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 5 August 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
5 Aug 2015
Same period 2014 Same period 2013
Derivatives
Rank 51 64 59
Rank change year-on-year
+13 -5
Contract jobs citing Derivative 19 7 8
As % of all contract IT jobs located in Glasgow 2.17% 0.83% 1.03%
As % of the Miscellaneous category 7.25% 2.79% 3.36%
Number of daily rates quoted 6 4 6
Average daily rate
Keep up to 90%
of your Daily Rate
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£335 £413 £463
Average daily rate % change year-on-year
-18.78% -10.81%
90% offered a daily rate of more than £225 £383 £413
10% offered a daily rate of more than £350 £425 £513
UK excluding London average daily rate £475 £375 £450
% change year-on-year
+26.66% -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
262 251 238
As % of all contract IT jobs located in Glasgow 29.98% 29.88% 30.71%
Number of daily rates quoted 130 121 113
Average daily rate £340 £358 £400
Average daily rate % change year-on-year
-4.89% -10.62%
90% offered a daily rate of more than £250 £250 £175
10% offered a daily rate of more than £455 £445 £500
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 10 4 8
Average hourly rate £27.44 £17.50 £13.25
Average hourly rate % change year-on-year
+56.80% +32.07%
90% offered a hourly rate of more than £17.50 £11.50 £9.25
10% offered a hourly rate of more than £65.00 £94.00 £17.30
UK excluding London average hourly rate £19.08 £21.00 £19.50
% change year-on-year
-9.14% +7.69%

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 5 August 2015.

Derivative Daily Rate Histogram in Glasgow

Derivative
Top 30 Related IT Skills in Glasgow

For the 6 months to 5 August 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 26 (74.29%) SQL
2 23 (65.71%) Java
2 23 (65.71%) Equity Derivative
3 17 (48.57%) Banking
3 17 (48.57%) Finance
4 15 (42.86%) UNIX
5 12 (34.29%) Shell Script
6 11 (31.43%) Investment Banking
7 10 (28.57%) Sybase
7 10 (28.57%) Linux
8 9 (25.71%) T-SQL
8 9 (25.71%) J2EE
8 9 (25.71%) Sybase IQ
8 9 (25.71%) Sybase ASE
8 9 (25.71%) System Testing
8 9 (25.71%) Performance Tuning
8 9 (25.71%) Analytical Skills
9 8 (22.86%) Front Office
9 8 (22.86%) Perl
9 8 (22.86%) C#
9 8 (22.86%) C++
9 8 (22.86%) Python
10 6 (17.14%) Market Risk
11 5 (14.29%) FIX Protocol
12 4 (11.43%) KDB
12 4 (11.43%) Multithreading
12 4 (11.43%) Equities
13 3 (8.57%) Foreign Exchange (FX)
13 3 (8.57%) Charles River
13 3 (8.57%) thinkFolio

Derivative
Top Related IT Skills in Glasgow by Category

For the 6 months to 5 August 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 (8.57%) LatentZero
1 3 (8.57%) Front Arena
1 3 (8.57%) thinkFolio
1 3 (8.57%) Eagle PACE
1 3 (8.57%) Markit EDM
Database & Business Intelligence
1 9 (25.71%) Sybase IQ
1 9 (25.71%) Sybase ASE
2 4 (11.43%) KDB
3 3 (8.57%) Relational Database
4 1 (2.86%) DB2
Development Applications
1 1 (2.86%) HP UFT
General
1 17 (48.57%) Finance
1 17 (48.57%) Banking
2 11 (31.43%) Investment Banking
3 8 (22.86%) Front Office
4 2 (5.71%) Legal
Job Titles
1 17 (48.57%) Developer
2 13 (37.14%) Java Developer
3 11 (31.43%) Analyst
4 8 (22.86%) SQL Developer
5 6 (17.14%) Integration Engineer
5 6 (17.14%) Systems Integration Engineer
5 6 (17.14%) Systems Engineer
5 6 (17.14%) Business Analyst
6 4 (11.43%) Test Analyst
7 2 (5.71%) Banking Business Analyst
7 2 (5.71%) Fixed Income Business Analyst
7 2 (5.71%) Market Risk Developer
8 1 (2.86%) Functional Test Analyst
8 1 (2.86%) Integration Specialist
8 1 (2.86%) Functional Analyst
8 1 (2.86%) QA Analyst
8 1 (2.86%) Senior Java Developer
8 1 (2.86%) Sybase Developer
8 1 (2.86%) QA Test Analyst
8 1 (2.86%) C# Developer
Libraries, Frameworks & Software Standards
1 9 (25.71%) J2EE
2 5 (14.29%) FIX Protocol
3 3 (8.57%) Spring
4 2 (5.71%) .NET
4 2 (5.71%) Hibernate
5 1 (2.86%) ASP.NET
5 1 (2.86%) WCF
5 1 (2.86%) WPF
5 1 (2.86%) Silverlight
Miscellaneous
1 23 (65.71%) Equity Derivative
2 9 (25.71%) Analytical Skills
3 6 (17.14%) Market Risk
4 4 (11.43%) Equities
5 3 (8.57%) Swaptions
5 3 (8.57%) Reference Data
5 3 (8.57%) Foreign Exchange (FX)
6 2 (5.71%) Fixed Income
6 2 (5.71%) Computer Science
Operating Systems
1 15 (42.86%) UNIX
2 10 (28.57%) Linux
3 3 (8.57%) Red Hat Enterprise Linux
Processes & Methodologies
1 9 (25.71%) System Testing
1 9 (25.71%) Performance Tuning
2 4 (11.43%) Multithreading
3 3 (8.57%) Test Scripting
3 3 (8.57%) Regression Testing
3 3 (8.57%) Asset Management
3 3 (8.57%) Software Testing
4 2 (5.71%) Business Analysis
4 2 (5.71%) SDLC
5 1 (2.86%) Investment Management
5 1 (2.86%) Time Management
5 1 (2.86%) Functional Testing
5 1 (2.86%) Low Latency
5 1 (2.86%) MVC
5 1 (2.86%) Agile Software Development
5 1 (2.86%) Refactoring
5 1 (2.86%) Wealth Management
5 1 (2.86%) User Acceptance Testing
Programming Languages
1 26 (74.29%) SQL
2 23 (65.71%) Java
3 12 (34.29%) Shell Script
4 9 (25.71%) T-SQL
5 8 (22.86%) Python
5 8 (22.86%) Perl
5 8 (22.86%) C#
5 8 (22.86%) C++
Qualifications
1 2 (5.71%) Degree
Quality Assurance & Compliance
1 1 (2.86%) QA
Vendors
1 10 (28.57%) Sybase
2 3 (8.57%) Charles River
3 2 (5.71%) Oracle