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 22 May 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
22 May 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 366 346 310
Rank change year-on-year
-20 -36
Contract jobs citing Interest Rate Derivative 37 49 86
As % of all contract IT jobs located in London 0.17% 0.22% 0.39%
As % of the Miscellaneous category 0.48% 0.58% 1.01%
Number of daily rates quoted 35 42 76
Average daily rate
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of your Daily Rate
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£575 £600 £550
Average daily rate % change year-on-year
-4.16% +9.09%
90% offered a daily rate of more than £380 £375 £500
10% offered a daily rate of more than £650 £700 £650
UK excluding London average daily rate £400 - -
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
7742 8397 8528
As % of all contract IT jobs located in London 34.93% 37.11% 38.79%
Number of daily rates quoted 5353 5935 5878
Average daily rate £475 £450 £475
Average daily rate % change year-on-year
+5.55% -5.26%
90% offered a daily rate of more than £280 £275 £275
10% offered a daily rate of more than £650 £650 £625
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 142 136 189
Average hourly rate £18.00 £20.00 £24.00
Average hourly rate % change year-on-year
-10.00% -16.66%
90% offered a hourly rate of more than £13.50 £14.04 £15.50
10% offered a hourly rate of more than £45.00 £41.50 £54.00
UK excluding London average hourly rate £19.00 £22.50 £21.83
% change year-on-year
-15.55% +3.06%

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 22 May 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 22 May 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 +9 10 £620 +3.33% 8
Canary Wharf - 2 £563 -
Interest Rate Derivative
England

Interest Rate Derivative
Top 30 Related IT Skills in London

For the 6 months to 22 May 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 58 (78.38%) Derivative
2 44 (59.46%) Front Office
3 37 (50.00%) Banking
4 36 (48.65%) Foreign Exchange (FX)
5 35 (47.30%) SQL
6 34 (45.95%) Investment Banking
7 33 (44.59%) Finance
8 30 (40.54%) Fixed Income
9 27 (36.49%) C#
10 23 (31.08%) Credit Derivative
10 23 (31.08%) Business Analysis
11 17 (22.97%) Degree
12 16 (21.62%) Analytics
13 14 (18.92%) Murex
14 13 (17.57%) VBA
14 13 (17.57%) SQL Server
14 13 (17.57%) XML
15 12 (16.22%) .NET
15 12 (16.22%) C++
15 12 (16.22%) Java
15 12 (16.22%) Workflow
15 12 (16.22%) SQL Server 2008
16 11 (14.86%) Tradeweb
16 11 (14.86%) SQL Server 2005
16 11 (14.86%) T-SQL
16 11 (14.86%) MS Excel
16 11 (14.86%) FpML
16 11 (14.86%) Back Office
17 10 (13.51%) Financial Institution
17 10 (13.51%) UML

Interest Rate Derivative
Top Related IT Skills in London by Category

For the 6 months to 22 May 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.

Application Platforms
1 4 (5.41%) Oracle Coherence
2 1 (1.35%) MTS
Applications
1 11 (14.86%) MS Excel
2 1 (1.35%) MS Project
Database & Business Intelligence
1 13 (17.57%) SQL Server
2 12 (16.22%) SQL Server 2008
3 11 (14.86%) SQL Server 2005
4 9 (12.16%) MS Access
5 4 (5.41%) Oracle Database
6 3 (4.05%) SQL Server Integration Services
7 2 (2.70%) Data Mart
7 2 (2.70%) Data Mining
8 1 (1.35%) SQL Server Reporting Services
8 1 (1.35%) SQL Server 2012
8 1 (1.35%) Relational Database
Development Applications
1 5 (6.76%) Git (software)
2 4 (5.41%) TeamCity
2 4 (5.41%) Subversion
2 4 (5.41%) Maven
3 1 (1.35%) Eclipse
3 1 (1.35%) JUnit
3 1 (1.35%) JIRA
3 1 (1.35%) Gradle
General
1 44 (59.46%) Front Office
2 37 (50.00%) Banking
3 34 (45.95%) Investment Banking
4 33 (44.59%) Finance
5 11 (14.86%) Back Office
6 10 (13.51%) Financial Institution
7 1 (1.35%) French Language
7 1 (1.35%) Retail
Job Titles
1 35 (47.30%) Developer
2 20 (27.03%) Analyst
3 17 (22.97%) Business Analyst
4 9 (12.16%) Senior Developer
5 8 (10.81%) C++ Developer
6 7 (9.46%) C# Developer
6 7 (9.46%) Data Modeller
7 6 (8.11%) Senior C++ Developer
7 6 (8.11%) Front Office Developer
8 5 (6.76%) Project Manager
8 5 (6.76%) Java Developer
8 5 (6.76%) WPF Developer
9 4 (5.41%) SQL Developer
9 4 (5.41%) IT Business Analyst
9 4 (5.41%) Graduate
9 4 (5.41%) Junior
10 3 (4.05%) SQL Database Developer
10 3 (4.05%) Graduate Developer
10 3 (4.05%) Junior Developer
10 3 (4.05%) SQL Server Developer
Libraries, Frameworks & Software Standards
1 13 (17.57%) XML
2 12 (16.22%) .NET
3 11 (14.86%) FpML
4 7 (9.46%) WPF
5 6 (8.11%) Boost C++ Libraries
5 6 (8.11%) STL
6 4 (5.41%) Murex MxML
6 4 (5.41%) RESTful
6 4 (5.41%) JMS
7 1 (1.35%) HTML
7 1 (1.35%) COM+
7 1 (1.35%) Rendezvous
7 1 (1.35%) Middleware
7 1 (1.35%) Reactive Extensions
7 1 (1.35%) HTML5
Miscellaneous
1 58 (78.38%) Derivative
2 36 (48.65%) Foreign Exchange (FX)
3 30 (40.54%) Fixed Income
4 23 (31.08%) Credit Derivative
5 10 (13.51%) Equity Derivative
6 9 (12.16%) Analytical Skills
7 6 (8.11%) Grid Computing
7 6 (8.11%) Market Risk
8 5 (6.76%) Hedge funds
9 4 (5.41%) Mathematics
10 3 (4.05%) Computer Science
11 2 (2.70%) Swaptions
12 1 (1.35%) DTCC
12 1 (1.35%) Economics
12 1 (1.35%) Visualisation
12 1 (1.35%) Data Structures
12 1 (1.35%) Algorithms
Operating Systems
1 4 (5.41%) UNIX
2 2 (2.70%) Linux
3 1 (1.35%) Windows
Processes & Methodologies
1 23 (31.08%) Business Analysis
2 16 (21.62%) Analytics
3 12 (16.22%) Workflow
4 10 (13.51%) UML
4 10 (13.51%) Data Modelling
4 10 (13.51%) Data Architecture
5 9 (12.16%) Agile Software Development
6 8 (10.81%) RAD
6 8 (10.81%) Technical Architecture
6 8 (10.81%) Risk Analysis
7 6 (8.11%) Data Management
8 5 (6.76%) Multithreading
8 5 (6.76%) Time Management
9 4 (5.41%) Project Management
10 3 (4.05%) Validation
10 3 (4.05%) Software Testing
10 3 (4.05%) Requirements Analysis
10 3 (4.05%) Functional Programming
10 3 (4.05%) Data Virtualisation
11 2 (2.70%) MVVM
Programming Languages
1 35 (47.30%) SQL
2 27 (36.49%) C#
3 13 (17.57%) VBA
4 12 (16.22%) C++
4 12 (16.22%) Java
5 11 (14.86%) T-SQL
6 6 (8.11%) Scala
6 6 (8.11%) Python
7 4 (5.41%) R
8 2 (2.70%) VB
8 2 (2.70%) Perl
9 1 (1.35%) MATLAB
9 1 (1.35%) APL
Qualifications
1 17 (22.97%) Degree
2 1 (1.35%) ISEB
2 1 (1.35%) A+ Certification
2 1 (1.35%) PhD
2 1 (1.35%) ISEB Practitioner
Quality Assurance & Compliance
1 1 (1.35%) Basel II
1 1 (1.35%) EMIR
Systems Management
1 1 (1.35%) HP Quality Center
Vendors
1 14 (18.92%) Murex
2 11 (14.86%) Tradeweb
3 10 (13.51%) Oracle
4 5 (6.76%) Sybase
5 1 (1.35%) Microsoft
5 1 (1.35%) Calypso
5 1 (1.35%) HP
5 1 (1.35%) Software AG
5 1 (1.35%) eSpeed
5 1 (1.35%) TIBCO
5 1 (1.35%) Bloomberg
London
Optima Connections
Rate: From £400 to £500 per day
Posted: Yesterday
City, London
TEKsystems
Rate: £650 - £700 per day
Posted: Yesterday
City, London
McGregor Boyall
Rate: £600 - £650 per day
Posted: Yesterday
City, London
TEKsystems
Rate: £550 - £650 per day
Posted: 2 days ago
London
TEKsystems
Posted: 3 days ago