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 28 January 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
28 Jan 2015
Same period 2014 Same period 2013
Contract for Difference (CFD)
Rank 558 557 520
Rank change year-on-year
-1 -37
Contract jobs citing Contract for Difference 13 2 11
As % of all contract IT jobs located in the UK 0.026% 0.004% 0.024%
As % of the Miscellaneous category 0.087% 0.013% 0.081%
Number of daily rates quoted 5 2 11
Average daily rate
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£700 £550 £525
Average daily rate % change year-on-year
+27.27% +4.76%
UK excluding London average daily rate - - £550
Number of hourly rates quoted 2 0 0
Average hourly rate £105.00 - -
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
14973 14974 13655
As % of all contract IT jobs located in the UK 29.89% 30.66% 30.06%
Number of daily rates quoted 9455 9221 8169
Average daily rate £422 £405 £400
Average daily rate % change year-on-year
+4.19% +1.25%
90% offered a daily rate of more than £248 £230 £238
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £370 £350 £338
% change year-on-year
+5.57% +3.70%
Number of hourly rates quoted 597 599 825
Average hourly rate £18.50 £20.00 £20.00
Average hourly rate % change year-on-year
-7.50% -
90% offered a hourly rate of more than £11.19 £11.51 £11.50
10% offered a hourly rate of more than £42.50 £42.50 £40.00
UK excluding London average hourly rate £18.00 £17.50 £20.00
% change year-on-year
+2.85% -12.50%

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 28 January 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 3 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 28 January 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 +26 13 £700 +27.27% 2
England -7 13 £700 +27.27% 2
City of London - - - - 1

Contract for Difference
Top 30 Related IT Skills

For the 6 months to 28 January 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 13 (68.42%) Finance
2 12 (63.16%) Project Management
3 10 (52.63%) Foreign Exchange (FX)
3 10 (52.63%) Back Office
3 10 (52.63%) Equities
3 10 (52.63%) Analytical Skills
4 9 (47.37%) Data Governance
4 9 (47.37%) Markit EDM
4 9 (47.37%) Master Data Management
4 9 (47.37%) Data Management
4 9 (47.37%) Data Cleansing
5 6 (31.58%) Enterprise Data Management
6 5 (26.32%) Linux
7 4 (21.05%) PRINCE2
7 4 (21.05%) Change Management
8 3 (15.79%) Automotive
8 3 (15.79%) UNIX
8 3 (15.79%) Python
8 3 (15.79%) NFS
8 3 (15.79%) Spread Betting
8 3 (15.79%) Performance Monitoring
8 3 (15.79%) LXC
8 3 (15.79%) Docker
8 3 (15.79%) InfiniBand
8 3 (15.79%) Line Management
8 3 (15.79%) Bash Shell
9 2 (10.53%) Red Hat Enterprise Linux
9 2 (10.53%) Oracle Database
9 2 (10.53%) Oracle RAC
9 2 (10.53%) Oracle Database 11g

Contract for Difference
Top Related IT Skills by Category

For the 6 months to 28 January 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.

Business Applications
1 9 (47.37%) Markit EDM
Communications & Networking
1 3 (15.79%) InfiniBand
2 1 (5.26%) DHCP
2 1 (5.26%) TCP/IP
2 1 (5.26%) DNS
2 1 (5.26%) Network Security
Database & Business Intelligence
1 2 (10.53%) Oracle Database
1 2 (10.53%) Oracle Database 11g
2 1 (5.26%) Data Warehouse
General
1 13 (68.42%) Finance
2 10 (52.63%) Back Office
3 3 (15.79%) Automotive
4 1 (5.26%) Banking
4 1 (5.26%) Investment Banking
Job Titles
1 6 (31.58%) Developer
2 5 (26.32%) Analyst
2 5 (26.32%) Business Analyst
3 3 (15.79%) Administrator
4 2 (10.53%) Master Data Analyst
4 2 (10.53%) Oracle DBA
4 2 (10.53%) Project Manager
4 2 (10.53%) Data Analyst
4 2 (10.53%) DBA
5 1 (5.26%) Senior Manager
5 1 (5.26%) Senior Project Manager
5 1 (5.26%) Support Manager
5 1 (5.26%) IT Support Manager
5 1 (5.26%) IT Support
Miscellaneous
1 10 (52.63%) Foreign Exchange (FX)
1 10 (52.63%) Equities
1 10 (52.63%) Analytical Skills
2 3 (15.79%) Spread Betting
3 1 (5.26%) Management Information System
3 1 (5.26%) Derivative
3 1 (5.26%) Equity Derivative
3 1 (5.26%) Swaptions
Operating Systems
1 5 (26.32%) Linux
2 3 (15.79%) UNIX
3 2 (10.53%) Red Hat Enterprise Linux
4 1 (5.26%) Windows
Processes & Methodologies
1 12 (63.16%) Project Management
2 9 (47.37%) Data Governance
2 9 (47.37%) Master Data Management
2 9 (47.37%) Data Management
2 9 (47.37%) Data Cleansing
3 6 (31.58%) Enterprise Data Management
4 4 (21.05%) PRINCE2
4 4 (21.05%) Change Management
5 3 (15.79%) Performance Monitoring
5 3 (15.79%) Line Management
6 2 (10.53%) Programme Management
7 1 (5.26%) Workflow
7 1 (5.26%) Asset Management
7 1 (5.26%) Project Planning
7 1 (5.26%) Data Architecture
Programming Languages
1 3 (15.79%) Python
1 3 (15.79%) Bash Shell
2 2 (10.53%) SQL
Qualifications
1 1 (5.26%) Security Cleared
Quality Assurance & Compliance
1 1 (5.26%) EMIR
1 1 (5.26%) Dodd-Frank
System Software
1 3 (15.79%) NFS
1 3 (15.79%) LXC
1 3 (15.79%) Docker
2 2 (10.53%) Oracle RAC
3 1 (5.26%) Oracle RMAN
3 1 (5.26%) ISA Server
3 1 (5.26%) Active Directory
Vendors
1 2 (10.53%) Red Hat
1 2 (10.53%) Oracle
1 2 (10.53%) NetApp
2 1 (5.26%) Microsoft
2 1 (5.26%) Calypso