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 30 June 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
30 Jun 2015
Same period 2014 Same period 2013
Credit Derivatives
Rank 558 547 449
Rank change year-on-year
-11 -98
Contract jobs citing Credit Derivative 42 52 118
As % of all contract IT jobs located in the UK 0.075% 0.097% 0.24%
As % of the Miscellaneous category 0.24% 0.30% 0.72%
Number of daily rates quoted 34 35 82
Average daily rate
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of your Daily Rate
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£575 £600 £550
Average daily rate % change year-on-year
-4.16% +9.09%
90% offered a daily rate of more than £500 £490 £425
10% offered a daily rate of more than £650 £600 £600
UK excluding London average daily rate £550 - -
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
17597 17102 16421
As % of all contract IT jobs located in the UK 31.37% 31.76% 33.38%
Number of daily rates quoted 10983 10536 9717
Average daily rate £415 £400 £425
Average daily rate % change year-on-year
+3.75% -5.88%
90% offered a daily rate of more than £250 £235 £243
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 640 655 709
Average hourly rate £19.00 £22.00 £22.00
Average hourly rate % change year-on-year
-13.63% -
90% offered a hourly rate of more than £12.25 £12.50 £12.50
10% offered a hourly rate of more than £46.50 £43.00 £43.00
UK excluding London average hourly rate £18.90 £23.00 £20.00
% change year-on-year
-17.82% +15.00%

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 30 June 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 3 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 30 June 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
England -22 39 £581 -3.12% 10
London -24 39 £581 -3.12% 10
City of London +4 15 £575 -2.12% 2

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 30 June 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 88 (97.78%) Derivative
2 59 (65.56%) Front Office
3 51 (56.67%) Finance
4 40 (44.44%) Banking
5 34 (37.78%) Foreign Exchange (FX)
6 30 (33.33%) C#
6 30 (33.33%) SQL
6 30 (33.33%) Investment Banking
7 27 (30.00%) Agile Software Development
8 26 (28.89%) Fixed Income
9 25 (27.78%) OO
10 22 (24.44%) Multithreading
11 19 (21.11%) Java
11 19 (21.11%) Workflow
12 18 (20.00%) Interest Rate Derivative
12 18 (20.00%) Equity Derivative
12 18 (20.00%) XML
13 17 (18.89%) .NET
14 16 (17.78%) C++
14 16 (17.78%) FpML
14 16 (17.78%) Risk Management
15 15 (16.67%) Business Analysis
16 14 (15.56%) SQL Server
17 13 (14.44%) TDD
18 11 (12.22%) UML
18 11 (12.22%) WPF
18 11 (12.22%) Tradeweb
18 11 (12.22%) Analytics
19 10 (11.11%) Greeks
19 10 (11.11%) Data Modelling

Credit Derivative
Top Related IT Skills by Category

For the 6 months to 30 June 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 4 (4.44%) MQSeries
2 3 (3.33%) Oracle Workflow
3 1 (1.11%) Oracle Coherence
3 1 (1.11%) Apache Spark
3 1 (1.11%) IIS
3 1 (1.11%) MTS
Applications
1 3 (3.33%) MS Office
2 2 (2.22%) MS Excel
3 1 (1.11%) Spreadsheet
Business Applications
1 2 (2.22%) RMDS
2 1 (1.11%) Summit
Database & Business Intelligence
1 14 (15.56%) SQL Server
2 8 (8.89%) Relational Database
3 7 (7.78%) RDBMS
4 4 (4.44%) Hadoop
5 3 (3.33%) Impala
5 3 (3.33%) HBase
5 3 (3.33%) Big Data
5 3 (3.33%) Oracle Database
6 2 (2.22%) Apache Hive
6 2 (2.22%) Data Warehouse
7 1 (1.11%) SQL Server Reporting Services
7 1 (1.11%) SQL Server Integration Services
7 1 (1.11%) SQL Server Analysis Services
Development Applications
1 4 (4.44%) JIRA
2 3 (3.33%) Git (software)
3 2 (2.22%) Visual Studio
3 2 (2.22%) Subversion
4 1 (1.11%) TeamCity
4 1 (1.11%) FxCop
4 1 (1.11%) StyleCop
4 1 (1.11%) SpecFlow
4 1 (1.11%) Jenkins
4 1 (1.11%) SonarQube
General
1 59 (65.56%) Front Office
2 51 (56.67%) Finance
3 40 (44.44%) Banking
4 30 (33.33%) Investment Banking
5 10 (11.11%) Back Office
6 6 (6.67%) Financial Institution
7 4 (4.44%) French Language
8 3 (3.33%) Legal
Job Titles
1 47 (52.22%) Developer
2 31 (34.44%) Analyst
3 29 (32.22%) Business Analyst
4 19 (21.11%) C# Developer
5 12 (13.33%) Java Developer
6 10 (11.11%) Senior Developer
7 7 (7.78%) Senior C# Developer
8 6 (6.67%) Python Developer
9 5 (5.56%) Business Systems Analyst
9 5 (5.56%) Systems Analyst
9 5 (5.56%) C++ Developer
9 5 (5.56%) WPF Developer
10 3 (3.33%) Scala Developer
10 3 (3.33%) Investment Banking Business Analyst
10 3 (3.33%) Senior Java Developer
11 2 (2.22%) Risk Analyst
11 2 (2.22%) Technical Analyst
11 2 (2.22%) Data Modeller
11 2 (2.22%) Technical Business Analyst
11 2 (2.22%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 18 (20.00%) XML
2 17 (18.89%) .NET
3 16 (17.78%) FpML
4 11 (12.22%) WPF
5 6 (6.67%) Reactive Extensions
6 5 (5.56%) Rendezvous
7 4 (4.44%) ASP.NET
8 3 (3.33%) JMS
8 3 (3.33%) Akka
9 2 (2.22%) HTML5
9 2 (2.22%) Web Services
9 2 (2.22%) HTML
10 1 (1.11%) RESTful
10 1 (1.11%) Managed Extensibility Framework
10 1 (1.11%) Task Parallel Library
10 1 (1.11%) AngularJS
10 1 (1.11%) SignalR
10 1 (1.11%) Unity DI Container
10 1 (1.11%) WinForms
10 1 (1.11%) .NET Framework
Miscellaneous
1 88 (97.78%) Derivative
2 34 (37.78%) Foreign Exchange (FX)
3 26 (28.89%) Fixed Income
4 18 (20.00%) Interest Rate Derivative
4 18 (20.00%) Equity Derivative
5 10 (11.11%) Equities
6 8 (8.89%) Analytical Skills
7 6 (6.67%) Credit Risk
8 4 (4.44%) SWIFT
9 3 (3.33%) Management Information System
10 2 (2.22%) Swaptions
10 2 (2.22%) Market Risk
10 2 (2.22%) Reference Data
10 2 (2.22%) Data Structures
10 2 (2.22%) CUDA
11 1 (1.11%) Algorithms
11 1 (1.11%) Inversion of Control
11 1 (1.11%) User Experience
11 1 (1.11%) Clustering
11 1 (1.11%) Mathematics
Operating Systems
1 7 (7.78%) Windows
2 5 (5.56%) UNIX
3 2 (2.22%) Linux
Processes & Methodologies
1 27 (30.00%) Agile Software Development
2 25 (27.78%) OO
3 22 (24.44%) Multithreading
4 19 (21.11%) Workflow
5 16 (17.78%) Risk Management
6 15 (16.67%) Business Analysis
7 13 (14.44%) TDD
8 11 (12.22%) UML
8 11 (12.22%) Analytics
9 10 (11.11%) Greeks
9 10 (11.11%) Data Modelling
10 8 (8.89%) Migration
10 8 (8.89%) Low Latency
11 7 (7.78%) User Acceptance Testing
12 6 (6.67%) BDD
12 6 (6.67%) Ultra-Low Latency
12 6 (6.67%) Functional Programming
12 6 (6.67%) Data Migration
12 6 (6.67%) Data Architecture
12 6 (6.67%) Garbage Collection
Programming Languages
1 30 (33.33%) C#
1 30 (33.33%) SQL
2 19 (21.11%) Java
3 16 (17.78%) C++
4 8 (8.89%) VBA
5 7 (7.78%) Python
6 4 (4.44%) Haskell
6 4 (4.44%) F#
6 4 (4.44%) Scala
7 3 (3.33%) Perl
8 1 (1.11%) PL/SQL
8 1 (1.11%) Clojure
8 1 (1.11%) R
8 1 (1.11%) T-SQL
Qualifications
1 3 (3.33%) Degree
2 1 (1.11%) PhD
Quality Assurance & Compliance
1 3 (3.33%) Dodd-Frank
2 2 (2.22%) COREP
2 2 (2.22%) Basel III
2 2 (2.22%) CRD IV
3 1 (1.11%) Basel II
3 1 (1.11%) QA
System Software
1 2 (2.22%) Apache Flume
1 2 (2.22%) HDFS
Systems Management
1 2 (2.22%) Oozie
2 1 (1.11%) ITRS Geneos
2 1 (1.11%) Puppet
Vendors
1 11 (12.22%) Tradeweb
2 10 (11.11%) Murex
3 8 (8.89%) Oracle
4 7 (7.78%) TIBCO
5 5 (5.56%) Microsoft
6 4 (4.44%) Bloomberg
6 4 (4.44%) Sybase
6 4 (4.44%) IBM
6 4 (4.44%) DevExpress
7 2 (2.22%) ION Trading
8 1 (1.11%) DataSynapse
8 1 (1.11%) Syncfusion
8 1 (1.11%) MarketAxess
8 1 (1.11%) Red Gate
8 1 (1.11%) Cloudera
8 1 (1.11%) Actian
8 1 (1.11%) Calypso
8 1 (1.11%) eSpeed
8 1 (1.11%) Perforce
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