The table below looks at the prevalence of the term Index Arbitrage in IT contracts advertised for the London region. Included is a guide to the contractor rates offered in IT contracts that have cited Index Arbitrage over the 3 months to 6 May 2016 with a comparison to the same period over 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.

3 months to
6 May 2016
Same period 2015 Same period 2014
Index Arbitrage
Rank - 423 429
Contract jobs citing Index Arbitrage 0 1 4
As % of all contract IT jobs located in London - 0.004% 0.017%
As % of the Miscellaneous category - 0.012% 0.045%
Number of daily rates quoted 0 1 2
Median daily rate - £550 £425
Median daily rate % change year-on-year
- +29.41%
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
Index Arbitrage
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
8234 8172 8855
As % of all contract IT jobs located in London 36.13% 36.33% 37.92%
Number of daily rates quoted 5901 5543 6233
Median daily rate £475 £473 £450
Median daily rate % change year-on-year
+0.52% +5.00%
90% offered a daily rate of more than £295 £280 £275
10% offered a daily rate of more than £650 £650 £650
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 115 127 159
Median hourly rate £22.00 £17.87 £21.00
Median hourly rate % change year-on-year
+23.14% -14.92%
90% offered a hourly rate of more than £12.50 £13.00 £14.00
10% offered a hourly rate of more than £53.00 £48.00 £41.00
UK excluding London median hourly rate £22.00 £19.00 £20.50
% change year-on-year
+15.78% -7.31%

Index Arbitrage
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing Index Arbitrage as a proportion of all IT contracts with a match in the Miscellaneous category.

Index Arbitrage Jobs Demand Trend in London

Index Arbitrage
Daily Rate Trend in London

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

Index Arbitrage Daily Rate Trend in London