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 June 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 Jun 2016
Same period 2015 Same period 2014
Credit Derivatives
Rank 601 596 566
Rank change year-on-year
-5 -30
Contract jobs citing Credit Derivative 39 44 57
As % of all contract IT jobs located in the UK 0.073% 0.078% 0.11%
As % of the Miscellaneous category 0.22% 0.25% 0.32%
Number of daily rates quoted 32 35 40
Median daily rate £625 £575 £563
Median daily rate % change year-on-year
+8.69% +2.22%
90% offered a daily rate of more than £600 £500 £495
10% offered a daily rate of more than £700 £680 £600
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
17935 17894 17618
As % of all contract IT jobs located in the UK 33.36% 31.90% 32.49%
Number of daily rates quoted 11603 11087 10853
Median daily rate £425 £418 £400
Median daily rate % change year-on-year
+1.79% +4.37%
90% offered a daily rate of more than £255 £250 £230
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £390 £375 £350
% change year-on-year
+4.00% +7.14%
Number of hourly rates quoted 624 699 712
Median hourly rate £21.50 £18.61 £20.50
Median hourly rate % change year-on-year
+15.56% -9.24%
90% offered a hourly rate of more than £12.49 £12.25 £12.50
10% offered a hourly rate of more than £47.39 £45.00 £42.50
UK excluding London median hourly rate £22.00 £18.00 £21.00
% change year-on-year
+22.22% -14.28%

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 June 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 June 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 +1 39 £625 +5.26% 3
London -2 39 £625 +5.26% 3
City of London +27 5 £650 +13.04% 3

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 24 June 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 98 (100.00%) Derivative
2 61 (62.24%) Finance
3 58 (59.18%) Risk Management
4 53 (54.08%) Front Office
5 46 (46.94%) Fixed Income
6 42 (42.86%) Foreign Exchange (FX)
7 40 (40.82%) Credit Risk
8 29 (29.59%) Murex
9 27 (27.55%) C#
10 25 (25.51%) Banking
11 23 (23.47%) Java
11 23 (23.47%) Market Risk
12 21 (21.43%) C++
13 20 (20.41%) SQL
13 20 (20.41%) Calypso
14 19 (19.39%) ION Trading
14 19 (19.39%) Spring
14 19 (19.39%) Spring Integration
15 18 (18.37%) Bloomberg
16 17 (17.35%) HTML
16 17 (17.35%) AngularJS
17 16 (16.33%) Monte Carlo Method
17 16 (16.33%) Quantitative Finance
17 16 (16.33%) Migration
17 16 (16.33%) Investment Banking
18 15 (15.31%) OO
18 15 (15.31%) PhD
18 15 (15.31%) Multithreading
18 15 (15.31%) Mathematics
18 15 (15.31%) SDLC

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 (3.06%) Tomcat
1 3 (3.06%) WebSphere
Applications
1 2 (2.04%) Spreadsheet
2 1 (1.02%) MS Excel
2 1 (1.02%) MS Visio
Business Applications
1 9 (9.18%) ION MarketView
2 4 (4.08%) Front Arena
3 1 (1.02%) SunGard GMI
Communications & Networking
1 1 (1.02%) NAS
1 1 (1.02%) SAN
Database & Business Intelligence
1 8 (8.16%) SQL Server
2 7 (7.14%) SQL Server Analysis Services
3 5 (5.10%) Relational Database
4 3 (3.06%) ObjectStore
4 3 (3.06%) PostgreSQL
5 2 (2.04%) Data Warehouse
5 2 (2.04%) Star Schema
6 1 (1.02%) Hadoop
6 1 (1.02%) Oracle Database
6 1 (1.02%) RDBMS
Development Applications
1 2 (2.04%) PowerDesigner
2 1 (1.02%) Bower
2 1 (1.02%) Maven
2 1 (1.02%) Yeoman
General
1 61 (62.24%) Finance
2 53 (54.08%) Front Office
3 25 (25.51%) Banking
4 16 (16.33%) Investment Banking
5 2 (2.04%) Back Office
6 1 (1.02%) Financial Institution
6 1 (1.02%) French Language
Job Titles
1 42 (42.86%) Analyst
2 38 (38.78%) Developer
3 35 (35.71%) Business Analyst
4 22 (22.45%) Credit Analyst
5 18 (18.37%) Java Developer
6 16 (16.33%) Murex Analyst
6 16 (16.33%) Murex Business Analyst
6 16 (16.33%) Risk Analyst
7 15 (15.31%) Credit Risk Manager
7 15 (15.31%) Risk Manager
8 14 (14.29%) Risk Business Analyst
9 12 (12.24%) Senior Developer
10 11 (11.22%) Credit Risk Analyst
10 11 (11.22%) Credit Risk Business Analyst
10 11 (11.22%) Front Office Business Analyst
10 11 (11.22%) Quantitative Risk Manager
10 11 (11.22%) Senior Java Developer
11 10 (10.20%) Angular Developer
11 10 (10.20%) Investment Banking Business Analyst
11 10 (10.20%) Technical Analyst
Libraries, Frameworks & Software Standards
1 19 (19.39%) Spring
1 19 (19.39%) Spring Integration
2 17 (17.35%) AngularJS
2 17 (17.35%) HTML
3 12 (12.24%) HTML5
4 9 (9.18%) XML
5 6 (6.12%) Web Services
6 5 (5.10%) CSS
6 5 (5.10%) Dropwizard
6 5 (5.10%) React
6 5 (5.10%) Twitter Bootstrap
7 3 (3.06%) .NET
7 3 (3.06%) Boost C++ Libraries
7 3 (3.06%) Django
7 3 (3.06%) STL
7 3 (3.06%) Twisted
7 3 (3.06%) WebSphere MQ
7 3 (3.06%) ZeroMQ
8 1 (1.02%) JMS
8 1 (1.02%) Murex MxML
Miscellaneous
1 98 (100.00%) Derivative
2 46 (46.94%) Fixed Income
3 42 (42.86%) Foreign Exchange (FX)
4 40 (40.82%) Credit Risk
5 23 (23.47%) Market Risk
6 15 (15.31%) Mathematics
7 6 (6.12%) Grid Computing
8 5 (5.10%) Analytical Skills
8 5 (5.10%) Statistics
9 4 (4.08%) Equities
10 3 (3.06%) Algorithms
10 3 (3.06%) Interest Rate Derivative
11 2 (2.04%) Data Structures
11 2 (2.04%) Equity Derivative
11 2 (2.04%) Reference Data
Operating Systems
1 4 (4.08%) Windows
2 3 (3.06%) Linux
3 2 (2.04%) Unix
Processes & Methodologies
1 58 (59.18%) Risk Management
2 16 (16.33%) Migration
2 16 (16.33%) Monte Carlo Method
2 16 (16.33%) Quantitative Finance
3 15 (15.31%) Multithreading
3 15 (15.31%) OO
3 15 (15.31%) SDLC
4 14 (14.29%) Data Analysis
5 12 (12.24%) Agile Software Development
5 12 (12.24%) TDD
5 12 (12.24%) User Acceptance Testing
6 11 (11.22%) Event-Driven Architecture
6 11 (11.22%) Risk Assessment
6 11 (11.22%) Translating Business Requirements
6 11 (11.22%) Validation
7 10 (10.20%) Collateral Management
7 10 (10.20%) Scrum
8 8 (8.16%) Stakeholder Management
9 7 (7.14%) Business Analysis
10 6 (6.12%) Requirements Analysis
Programming Languages
1 27 (27.55%) C#
2 23 (23.47%) Java
3 21 (21.43%) C++
4 20 (20.41%) SQL
5 9 (9.18%) Python
6 3 (3.06%) Perl
7 2 (2.04%) IronPython
7 2 (2.04%) Tcl
7 2 (2.04%) T-SQL
7 2 (2.04%) VBA
8 1 (1.02%) PL/SQL
Qualifications
1 15 (15.31%) PhD
2 1 (1.02%) Degree
Quality Assurance & Compliance
1 13 (13.27%) QA
2 1 (1.02%) MiFID
2 1 (1.02%) SLA
System Software
1 1 (1.02%) Veritas Cluster Server
Systems Management
1 1 (1.02%) BMC PATROL
1 1 (1.02%) ITRS Geneos
1 1 (1.02%) Nagios
1 1 (1.02%) Tivoli
Vendors
1 29 (29.59%) Murex
2 20 (20.41%) Calypso
3 19 (19.39%) ION Trading
4 18 (18.37%) Bloomberg
5 8 (8.16%) Oracle
6 5 (5.10%) Sencha
7 1 (1.02%) FactSet
7 1 (1.02%) Sophis
7 1 (1.02%) SunGard
7 1 (1.02%) Sybase
7 1 (1.02%) Tradeweb
7 1 (1.02%) Veritas