The table below looks at the prevalence of the term Swaptions 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 Swaptions over the 3 months to 2 September 2015 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.

Location
3 months to
2 Sep 2015
Same period 2014 Same period 2013
Swaptions
Rank 194 205 221
Rank change year-on-year
+11 +16
Contract jobs citing Swaptions 4 3 6
As % of all contract IT jobs located in the City of London 0.074% 0.051% 0.082%
As % of the Miscellaneous category 0.19% 0.14% 0.21%
Number of daily rates quoted 4 1 6
Average daily rate
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£613 £625 £625
Average daily rate % change year-on-year
-2.00% -
90% offered a daily rate of more than £556 £625 £433
10% offered a daily rate of more than £625 £625 £738
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Swaptions
London

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

Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
2052 2138 2832
As % of all contract IT jobs located in the City of London 38.11% 36.15% 38.57%
Number of daily rates quoted 1638 1502 2083
Average daily rate £475 £475 £500
Average daily rate % change year-on-year
- -5.00%
90% offered a daily rate of more than £295 £300 £300
10% offered a daily rate of more than £650 £650 £625
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 34 48 64
Average hourly rate £19.00 £18.75 £19.50
Average hourly rate % change year-on-year
+1.33% -3.84%
90% offered a hourly rate of more than £12.63 £12.50 £14.50
10% offered a hourly rate of more than £24.23 £36.50 £48.00
UK excluding London average hourly rate £21.50 £20.00 £17.50
% change year-on-year
+7.50% +14.28%

Swaptions
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Swaptions across the City of London region as a proportion of the total demand within the Miscellaneous category.

Swaptions Jobs Demand Trend in the City of London

Swaptions
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 Swaptions across the City of London region.

Swaptions Daily Rate Trend in the City of London

Swaptions
Top 23 Related IT Skills in the City of London

For the 6 months to 2 September 2015, IT contractor jobs across the City of London region citing Swaptions 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 Swaptions.

1 4 (100.00%) C#
1 4 (100.00%) Front Office
2 3 (75.00%) .NET
2 3 (75.00%) WPF
3 2 (50.00%) Finance
3 2 (50.00%) Fixed Income
3 2 (50.00%) TDD
3 2 (50.00%) Banking
3 2 (50.00%) MVVM
3 2 (50.00%) SQL Server
3 2 (50.00%) SQL
3 2 (50.00%) VBA
4 1 (25.00%) C++
4 1 (25.00%) N-Tier
4 1 (25.00%) Murex
4 1 (25.00%) Agile Software Development
4 1 (25.00%) XAML
4 1 (25.00%) Risk Management
4 1 (25.00%) Analytics
4 1 (25.00%) WCF
4 1 (25.00%) WinForms
4 1 (25.00%) Multithreading
4 1 (25.00%) Spreadsheet

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

For the 6 months to 2 September 2015, IT contractor jobs across the City of London region citing Swaptions 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 Swaptions. Up to 20 skills are shown per category.

Applications
1 1 (25.00%) Spreadsheet
Database & Business Intelligence
1 2 (50.00%) SQL Server
General
1 4 (100.00%) Front Office
2 2 (50.00%) Finance
2 2 (50.00%) Banking
Job Titles
1 4 (100.00%) C# Developer
1 4 (100.00%) Developer
2 2 (50.00%) Front Office Developer
3 1 (25.00%) Analyst
3 1 (25.00%) Analyst Developer
3 1 (25.00%) Quantitative Developer
3 1 (25.00%) Quantitative Analyst
3 1 (25.00%) Agile C# Developer
3 1 (25.00%) WPF Developer
Libraries, Frameworks & Software Standards
1 3 (75.00%) .NET
1 3 (75.00%) WPF
2 1 (25.00%) WinForms
2 1 (25.00%) WCF
Miscellaneous
1 2 (50.00%) Fixed Income
2 1 (25.00%) N-Tier
Processes & Methodologies
1 2 (50.00%) TDD
1 2 (50.00%) MVVM
2 1 (25.00%) Analytics
2 1 (25.00%) Multithreading
2 1 (25.00%) Risk Management
2 1 (25.00%) Agile Software Development
Programming Languages
1 4 (100.00%) C#
2 2 (50.00%) SQL
2 2 (50.00%) VBA
3 1 (25.00%) XAML
3 1 (25.00%) C++
Vendors
1 1 (25.00%) Murex