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 28 January 2015 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
28 Jan 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 354 353 275
Rank change year-on-year
-1 -78
Contract jobs citing Interest Rate Derivative 32 48 97
As % of all contract IT jobs located in London 0.15% 0.22% 0.49%
As % of the Miscellaneous category 0.44% 0.59% 1.31%
Number of daily rates quoted 31 41 86
Average daily rate
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£600 £550 £600
Average daily rate % change year-on-year
+9.09% -8.33%
90% offered a daily rate of more than £525 £400 £475
10% offered a daily rate of more than £650 £750 £650
UK excluding London average daily rate - £450 -
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
7305 8191 7426
As % of all contract IT jobs located in London 35.32% 37.47% 37.70%
Number of daily rates quoted 5142 5616 5213
Average daily rate £450 £450 £450
90% offered a daily rate of more than £285 £260 £275
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £370 £350 £338
% change year-on-year
+5.57% +3.70%
Number of hourly rates quoted 135 160 188
Average hourly rate £20.00 £24.00 £20.50
Average hourly rate % change year-on-year
-16.66% +17.07%
90% offered a hourly rate of more than £13.49 £13.50 £13.45
10% offered a hourly rate of more than £37.40 £52.50 £47.50
UK excluding London average hourly rate £18.00 £17.50 £20.00
% change year-on-year
+2.85% -12.50%

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 28 January 2015.

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 28 January 2015. 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 0 10 £600 -7.69% 3
Interest Rate Derivative
England

Interest Rate Derivative
Top 30 Related IT Skills in London

For the 6 months to 28 January 2015, 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 68 (98.55%) Derivative
2 39 (56.52%) Finance
3 35 (50.72%) Front Office
4 32 (46.38%) Foreign Exchange (FX)
4 32 (46.38%) XML
5 31 (44.93%) SQL
6 30 (43.48%) Analytics
7 29 (42.03%) Fixed Income
8 24 (34.78%) C++
8 24 (34.78%) Credit Derivative
9 23 (33.33%) Banking
9 23 (33.33%) C#
10 21 (30.43%) STL
10 21 (30.43%) Boost C++ Libraries
11 20 (28.99%) Investment Banking
12 19 (27.54%) Risk Analysis
12 19 (27.54%) Oracle
12 19 (27.54%) Grid Computing
13 17 (24.64%) Windows
13 17 (24.64%) Murex
14 16 (23.19%) .NET
15 15 (21.74%) Data Modelling
15 15 (21.74%) UML
15 15 (21.74%) Equity Derivative
16 14 (20.29%) Data Architecture
16 14 (20.29%) Python
17 13 (18.84%) MS Excel
17 13 (18.84%) Microsoft
17 13 (18.84%) Financial Institution
17 13 (18.84%) Agile Software Development

Interest Rate Derivative
Top Related IT Skills in London by Category

For the 6 months to 28 January 2015, 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.

Applications
1 13 (18.84%) MS Excel
2 12 (17.39%) Spreadsheet
2 12 (17.39%) MS Project
3 1 (1.45%) MS Visio
3 1 (1.45%) MS PowerPoint
Business Applications
1 1 (1.45%) Summit
Database & Business Intelligence
1 3 (4.35%) Oracle Database
2 2 (2.90%) Relational Database
2 2 (2.90%) SQL Server
2 2 (2.90%) Oracle Database 10g
3 1 (1.45%) Data Mining
3 1 (1.45%) Oracle Database 11g
Development Applications
1 5 (7.25%) JIRA
2 3 (4.35%) Visual Studio
2 3 (4.35%) Subversion
3 1 (1.45%) CppUnit
General
1 39 (56.52%) Finance
2 35 (50.72%) Front Office
3 23 (33.33%) Banking
4 20 (28.99%) Investment Banking
5 13 (18.84%) Financial Institution
6 4 (5.80%) Back Office
Job Titles
1 28 (40.58%) Developer
2 17 (24.64%) Analyst
3 12 (17.39%) Data Modeller
4 11 (15.94%) Lead Developer
4 11 (15.94%) Technical Developer
4 11 (15.94%) Technical Leader
5 10 (14.49%) C++ Developer
6 9 (13.04%) Business Analyst
7 7 (10.14%) C# Developer
7 7 (10.14%) Murex Analyst
8 6 (8.70%) Murex Support
8 6 (8.70%) Murex Support Analyst
8 6 (8.70%) Support Analyst
9 5 (7.25%) Test Manager
9 5 (7.25%) C++/C# Developer
9 5 (7.25%) Contracts Manager
10 3 (4.35%) Data Architect
10 3 (4.35%) Senior Developer
10 3 (4.35%) Architect
11 2 (2.90%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 32 (46.38%) XML
2 21 (30.43%) STL
2 21 (30.43%) Boost C++ Libraries
3 16 (23.19%) .NET
4 10 (14.49%) FpML
5 7 (10.14%) Murex MxML
6 2 (2.90%) XSLT
Miscellaneous
1 68 (98.55%) Derivative
2 32 (46.38%) Foreign Exchange (FX)
3 29 (42.03%) Fixed Income
4 24 (34.78%) Credit Derivative
5 19 (27.54%) Grid Computing
6 15 (21.74%) Equity Derivative
7 1 (1.45%) Analytical Skills
7 1 (1.45%) Credit Risk
7 1 (1.45%) Reference Data
7 1 (1.45%) DTCC
7 1 (1.45%) Economics
Operating Systems
1 17 (24.64%) Windows
2 12 (17.39%) Windows 7
3 7 (10.14%) UNIX
4 1 (1.45%) Windows Server 2003
4 1 (1.45%) Windows Server 2008
Processes & Methodologies
1 30 (43.48%) Analytics
2 19 (27.54%) Risk Analysis
3 15 (21.74%) Data Modelling
3 15 (21.74%) UML
4 14 (20.29%) Data Architecture
5 13 (18.84%) Agile Software Development
6 12 (17.39%) Project Planning
7 7 (10.14%) Risk Management
7 7 (10.14%) Business Analysis
8 5 (7.25%) Workflow
8 5 (7.25%) Test Management
8 5 (7.25%) Software Testing
9 3 (4.35%) Regression Testing
9 3 (4.35%) Unit Testing
9 3 (4.35%) Data Analysis
9 3 (4.35%) Requirements Analysis
10 2 (2.90%) Data Governance
10 2 (2.90%) Logical Data Model
10 2 (2.90%) Physical Data Model
10 2 (2.90%) Greeks
Programming Languages
1 31 (44.93%) SQL
2 24 (34.78%) C++
3 23 (33.33%) C#
4 14 (20.29%) Python
5 8 (11.59%) Perl
6 3 (4.35%) VBA
7 2 (2.90%) VC++
8 1 (1.45%) Java
8 1 (1.45%) PowerShell
Qualifications
1 5 (7.25%) ISEB
1 5 (7.25%) Degree
1 5 (7.25%) ISEB Practitioner
Quality Assurance & Compliance
1 1 (1.45%) Basel II
1 1 (1.45%) Data Quality
1 1 (1.45%) EMIR
Systems Management
1 5 (7.25%) HP Quality Center
Vendors
1 19 (27.54%) Oracle
2 17 (24.64%) Murex
3 13 (18.84%) Microsoft
4 7 (10.14%) Sybase
5 5 (7.25%) Calypso
5 5 (7.25%) HP
6 4 (5.80%) Tradeweb
7 2 (2.90%) DataSynapse
8 1 (1.45%) TIBCO
8 1 (1.45%) MicroStrategy
8 1 (1.45%) Business Objects
East London
Randstad Technologies
Rate: £0.00 per day
Posted: 2 hours ago
City, London
Randstad Technologies
Rate: £0.00 per annum
Posted: 2 hours ago
City, London
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Rate: £600.00 - £700 per day
Posted: 23 hours ago
City, London
Pioneer Search
Rate: £550 - £650 per day
Posted: Yesterday
London
Huxley Banking & Financial Services
Rate: £600 - £660 per day + competitive
Posted: 19 days ago