The table below looks at the prevalence of the term Interest Rate Derivative in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Interest Rate Derivative over the 3 months to 31 October 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
31 Oct 2014
Same period 2013 Same period 2012
Interest Rate Derivatives
Rank 375 339 257
Rank change year-on-year
-36 -82
Contract jobs citing Interest Rate Derivative 40 84 148
As % of all contract IT jobs located in London 0.16% 0.33% 0.62%
As % of the Miscellaneous category 0.46% 0.88% 1.64%
Number of daily rates quoted 37 70 125
Average daily rate
Keep up to 90%
of your Daily Rate
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£600 £556 £600
Average daily rate % change year-on-year
+7.86% -7.29%
90% offered a daily rate of more than £503 £525 £450
10% offered a daily rate of more than £650 £650 £688
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Interest Rate Derivative
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
8674 9493 9002
As % of all contract IT jobs located in London 35.31% 37.58% 37.76%
Number of daily rates quoted 6062 6699 6221
Average daily rate £450 £450 £475
Average daily rate % change year-on-year
- -5.26%
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £647 £625 £625
UK excluding London average daily rate £355 £350 £350
% change year-on-year
+1.42% -
Number of hourly rates quoted 186 167 216
Average hourly rate £17.00 £19.50 £21.50
Average hourly rate % change year-on-year
-12.82% -9.30%
90% offered a hourly rate of more than £12.50 £13.50 £12.50
10% offered a hourly rate of more than £53.50 £47.00 £47.50
UK excluding London average hourly rate £17.00 £18.00 £21.00
% change year-on-year
-5.55% -14.28%

Interest Rate Derivative
Jobs Demand Trend in London

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

Interest Rate Derivative Jobs Demand Trend in London

Interest Rate Derivative
Daily Rate Trend in London

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

Interest Rate Derivative Daily Rate Trend in London

Interest Rate Derivative
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Interest Rate Derivative across the London region over the 3 months to 31 October 2014.

Interest Rate Derivative Daily Rate Histogram in London

Interest Rate Derivative
Hourly Rate Trend in London

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

Interest Rate Derivative Hourly Rate Trend in London

Interest Rate Derivative
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 Interest Rate Derivative within the London region over the 3 months to 31 October 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 -1 10 £600 +4.34% 4
Docklands, London - - - -
Canary Wharf - - - -
Interest Rate Derivative
England

Interest Rate Derivative
Top 30 Related IT Skills in London

For the 6 months to 31 October 2014, IT contractor jobs across the London region citing Interest Rate Derivative 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 Interest Rate Derivative.

1 77 (96.25%) Derivative
2 45 (56.25%) Finance
3 39 (48.75%) C++
4 36 (45.00%) Front Office
5 35 (43.75%) SQL
6 33 (41.25%) Fixed Income
7 28 (35.00%) Foreign Exchange (FX)
8 27 (33.75%) C#
9 26 (32.50%) STL
9 26 (32.50%) XML
9 26 (32.50%) Boost C++ Libraries
10 24 (30.00%) Oracle
11 23 (28.75%) Windows
12 22 (27.50%) Grid Computing
13 20 (25.00%) .NET
14 19 (23.75%) Risk Analysis
15 18 (22.50%) Analytics
15 18 (22.50%) Python
15 18 (22.50%) FpML
16 16 (20.00%) Microsoft
16 16 (20.00%) Agile Software Development
16 16 (20.00%) Banking
17 15 (18.75%) Java
17 15 (18.75%) Workflow
18 14 (17.50%) MS Excel
19 13 (16.25%) MS Project
20 12 (15.00%) Risk Management
20 12 (15.00%) Project Planning
20 12 (15.00%) Spreadsheet
20 12 (15.00%) Windows 7

Interest Rate Derivative
Top Related IT Skills in London by Category

For the 6 months to 31 October 2014, IT contractor jobs across the London region citing Interest Rate Derivative 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 Interest Rate Derivative. Up to 20 skills are shown per category.

Application Platforms
1 1 (1.25%) Oracle Coherence
Applications
1 14 (17.50%) MS Excel
2 13 (16.25%) MS Project
3 12 (15.00%) Spreadsheet
4 2 (2.50%) MS Visio
4 2 (2.50%) MS PowerPoint
Business Applications
1 2 (2.50%) Summit
Database & Business Intelligence
1 8 (10.00%) Oracle Database
2 7 (8.75%) Relational Database
2 7 (8.75%) Oracle Database 10g
3 4 (5.00%) SQL Server
4 2 (2.50%) SQL Server Reporting Services
4 2 (2.50%) SQL Server Integration Services
5 1 (1.25%) Oracle Database 11g
5 1 (1.25%) Hazelcast
5 1 (1.25%) Data Mart
5 1 (1.25%) Data Mining
Development Applications
1 8 (10.00%) Visual Studio
1 8 (10.00%) Subversion
2 2 (2.50%) Maven
2 2 (2.50%) JIRA
2 2 (2.50%) TeamCity
2 2 (2.50%) Team Foundation Server
2 2 (2.50%) Gradle
2 2 (2.50%) JUnit
3 1 (1.25%) CppUnit
General
1 45 (56.25%) Finance
2 36 (45.00%) Front Office
3 16 (20.00%) Banking
4 10 (12.50%) Investment Banking
5 7 (8.75%) Back Office
6 3 (3.75%) Retail
7 2 (2.50%) Financial Institution
8 1 (1.25%) Retail Banking
Job Titles
1 50 (62.50%) Developer
2 17 (21.25%) Analyst
3 13 (16.25%) Business Analyst
4 11 (13.75%) Lead Developer
4 11 (13.75%) Technical Leader
4 11 (13.75%) Technical Developer
5 10 (12.50%) C++ Developer
6 7 (8.75%) C# Developer
6 7 (8.75%) SQL Developer
7 6 (7.50%) Front Office Developer
8 5 (6.25%) Senior Developer
8 5 (6.25%) Java Developer
8 5 (6.25%) C++/C# Developer
9 4 (5.00%) Test Leader
9 4 (5.00%) Scala Developer
10 3 (3.75%) Investment Banking Business Analyst
10 3 (3.75%) Murex Support
10 3 (3.75%) Murex Analyst
10 3 (3.75%) Project Manager
10 3 (3.75%) Python Developer
Libraries, Frameworks & Software Standards
1 26 (32.50%) STL
1 26 (32.50%) XML
1 26 (32.50%) Boost C++ Libraries
2 20 (25.00%) .NET
3 18 (22.50%) FpML
4 7 (8.75%) XSLT
5 6 (7.50%) Spring
6 5 (6.25%) HTML5
6 5 (6.25%) HTML
6 5 (6.25%) AngularJS
7 3 (3.75%) Murex MxML
8 2 (2.50%) Restlet
8 2 (2.50%) MDX
8 2 (2.50%) WCF
8 2 (2.50%) WPF
8 2 (2.50%) Middleware
8 2 (2.50%) WinForms
8 2 (2.50%) ASP.NET
9 1 (1.25%) DOM
Miscellaneous
1 77 (96.25%) Derivative
2 33 (41.25%) Fixed Income
3 28 (35.00%) Foreign Exchange (FX)
4 22 (27.50%) Grid Computing
5 11 (13.75%) Credit Derivative
6 5 (6.25%) Swaptions
6 5 (6.25%) Analytical Skills
7 4 (5.00%) Open Source
7 4 (5.00%) Mathematics
7 4 (5.00%) Computer Science
8 3 (3.75%) Equity Derivative
8 3 (3.75%) DTCC
9 2 (2.50%) Hedge funds
9 2 (2.50%) Market Risk
9 2 (2.50%) Reference Data
9 2 (2.50%) Visualisation
10 1 (1.25%) Credit Risk
10 1 (1.25%) Equities
Operating Systems
1 23 (28.75%) Windows
2 12 (15.00%) Windows 7
3 9 (11.25%) UNIX
4 5 (6.25%) Linux
5 1 (1.25%) Windows Server 2003
5 1 (1.25%) Windows Server 2008
Processes & Methodologies
1 19 (23.75%) Risk Analysis
2 18 (22.50%) Analytics
3 16 (20.00%) Agile Software Development
4 15 (18.75%) Workflow
5 12 (15.00%) Risk Management
5 12 (15.00%) Project Planning
6 10 (12.50%) Business Analysis
6 10 (12.50%) Unit Testing
7 9 (11.25%) Multithreading
8 8 (10.00%) Regression Testing
9 6 (7.50%) Greeks
10 4 (5.00%) Data Analysis
10 4 (5.00%) Data Modelling
10 4 (5.00%) OO
10 4 (5.00%) TDD
10 4 (5.00%) Low Latency
11 2 (2.50%) Rapid Prototyping
11 2 (2.50%) Project Management
11 2 (2.50%) MVC
11 2 (2.50%) Migration
Programming Languages
1 39 (48.75%) C++
2 35 (43.75%) SQL
3 27 (33.75%) C#
4 18 (22.50%) Python
5 15 (18.75%) Java
6 9 (11.25%) Scala
7 7 (8.75%) VC++
8 5 (6.25%) JavaScript
9 4 (5.00%) VBA
10 3 (3.75%) Perl
11 1 (1.25%) VB
11 1 (1.25%) VB6
11 1 (1.25%) PowerShell
Qualifications
1 7 (8.75%) Degree
2 2 (2.50%) MCSD
2 2 (2.50%) MCSE
2 2 (2.50%) Microsoft Certification
3 1 (1.25%) ISEB Practitioner
3 1 (1.25%) ISEB
Quality Assurance & Compliance
1 3 (3.75%) EMIR
2 1 (1.25%) Data Quality
Systems Management
1 2 (2.50%) HP Quality Center
Vendors
1 24 (30.00%) Oracle
2 16 (20.00%) Microsoft
3 10 (12.50%) Murex
4 7 (8.75%) Tradeweb
5 3 (3.75%) DataSynapse
6 2 (2.50%) Infragistics
6 2 (2.50%) Sybase
6 2 (2.50%) DevExpress
7 1 (1.25%) Business Objects
7 1 (1.25%) Calypso
7 1 (1.25%) HP
7 1 (1.25%) MicroStrategy
7 1 (1.25%) TIBCO
London
TEKsystems
Rate: £600 - £660 per day
Posted: Yesterday
City, London
Deerfoot IT Resources Ltd
Rate: £550 - £650 per day
Posted: Yesterday
City, London
TEKsystems
Rate: £550 - £650 per day
Posted: 4 days ago