The first 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 23 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our Miscellaneous category for the London region.

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
23 May 2013
Same period 2012 Same period 2011
Contract for Difference (CFD)
Rank 369 367 405
Rank change year-on-year
-2 +38
Contract jobs citing Contract for Difference 8 43 30
As % of all contract IT jobs located in London 0.037% 0.160% 0.095%
As % of the Miscellaneous category 0.112% 0.499% 0.251%
Number of daily rates quoted 2 22 19
Average daily rate £500 £438 £575
Average daily rate % change year-on-year
+14.28% -23.91%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All of the Miscellaneous Category
London
Contract IT job ads with a match in the
Miscellaneous category
7165 8624 11965
As % of all contract IT jobs located in London 33.11% 32.02% 37.85%
Number of daily rates quoted 4963 5869 8076
Average daily rate £475 £475 £550
Average daily rate % change year-on-year
- -13.63%
90% offered a daily rate of more than £275 £283 £325
10% offered a daily rate of more than £625 £625 £650
UK excluding London average daily rate £350 £345 £340
% change year-on-year
+1.44% +1.47%
Number of hourly rates quoted 164 210 199
Average hourly rate £22.75 £22.50 £21.00
Average hourly rate % change year-on-year
+1.11% +7.14%
90% offered a hourly rate of more than £15.00 £13.50 £11.50
10% offered a hourly rate of more than £52.00 £52.50 £50.00
UK excluding London average hourly rate £22.50 £23.00 £26.50
% change year-on-year
-2.17% -13.20%
Contract for Difference
England

Contract for Difference
Jobs Demand Trend

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.

London Contract for Difference Jobs Demand Trend

Contract for Difference
Daily Rate Trend

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

London Contract for Difference Daily Rate Trend

Contract for Difference
Hourly Rate Trend

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

London Contract for Difference Hourly Rate Trend

Contract for Difference
Contract Locations

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 23 May 2013. 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
(Click each for more statistics)
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
City of London +8 2 £500 +33.33%
Contract for Difference
England

Contract for Difference
Top 30 Related IT Skills

For the 6 months to 23 May 2013, 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 (100.00%) Derivative
2 9 (75.00%) SQL
2 9 (75.00%) Banking
3 8 (66.67%) Fixed Income
3 8 (66.67%) Investment Banking
4 6 (50.00%) Credit Derivative
4 6 (50.00%) Statistical Analysis
4 6 (50.00%) Spotfire
4 6 (50.00%) Visualisation
4 6 (50.00%) Data Analytics
4 6 (50.00%) Analytics
4 6 (50.00%) Data Mining
4 6 (50.00%) Business Intelligence
4 6 (50.00%) TIBCO
5 5 (41.67%) Java
5 5 (41.67%) Front Office
6 4 (33.33%) Finance
7 3 (25.00%) Subversion
7 3 (25.00%) JMS
7 3 (25.00%) TDD
7 3 (25.00%) OLAP
7 3 (25.00%) Web Services
7 3 (25.00%) RDBMS
7 3 (25.00%) QA
7 3 (25.00%) Spring Integration
7 3 (25.00%) Continuous Integration
7 3 (25.00%) TeamCity
7 3 (25.00%) Spring
7 3 (25.00%) Maven
8 2 (16.67%) Automated Testing

Contract for Difference
Top Related IT Skills by Category

For the 6 months to 23 May 2013, 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.

Application Development
1 3 (25.00%) JMS
1 3 (25.00%) Web Services
1 3 (25.00%) Spring Integration
1 3 (25.00%) Spring
Database & Business Intelligence
1 6 (50.00%) Spotfire
1 6 (50.00%) Data Mining
2 3 (25.00%) OLAP
2 3 (25.00%) RDBMS
Development Applications
1 3 (25.00%) Subversion
1 3 (25.00%) TeamCity
1 3 (25.00%) Maven
2 2 (16.67%) Selenium
2 2 (16.67%) QuickTest Pro
General
1 9 (75.00%) Banking
2 8 (66.67%) Investment Banking
3 5 (41.67%) Front Office
4 4 (33.33%) Finance
5 2 (16.67%) Back Office
Job Titles
1 8 (66.67%) Analyst
2 6 (50.00%) TIBCO Analyst
2 6 (50.00%) Business Analyst
3 5 (41.67%) Developer
4 3 (25.00%) Java Developer
5 2 (16.67%) Automation Test Analyst
5 2 (16.67%) Test Automation Analyst
5 2 (16.67%) Automation Analyst
5 2 (16.67%) Developer Analyst
5 2 (16.67%) Test Analyst
6 1 (8.333%) Project Manager
6 1 (8.333%) Agile Project Manager
6 1 (8.333%) PRINCE2 Project Manager
Miscellaneous
1 12 (100.00%) Derivative
2 8 (66.67%) Fixed Income
3 6 (50.00%) Credit Derivative
3 6 (50.00%) Visualisation
4 2 (16.67%) Equity Derivative
4 2 (16.67%) Foreign Exchange (FX)
5 1 (8.333%) Spread Betting
Operating Systems
1 2 (16.67%) UNIX
Processes & Methodologies
1 6 (50.00%) Statistical Analysis
1 6 (50.00%) Data Analytics
1 6 (50.00%) Analytics
1 6 (50.00%) Business Intelligence
2 3 (25.00%) TDD
2 3 (25.00%) Continuous Integration
3 2 (16.67%) Automated Testing
3 2 (16.67%) Test Automation
3 2 (16.67%) Algorithmic Trading
3 2 (16.67%) Build Automation
3 2 (16.67%) Agile Software Development
4 1 (8.333%) Scrum
4 1 (8.333%) PRINCE2
4 1 (8.333%) Project Management
Programming Languages
1 9 (75.00%) SQL
2 5 (41.67%) Java
3 2 (16.67%) Python
3 2 (16.67%) VB
3 2 (16.67%) VBA
3 2 (16.67%) Perl
3 2 (16.67%) C#
3 2 (16.67%) C++
3 2 (16.67%) Jython
Quality Assurance & Compliance
1 3 (25.00%) QA
Vendors
1 6 (50.00%) TIBCO