The table below looks at the prevalence of the term Contract for Difference in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Contract for Difference over the 3 months to 17 April 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
17 Apr 2015
Same period 2014 Same period 2013
Contract for Difference (CFD)
Rank 575 589 552
Rank change year-on-year
+14 -37
Contract jobs citing Contract for Difference 18 10 12
As % of all contract IT jobs located in the UK 0.032% 0.018% 0.025%
As % of the Miscellaneous category 0.11% 0.057% 0.080%
Number of daily rates quoted 15 7 7
Average daily rate
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£700 £413 £550
Average daily rate % change year-on-year
+69.69% -25.00%
UK excluding London average daily rate - - £550
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -

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

Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
16905 17481 14911
As % of all contract IT jobs located in the UK 30.25% 31.01% 30.68%
Number of daily rates quoted 10395 10746 8904
Average daily rate £425 £405 £425
Average daily rate % change year-on-year
+4.93% -4.70%
90% offered a daily rate of more than £250 £233 £240
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £350 £340
% change year-on-year
+7.14% +2.94%
Number of hourly rates quoted 664 665 713
Average hourly rate £19.00 £21.00 £23.00
Average hourly rate % change year-on-year
-9.52% -8.69%
90% offered a hourly rate of more than £11.50 £11.50 £12.00
10% offered a hourly rate of more than £45.00 £42.50 £42.50
UK excluding London average hourly rate £19.00 £20.50 £23.50
% change year-on-year
-7.31% -12.76%

Contract for Difference
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Contract for Difference within the UK as a proportion of the total demand within the Miscellaneous category.

Contract for Difference Jobs Demand Trend in the UK

Contract for Difference
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Contract for Difference within the UK.

Contract for Difference Daily Rate Trend in the UK

Contract for Difference
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Contract for Difference within the UK over the 3 months to 17 April 2015.

Contract for Difference Daily Rate Histogram in the UK

Contract for Difference
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Contract for Difference within the UK.

Contract for Difference Hourly Rate Trend in the UK

Contract for Difference
Top 8 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Contract for Difference within the UK over the 3 months to 17 April 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
London +13 18 £700 +69.69%
England +4 18 £700 +69.69%
City of London +20 2 £400 -3.03%
Scotland - - - - 1
East of England - - - -
Hertfordshire - - - -
Aberdeen - - - -
Hemel Hempstead - - - -

Contract for Difference
Top 30 Related IT Skills

For the 6 months to 17 April 2015, IT contractor jobs within the UK citing Contract for Difference 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 Contract for Difference.

1 22 (78.57%) Finance
2 19 (67.86%) Project Management
3 18 (64.29%) Foreign Exchange (FX)
3 18 (64.29%) Back Office
3 18 (64.29%) Equities
3 18 (64.29%) Analytical Skills
4 15 (53.57%) Data Cleansing
4 15 (53.57%) Data Governance
4 15 (53.57%) Markit EDM
4 15 (53.57%) Master Data Management
4 15 (53.57%) Data Management
5 12 (42.86%) Enterprise Data Management
6 7 (25.00%) Investment Banking
6 7 (25.00%) Banking
7 6 (21.43%) Derivative
8 5 (17.86%) Microsoft
9 4 (14.29%) Calypso
9 4 (14.29%) Change Management
9 4 (14.29%) Management Information System
9 4 (14.29%) PRINCE2
9 4 (14.29%) Equity Derivative
9 4 (14.29%) Spread Betting
9 4 (14.29%) Workflow
9 4 (14.29%) Swaptions
9 4 (14.29%) EMIR
9 4 (14.29%) Dodd-Frank
10 3 (10.71%) Fixed Income
10 3 (10.71%) Data Warehouse
10 3 (10.71%) SQL
10 3 (10.71%) MS Excel

Contract for Difference
Top Related IT Skills by Category

For the 6 months to 17 April 2015, IT contractor jobs within the UK citing Contract for Difference 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 Contract for Difference. Up to 20 skills are shown per category.

Application Platforms
1 2 (7.14%) CMS
2 1 (3.57%) SharePoint
Applications
1 3 (10.71%) MS Excel
2 1 (3.57%) MS PowerPoint
2 1 (3.57%) Photoshop
2 1 (3.57%) MS Office
Business Applications
1 15 (53.57%) Markit EDM
Communications & Networking
1 2 (7.14%) DHCP
1 2 (7.14%) TCP/IP
1 2 (7.14%) DNS
1 2 (7.14%) Network Security
Database & Business Intelligence
1 3 (10.71%) Data Warehouse
2 2 (7.14%) BusinessObjects
3 1 (3.57%) Oracle Database 11g
3 1 (3.57%) Oracle Database
General
1 22 (78.57%) Finance
2 18 (64.29%) Back Office
3 7 (25.00%) Banking
3 7 (25.00%) Investment Banking
4 2 (7.14%) General Ledger
Job Titles
1 13 (46.43%) Developer
2 12 (42.86%) Analyst
2 12 (42.86%) Business Analyst
3 2 (7.14%) Master Data Analyst
3 2 (7.14%) Data Analyst
3 2 (7.14%) IT Support
3 2 (7.14%) Support Manager
3 2 (7.14%) IT Support Manager
4 1 (3.57%) Photoshop Designer
4 1 (3.57%) Front-End Developer
4 1 (3.57%) Systems Analyst
4 1 (3.57%) Web Developer
4 1 (3.57%) DBA
4 1 (3.57%) Senior Business Analyst
4 1 (3.57%) Senior Analyst
4 1 (3.57%) Designer
4 1 (3.57%) Oracle DBA
4 1 (3.57%) Web Designer
Libraries, Frameworks & Software Standards
1 1 (3.57%) HTML
1 1 (3.57%) CSS
1 1 (3.57%) XHTML
1 1 (3.57%) jQuery
1 1 (3.57%) Twitter Bootstrap
Miscellaneous
1 18 (64.29%) Equities
1 18 (64.29%) Foreign Exchange (FX)
1 18 (64.29%) Analytical Skills
2 6 (21.43%) Derivative
3 4 (14.29%) Equity Derivative
3 4 (14.29%) Spread Betting
3 4 (14.29%) Swaptions
3 4 (14.29%) Management Information System
4 3 (10.71%) Fixed Income
5 2 (7.14%) User Experience
6 1 (3.57%) Credit Risk
Operating Systems
1 2 (7.14%) Windows
2 1 (3.57%) Linux
2 1 (3.57%) Red Hat Enterprise Linux
Processes & Methodologies
1 19 (67.86%) Project Management
2 15 (53.57%) Data Management
2 15 (53.57%) Data Cleansing
2 15 (53.57%) Data Governance
2 15 (53.57%) Master Data Management
3 12 (42.86%) Enterprise Data Management
4 4 (14.29%) PRINCE2
4 4 (14.29%) Change Management
4 4 (14.29%) Workflow
5 2 (7.14%) Data Analysis
5 2 (7.14%) Business Analysis
5 2 (7.14%) Cost-Benefit Analysis
5 2 (7.14%) IT Governance
5 2 (7.14%) Business Intelligence
5 2 (7.14%) Technical Analysis
6 1 (3.57%) Analytics
6 1 (3.57%) Data Architecture
6 1 (3.57%) Stakeholder Engagement
6 1 (3.57%) Web Development
6 1 (3.57%) UML
Programming Languages
1 3 (10.71%) SQL
2 1 (3.57%) JavaScript
Qualifications
1 2 (7.14%) Degree
Quality Assurance & Compliance
1 4 (14.29%) EMIR
1 4 (14.29%) Dodd-Frank
2 2 (7.14%) COREP
3 1 (3.57%) CRD IV
System Software
1 2 (7.14%) Active Directory
1 2 (7.14%) ISA Server
2 1 (3.57%) Oracle RAC
Systems Management
1 1 (3.57%) Oracle RMAN
Vendors
1 5 (17.86%) Microsoft
2 4 (14.29%) Calypso
3 2 (7.14%) Business Objects
3 2 (7.14%) SAP
4 1 (3.57%) Oracle
4 1 (3.57%) NetApp
4 1 (3.57%) Red Hat
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Rate: £250.00 - £400.00 per day
Posted: 18 days ago