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 30 May 2016 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
30 May 2016
Same period 2015 Same period 2014
Contract for Difference (CFD)
Rank 640 612 616
Rank change year-on-year
-28 +4
Contract jobs citing Contract for Difference 4 11 2
As % of all contract IT jobs located in the UK 0.007% 0.020% 0.004%
As % of the Miscellaneous category 0.023% 0.063% 0.012%
Number of daily rates quoted 4 8 2
Median daily rate £473 £550 £363
Median daily rate % change year-on-year
-14.09% +51.72%
90% offered a daily rate of more than £402 £550 £293
10% offered a daily rate of more than £564 £700 £433
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
17739 17541 17282
As % of all contract IT jobs located in the UK 33.06% 31.84% 31.85%
Number of daily rates quoted 11517 10775 10657
Median daily rate £425 £413 £410
Median daily rate % change year-on-year
+3.03% +0.60%
90% offered a daily rate of more than £260 £250 £225
10% offered a daily rate of more than £613 £600 £600
UK excluding London median daily rate £390 £375 £350
% change year-on-year
+4.00% +7.14%
Number of hourly rates quoted 592 717 748
Median hourly rate £22.00 £18.00 £20.00
Median hourly rate % change year-on-year
+22.22% -10.00%
90% offered a hourly rate of more than £12.50 £12.00 £11.92
10% offered a hourly rate of more than £47.33 £45.00 £42.50
UK excluding London median hourly rate £22.00 £18.47 £20.00
% change year-on-year
+19.11% -7.65%

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
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 30 May 2016.

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 2 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 30 May 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
(Click see detailed
statistics and trends)
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 0 4 £473 -14.09% 1
London -4 4 £473 -14.09% 1

Contract for Difference
Top 30 Related IT Skills

For the 6 months to 30 May 2016, 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 6 (60.00%) Finance
1 6 (60.00%) Derivative
2 4 (40.00%) Equity Derivative
3 3 (30.00%) Equities
3 3 (30.00%) Workflow
3 3 (30.00%) Calypso
3 3 (30.00%) Swaptions
3 3 (30.00%) Algo Collateral
3 3 (30.00%) Business Analysis
3 3 (30.00%) Collateral Management
4 2 (20.00%) Wireframes
4 2 (20.00%) User Stories
4 2 (20.00%) Use Case
4 2 (20.00%) Foreign Exchange (FX)
4 2 (20.00%) SQL
4 2 (20.00%) Agile Software Development
4 2 (20.00%) Banking
4 2 (20.00%) Requirements Management
5 1 (10.00%) MiFID
5 1 (10.00%) IT Governance
5 1 (10.00%) Data Analysis
5 1 (10.00%) Investment Banking
5 1 (10.00%) General Ledger
5 1 (10.00%) Fixed Income
5 1 (10.00%) Unix
5 1 (10.00%) CRM
5 1 (10.00%) Data Warehouse
5 1 (10.00%) Business Intelligence
5 1 (10.00%) Microsoft
5 1 (10.00%) Shell Script

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:

Business Applications
1 3 (30.00%) Algo Collateral
2 1 (10.00%) OpenText MBPM
Database & Business Intelligence
1 1 (10.00%) BusinessObjects
1 1 (10.00%) Data Warehouse
General
1 6 (60.00%) Finance
2 2 (20.00%) Banking
3 1 (10.00%) Back Office
3 1 (10.00%) General Ledger
3 1 (10.00%) Investment Banking
Job Titles
1 9 (90.00%) Analyst
2 8 (80.00%) Business Analyst
3 3 (30.00%) Calypso Business Analyst
3 3 (30.00%) Collateral Management Business Analyst
4 1 (10.00%) Derivatives Business Analyst
4 1 (10.00%) Developer
4 1 (10.00%) Equity Derivatives Business Analyst
4 1 (10.00%) Finance Business Analyst
4 1 (10.00%) Financial Analyst
4 1 (10.00%) Financial Business Analyst
4 1 (10.00%) Financial Services Business Analyst
4 1 (10.00%) Liquidity Business Analyst
4 1 (10.00%) MiFID Business Analyst
4 1 (10.00%) Report Analyst
4 1 (10.00%) Service Analyst
4 1 (10.00%) Test Analyst
Miscellaneous
1 6 (60.00%) Derivative
2 4 (40.00%) Equity Derivative
3 3 (30.00%) Equities
3 3 (30.00%) Swaptions
4 2 (20.00%) Foreign Exchange (FX)
5 1 (10.00%) Analytical Skills
5 1 (10.00%) Fixed Income
5 1 (10.00%) OTC Derivatives
5 1 (10.00%) Reference Data
5 1 (10.00%) SWIFT
Operating Systems
1 1 (10.00%) Unix
Processes & Methodologies
1 3 (30.00%) Business Analysis
1 3 (30.00%) Collateral Management
1 3 (30.00%) Workflow
2 2 (20.00%) Agile Software Development
2 2 (20.00%) Requirements Management
2 2 (20.00%) Use Case
2 2 (20.00%) User Stories
2 2 (20.00%) Wireframes
3 1 (10.00%) BPMN
3 1 (10.00%) Change Control
3 1 (10.00%) Continuous Improvement
3 1 (10.00%) Cost-Benefit Analysis
3 1 (10.00%) CRM
3 1 (10.00%) Data Analysis
3 1 (10.00%) Dependency Management
3 1 (10.00%) IT Governance
3 1 (10.00%) SDLC
3 1 (10.00%) Technical Analysis
3 1 (10.00%) Test Scripting
3 1 (10.00%) User Acceptance Testing
Programming Languages
1 2 (20.00%) SQL
2 1 (10.00%) Shell Script
Quality Assurance & Compliance
1 1 (10.00%) Basel III
1 1 (10.00%) COREP
1 1 (10.00%) CRD IV
1 1 (10.00%) MiFID
Vendors
1 3 (30.00%) Calypso
2 1 (10.00%) Microsoft