The table below looks at the prevalence of the term DTCC in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited DTCC over the 3 months to 16 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
16 Sep 2014
Same period 2013 Same period 2012
The Depository Trust & Clearing Corporation (DTCC)
Rank 405 424 418
Rank change year-on-year
+19 -6
Contract jobs citing DTCC 10 8 6
As % of all contract IT jobs located in London 0.041% 0.032% 0.023%
As % of the Miscellaneous category 0.11% 0.085% 0.061%
Number of daily rates quoted 8 5 6
Average daily rate
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£550 £513 £775
Average daily rate % change year-on-year
+7.31% -33.87%
90% offered a daily rate of more than £515 £500 £545
10% offered a daily rate of more than £558 £550 £800
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
DTCC
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
8792 9436 9788
As % of all contract IT jobs located in London 35.98% 37.60% 36.99%
Number of daily rates quoted 5970 6522 6621
Average daily rate £450 £450 £450
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £625 £625 £625
UK excluding London average daily rate £350 £350 £340
% change year-on-year
- +2.94%
Number of hourly rates quoted 179 177 257
Average hourly rate £18.50 £19.50 £22.50
Average hourly rate % change year-on-year
-5.12% -13.33%
90% offered a hourly rate of more than £13.47 £13.00 £13.00
10% offered a hourly rate of more than £45.00 £47.00 £41.20
UK excluding London average hourly rate £18.90 £17.50 £27.82
% change year-on-year
+8.00% -37.08%

DTCC
Jobs Demand Trend in London

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

DTCC Jobs Demand Trend in London

DTCC
Daily Rate Trend in London

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

DTCC Daily Rate Trend in London

DTCC
Hourly Rate Trend in London

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

DTCC Hourly Rate Trend in London

DTCC
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 DTCC within the London region over the 3 months to 16 September 2014. 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 +21 2 £550 +8.64%
DTCC
England

DTCC
Top 30 Related IT Skills in London

For the 6 months to 16 September 2014, IT contractor jobs across the London region citing DTCC 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 DTCC.

1 10 (66.67%) Derivative
2 9 (60.00%) SQL
2 9 (60.00%) FpML
2 9 (60.00%) EMIR
3 8 (53.33%) Banking
4 7 (46.67%) Investment Banking
4 7 (46.67%) XML
5 6 (40.00%) Data Analysis
6 5 (33.33%) Dodd-Frank
6 5 (33.33%) Finance
7 4 (26.67%) Fixed Income
7 4 (26.67%) Business Analysis
7 4 (26.67%) User Acceptance Testing
8 3 (20.00%) Tradeweb
8 3 (20.00%) Capacity Planning
8 3 (20.00%) Validation
8 3 (20.00%) ION Trading
8 3 (20.00%) Interest Rate Derivative
8 3 (20.00%) Equity Derivative
8 3 (20.00%) Calypso
8 3 (20.00%) T-SQL
9 2 (13.33%) ISEB
9 2 (13.33%) Back Office
9 2 (13.33%) Agile Software Development
9 2 (13.33%) Test Strategy
9 2 (13.33%) Data Mapping
9 2 (13.33%) Electronic Trading
10 1 (6.67%) BPMN
10 1 (6.67%) Test Management
10 1 (6.67%) Software Testing

DTCC
Top Related IT Skills in London by Category

For the 6 months to 16 September 2014, IT contractor jobs across the London region citing DTCC 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 DTCC. Up to 20 skills are shown per category.

General
1 8 (53.33%) Banking
2 7 (46.67%) Investment Banking
3 5 (33.33%) Finance
4 2 (13.33%) Back Office
Job Titles
1 12 (80.00%) Business Analyst
1 12 (80.00%) Analyst
2 1 (6.67%) Test Manager
2 1 (6.67%) Release Manager
2 1 (6.67%) IT Business Analyst
2 1 (6.67%) Equity Derivatives Business Analyst
2 1 (6.67%) Project Manager
Libraries, Frameworks & Software Standards
1 9 (60.00%) FpML
2 7 (46.67%) XML
3 1 (6.67%) XML Messaging
Miscellaneous
1 10 (66.67%) Derivative
2 4 (26.67%) Fixed Income
3 3 (20.00%) Interest Rate Derivative
3 3 (20.00%) Equity Derivative
4 1 (6.67%) SWIFT
4 1 (6.67%) Equities
4 1 (6.67%) Credit Derivative
4 1 (6.67%) Foreign Exchange (FX)
Processes & Methodologies
1 6 (40.00%) Data Analysis
2 4 (26.67%) Business Analysis
2 4 (26.67%) User Acceptance Testing
3 3 (20.00%) Capacity Planning
3 3 (20.00%) Validation
4 2 (13.33%) Agile Software Development
4 2 (13.33%) Test Strategy
4 2 (13.33%) Data Mapping
4 2 (13.33%) Electronic Trading
5 1 (6.67%) BPMN
5 1 (6.67%) Test Management
5 1 (6.67%) Agile Testing
5 1 (6.67%) Software Testing
5 1 (6.67%) UML
5 1 (6.67%) RUP
5 1 (6.67%) Data Modelling
5 1 (6.67%) BPR
5 1 (6.67%) Project Management
Programming Languages
1 9 (60.00%) SQL
2 3 (20.00%) T-SQL
Qualifications
1 2 (13.33%) ISEB
2 1 (6.67%) ISEB Practitioner
Quality Assurance & Compliance
1 9 (60.00%) EMIR
2 5 (33.33%) Dodd-Frank
3 1 (6.67%) Sarbanes-Oxley
Systems Management
1 1 (6.67%) HP Quality Center
Vendors
1 3 (20.00%) Calypso
1 3 (20.00%) ION Trading
1 3 (20.00%) Tradeweb