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 3 July 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
3 Jul 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 539 509 465
Rank change year-on-year
-30 -44
Contract jobs citing Interest Rate Derivative 47 46 90
As % of all contract IT jobs located in England 0.093% 0.096% 0.20%
As % of the Miscellaneous category 0.29% 0.30% 0.59%
Number of daily rates quoted 43 39 80
Average daily rate
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of your Daily Rate
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£625 £600 £525
Average daily rate % change year-on-year
+4.16% +14.28%
90% offered a daily rate of more than £450 £430 £500
10% offered a daily rate of more than £650 £700 £658
UK excluding London average daily rate £600 - -
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
16131 15568 15145
As % of all contract IT jobs located in England 31.83% 32.51% 33.94%
Number of daily rates quoted 10260 9669 9171
Average daily rate £420 £411 £425
Average daily rate % change year-on-year
+2.18% -3.29%
90% offered a daily rate of more than £250 £240 £250
10% offered a daily rate of more than £615 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 594 600 658
Average hourly rate £18.71 £21.00 £22.50
Average hourly rate % change year-on-year
-10.90% -6.66%
90% offered a hourly rate of more than £12.25 £12.50 £12.80
10% offered a hourly rate of more than £45.00 £42.50 £44.60
UK excluding London average hourly rate £19.00 £22.50 £20.50
% change year-on-year
-15.55% +9.75%

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 3 July 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 3 July 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 -12 46 £625 +4.16% 6
Yorkshire - 1 £600 -
Interest Rate Derivative
UK

Interest Rate Derivative
Top 30 Related IT Skills in England

For the 6 months to 3 July 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 67 (72.83%) Derivative
2 56 (60.87%) Front Office
3 49 (53.26%) Banking
4 43 (46.74%) Investment Banking
5 41 (44.57%) Finance
6 39 (42.39%) Fixed Income
7 38 (41.30%) SQL
8 32 (34.78%) C#
9 30 (32.61%) Foreign Exchange (FX)
10 28 (30.43%) Business Analysis
11 26 (28.26%) Java
12 20 (21.74%) Scala
13 18 (19.57%) Oracle
14 17 (18.48%) SQL Server
14 17 (18.48%) .NET
14 17 (18.48%) Degree
15 16 (17.39%) Oracle Coherence
15 16 (17.39%) SQL Server 2008
16 15 (16.30%) Credit Derivative
17 14 (15.22%) Agile Software Development
17 14 (15.22%) VBA
17 14 (15.22%) C++
17 14 (15.22%) JMS
17 14 (15.22%) Git (software)
17 14 (15.22%) Analytics
18 13 (14.13%) Multithreading
18 13 (14.13%) Murex
18 13 (14.13%) Back Office
19 12 (13.04%) FpML
19 12 (13.04%) MS Excel

Interest Rate Derivative
Top Related IT Skills in England by Category

For the 6 months to 3 July 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.

Application Platforms
1 16 (17.39%) Oracle Coherence
2 1 (1.09%) MTS
Applications
1 12 (13.04%) MS Excel
2 1 (1.09%) MS Project
Database & Business Intelligence
1 17 (18.48%) SQL Server
2 16 (17.39%) SQL Server 2008
3 12 (13.04%) Oracle Database
4 11 (11.96%) SQL Server 2005
5 9 (9.78%) MS Access
6 5 (5.43%) SQL Server 2012
7 3 (3.26%) SQL Server Integration Services
7 3 (3.26%) SQL Server Reporting Services
8 2 (2.17%) Data Mart
8 2 (2.17%) Data Mining
9 1 (1.09%) OLAP
9 1 (1.09%) Relational Database
9 1 (1.09%) Apache Cassandra
9 1 (1.09%) NoSQL
Development Applications
1 14 (15.22%) Git (software)
2 12 (13.04%) Subversion
2 12 (13.04%) Maven
2 12 (13.04%) TeamCity
3 2 (2.17%) JUnit
3 2 (2.17%) Eclipse
3 2 (2.17%) Gradle
4 1 (1.09%) Jenkins
4 1 (1.09%) Ant
General
1 56 (60.87%) Front Office
2 49 (53.26%) Banking
3 43 (46.74%) Investment Banking
4 41 (44.57%) Finance
5 13 (14.13%) Back Office
6 8 (8.70%) Financial Institution
7 1 (1.09%) French Language
7 1 (1.09%) Retail
Job Titles
1 53 (57.61%) Developer
2 23 (25.00%) Analyst
3 20 (21.74%) Business Analyst
4 17 (18.48%) Java Developer
5 10 (10.87%) Senior Developer
6 8 (8.70%) C++ Developer
6 8 (8.70%) SQL Developer
7 7 (7.61%) C# Developer
7 7 (7.61%) SQL Server Developer
8 6 (6.52%) Senior C++ Developer
8 6 (6.52%) Front Office Developer
9 5 (5.43%) Project Manager
9 5 (5.43%) WPF Developer
10 4 (4.35%) Junior
10 4 (4.35%) Graduate
11 3 (3.26%) Graduate Developer
11 3 (3.26%) Quantitative Developer
11 3 (3.26%) Junior Developer
11 3 (3.26%) Database Developer
11 3 (3.26%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 17 (18.48%) .NET
2 14 (15.22%) JMS
3 12 (13.04%) RESTful
3 12 (13.04%) FpML
4 8 (8.70%) WPF
5 7 (7.61%) XML
6 6 (6.52%) STL
6 6 (6.52%) Boost C++ Libraries
7 4 (4.35%) Murex MxML
8 3 (3.26%) HTML5
8 3 (3.26%) HTML
9 2 (2.17%) Middleware
10 1 (1.09%) Rendezvous
10 1 (1.09%) COM+
10 1 (1.09%) Reactive Extensions
10 1 (1.09%) AngularJS
Miscellaneous
1 67 (72.83%) Derivative
2 39 (42.39%) Fixed Income
3 30 (32.61%) Foreign Exchange (FX)
4 15 (16.30%) Credit Derivative
5 10 (10.87%) Analytical Skills
6 8 (8.70%) Equity Derivative
6 8 (8.70%) Mathematics
7 7 (7.61%) Market Risk
8 6 (6.52%) Grid Computing
9 5 (5.43%) Hedge funds
10 3 (3.26%) Computer Science
11 2 (2.17%) Swaptions
11 2 (2.17%) DTCC
12 1 (1.09%) Equities
12 1 (1.09%) Economics
12 1 (1.09%) User Experience
12 1 (1.09%) Visualisation
12 1 (1.09%) Data Structures
12 1 (1.09%) Algorithms
Operating Systems
1 4 (4.35%) UNIX
2 3 (3.26%) Linux
3 2 (2.17%) Windows
Processes & Methodologies
1 28 (30.43%) Business Analysis
2 14 (15.22%) Agile Software Development
2 14 (15.22%) Analytics
3 13 (14.13%) Multithreading
4 12 (13.04%) Workflow
4 12 (13.04%) RAD
5 9 (9.78%) Risk Analysis
6 8 (8.70%) Technical Architecture
7 6 (6.52%) Asset Management
7 6 (6.52%) Data Management
8 5 (5.43%) Fund Management
8 5 (5.43%) Time Management
9 4 (4.35%) Migration
9 4 (4.35%) Project Management
9 4 (4.35%) Functional Programming
9 4 (4.35%) MVVM
10 3 (3.26%) Data Architecture
10 3 (3.26%) Data Virtualisation
10 3 (3.26%) Data Modelling
10 3 (3.26%) UML
Programming Languages
1 38 (41.30%) SQL
2 32 (34.78%) C#
3 26 (28.26%) Java
4 20 (21.74%) Scala
5 14 (15.22%) C++
5 14 (15.22%) VBA
6 11 (11.96%) T-SQL
7 7 (7.61%) Python
8 4 (4.35%) R
9 3 (3.26%) Perl
10 2 (2.17%) VB
11 1 (1.09%) MATLAB
11 1 (1.09%) APL
Qualifications
1 17 (18.48%) Degree
2 1 (1.09%) PhD
2 1 (1.09%) A+ Certification
Quality Assurance & Compliance
1 3 (3.26%) EMIR
2 2 (2.17%) Dodd-Frank
3 1 (1.09%) Basel II
3 1 (1.09%) MiFID
Vendors
1 18 (19.57%) Oracle
2 13 (14.13%) Murex
3 11 (11.96%) Tradeweb
4 5 (5.43%) Sybase
5 1 (1.09%) Microsoft
5 1 (1.09%) Software AG
5 1 (1.09%) TIBCO
5 1 (1.09%) Bloomberg
5 1 (1.09%) eSpeed
5 1 (1.09%) Perforce
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Rate: £250 - £275 per day
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