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 29 May 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
29 May 2015
Same period 2014 Same period 2013
Swaptions
Rank 393 384 376
Rank change year-on-year
-9 -8
Contract jobs citing Swaptions 9 21 24
As % of all contract IT jobs located in London 0.041% 0.092% 0.11%
As % of the Miscellaneous category 0.11% 0.25% 0.28%
Number of daily rates quoted 8 17 24
Average daily rate
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£588 £525 £500
Average daily rate % change year-on-year
+11.90% +5.00%
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
7832 8557 8659
As % of all contract IT jobs located in London 35.72% 37.56% 39.16%
Number of daily rates quoted 5398 6012 5888
Average daily rate £463 £450 £470
Average daily rate % change year-on-year
+2.77% -4.25%
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £640 £650 £625
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 140 149 199
Average hourly rate £18.00 £20.00 £22.50
Average hourly rate % change year-on-year
-10.00% -11.11%
90% offered a hourly rate of more than £13.50 £13.10 £15.15
10% offered a hourly rate of more than £52.17 £41.40 £54.00
UK excluding London average hourly rate £19.00 £21.50 £21.50
% change year-on-year
-11.62% -

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
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Swaptions across the London region over the 3 months to 29 May 2015.

Swaptions Daily Rate Histogram in London

Swaptions
Top 30 Related IT Skills in London

For the 6 months to 29 May 2015, 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 16 (59.26%) C#
1 16 (59.26%) Front Office
2 13 (48.15%) VBA
3 12 (44.44%) Derivative
4 11 (40.74%) Finance
5 10 (37.04%) Banking
5 10 (37.04%) .NET
6 9 (33.33%) Fixed Income
7 7 (25.93%) TDD
7 7 (25.93%) Investment Banking
7 7 (25.93%) Equity Derivative
7 7 (25.93%) Calypso
8 6 (22.22%) EMIR
9 5 (18.52%) Dodd-Frank
9 5 (18.52%) Contract for Difference
9 5 (18.52%) Management Information System
9 5 (18.52%) Workflow
9 5 (18.52%) Murex
9 5 (18.52%) Foreign Exchange (FX)
10 4 (14.81%) Front Arena
10 4 (14.81%) SQL
10 4 (14.81%) Python
10 4 (14.81%) SunGard
10 4 (14.81%) WPF
10 4 (14.81%) Hedge funds
10 4 (14.81%) Release Management
11 2 (7.41%) UML
11 2 (7.41%) Interest Rate Derivative
11 2 (7.41%) Agile Software Development
11 2 (7.41%) Degree

Swaptions
Top Related IT Skills in London by Category

For the 6 months to 29 May 2015, 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.

Applications
1 1 (3.70%) Spreadsheet
Business Applications
1 4 (14.81%) Front Arena
2 1 (3.70%) Summit
Database & Business Intelligence
1 1 (3.70%) SQL Server 2008
1 1 (3.70%) SQL Server
General
1 16 (59.26%) Front Office
2 11 (40.74%) Finance
3 10 (37.04%) Banking
4 7 (25.93%) Investment Banking
5 1 (3.70%) Back Office
Job Titles
1 13 (48.15%) Developer
2 10 (37.04%) Analyst
3 9 (33.33%) Business Analyst
4 5 (18.52%) C# Developer
5 4 (14.81%) Applications Support
6 3 (11.11%) Tools Developer
6 3 (11.11%) Senior Developer
7 2 (7.41%) Business Systems Analyst
7 2 (7.41%) Systems Analyst
8 1 (3.70%) Financial Services Business Analyst
8 1 (3.70%) C++ Quantitative Developer
8 1 (3.70%) RAD Developer
8 1 (3.70%) Sophis Developer
8 1 (3.70%) .NET Developer
8 1 (3.70%) Senior Analyst
8 1 (3.70%) Applications Support Analyst
8 1 (3.70%) Technical Analyst
8 1 (3.70%) Senior Support Analyst
8 1 (3.70%) Quantitative Developer
8 1 (3.70%) Applications Support Engineer
Libraries, Frameworks & Software Standards
1 10 (37.04%) .NET
2 4 (14.81%) WPF
3 2 (7.41%) WinForms
3 2 (7.41%) WCF
4 1 (3.70%) XML
4 1 (3.70%) FpML
Miscellaneous
1 12 (44.44%) Derivative
2 9 (33.33%) Fixed Income
3 7 (25.93%) Equity Derivative
4 5 (18.52%) Contract for Difference
4 5 (18.52%) Management Information System
4 5 (18.52%) Foreign Exchange (FX)
5 4 (14.81%) Hedge funds
6 2 (7.41%) Interest Rate Derivative
6 2 (7.41%) Credit Derivative
6 2 (7.41%) Mathematics
7 1 (3.70%) Computer Science
7 1 (3.70%) Credit Risk
7 1 (3.70%) Analytical Skills
7 1 (3.70%) DTCC
7 1 (3.70%) N-Tier
Processes & Methodologies
1 7 (25.93%) TDD
2 5 (18.52%) Workflow
3 4 (14.81%) Release Management
4 2 (7.41%) UML
4 2 (7.41%) Agile Software Development
4 2 (7.41%) Waterfall
5 1 (3.70%) User Acceptance Testing
5 1 (3.70%) Stress Testing
5 1 (3.70%) Multithreading
5 1 (3.70%) Manual Testing
5 1 (3.70%) SDLC
5 1 (3.70%) Migration
5 1 (3.70%) Business Analysis
5 1 (3.70%) Data Analysis
5 1 (3.70%) RAD
5 1 (3.70%) RUP
5 1 (3.70%) GAP Analysis
Programming Languages
1 16 (59.26%) C#
2 13 (48.15%) VBA
3 4 (14.81%) SQL
3 4 (14.81%) Python
4 1 (3.70%) C++
Qualifications
1 2 (7.41%) Degree
2 1 (3.70%) PhD
Quality Assurance & Compliance
1 6 (22.22%) EMIR
2 5 (18.52%) Dodd-Frank
3 1 (3.70%) QA
Systems Management
1 1 (3.70%) HP Quality Center
Vendors
1 7 (25.93%) Calypso
2 5 (18.52%) Murex
3 4 (14.81%) SunGard
4 2 (7.41%) Sophis
5 1 (3.70%) Reuters
5 1 (3.70%) Bloomberg
London
Real Staffing
Rate: £500 - £650 per day +
Posted: 10 days ago