The first table below looks at the demand 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 24 May 2013 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 Processes & Methodologies 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
24 May 2013
Same period 2012 Same period 2011
Straight-Through Processing
Rank 196 203 238
Rank change year-on-year
+7 +35
Contract jobs citing Straight-Through Processing 7 15 7
As % of all contract IT jobs located in the City of London 0.110% 0.191% 0.071%
As % of the Processes & Methodologies category 0.149% 0.266% 0.100%
Number of daily rates quoted 6 10 2
Average daily rate £539 £450 £488
Average daily rate % change year-on-year
+19.72% -7.69%
90% offered a daily rate of more than £513 £424 £438
10% offered a daily rate of more than £550 £688 £538
UK excluding London average daily rate £510 £413 £363
% change year-on-year
+23.63% +13.79%
Number of hourly rates quoted 0 1 0
Average hourly rate - £50.00 -
UK excluding London average hourly rate - - -
All Processes & Methodologies
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
4690 5642 7035
As % of all contract IT jobs located in the City of London 73.52% 71.74% 71.82%
Number of daily rates quoted 3529 4083 5194
Average daily rate £450 £463 £500
Average daily rate % change year-on-year
-2.70% -7.50%
90% offered a daily rate of more than £313 £300 £325
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £365 £365 £375
% change year-on-year
- -2.66%
Number of hourly rates quoted 80 98 100
Average hourly rate £41.50 £24.00 £25.00
Average hourly rate % change year-on-year
+72.91% -4.00%
90% offered a hourly rate of more than £17.20 £15.00 £14.50
10% offered a hourly rate of more than £135.00 £47.50 £50.50
UK excluding London average hourly rate £30.00 £25.00 £29.50
% change year-on-year
+20.00% -15.25%
Straight-Through Processing
London

Straight-Through Processing
Jobs Demand Trend

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.

City of London Straight-Through Processing Jobs Demand Trend

Straight-Through Processing
Daily Rate Trend

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.

City of London Straight-Through Processing Daily Rate Trend

Straight-Through Processing
Hourly Rate Trend

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.

City of London Straight-Through Processing Hourly Rate Trend

Straight-Through Processing
Top 30 Related IT Skills

For the 6 months to 24 May 2013, 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 11 (68.75%) E-Commerce
2 9 (56.25%) Banking
3 8 (50.00%) Foreign Exchange (FX)
4 7 (43.75%) Multithreading
5 6 (37.50%) Cash Management
6 5 (31.25%) Investment Banking
6 5 (31.25%) Linux
7 4 (25.00%) C++
7 4 (25.00%) Java
7 4 (25.00%) SQL
7 4 (25.00%) FLEXCUBE
8 3 (18.75%) Windows
8 3 (18.75%) Middleware
9 2 (12.50%) TIBCO
9 2 (12.50%) Swing
9 2 (12.50%) Front Office
9 2 (12.50%) Oracle
9 2 (12.50%) JDBC
9 2 (12.50%) UNIX
9 2 (12.50%) Finance
9 2 (12.50%) User Acceptance Testing
9 2 (12.50%) Performance Testing
9 2 (12.50%) SWIFT
10 1 (6.250%) Spring
10 1 (6.250%) Integration Testing
10 1 (6.250%) Test Management
10 1 (6.250%) Asset Management
10 1 (6.250%) JRules
10 1 (6.250%) MultiFonds
10 1 (6.250%) Boost C++ Libraries

Straight-Through Processing
Top Related IT Skills by Category

For the 6 months to 24 May 2013, 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.

Application Development
1 3 (18.75%) Middleware
2 2 (12.50%) Swing
2 2 (12.50%) JDBC
3 1 (6.250%) Spring
3 1 (6.250%) JRules
3 1 (6.250%) Boost C++ Libraries
3 1 (6.250%) WinForms
3 1 (6.250%) Java SE
3 1 (6.250%) STL
3 1 (6.250%) Web Services
3 1 (6.250%) XML
3 1 (6.250%) XSLT
3 1 (6.250%) EJB
Applications
1 1 (6.250%) MS Visio
Business Applications
1 4 (25.00%) FLEXCUBE
2 1 (6.250%) MultiFonds
Development Applications
1 1 (6.250%) ClearCase
General
1 9 (56.25%) Banking
2 5 (31.25%) Investment Banking
3 2 (12.50%) Front Office
3 2 (12.50%) Finance
Job Titles
1 8 (50.00%) Developer
2 5 (31.25%) Analyst
3 4 (25.00%) Business Analyst
3 4 (25.00%) C++ Developer
4 3 (18.75%) Java Developer
5 2 (12.50%) Java Swing Developer
6 1 (6.250%) Functional Architect
6 1 (6.250%) Report Analyst
6 1 (6.250%) Test Coordinator
6 1 (6.250%) C# Developer
6 1 (6.250%) Implementation Consultant
6 1 (6.250%) Consultant
6 1 (6.250%) Coordinator
6 1 (6.250%) Architect
Miscellaneous
1 8 (50.00%) Foreign Exchange (FX)
2 2 (12.50%) SWIFT
3 1 (6.250%) Data Extraction
3 1 (6.250%) Mathematics
3 1 (6.250%) Physics
3 1 (6.250%) Computer Science
3 1 (6.250%) Mainframe
Operating Systems
1 5 (31.25%) Linux
2 3 (18.75%) Windows
3 2 (12.50%) UNIX
Processes & Methodologies
1 11 (68.75%) E-Commerce
2 7 (43.75%) Multithreading
3 6 (37.50%) Cash Management
4 2 (12.50%) User Acceptance Testing
4 2 (12.50%) Performance Testing
5 1 (6.250%) Integration Testing
5 1 (6.250%) Test Management
5 1 (6.250%) Asset Management
5 1 (6.250%) Waterfall
5 1 (6.250%) Investment Management
5 1 (6.250%) Time Management
5 1 (6.250%) TDD
5 1 (6.250%) Systems Analysis
5 1 (6.250%) UML
5 1 (6.250%) OO
5 1 (6.250%) Workflow
5 1 (6.250%) Regression Testing
Programming Languages
1 4 (25.00%) C++
1 4 (25.00%) Java
1 4 (25.00%) SQL
2 1 (6.250%) XPath
2 1 (6.250%) C#
2 1 (6.250%) XQuery
Qualifications
1 1 (6.250%) Degree
Quality Assurance & Compliance
1 1 (6.250%) Basel III
Systems Management
1 1 (6.250%) HP Quality Center
Vendors
1 2 (12.50%) TIBCO
1 2 (12.50%) Oracle
2 1 (6.250%) HP
2 1 (6.250%) Sybase
City of London
What the role will entail: This role is recruiting for a multi-threaded C++ Linux developer to join an existing team focused on building out the functionality and...
Real Staffing
Rate: £400 - £600 per day
Posted: 21 May 2013
City, London
Keywords: Business Analyst, Derivatives, JIRA, OTC, Over The Counter, STP, Straight Through Processing, Financial Services, Investment Banking, Brokerage, Exchange, Contract, Project Manager An award winning world leading financial...
Harrington Starr
Rate: £450 - £530 per day + 12 Months
Posted: 21 May 2013