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 14 February 2016 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
14 Feb 2016
Same period 2015 Same period 2014
Derivatives
Rank 53 64 62
Rank change year-on-year
+11 -2
Contract jobs citing Derivative 3 2 3
As % of all contract IT jobs located in Glasgow 0.48% 0.26% 0.49%
As % of the Miscellaneous category 1.79% 1.09% 2.10%
Number of daily rates quoted 1 2 3
Average daily rate £338 £475 £400
Average daily rate % change year-on-year
-28.94% +18.75%
UK excluding London average daily rate £313 £475 £425
% change year-on-year
-34.21% +11.76%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
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
168 183 143
As % of all contract IT jobs located in Glasgow 27.10% 23.86% 23.56%
Number of daily rates quoted 94 103 79
Average daily rate £275 £325 £370
Average daily rate % change year-on-year
-15.38% -12.16%
90% offered a daily rate of more than £120 £113 £231
10% offered a daily rate of more than £408 £475 £450
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 1 6 7
Average hourly rate £49.41 £15.77 £15.50
Average hourly rate % change year-on-year
+213.31% +1.74%
UK excluding London average hourly rate £24.00 £17.50 £17.50
% change year-on-year
+37.14% -

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
Top 30 Related IT Skills in Glasgow

For the 6 months to 14 February 2016, 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 22 (84.62%) Finance
2 18 (69.23%) Equity Derivative
3 12 (46.15%) C#
3 12 (46.15%) .NET
4 11 (42.31%) Java
5 10 (38.46%) Banking
5 10 (38.46%) WPF
5 10 (38.46%) Data Analytics
5 10 (38.46%) Analytics
5 10 (38.46%) Market Making
6 9 (34.62%) User Experience
6 9 (34.62%) Visualisation
6 9 (34.62%) High Availability
6 9 (34.62%) Unit Testing
7 8 (30.77%) Equities
8 7 (26.92%) SQL
8 7 (26.92%) Investment Banking
9 6 (23.08%) Agile Software Development
9 6 (23.08%) Algorithmic Trading
9 6 (23.08%) Sybase
9 6 (23.08%) C++
9 6 (23.08%) Linux
9 6 (23.08%) Legal
10 5 (19.23%) Fixed Income
11 4 (15.38%) Relational Database
11 4 (15.38%) Boost C++ Libraries
11 4 (15.38%) Front Office
11 4 (15.38%) Perl
11 4 (15.38%) Data Warehouse
11 4 (15.38%) Data Modelling

Derivative
Top Related IT Skills in Glasgow by Category

For the 6 months to 14 February 2016, 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.

Application Platforms
1 1 (3.85%) SharePoint
Applications
1 1 (3.85%) MS Excel
Database & Business Intelligence
1 4 (15.38%) Data Warehouse
1 4 (15.38%) Relational Database
Development Applications
1 2 (7.69%) HP UFT
General
1 22 (84.62%) Finance
2 10 (38.46%) Banking
3 7 (26.92%) Investment Banking
4 6 (23.08%) Legal
5 4 (15.38%) Front Office
6 2 (7.69%) Marketing
Job Titles
1 15 (57.69%) Developer
2 10 (38.46%) Analyst
2 10 (38.46%) C# Developer
3 7 (26.92%) Business Analyst
4 5 (19.23%) C# WPF Developer
4 5 (19.23%) WPF Developer
5 4 (15.38%) Business Data Analyst
5 4 (15.38%) C++ Developer
5 4 (15.38%) Data Analyst
5 4 (15.38%) Data Business Analyst
5 4 (15.38%) SQL Analyst
6 3 (11.54%) SQL Data Analyst
7 2 (7.69%) .NET Developer
7 2 (7.69%) C# .NET Developer
7 2 (7.69%) Functional Analyst
7 2 (7.69%) Functional Test Analyst
7 2 (7.69%) QA Analyst
7 2 (7.69%) QA Test Analyst
7 2 (7.69%) Test Analyst
8 1 (3.85%) Banking Analyst
Libraries, Frameworks & Software Standards
1 12 (46.15%) .NET
2 10 (38.46%) WPF
3 4 (15.38%) Boost C++ Libraries
Miscellaneous
1 18 (69.23%) Equity Derivative
2 9 (34.62%) User Experience
2 9 (34.62%) Visualisation
3 8 (30.77%) Equities
4 5 (19.23%) Fixed Income
5 3 (11.54%) Analytical Skills
6 2 (7.69%) Management Information System
7 1 (3.85%) Contract for Difference
7 1 (3.85%) Foreign Exchange (FX)
7 1 (3.85%) Reference Data
Operating Systems
1 6 (23.08%) Linux
2 2 (7.69%) Unix
Processes & Methodologies
1 10 (38.46%) Analytics
1 10 (38.46%) Data Analytics
1 10 (38.46%) Market Making
2 9 (34.62%) High Availability
2 9 (34.62%) Unit Testing
3 6 (23.08%) Agile Software Development
3 6 (23.08%) Algorithmic Trading
4 4 (15.38%) Business Analysis
4 4 (15.38%) Data Analysis
4 4 (15.38%) Data Modelling
4 4 (15.38%) Use Case
5 3 (11.54%) Stakeholder Management
6 2 (7.69%) Change Control
6 2 (7.69%) Functional Testing
6 2 (7.69%) Information Security
6 2 (7.69%) Internal Audit
6 2 (7.69%) Risk Management
6 2 (7.69%) Time Management
6 2 (7.69%) Wealth Management
7 1 (3.85%) Threat Management
Programming Languages
1 12 (46.15%) C#
2 11 (42.31%) Java
3 7 (26.92%) SQL
4 6 (23.08%) C++
5 4 (15.38%) Perl
Qualifications
1 2 (7.69%) CGEIT
1 2 (7.69%) CISA
1 2 (7.69%) CISM
1 2 (7.69%) CRISC
2 1 (3.85%) PMI Certification
2 1 (3.85%) PMP
Quality Assurance & Compliance
1 2 (7.69%) ISO/IEC 27001
1 2 (7.69%) QA
2 1 (3.85%) COBIT
2 1 (3.85%) Sarbanes-Oxley
Vendors
1 6 (23.08%) Sybase