The table below looks at the statistics for knowledge and experience of Sophis products and/or services in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Sophis over the 3 months to 1 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.

The figures below represent the IT contractor job market in general and are NOT representative of contractor rates within Sophis.

Location
3 months to
1 Jul 2015
Same period 2014 Same period 2013
Sophis
Rank 402 389 388
Rank change year-on-year
-13 -1
Contract jobs citing Sophis 9 17 12
As % of all contract IT jobs located in London 0.038% 0.073% 0.051%
As % of the Vendors category 0.086% 0.16% 0.11%
Number of daily rates quoted 7 4 8
Average daily rate
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£625 £438 £456
Average daily rate % change year-on-year
+42.85% -4.10%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Sophis
England

The following table is for comparison with the above and provides statistics for the entire Vendors category in contract jobs advertised in the London region.

Vendors Category
London
Contract IT job ads with a match in the
Vendors category
10440 10319 10573
As % of all contract IT jobs located in London 44.65% 44.36% 45.13%
Number of daily rates quoted 6879 6612 6625
Average daily rate £425 £420 £425
Average daily rate % change year-on-year
+1.19% -1.17%
90% offered a daily rate of more than £250 £240 £270
10% offered a daily rate of more than £600 £575 £575
UK excluding London average daily rate £363 £350 £350
% change year-on-year
+3.57% -
Number of hourly rates quoted 261 208 301
Average hourly rate £19.88 £19.00 £21.34
Average hourly rate % change year-on-year
+4.60% -10.94%
90% offered a hourly rate of more than £12.50 £13.49 £12.00
10% offered a hourly rate of more than £52.17 £32.03 £46.00
UK excluding London average hourly rate £18.49 £17.50 £19.50
% change year-on-year
+5.62% -10.25%

Sophis
Jobs Demand Trend in London

This chart provides a 3-month moving total of IT contractor jobs citing Sophis across the London region as a proportion of the total demand within the Vendors category.

Sophis Jobs Demand Trend in London

Sophis
Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Sophis across the London region.

Sophis Daily Rate Trend in London

Sophis
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Sophis across the London region over the 3 months to 1 July 2015.

Sophis Daily Rate Histogram in London

Sophis
Hourly Rate Trend in London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Sophis across the London region.

Sophis Hourly Rate Trend in London

Sophis
Top 30 Related IT Skills in London

For the 6 months to 1 July 2015, IT contractor jobs across the London region citing Sophis 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 Sophis.

1 15 (62.50%) Derivative
2 12 (50.00%) Finance
3 11 (45.83%) Murex
4 10 (41.67%) Banking
5 7 (29.17%) SQL
5 7 (29.17%) Equity Derivative
5 7 (29.17%) Fixed Income
6 6 (25.00%) Front Office
6 6 (25.00%) Investment Banking
6 6 (25.00%) Foreign Exchange (FX)
6 6 (25.00%) Charles River
6 6 (25.00%) thinkFolio
7 5 (20.83%) Portfolio Management
7 5 (20.83%) Agile Software Development
7 5 (20.83%) Data Analysis
7 5 (20.83%) BPR
7 5 (20.83%) SimCorp
7 5 (20.83%) SimCorp Dimension
7 5 (20.83%) LatentZero
7 5 (20.83%) CFA
8 4 (16.67%) Calypso
9 3 (12.50%) Equities
9 3 (12.50%) Stakeholder Management
9 3 (12.50%) Credit Risk
10 2 (8.33%) Open Workbench
10 2 (8.33%) Test Scripting
10 2 (8.33%) Monte Carlo Method
10 2 (8.33%) Analytics
10 2 (8.33%) Swaptions
10 2 (8.33%) SDLC

Sophis
Top Related IT Skills in London by Category

For the 6 months to 1 July 2015, IT contractor jobs across the London region citing Sophis 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 Sophis. Up to 20 skills are shown per category.

Applications
1 2 (8.33%) Open Workbench
2 1 (4.17%) MS Office
2 1 (4.17%) MS Excel
2 1 (4.17%) MS Visio
2 1 (4.17%) MS PowerPoint
Business Applications
1 6 (25.00%) thinkFolio
2 5 (20.83%) LatentZero
2 5 (20.83%) SimCorp Dimension
3 1 (4.17%) Misys Opics
3 1 (4.17%) Front Arena
3 1 (4.17%) Summit
Database & Business Intelligence
1 1 (4.17%) Crystal Reports
Development Applications
1 1 (4.17%) ClearQuest
1 1 (4.17%) JIRA
General
1 12 (50.00%) Finance
2 10 (41.67%) Banking
3 6 (25.00%) Investment Banking
3 6 (25.00%) Front Office
4 2 (8.33%) Back Office
5 1 (4.17%) Corporate Banking
Job Titles
1 9 (37.50%) Analyst
2 5 (20.83%) Project Manager
3 3 (12.50%) Business Analyst
3 3 (12.50%) Programme Manager
3 3 (12.50%) Applications Support
3 3 (12.50%) IT Programme Manager
3 3 (12.50%) IT Project Manager
4 2 (8.33%) Sophis Business Analyst
4 2 (8.33%) Applications Support Analyst
4 2 (8.33%) Support Specialist
4 2 (8.33%) Support Analyst
5 1 (4.17%) Support Engineer
5 1 (4.17%) Test Manager
5 1 (4.17%) Test Analyst
5 1 (4.17%) Junior
5 1 (4.17%) Developer
5 1 (4.17%) Architect
5 1 (4.17%) Senior Business Analyst
5 1 (4.17%) Senior Analyst
5 1 (4.17%) Business Manager
Libraries, Frameworks & Software Standards
1 1 (4.17%) XML
Miscellaneous
1 15 (62.50%) Derivative
2 7 (29.17%) Equity Derivative
2 7 (29.17%) Fixed Income
3 6 (25.00%) Foreign Exchange (FX)
4 3 (12.50%) Equities
4 3 (12.50%) Credit Risk
5 2 (8.33%) Swaptions
6 1 (4.17%) Hedge funds
6 1 (4.17%) Analytical Skills
6 1 (4.17%) PMI
Operating Systems
1 1 (4.17%) UNIX
1 1 (4.17%) Windows
1 1 (4.17%) Linux
Processes & Methodologies
1 5 (20.83%) BPR
1 5 (20.83%) Data Analysis
1 5 (20.83%) Agile Software Development
1 5 (20.83%) Portfolio Management
2 3 (12.50%) Stakeholder Management
3 2 (8.33%) Programme Management
3 2 (8.33%) Project Management
3 2 (8.33%) Asset Management
3 2 (8.33%) Test Scripting
3 2 (8.33%) Monte Carlo Method
3 2 (8.33%) Analytics
3 2 (8.33%) Migration
3 2 (8.33%) SDLC
4 1 (4.17%) Low Latency
4 1 (4.17%) Coaching
4 1 (4.17%) Stakeholder Engagement
4 1 (4.17%) Test Strategy
4 1 (4.17%) Root Cause Analysis
4 1 (4.17%) Electronic Trading
4 1 (4.17%) Investment Management
Programming Languages
1 7 (29.17%) SQL
2 1 (4.17%) Python
2 1 (4.17%) Shell Script
2 1 (4.17%) C#
2 1 (4.17%) Java
2 1 (4.17%) Perl
Qualifications
1 5 (20.83%) CFA
2 1 (4.17%) Degree
2 1 (4.17%) PRINCE2 Certification
2 1 (4.17%) PMI Certification
Systems Management
1 1 (4.17%) Control-M
1 1 (4.17%) HP Quality Center
Vendors
1 11 (45.83%) Murex
2 6 (25.00%) Charles River
3 5 (20.83%) SimCorp
4 4 (16.67%) Calypso
5 2 (8.33%) Bloomberg
5 2 (8.33%) Microsoft
6 1 (4.17%) Wall Street Systems
6 1 (4.17%) Remedy
6 1 (4.17%) Oracle
6 1 (4.17%) IBM
6 1 (4.17%) Fidessa
6 1 (4.17%) SunGard