Institution
Job Titles
1 10 (24.39%) Development Manager
2 9 (21.95%) Analyst
3 7 (17.07%) Market Analyst
3 7 (17.07%) Market Data Analyst
3 7 (17.07%) Market Data Support Analyst
3 7 (17.07%) Data Analyst
3 7 (17.07%) Support Analyst
4 6 (14.63%) Architect
4 6 (14.63%) Infrastructure Architect
5 4 (9.76%) Lead Architect
5 4 (9.76%) Market Data Engineer
6 3 (7.32%) Developer
6 3 (7.32%) Java Developer
7 2 (4.88%) Technical Team Leader
7 2 (4.88%) Java Team Leader
7 2 (4.88%) Java Programmer
7 2 (4.88%) Programmer
7 2 (4.88%) Systems Analyst
7 2 (4.88%) Team Leader
8 1 (2.44%) Java Development Manager
Libraries, Frameworks & Software Standards
1 9 (21.95%) Rendezvous
2 7 (17.07%) Middleware
3 6 (14.63%) HTML
3 6 (14.63%) XML
3 6 (14.63%) XSLT
4 2 (4.88%) JMS
5 1 (2.44%) Spring
Miscellaneous
1 18 (43.90%) Foreign Exchange (FX)
2 3 (7.32%) Fixed Income
3 1 (2.44%) Derivative
3 1 (2.44%) Equity Derivative
3 1 (2.44%) Equities
Operating Systems
1 32 (78.05%) Linux
2 18 (43.90%) Solaris
3 16 (39.02%) Windows
4 8 (19.51%) UNIX
5 2 (4.88%) Red Hat Enterprise Linux
Processes & Methodologies
1 10 (24.39%) E-Commerce
2 7 (17.07%) Low Latency
3 6 (14.63%) Benchmarking
3 6 (14.63%) Performance Tuning
4 5 (12.20%) Risk Management
5 4 (9.76%) Knowledge Management
6 3 (7.32%) Multithreading
7 2 (4.88%) Change Management
7 2 (4.88%) BDD
8 1 (2.44%) Time Management
8 1 (2.44%) Automated Testing
8 1 (2.44%) Software Engineering
8 1 (2.44%) Integration Testing
8 1 (2.44%) Continuous Integration
8 1 (2.44%) OOA/OOD
8 1 (2.44%) Migration
8 1 (2.44%) Agile Software Development
8 1 (2.44%) TDD
Programming Languages
1 25 (60.98%) Java
2 17 (41.46%) SQL
3 4 (9.76%) JavaScript
4 2 (4.88%) Perl
5 1 (2.44%) C-shell
5 1 (2.44%) Bash Shell
5 1 (2.44%) C++
5 1 (2.44%) Shell Script
Qualifications
1 1 (2.44%) Degree
System Software
1 7 (17.07%) VMware Infrastructure
2 6 (14.63%) NFS
2 6 (14.63%) SRDF
2 6 (14.63%) Oracle RAC
Vendors
1 19 (46.34%) Reuters
2 18 (43.90%) Oracle
3 17 (41.46%) 29West
4 11 (26.83%) Bloomberg
5 9 (21.95%) TIBCO
6 8 (19.51%) VMware
7 7 (17.07%) Citrix
8 6 (14.63%) NetApp
8 6 (14.63%) Sybase
8 6 (14.63%) Cisco
8 6 (14.63%) IBM
8 6 (14.63%) EMC
8 6 (14.63%) Intel
8 6 (14.63%) DataSynapse
9 3 (7.32%) ION Trading
10 2 (4.88%) Red Hat
10 2 (4.88%) MarketAxess
City of London
Huxley Associates
Rate: £600 - £650 per day
Posted: 2 days ago
City, London
McGregor Boyall
Rate: £600 - £650 per day + depending on experience
Posted: 6 days ago
City of London
Huxley Associates
Rate: £700 - £850 per day
Posted: 9 days ago
City of London
Austin Fraser Limited
Rate: NEG
Posted: 24 days ago