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 5 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
5 Feb 2016
Same period 2015 Same period 2014
Contract for Difference (CFD)
Rank 405 395 400
Rank change year-on-year
-10 +5
Contract jobs citing Contract for Difference 6 10 7
As % of all contract IT jobs located in London 0.028% 0.048% 0.032%
As % of the Miscellaneous category 0.079% 0.13% 0.085%
Number of daily rates quoted 6 5 6
Average daily rate £600 £700 £419
Average daily rate % change year-on-year
-14.28% +67.16%
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
7568 7531 8236
As % of all contract IT jobs located in London 35.79% 36.15% 38.12%
Number of daily rates quoted 5293 5276 5595
Average daily rate £475 £450 £450
Average daily rate % change year-on-year
+5.55% -
90% offered a daily rate of more than £285 £288 £252
10% offered a daily rate of more than £650 £625 £650
UK excluding London average daily rate £375 £373 £350
% change year-on-year
+0.67% +6.42%
Number of hourly rates quoted 134 147 160
Average hourly rate £20.00 £20.00 £23.50
Average hourly rate % change year-on-year
- -14.89%
90% offered a hourly rate of more than £13.00 £13.50 £13.50
10% offered a hourly rate of more than £42.50 £37.00 £52.50
UK excluding London average hourly rate £24.00 £17.50 £17.50
% change year-on-year
+37.14% -

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 5 February 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
Contract Job Locations in London

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Contract for Difference within the London region over the 3 months to 5 February 2016. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London - 2 £388 - 2
Contract for Difference
England

Contract for Difference
Top 30 Related IT Skills in London

For the 6 months to 5 February 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 12 (92.31%) Derivative
2 9 (69.23%) Finance
3 8 (61.54%) Investment Banking
3 8 (61.54%) Banking
4 7 (53.85%) Equities
5 6 (46.15%) Fixed Income
5 6 (46.15%) Analytical Skills
6 5 (38.46%) Swaptions
7 4 (30.77%) Equity Derivative
7 4 (30.77%) Algo Collateral
7 4 (30.77%) Collateral Management
7 4 (30.77%) Stakeholder Management
7 4 (30.77%) Risk Management
7 4 (30.77%) Workflow
7 4 (30.77%) Foreign Exchange (FX)
7 4 (30.77%) Calypso
8 3 (23.08%) Data Warehouse
8 3 (23.08%) Business Intelligence
9 2 (15.38%) Microsoft
9 2 (15.38%) Back Office
9 2 (15.38%) Business Analysis
9 2 (15.38%) General Ledger
9 2 (15.38%) Data Analysis
9 2 (15.38%) Basel III
9 2 (15.38%) Technical Analysis
9 2 (15.38%) CRD IV
9 2 (15.38%) COREP
9 2 (15.38%) IT Governance
9 2 (15.38%) User Acceptance Testing
10 1 (7.69%) SQL Server Analysis Services

Contract for Difference
Top Related IT Skills in London by Category

For the 6 months to 5 February 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 (30.77%) Algo Collateral
2 1 (7.69%) Summit
Database & Business Intelligence
1 3 (23.08%) Data Warehouse
2 1 (7.69%) BusinessObjects
2 1 (7.69%) OLAP
2 1 (7.69%) Relational Database
2 1 (7.69%) SQL Server
2 1 (7.69%) SQL Server 2008
2 1 (7.69%) SQL Server 2012
2 1 (7.69%) SQL Server Analysis Services
2 1 (7.69%) SQL Server Integration Services
2 1 (7.69%) SQL Server Reporting Services
General
1 9 (69.23%) Finance
2 8 (61.54%) Banking
2 8 (61.54%) Investment Banking
3 2 (15.38%) Back Office
3 2 (15.38%) General Ledger
4 1 (7.69%) Financial Institution
Job Titles
1 12 (92.31%) Analyst
2 11 (84.62%) Business Analyst
3 4 (30.77%) Calypso Business Analyst
3 4 (30.77%) Collateral Management Business Analyst
4 2 (15.38%) Liquidity Business Analyst
4 2 (15.38%) Report Analyst
5 1 (7.69%) Business Intelligence Developer
5 1 (7.69%) Business IT Analyst
5 1 (7.69%) Derivatives Business Analyst
5 1 (7.69%) Developer
5 1 (7.69%) IT Analyst
5 1 (7.69%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 1 (7.69%) .NET
1 1 (7.69%) MDX
Miscellaneous
1 12 (92.31%) Derivative
2 7 (53.85%) Equities
3 6 (46.15%) Analytical Skills
3 6 (46.15%) Fixed Income
4 5 (38.46%) Swaptions
5 4 (30.77%) Equity Derivative
5 4 (30.77%) Foreign Exchange (FX)
Processes & Methodologies
1 4 (30.77%) Collateral Management
1 4 (30.77%) Risk Management
1 4 (30.77%) Stakeholder Management
1 4 (30.77%) Workflow
2 3 (23.08%) Business Intelligence
3 2 (15.38%) Business Analysis
3 2 (15.38%) Data Analysis
3 2 (15.38%) IT Governance
3 2 (15.38%) Technical Analysis
3 2 (15.38%) User Acceptance Testing
4 1 (7.69%) Cost-Benefit Analysis
4 1 (7.69%) Kimball Methodology
4 1 (7.69%) SDLC
4 1 (7.69%) Use Case
Programming Languages
1 1 (7.69%) C#
1 1 (7.69%) SQL
1 1 (7.69%) T-SQL
1 1 (7.69%) VB.NET
Quality Assurance & Compliance
1 2 (15.38%) Basel III
1 2 (15.38%) COREP
1 2 (15.38%) CRD IV
2 1 (7.69%) SLA
Vendors
1 4 (30.77%) Calypso
2 2 (15.38%) Microsoft
3 1 (7.69%) Bloomberg
3 1 (7.69%) Tableau