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 July 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 Jul 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 351 370 308
Rank change year-on-year
+19 -62
Contract jobs citing Interest Rate Derivative 56 38 108
As % of all contract IT jobs located in London 0.24% 0.16% 0.45%
As % of the Miscellaneous category 0.66% 0.43% 1.14%
Number of daily rates quoted 49 32 93
Average daily rate
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of your Daily Rate
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£625 £600 £525
Average daily rate % change year-on-year
+4.16% +14.28%
90% offered a daily rate of more than £450 £360 £500
10% offered a daily rate of more than £655 £700 £670
UK excluding London average daily rate £600 - -
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
8481 8835 9500
As % of all contract IT jobs located in London 35.99% 37.46% 39.19%
Number of daily rates quoted 5945 5973 6446
Average daily rate £475 £450 £450
Average daily rate % change year-on-year
+5.55% -
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £650 £625 £625
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 166 166 213
Average hourly rate £20.00 £20.00 £22.50
Average hourly rate % change year-on-year
- -11.11%
90% offered a hourly rate of more than £14.29 £14.04 £14.50
10% offered a hourly rate of more than £52.17 £45.00 £45.00
UK excluding London average hourly rate £19.08 £21.63 £20.00
% change year-on-year
-11.76% +8.12%

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 July 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 July 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 +11 28 £625 +13.63% 6
Interest Rate Derivative
England

Interest Rate Derivative
Top 30 Related IT Skills in London

For the 6 months to 28 July 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 66 (67.35%) Derivative
2 59 (60.20%) Banking
2 59 (60.20%) Front Office
3 53 (54.08%) Investment Banking
4 44 (44.90%) Finance
5 43 (43.88%) Fixed Income
6 41 (41.84%) SQL
7 37 (37.76%) C#
8 30 (30.61%) Java
9 29 (29.59%) Foreign Exchange (FX)
10 28 (28.57%) Business Analysis
11 24 (24.49%) Scala
12 22 (22.45%) Oracle
13 21 (21.43%) SQL Server
14 20 (20.41%) .NET
14 20 (20.41%) Oracle Coherence
14 20 (20.41%) SQL Server 2008
15 19 (19.39%) VBA
16 18 (18.37%) JMS
16 18 (18.37%) Multithreading
16 18 (18.37%) Git (software)
17 17 (17.35%) Analytics
17 17 (17.35%) Agile Software Development
18 16 (16.33%) Maven
18 16 (16.33%) Subversion
18 16 (16.33%) Degree
18 16 (16.33%) C++
18 16 (16.33%) Oracle Database
18 16 (16.33%) RESTful
18 16 (16.33%) TeamCity

Interest Rate Derivative
Top Related IT Skills in London by Category

For the 6 months to 28 July 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 20 (20.41%) Oracle Coherence
2 1 (1.02%) MTS
Applications
1 15 (15.31%) MS Excel
2 1 (1.02%) MS Project
Database & Business Intelligence
1 21 (21.43%) SQL Server
2 20 (20.41%) SQL Server 2008
3 16 (16.33%) Oracle Database
4 14 (14.29%) SQL Server 2005
5 12 (12.24%) MS Access
6 6 (6.12%) SQL Server 2012
7 5 (5.10%) SQL Server Integration Services
7 5 (5.10%) SQL Server Reporting Services
8 3 (3.06%) Data Mart
9 2 (2.04%) Data Mining
9 2 (2.04%) BusinessObjects
10 1 (1.02%) Relational Database
10 1 (1.02%) SQL Server Analysis Services
10 1 (1.02%) OLTP
10 1 (1.02%) Data Warehouse
10 1 (1.02%) OLAP
Development Applications
1 18 (18.37%) Git (software)
2 16 (16.33%) Subversion
2 16 (16.33%) Maven
2 16 (16.33%) TeamCity
3 2 (2.04%) JUnit
3 2 (2.04%) Eclipse
3 2 (2.04%) Gradle
4 1 (1.02%) Jenkins
4 1 (1.02%) Ant
General
1 59 (60.20%) Front Office
1 59 (60.20%) Banking
2 53 (54.08%) Investment Banking
3 44 (44.90%) Finance
4 11 (11.22%) Back Office
5 8 (8.16%) Financial Institution
6 1 (1.02%) French Language
6 1 (1.02%) Retail
Job Titles
1 63 (64.29%) Developer
2 22 (22.45%) Analyst
2 22 (22.45%) Java Developer
3 18 (18.37%) Business Analyst
4 11 (11.22%) SQL Developer
5 10 (10.20%) SQL Server Developer
5 10 (10.20%) Senior Developer
6 9 (9.18%) C++ Developer
7 8 (8.16%) C# Developer
8 6 (6.12%) Senior C++ Developer
8 6 (6.12%) Front Office Developer
9 5 (5.10%) Junior
9 5 (5.10%) WPF Developer
10 4 (4.08%) SQL Database Developer
10 4 (4.08%) Project Manager
10 4 (4.08%) Graduate
10 4 (4.08%) Quantitative Developer
10 4 (4.08%) Database Developer
11 3 (3.06%) Junior Developer
11 3 (3.06%) Risk Analyst
Libraries, Frameworks & Software Standards
1 20 (20.41%) .NET
2 18 (18.37%) JMS
3 16 (16.33%) RESTful
4 10 (10.20%) FpML
5 9 (9.18%) WPF
6 6 (6.12%) Boost C++ Libraries
6 6 (6.12%) STL
7 5 (5.10%) XML
8 3 (3.06%) HTML
8 3 (3.06%) HTML5
9 2 (2.04%) Murex MxML
9 2 (2.04%) Middleware
10 1 (1.02%) Rendezvous
10 1 (1.02%) ASP.NET
10 1 (1.02%) COM+
10 1 (1.02%) WinForms
10 1 (1.02%) Reactive Extensions
10 1 (1.02%) AngularJS
Miscellaneous
1 66 (67.35%) Derivative
2 43 (43.88%) Fixed Income
3 29 (29.59%) Foreign Exchange (FX)
4 13 (13.27%) Credit Derivative
5 12 (12.24%) Analytical Skills
6 9 (9.18%) Market Risk
6 9 (9.18%) Mathematics
7 6 (6.12%) Grid Computing
7 6 (6.12%) Equity Derivative
8 5 (5.10%) Hedge funds
9 3 (3.06%) Computer Science
10 2 (2.04%) Swaptions
10 2 (2.04%) Management Information System
10 2 (2.04%) DTCC
10 2 (2.04%) Reference Data
11 1 (1.02%) Visualisation
11 1 (1.02%) User Experience
11 1 (1.02%) Data Structures
11 1 (1.02%) Algorithms
11 1 (1.02%) Equities
Operating Systems
1 4 (4.08%) Linux
2 3 (3.06%) UNIX
2 3 (3.06%) Windows
Processes & Methodologies
1 28 (28.57%) Business Analysis
2 18 (18.37%) Multithreading
3 17 (17.35%) Agile Software Development
3 17 (17.35%) Analytics
4 13 (13.27%) RAD
5 10 (10.20%) Workflow
5 10 (10.20%) Technical Architecture
6 9 (9.18%) Risk Analysis
7 8 (8.16%) Data Management
8 7 (7.14%) Asset Management
9 6 (6.12%) Fund Management
9 6 (6.12%) Time Management
10 5 (5.10%) MVVM
10 5 (5.10%) Migration
11 4 (4.08%) Project Management
11 4 (4.08%) Functional Programming
11 4 (4.08%) SDLC
12 3 (3.06%) Data Virtualisation
12 3 (3.06%) Data Migration
12 3 (3.06%) Requirements Analysis
Programming Languages
1 41 (41.84%) SQL
2 37 (37.76%) C#
3 30 (30.61%) Java
4 24 (24.49%) Scala
5 19 (19.39%) VBA
6 16 (16.33%) C++
7 14 (14.29%) T-SQL
8 7 (7.14%) Python
9 4 (4.08%) R
10 2 (2.04%) VB
11 1 (1.02%) MATLAB
11 1 (1.02%) Perl
11 1 (1.02%) APL
Qualifications
1 16 (16.33%) Degree
2 1 (1.02%) PhD
2 1 (1.02%) A+ Certification
Quality Assurance & Compliance
1 3 (3.06%) EMIR
2 2 (2.04%) Dodd-Frank
2 2 (2.04%) Data Quality
3 1 (1.02%) MiFID
Vendors
1 22 (22.45%) Oracle
2 9 (9.18%) Murex
2 9 (9.18%) Tradeweb
3 3 (3.06%) Sybase
4 2 (2.04%) MicroStrategy
5 1 (1.02%) TIBCO
5 1 (1.02%) Bloomberg
5 1 (1.02%) eSpeed
5 1 (1.02%) Perforce
5 1 (1.02%) Microsoft
5 1 (1.02%) Software AG
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