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 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
29 Jul 2015
Same period 2014 Same period 2013
Swaptions
Rank 407 408 398
Rank change year-on-year
+1 -10
Contract jobs citing Swaptions 7 12 22
As % of all contract IT jobs located in London 0.030% 0.051% 0.091%
As % of the Miscellaneous category 0.083% 0.14% 0.23%
Number of daily rates quoted 7 11 21
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£575 £550 £550
Average daily rate % change year-on-year
+4.54% -
90% offered a daily rate of more than £500 £325 £500
10% offered a daily rate of more than £655 £600 £650
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
8475 8857 9466
As % of all contract IT jobs located in London 35.99% 37.50% 39.04%
Number of daily rates quoted 5931 5986 6429
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 164 163 211
Average hourly rate £20.00 £19.00 £22.50
Average hourly rate % change year-on-year
+5.26% -15.55%
90% offered a hourly rate of more than £14.50 £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 £21.75 £20.00
% change year-on-year
-12.27% +8.75%

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 July 2015.

Swaptions Daily Rate Histogram 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 29 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 -1 2 £625 +13.63% 1
Swaptions
England

Swaptions
Top 30 Related IT Skills in London

For the 6 months to 29 July 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 (61.54%) C#
1 16 (61.54%) Front Office
2 12 (46.15%) VBA
3 11 (42.31%) Finance
4 10 (38.46%) .NET
4 10 (38.46%) Fixed Income
4 10 (38.46%) Banking
4 10 (38.46%) Derivative
5 8 (30.77%) TDD
6 6 (23.08%) Calypso
6 6 (23.08%) Equity Derivative
7 5 (19.23%) Investment Banking
7 5 (19.23%) SQL
7 5 (19.23%) Murex
7 5 (19.23%) WPF
7 5 (19.23%) EMIR
8 4 (15.38%) Dodd-Frank
8 4 (15.38%) Hedge funds
8 4 (15.38%) Contract for Difference
8 4 (15.38%) Release Management
8 4 (15.38%) Python
8 4 (15.38%) SunGard
8 4 (15.38%) Foreign Exchange (FX)
8 4 (15.38%) Management Information System
8 4 (15.38%) Workflow
8 4 (15.38%) Front Arena
9 2 (7.69%) Interest Rate Derivative
9 2 (7.69%) Credit Derivative
9 2 (7.69%) Back Office
9 2 (7.69%) SQL Server

Swaptions
Top Related IT Skills in London by Category

For the 6 months to 29 July 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 (3.85%) Spreadsheet
Business Applications
1 4 (15.38%) Front Arena
2 1 (3.85%) Summit
Database & Business Intelligence
1 2 (7.69%) SQL Server
2 1 (3.85%) SQL Server 2008
General
1 16 (61.54%) Front Office
2 11 (42.31%) Finance
3 10 (38.46%) Banking
4 5 (19.23%) Investment Banking
5 2 (7.69%) Back Office
6 1 (3.85%) Private Banking
Job Titles
1 12 (46.15%) Developer
2 10 (38.46%) Analyst
3 8 (30.77%) Business Analyst
4 6 (23.08%) C# Developer
5 4 (15.38%) Applications Support
6 2 (7.69%) Tools Developer
6 2 (7.69%) Business Systems Analyst
6 2 (7.69%) Systems Analyst
6 2 (7.69%) Senior Developer
7 1 (3.85%) Support Analyst
7 1 (3.85%) Support Engineer
7 1 (3.85%) Tester
7 1 (3.85%) Test Analyst
7 1 (3.85%) Senior Analyst
7 1 (3.85%) .NET Developer
7 1 (3.85%) Applications Support Analyst
7 1 (3.85%) Technical Analyst
7 1 (3.85%) Senior Support Analyst
7 1 (3.85%) Quantitative Developer
7 1 (3.85%) Applications Support Engineer
Libraries, Frameworks & Software Standards
1 10 (38.46%) .NET
2 5 (19.23%) WPF
3 2 (7.69%) WCF
4 1 (3.85%) XML
4 1 (3.85%) FpML
4 1 (3.85%) WinForms
Miscellaneous
1 10 (38.46%) Fixed Income
1 10 (38.46%) Derivative
2 6 (23.08%) Equity Derivative
3 4 (15.38%) Foreign Exchange (FX)
3 4 (15.38%) Management Information System
3 4 (15.38%) Contract for Difference
3 4 (15.38%) Hedge funds
4 2 (7.69%) Credit Derivative
4 2 (7.69%) Interest Rate Derivative
5 1 (3.85%) DTCC
5 1 (3.85%) Analytical Skills
5 1 (3.85%) Mathematics
5 1 (3.85%) N-Tier
Processes & Methodologies
1 8 (30.77%) TDD
2 4 (15.38%) Release Management
2 4 (15.38%) Workflow
3 2 (7.69%) Manual Testing
3 2 (7.69%) UML
3 2 (7.69%) Waterfall
3 2 (7.69%) Agile Software Development
4 1 (3.85%) SDLC
4 1 (3.85%) RAD
4 1 (3.85%) RUP
4 1 (3.85%) Project Management
4 1 (3.85%) Regression Testing
4 1 (3.85%) GAP Analysis
4 1 (3.85%) Data Analysis
4 1 (3.85%) Automated Testing
4 1 (3.85%) Business Analysis
4 1 (3.85%) Software Testing
4 1 (3.85%) Wealth Management
4 1 (3.85%) MVVM
4 1 (3.85%) Migration
Programming Languages
1 16 (61.54%) C#
2 12 (46.15%) VBA
3 5 (19.23%) SQL
4 4 (15.38%) Python
5 1 (3.85%) C++
Qualifications
1 1 (3.85%) PhD
1 1 (3.85%) Degree
Quality Assurance & Compliance
1 5 (19.23%) EMIR
2 4 (15.38%) Dodd-Frank
3 1 (3.85%) QA
Systems Management
1 1 (3.85%) HP Quality Center
Vendors
1 6 (23.08%) Calypso
2 5 (19.23%) Murex
3 4 (15.38%) SunGard
4 1 (3.85%) Reuters
4 1 (3.85%) Bloomberg
4 1 (3.85%) Sophis