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 contractor rates offered in IT contracts that have cited Interest Rate Derivative over the 3 months to 5 December 2016 with a comparison to the same period over 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.

3 months to
5 Dec 2016
Same period 2015 Same period 2014
Interest Rate Derivatives
Rank 425 395 394
Rank change year-on-year
-30 -1
Contract jobs citing Interest Rate Derivative 9 36 39
As % of all contract IT jobs located in London 0.041% 0.16% 0.16%
As % of the Miscellaneous category 0.11% 0.43% 0.45%
Number of daily rates quoted 7 30 37
Median daily rate £650 £625 £600
Median daily rate % change year-on-year
+4.00% +4.16%
90% offered a daily rate of more than £610 £495 £525
10% offered a daily rate of more than £700 £790 £650
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
7837 8289 8701
As % of all contract IT jobs located in London 36.11% 37.11% 36.40%
Number of daily rates quoted 5441 5756 6180
Median daily rate £488 £475 £450
Median daily rate % change year-on-year
+2.63% +5.55%
90% offered a daily rate of more than £300 £288 £263
10% offered a daily rate of more than £650 £650 £625
UK excluding London median daily rate £380 £385 £363
% change year-on-year
-1.29% +6.20%
Number of hourly rates quoted 126 146 199
Median hourly rate £20.12 £22.50 £17.00
Median hourly rate % change year-on-year
-10.57% +32.35%
90% offered a hourly rate of more than £14.00 £13.00 £12.50
10% offered a hourly rate of more than £45.00 £43.00 £37.65
UK excluding London median hourly rate £18.75 £20.00 £16.75
% change year-on-year
-6.25% +19.40%

Interest Rate Derivative
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing Interest Rate Derivative as a proportion of all IT contracts with a match in 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 5 December 2016.

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 median contractor rates quoted in IT jobs citing Interest Rate Derivative within the London region over the 3 months to 5 December 2016. 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London -4 4 £650 +4.00% 2
Canary Wharf - 1 £650 -
Interest Rate Derivative
England

Interest Rate Derivative
Top 30 Related IT Skills in London

For the 6 months to 5 December 2016, IT contractor jobs citing Interest Rate Derivative also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for Interest Rate Derivative.

1 21 (80.77%) Derivative
2 17 (65.38%) Agile Software Development
3 15 (57.69%) Finance
4 14 (53.85%) TDD
5 13 (50.00%) Banking
6 11 (42.31%) C++
6 11 (42.31%) Investment Banking
7 10 (38.46%) C#
7 10 (38.46%) Front Office
8 8 (30.77%) Scrum
8 8 (30.77%) SQL
8 8 (30.77%) Software Engineering
8 8 (30.77%) DevOps
9 7 (26.92%) Mentoring
9 7 (26.92%) Java
9 7 (26.92%) Fixed Income
10 6 (23.08%) Big Data
10 6 (23.08%) Scala
10 6 (23.08%) Test Automation
11 5 (19.23%) MongoDB
11 5 (19.23%) Apache Cassandra
11 5 (19.23%) NoSQL
11 5 (19.23%) Hadoop
11 5 (19.23%) Oracle Coherence
11 5 (19.23%) Git (software)
11 5 (19.23%) Akka
11 5 (19.23%) Kafka
11 5 (19.23%) BDD
11 5 (19.23%) MapReduce
11 5 (19.23%) HBase

Interest Rate Derivative
Top Related IT Skills in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 5 (19.23%) Apache
1 5 (19.23%) Apache Spark
1 5 (19.23%) Oracle Coherence
Applications
1 1 (3.85%) MS Excel
Business Applications
1 1 (3.85%) Bloomberg TOMS
Database & Business Intelligence
1 6 (23.08%) Big Data
2 5 (19.23%) Apache Cassandra
2 5 (19.23%) Hadoop
2 5 (19.23%) HBase
2 5 (19.23%) MongoDB
2 5 (19.23%) NoSQL
2 5 (19.23%) Spark SQL
3 1 (3.85%) BusinessObjects
3 1 (3.85%) Data Warehouse
Development Applications
1 5 (19.23%) Git (software)
1 5 (19.23%) Maven
General
1 15 (57.69%) Finance
2 13 (50.00%) Banking
3 11 (42.31%) Investment Banking
4 10 (38.46%) Front Office
5 2 (7.69%) Back Office
6 1 (3.85%) Corporate Banking
6 1 (3.85%) Financial Institution
6 1 (3.85%) Retail
6 1 (3.85%) Spanish Language
Job Titles
1 11 (42.31%) Developer
2 7 (26.92%) Senior Developer
2 7 (26.92%) Software Engineer
3 6 (23.08%) Java Developer
3 6 (23.08%) Java Scala Developer
3 6 (23.08%) Scala Developer
4 5 (19.23%) Apache Spark Developer
4 5 (19.23%) Big Data Developer
4 5 (19.23%) Senior Big Data Developer
4 5 (19.23%) Senior Java Developer
4 5 (19.23%) Senior Java Scala Developer
4 5 (19.23%) Senior Scala Developer
5 4 (15.38%) Analyst
6 3 (11.54%) Business Analyst
7 2 (7.69%) Agile Developer
7 2 (7.69%) Architect
7 2 (7.69%) C# Developer
7 2 (7.69%) Derivatives Business Analyst
8 1 (3.85%) Grid Developer
8 1 (3.85%) Senior Agile Developer
Libraries, Frameworks & Software Standards
1 5 (19.23%) Akka
1 5 (19.23%) JMS
1 5 (19.23%) Kafka
2 1 (3.85%) .NET
2 1 (3.85%) ASP.NET
2 1 (3.85%) ASP.NET Web API
2 1 (3.85%) FIX Protocol
2 1 (3.85%) HTML
2 1 (3.85%) HTML5
2 1 (3.85%) Murex MxML
2 1 (3.85%) REST
2 1 (3.85%) RESTful
2 1 (3.85%) Web Services
Miscellaneous
1 21 (80.77%) Derivative
2 7 (26.92%) Fixed Income
3 5 (19.23%) Foreign Exchange (FX)
4 4 (15.38%) Credit Derivative
5 3 (11.54%) Grid Computing
6 2 (7.69%) Analytical Skills
6 2 (7.69%) Equity Derivative
7 1 (3.85%) Equities
7 1 (3.85%) Management Information System
7 1 (3.85%) Market Risk
7 1 (3.85%) OTC Derivatives
7 1 (3.85%) Virtual Team
Operating Systems
1 5 (19.23%) Linux
2 3 (11.54%) Unix
Processes & Methodologies
1 17 (65.38%) Agile Software Development
2 14 (53.85%) TDD
3 8 (30.77%) DevOps
3 8 (30.77%) Scrum
3 8 (30.77%) Software Engineering
4 7 (26.92%) Mentoring
5 6 (23.08%) Test Automation
6 5 (19.23%) BDD
6 5 (19.23%) MapReduce
7 3 (11.54%) Change Management
8 2 (7.69%) Analytics
8 2 (7.69%) Business Analysis
8 2 (7.69%) Multithreading
9 1 (3.85%) Data Analytics
9 1 (3.85%) Electronic Trading
9 1 (3.85%) ETL Development
9 1 (3.85%) Functional Testing
9 1 (3.85%) QA Automation
9 1 (3.85%) Test Scripting
9 1 (3.85%) User Stories
Programming Languages
1 11 (42.31%) C++
2 10 (38.46%) C#
3 8 (30.77%) SQL
4 7 (26.92%) Java
5 6 (23.08%) Scala
6 1 (3.85%) JavaScript
6 1 (3.85%) Perl
6 1 (3.85%) PL/SQL
6 1 (3.85%) Python
6 1 (3.85%) VBScript
Quality Assurance & Compliance
1 2 (7.69%) QA
2 1 (3.85%) MiFID
System Software
1 5 (19.23%) Apache ZooKeeper
1 5 (19.23%) HDFS
Systems Management
1 1 (3.85%) HP Quality Center
Vendors
1 3 (11.54%) Murex
2 1 (3.85%) Bloomberg
2 1 (3.85%) Fidessa
2 1 (3.85%) HP
2 1 (3.85%) Informatica
2 1 (3.85%) ION Trading
2 1 (3.85%) Microsoft
2 1 (3.85%) Oracle