The table below looks at the prevalence of the term Contract for Difference in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Contract for Difference over the 3 months to 28 April 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.

3 months to
28 Apr 2016
Same period 2015 Same period 2014
Contract for Difference (CFD)
Rank 426 415 412
Rank change year-on-year
-11 -3
Contract jobs citing Contract for Difference 5 16 10
As % of all contract IT jobs located in London 0.022% 0.072% 0.043%
As % of the Miscellaneous category 0.060% 0.20% 0.11%
Number of daily rates quoted 5 13 7
Average daily rate £480 £700 £413
Average daily rate % change year-on-year
-31.42% +69.69%
90% offered a daily rate of more than £456 £550 £335
10% offered a daily rate of more than £600 £700 £500
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Contract for Difference
England

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

Miscellaneous Category
London
Contract IT job ads with a match in the
Miscellaneous category
8321 8110 8837
As % of all contract IT jobs located in London 36.20% 36.28% 37.88%
Number of daily rates quoted 5936 5499 6182
Average daily rate £475 £470 £450
Average daily rate % change year-on-year
+1.06% +4.44%
90% offered a daily rate of more than £300 £286 £275
10% offered a daily rate of more than £650 £650 £650
UK excluding London average daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 118 121 157
Average hourly rate £22.00 £18.00 £21.38
Average hourly rate % change year-on-year
+22.22% -15.78%
90% offered a hourly rate of more than £12.50 £13.50 £14.04
10% offered a hourly rate of more than £53.00 £50.50 £41.00
UK excluding London average hourly rate £22.00 £18.75 £20.00
% change year-on-year
+17.33% -6.25%

Contract for Difference
Jobs Demand Trend in London

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

Contract for Difference Jobs Demand Trend in London

Contract for Difference
Daily Rate Trend in London

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

Contract for Difference Daily Rate Trend in London

Contract for Difference
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Contract for Difference across the London region over the 3 months to 28 April 2016.

Contract for Difference Daily Rate Histogram in London

Contract for Difference
Hourly Rate Trend in London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Contract for Difference across the London region.

Contract for Difference Hourly Rate Trend in London

Contract for Difference
Top 30 Related IT Skills in London

For the 6 months to 28 April 2016, IT contractor jobs across the London region citing Contract for Difference 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 Contract for Difference.

1 7 (63.64%) Derivative
2 6 (54.55%) Finance
3 5 (45.45%) Swaptions
4 4 (36.36%) Equity Derivative
4 4 (36.36%) Workflow
4 4 (36.36%) Calypso
4 4 (36.36%) Algo Collateral
4 4 (36.36%) Collateral Management
5 3 (27.27%) Foreign Exchange (FX)
6 2 (18.18%) SQL
6 2 (18.18%) Requirements Management
6 2 (18.18%) Use Case
6 2 (18.18%) User Acceptance Testing
6 2 (18.18%) Agile Software Development
6 2 (18.18%) Banking
6 2 (18.18%) Equities
6 2 (18.18%) Business Analysis
6 2 (18.18%) User Stories
7 1 (9.09%) Dependency Management
7 1 (9.09%) Technical Analysis
7 1 (9.09%) CRD IV
7 1 (9.09%) COREP
7 1 (9.09%) Analytical Skills
7 1 (9.09%) SDLC
7 1 (9.09%) Basel III
7 1 (9.09%) SWIFT
7 1 (9.09%) Continuous Improvement
7 1 (9.09%) Change Control
7 1 (9.09%) Cost-Benefit Analysis
7 1 (9.09%) Summit

Contract for Difference
Top Related IT Skills in London by Category

For the 6 months to 28 April 2016, IT contractor jobs across the London region citing Contract for Difference 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 Contract for Difference. Up to 20 skills are shown per category.

Business Applications
1 4 (36.36%) Algo Collateral
2 1 (9.09%) OpenText MBPM
2 1 (9.09%) Summit
Database & Business Intelligence
1 1 (9.09%) BusinessObjects
1 1 (9.09%) Data Warehouse
General
1 6 (54.55%) Finance
2 2 (18.18%) Banking
3 1 (9.09%) Back Office
3 1 (9.09%) General Ledger
3 1 (9.09%) Investment Banking
Job Titles
1 10 (90.91%) Analyst
2 8 (72.73%) Business Analyst
3 4 (36.36%) Calypso Business Analyst
3 4 (36.36%) Collateral Management Business Analyst
4 1 (9.09%) Developer
4 1 (9.09%) Liquidity Business Analyst
4 1 (9.09%) MiFID Business Analyst
4 1 (9.09%) Report Analyst
4 1 (9.09%) Test Analyst
Miscellaneous
1 7 (63.64%) Derivative
2 5 (45.45%) Swaptions
3 4 (36.36%) Equity Derivative
4 3 (27.27%) Foreign Exchange (FX)
5 2 (18.18%) Equities
6 1 (9.09%) Analytical Skills
6 1 (9.09%) Fixed Income
6 1 (9.09%) Reference Data
6 1 (9.09%) SWIFT
Operating Systems
1 1 (9.09%) Unix
Processes & Methodologies
1 4 (36.36%) Collateral Management
1 4 (36.36%) Workflow
2 2 (18.18%) Agile Software Development
2 2 (18.18%) Business Analysis
2 2 (18.18%) Requirements Management
2 2 (18.18%) Use Case
2 2 (18.18%) User Acceptance Testing
2 2 (18.18%) User Stories
3 1 (9.09%) BPMN
3 1 (9.09%) Business Intelligence
3 1 (9.09%) Change Control
3 1 (9.09%) Continuous Improvement
3 1 (9.09%) Cost-Benefit Analysis
3 1 (9.09%) CRM
3 1 (9.09%) Data Analysis
3 1 (9.09%) Dependency Management
3 1 (9.09%) IT Governance
3 1 (9.09%) SDLC
3 1 (9.09%) Technical Analysis
3 1 (9.09%) Test Scripting
Programming Languages
1 2 (18.18%) SQL
2 1 (9.09%) Shell Script
Quality Assurance & Compliance
1 1 (9.09%) Basel III
1 1 (9.09%) COREP
1 1 (9.09%) CRD IV
1 1 (9.09%) MiFID
1 1 (9.09%) SLA
Vendors
1 4 (36.36%) Calypso
2 1 (9.09%) Bloomberg
2 1 (9.09%) Microsoft