The table below looks at the prevalence of the term Derivative in IT contracts advertised for the Glasgow region. Included is a guide to the average contractor rates offered in IT contracts that have cited Derivative over the 3 months to 3 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
3 Sep 2015
Same period 2014 Same period 2013
Derivatives
Rank 39 73 50
Rank change year-on-year
+34 -23
Contract jobs citing Derivative 28 6 6
As % of all contract IT jobs located in Glasgow 3.08% 0.69% 0.92%
As % of the Miscellaneous category 10.73% 2.58% 3.02%
Number of daily rates quoted 8 3 4
Average daily rate
Keep up to 90%
of your Daily Rate
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£335 £425 £475
Average daily rate % change year-on-year
-21.17% -10.52%
90% offered a daily rate of more than £235 £405 £415
10% offered a daily rate of more than £346 £425 £518
UK excluding London average daily rate £500 £375 £450
% change year-on-year
+33.33% -16.66%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - £90.00
Derivative
Scotland

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

Miscellaneous Category
Glasgow
Contract IT job ads with a match in the
Miscellaneous category
261 233 199
As % of all contract IT jobs located in Glasgow 28.68% 26.72% 30.43%
Number of daily rates quoted 122 116 102
Average daily rate £340 £344 £400
Average daily rate % change year-on-year
-1.09% -14.06%
90% offered a daily rate of more than £250 £247 £168
10% offered a daily rate of more than £450 £450 £500
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 3 4 6
Average hourly rate £65.00 £50.00 £11.00
Average hourly rate % change year-on-year
+30.00% +354.54%
90% offered a hourly rate of more than £54.50 £16.81 £9.25
10% offered a hourly rate of more than £70.25 £94.00 £17.50
UK excluding London average hourly rate £21.76 £20.00 £17.50
% change year-on-year
+8.81% +14.28%

Derivative
Jobs Demand Trend in Glasgow

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

Derivative Jobs Demand Trend in Glasgow

Derivative
Daily Rate Trend in Glasgow

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

Derivative Daily Rate Trend in Glasgow

Derivative
Daily Rate Histogram in Glasgow

This chart provides a histogram of daily rates quoted in contract IT jobs citing Derivative across the Glasgow region over the 3 months to 3 September 2015.

Derivative Daily Rate Histogram in Glasgow

Derivative
Top 30 Related IT Skills in Glasgow

For the 6 months to 3 September 2015, IT contractor jobs across the Glasgow region citing 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 Derivative.

1 28 (68.29%) Equity Derivative
2 27 (65.85%) SQL
3 26 (63.41%) Java
4 24 (58.54%) Finance
5 17 (41.46%) UNIX
6 16 (39.02%) Banking
7 14 (34.15%) C#
8 12 (29.27%) Sybase
8 12 (29.27%) Linux
8 12 (29.27%) Shell Script
9 11 (26.83%) Analytical Skills
10 10 (24.39%) C++
11 9 (21.95%) T-SQL
11 9 (21.95%) J2EE
11 9 (21.95%) Sybase IQ
11 9 (21.95%) Investment Banking
11 9 (21.95%) Sybase ASE
11 9 (21.95%) Performance Tuning
11 9 (21.95%) System Testing
12 8 (19.51%) Front Office
12 8 (19.51%) Python
12 8 (19.51%) .NET
12 8 (19.51%) Perl
13 6 (14.63%) Market Risk
14 5 (12.20%) WPF
14 5 (12.20%) FIX Protocol
14 5 (12.20%) Equities
14 5 (12.20%) Analytics
15 4 (9.76%) User Experience
15 4 (9.76%) Unit Testing

Derivative
Top Related IT Skills in Glasgow by Category

For the 6 months to 3 September 2015, IT contractor jobs across the Glasgow region citing 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 Derivative. Up to 20 skills are shown per category.

Business Applications
1 3 (7.32%) LatentZero
1 3 (7.32%) Front Arena
1 3 (7.32%) thinkFolio
1 3 (7.32%) Eagle PACE
1 3 (7.32%) Markit EDM
Database & Business Intelligence
1 9 (21.95%) Sybase IQ
1 9 (21.95%) Sybase ASE
2 4 (9.76%) KDB
3 1 (2.44%) Relational Database
3 1 (2.44%) DB2
3 1 (2.44%) Data Warehouse
Development Applications
1 3 (7.32%) HP UFT
General
1 24 (58.54%) Finance
2 16 (39.02%) Banking
3 9 (21.95%) Investment Banking
4 8 (19.51%) Front Office
5 4 (9.76%) Legal
Job Titles
1 20 (48.78%) Developer
2 14 (34.15%) Analyst
3 12 (29.27%) Java Developer
4 8 (19.51%) SQL Developer
5 7 (17.07%) Business Analyst
6 6 (14.63%) Test Analyst
6 6 (14.63%) Systems Engineer
6 6 (14.63%) Systems Integration Engineer
6 6 (14.63%) Integration Engineer
7 5 (12.20%) C# Developer
8 3 (7.32%) QA Test Analyst
8 3 (7.32%) WPF Developer
8 3 (7.32%) Functional Analyst
8 3 (7.32%) QA Analyst
8 3 (7.32%) Functional Test Analyst
9 2 (4.88%) Banking Business Analyst
9 2 (4.88%) Fixed Income Business Analyst
9 2 (4.88%) Market Risk Developer
10 1 (2.44%) Senior Java Developer
10 1 (2.44%) Business Data Analyst
Libraries, Frameworks & Software Standards
1 9 (21.95%) J2EE
2 8 (19.51%) .NET
3 5 (12.20%) FIX Protocol
3 5 (12.20%) WPF
4 1 (2.44%) Spring
Miscellaneous
1 28 (68.29%) Equity Derivative
2 11 (26.83%) Analytical Skills
3 6 (14.63%) Market Risk
4 5 (12.20%) Equities
5 4 (9.76%) Reference Data
5 4 (9.76%) Visualisation
5 4 (9.76%) User Experience
6 3 (7.32%) Swaptions
7 2 (4.88%) Fixed Income
7 2 (4.88%) Computer Science
Operating Systems
1 17 (41.46%) UNIX
2 12 (29.27%) Linux
3 3 (7.32%) Red Hat Enterprise Linux
Processes & Methodologies
1 9 (21.95%) System Testing
1 9 (21.95%) Performance Tuning
2 5 (12.20%) Analytics
3 4 (9.76%) Unit Testing
4 3 (7.32%) Test Scripting
4 3 (7.32%) Time Management
4 3 (7.32%) Functional Testing
4 3 (7.32%) Regression Testing
4 3 (7.32%) Agile Software Development
4 3 (7.32%) Asset Management
4 3 (7.32%) Software Testing
5 2 (4.88%) Business Analysis
5 2 (4.88%) Algorithmic Trading
5 2 (4.88%) Market Making
5 2 (4.88%) SDLC
6 1 (2.44%) Low Latency
6 1 (2.44%) User Acceptance Testing
6 1 (2.44%) Multithreading
6 1 (2.44%) Data Analytics
6 1 (2.44%) Investment Management
Programming Languages
1 27 (65.85%) SQL
2 26 (63.41%) Java
3 14 (34.15%) C#
4 12 (29.27%) Shell Script
5 10 (24.39%) C++
6 9 (21.95%) T-SQL
7 8 (19.51%) Python
7 8 (19.51%) Perl
Qualifications
1 2 (4.88%) Degree
Quality Assurance & Compliance
1 3 (7.32%) QA
Vendors
1 12 (29.27%) Sybase
2 3 (7.32%) Charles River