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 31 July 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
31 Jul 2015
Same period 2014 Same period 2013
Contract for Difference (CFD)
Rank 598 610 575
Rank change year-on-year
+12 -35
Contract jobs citing Contract for Difference 22 1 4
As % of all contract IT jobs located in the UK 0.039% 0.002% 0.008%
As % of the Miscellaneous category 0.12% 0.006% 0.024%
Number of daily rates quoted 21 0 4
Average daily rate
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£635 - £500
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
17983 17463 16822
As % of all contract IT jobs located in the UK 31.62% 31.95% 32.92%
Number of daily rates quoted 11310 10578 9959
Average daily rate £418 £400 £420
Average daily rate % change year-on-year
+4.37% -4.76%
90% offered a daily rate of more than £250 £238 £240
10% offered a daily rate of more than £608 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 686 674 729
Average hourly rate £19.72 £20.50 £21.88
Average hourly rate % change year-on-year
-3.82% -6.28%
90% offered a hourly rate of more than £12.25 £12.50 £12.50
10% offered a hourly rate of more than £47.83 £45.00 £42.50
UK excluding London average hourly rate £19.08 £21.00 £20.00
% change year-on-year
-9.14% +5.00%

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 31 July 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 31 July 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
England -4 22 £635 - 10
London - 22 £635 - 10
City of London - 9 £635 - 6

Contract for Difference
Top 30 Related IT Skills

For the 6 months to 31 July 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 31 (81.58%) Finance
2 26 (68.42%) Equities
3 21 (55.26%) Banking
3 21 (55.26%) Investment Banking
4 19 (50.00%) Derivative
4 19 (50.00%) Analytical Skills
5 15 (39.47%) Foreign Exchange (FX)
6 14 (36.84%) Fixed Income
7 12 (31.58%) Back Office
7 12 (31.58%) Business Analysis
7 12 (31.58%) Project Management
7 12 (31.58%) Microsoft
8 10 (26.32%) Stakeholder Management
9 9 (23.68%) Business Intelligence
9 9 (23.68%) Data Warehouse
10 8 (21.05%) MS Excel
11 7 (18.42%) Risk Management
11 7 (18.42%) User Acceptance Testing
12 6 (15.79%) Enterprise Data Management
12 6 (15.79%) Data Cleansing
12 6 (15.79%) Data Governance
12 6 (15.79%) Markit EDM
12 6 (15.79%) COREP
12 6 (15.79%) Master Data Management
12 6 (15.79%) Technical Analysis
12 6 (15.79%) BusinessObjects
12 6 (15.79%) Data Management
12 6 (15.79%) Cost-Benefit Analysis
12 6 (15.79%) General Ledger
12 6 (15.79%) Data Analysis

Contract for Difference
Top Related IT Skills by Category

For the 6 months to 31 July 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 3 (7.89%) CMS
2 2 (5.26%) SharePoint
Applications
1 8 (21.05%) MS Excel
2 2 (5.26%) MS PowerPoint
2 2 (5.26%) MS Office
3 1 (2.63%) Photoshop
Business Applications
1 6 (15.79%) Markit EDM
Communications & Networking
1 1 (2.63%) DHCP
1 1 (2.63%) TCP/IP
1 1 (2.63%) DNS
1 1 (2.63%) Network Security
Database & Business Intelligence
1 9 (23.68%) Data Warehouse
2 6 (15.79%) BusinessObjects
3 3 (7.89%) SQL Server Reporting Services
3 3 (7.89%) SQL Server Integration Services
3 3 (7.89%) SQL Server Analysis Services
3 3 (7.89%) SQL Server 2008
3 3 (7.89%) Relational Database
3 3 (7.89%) SQL Server
3 3 (7.89%) OLAP
General
1 31 (81.58%) Finance
2 21 (55.26%) Banking
2 21 (55.26%) Investment Banking
3 12 (31.58%) Back Office
4 6 (15.79%) General Ledger
5 3 (7.89%) Financial Institution
Job Titles
1 27 (71.05%) Business Analyst
1 27 (71.05%) Analyst
2 10 (26.32%) Developer
3 9 (23.68%) Lead Business Analyst
4 3 (7.89%) Business Intelligence Developer
5 2 (5.26%) Senior Developer
5 2 (5.26%) Senior Business Intelligence Developer
6 1 (2.63%) Architect
6 1 (2.63%) Equity Derivatives Business Analyst
6 1 (2.63%) Front-End Developer
6 1 (2.63%) IT Support
6 1 (2.63%) Designer
6 1 (2.63%) Senior Architect
6 1 (2.63%) Business Intelligence Architect
6 1 (2.63%) Senior Business Analyst
6 1 (2.63%) Senior Analyst
6 1 (2.63%) Web Designer
6 1 (2.63%) SQL Developer
6 1 (2.63%) Support Manager
6 1 (2.63%) IT Support Manager
Libraries, Frameworks & Software Standards
1 3 (7.89%) .NET
1 3 (7.89%) MDX
2 1 (2.63%) jQuery
2 1 (2.63%) Twitter Bootstrap
2 1 (2.63%) CSS
2 1 (2.63%) XHTML
2 1 (2.63%) HTML
Miscellaneous
1 26 (68.42%) Equities
2 19 (50.00%) Derivative
2 19 (50.00%) Analytical Skills
3 15 (39.47%) Foreign Exchange (FX)
4 14 (36.84%) Fixed Income
5 6 (15.79%) Equity Derivative
6 4 (10.53%) Management Information System
6 4 (10.53%) Swaptions
7 2 (5.26%) Spread Betting
7 2 (5.26%) User Experience
8 1 (2.63%) Data Centre
8 1 (2.63%) Credit Risk
Operating Systems
1 1 (2.63%) Windows
Processes & Methodologies
1 12 (31.58%) Project Management
1 12 (31.58%) Business Analysis
2 10 (26.32%) Stakeholder Management
3 9 (23.68%) Business Intelligence
4 7 (18.42%) Risk Management
4 7 (18.42%) User Acceptance Testing
5 6 (15.79%) Data Cleansing
5 6 (15.79%) IT Governance
5 6 (15.79%) Data Governance
5 6 (15.79%) Data Management
5 6 (15.79%) Data Analysis
5 6 (15.79%) Cost-Benefit Analysis
5 6 (15.79%) Master Data Management
5 6 (15.79%) Technical Analysis
5 6 (15.79%) Enterprise Data Management
6 4 (10.53%) Mentoring
6 4 (10.53%) Workflow
7 3 (7.89%) Kimball Methodology
7 3 (7.89%) SDLC
8 2 (5.26%) Stakeholder Engagement
Programming Languages
1 4 (10.53%) SQL
2 3 (7.89%) C#
2 3 (7.89%) VB.NET
3 2 (5.26%) T-SQL
4 1 (2.63%) JavaScript
Qualifications
1 5 (13.16%) Degree
Quality Assurance & Compliance
1 6 (15.79%) COREP
2 5 (13.16%) CRD IV
3 4 (10.53%) Dodd-Frank
3 4 (10.53%) EMIR
4 2 (5.26%) Basel III
System Software
1 1 (2.63%) Active Directory
1 1 (2.63%) ISA Server
Vendors
1 12 (31.58%) Microsoft
2 4 (10.53%) Calypso
3 3 (7.89%) Tableau
4 2 (5.26%) SAP