The table below looks at the statistics for Straight-Through Processing 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 Straight-Through Processing over the 3 months to 29 April 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.

3 months to
29 Apr 2016
Same period 2015 Same period 2014
Straight-Through Processing
Rank 154 198 212
Rank change year-on-year
+44 +14
Contract jobs citing Straight-Through Processing 3 2 6
As % of all contract IT jobs located in the City of London 0.086% 0.037% 0.097%
As % of the Processes & Methodologies category 0.10% 0.045% 0.12%
Number of daily rates quoted 3 2 4
Average daily rate £638 £615 £338
Average daily rate % change year-on-year
+3.65% +82.22%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Straight-Through Processing
London

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised in the City of London region.

Processes & Methodologies Category
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
2957 4410 4960
As % of all contract IT jobs located in the City of London 84.70% 80.65% 79.78%
Number of daily rates quoted 2396 3433 3638
Average daily rate £475 £463 £450
Average daily rate % change year-on-year
+2.70% +2.77%
90% offered a daily rate of more than £330 £320 £300
10% offered a daily rate of more than £625 £601 £625
UK excluding London average daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 26 39 47
Average hourly rate £19.00 £27.37 £24.00
Average hourly rate % change year-on-year
-30.58% +14.04%
90% offered a hourly rate of more than £16.75 £14.55 £12.95
10% offered a hourly rate of more than £41.26 £92.50 £47.50
UK excluding London average hourly rate £36.00 £30.50 £31.50
% change year-on-year
+18.03% -3.17%

Straight-Through Processing
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Straight-Through Processing across the City of London region as a proportion of the total demand within the Processes & Methodologies category.

Straight-Through Processing Jobs Demand Trend in the City of London

Straight-Through Processing
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 Straight-Through Processing across the City of London region.

Straight-Through Processing Daily Rate Trend in the City of London

Straight-Through Processing
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 Straight-Through Processing across the City of London region.

Straight-Through Processing Hourly Rate Trend in the City of London

Straight-Through Processing
Top 18 Related IT Skills in the City of London

For the 6 months to 29 April 2016, IT contractor jobs across the City of London region citing Straight-Through Processing 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 Straight-Through Processing.

1 3 (100.00%) Fixed Income
2 2 (66.67%) ION Trading
2 2 (66.67%) Credit Derivative
2 2 (66.67%) Spring
2 2 (66.67%) Derivative
2 2 (66.67%) Java
2 2 (66.67%) SQL
2 2 (66.67%) Front Office
2 2 (66.67%) Low Latency
2 2 (66.67%) ION MarketView
2 2 (66.67%) Spring Integration
3 1 (33.33%) Analytical Skills
3 1 (33.33%) Foreign Exchange (FX)
3 1 (33.33%) Degree
3 1 (33.33%) Computer Science
3 1 (33.33%) Wealth Management
3 1 (33.33%) Asset Management
3 1 (33.33%) Equities

Straight-Through Processing
Top Related IT Skills in the City of London by Category

For the 6 months to 29 April 2016, IT contractor jobs across the City of London region citing Straight-Through Processing 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 Straight-Through Processing. Up to 20 skills are shown per category.

Business Applications
1 2 (66.67%) ION MarketView
General
1 2 (66.67%) Front Office
Job Titles
1 2 (66.67%) Developer
1 2 (66.67%) Front Office Developer
1 2 (66.67%) Java Developer
1 2 (66.67%) Lead Developer
1 2 (66.67%) Lead Java Developer
2 1 (33.33%) Analyst
2 1 (33.33%) Asset Management Analyst
2 1 (33.33%) Asset Management Business Analyst
2 1 (33.33%) Business Analyst
2 1 (33.33%) FX Business Analyst
2 1 (33.33%) Wealth Management Business Analyst
Libraries, Frameworks & Software Standards
1 2 (66.67%) Spring
1 2 (66.67%) Spring Integration
Miscellaneous
1 3 (100.00%) Fixed Income
2 2 (66.67%) Credit Derivative
2 2 (66.67%) Derivative
3 1 (33.33%) Analytical Skills
3 1 (33.33%) Computer Science
3 1 (33.33%) Equities
3 1 (33.33%) Foreign Exchange (FX)
Processes & Methodologies
1 2 (66.67%) Low Latency
2 1 (33.33%) Asset Management
2 1 (33.33%) Wealth Management
Programming Languages
1 2 (66.67%) Java
1 2 (66.67%) SQL
Qualifications
1 1 (33.33%) Degree
Vendors
1 2 (66.67%) ION Trading