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 27 September 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
27 Sep 2016
Same period 2015 Same period 2014
Credit Derivatives
Rank 637 618 533
Rank change year-on-year
-19 -85
Contract jobs citing Credit Derivative 20 43 109
As % of all contract IT jobs located in the UK 0.037% 0.075% 0.19%
As % of the Miscellaneous category 0.11% 0.23% 0.59%
Number of daily rates quoted 17 37 76
Median daily rate £575 £563 £550
Median daily rate % change year-on-year
+2.22% +2.27%
90% offered a daily rate of more than £505 £475 £450
10% offered a daily rate of more than £650 £700 £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
17836 18880 18393
As % of all contract IT jobs located in the UK 33.32% 33.00% 32.14%
Number of daily rates quoted 11554 11812 11144
Median daily rate £425 £425 £405
Median daily rate % change year-on-year
- +4.93%
90% offered a daily rate of more than £250 £250 £235
10% offered a daily rate of more than £600 £610 £600
UK excluding London median daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 641 808 799
Median hourly rate £20.00 £19.00 £18.53
Median hourly rate % change year-on-year
+5.26% +2.53%
90% offered a hourly rate of more than £11.72 £11.96 £12.00
10% offered a hourly rate of more than £43.50 £44.75 £43.00
UK excluding London median hourly rate £21.00 £18.88 £17.63
% change year-on-year
+11.22% +7.12%

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 27 September 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 27 September 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 +6 20 £575 +1.09% 3
London -28 20 £575 +1.09% 3
City of London +4 6 £650 -7.14% 1

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 27 September 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 56 (98.25%) Derivative
2 35 (61.40%) Fixed Income
3 32 (56.14%) Finance
4 31 (54.39%) Front Office
5 27 (47.37%) Foreign Exchange (FX)
6 19 (33.33%) Java
7 18 (31.58%) Risk Management
8 15 (26.32%) Banking
8 15 (26.32%) Murex
9 13 (22.81%) Oracle
10 12 (21.05%) C++
10 12 (21.05%) OO
10 12 (21.05%) Investment Banking
11 11 (19.30%) SQL
11 11 (19.30%) C#
12 10 (17.54%) Migration
13 9 (15.79%) Python
14 8 (14.04%) Calypso
14 8 (14.04%) Spring
14 8 (14.04%) Multithreading
15 7 (12.28%) Continuous Deployment
15 7 (12.28%) HTML5
15 7 (12.28%) Spring Integration
15 7 (12.28%) Event-Driven Architecture
15 7 (12.28%) AngularJS
15 7 (12.28%) Analytical Skills
15 7 (12.28%) Business Analysis
15 7 (12.28%) ION Trading
15 7 (12.28%) TDD
15 7 (12.28%) Linux

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 (7.02%) Oracle Coherence
2 3 (5.26%) WebSphere
3 2 (3.51%) Tomcat
Applications
1 3 (5.26%) Spreadsheet
2 1 (1.75%) MS Excel
Business Applications
1 3 (5.26%) RMDS
2 2 (3.51%) Summit
Communications & Networking
1 1 (1.75%) NAS
1 1 (1.75%) SAN
Database & Business Intelligence
1 5 (8.77%) Hadoop
2 4 (7.02%) SQL Server
3 3 (5.26%) ObjectStore
3 3 (5.26%) PostgreSQL
4 2 (3.51%) Relational Database
5 1 (1.75%) Data Warehouse
5 1 (1.75%) Oracle Database
5 1 (1.75%) SQL Server Analysis Services
Development Applications
1 3 (5.26%) JUnit
2 1 (1.75%) Git (software)
2 1 (1.75%) Subversion
General
1 32 (56.14%) Finance
2 31 (54.39%) Front Office
3 15 (26.32%) Banking
4 12 (21.05%) Investment Banking
5 3 (5.26%) Back Office
6 2 (3.51%) Financial Institution
7 1 (1.75%) French Language
Job Titles
1 30 (52.63%) Developer
2 24 (42.11%) Analyst
3 16 (28.07%) Java Developer
4 15 (26.32%) Business Analyst
5 13 (22.81%) Senior Developer
6 10 (17.54%) Credit Analyst
6 10 (17.54%) Senior Java Developer
7 8 (14.04%) Front Office Business Analyst
8 7 (12.28%) Angular Developer
9 6 (10.53%) C++ Developer
9 6 (10.53%) Python Developer
10 5 (8.77%) Banking Analyst
10 5 (8.77%) C# Developer
10 5 (8.77%) Murex Analyst
10 5 (8.77%) Murex Business Analyst
11 4 (7.02%) Derivatives Business Analyst
11 4 (7.02%) Investment Banking Business Analyst
11 4 (7.02%) Qualitative Analyst
11 4 (7.02%) Quantitative Analyst
11 4 (7.02%) Risk Analyst
Libraries, Frameworks & Software Standards
1 8 (14.04%) Spring
2 7 (12.28%) AngularJS
2 7 (12.28%) HTML
2 7 (12.28%) HTML5
2 7 (12.28%) Spring Integration
3 3 (5.26%) Boost C++ Libraries
3 3 (5.26%) Django
3 3 (5.26%) FIX Protocol
3 3 (5.26%) Rendezvous
3 3 (5.26%) STL
3 3 (5.26%) Twisted
3 3 (5.26%) WebSphere MQ
3 3 (5.26%) ZeroMQ
4 1 (1.75%) .NET
4 1 (1.75%) CORBA
4 1 (1.75%) Hibernate
4 1 (1.75%) Murex MxML
4 1 (1.75%) Oracle GoldenGate
4 1 (1.75%) WinForms
Miscellaneous
1 56 (98.25%) Derivative
2 35 (61.40%) Fixed Income
3 27 (47.37%) Foreign Exchange (FX)
4 7 (12.28%) Analytical Skills
4 7 (12.28%) Grid Computing
5 5 (8.77%) Statistics
6 4 (7.02%) Equities
6 4 (7.02%) Equity Derivative
6 4 (7.02%) Interest Rate Derivative
6 4 (7.02%) Market Risk
6 4 (7.02%) Mathematics
7 2 (3.51%) Algorithms
8 1 (1.75%) Credit Risk
8 1 (1.75%) Data Structures
Operating Systems
1 7 (12.28%) Linux
2 4 (7.02%) Windows
3 3 (5.26%) Unix
4 1 (1.75%) Solaris
Processes & Methodologies
1 18 (31.58%) Risk Management
2 12 (21.05%) OO
3 10 (17.54%) Migration
4 8 (14.04%) Multithreading
5 7 (12.28%) Business Analysis
5 7 (12.28%) Continuous Deployment
5 7 (12.28%) Event-Driven Architecture
5 7 (12.28%) TDD
6 5 (8.77%) Monte Carlo Method
6 5 (8.77%) Quantitative Finance
6 5 (8.77%) Stakeholder Management
6 5 (8.77%) User Acceptance Testing
7 4 (7.02%) Agile Software Development
7 4 (7.02%) Change Management
7 4 (7.02%) Electronic Trading
7 4 (7.02%) Numerical Analysis
7 4 (7.02%) Performance Optimisation
7 4 (7.02%) Translating Business Requirements
8 3 (5.26%) Greeks
8 3 (5.26%) Stakeholder Engagement
Programming Languages
1 19 (33.33%) Java
2 12 (21.05%) C++
3 11 (19.30%) C#
3 11 (19.30%) SQL
4 9 (15.79%) Python
5 4 (7.02%) Perl
6 2 (3.51%) PL/SQL
7 1 (1.75%) IronPython
7 1 (1.75%) Scala
7 1 (1.75%) Tcl
7 1 (1.75%) T-SQL
7 1 (1.75%) VBA
Qualifications
1 4 (7.02%) PhD
2 1 (1.75%) Degree
Quality Assurance & Compliance
1 5 (8.77%) QA
2 3 (5.26%) MiFID
3 1 (1.75%) SLA
System Software
1 1 (1.75%) Tivoli Workload Scheduler
1 1 (1.75%) Veritas Cluster Server
Systems Management
1 2 (3.51%) Tivoli
2 1 (1.75%) BMC PATROL
2 1 (1.75%) ITRS Geneos
2 1 (1.75%) Nagios
Vendors
1 15 (26.32%) Murex
2 13 (22.81%) Oracle
3 8 (14.04%) Calypso
4 7 (12.28%) Bloomberg
4 7 (12.28%) ION Trading
5 3 (5.26%) Reuters
5 3 (5.26%) TIBCO
6 1 (1.75%) DevExpress
6 1 (1.75%) Sophis
6 1 (1.75%) Sun
6 1 (1.75%) Syncfusion
6 1 (1.75%) Veritas
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