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 31 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
31 Mar 2015
Same period 2014 Same period 2013
Contract for Difference (CFD)
Rank 387 398 373
Rank change year-on-year
+11 -25
Contract jobs citing Contract for Difference 16 10 4
As % of all contract IT jobs located in London 0.073% 0.043% 0.019%
As % of the Miscellaneous category 0.21% 0.12% 0.050%
Number of daily rates quoted 14 7 2
Average daily rate
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of your Daily Rate
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£700 £425 £425
Average daily rate % change year-on-year
+64.70% -
UK excluding London average daily rate - - £550
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
7798 8656 8036
As % of all contract IT jobs located in London 35.58% 37.63% 38.50%
Number of daily rates quoted 5316 6076 5649
Average daily rate £465 £450 £475
Average daily rate % change year-on-year
+3.33% -5.26%
90% offered a daily rate of more than £295 £275 £275
10% offered a daily rate of more than £650 £650 £625
UK excluding London average daily rate £375 £350 £338
% change year-on-year
+7.14% +3.70%
Number of hourly rates quoted 140 164 163
Average hourly rate £19.63 £22.50 £22.28
Average hourly rate % change year-on-year
-12.77% +0.98%
90% offered a hourly rate of more than £13.50 £14.00 £14.00
10% offered a hourly rate of more than £40.00 £42.50 £47.50
UK excluding London average hourly rate £19.00 £17.50 £23.00
% change year-on-year
+8.57% -23.91%

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 31 March 2015.

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 31 March 2015. 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 +13 2 £400 -30.43% 3
Contract for Difference
England

Contract for Difference
Top 30 Related IT Skills in London

For the 6 months to 31 March 2015, 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 23 (85.19%) Finance
2 19 (70.37%) Project Management
3 18 (66.67%) Foreign Exchange (FX)
3 18 (66.67%) Back Office
3 18 (66.67%) Equities
3 18 (66.67%) Analytical Skills
4 15 (55.56%) Data Cleansing
4 15 (55.56%) Data Governance
4 15 (55.56%) Markit EDM
4 15 (55.56%) Master Data Management
4 15 (55.56%) Data Management
5 12 (44.44%) Enterprise Data Management
6 6 (22.22%) Banking
6 6 (22.22%) Investment Banking
7 5 (18.52%) Spread Betting
7 5 (18.52%) Derivative
8 4 (14.81%) Change Management
8 4 (14.81%) PRINCE2
8 4 (14.81%) Microsoft
9 3 (11.11%) Data Warehouse
9 3 (11.11%) SQL
9 3 (11.11%) Management Information System
9 3 (11.11%) Workflow
9 3 (11.11%) Calypso
9 3 (11.11%) Equity Derivative
9 3 (11.11%) Swaptions
9 3 (11.11%) Fixed Income
9 3 (11.11%) EMIR
9 3 (11.11%) Dodd-Frank
10 2 (7.41%) COREP

Contract for Difference
Top Related IT Skills in London by Category

For the 6 months to 31 March 2015, 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 Platforms
1 1 (3.70%) CMS
Applications
1 2 (7.41%) MS Excel
2 1 (3.70%) Photoshop
Business Applications
1 15 (55.56%) Markit EDM
Communications & Networking
1 2 (7.41%) DHCP
1 2 (7.41%) TCP/IP
1 2 (7.41%) DNS
1 2 (7.41%) Network Security
Database & Business Intelligence
1 3 (11.11%) Data Warehouse
2 2 (7.41%) BusinessObjects
2 2 (7.41%) Oracle Database 11g
2 2 (7.41%) Oracle Database
General
1 23 (85.19%) Finance
2 18 (66.67%) Back Office
3 6 (22.22%) Banking
3 6 (22.22%) Investment Banking
4 2 (7.41%) General Ledger
Job Titles
1 13 (48.15%) Developer
2 10 (37.04%) Analyst
2 10 (37.04%) Business Analyst
3 2 (7.41%) Master Data Analyst
3 2 (7.41%) Data Analyst
3 2 (7.41%) Oracle DBA
3 2 (7.41%) IT Support
3 2 (7.41%) DBA
3 2 (7.41%) Support Manager
3 2 (7.41%) IT Support Manager
4 1 (3.70%) Photoshop Designer
4 1 (3.70%) Front-End Developer
4 1 (3.70%) Senior Business Analyst
4 1 (3.70%) Senior Analyst
4 1 (3.70%) Web Developer
4 1 (3.70%) Designer
4 1 (3.70%) Web Designer
Libraries, Frameworks & Software Standards
1 1 (3.70%) HTML
1 1 (3.70%) CSS
1 1 (3.70%) XHTML
1 1 (3.70%) jQuery
1 1 (3.70%) Twitter Bootstrap
Miscellaneous
1 18 (66.67%) Foreign Exchange (FX)
1 18 (66.67%) Equities
1 18 (66.67%) Analytical Skills
2 5 (18.52%) Spread Betting
2 5 (18.52%) Derivative
3 3 (11.11%) Equity Derivative
3 3 (11.11%) Management Information System
3 3 (11.11%) Fixed Income
3 3 (11.11%) Swaptions
4 2 (7.41%) User Experience
5 1 (3.70%) Credit Risk
Operating Systems
1 2 (7.41%) Windows
1 2 (7.41%) Linux
1 2 (7.41%) Red Hat Enterprise Linux
Processes & Methodologies
1 19 (70.37%) Project Management
2 15 (55.56%) Data Management
2 15 (55.56%) Data Cleansing
2 15 (55.56%) Data Governance
2 15 (55.56%) Master Data Management
3 12 (44.44%) Enterprise Data Management
4 4 (14.81%) PRINCE2
4 4 (14.81%) Change Management
5 3 (11.11%) Workflow
6 2 (7.41%) Data Analysis
6 2 (7.41%) Business Analysis
6 2 (7.41%) Cost-Benefit Analysis
6 2 (7.41%) Business Intelligence
6 2 (7.41%) IT Governance
6 2 (7.41%) Technical Analysis
7 1 (3.70%) Web Development
7 1 (3.70%) Analytics
7 1 (3.70%) Data Architecture
7 1 (3.70%) Pay per click
7 1 (3.70%) Stakeholder Management
Programming Languages
1 3 (11.11%) SQL
2 1 (3.70%) JavaScript
Qualifications
1 2 (7.41%) Degree
Quality Assurance & Compliance
1 3 (11.11%) EMIR
1 3 (11.11%) Dodd-Frank
2 2 (7.41%) COREP
3 1 (3.70%) CRD IV
System Software
1 2 (7.41%) Active Directory
1 2 (7.41%) ISA Server
1 2 (7.41%) Oracle RAC
Systems Management
1 1 (3.70%) Oracle RMAN
Vendors
1 4 (14.81%) Microsoft
2 3 (11.11%) Calypso
3 2 (7.41%) NetApp
3 2 (7.41%) Red Hat
3 2 (7.41%) Oracle
3 2 (7.41%) Business Objects
3 2 (7.41%) SAP
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