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 21 October 2014 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
21 Oct 2014
Same period 2013 Same period 2012
Swaptions
Rank 201 221 218
Rank change year-on-year
+20 -3
Contract jobs citing Swaptions 1 3 1
As % of all contract IT jobs located in the City of London 0.017% 0.041% 0.013%
As % of the Miscellaneous category 0.049% 0.11% 0.035%
Number of daily rates quoted 0 3 1
Average daily rate
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- £700 £650
Average daily rate % change year-on-year
- +7.69%
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
2053 2755 2829
As % of all contract IT jobs located in the City of London 34.57% 37.79% 38.06%
Number of daily rates quoted 1545 2076 2101
Average daily rate £470 £475 £498
Average daily rate % change year-on-year
-1.05% -4.52%
90% offered a daily rate of more than £285 £296 £275
10% offered a daily rate of more than £650 £625 £650
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 36 49 66
Average hourly rate £15.50 £19.50 £22.00
Average hourly rate % change year-on-year
-20.51% -11.36%
90% offered a hourly rate of more than £10.50 £13.50 £12.95
10% offered a hourly rate of more than £21.60 £34.85 £39.65
UK excluding London average hourly rate £17.50 £17.69 £22.50
% change year-on-year
-1.07% -21.37%

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 30 Related IT Skills in the City of London

For the 6 months to 21 October 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 4 (50.00%) SQL
1 4 (50.00%) Banking
1 4 (50.00%) Investment Banking
2 3 (37.50%) Agile Software Development
2 3 (37.50%) Waterfall
2 3 (37.50%) Analytics
3 2 (25.00%) Credit Risk
3 2 (25.00%) Derivative
3 2 (25.00%) Interest Rate Derivative
3 2 (25.00%) Fixed Income
3 2 (25.00%) Data Modelling
3 2 (25.00%) Analytical Skills
4 1 (12.50%) Business Analysis
4 1 (12.50%) RDBMS
4 1 (12.50%) Foreign Exchange (FX)
4 1 (12.50%) Endur
4 1 (12.50%) Oracle
4 1 (12.50%) SQL Server
4 1 (12.50%) Sybase
4 1 (12.50%) OO
4 1 (12.50%) Python
4 1 (12.50%) Front Office
4 1 (12.50%) Finance
4 1 (12.50%) Validation
4 1 (12.50%) Migration
4 1 (12.50%) Retail
4 1 (12.50%) Data Analysis
4 1 (12.50%) Market Risk
4 1 (12.50%) Data Migration
4 1 (12.50%) Monte Carlo Method

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

For the 6 months to 21 October 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.

Business Applications
1 1 (12.50%) Endur
Database & Business Intelligence
1 1 (12.50%) SQL Server
1 1 (12.50%) RDBMS
1 1 (12.50%) Relational Database
General
1 4 (50.00%) Banking
1 4 (50.00%) Investment Banking
2 1 (12.50%) Retail
2 1 (12.50%) Front Office
2 1 (12.50%) Finance
Job Titles
1 4 (50.00%) Analyst
1 4 (50.00%) Business Analyst
2 1 (12.50%) Developer
2 1 (12.50%) Consultant
2 1 (12.50%) Data Analyst
2 1 (12.50%) Credit Analyst
2 1 (12.50%) Credit Risk Business Analyst
2 1 (12.50%) Risk Analyst
2 1 (12.50%) Credit Risk Analyst
2 1 (12.50%) Investment Banking Business Analyst
2 1 (12.50%) Business Data Analyst
2 1 (12.50%) Test Leader
Miscellaneous
1 2 (25.00%) Fixed Income
1 2 (25.00%) Derivative
1 2 (25.00%) Interest Rate Derivative
1 2 (25.00%) Credit Risk
1 2 (25.00%) Analytical Skills
2 1 (12.50%) Foreign Exchange (FX)
2 1 (12.50%) Market Risk
Processes & Methodologies
1 3 (37.50%) Agile Software Development
1 3 (37.50%) Waterfall
1 3 (37.50%) Analytics
2 2 (25.00%) Data Modelling
3 1 (12.50%) Validation
3 1 (12.50%) Migration
3 1 (12.50%) Quantitative Risk Management
3 1 (12.50%) Data Analysis
3 1 (12.50%) Business Analysis
3 1 (12.50%) Data Migration
3 1 (12.50%) Monte Carlo Method
3 1 (12.50%) OO
Programming Languages
1 4 (50.00%) SQL
2 1 (12.50%) Python
Vendors
1 1 (12.50%) Oracle
1 1 (12.50%) Sybase