The first 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 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 terms in our Miscellaneous 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
Swaptions
Rank 189 218 223
Rank change year-on-year
+29 +5
Contract jobs citing Swaptions 7 7 4
As % of all contract IT jobs located in the City of London 0.12% 0.098% 0.051%
As % of the Miscellaneous category 0.39% 0.30% 0.16%
Number of daily rates quoted 6 7 4
Average daily rate
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£550 £550 £625
Average daily rate % change year-on-year
- -12.00%
90% offered a daily rate of more than £438 £451 £608
10% offered a daily rate of more than £613 £650 £660
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
1787 2343 2515
As % of all contract IT jobs located in the City of London 30.85% 32.96% 32.11%
Number of daily rates quoted 1293 1707 1933
Average daily rate £475 £500 £500
Average daily rate % change year-on-year
-5.00% -
90% offered a daily rate of more than £275 £301 £300
10% offered a daily rate of more than £650 £650 £650
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 38 61 50
Average hourly rate £20.19 £22.00 £20.50
Average hourly rate % change year-on-year
-8.23% +7.31%
90% offered a hourly rate of more than £12.50 £15.25 £13.08
10% offered a hourly rate of more than £45.00 £50.25 £35.00
UK excluding London average hourly rate £21.00 £20.50 £26.00
% change year-on-year
+2.43% -21.15%
Swaptions
London

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
Daily Rate Histogram in the City of London

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

Swaptions Daily Rate Histogram in the City of London

Swaptions
Top 22 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 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 6 (60.00%) SQL
1 6 (60.00%) Banking
1 6 (60.00%) Investment Banking
2 5 (50.00%) Waterfall
2 5 (50.00%) Analytics
3 4 (40.00%) Agile Software Development
3 4 (40.00%) Finance
4 2 (20.00%) Validation
4 2 (20.00%) Fixed Income
4 2 (20.00%) Quantitative Risk Management
4 2 (20.00%) Monte Carlo Method
4 2 (20.00%) Derivative
4 2 (20.00%) Interest Rate Derivative
5 1 (10.00%) Credit Risk
5 1 (10.00%) Business Analysis
5 1 (10.00%) Retail
5 1 (10.00%) Data Analysis
5 1 (10.00%) Front Office
5 1 (10.00%) OO
5 1 (10.00%) Python
5 1 (10.00%) Data Modelling
5 1 (10.00%) Foreign Exchange (FX)

Swaptions
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 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.

General
1 6 (60.00%) Banking
1 6 (60.00%) Investment Banking
2 4 (40.00%) Finance
3 1 (10.00%) Front Office
3 1 (10.00%) Retail
Job Titles
1 6 (60.00%) Analyst
1 6 (60.00%) Business Analyst
2 1 (10.00%) Developer
2 1 (10.00%) Data Analyst
2 1 (10.00%) Credit Analyst
2 1 (10.00%) Credit Risk Business Analyst
2 1 (10.00%) Risk Analyst
2 1 (10.00%) Credit Risk Analyst
2 1 (10.00%) Investment Banking Business Analyst
2 1 (10.00%) Business Data Analyst
2 1 (10.00%) Test Leader
Miscellaneous
1 2 (20.00%) Fixed Income
1 2 (20.00%) Derivative
1 2 (20.00%) Interest Rate Derivative
2 1 (10.00%) Credit Risk
2 1 (10.00%) Foreign Exchange (FX)
Processes & Methodologies
1 5 (50.00%) Waterfall
1 5 (50.00%) Analytics
2 4 (40.00%) Agile Software Development
3 2 (20.00%) Quantitative Risk Management
3 2 (20.00%) Validation
3 2 (20.00%) Monte Carlo Method
4 1 (10.00%) Data Analysis
4 1 (10.00%) Business Analysis
4 1 (10.00%) OO
4 1 (10.00%) Data Modelling
Programming Languages
1 6 (60.00%) SQL
2 1 (10.00%) Python