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 contractor rates offered in IT contracts that have cited Contract for Difference over the 3 months to 23 February 2017 with a comparison to the same period over 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.

3 months to
23 Feb 2017
Same period 2016 Same period 2015
Contract for Difference (CFD)
UK
Rank 591 622 602
Rank change year-on-year
+31 -20
Contract jobs citing Contract for Difference 4 6 14
As % of all contract IT jobs located in the UK 0.009% 0.012% 0.027%
As % of the Miscellaneous category 0.028% 0.037% 0.089%
Number of daily rates quoted 0 6 9
Median daily rate - £600 £700
Median daily rate % change year-on-year
- -14.28%
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
14081 16114 15778
As % of all contract IT jobs located in the UK 31.03% 30.96% 30.05%
Number of daily rates quoted 9062 10430 9745
Median daily rate £447 £425 £425
Median daily rate % change year-on-year
+5.05% -
90% offered a daily rate of more than £263 £250 £250
10% offered a daily rate of more than £625 £610 £600
UK excluding London median daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 556 580 645
Median hourly rate £20.00 £22.00 £18.38
Median hourly rate % change year-on-year
-9.09% +19.72%
90% offered a hourly rate of more than £11.33 £12.50 £11.74
10% offered a hourly rate of more than £48.70 £53.40 £42.50
UK excluding London median hourly rate £17.50 £22.54 £18.00
% change year-on-year
-22.36% +25.22%

Contract for Difference
Jobs Demand Trend

The demand trend of contract jobs citing Contract for Difference as a proportion of all IT contracts with a match in 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 5 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Contract for Difference within the UK over the 3 months to 23 February 2017. 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 Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +35 4 - - 3
London +9 2 - - 3
Oxford - 2 - -
Oxfordshire - 2 - -
South East - 2 - -

Contract for Difference
Top 30 Related IT Skills

For the 6 months to 23 February 2017, IT contractor jobs citing Contract for Difference also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Contract for Difference.

1 4 (66.67%) Finance
2 2 (33.33%) Management Information System
2 2 (33.33%) Workflow
2 2 (33.33%) XML
2 2 (33.33%) PRINCE2
2 2 (33.33%) Project Management
2 2 (33.33%) Python
2 2 (33.33%) Sun
2 2 (33.33%) PMP
2 2 (33.33%) PMI Certification
2 2 (33.33%) PostgreSQL
2 2 (33.33%) Fixed Income
2 2 (33.33%) Automated Testing
2 2 (33.33%) Derivative
2 2 (33.33%) DTCC
2 2 (33.33%) Degree
2 2 (33.33%) FIX Protocol
2 2 (33.33%) Product Management
2 2 (33.33%) Docker
2 2 (33.33%) DevOps
2 2 (33.33%) Analytical Skills
2 2 (33.33%) Workflow Analysis
2 2 (33.33%) Django
3 1 (16.67%) Continuous Integration
3 1 (16.67%) Prime Brokerage
3 1 (16.67%) RESTful
3 1 (16.67%) HTML5
3 1 (16.67%) Waterfall
3 1 (16.67%) Performance Tuning
3 1 (16.67%) WCF

Contract for Difference
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Database & Business Intelligence
1 2 (33.33%) PostgreSQL
2 1 (16.67%) SQL Server
General
1 4 (66.67%) Finance
2 1 (16.67%) Prime Brokerage
Job Titles
1 3 (50.00%) Developer
2 2 (33.33%) Coordinator
2 2 (33.33%) Project Coordinator
2 2 (33.33%) Python Developer
3 1 (16.67%) Architect
3 1 (16.67%) C# Developer
3 1 (16.67%) C# Developer - Prime Brokerage
3 1 (16.67%) Solutions Architect
Libraries, Frameworks & Software Standards
1 2 (33.33%) Django
1 2 (33.33%) FIX Protocol
1 2 (33.33%) XML
2 1 (16.67%) .NET
2 1 (16.67%) HTML
2 1 (16.67%) HTML5
2 1 (16.67%) RESTful
2 1 (16.67%) WCF
2 1 (16.67%) WinForms
Miscellaneous
1 2 (33.33%) Analytical Skills
1 2 (33.33%) Derivative
1 2 (33.33%) DTCC
1 2 (33.33%) Fixed Income
1 2 (33.33%) Management Information System
2 1 (16.67%) Foreign Exchange (FX)
Processes & Methodologies
1 2 (33.33%) Automated Testing
1 2 (33.33%) DevOps
1 2 (33.33%) PRINCE2
1 2 (33.33%) Product Management
1 2 (33.33%) Project Management
1 2 (33.33%) Workflow
1 2 (33.33%) Workflow Analysis
2 1 (16.67%) Agile Software Development
2 1 (16.67%) Continuous Integration
2 1 (16.67%) Migration
2 1 (16.67%) OO
2 1 (16.67%) Performance Tuning
2 1 (16.67%) TOGAF
2 1 (16.67%) Waterfall
Programming Languages
1 2 (33.33%) Python
2 1 (16.67%) C#
Qualifications
1 2 (33.33%) Degree
1 2 (33.33%) PMI Certification
1 2 (33.33%) PMP
System Software
1 2 (33.33%) Docker
Vendors
1 2 (33.33%) Sun
2 1 (16.67%) Bloomberg
2 1 (16.67%) Reuters