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 average contractor rates offered in IT contracts that have cited Credit Derivative over the 3 months to 7 May 2015 with a comparison to the same period in 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.

Location
3 months to
7 May 2015
Same period 2014 Same period 2013
Credit Derivatives
Rank 565 525 384
Rank change year-on-year
-40 -141
Contract jobs citing Credit Derivative 38 76 168
As % of all contract IT jobs located in the UK 0.068% 0.14% 0.35%
As % of the Miscellaneous category 0.22% 0.44% 1.13%
Number of daily rates quoted 31 47 115
Average daily rate
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£600 £550 £550
Average daily rate % change year-on-year
+9.09% -
90% offered a daily rate of more than £525 £405 £500
10% offered a daily rate of more than £725 £625 £640
UK excluding London average daily rate £400 £375 -
% change year-on-year
+6.66% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
16895 17192 14860
As % of all contract IT jobs located in the UK 30.34% 31.01% 31.23%
Number of daily rates quoted 10394 10667 8848
Average daily rate £420 £405 £425
Average daily rate % change year-on-year
+3.70% -4.70%
90% offered a daily rate of more than £250 £235 £245
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 642 676 623
Average hourly rate £18.95 £21.50 £23.33
Average hourly rate % change year-on-year
-11.86% -7.84%
90% offered a hourly rate of more than £11.50 £11.91 £12.42
10% offered a hourly rate of more than £45.60 £42.50 £45.00
UK excluding London average hourly rate £19.00 £22.50 £22.00
% change year-on-year
-15.55% +2.27%

Credit Derivative
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Credit Derivative within the UK as a proportion of the total demand within 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 7 May 2015.

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 5 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Credit Derivative within the UK over the 3 months to 7 May 2015. 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
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London -42 36 £600 +9.09% 4
England -42 36 £600 +9.09% 4
City of London +7 9 £638 +15.90% 1
Scotland - 2 £400 -
Glasgow - 2 £400 -

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 7 May 2015, IT contractor jobs within the UK citing Credit Derivative also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Credit Derivative.

1 97 (97.98%) Derivative
2 76 (76.77%) Front Office
3 58 (58.59%) Finance
4 50 (50.51%) Foreign Exchange (FX)
5 43 (43.43%) Banking
6 37 (37.37%) Java
7 35 (35.35%) Investment Banking
8 32 (32.32%) XML
9 31 (31.31%) Fixed Income
10 30 (30.30%) Agile Software Development
10 30 (30.30%) Equity Derivative
11 29 (29.29%) Interest Rate Derivative
11 29 (29.29%) SQL
12 21 (21.21%) C#
12 21 (21.21%) OO
12 21 (21.21%) Data Modelling
12 21 (21.21%) Multithreading
13 20 (20.20%) Analytics
13 20 (20.20%) UML
14 18 (18.18%) Business Analysis
15 17 (17.17%) FpML
15 17 (17.17%) Data Architecture
16 16 (16.16%) Workflow
17 15 (15.15%) Financial Institution
18 14 (14.14%) WPF
18 14 (14.14%) Relational Database
19 13 (13.13%) Tradeweb
19 13 (13.13%) Low Latency
19 13 (13.13%) TDD
19 13 (13.13%) Equities

Credit Derivative
Top Related IT Skills by Category

For the 6 months to 7 May 2015, IT contractor jobs within the UK citing Credit Derivative also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Credit Derivative. Up to 20 skills are shown per category.

Application Platforms
1 2 (2.02%) Apache Spark
1 2 (2.02%) Oracle Workflow
2 1 (1.01%) Oracle Coherence
2 1 (1.01%) MTS
Applications
1 2 (2.02%) MS Office
2 1 (1.01%) MS Excel
2 1 (1.01%) Spreadsheet
Business Applications
1 2 (2.02%) RMDS
2 1 (1.01%) Summit
Database & Business Intelligence
1 14 (14.14%) Relational Database
2 11 (11.11%) RDBMS
3 10 (10.10%) Hadoop
4 9 (9.09%) HBase
5 8 (8.08%) SQL Server
6 6 (6.06%) Apache Hive
7 4 (4.04%) Impala
7 4 (4.04%) Big Data
8 2 (2.02%) Oracle Database
8 2 (2.02%) Data Warehouse
9 1 (1.01%) SQL Server 2005
9 1 (1.01%) SQL Server Integration Services
9 1 (1.01%) SQL Server Reporting Services
9 1 (1.01%) DB2
9 1 (1.01%) OLAP
9 1 (1.01%) BusinessObjects XI
9 1 (1.01%) SQL Server Analysis Services
9 1 (1.01%) QlikView
9 1 (1.01%) SQL Server 2008
Development Applications
1 3 (3.03%) JIRA
1 3 (3.03%) Git (software)
2 2 (2.02%) Visual Studio
2 2 (2.02%) Subversion
3 1 (1.01%) Maven
3 1 (1.01%) Jenkins
3 1 (1.01%) SpecFlow
3 1 (1.01%) FxCop
3 1 (1.01%) StyleCop
3 1 (1.01%) TeamCity
3 1 (1.01%) SonarQube
General
1 76 (76.77%) Front Office
2 58 (58.59%) Finance
3 43 (43.43%) Banking
4 35 (35.35%) Investment Banking
5 15 (15.15%) Financial Institution
6 10 (10.10%) Back Office
7 4 (4.04%) French Language
8 2 (2.02%) Legal
Job Titles
1 43 (43.43%) Developer
2 38 (38.38%) Analyst
3 32 (32.32%) Business Analyst
4 24 (24.24%) Java Developer
5 12 (12.12%) Data Modeller
6 10 (10.10%) C# Developer
7 6 (6.06%) Investment Banking Business Analyst
8 5 (5.05%) Business Systems Analyst
8 5 (5.05%) Systems Analyst
8 5 (5.05%) Support Analyst
9 4 (4.04%) WPF Developer
9 4 (4.04%) Banking Business Analyst
10 3 (3.03%) Senior Analyst
10 3 (3.03%) Senior Java Developer
10 3 (3.03%) Senior Business Analyst
10 3 (3.03%) Data Architect
10 3 (3.03%) Senior Developer
10 3 (3.03%) Architect
11 2 (2.02%) Agile Business Analyst
11 2 (2.02%) Scala Developer
Libraries, Frameworks & Software Standards
1 32 (32.32%) XML
2 17 (17.17%) FpML
3 14 (14.14%) WPF
4 11 (11.11%) .NET
5 6 (6.06%) Apache Camel
5 6 (6.06%) Reactive Extensions
6 4 (4.04%) JMS
7 3 (3.03%) FIX Protocol
7 3 (3.03%) Akka
8 2 (2.02%) HTML5
8 2 (2.02%) HTML
8 2 (2.02%) Swing
8 2 (2.02%) Middleware
9 1 (1.01%) .NET Framework
9 1 (1.01%) JSON
9 1 (1.01%) WinForms
9 1 (1.01%) Rendezvous
9 1 (1.01%) Web Services
9 1 (1.01%) Unity DI Container
9 1 (1.01%) Play Framework
Miscellaneous
1 97 (97.98%) Derivative
2 50 (50.51%) Foreign Exchange (FX)
3 31 (31.31%) Fixed Income
4 30 (30.30%) Equity Derivative
5 29 (29.29%) Interest Rate Derivative
6 13 (13.13%) Equities
7 7 (7.07%) Data Structures
8 6 (6.06%) Algorithms
8 6 (6.06%) Credit Risk
9 5 (5.05%) Computer Science
10 4 (4.04%) SWIFT
11 2 (2.02%) Analytical Skills
11 2 (2.02%) Market Risk
11 2 (2.02%) CUDA
11 2 (2.02%) Mathematics
11 2 (2.02%) Management Information System
12 1 (1.01%) Replication
12 1 (1.01%) N-Tier
12 1 (1.01%) Inversion of Control
12 1 (1.01%) Swaptions
Operating Systems
1 9 (9.09%) UNIX
2 3 (3.03%) Windows
2 3 (3.03%) Linux
Processes & Methodologies
1 30 (30.30%) Agile Software Development
2 21 (21.21%) OO
2 21 (21.21%) Data Modelling
2 21 (21.21%) Multithreading
3 20 (20.20%) Analytics
3 20 (20.20%) UML
4 18 (18.18%) Business Analysis
5 17 (17.17%) Data Architecture
6 16 (16.16%) Workflow
7 13 (13.13%) Low Latency
7 13 (13.13%) TDD
8 9 (9.09%) Risk Management
9 8 (8.08%) Ultra-Low Latency
10 7 (7.07%) BDD
10 7 (7.07%) Greeks
10 7 (7.07%) Electronic Trading
10 7 (7.07%) User Acceptance Testing
10 7 (7.07%) Functional Programming
11 5 (5.05%) GAP Analysis
11 5 (5.05%) Logical Data Model
Programming Languages
1 37 (37.37%) Java
2 29 (29.29%) SQL
3 21 (21.21%) C#
4 9 (9.09%) C++
5 6 (6.06%) Clojure
5 6 (6.06%) VBA
6 4 (4.04%) Scala
7 3 (3.03%) Python
7 3 (3.03%) Perl
8 2 (2.02%) PL/SQL
8 2 (2.02%) C
9 1 (1.01%) XAML
9 1 (1.01%) T-SQL
Qualifications
1 6 (6.06%) Degree
2 1 (1.01%) Postgraduate
Quality Assurance & Compliance
1 3 (3.03%) Dodd-Frank
2 1 (1.01%) Basel II
2 1 (1.01%) Basel III
2 1 (1.01%) QA
System Software
1 3 (3.03%) Apache Flume
2 2 (2.02%) HDFS
Systems Management
1 3 (3.03%) ITRS Geneos
2 2 (2.02%) Oozie
Vendors
1 13 (13.13%) Tradeweb
2 10 (10.10%) Murex
3 6 (6.06%) Bloomberg
4 5 (5.05%) Sybase
5 4 (4.04%) DevExpress
5 4 (4.04%) Oracle
5 4 (4.04%) Microsoft
5 4 (4.04%) TIBCO
6 3 (3.03%) MarketAxess
7 2 (2.02%) Actian
7 2 (2.02%) ION Trading
8 1 (1.01%) DataSynapse
8 1 (1.01%) Perforce
8 1 (1.01%) eSpeed
8 1 (1.01%) Calypso
8 1 (1.01%) Cloudera
8 1 (1.01%) Red Gate
8 1 (1.01%) Syncfusion