The table below looks at the prevalence of the term Foreign Exchange (FX) in IT contracts advertised for the Glasgow region. Included is a guide to the average contractor rates offered in IT contracts that have cited Foreign Exchange (FX) over the 3 months to 5 March 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 Mar 2015
Same period 2014 Same period 2013
Foreign Exchange (FX)
Rank 61 - 62
Rank change year-on-year
- 0
Contract jobs citing Foreign Exchange (FX) 4 0 6
As % of all contract IT jobs located in Glasgow 0.51% - 0.74%
As % of the Miscellaneous category 2.41% - 2.78%
Number of daily rates quoted 3 0 3
Average daily rate
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£475 - £375
UK excluding London average daily rate £420 £465 £388
% change year-on-year
-9.67% +19.92%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £47.00 £20.50
% change year-on-year
- +129.26%
Foreign Exchange (FX)
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
166 163 216
As % of all contract IT jobs located in Glasgow 21.01% 26.25% 26.60%
Number of daily rates quoted 97 87 112
Average daily rate £375 £364 £350
Average daily rate % change year-on-year
+3.09% +3.92%
90% offered a daily rate of more than £112 £227 £225
10% offered a daily rate of more than £475 £450 £422
UK excluding London average daily rate £375 £350 £335
% change year-on-year
+7.14% +4.47%
Number of hourly rates quoted 9 7 6
Average hourly rate £15.77 £15.50 £10.42
Average hourly rate % change year-on-year
+1.74% +48.82%
90% offered a hourly rate of more than £12.10 £11.44 £9.90
10% offered a hourly rate of more than £68.00 £32.50 £19.69
UK excluding London average hourly rate £18.50 £17.50 £20.00
% change year-on-year
+5.71% -12.50%

Foreign Exchange (FX)
Jobs Demand Trend in Glasgow

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

Foreign Exchange (FX) Jobs Demand Trend in Glasgow

Foreign Exchange (FX)
Daily Rate Trend in Glasgow

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Foreign Exchange (FX) across the Glasgow region.

Foreign Exchange (FX) Daily Rate Trend in Glasgow

Foreign Exchange (FX)
Top 26 Related IT Skills in Glasgow

For the 6 months to 5 March 2015, IT contractor jobs across the Glasgow region citing Foreign Exchange (FX) 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 Foreign Exchange (FX).

1 4 (100.00%) Investment Banking
1 4 (100.00%) Banking
2 3 (75.00%) Multithreading
2 3 (75.00%) Derivative
2 3 (75.00%) Equity Derivative
3 2 (50.00%) Java
3 2 (50.00%) SQL
3 2 (50.00%) Oracle
3 2 (50.00%) Hibernate
3 2 (50.00%) Spring
3 2 (50.00%) Relational Database
4 1 (25.00%) C#
4 1 (25.00%) Equities
4 1 (25.00%) Time Management
4 1 (25.00%) HP Quality Center
4 1 (25.00%) VCP4
4 1 (25.00%) MS Office
4 1 (25.00%) ASP.NET
4 1 (25.00%) MS Excel
4 1 (25.00%) .NET
4 1 (25.00%) MVC
4 1 (25.00%) WCF
4 1 (25.00%) WPF
4 1 (25.00%) Silverlight
4 1 (25.00%) User Acceptance Testing
4 1 (25.00%) Test Scripting

Foreign Exchange (FX)
Top Related IT Skills in Glasgow by Category

For the 6 months to 5 March 2015, IT contractor jobs across the Glasgow region citing Foreign Exchange (FX) 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 Foreign Exchange (FX). Up to 20 skills are shown per category.

Applications
1 1 (25.00%) MS Office
1 1 (25.00%) MS Excel
Database & Business Intelligence
1 2 (50.00%) Relational Database
General
1 4 (100.00%) Investment Banking
1 4 (100.00%) Banking
Job Titles
1 3 (75.00%) Developer
2 2 (50.00%) Java Developer
3 1 (25.00%) C# Developer
3 1 (25.00%) Business Analyst
3 1 (25.00%) Analyst
3 1 (25.00%) Banking Business Analyst
3 1 (25.00%) Investment Banking Business Analyst
Libraries, Frameworks & Software Standards
1 2 (50.00%) Hibernate
1 2 (50.00%) Spring
2 1 (25.00%) ASP.NET
2 1 (25.00%) .NET
2 1 (25.00%) WCF
2 1 (25.00%) WPF
2 1 (25.00%) Silverlight
Miscellaneous
1 3 (75.00%) Derivative
1 3 (75.00%) Equity Derivative
2 1 (25.00%) Equities
Processes & Methodologies
1 3 (75.00%) Multithreading
2 1 (25.00%) Time Management
2 1 (25.00%) MVC
2 1 (25.00%) User Acceptance Testing
2 1 (25.00%) Test Scripting
Programming Languages
1 2 (50.00%) Java
1 2 (50.00%) SQL
2 1 (25.00%) C#
Qualifications
1 1 (25.00%) VCP4
Systems Management
1 1 (25.00%) HP Quality Center
Vendors
1 2 (50.00%) Oracle