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This section looks at the demand for Interest Rate Derivatives skills within the London region with a comparison to our Miscellaneous category. Included is a guide to the contractor rates offered in IT job ads that have cited Interest Rate Derivative over the 3 months to 8 July 2008 with a comparison to the same period last year.

LinkInterest Rate Derivatives
Location
3 months to 8 Jul 2008Same period last year
Rank151135
Rank change on same period last yearDown-16
Matching contract IT job ads347553
As % of all UK contract IT job ads sampled0.457 %0.578 %
As % of the category below3.697 %3.908 %
Daily rates quoted207310
Average minimum daily rate£559£561
Average daily rate£593£605
% change on same period last year-1.97 %
Average maximum daily rate£626£648
UK excluding London average daily rate-£502
% change on same period last year-
Hourly rates quoted03
Average minimum hourly rate-£26.67
Average hourly rate-£29.17
% change on same period last year-
Average maximum hourly rate-£31.67
UK excluding London average hourly rate--
% change on same period last year-
Miscellaneous LondonMiscellaneous
London
Matching contract IT job ads938514152
As % of all UK contract IT job ads sampled12.37 %14.80 %
Daily rates quoted44346248
Average minimum daily rate£472£497
Average daily rate£508£534
% change on same period last year-4.95 %
Average maximum daily rate£543£572
UK excluding London average daily rate£361£351
% change on same period last year+3.09 %
Hourly rates quoted366418
Average minimum hourly rate£21.55£26.28
Average hourly rate£23.01£28.05
% change on same period last year-17.98 %
Average maximum hourly rate£24.47£29.83
UK excluding London average hourly rate£24.27£28.61
% change on same period last year-15.17 %
Interest Rate Derivative EnglandInterest Rate Derivative
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.

Interest Rate Derivative
Demand Trend

The chart provides a 3-month moving total beginning in 2004 of IT contractor jobs citing Interest Rate Derivative across the London region as a proportion of the total demand within the Miscellaneous category.

London Interest Rate Derivative Demand Trend

Interest Rate Derivative
Daily Rate Trend

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

London Interest Rate Derivative Daily Rate Trend

Interest Rate Derivative
Daily Rate Histogram

The 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 8 July 2008.

London Interest Rate Derivative Daily Rate Histogram

Interest Rate Derivative
Hourly Rate Trend

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

London Interest Rate Derivative Hourly Rate Trend

Interest Rate Derivative
Contract Locations

This section looks at the demand and provides a guide to the average contractor rates quoted in IT job ads citing Interest Rate Derivative within the London region over the 3 months to 8 July 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.

LocationRank 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 LondonDown-10146£567-7.58 %
Docklands, LondonUp+3024£586-6.26 %
Canary WharfUp+18£580+15.35 %
Interest Rate Derivative EnglandInterest Rate Derivative
England

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 8 July 2008, 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.

1711 (94.55 %)Derivative
2354 (47.07 %)Banking
3298 (39.63 %)Front Office
4275 (36.57 %)Investment Banking
5232 (30.85 %)Fixed Income
6183 (24.34 %)Foreign Exchange (FX)
7176 (23.40 %)Finance
8173 (23.01 %)Credit Derivative
9158 (21.01 %)C++
10157 (20.88 %)Java
11150 (19.95 %)Back Office
12121 (16.09 %)Business Analysis
1392 (12.23 %)C#
1490 (11.97 %)SQL
1586 (11.44 %)Calypso
1682 (10.90 %)Equity Derivative
1781 (10.77 %)Risk Management
1877 (10.24 %)Unix
1976 (10.11 %)Oracle
2073 (9.707 %)Murex
2172 (9.574 %)XML
2270 (9.309 %)Migration
2365 (8.644 %)VBA
2457 (7.580 %)Sybase
2556 (7.447 %)Windows
2652 (6.915 %)Summit
2751 (6.782 %)OO
2751 (6.782 %)User Acceptance Testing
2846 (6.117 %).NET
2943 (5.718 %)Degree

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 8 July 2008, 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 Development
172 (9.574 %)XML
246 (6.117 %).NET
342 (5.585 %)WebServices
432 (4.255 %)Spring
531 (4.122 %)WinForms
531 (4.122 %)J2SE
628 (3.723 %)FpML
718 (2.394 %)AJAX
718 (2.394 %)ASP.NET
817 (2.261 %)ASP
817 (2.261 %)Microsoft Enterprise Library
817 (2.261 %)WCF
916 (2.128 %)CORBA
916 (2.128 %)SOAP
1014 (1.862 %)Hibernate
1014 (1.862 %)J2EE
1111 (1.463 %)Velocity
1111 (1.463 %)FreeMarker
1210 (1.330 %)XSLT
1210 (1.330 %)Murex Flex
Application Platforms
117 (2.261 %)IIS
25 (0.665 %)Rendezvous
25 (0.665 %)MQSeries
34 (0.532 %)TIBCO EMS
42 (0.266 %)Office Project Server
42 (0.266 %)WebLogic
51 (0.133 %)JBoss
Applications
121 (2.793 %)MS Project
215 (1.995 %)MS Excel
312 (1.596 %)MS Office
41 (0.133 %)MS Visio
Business Applications
152 (6.915 %)Summit
213 (1.729 %)Murex MxG2000
34 (0.532 %)Oracle Applications
43 (0.399 %)MarketView
51 (0.133 %)RMDS
Communications & Networking
14 (0.532 %)FTP
14 (0.532 %)HTTP
22 (0.266 %)LAN
Database & Business Intelligence
114 (1.862 %)Reference Data
29 (1.197 %)MS Access
29 (1.197 %)SQL Server
37 (0.931 %)Oracle 9i
46 (0.798 %)Datawarehouse
46 (0.798 %)ETL
55 (0.665 %)Oracle Reports
63 (0.399 %)Oracle 10g
72 (0.266 %)RDBMS
81 (0.133 %)SQL Server 7
81 (0.133 %)Oracle 8/8i
81 (0.133 %)Data Mart
Development Applications
122 (2.926 %)JUnit
210 (1.330 %)NUnit
39 (1.197 %)TestDirector
47 (0.931 %)Log4Net
56 (0.798 %)ClearCase
63 (0.399 %)QuickTest Pro
72 (0.266 %)Eclipse
General
1354 (47.07 %)Banking
2298 (39.63 %)Front Office
3275 (36.57 %)Investment Banking
4176 (23.40 %)Finance
5150 (19.95 %)Back Office
615 (1.995 %)Government
712 (1.596 %)Financial Institution
811 (1.463 %)Marketing
94 (0.532 %)Legal
94 (0.532 %)General Ledger
102 (0.266 %)International Banking
102 (0.266 %)Education
111 (0.133 %)Corporate Banking
Job Titles
1379 (50.40 %)Analyst
2275 (36.57 %)Business Analyst
3256 (34.04 %)Developer
490 (11.97 %)Java Developer
574 (9.840 %)Project Manager
648 (6.383 %)C++ Developer
735 (4.654 %)Investment Banking Business Analyst
832 (4.255 %)C# Developer
929 (3.856 %)Banking Business Analyst
1028 (3.723 %)Programmer
1127 (3.590 %)Analyst Programmer
1127 (3.590 %)Excel Developer
1222 (2.926 %)Senior Developer
1320 (2.660 %)Murex Support
1419 (2.527 %)Murex Analyst
1419 (2.527 %)VBA Developer
1518 (2.394 %)Analyst Developer
1617 (2.261 %).NET Developer
1617 (2.261 %)Senior Analyst
1716 (2.128 %)Quant Analyst
Miscellaneous
1711 (94.55 %)Derivative
2232 (30.85 %)Fixed Income
3183 (24.34 %)Foreign Exchange (FX)
4173 (23.01 %)Credit Derivative
582 (10.90 %)Equity Derivative
639 (5.186 %)Equities
724 (3.191 %)Mathematics
821 (2.793 %)Grid Computing
920 (2.660 %)Market Risk
1017 (2.261 %)Multithreading
1111 (1.463 %)DTCC
129 (1.197 %)Credit Risk
137 (0.931 %)Computer Science
146 (0.798 %)Swaptions
146 (0.798 %)Management Information System
155 (0.665 %)Exotic Derivative
163 (0.399 %)Physics
172 (0.266 %)Equity Risk
172 (0.266 %)Client/Server
172 (0.266 %)PMI
Operating Systems
177 (10.24 %)Unix
256 (7.447 %)Windows
317 (2.261 %)Windows NT
44 (0.532 %)AIX
44 (0.532 %)Linux
52 (0.266 %)Solaris
61 (0.133 %)Windows 2000
Processes & Methodologies
1121 (16.09 %)Business Analysis
281 (10.77 %)Risk Management
370 (9.309 %)Migration
451 (6.782 %)OO
451 (6.782 %)User Acceptance Testing
542 (5.585 %)Project Management
639 (5.186 %)Change Management
736 (4.787 %)Workflow
819 (2.527 %)Data Migration
819 (2.527 %)Agile Software Development
917 (2.261 %)UML
917 (2.261 %)TDD
1013 (1.729 %)GAP Analysis
1112 (1.596 %)Test Scripting
1211 (1.463 %)Quality Management
1211 (1.463 %)OOD
1211 (1.463 %)Project Planning
139 (1.197 %)E-Commerce
147 (0.931 %)OOA/OOD
147 (0.931 %)Use Case
Programming Languages
1158 (21.01 %)C++
2157 (20.88 %)Java
392 (12.23 %)C#
490 (11.97 %)SQL
565 (8.644 %)VBA
621 (2.793 %)Perl
719 (2.527 %)Korn
818 (2.394 %)JavaScript
916 (2.128 %)Shell Script
1013 (1.729 %)VB
1112 (1.596 %)VC++
1211 (1.463 %)C
135 (0.665 %)PL/SQL
142 (0.266 %)Python
151 (0.133 %)Transact-SQL
151 (0.133 %)RPG
Qualifications
143 (5.718 %)Degree
22 (0.266 %)PMP
22 (0.266 %)PMI Certification
31 (0.133 %)CIMA
31 (0.133 %)ACCA
31 (0.133 %)PhD
Quality Assurance & Compliance
16 (0.798 %)QA
24 (0.532 %)Basel II
31 (0.133 %)MiFID
Systems Management
128 (3.723 %)AutoSys
24 (0.532 %)CONTROL-M
Vendors
186 (11.44 %)Calypso
276 (10.11 %)Oracle
373 (9.707 %)Murex
457 (7.580 %)Sybase
513 (1.729 %)Microsoft
513 (1.729 %)Tangosol
612 (1.596 %)Bloomberg
79 (1.197 %)TIBCO
88 (1.064 %)Sophis
97 (0.931 %)Informatica
106 (0.798 %)DataSynapse
114 (0.532 %)Syncfusion
114 (0.532 %)Infragistics
114 (0.532 %)IBM
123 (0.399 %)Actuate
123 (0.399 %)Reuters
123 (0.399 %)SeeBeyond
123 (0.399 %)ION Trading
132 (0.266 %)ComponentOne
141 (0.133 %)Remedy
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