The table below looks at the prevalence of the term Swaptions in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Swaptions over the 3 months to 20 August 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
20 Aug 2014
Same period 2013 Same period 2012
Swaptions
Rank 409 405 398
Rank change year-on-year
-4 -7
Contract jobs citing Swaptions 2 20 24
As % of all contract IT jobs located in London 0.008% 0.080% 0.090%
As % of the Miscellaneous category 0.027% 0.25% 0.29%
Number of daily rates quoted 1 19 24
Average daily rate
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£625 £550 £558
Average daily rate % change year-on-year
+13.63% -1.43%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Swaptions
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
7291 8161 8334
As % of all contract IT jobs located in London 30.61% 32.52% 31.34%
Number of daily rates quoted 4831 5614 5676
Average daily rate £450 £450 £475
Average daily rate % change year-on-year
- -5.26%
90% offered a daily rate of more than £287 £275 £275
10% offered a daily rate of more than £638 £638 £625
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 159 172 219
Average hourly rate £18.00 £20.50 £22.32
Average hourly rate % change year-on-year
-12.19% -8.15%
90% offered a hourly rate of more than £14.01 £13.50 £13.00
10% offered a hourly rate of more than £40.00 £46.40 £40.00
UK excluding London average hourly rate £19.00 £17.50 £29.00
% change year-on-year
+8.57% -39.65%

Swaptions
Jobs Demand Trend in London

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

Swaptions Jobs Demand Trend in London

Swaptions
Daily Rate Trend in London

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

Swaptions Daily Rate Trend in London

Swaptions
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 Swaptions within the London region over the 3 months to 20 August 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 +26 2 £625 +8.69%
Swaptions
England

Swaptions
Top 30 Related IT Skills in London

For the 6 months to 20 August 2014, IT contractor jobs across the London region citing Swaptions 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 Swaptions.

1 13 (56.52%) Banking
2 11 (47.83%) SQL
2 11 (47.83%) Investment Banking
3 10 (43.48%) Waterfall
4 9 (39.13%) Analytics
4 9 (39.13%) Agile Software Development
5 7 (30.43%) Derivative
6 6 (26.09%) Finance
7 5 (21.74%) Front Office
7 5 (21.74%) Interest Rate Derivative
8 4 (17.39%) Asset Management
8 4 (17.39%) Fixed Income
8 4 (17.39%) Foreign Exchange (FX)
9 3 (13.04%) Oracle
9 3 (13.04%) Regression Testing
9 3 (13.04%) Validation
9 3 (13.04%) Software Testing
9 3 (13.04%) Retail
9 3 (13.04%) Test Scripting
10 2 (8.70%) Monte Carlo Method
10 2 (8.70%) thinkFolio
10 2 (8.70%) User Acceptance Testing
10 2 (8.70%) Quantitative Risk Management
10 2 (8.70%) VBA
10 2 (8.70%) Data Modelling
10 2 (8.70%) ETL
11 1 (4.35%) RDBMS
11 1 (4.35%) SunGard
11 1 (4.35%) OpenLink
11 1 (4.35%) Endur

Swaptions
Top Related IT Skills in London by Category

For the 6 months to 20 August 2014, IT contractor jobs across the London region citing Swaptions 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 Swaptions. Up to 20 skills are shown per category.

Business Applications
1 1 (4.35%) Endur
1 1 (4.35%) Front Arena
1 1 (4.35%) Markit EDM
Database & Business Intelligence
1 1 (4.35%) SQL Server
1 1 (4.35%) RDBMS
1 1 (4.35%) Relational Database
General
1 13 (56.52%) Banking
2 11 (47.83%) Investment Banking
3 6 (26.09%) Finance
4 5 (21.74%) Front Office
5 3 (13.04%) Retail
6 1 (4.35%) Retail Banking
Job Titles
1 15 (65.22%) Analyst
2 12 (52.17%) Business Analyst
3 4 (17.39%) Test Leader
4 3 (13.04%) Test Analyst
5 2 (8.70%) Investment Banking Business Analyst
6 1 (4.35%) Lead Business Analyst
6 1 (4.35%) Business Data Analyst
6 1 (4.35%) Developer
6 1 (4.35%) Project Manager
6 1 (4.35%) Data Analyst
6 1 (4.35%) Credit Analyst
6 1 (4.35%) Credit Risk Business Analyst
6 1 (4.35%) Risk Analyst
6 1 (4.35%) Business Project Manager
6 1 (4.35%) Technical Business Analyst
6 1 (4.35%) Business Manager
6 1 (4.35%) Banking Business Analyst
6 1 (4.35%) Credit Risk Analyst
Libraries, Frameworks & Software Standards
1 1 (4.35%) OLE
Miscellaneous
1 7 (30.43%) Derivative
2 5 (21.74%) Interest Rate Derivative
3 4 (17.39%) Foreign Exchange (FX)
3 4 (17.39%) Fixed Income
4 1 (4.35%) Credit Risk
Processes & Methodologies
1 10 (43.48%) Waterfall
2 9 (39.13%) Analytics
2 9 (39.13%) Agile Software Development
3 4 (17.39%) Asset Management
4 3 (13.04%) Regression Testing
4 3 (13.04%) Validation
4 3 (13.04%) Software Testing
4 3 (13.04%) Test Scripting
5 2 (8.70%) Monte Carlo Method
5 2 (8.70%) User Acceptance Testing
5 2 (8.70%) Quantitative Risk Management
5 2 (8.70%) Data Modelling
5 2 (8.70%) ETL
6 1 (4.35%) Migration
6 1 (4.35%) Data Analysis
6 1 (4.35%) Business Analysis
6 1 (4.35%) Business Transformation
6 1 (4.35%) Fund Accounting
6 1 (4.35%) OO
Programming Languages
1 11 (47.83%) SQL
2 2 (8.70%) VBA
3 1 (4.35%) Python
3 1 (4.35%) R
3 1 (4.35%) VB
3 1 (4.35%) Java
Qualifications
1 1 (4.35%) Degree
Systems Management
1 1 (4.35%) HP Quality Center
Vendors
1 3 (13.04%) Oracle
2 2 (8.70%) thinkFolio
3 1 (4.35%) Sybase
3 1 (4.35%) SunGard
3 1 (4.35%) OpenLink