The first table below looks at the demand for FpML skills in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited FpML over the 3 months to 20 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 of the Application Development 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
20 May 2013
Same period 2012 Same period 2011
Financial Products Markup Language (FpML)
Rank 346 344 320
Rank change year-on-year
-2 -24
Contract jobs citing FpML 35 58 116
As % of all contract IT jobs located in London 0.161% 0.216% 0.378%
As % of the Application Development category 0.556% 0.773% 1.239%
Number of daily rates quoted 21 39 85
Average daily rate £525 £550 £525
Average daily rate % change year-on-year
-4.54% +4.76%
90% offered a daily rate of more than £350 £325 £433
10% offered a daily rate of more than £625 £600 £650
UK excluding London average daily rate - - £700
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Application Development
London
Contract IT job ads with a match in the
Application Development category
6292 7507 9363
As % of all contract IT jobs located in London 29.00% 27.96% 30.52%
Number of daily rates quoted 4553 4947 6282
Average daily rate £405 £400 £450
Average daily rate % change year-on-year
+1.25% -11.11%
90% offered a daily rate of more than £285 £280 £275
10% offered a daily rate of more than £575 £575 £600
UK excluding London average daily rate £325 £325 £325
Number of hourly rates quoted 90 103 136
Average hourly rate £41.50 £34.00 £35.00
Average hourly rate % change year-on-year
+22.05% -2.85%
90% offered a hourly rate of more than £19.00 £15.20 £17.40
10% offered a hourly rate of more than £54.00 £47.50 £55.00
UK excluding London average hourly rate £35.00 £32.00 £36.50
% change year-on-year
+9.37% -12.32%
FpML
England

FpML
Jobs Demand Trend

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

London FpML Jobs Demand Trend

FpML
Daily Rate Trend

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

London FpML Daily Rate Trend

FpML
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing FpML across the London region over the 3 months to 20 May 2013.

London FpML Daily Rate Histogram

FpML
Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing FpML within the London region over the 3 months to 20 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 +6 11 £500 -
Canary Wharf - 1 £450 -
FpML
England

FpML
Top 30 Related IT Skills

For the 6 months to 20 May 2013, IT contractor jobs across the London region citing FpML 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 FpML.

1 36 (63.16%) Banking
2 35 (61.40%) Derivative
3 34 (59.65%) Finance
4 30 (52.63%) XML
5 29 (50.88%) Front Office
6 28 (49.12%) Investment Banking
7 21 (36.84%) Data Modelling
8 19 (33.33%) UML
8 19 (33.33%) Foreign Exchange (FX)
9 17 (29.82%) SQL
9 17 (29.82%) Basel III
9 17 (29.82%) Analytics
10 16 (28.07%) TDD
11 14 (24.56%) Risk Management
11 14 (24.56%) Credit Derivative
11 14 (24.56%) Credit Risk
11 14 (24.56%) Market Risk
11 14 (24.56%) Risk Analytics
12 10 (17.54%) Windows
12 10 (17.54%) Business Analysis
12 10 (17.54%) Fixed Income
13 9 (15.79%) User Acceptance Testing
14 7 (12.28%) Agile Software Development
14 7 (12.28%) Equities
14 7 (12.28%) Basel II
15 6 (10.53%) Back Office
15 6 (10.53%) Interest Rate Derivative
16 5 (8.772%) Workflow
16 5 (8.772%) XSLT
16 5 (8.772%) Data Warehouse

FpML
Top Related IT Skills by Category

For the 6 months to 20 May 2013, IT contractor jobs across the London region citing FpML 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 FpML. Up to 20 skills are shown per category.

Application Development
1 30 (52.63%) XML
2 5 (8.772%) XSLT
2 5 (8.772%) STL
3 4 (7.018%) Hibernate
3 4 (7.018%) Spring
3 4 (7.018%) JMS
4 3 (5.263%) FIXML
4 3 (5.263%) XML Messaging
4 3 (5.263%) ATL
5 2 (3.509%) XSL
5 2 (3.509%) J2EE
5 2 (3.509%) WCF
5 2 (3.509%) WPF
5 2 (3.509%) iBATIS
6 1 (1.754%) FIX Protocol
6 1 (1.754%) JPA
6 1 (1.754%) Guice
6 1 (1.754%) JFace
6 1 (1.754%) Tapestry
6 1 (1.754%) SWT
Application Platforms
1 2 (3.509%) PowerExchange
1 2 (3.509%) Oracle Workflow
Applications
1 2 (3.509%) MS Excel
1 2 (3.509%) MS Visio
1 2 (3.509%) MS PowerPoint
Business Applications
1 2 (3.509%) Summit
Communications & Networking
1 1 (1.754%) HTTP
1 1 (1.754%) DSL
1 1 (1.754%) AMQP
Database & Business Intelligence
1 5 (8.772%) Data Warehouse
2 3 (5.263%) Data Mining
2 3 (5.263%) SQL Server
3 2 (3.509%) Oracle 8/8i
3 2 (3.509%) Oracle 10g
3 2 (3.509%) PowerCenter
Development Applications
1 3 (5.263%) Rational Rose
2 2 (3.509%) Subversion
2 2 (3.509%) jMock
2 2 (3.509%) JUnit
2 2 (3.509%) Visual Studio
3 1 (1.754%) TestNG
General
1 36 (63.16%) Banking
2 34 (59.65%) Finance
3 29 (50.88%) Front Office
4 28 (49.12%) Investment Banking
5 6 (10.53%) Back Office
6 3 (5.263%) Financial Institution
7 1 (1.754%) Corporate Banking
Job Titles
1 39 (68.42%) Analyst
2 33 (57.89%) Business Analyst
3 14 (24.56%) Banking Business Analyst
3 14 (24.56%) Investment Banking Business Analyst
4 13 (22.81%) Developer
5 8 (14.04%) Risk Analyst
6 7 (12.28%) Systems Analyst
7 5 (8.772%) Business Systems Analyst
8 4 (7.018%) Java Developer
8 4 (7.018%) Technical Analyst
8 4 (7.018%) XML Developer
9 3 (5.263%) Technical Business Analyst
9 3 (5.263%) Senior Developer
9 3 (5.263%) Architect
10 2 (3.509%) Consultant
10 2 (3.509%) C++ Developer
10 2 (3.509%) Data Analyst
10 2 (3.509%) Senior C++ Developer
10 2 (3.509%) SQL Developer
10 2 (3.509%) Informatica Consultant
Miscellaneous
1 35 (61.40%) Derivative
2 19 (33.33%) Foreign Exchange (FX)
3 14 (24.56%) Credit Risk
3 14 (24.56%) Market Risk
3 14 (24.56%) Credit Derivative
4 10 (17.54%) Fixed Income
5 7 (12.28%) Equities
6 6 (10.53%) Interest Rate Derivative
7 4 (7.018%) SWIFT
8 3 (5.263%) DTCC
8 3 (5.263%) Management Information System
9 2 (3.509%) Reference Data
10 1 (1.754%) Data Integration
10 1 (1.754%) Inversion of Control
10 1 (1.754%) Swaptions
Operating Systems
1 10 (17.54%) Windows
2 1 (1.754%) Solaris
2 1 (1.754%) Linux
2 1 (1.754%) UNIX
Processes & Methodologies
1 21 (36.84%) Data Modelling
2 19 (33.33%) UML
3 17 (29.82%) Analytics
4 16 (28.07%) TDD
5 14 (24.56%) Risk Management
5 14 (24.56%) Risk Analytics
6 10 (17.54%) Business Analysis
7 9 (15.79%) User Acceptance Testing
8 7 (12.28%) Agile Software Development
9 5 (8.772%) Workflow
10 4 (7.018%) System Testing
11 3 (5.263%) Test Scripting
11 3 (5.263%) Multithreading
11 3 (5.263%) Data Analytics
11 3 (5.263%) Migration
11 3 (5.263%) Data Management
11 3 (5.263%) OOP
11 3 (5.263%) GAP Analysis
12 2 (3.509%) Regression Testing
12 2 (3.509%) OOD
Programming Languages
1 17 (29.82%) SQL
2 5 (8.772%) C#
2 5 (8.772%) Java
3 4 (7.018%) C++
4 3 (5.263%) VBA
5 2 (3.509%) VC++
5 2 (3.509%) C
6 1 (1.754%) Bash shell
Qualifications
1 1 (1.754%) ISEB
1 1 (1.754%) Degree
Quality Assurance & Compliance
1 17 (29.82%) Basel III
2 7 (12.28%) Basel II
3 2 (3.509%) ISO 9001
4 1 (1.754%) MiFID
Systems Management
1 2 (3.509%) Control-M
2 1 (1.754%) HP Quality Center
Vendors
1 5 (8.772%) Oracle
2 3 (5.263%) Microsoft
3 2 (3.509%) Informatica
3 2 (3.509%) Tradeweb
4 1 (1.754%) TIBCO
4 1 (1.754%) CA
4 1 (1.754%) Sybase