The table below looks at the prevalence of the term Credit Derivative in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Credit Derivative over the 3 months to 24 August 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
24 Aug 2016
Same period 2015 Same period 2014
Credit Derivatives
Rank 636 606 528
Rank change year-on-year
-30 -78
Contract jobs citing Credit Derivative 25 56 96
As % of all contract IT jobs located in the UK 0.046% 0.096% 0.17%
As % of the Miscellaneous category 0.14% 0.30% 0.53%
Number of daily rates quoted 21 47 65
Median daily rate £600 £575 £600
Median daily rate % change year-on-year
+4.34% -4.16%
90% offered a daily rate of more than £525 £475 £450
10% offered a daily rate of more than £650 £655 £625
UK excluding London median daily rate - £525 -
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
18204 18958 18253
As % of all contract IT jobs located in the UK 33.39% 32.43% 32.91%
Number of daily rates quoted 11764 11939 10929
Median daily rate £425 £425 £400
Median daily rate % change year-on-year
- +6.25%
90% offered a daily rate of more than £250 £250 £240
10% offered a daily rate of more than £600 £615 £600
UK excluding London median daily rate £380 £375 £350
% change year-on-year
+1.33% +7.14%
Number of hourly rates quoted 677 766 762
Median hourly rate £21.00 £20.00 £18.75
Median hourly rate % change year-on-year
+5.00% +6.66%
90% offered a hourly rate of more than £11.72 £12.00 £12.42
10% offered a hourly rate of more than £44.47 £46.50 £43.39
UK excluding London median hourly rate £22.50 £19.08 £19.00
% change year-on-year
+17.92% +0.42%

Credit Derivative
Jobs Demand Trend

The demand trend of contract jobs citing Credit Derivative as a proportion of all IT contracts with a match in the Miscellaneous category.

Credit Derivative Jobs Demand Trend in the UK

Credit Derivative
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Credit Derivative within the UK.

Credit Derivative Daily Rate Trend in the UK

Credit Derivative
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Credit Derivative within the UK over the 3 months to 24 August 2016.

Credit Derivative Daily Rate Histogram in the UK

Credit Derivative
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Credit Derivative within the UK.

Credit Derivative Hourly Rate Trend in the UK

Credit Derivative
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Credit Derivative within the UK over the 3 months to 24 August 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
London -24 25 £600 +4.34% 2
England -27 25 £600 +4.34% 2
City of London +20 6 £610 +6.08% 1

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 24 August 2016, IT contractor jobs citing Credit Derivative 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 Credit Derivative.

1 84 (100.00%) Derivative
2 52 (61.90%) Finance
3 43 (51.19%) Front Office
3 43 (51.19%) Fixed Income
4 40 (47.62%) Risk Management
5 33 (39.29%) Foreign Exchange (FX)
6 25 (29.76%) Java
7 24 (28.57%) Murex
8 22 (26.19%) Banking
9 21 (25.00%) C#
10 18 (21.43%) Calypso
10 18 (21.43%) Credit Risk
11 17 (20.24%) C++
11 17 (20.24%) SQL
11 17 (20.24%) Migration
12 16 (19.05%) Spring
12 16 (19.05%) Investment Banking
12 16 (19.05%) OO
12 16 (19.05%) Multithreading
13 15 (17.86%) Spring Integration
13 15 (17.86%) ION Trading
14 14 (16.67%) HTML
14 14 (16.67%) Bloomberg
14 14 (16.67%) AngularJS
15 12 (14.29%) Market Risk
15 12 (14.29%) Oracle
16 10 (11.90%) TDD
16 10 (11.90%) SQL Server
16 10 (11.90%) Python
16 10 (11.90%) User Acceptance Testing

Credit Derivative
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:

Application Platforms
1 4 (4.76%) Oracle Coherence
2 3 (3.57%) Tomcat
2 3 (3.57%) WebSphere
Applications
1 3 (3.57%) Spreadsheet
2 1 (1.19%) MS Excel
Business Applications
1 5 (5.95%) ION MarketView
2 4 (4.76%) Front Arena
3 1 (1.19%) RMDS
Communications & Networking
1 1 (1.19%) NAS
1 1 (1.19%) SAN
Database & Business Intelligence
1 10 (11.90%) SQL Server
2 7 (8.33%) SQL Server Analysis Services
3 5 (5.95%) Hadoop
4 4 (4.76%) Relational Database
5 3 (3.57%) ObjectStore
5 3 (3.57%) PostgreSQL
6 2 (2.38%) Data Warehouse
7 1 (1.19%) Oracle Database
7 1 (1.19%) RDBMS
7 1 (1.19%) Star Schema
Development Applications
1 1 (1.19%) Git (software)
1 1 (1.19%) JUnit
1 1 (1.19%) PowerDesigner
1 1 (1.19%) Subversion
General
1 52 (61.90%) Finance
2 43 (51.19%) Front Office
3 22 (26.19%) Banking
4 16 (19.05%) Investment Banking
5 3 (3.57%) Back Office
6 2 (2.38%) Financial Institution
7 1 (1.19%) French Language
Job Titles
1 43 (51.19%) Developer
2 32 (38.10%) Analyst
3 24 (28.57%) Business Analyst
4 20 (23.81%) Java Developer
5 18 (21.43%) Credit Analyst
6 14 (16.67%) Senior Developer
7 12 (14.29%) Murex Analyst
7 12 (14.29%) Murex Business Analyst
8 10 (11.90%) C# Developer
8 10 (11.90%) Senior Java Developer
9 9 (10.71%) Angular Developer
9 9 (10.71%) Front Office Business Analyst
10 8 (9.52%) C++ Developer
10 8 (9.52%) Risk Analyst
11 6 (7.14%) Banking Analyst
11 6 (7.14%) Investment Banking Business Analyst
11 6 (7.14%) Python Developer
11 6 (7.14%) Risk Business Analyst
12 5 (5.95%) Credit Risk Manager
12 5 (5.95%) Front Office Developer
Libraries, Frameworks & Software Standards
1 16 (19.05%) Spring
2 15 (17.86%) Spring Integration
3 14 (16.67%) AngularJS
3 14 (16.67%) HTML
4 10 (11.90%) HTML5
5 4 (4.76%) .NET
5 4 (4.76%) CSS
5 4 (4.76%) Dropwizard
5 4 (4.76%) React
5 4 (4.76%) Twitter Bootstrap
5 4 (4.76%) Web Services
5 4 (4.76%) XML
6 3 (3.57%) Boost C++ Libraries
6 3 (3.57%) Django
6 3 (3.57%) STL
6 3 (3.57%) Twisted
6 3 (3.57%) WebSphere MQ
6 3 (3.57%) ZeroMQ
7 1 (1.19%) FIX Protocol
7 1 (1.19%) Murex MxML
Miscellaneous
1 84 (100.00%) Derivative
2 43 (51.19%) Fixed Income
3 33 (39.29%) Foreign Exchange (FX)
4 18 (21.43%) Credit Risk
5 12 (14.29%) Market Risk
6 7 (8.33%) Grid Computing
6 7 (8.33%) Mathematics
7 6 (7.14%) Analytical Skills
8 5 (5.95%) Statistics
9 4 (4.76%) Equities
9 4 (4.76%) Equity Derivative
9 4 (4.76%) Interest Rate Derivative
10 3 (3.57%) Algorithms
11 2 (2.38%) Data Structures
Operating Systems
1 5 (5.95%) Linux
2 4 (4.76%) Windows
3 2 (2.38%) Unix
4 1 (1.19%) Solaris
Processes & Methodologies
1 40 (47.62%) Risk Management
2 17 (20.24%) Migration
3 16 (19.05%) Multithreading
3 16 (19.05%) OO
4 10 (11.90%) Continuous Deployment
4 10 (11.90%) Event-Driven Architecture
4 10 (11.90%) TDD
4 10 (11.90%) User Acceptance Testing
5 9 (10.71%) Stakeholder Management
6 8 (9.52%) Agile Software Development
6 8 (9.52%) Data Analysis
6 8 (9.52%) Monte Carlo Method
6 8 (9.52%) Quantitative Finance
7 7 (8.33%) SDLC
7 7 (8.33%) Translating Business Requirements
8 6 (7.14%) Business Analysis
9 5 (5.95%) Requirements Analysis
10 4 (4.76%) Numerical Analysis
10 4 (4.76%) Performance Optimisation
10 4 (4.76%) Web Development
Programming Languages
1 25 (29.76%) Java
2 21 (25.00%) C#
3 17 (20.24%) C++
3 17 (20.24%) SQL
4 10 (11.90%) Python
5 4 (4.76%) Perl
6 2 (2.38%) IronPython
6 2 (2.38%) PL/SQL
6 2 (2.38%) Tcl
6 2 (2.38%) T-SQL
6 2 (2.38%) VBA
Qualifications
1 7 (8.33%) PhD
2 1 (1.19%) Degree
Quality Assurance & Compliance
1 8 (9.52%) QA
2 2 (2.38%) MiFID
3 1 (1.19%) SLA
System Software
1 1 (1.19%) Veritas Cluster Server
Systems Management
1 1 (1.19%) BMC PATROL
1 1 (1.19%) ITRS Geneos
1 1 (1.19%) Nagios
1 1 (1.19%) Tivoli
Vendors
1 24 (28.57%) Murex
2 18 (21.43%) Calypso
3 15 (17.86%) ION Trading
4 14 (16.67%) Bloomberg
5 12 (14.29%) Oracle
6 4 (4.76%) Sencha
7 1 (1.19%) DevExpress
7 1 (1.19%) Reuters
7 1 (1.19%) Sophis
7 1 (1.19%) Sun
7 1 (1.19%) Syncfusion
7 1 (1.19%) TIBCO
7 1 (1.19%) Veritas