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 31 May 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
31 May 2016
Same period 2015 Same period 2014
Credit Derivatives
Rank 583 574 544
Rank change year-on-year
-9 -30
Contract jobs citing Credit Derivative 60 36 68
As % of all contract IT jobs located in the UK 0.11% 0.066% 0.13%
As % of the Miscellaneous category 0.34% 0.21% 0.40%
Number of daily rates quoted 49 28 47
Median daily rate £625 £600 £550
Median daily rate % change year-on-year
+4.16% +9.09%
90% offered a daily rate of more than £501 £525 £425
10% offered a daily rate of more than £700 £725 £610
UK excluding London median daily rate - £488 £375
% change year-on-year
- +30.00%
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
17737 17281 17007
As % of all contract IT jobs located in the UK 33.07% 31.88% 31.86%
Number of daily rates quoted 11534 10640 10486
Median daily rate £425 £413 £405
Median daily rate % change year-on-year
+3.03% +1.85%
90% offered a daily rate of more than £260 £250 £225
10% offered a daily rate of more than £613 £600 £600
UK excluding London median daily rate £390 £375 £350
% change year-on-year
+4.00% +7.14%
Number of hourly rates quoted 590 704 736
Median hourly rate £21.50 £18.00 £20.00
Median hourly rate % change year-on-year
+19.44% -10.00%
90% offered a hourly rate of more than £12.49 £12.00 £12.00
10% offered a hourly rate of more than £47.17 £45.00 £42.50
UK excluding London median hourly rate £21.50 £18.50 £20.00
% change year-on-year
+16.21% -7.50%

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 31 May 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 31 May 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 +36 60 £625 +4.16% 3
England +20 60 £625 +4.16% 3
City of London +32 5 £650 +11.82% 1

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 31 May 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.

1 107 (100.00%) Derivative
2 68 (63.55%) Finance
3 63 (58.88%) Risk Management
4 61 (57.01%) Front Office
5 46 (42.99%) Credit Risk
6 45 (42.06%) Fixed Income
7 44 (41.12%) Foreign Exchange (FX)
8 32 (29.91%) C#
9 31 (28.97%) Banking
10 30 (28.04%) C++
10 30 (28.04%) Murex
11 27 (25.23%) Market Risk
12 23 (21.50%) Java
13 21 (19.63%) SQL
14 20 (18.69%) Calypso
14 20 (18.69%) Investment Banking
14 20 (18.69%) Mathematics
15 19 (17.76%) Multithreading
15 19 (17.76%) Spring Integration
15 19 (17.76%) Spring
15 19 (17.76%) ION Trading
16 18 (16.82%) Bloomberg
17 17 (15.89%) Validation
17 17 (15.89%) HTML
17 17 (15.89%) PhD
17 17 (15.89%) AngularJS
18 16 (14.95%) Monte Carlo Method
18 16 (14.95%) QA
18 16 (14.95%) Migration
19 15 (14.02%) Data Analysis

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 (2.80%) Tomcat
1 3 (2.80%) WebSphere
Applications
1 3 (2.80%) MS Visio
2 1 (0.93%) MS Excel
2 1 (0.93%) Spreadsheet
Business Applications
1 9 (8.41%) ION MarketView
2 4 (3.74%) Front Arena
3 1 (0.93%) SunGard GMI
Communications & Networking
1 1 (0.93%) NAS
1 1 (0.93%) SAN
Database & Business Intelligence
1 10 (9.35%) SQL Server
2 7 (6.54%) SQL Server Analysis Services
3 6 (5.61%) Relational Database
4 3 (2.80%) ObjectStore
4 3 (2.80%) PostgreSQL
5 2 (1.87%) Data Warehouse
5 2 (1.87%) Star Schema
6 1 (0.93%) Hadoop
6 1 (0.93%) Oracle Database
6 1 (0.93%) RDBMS
Development Applications
1 2 (1.87%) PowerDesigner
2 1 (0.93%) Bower
2 1 (0.93%) MagicDraw
2 1 (0.93%) Maven
2 1 (0.93%) Toad
2 1 (0.93%) XMLSpy
2 1 (0.93%) Yeoman
General
1 68 (63.55%) Finance
2 61 (57.01%) Front Office
3 31 (28.97%) Banking
4 20 (18.69%) Investment Banking
5 4 (3.74%) Back Office
6 1 (0.93%) Financial Institution
6 1 (0.93%) French Language
Job Titles
1 43 (40.19%) Analyst
1 43 (40.19%) Developer
2 37 (34.58%) Business Analyst
3 23 (21.50%) Credit Analyst
4 18 (16.82%) Java Developer
5 17 (15.89%) Credit Risk Manager
5 17 (15.89%) Murex Analyst
5 17 (15.89%) Murex Business Analyst
5 17 (15.89%) Risk Analyst
5 17 (15.89%) Risk Manager
6 15 (14.02%) Risk Business Analyst
7 13 (12.15%) Credit Risk Analyst
7 13 (12.15%) Front Office Business Analyst
7 13 (12.15%) Investment Banking Business Analyst
7 13 (12.15%) Quantitative Risk Manager
8 12 (11.21%) Credit Risk Business Analyst
8 12 (11.21%) Senior Developer
9 11 (10.28%) C++ Developer
9 11 (10.28%) Senior Java Developer
10 10 (9.35%) Technical Analyst
Libraries, Frameworks & Software Standards
1 19 (17.76%) Spring
1 19 (17.76%) Spring Integration
2 17 (15.89%) AngularJS
2 17 (15.89%) HTML
3 12 (11.21%) HTML5
3 12 (11.21%) XML
4 6 (5.61%) Boost C++ Libraries
4 6 (5.61%) STL
4 6 (5.61%) Web Services
5 5 (4.67%) CSS
5 5 (4.67%) Dropwizard
5 5 (4.67%) React
5 5 (4.67%) Twitter Bootstrap
6 4 (3.74%) .NET
6 4 (3.74%) WebSphere MQ
7 3 (2.80%) Django
7 3 (2.80%) Twisted
7 3 (2.80%) ZeroMQ
8 2 (1.87%) FIX Protocol
9 1 (0.93%) WPF
Miscellaneous
1 107 (100.00%) Derivative
2 46 (42.99%) Credit Risk
3 45 (42.06%) Fixed Income
4 44 (41.12%) Foreign Exchange (FX)
5 27 (25.23%) Market Risk
6 20 (18.69%) Mathematics
7 6 (5.61%) Equities
8 4 (3.74%) Analytical Skills
8 4 (3.74%) Statistics
9 3 (2.80%) Algorithms
9 3 (2.80%) Grid Computing
10 2 (1.87%) Computer Science
10 2 (1.87%) Data Structures
10 2 (1.87%) Interest Rate Derivative
10 2 (1.87%) Reference Data
11 1 (0.93%) Equity Derivative
11 1 (0.93%) Physics
Operating Systems
1 8 (7.48%) Windows
2 6 (5.61%) Linux
3 2 (1.87%) Unix
Processes & Methodologies
1 63 (58.88%) Risk Management
2 19 (17.76%) Multithreading
3 17 (15.89%) Validation
4 16 (14.95%) Migration
4 16 (14.95%) Monte Carlo Method
5 15 (14.02%) Data Analysis
6 14 (13.08%) OO
6 14 (13.08%) Risk Assessment
6 14 (13.08%) SDLC
7 13 (12.15%) Translating Business Requirements
8 12 (11.21%) Agile Software Development
8 12 (11.21%) TDD
8 12 (11.21%) User Acceptance Testing
9 11 (10.28%) Event-Driven Architecture
10 10 (9.35%) Collateral Management
10 10 (9.35%) Scrum
11 9 (8.41%) Stakeholder Management
12 8 (7.48%) Business Analysis
13 7 (6.54%) Requirements Analysis
14 6 (5.61%) Analytics
Programming Languages
1 32 (29.91%) C#
2 30 (28.04%) C++
3 23 (21.50%) Java
4 21 (19.63%) SQL
5 10 (9.35%) Python
6 3 (2.80%) Perl
7 2 (1.87%) IronPython
7 2 (1.87%) R
7 2 (1.87%) Tcl
7 2 (1.87%) T-SQL
7 2 (1.87%) VBA
Qualifications
1 17 (15.89%) PhD
2 1 (0.93%) Degree
Quality Assurance & Compliance
1 16 (14.95%) QA
2 1 (0.93%) ISO20022
2 1 (0.93%) MiFID
2 1 (0.93%) SLA
System Software
1 1 (0.93%) Veritas Cluster Server
Systems Management
1 1 (0.93%) BMC PATROL
1 1 (0.93%) ITRS Geneos
1 1 (0.93%) Nagios
1 1 (0.93%) Tivoli
Vendors
1 30 (28.04%) Murex
2 20 (18.69%) Calypso
3 19 (17.76%) ION Trading
4 18 (16.82%) Bloomberg
5 8 (7.48%) Oracle
6 5 (4.67%) Sencha
7 2 (1.87%) Sybase
8 1 (0.93%) FactSet
8 1 (0.93%) Sophis
8 1 (0.93%) SunGard
8 1 (0.93%) Tradeweb
8 1 (0.93%) Veritas