The table below looks at the prevalence of the term Interest Rate Derivative in IT contracts advertised for the England region. Included is a guide to the average contractor rates offered in IT contracts that have cited Interest Rate Derivative over the 3 months to 27 January 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
27 Jan 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 523 488 411
Rank change year-on-year
-35 -77
Contract jobs citing Interest Rate Derivative 32 46 97
As % of all contract IT jobs located in England 0.069% 0.10% 0.24%
As % of the Miscellaneous category 0.23% 0.33% 0.77%
Number of daily rates quoted 31 41 86
Average daily rate
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of your Daily Rate
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£600 £550 £600
Average daily rate % change year-on-year
+9.09% -8.33%
90% offered a daily rate of more than £525 £400 £475
10% offered a daily rate of more than £650 £750 £650
UK excluding London average daily rate - £450 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Interest Rate Derivative
UK

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

Miscellaneous Category
England
Contract IT job ads with a match in the
Miscellaneous category
14113 13986 12675
As % of all contract IT jobs located in England 30.53% 31.42% 30.78%
Number of daily rates quoted 9002 8775 7703
Average daily rate £425 £410 £410
Average daily rate % change year-on-year
+3.65% -
90% offered a daily rate of more than £250 £230 £240
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £365 £350 £338
% change year-on-year
+4.28% +3.70%
Number of hourly rates quoted 577 566 759
Average hourly rate £18.50 £21.00 £20.00
Average hourly rate % change year-on-year
-11.90% +5.00%
90% offered a hourly rate of more than £11.38 £11.51 £12.00
10% offered a hourly rate of more than £42.50 £42.50 £41.00
UK excluding London average hourly rate £18.38 £17.93 £20.00
% change year-on-year
+2.48% -10.35%

Interest Rate Derivative
Jobs Demand Trend in England

This chart provides a 3-month moving total of IT contractor jobs citing Interest Rate Derivative across the England region as a proportion of the total demand within the Miscellaneous category.

Interest Rate Derivative Jobs Demand Trend in England

Interest Rate Derivative
Daily Rate Trend in England

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Interest Rate Derivative across the England region.

Interest Rate Derivative Daily Rate Trend in England

Interest Rate Derivative
Daily Rate Histogram in England

This chart provides a histogram of daily rates quoted in contract IT jobs citing Interest Rate Derivative across the England region over the 3 months to 27 January 2015.

Interest Rate Derivative Daily Rate Histogram in England

Interest Rate Derivative
Hourly Rate Trend in England

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Interest Rate Derivative across the England region.

Interest Rate Derivative Hourly Rate Trend in England

Interest Rate Derivative
Contract Job Locations in England

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Interest Rate Derivative within the England region over the 3 months to 27 January 2015. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London -22 32 £600 +9.09% 7
Interest Rate Derivative
UK

Interest Rate Derivative
Top 30 Related IT Skills in England

For the 6 months to 27 January 2015, IT contractor jobs across the England region citing Interest Rate Derivative 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 Interest Rate Derivative.

1 71 (98.61%) Derivative
2 42 (58.33%) Finance
3 38 (52.78%) Front Office
4 33 (45.83%) Foreign Exchange (FX)
4 33 (45.83%) XML
5 32 (44.44%) SQL
6 30 (41.67%) Fixed Income
6 30 (41.67%) Analytics
7 26 (36.11%) C++
8 25 (34.72%) Credit Derivative
9 23 (31.94%) Banking
9 23 (31.94%) C#
10 22 (30.56%) STL
10 22 (30.56%) Boost C++ Libraries
11 20 (27.78%) Investment Banking
11 20 (27.78%) Oracle
12 19 (26.39%) Grid Computing
12 19 (26.39%) Risk Analysis
13 18 (25.00%) Windows
13 18 (25.00%) Murex
14 16 (22.22%) .NET
15 15 (20.83%) Data Modelling
15 15 (20.83%) UML
15 15 (20.83%) Equity Derivative
16 14 (19.44%) Data Architecture
16 14 (19.44%) Python
17 13 (18.06%) MS Excel
17 13 (18.06%) Microsoft
17 13 (18.06%) Financial Institution
17 13 (18.06%) Agile Software Development

Interest Rate Derivative
Top Related IT Skills in England by Category

For the 6 months to 27 January 2015, IT contractor jobs across the England region citing Interest Rate Derivative 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 Interest Rate Derivative. Up to 20 skills are shown per category.

Applications
1 13 (18.06%) MS Excel
2 12 (16.67%) Spreadsheet
2 12 (16.67%) MS Project
3 1 (1.39%) MS PowerPoint
3 1 (1.39%) MS Visio
Business Applications
1 1 (1.39%) Summit
Database & Business Intelligence
1 4 (5.56%) Oracle Database
2 3 (4.17%) Relational Database
2 3 (4.17%) Oracle Database 10g
3 2 (2.78%) SQL Server
4 1 (1.39%) Oracle Database 11g
4 1 (1.39%) Data Mining
Development Applications
1 5 (6.94%) JIRA
2 4 (5.56%) Visual Studio
2 4 (5.56%) Subversion
3 1 (1.39%) CppUnit
General
1 42 (58.33%) Finance
2 38 (52.78%) Front Office
3 23 (31.94%) Banking
4 20 (27.78%) Investment Banking
5 13 (18.06%) Financial Institution
6 5 (6.94%) Back Office
Job Titles
1 30 (41.67%) Developer
2 18 (25.00%) Analyst
3 12 (16.67%) Data Modeller
4 11 (15.28%) Lead Developer
4 11 (15.28%) Technical Developer
4 11 (15.28%) Technical Leader
5 10 (13.89%) C++ Developer
5 10 (13.89%) Business Analyst
6 7 (9.72%) Murex Analyst
6 7 (9.72%) C# Developer
7 6 (8.33%) Murex Support Analyst
7 6 (8.33%) Support Analyst
7 6 (8.33%) Murex Support
8 5 (6.94%) Contracts Manager
8 5 (6.94%) C++/C# Developer
8 5 (6.94%) Test Manager
9 3 (4.17%) SQL Developer
9 3 (4.17%) Data Architect
9 3 (4.17%) Senior Developer
9 3 (4.17%) Architect
Libraries, Frameworks & Software Standards
1 33 (45.83%) XML
2 22 (30.56%) STL
2 22 (30.56%) Boost C++ Libraries
3 16 (22.22%) .NET
4 12 (16.67%) FpML
5 7 (9.72%) Murex MxML
6 3 (4.17%) XSLT
7 1 (1.39%) Spring
Miscellaneous
1 71 (98.61%) Derivative
2 33 (45.83%) Foreign Exchange (FX)
3 30 (41.67%) Fixed Income
4 25 (34.72%) Credit Derivative
5 19 (26.39%) Grid Computing
6 15 (20.83%) Equity Derivative
7 2 (2.78%) Analytical Skills
8 1 (1.39%) Economics
8 1 (1.39%) Open Source
8 1 (1.39%) Reference Data
8 1 (1.39%) Credit Risk
8 1 (1.39%) DTCC
8 1 (1.39%) Mathematics
8 1 (1.39%) Computer Science
Operating Systems
1 18 (25.00%) Windows
2 12 (16.67%) Windows 7
3 7 (9.72%) UNIX
4 1 (1.39%) Windows Server 2008
4 1 (1.39%) Windows Server 2003
Processes & Methodologies
1 30 (41.67%) Analytics
2 19 (26.39%) Risk Analysis
3 15 (20.83%) Data Modelling
3 15 (20.83%) UML
4 14 (19.44%) Data Architecture
5 13 (18.06%) Agile Software Development
6 12 (16.67%) Project Planning
7 8 (11.11%) Risk Management
7 8 (11.11%) Business Analysis
8 6 (8.33%) Workflow
9 5 (6.94%) Software Testing
9 5 (6.94%) Test Management
10 4 (5.56%) Regression Testing
10 4 (5.56%) Unit Testing
11 3 (4.17%) Data Analysis
11 3 (4.17%) Requirements Analysis
12 2 (2.78%) Project Management
12 2 (2.78%) Multithreading
12 2 (2.78%) Greeks
12 2 (2.78%) Data Governance
Programming Languages
1 32 (44.44%) SQL
2 26 (36.11%) C++
3 23 (31.94%) C#
4 14 (19.44%) Python
5 8 (11.11%) Perl
6 3 (4.17%) VBA
6 3 (4.17%) VC++
7 2 (2.78%) Java
8 1 (1.39%) Scala
8 1 (1.39%) PowerShell
Qualifications
1 5 (6.94%) ISEB Practitioner
1 5 (6.94%) Degree
1 5 (6.94%) ISEB
Quality Assurance & Compliance
1 1 (1.39%) EMIR
1 1 (1.39%) Data Quality
1 1 (1.39%) Basel II
Systems Management
1 5 (6.94%) HP Quality Center
Vendors
1 20 (27.78%) Oracle
2 18 (25.00%) Murex
3 13 (18.06%) Microsoft
4 7 (9.72%) Sybase
5 5 (6.94%) Tradeweb
5 5 (6.94%) Calypso
5 5 (6.94%) HP
6 2 (2.78%) DataSynapse
7 1 (1.39%) TIBCO
7 1 (1.39%) Business Objects
7 1 (1.39%) MicroStrategy
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