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 30 March 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
30 Mar 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 354 363 261
Rank change year-on-year
+9 -102
Contract jobs citing Interest Rate Derivative 46 42 113
As % of all contract IT jobs located in London 0.21% 0.19% 0.55%
As % of the Miscellaneous category 0.60% 0.49% 1.43%
Number of daily rates quoted 38 32 103
Average daily rate
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£525 £550 £575
Average daily rate % change year-on-year
-4.54% -4.34%
90% offered a daily rate of more than £410 £385 £495
10% offered a daily rate of more than £636 £700 £650
UK excluding London average daily rate £400 £450 -
% change year-on-year
-11.11% -
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
7675 8520 7926
As % of all contract IT jobs located in London 35.57% 37.61% 38.54%
Number of daily rates quoted 5228 5976 5569
Average daily rate £465 £450 £475
Average daily rate % change year-on-year
+3.33% -5.26%
90% offered a daily rate of more than £290 £275 £275
10% offered a daily rate of more than £650 £650 £625
UK excluding London average daily rate £375 £350 £338
% change year-on-year
+7.14% +3.70%
Number of hourly rates quoted 138 162 162
Average hourly rate £19.18 £22.50 £22.50
Average hourly rate % change year-on-year
-14.75% -
90% offered a hourly rate of more than £13.50 £14.00 £13.98
10% offered a hourly rate of more than £40.00 £42.50 £47.50
UK excluding London average hourly rate £19.00 £17.50 £23.00
% change year-on-year
+8.57% -23.91%

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 30 March 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 30 March 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 +13 11 £463 -22.91% 6
Docklands, London +6 1 - -
Interest Rate Derivative
England

Interest Rate Derivative
Top 30 Related IT Skills in London

For the 6 months to 30 March 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 (84.62%) Derivative
2 43 (55.13%) Front Office
3 39 (50.00%) Finance
3 39 (50.00%) Banking
4 35 (44.87%) Investment Banking
4 35 (44.87%) Foreign Exchange (FX)
5 34 (43.59%) SQL
6 31 (39.74%) Fixed Income
7 28 (35.90%) Credit Derivative
8 25 (32.05%) Analytics
9 23 (29.49%) C#
9 23 (29.49%) XML
9 23 (29.49%) Murex
10 21 (26.92%) Business Analysis
11 17 (21.79%) .NET
12 16 (20.51%) UML
12 16 (20.51%) MS Excel
12 16 (20.51%) Equity Derivative
13 15 (19.23%) Data Architecture
13 15 (19.23%) Data Modelling
14 14 (17.95%) VBA
14 14 (17.95%) Degree
14 14 (17.95%) Agile Software Development
15 13 (16.67%) Financial Institution
16 12 (15.38%) Workflow
17 11 (14.10%) SQL Server 2005
17 11 (14.10%) SQL Server 2008
17 11 (14.10%) Back Office
17 11 (14.10%) T-SQL
17 11 (14.10%) SQL Server

Interest Rate Derivative
Top Related IT Skills in London by Category

For the 6 months to 30 March 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.

Applications
1 16 (20.51%) MS Excel
2 6 (7.69%) MS Project
3 5 (6.41%) Spreadsheet
Database & Business Intelligence
1 11 (14.10%) SQL Server
1 11 (14.10%) SQL Server 2005
1 11 (14.10%) SQL Server 2008
2 9 (11.54%) MS Access
3 3 (3.85%) SQL Server Integration Services
4 2 (2.56%) Data Mart
5 1 (1.28%) SQL Server Reporting Services
Development Applications
1 5 (6.41%) JIRA
General
1 43 (55.13%) Front Office
2 39 (50.00%) Finance
2 39 (50.00%) Banking
3 35 (44.87%) Investment Banking
4 13 (16.67%) Financial Institution
5 11 (14.10%) Back Office
6 1 (1.28%) French Language
Job Titles
1 26 (33.33%) Developer
2 24 (30.77%) Analyst
3 16 (20.51%) Business Analyst
4 12 (15.38%) Data Modeller
5 8 (10.26%) C# Developer
6 6 (7.69%) Support Analyst
6 6 (7.69%) Murex Support
6 6 (7.69%) Murex Analyst
6 6 (7.69%) Murex Support Analyst
7 5 (6.41%) Technical Developer
7 5 (6.41%) Lead Developer
7 5 (6.41%) Test Manager
7 5 (6.41%) Contracts Manager
7 5 (6.41%) Technical Leader
8 4 (5.13%) IT Business Analyst
8 4 (5.13%) Project Manager
8 4 (5.13%) Senior Developer
8 4 (5.13%) WPF Developer
9 3 (3.85%) SQL Database Developer
9 3 (3.85%) RAD Developer
Libraries, Frameworks & Software Standards
1 23 (29.49%) XML
2 17 (21.79%) .NET
3 11 (14.10%) FpML
4 9 (11.54%) Murex MxML
5 6 (7.69%) WPF
6 5 (6.41%) Boost C++ Libraries
6 5 (6.41%) STL
7 1 (1.28%) COM+
Miscellaneous
1 66 (84.62%) Derivative
2 35 (44.87%) Foreign Exchange (FX)
3 31 (39.74%) Fixed Income
4 28 (35.90%) Credit Derivative
5 16 (20.51%) Equity Derivative
6 5 (6.41%) Grid Computing
6 5 (6.41%) Analytical Skills
7 4 (5.13%) Hedge funds
7 4 (5.13%) Market Risk
8 2 (2.56%) Mathematics
8 2 (2.56%) Computer Science
9 1 (1.28%) Swaptions
9 1 (1.28%) DTCC
9 1 (1.28%) Economics
9 1 (1.28%) Visualisation
Operating Systems
1 7 (8.97%) UNIX
2 5 (6.41%) Windows
2 5 (6.41%) Windows 7
Processes & Methodologies
1 25 (32.05%) Analytics
2 21 (26.92%) Business Analysis
3 16 (20.51%) UML
4 15 (19.23%) Data Modelling
4 15 (19.23%) Data Architecture
5 14 (17.95%) Agile Software Development
6 12 (15.38%) Workflow
7 8 (10.26%) Technical Architecture
8 7 (8.97%) RAD
8 7 (8.97%) Software Testing
9 6 (7.69%) Risk Analysis
10 5 (6.41%) Test Management
10 5 (6.41%) Time Management
10 5 (6.41%) Project Planning
10 5 (6.41%) Data Management
11 4 (5.13%) Project Management
12 3 (3.85%) Validation
12 3 (3.85%) Requirements Analysis
12 3 (3.85%) Data Virtualisation
13 2 (2.56%) Data Governance
Programming Languages
1 34 (43.59%) SQL
2 23 (29.49%) C#
3 14 (17.95%) VBA
4 11 (14.10%) T-SQL
5 10 (12.82%) Python
6 8 (10.26%) C++
7 7 (8.97%) Perl
8 4 (5.13%) R
9 3 (3.85%) Java
10 1 (1.28%) VB
10 1 (1.28%) MATLAB
Qualifications
1 14 (17.95%) Degree
2 5 (6.41%) ISEB
2 5 (6.41%) ISEB Practitioner
Quality Assurance & Compliance
1 1 (1.28%) Basel II
1 1 (1.28%) EMIR
Systems Management
1 5 (6.41%) HP Quality Center
Vendors
1 23 (29.49%) Murex
2 10 (12.82%) Tradeweb
3 9 (11.54%) Sybase
4 5 (6.41%) Microsoft
4 5 (6.41%) Oracle
4 5 (6.41%) Calypso
4 5 (6.41%) HP
5 1 (1.28%) Software AG
5 1 (1.28%) TIBCO
City of London
Interquest - ITQ Financial - London
Rate: £25000 per annum + benefits
Posted: 3 days ago
City of London
Hays IT - Uk Posting account
Rate: £500.00 - £600.00 per day
Posted: 17 days ago