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 17 September 2014 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
17 Sep 2014
Same period 2013 Same period 2012
Foreign Exchange (FX)
Rank 64 49 -
Rank change year-on-year
-15 -
Contract jobs citing Foreign Exchange (FX) 12 10 0
As % of all contract IT jobs located in Glasgow 1.40% 1.52% -
As % of the Miscellaneous category 5.45% 5.15% -
Number of daily rates quoted 8 9 0
Average daily rate
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£400 £500 -
Average daily rate % change year-on-year
-20.00% -
UK excluding London average daily rate £400 £438 £456
% change year-on-year
-8.57% -4.10%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £49.00 £25.00
% change year-on-year
- +96.00%
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
220 194 164
As % of all contract IT jobs located in Glasgow 25.73% 29.44% 19.29%
Number of daily rates quoted 115 98 68
Average daily rate £344 £375 £325
Average daily rate % change year-on-year
-8.33% +15.38%
90% offered a daily rate of more than £172 £175 £200
10% offered a daily rate of more than £450 £500 £388
UK excluding London average daily rate £350 £350 £345
% change year-on-year
- +1.44%
Number of hourly rates quoted 4 5 5
Average hourly rate £15.77 £12.50 £13.50
Average hourly rate % change year-on-year
+26.16% -7.40%
90% offered a hourly rate of more than £12.00 £9.25 £9.50
10% offered a hourly rate of more than £30.50 £12.50 £25.03
UK excluding London average hourly rate £18.53 £17.50 £27.50
% change year-on-year
+5.88% -36.36%

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 30 Related IT Skills in Glasgow

For the 6 months to 17 September 2014, 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 27 (75.00%) Java
2 19 (52.78%) C#
3 17 (47.22%) OO
3 17 (47.22%) Banking
4 16 (44.44%) Linux
4 16 (44.44%) SQL
4 16 (44.44%) Equities
5 15 (41.67%) Front Office
6 14 (38.89%) WPF
7 13 (36.11%) Multithreading
7 13 (36.11%) .NET
8 12 (33.33%) KDB
9 11 (30.56%) Finance
10 10 (27.78%) UNIX
10 10 (27.78%) C++
11 9 (25.00%) Relational Database
11 9 (25.00%) Scala
11 9 (25.00%) Derivative
12 8 (22.22%) Perl
12 8 (22.22%) Python
13 7 (19.44%) FIX Protocol
13 7 (19.44%) TDD
14 6 (16.67%) Risk Management
14 6 (16.67%) SOA
15 5 (13.89%) Boost C++ Libraries
16 4 (11.11%) Visualisation
16 4 (11.11%) Algorithmic Trading
16 4 (11.11%) Spring
16 4 (11.11%) Investment Banking
16 4 (11.11%) Data Visualisation

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

For the 6 months to 17 September 2014, 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.

Application Platforms
1 4 (11.11%) Apache
1 4 (11.11%) Tomcat
Database & Business Intelligence
1 12 (33.33%) KDB
2 9 (25.00%) Relational Database
General
1 17 (47.22%) Banking
2 15 (41.67%) Front Office
3 11 (30.56%) Finance
4 4 (11.11%) Investment Banking
Job Titles
1 35 (97.22%) Developer
2 14 (38.89%) Java Developer
3 13 (36.11%) C# Developer
4 11 (30.56%) WPF Developer
5 7 (19.44%) C++ Developer
6 1 (2.78%) Analyst
6 1 (2.78%) .NET Developer
6 1 (2.78%) MI Analyst
Libraries, Frameworks & Software Standards
1 14 (38.89%) WPF
2 13 (36.11%) .NET
3 7 (19.44%) FIX Protocol
4 5 (13.89%) Boost C++ Libraries
5 4 (11.11%) Spring
5 4 (11.11%) Reactive Extensions
5 4 (11.11%) JMS
5 4 (11.11%) Web Services
5 4 (11.11%) Hibernate
5 4 (11.11%) WinForms
6 3 (8.33%) Task Parallel Library
7 2 (5.56%) XML
Miscellaneous
1 16 (44.44%) Equities
2 9 (25.00%) Derivative
3 4 (11.11%) Visualisation
3 4 (11.11%) Fixed Income
4 2 (5.56%) Hedge funds
5 1 (2.78%) Analytical Skills
Operating Systems
1 16 (44.44%) Linux
2 10 (27.78%) UNIX
Processes & Methodologies
1 17 (47.22%) OO
2 13 (36.11%) Multithreading
3 7 (19.44%) TDD
4 6 (16.67%) Risk Management
4 6 (16.67%) SOA
5 4 (11.11%) Algorithmic Trading
5 4 (11.11%) Data Visualisation
5 4 (11.11%) Performance Tuning
5 4 (11.11%) E-Commerce
5 4 (11.11%) Agile Software Development
6 3 (8.33%) Performance Analysis
7 2 (5.56%) Electronic Trading
7 2 (5.56%) OOP
8 1 (2.78%) Business Intelligence
8 1 (2.78%) Mentoring
Programming Languages
1 27 (75.00%) Java
2 19 (52.78%) C#
3 16 (44.44%) SQL
4 10 (27.78%) C++
5 9 (25.00%) Scala
6 8 (22.22%) Perl
6 8 (22.22%) Python
Vendors
1 4 (11.11%) IBM
1 4 (11.11%) Microsoft