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 11 February 2016 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
11 Feb 2016
Same period 2015 Same period 2014
Contract for Difference (CFD)
Rank 621 601 581
Rank change year-on-year
-20 -20
Contract jobs citing Contract for Difference 5 11 7
As % of all contract IT jobs located in the UK 0.010% 0.021% 0.014%
As % of the Miscellaneous category 0.030% 0.068% 0.044%
Number of daily rates quoted 5 6 6
Average daily rate £600 £700 £419
Average daily rate % change year-on-year
-14.28% +67.16%
UK excluding London average daily rate - - -
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
16596 16129 15942
As % of all contract IT jobs located in the UK 32.26% 31.14% 32.06%
Number of daily rates quoted 10700 10027 9635
Average daily rate £425 £415 £405
Average daily rate % change year-on-year
+2.40% +2.46%
90% offered a daily rate of more than £250 £240 £230
10% offered a daily rate of more than £623 £600 £600
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 663 688 665
Average hourly rate £21.50 £18.00 £19.00
Average hourly rate % change year-on-year
+19.44% -5.26%
90% offered a hourly rate of more than £12.50 £11.50 £11.51
10% offered a hourly rate of more than £52.63 £40.00 £42.50
UK excluding London average hourly rate £23.75 £17.50 £17.50
% change year-on-year
+35.71% -

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
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 11 February 2016. 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 +1 5 £600 -14.28% 4
England -9 5 £600 -14.28% 4
City of London - 1 £550 - 1

Contract for Difference
Top 30 Related IT Skills

For the 6 months to 11 February 2016, 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 (92.86%) Derivative
2 10 (71.43%) Finance
3 9 (64.29%) Banking
3 9 (64.29%) Investment Banking
4 8 (57.14%) Equities
5 7 (50.00%) Fixed Income
6 6 (42.86%) Analytical Skills
7 5 (35.71%) Foreign Exchange (FX)
7 5 (35.71%) Equity Derivative
7 5 (35.71%) Swaptions
8 4 (28.57%) Algo Collateral
8 4 (28.57%) Calypso
8 4 (28.57%) Risk Management
8 4 (28.57%) Workflow
8 4 (28.57%) Stakeholder Management
8 4 (28.57%) Collateral Management
9 3 (21.43%) Data Warehouse
9 3 (21.43%) Business Intelligence
10 2 (14.29%) .NET
10 2 (14.29%) C#
10 2 (14.29%) Data Analysis
10 2 (14.29%) Microsoft
10 2 (14.29%) Back Office
10 2 (14.29%) Business Analysis
10 2 (14.29%) Technical Analysis
10 2 (14.29%) CRD IV
10 2 (14.29%) COREP
10 2 (14.29%) Basel III
10 2 (14.29%) User Acceptance Testing
10 2 (14.29%) IT Governance

Contract for Difference
Top Related IT Skills by Category

For the 6 months to 11 February 2016, 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 4 (28.57%) Algo Collateral
2 1 (7.14%) Summit
Database & Business Intelligence
1 3 (21.43%) Data Warehouse
2 1 (7.14%) BusinessObjects
2 1 (7.14%) OLAP
2 1 (7.14%) Relational Database
2 1 (7.14%) SQL Server
2 1 (7.14%) SQL Server 2008
2 1 (7.14%) SQL Server 2012
2 1 (7.14%) SQL Server Analysis Services
2 1 (7.14%) SQL Server Integration Services
2 1 (7.14%) SQL Server Reporting Services
General
1 10 (71.43%) Finance
2 9 (64.29%) Banking
2 9 (64.29%) Investment Banking
3 2 (14.29%) Back Office
3 2 (14.29%) General Ledger
4 1 (7.14%) Financial Institution
4 1 (7.14%) Legal
Job Titles
1 12 (85.71%) Analyst
2 11 (78.57%) Business Analyst
3 4 (28.57%) Calypso Business Analyst
3 4 (28.57%) Collateral Management Business Analyst
4 2 (14.29%) Developer
4 2 (14.29%) Liquidity Business Analyst
4 2 (14.29%) Report Analyst
5 1 (7.14%) .NET Developer
5 1 (7.14%) .NET Software Developer
5 1 (7.14%) Business Intelligence Developer
5 1 (7.14%) Business IT Analyst
5 1 (7.14%) C# .NET Developer
5 1 (7.14%) C# Developer
5 1 (7.14%) C# Software Developer
5 1 (7.14%) C# WPF Developer
5 1 (7.14%) Derivatives Business Analyst
5 1 (7.14%) IT Analyst
5 1 (7.14%) IT Business Analyst
5 1 (7.14%) Software Developer
5 1 (7.14%) WPF Developer
Libraries, Frameworks & Software Standards
1 2 (14.29%) .NET
2 1 (7.14%) MDX
2 1 (7.14%) WPF
Miscellaneous
1 13 (92.86%) Derivative
2 8 (57.14%) Equities
3 7 (50.00%) Fixed Income
4 6 (42.86%) Analytical Skills
5 5 (35.71%) Equity Derivative
5 5 (35.71%) Foreign Exchange (FX)
5 5 (35.71%) Swaptions
6 1 (7.14%) User Experience
6 1 (7.14%) Visualisation
Processes & Methodologies
1 4 (28.57%) Collateral Management
1 4 (28.57%) Risk Management
1 4 (28.57%) Stakeholder Management
1 4 (28.57%) Workflow
2 3 (21.43%) Business Intelligence
3 2 (14.29%) Business Analysis
3 2 (14.29%) Data Analysis
3 2 (14.29%) IT Governance
3 2 (14.29%) Technical Analysis
3 2 (14.29%) User Acceptance Testing
4 1 (7.14%) Agile Software Development
4 1 (7.14%) Algorithmic Trading
4 1 (7.14%) Analytics
4 1 (7.14%) Cost-Benefit Analysis
4 1 (7.14%) Kimball Methodology
4 1 (7.14%) Market Making
4 1 (7.14%) SDLC
4 1 (7.14%) Unit Testing
4 1 (7.14%) Use Case
4 1 (7.14%) Wealth Management
Programming Languages
1 2 (14.29%) C#
2 1 (7.14%) Java
2 1 (7.14%) SQL
2 1 (7.14%) T-SQL
2 1 (7.14%) VB.NET
Quality Assurance & Compliance
1 2 (14.29%) Basel III
1 2 (14.29%) COREP
1 2 (14.29%) CRD IV
2 1 (7.14%) SLA
Vendors
1 4 (28.57%) Calypso
2 2 (14.29%) Microsoft
3 1 (7.14%) Bloomberg
3 1 (7.14%) Tableau