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 27 November 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
27 Nov 2014
Same period 2013 Same period 2012
Interest Rate Derivatives
Rank 383 343 278
Rank change year-on-year
-40 -65
Contract jobs citing Interest Rate Derivative 40 71 112
As % of all contract IT jobs located in London 0.17% 0.29% 0.51%
As % of the Miscellaneous category 0.48% 0.78% 1.36%
Number of daily rates quoted 38 62 100
Average daily rate
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of your Daily Rate
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£600 £550 £575
Average daily rate % change year-on-year
+9.09% -4.34%
90% offered a daily rate of more than £525 £491 £425
10% offered a daily rate of more than £650 £695 £700
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
8291 9146 8232
As % of all contract IT jobs located in London 34.92% 37.42% 37.13%
Number of daily rates quoted 5905 6455 5674
Average daily rate £450 £450 £450
90% offered a daily rate of more than £272 £275 £270
10% offered a daily rate of more than £638 £625 £625
UK excluding London average daily rate £363 £350 £350
% change year-on-year
+3.57% -
Number of hourly rates quoted 175 157 216
Average hourly rate £17.00 £21.50 £21.39
Average hourly rate % change year-on-year
-20.93% +0.53%
90% offered a hourly rate of more than £12.50 £13.50 £12.50
10% offered a hourly rate of more than £42.50 £42.50 £49.70
UK excluding London average hourly rate £17.25 £19.00 £20.00
% change year-on-year
-9.21% -5.00%

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 27 November 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 27 November 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 +10 14 £600 - 4
Docklands, London - - - -
Interest Rate Derivative
England

Interest Rate Derivative
Top 30 Related IT Skills in London

For the 6 months to 27 November 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 (98.72%) Derivative
2 46 (58.97%) Finance
3 38 (48.72%) SQL
3 38 (48.72%) Front Office
4 34 (43.59%) Fixed Income
4 34 (43.59%) C++
5 33 (42.31%) XML
6 29 (37.18%) Foreign Exchange (FX)
7 26 (33.33%) STL
7 26 (33.33%) Boost C++ Libraries
8 25 (32.05%) C#
9 24 (30.77%) Oracle
9 24 (30.77%) Analytics
10 23 (29.49%) Windows
11 22 (28.21%) Banking
12 20 (25.64%) Grid Computing
12 20 (25.64%) Credit Derivative
13 19 (24.36%) Investment Banking
13 19 (24.36%) Risk Analysis
14 18 (23.08%) FpML
14 18 (23.08%) .NET
15 17 (21.79%) Python
16 16 (20.51%) Murex
16 16 (20.51%) Agile Software Development
17 15 (19.23%) Microsoft
18 14 (17.95%) MS Excel
19 13 (16.67%) MS Project
20 12 (15.38%) Project Planning
20 12 (15.38%) Windows 7
20 12 (15.38%) Spreadsheet

Interest Rate Derivative
Top Related IT Skills in London by Category

For the 6 months to 27 November 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.

Applications
1 14 (17.95%) MS Excel
2 13 (16.67%) MS Project
3 12 (15.38%) Spreadsheet
4 2 (2.56%) MS PowerPoint
4 2 (2.56%) MS Visio
Business Applications
1 2 (2.56%) Summit
Database & Business Intelligence
1 8 (10.26%) Oracle Database
2 7 (8.97%) Relational Database
2 7 (8.97%) Oracle Database 10g
3 3 (3.85%) SQL Server
4 1 (1.28%) Data Mining
4 1 (1.28%) SQL Server Reporting Services
4 1 (1.28%) SQL Server Integration Services
4 1 (1.28%) Oracle Database 11g
Development Applications
1 8 (10.26%) Subversion
1 8 (10.26%) Visual Studio
2 6 (7.69%) JIRA
3 1 (1.28%) CppUnit
3 1 (1.28%) TeamCity
3 1 (1.28%) Team Foundation Server
General
1 46 (58.97%) Finance
2 38 (48.72%) Front Office
3 22 (28.21%) Banking
4 19 (24.36%) Investment Banking
5 7 (8.97%) Back Office
5 7 (8.97%) Financial Institution
Job Titles
1 38 (48.72%) Developer
2 21 (26.92%) Analyst
3 14 (17.95%) Business Analyst
4 11 (14.10%) Technical Developer
4 11 (14.10%) Technical Leader
4 11 (14.10%) Lead Developer
5 10 (12.82%) C++ Developer
6 7 (8.97%) C# Developer
6 7 (8.97%) SQL Developer
6 7 (8.97%) Data Modeller
7 6 (7.69%) Murex Support
7 6 (7.69%) Murex Analyst
8 5 (6.41%) Support Analyst
8 5 (6.41%) Test Manager
8 5 (6.41%) Murex Support Analyst
8 5 (6.41%) C++/C# Developer
8 5 (6.41%) Contracts Manager
9 3 (3.85%) Data Architect
9 3 (3.85%) Architect
9 3 (3.85%) Project Manager
Libraries, Frameworks & Software Standards
1 33 (42.31%) XML
2 26 (33.33%) STL
2 26 (33.33%) Boost C++ Libraries
3 18 (23.08%) FpML
3 18 (23.08%) .NET
4 7 (8.97%) XSLT
5 6 (7.69%) Murex MxML
6 1 (1.28%) ASP.NET
6 1 (1.28%) Middleware
6 1 (1.28%) WinForms
6 1 (1.28%) Spring
6 1 (1.28%) MDX
6 1 (1.28%) WCF
6 1 (1.28%) WPF
Miscellaneous
1 77 (98.72%) Derivative
2 34 (43.59%) Fixed Income
3 29 (37.18%) Foreign Exchange (FX)
4 20 (25.64%) Grid Computing
4 20 (25.64%) Credit Derivative
5 10 (12.82%) Equity Derivative
6 3 (3.85%) DTCC
7 2 (2.56%) Analytical Skills
7 2 (2.56%) Hedge funds
7 2 (2.56%) Reference Data
8 1 (1.28%) Market Risk
8 1 (1.28%) Mathematics
8 1 (1.28%) Computer Science
8 1 (1.28%) Swaptions
8 1 (1.28%) Credit Risk
8 1 (1.28%) Visualisation
8 1 (1.28%) Open Source
Operating Systems
1 23 (29.49%) Windows
2 12 (15.38%) Windows 7
3 6 (7.69%) UNIX
4 1 (1.28%) Windows Server 2003
4 1 (1.28%) Windows Server 2008
Processes & Methodologies
1 24 (30.77%) Analytics
2 19 (24.36%) Risk Analysis
3 16 (20.51%) Agile Software Development
4 12 (15.38%) Project Planning
5 11 (14.10%) Workflow
6 10 (12.82%) Risk Management
6 10 (12.82%) Data Modelling
6 10 (12.82%) Business Analysis
7 9 (11.54%) Unit Testing
8 8 (10.26%) UML
8 8 (10.26%) Regression Testing
9 7 (8.97%) Data Architecture
10 5 (6.41%) Software Testing
10 5 (6.41%) Test Management
10 5 (6.41%) Data Analysis
11 3 (3.85%) OO
11 3 (3.85%) Multithreading
11 3 (3.85%) Greeks
12 2 (2.56%) Logical Data Model
12 2 (2.56%) Physical Data Model
Programming Languages
1 38 (48.72%) SQL
2 34 (43.59%) C++
3 25 (32.05%) C#
4 17 (21.79%) Python
5 7 (8.97%) VC++
6 6 (7.69%) Perl
7 4 (5.13%) VBA
8 3 (3.85%) Java
9 1 (1.28%) VB
9 1 (1.28%) VB6
9 1 (1.28%) PowerShell
9 1 (1.28%) Scala
Qualifications
1 5 (6.41%) ISEB
1 5 (6.41%) Degree
1 5 (6.41%) ISEB Practitioner
2 1 (1.28%) MCSE
2 1 (1.28%) MCSD
2 1 (1.28%) Microsoft Certification
Quality Assurance & Compliance
1 3 (3.85%) EMIR
2 1 (1.28%) Data Quality
Systems Management
1 5 (6.41%) HP Quality Center
Vendors
1 24 (30.77%) Oracle
2 16 (20.51%) Murex
3 15 (19.23%) Microsoft
4 7 (8.97%) Tradeweb
5 5 (6.41%) Sybase
5 5 (6.41%) Calypso
5 5 (6.41%) HP
6 2 (2.56%) DataSynapse
7 1 (1.28%) Business Objects
7 1 (1.28%) MicroStrategy
7 1 (1.28%) TIBCO
7 1 (1.28%) Infragistics
7 1 (1.28%) DevExpress
City of London
Deerfoot IT
Rate: £550 - £650 per day
Posted: 7 days ago
London
Huxley Banking & Financial Services
Rate: £600 - £660 per day
Posted: 23 days ago