London Foreign Exchange (FX) Contracts

The table below looks at the demand for Foreign Exchange (FX) skills within the London region with a comparison to our Miscellaneous category. Included is a guide to the contractor rates offered in IT jobs that have cited Foreign Exchange (FX) over the 3 months to 10 October 2008 with a comparison to the same period last year.

Foreign Exchange (FX)
Location Basingstoke Berkshire Bracknell Canary Wharf City of London Croydon Docklands, London East Midlands England Hampshire London Midlands Nottingham Nottinghamshire Portsmouth Scotland South East Surrey UK	3 months to 10 Oct 2008	Same period last year
Rank	49	36
Rank change on same period last year	-13
Matching contract IT job ads	1046	1868
As % of all UK contract IT job ads sampled	1.473 %	1.888 %
As % of the category below	12.01 %	14.09 %
Daily rates quoted	534	1028
Average minimum daily rate	£528	£533
Average daily rate	£566	£573
% change on same period last year	-1.20 %
Average maximum daily rate	£604	£614
UK excluding London average daily rate	£538	£436
% change on same period last year	+23.34 %
Hourly rates quoted	1	11
Average minimum hourly rate	£125.00	£21.91
Average hourly rate	£137.50	£28.18
% change on same period last year	+387.90 %
Average maximum hourly rate	£150.00	£34.45
UK excluding London average hourly rate	-	-
% change on same period last year	-
Miscellaneous London
Matching contract IT job ads	8710	13260
As % of all UK contract IT job ads sampled	12.26 %	13.40 %
Daily rates quoted	4201	5801
Average minimum daily rate	£465	£492
Average daily rate	£501	£527
% change on same period last year	-5.03 %
Average maximum daily rate	£536	£562
UK excluding London average daily rate	£349	£345
% change on same period last year	+1.19 %
Hourly rates quoted	362	496
Average minimum hourly rate	£26.44	£22.23
Average hourly rate	£28.42	£24.15
% change on same period last year	+17.70 %
Average maximum hourly rate	£30.41	£26.07
UK excluding London average hourly rate	£24.99	£26.29
% change on same period last year	-4.93 %
Foreign Exchange (FX) England

We calculate average IT contractor rates directly from the figures quoted and do not attempt to derive hourly rates from daily rates or vice versa.

Foreign Exchange (FX)
Demand Trend

The chart provides a 3-month moving total beginning in 2004 of IT contractor jobs citing Foreign Exchange (FX) across the London region as a proportion of the total demand within the Miscellaneous category.

Foreign Exchange (FX)
Daily Rate Trend

The chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Foreign Exchange (FX) across the London region.

Foreign Exchange (FX)
Daily Rate Histogram

The chart provides a histogram of daily rates quoted in contract IT jobs citing Foreign Exchange (FX) across the London region over the 3 months to 10 October 2008.

Foreign Exchange (FX)
Hourly Rate Trend

The chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Foreign Exchange (FX) across the London region.

Foreign Exchange (FX)
Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Foreign Exchange (FX) within the London region over the 3 months to 10 October 2008. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year. A positive number indicates a relative increase in demand.

Location	Rank Change on Same Period Last Last	Matching Contract IT Job Ads	Average Daily Rate Last 3 Months	Average Daily Rate % Change on Same Period Last Year
City of London	-4	433	£543	-8.26 %
Docklands, London	+1	49	£528	-10.74 %
Canary Wharf	-11	19	£538	+2.84 %
Croydon	+7	5	-	-

Foreign Exchange (FX) England

Foreign Exchange (FX)
Top 30 Related IT Skills

For the 6 months to 10 October 2008, IT contractor jobs across the London region citing Foreign Exchange (FX) 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 Foreign Exchange (FX).

1 886 (45.51 %) Banking 2 794 (40.78 %) Derivative 3 769 (39.50 %) Front Office 4 749 (38.47 %) Investment Banking 5 489 (25.12 %) Finance 6 485 (24.91 %) Java 7 420 (21.57 %) Back Office 8 415 (21.31 %) Fixed Income 9 401 (20.60 %) SQL 10 380 (19.52 %) C# 11 298 (15.31 %) C++ 12 267 (13.71 %) Calypso 13 255 (13.10 %) Equities 14 234 (12.02 %) UNIX 15 218 (11.20 %) Business Analysis

16 217 (11.15 %) OO 17 207 (10.63 %) Oracle 18 204 (10.48 %) .NET 19 199 (10.22 %) XML 20 197 (10.12 %) Credit Derivative 21 196 (10.07 %) Interest Rate Derivative 22 191 (9.810 %) Sybase 23 179 (9.194 %) Murex 24 168 (8.629 %) Risk Management 25 155 (7.961 %) Project Management 26 153 (7.858 %) E-Commerce 27 135 (6.934 %) Equity Derivative 28 133 (6.831 %) WinForms 29 112 (5.752 %) Migration 29 112 (5.752 %) Workflow

Foreign Exchange (FX)
Top Related IT Skills by Category

For the 6 months to 10 October 2008, IT contractor jobs across the London region citing Foreign Exchange (FX) 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 Foreign Exchange (FX). Up to 20 skills are shown per category.

Application Development 1 204 (10.48 %) .NET 2 199 (10.22 %) XML 3 133 (6.831 %) WinForms 4 97 (4.982 %) J2EE 5 70 (3.595 %) Spring 6 52 (2.671 %) Hibernate 7 48 (2.465 %) Swing 8 40 (2.054 %) J2SE 9 30 (1.541 %) WebServices 10 29 (1.489 %) AJAX 11 28 (1.438 %) FpML 11 28 (1.438 %) JDBC 12 27 (1.387 %) XSLT 13 23 (1.181 %) Middleware 14 22 (1.130 %) .NET Framework 15 20 (1.027 %) FIX Protocol 16 18 (0.924 %) HTML 17 17 (0.873 %) JMS 17 17 (0.873 %) .NET Remoting 18 16 (0.822 %) Murex Flex	Application Platforms 1 49 (2.517 %) Rendezvous 2 29 (1.489 %) MTS 3 23 (1.181 %) WebLogic 4 21 (1.079 %) TIBCO EMS 5 19 (0.976 %) MQSeries 6 6 (0.308 %) SharePoint 7 4 (0.205 %) SmartSockets 7 4 (0.205 %) BizTalk Server 7 4 (0.205 %) WebSphere MQ 8 3 (0.154 %) IIS 8 3 (0.154 %) JBoss 9 2 (0.103 %) Tomcat 9 2 (0.103 %) Oracle Workflow 10 1 (0.051 %) Oracle Application Server 10 1 (0.051 %) Commerce Server 10 1 (0.051 %) Blackberry Enterprise Server 10 1 (0.051 %) CMS 10 1 (0.051 %) LiveLink 10 1 (0.051 %) Tuxedo 10 1 (0.051 %) MS Exchange
Applications 1 41 (2.106 %) MS Excel 2 15 (0.770 %) MS Office 3 14 (0.719 %) MS Project 4 8 (0.411 %) Spreadsheet 5 7 (0.360 %) MS Visio 6 6 (0.308 %) MS PowerPoint 7 4 (0.205 %) CA Clarity	Business Applications 1 48 (2.465 %) Summit 2 40 (2.054 %) Capstone 3 26 (1.335 %) Minerva 4 24 (1.233 %) Tesseract 5 22 (1.130 %) Sentinel 6 9 (0.462 %) Murex MxG2000 7 8 (0.411 %) Salerio 7 8 (0.411 %) Kondor+ 8 6 (0.308 %) LongView 9 5 (0.257 %) Oracle EBS 10 4 (0.205 %) FLEXCUBE 11 3 (0.154 %) Hyperion Enterprise 11 3 (0.154 %) Temenos T24 11 3 (0.154 %) Temenos Globus 12 2 (0.103 %) FRONT ARENA 12 2 (0.103 %) SAP CO 12 2 (0.103 %) SAP FI/CO 12 2 (0.103 %) Endur 12 2 (0.103 %) Microsoft CRM 12 2 (0.103 %) BusinessWorks
Communications & Networking 1 23 (1.181 %) Internet 2 12 (0.616 %) TCP/IP 3 6 (0.308 %) FTP 4 2 (0.103 %) Intranet 5 1 (0.051 %) VoIP 5 1 (0.051 %) SSL	Database & Business Intelligence 1 97 (4.982 %) SQL Server 2 50 (2.568 %) Reference Data 3 25 (1.284 %) RDBMS 4 13 (0.668 %) Crystal Reports 4 13 (0.668 %) Oracle Reports 5 12 (0.616 %) ETL 6 11 (0.565 %) Oracle Discoverer 7 9 (0.462 %) MS Access 7 9 (0.462 %) GIS 8 8 (0.411 %) Data Mart 9 7 (0.360 %) SQL Server 2005 9 7 (0.360 %) Datawarehouse 10 6 (0.308 %) DB2 11 5 (0.257 %) Oracle 8/8i 11 5 (0.257 %) Oracle 10g 11 5 (0.257 %) DB2 UDB 12 4 (0.205 %) TOAD 12 4 (0.205 %) Data Mining 13 3 (0.154 %) Oracle 9i 13 3 (0.154 %) MySQL
Development Applications 1 58 (2.979 %) NUnit 2 44 (2.260 %) Log4Net 3 24 (1.233 %) JUnit 4 17 (0.873 %) Rational Rose 5 14 (0.719 %) TestDirector 6 12 (0.616 %) Eclipse 7 8 (0.411 %) Ant 7 8 (0.411 %) QuickTest Pro 8 7 (0.360 %) ClearCase 9 5 (0.257 %) WinRunner 9 5 (0.257 %) Subversion 10 4 (0.205 %) Visual Studio 11 3 (0.154 %) Oracle Forms 11 3 (0.154 %) FitNesse 12 2 (0.103 %) ClearQuest 13 1 (0.051 %) LoadRunner 13 1 (0.051 %) CruiseControl 13 1 (0.051 %) Flash	General 1 886 (45.51 %) Banking 2 769 (39.50 %) Front Office 3 749 (38.47 %) Investment Banking 4 489 (25.12 %) Finance 5 420 (21.57 %) Back Office 6 51 (2.619 %) Government 7 38 (1.952 %) Financial Institution 8 14 (0.719 %) General Ledger 9 13 (0.668 %) Retail 10 11 (0.565 %) Education 11 7 (0.360 %) Legal 11 7 (0.360 %) Marketing 12 4 (0.205 %) Billing 12 4 (0.205 %) Pensions 13 3 (0.154 %) Wholesale Banking 13 3 (0.154 %) Home Office 13 3 (0.154 %) Health 13 3 (0.154 %) Telecoms 13 3 (0.154 %) Insurance 13 3 (0.154 %) International Banking
Job Titles 1 763 (39.19 %) Analyst 2 715 (36.72 %) Developer 3 507 (26.04 %) Business Analyst 4 250 (12.84 %) C# Developer 5 240 (12.33 %) Java Developer 6 191 (9.810 %) Project Manager 7 106 (5.444 %) Investment Banking Business Analyst 8 93 (4.777 %) Support Analyst 9 83 (4.263 %) .NET Developer 10 80 (4.109 %) Senior Developer 11 62 (3.184 %) Banking Business Analyst 12 61 (3.133 %) C++ Developer 13 59 (3.030 %) Applications Support 13 59 (3.030 %) Programmer 14 58 (2.979 %) Murex Support 15 57 (2.928 %) Analyst Programmer 16 52 (2.671 %) Test Analyst 17 51 (2.619 %) Front Office Developer 18 48 (2.465 %) Calypso Developer 19 44 (2.260 %) Consultant	Miscellaneous 1 794 (40.78 %) Derivative 2 415 (21.31 %) Fixed Income 3 255 (13.10 %) Equities 4 197 (10.12 %) Credit Derivative 5 196 (10.07 %) Interest Rate Derivative 6 135 (6.934 %) Equity Derivative 7 96 (4.931 %) Market Risk 8 94 (4.828 %) Multithreading 9 42 (2.157 %) Credit Risk 10 34 (1.746 %) N-Tier 11 29 (1.489 %) Grid Computing 12 23 (1.181 %) Mathematics 13 18 (0.924 %) Tandem 14 16 (0.822 %) Computer Science 15 11 (0.565 %) DTCC 15 11 (0.565 %) Mainframe 16 10 (0.514 %) STB 16 10 (0.514 %) Hybrid Derivative 17 9 (0.462 %) Exotic Derivative 17 9 (0.462 %) Contract for Difference
Operating Systems 1 234 (12.02 %) UNIX 2 96 (4.931 %) Windows 3 49 (2.517 %) Linux 4 10 (0.514 %) Solaris 5 9 (0.462 %) Windows 2000 5 9 (0.462 %) Windows NT 6 8 (0.411 %) Windows XP 6 8 (0.411 %) Windows Server 2003 7 4 (0.205 %) Windows Server 2008 8 2 (0.103 %) Red Hat Linux 8 2 (0.103 %) SUSE 9 1 (0.051 %) VMS 9 1 (0.051 %) Mac OS X	Processes & Methodologies 1 218 (11.20 %) Business Analysis 2 217 (11.15 %) OO 3 168 (8.629 %) Risk Management 4 155 (7.961 %) Project Management 5 153 (7.858 %) E-Commerce 6 112 (5.752 %) Workflow 6 112 (5.752 %) Migration 7 87 (4.468 %) Asset Management 8 70 (3.595 %) OOD 9 66 (3.390 %) User Acceptance Testing 10 62 (3.184 %) Investment Management 11 57 (2.928 %) UML 12 49 (2.517 %) Greeks 13 48 (2.465 %) Automated Testing 14 46 (2.363 %) Change Management 15 41 (2.106 %) Data Migration 16 36 (1.849 %) Electronic Trading 16 36 (1.849 %) Test Scripting 17 33 (1.695 %) Data Analysis 17 33 (1.695 %) Monte Carlo Method
Programming Languages 1 485 (24.91 %) Java 2 401 (20.60 %) SQL 3 380 (19.52 %) C# 4 298 (15.31 %) C++ 5 74 (3.801 %) VBA 6 45 (2.311 %) Perl 7 41 (2.106 %) JavaScript 8 40 (2.054 %) C 9 35 (1.798 %) VC++ 10 32 (1.644 %) PL/SQL 11 22 (1.130 %) VB 12 20 (1.027 %) Shell Script 12 20 (1.027 %) COBOL 13 19 (0.976 %) DHTML 14 17 (0.873 %) Transact-SQL 15 13 (0.668 %) Korn 16 7 (0.360 %) Python 16 7 (0.360 %) PHP 17 4 (0.205 %) VBScript 18 3 (0.154 %) RPG	Qualifications 1 80 (4.109 %) Degree 2 8 (0.411 %) PRINCE2 Certification 3 4 (0.205 %) ACCA 3 4 (0.205 %) CIMA 4 3 (0.154 %) ITIL Certification 5 2 (0.103 %) PhD 5 2 (0.103 %) ISEB 5 2 (0.103 %) CFA 5 2 (0.103 %) PMI Certification 6 1 (0.051 %) PMP
Quality Assurance & Compliance 1 16 (0.822 %) QA 2 7 (0.360 %) Basel II 3 4 (0.205 %) MiFID 4 2 (0.103 %) WAI 5 1 (0.051 %) SLA 5 1 (0.051 %) Sarbanes-Oxley	System Software 1 1 (0.051 %) NDS 1 1 (0.051 %) Active Directory 1 1 (0.051 %) Oracle RAC
Systems Management 1 12 (0.616 %) CONTROL-M 2 9 (0.462 %) AutoSys	Vendors 1 267 (13.71 %) Calypso 2 207 (10.63 %) Oracle 3 191 (9.810 %) Sybase 4 179 (9.194 %) Murex 5 79 (4.058 %) Bloomberg 6 71 (3.647 %) TIBCO 7 57 (2.928 %) Microsoft 8 54 (2.773 %) Reuters 9 49 (2.517 %) Syncfusion 10 45 (2.311 %) LatentZero 11 43 (2.209 %) Tradeweb 12 33 (1.695 %) eSpeed 13 29 (1.489 %) DataSynapse 14 20 (1.027 %) GoldenSource 14 20 (1.027 %) Fidessa 15 16 (0.822 %) Cognotec 15 16 (0.822 %) thinkFolio 16 13 (0.668 %) Informatica 17 12 (0.616 %) Actuate 18 11 (0.565 %) Wall Street Systems