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 18 January 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
18 Jan 2017
Same period 2016 Same period 2015
Credit Derivatives
UK
Rank 571 577 534
Rank change year-on-year
+6 -43
Contract jobs citing Credit Derivative 29 41 67
As % of all contract IT jobs located in the UK 0.065% 0.081% 0.13%
As % of the Miscellaneous category 0.20% 0.24% 0.43%
Number of daily rates quoted 21 27 56
Median daily rate £613 £600 £600
Median daily rate % change year-on-year
+2.08% -
90% offered a daily rate of more than £550 £525 £475
10% offered a daily rate of more than £650 £1,100 £630
UK excluding London median daily rate - - £505
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
14619 16773 15757
As % of all contract IT jobs located in the UK 32.60% 32.98% 31.57%
Number of daily rates quoted 9338 10626 9901
Median daily rate £445 £425 £415
Median daily rate % change year-on-year
+4.70% +2.40%
90% offered a daily rate of more than £250 £240 £238
10% offered a daily rate of more than £625 £620 £600
UK excluding London median daily rate £398 £375 £365
% change year-on-year
+6.00% +2.73%
Number of hourly rates quoted 548 704 641
Median hourly rate £21.00 £21.50 £17.50
Median hourly rate % change year-on-year
-2.32% +22.85%
90% offered a hourly rate of more than £11.33 £12.50 £11.50
10% offered a hourly rate of more than £47.50 £50.00 £40.00
UK excluding London median hourly rate £19.00 £21.50 £17.50
% change year-on-year
-11.62% +22.85%

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 18 January 2017.

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 4 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 18 January 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 +12 29 £613 +2.08% 6
London -4 29 £613 +2.08% 6
City of London -13 7 £600 +14.28% 2
Canary Wharf - 1 £600 -

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 18 January 2017, 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 54 (91.53%) Derivative
2 35 (59.32%) Fixed Income
3 34 (57.63%) Finance
4 29 (49.15%) Front Office
5 17 (28.81%) Foreign Exchange (FX)
5 17 (28.81%) C#
5 17 (28.81%) Java
5 17 (28.81%) SQL
5 17 (28.81%) Banking
6 12 (20.34%) Oracle
7 11 (18.64%) Unix
7 11 (18.64%) OO
8 10 (16.95%) Multithreading
9 9 (15.25%) Electronic Trading
9 9 (15.25%) Market Risk
9 9 (15.25%) Monte Carlo Method
9 9 (15.25%) Linux
9 9 (15.25%) Risk Management
10 8 (13.56%) Equities
11 7 (11.86%) Analytics
11 7 (11.86%) Agile Software Development
11 7 (11.86%) Statistics
11 7 (11.86%) FIX Protocol
11 7 (11.86%) Computer Science
11 7 (11.86%) QA
11 7 (11.86%) TIBCO
11 7 (11.86%) Rendezvous
11 7 (11.86%) C++
12 6 (10.17%) Reuters
12 6 (10.17%) Migration

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 3 (5.08%) Oracle Coherence
1 3 (5.08%) Tomcat
2 1 (1.69%) Confluence
2 1 (1.69%) Elasticsearch
Applications
1 6 (10.17%) LaTeX
2 3 (5.08%) Doxygen
3 1 (1.69%) MS Excel
3 1 (1.69%) Spreadsheet
Business Applications
1 6 (10.17%) RMDS
2 4 (6.78%) Summit
3 2 (3.39%) Global One
3 2 (3.39%) Minerva
3 2 (3.39%) Sentinel
3 2 (3.39%) Tesseract
4 1 (1.69%) Bloomberg TOMS
4 1 (1.69%) ION MarketView
Cloud Services
1 1 (1.69%) Cloud Computing
Database & Business Intelligence
1 5 (8.47%) SQL Server
2 3 (5.08%) Hadoop
2 3 (5.08%) Relational Database
3 1 (1.69%) Big Data
3 1 (1.69%) Data Warehouse
3 1 (1.69%) Sybase ASE
Development Applications
1 5 (8.47%) JUnit
2 3 (5.08%) Git (software)
3 2 (3.39%) Subversion
4 1 (1.69%) Eclipse
4 1 (1.69%) IntelliJ
4 1 (1.69%) JIRA
4 1 (1.69%) Maven
4 1 (1.69%) Mockito
General
1 34 (57.63%) Finance
2 29 (49.15%) Front Office
3 17 (28.81%) Banking
4 4 (6.78%) Financial Institution
4 4 (6.78%) Investment Banking
5 3 (5.08%) Legal
6 2 (3.39%) Back Office
7 1 (1.69%) Corporate Banking
7 1 (1.69%) Law
7 1 (1.69%) Prime Brokerage
7 1 (1.69%) Retail
7 1 (1.69%) Spanish Language
Job Titles
1 29 (49.15%) Analyst
2 25 (42.37%) Developer
3 14 (23.73%) Business Analyst
4 13 (22.03%) Java Developer
5 8 (13.56%) Qualitative Analyst
5 8 (13.56%) Quantitative Analyst
5 8 (13.56%) Senior Developer
6 7 (11.86%) C# Developer
7 5 (8.47%) Electronic Trading Developer
7 5 (8.47%) Electronic Trading Java Developer
7 5 (8.47%) Market Risk Analyst
7 5 (8.47%) Market Risk Business Analyst
7 5 (8.47%) Risk Analyst
7 5 (8.47%) Risk Business Analyst
7 5 (8.47%) Senior Java Developer
7 5 (8.47%) Support Analyst
8 4 (6.78%) Murex Analyst
8 4 (6.78%) Murex Business Analyst
9 3 (5.08%) Market Analyst
9 3 (5.08%) Senior C# Developer
Libraries, Frameworks & Software Standards
1 7 (11.86%) FIX Protocol
1 7 (11.86%) Rendezvous
2 4 (6.78%) .NET
3 2 (3.39%) Akka
3 2 (3.39%) HTML
3 2 (3.39%) HTML5
3 2 (3.39%) XML
4 1 (1.69%) Apache Camel
4 1 (1.69%) CORBA
4 1 (1.69%) JMS
4 1 (1.69%) Middleware
4 1 (1.69%) Spring
4 1 (1.69%) STL
4 1 (1.69%) TIBCO EMS
4 1 (1.69%) WinForms
4 1 (1.69%) WPF
Miscellaneous
1 54 (91.53%) Derivative
2 35 (59.32%) Fixed Income
3 17 (28.81%) Foreign Exchange (FX)
4 9 (15.25%) Market Risk
5 8 (13.56%) Equities
6 7 (11.86%) Computer Science
6 7 (11.86%) Statistics
7 6 (10.17%) Algorithms
7 6 (10.17%) Analytical Skills
8 4 (6.78%) Interest Rate Derivative
9 3 (5.08%) Data Structures
9 3 (5.08%) Fintech
9 3 (5.08%) OTC Derivatives
10 2 (3.39%) Equity Derivative
10 2 (3.39%) Management Information System
10 2 (3.39%) Wiki
11 1 (1.69%) Credit Risk
11 1 (1.69%) Grid Computing
11 1 (1.69%) Mathematics
Operating Systems
1 11 (18.64%) Unix
2 9 (15.25%) Linux
3 3 (5.08%) Windows
4 1 (1.69%) Solaris
4 1 (1.69%) Windows Server
Processes & Methodologies
1 11 (18.64%) OO
2 10 (16.95%) Multithreading
3 9 (15.25%) Electronic Trading
3 9 (15.25%) Monte Carlo Method
3 9 (15.25%) Risk Management
4 7 (11.86%) Agile Software Development
4 7 (11.86%) Analytics
5 6 (10.17%) Change Management
5 6 (10.17%) Migration
6 4 (6.78%) Quantitative Finance
7 3 (5.08%) Business Analysis
7 3 (5.08%) Financial Modelling
7 3 (5.08%) Greeks
7 3 (5.08%) Project Management
7 3 (5.08%) Test Scripting
8 2 (3.39%) Asset Management
8 2 (3.39%) Data Migration
8 2 (3.39%) E-Commerce
8 2 (3.39%) Fund Management
8 2 (3.39%) Stakeholder Management
Programming Languages
1 17 (28.81%) C#
1 17 (28.81%) Java
1 17 (28.81%) SQL
2 7 (11.86%) C++
3 6 (10.17%) Scala
4 5 (8.47%) Perl
4 5 (8.47%) Python
4 5 (8.47%) R
5 2 (3.39%) JavaScript
6 1 (1.69%) PL/SQL
6 1 (1.69%) VBA
6 1 (1.69%) VBScript
Qualifications
1 5 (8.47%) PhD
2 2 (3.39%) Degree
Quality Assurance & Compliance
1 7 (11.86%) QA
2 2 (3.39%) MiFID
System Software
1 1 (1.69%) Tivoli Workload Scheduler
Systems Management
1 2 (3.39%) HP Quality Center
2 1 (1.69%) Tivoli
Vendors
1 12 (20.34%) Oracle
2 7 (11.86%) TIBCO
3 6 (10.17%) Reuters
4 5 (8.47%) ION Trading
4 5 (8.47%) Murex
5 3 (5.08%) Fidessa
6 2 (3.39%) Bloomberg
6 2 (3.39%) Calypso
6 2 (3.39%) Microsoft
7 1 (1.69%) DevExpress
7 1 (1.69%) HP
7 1 (1.69%) Perforce
7 1 (1.69%) Sun
7 1 (1.69%) Sybase
7 1 (1.69%) Syncfusion