The table below looks at the prevalence of the term Foreign Exchange (FX) in IT contracts advertised for the Scotland region. Included is a guide to the average contractor rates offered in IT contracts that have cited Foreign Exchange (FX) 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
Foreign Exchange (FX)
Rank 99 66 105
Rank change year-on-year
-33 +39
Contract jobs citing Foreign Exchange (FX) 30 48 7
As % of all contract IT jobs located in Scotland 1.09% 1.92% 0.26%
As % of the Miscellaneous category 5.43% 10.11% 1.40%
Number of daily rates quoted 15 34 4
Average daily rate
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of your Daily Rate
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£400 £438 £150
Average daily rate % change year-on-year
-8.57% +191.66%
UK excluding London average daily rate £400 £450 £438
% change year-on-year
-11.11% +2.85%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £49.00 £25.00
% change year-on-year
- +96.00%
Foreign Exchange (FX)
UK

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

Miscellaneous Category
Scotland
Contract IT job ads with a match in the
Miscellaneous category
552 475 500
As % of all contract IT jobs located in Scotland 20.10% 19.01% 18.76%
Number of daily rates quoted 299 248 198
Average daily rate £349 £375 £350
Average daily rate % change year-on-year
-7.06% +7.14%
90% offered a daily rate of more than £210 £169 £202
10% offered a daily rate of more than £490 £500 £500
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 17 22 50
Average hourly rate £15.77 £13.00 £20.00
Average hourly rate % change year-on-year
+21.30% -35.00%
90% offered a hourly rate of more than £11.00 £9.25 £10.88
10% offered a hourly rate of more than £75.40 £17.90 £40.80
UK excluding London average hourly rate £19.00 £17.50 £29.00
% change year-on-year
+8.57% -39.65%

Foreign Exchange (FX)
Jobs Demand Trend in Scotland

This chart provides a 3-month moving total of IT contractor jobs citing Foreign Exchange (FX) across the Scotland region as a proportion of the total demand within the Miscellaneous category.

Foreign Exchange (FX) Jobs Demand Trend in Scotland

Foreign Exchange (FX)
Daily Rate Trend in Scotland

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Foreign Exchange (FX) across the Scotland region.

Foreign Exchange (FX) Daily Rate Trend in Scotland

Foreign Exchange (FX)
Hourly Rate Trend in Scotland

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Foreign Exchange (FX) across the Scotland region.

Foreign Exchange (FX) Hourly Rate Trend in Scotland

Foreign Exchange (FX)
Contract Job Locations in Scotland

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Foreign Exchange (FX) within the Scotland 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
Glasgow -8 20 £400 -20.00% 2
Stirling -7 8 £350 -12.50%
Edinburgh -16 1 - -
Foreign Exchange (FX)
UK

Foreign Exchange (FX)
Top 30 Related IT Skills in Scotland

For the 6 months to 20 August 2014, IT contractor jobs across the Scotland region citing Foreign Exchange (FX) 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 Foreign Exchange (FX).

1 51 (76.12%) Java
2 33 (49.25%) Front Office
3 31 (46.27%) Banking
4 28 (41.79%) SQL
5 24 (35.82%) C#
6 23 (34.33%) OO
6 23 (34.33%) Derivative
7 22 (32.84%) Equities
8 19 (28.36%) Linux
8 19 (28.36%) XML
9 17 (25.37%) .NET
10 16 (23.88%) Finance
10 16 (23.88%) WPF
10 16 (23.88%) Multithreading
11 15 (22.39%) KDB
11 15 (22.39%) Spring
12 14 (20.90%) UNIX
13 13 (19.40%) C++
13 13 (19.40%) Scala
14 12 (17.91%) Python
15 11 (16.42%) Risk Management
15 11 (16.42%) Perl
15 11 (16.42%) XSLT
15 11 (16.42%) Investment Banking
15 11 (16.42%) Relational Database
16 10 (14.93%) Hibernate
16 10 (14.93%) Java SE
17 9 (13.43%) Oracle
17 9 (13.43%) SOA
18 8 (11.94%) HTML

Foreign Exchange (FX)
Top Related IT Skills in Scotland by Category

For the 6 months to 20 August 2014, IT contractor jobs across the Scotland region citing Foreign Exchange (FX) 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 Foreign Exchange (FX). Up to 20 skills are shown per category.

Application Platforms
1 5 (7.46%) WebSphere
2 4 (5.97%) WebLogic
2 4 (5.97%) Apache
2 4 (5.97%) Tomcat
3 1 (1.49%) PegaRULES
3 1 (1.49%) WebSphere Application Server
Applications
1 1 (1.49%) MS PowerPoint
1 1 (1.49%) MS Excel
Business Applications
1 1 (1.49%) Murex MxG2000
Communications & Networking
1 4 (5.97%) HTTP
Database & Business Intelligence
1 15 (22.39%) KDB
2 11 (16.42%) Relational Database
3 5 (7.46%) Oracle Database
3 5 (7.46%) Oracle Database 11g
3 5 (7.46%) NoSQL
4 4 (5.97%) Oracle Database 10g
5 2 (2.99%) Oracle Reports
5 2 (2.99%) Data Warehouse
6 1 (1.49%) BusinessObjects XI
6 1 (1.49%) BusinessObjects Web Intelligence
6 1 (1.49%) Data Mining
6 1 (1.49%) MS Access
6 1 (1.49%) RDBMS
Development Applications
1 4 (5.97%) JUnit
2 2 (2.99%) SoapUI
2 2 (2.99%) Cucumber
2 2 (2.99%) Selenium
3 1 (1.49%) T4 Templates
3 1 (1.49%) MSBuild
3 1 (1.49%) Rational Application Developer
3 1 (1.49%) FitNesse
3 1 (1.49%) JIRA
3 1 (1.49%) ReSharper
3 1 (1.49%) TeamCity
3 1 (1.49%) FxCop
3 1 (1.49%) Maven
3 1 (1.49%) Subversion
3 1 (1.49%) Eclipse
3 1 (1.49%) JMeter
3 1 (1.49%) QuickTest Pro
3 1 (1.49%) Visual Studio
General
1 33 (49.25%) Front Office
2 31 (46.27%) Banking
3 16 (23.88%) Finance
4 11 (16.42%) Investment Banking
5 1 (1.49%) Back Office
Job Titles
1 62 (92.54%) Developer
2 30 (44.78%) Java Developer
3 15 (22.39%) C# Developer
4 13 (19.40%) WPF Developer
5 8 (11.94%) C++ Developer
6 5 (7.46%) Senior Developer
7 3 (4.48%) UI Programmer
7 3 (4.48%) UI Developer
7 3 (4.48%) Oracle Developer
8 2 (2.99%) Analyst
9 1 (1.49%) Oracle Data Warehouse Developer
9 1 (1.49%) Senior Data Warehouse Developer
9 1 (1.49%) Senior Oracle Data Warehouse Developer
9 1 (1.49%) MI Analyst
9 1 (1.49%) Data Warehouse Developer
9 1 (1.49%) Senior Oracle Developer
9 1 (1.49%) .NET Developer
9 1 (1.49%) Development Specialist
9 1 (1.49%) Project Manager
9 1 (1.49%) Business Analyst
Libraries, Frameworks & Software Standards
1 19 (28.36%) XML
2 17 (25.37%) .NET
3 16 (23.88%) WPF
4 15 (22.39%) Spring
5 11 (16.42%) XSLT
6 10 (14.93%) Hibernate
6 10 (14.93%) Java SE
7 8 (11.94%) HTML
7 8 (11.94%) FIX Protocol
7 8 (11.94%) HTML5
8 7 (10.45%) Web Services
9 6 (8.96%) JMS
9 6 (8.96%) Boost C++ Libraries
9 6 (8.96%) Java EE
9 6 (8.96%) AngularJS
9 6 (8.96%) REST
10 4 (5.97%) WinForms
10 4 (5.97%) Reactive Extensions
10 4 (5.97%) Task Parallel Library
10 4 (5.97%) Spring Integration
Miscellaneous
1 23 (34.33%) Derivative
2 22 (32.84%) Equities
3 5 (7.46%) Fixed Income
4 4 (5.97%) Visualisation
5 2 (2.99%) Hedge funds
6 1 (1.49%) Mathematics
6 1 (1.49%) Credit Risk
6 1 (1.49%) Social Media
6 1 (1.49%) DataPower
Operating Systems
1 19 (28.36%) Linux
2 14 (20.90%) UNIX
3 1 (1.49%) Windows
Processes & Methodologies
1 23 (34.33%) OO
2 16 (23.88%) Multithreading
3 11 (16.42%) Risk Management
4 9 (13.43%) SOA
5 7 (10.45%) TDD
6 5 (7.46%) Migration
7 4 (5.97%) E-Commerce
7 4 (5.97%) Agile Software Development
7 4 (5.97%) Algorithmic Trading
7 4 (5.97%) Data Visualisation
7 4 (5.97%) Functional Programming
7 4 (5.97%) Performance Tuning
7 4 (5.97%) Performance Analysis
8 2 (2.99%) OOP
8 2 (2.99%) ETL
8 2 (2.99%) Asset Management
8 2 (2.99%) Automated Testing
8 2 (2.99%) Electronic Trading
8 2 (2.99%) Investment Management
9 1 (1.49%) User Acceptance Testing
Programming Languages
1 51 (76.12%) Java
2 28 (41.79%) SQL
3 24 (35.82%) C#
4 13 (19.40%) C++
4 13 (19.40%) Scala
5 12 (17.91%) Python
6 11 (16.42%) Perl
7 7 (10.45%) Clojure
8 5 (7.46%) JavaScript
9 4 (5.97%) Haskell
10 1 (1.49%) ClojureScript
10 1 (1.49%) PL/SQL
10 1 (1.49%) T-SQL
10 1 (1.49%) VB
Qualifications
1 1 (1.49%) Degree
1 1 (1.49%) IIBA
1 1 (1.49%) ISEB
Quality Assurance & Compliance
1 1 (1.49%) EMIR
1 1 (1.49%) Dodd-Frank
Systems Management
1 2 (2.99%) CA LISA
2 1 (1.49%) Control-M
Vendors
1 9 (13.43%) Oracle
2 5 (7.46%) IBM
3 4 (5.97%) Microsoft
4 3 (4.48%) Reuters
4 3 (4.48%) Bloomberg
4 3 (4.48%) Sybase
5 2 (2.99%) CA
6 1 (1.49%) Murex
6 1 (1.49%) Calypso
6 1 (1.49%) Adobe
6 1 (1.49%) Charles River
6 1 (1.49%) Business Objects