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 23 February 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
23 Feb 2017
Same period 2016 Same period 2015
Credit Derivatives
UK
Rank 571 584 561
Rank change year-on-year
+13 -23
Contract jobs citing Credit Derivative 24 44 55
As % of all contract IT jobs located in the UK 0.053% 0.085% 0.10%
As % of the Miscellaneous category 0.17% 0.27% 0.35%
Number of daily rates quoted 15 31 47
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 £517
10% offered a daily rate of more than £715 £1,100 £650
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
14081 16114 15778
As % of all contract IT jobs located in the UK 31.03% 30.96% 30.05%
Number of daily rates quoted 9062 10430 9745
Median daily rate £447 £425 £425
Median daily rate % change year-on-year
+5.05% -
90% offered a daily rate of more than £263 £250 £250
10% offered a daily rate of more than £625 £610 £600
UK excluding London median daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 556 580 645
Median hourly rate £20.00 £22.00 £18.38
Median hourly rate % change year-on-year
-9.09% +19.72%
90% offered a hourly rate of more than £11.33 £12.50 £11.74
10% offered a hourly rate of more than £48.70 £53.40 £42.50
UK excluding London median hourly rate £17.50 £22.54 £18.00
% change year-on-year
-22.36% +25.22%

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 23 February 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 23 February 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 +17 24 £613 +2.08% 3
London -7 24 £613 +2.08% 3
City of London -10 5 £613 +16.66% 2
Canary Wharf - 1 £600 -

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 23 February 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 36 (61.02%) Fixed Income
3 29 (49.15%) Finance
4 28 (47.46%) Front Office
5 20 (33.90%) Foreign Exchange (FX)
6 19 (32.20%) Java
7 17 (28.81%) C#
7 17 (28.81%) SQL
8 16 (27.12%) Banking
9 14 (23.73%) Oracle
10 12 (20.34%) Mathematics
11 11 (18.64%) Computer Science
11 11 (18.64%) Risk Management
11 11 (18.64%) Monte Carlo Method
12 10 (16.95%) Market Risk
12 10 (16.95%) Analytics
12 10 (16.95%) Unix
12 10 (16.95%) OO
13 9 (15.25%) Algorithms
13 9 (15.25%) Multithreading
14 8 (13.56%) Scala
14 8 (13.56%) Analytical Skills
14 8 (13.56%) Agile Software Development
14 8 (13.56%) Equities
15 7 (11.86%) Migration
15 7 (11.86%) Statistics
15 7 (11.86%) Linux
15 7 (11.86%) Electronic Trading
16 6 (10.17%) LaTeX
16 6 (10.17%) PhD

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 5 (8.47%) Tomcat
2 4 (6.78%) Elasticsearch
3 1 (1.69%) Confluence
Applications
1 6 (10.17%) LaTeX
2 3 (5.08%) Doxygen
3 2 (3.39%) MS Excel
Business Applications
1 5 (8.47%) 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%) Relational Database
2 2 (3.39%) SQL Server
3 1 (1.69%) Big Data
3 1 (1.69%) Oracle Database
3 1 (1.69%) Sybase ASE
Development Applications
1 4 (6.78%) JUnit
2 2 (3.39%) Git (software)
3 1 (1.69%) Eclipse
3 1 (1.69%) IntelliJ
3 1 (1.69%) Jasmine
3 1 (1.69%) JIRA
3 1 (1.69%) Karma Test Runner
3 1 (1.69%) Maven
3 1 (1.69%) Mockito
3 1 (1.69%) NUnit
3 1 (1.69%) Subversion
General
1 29 (49.15%) Finance
2 28 (47.46%) Front Office
3 16 (27.12%) 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 28 (47.46%) Developer
2 27 (45.76%) Analyst
3 14 (23.73%) Java Developer
4 13 (22.03%) Business Analyst
5 9 (15.25%) Qualitative Analyst
5 9 (15.25%) Quantitative Analyst
6 5 (8.47%) Perl Developer
7 4 (6.78%) C# Developer
7 4 (6.78%) Electronic Trading Developer
7 4 (6.78%) Electronic Trading Java Developer
7 4 (6.78%) Market Risk Analyst
7 4 (6.78%) Market Risk Business Analyst
7 4 (6.78%) Murex Analyst
7 4 (6.78%) Murex Business Analyst
7 4 (6.78%) Risk Analyst
7 4 (6.78%) Risk Business Analyst
7 4 (6.78%) Senior Developer
7 4 (6.78%) Senior Java Developer
7 4 (6.78%) Support Analyst
8 3 (5.08%) Market Analyst
Libraries, Frameworks & Software Standards
1 6 (10.17%) FIX Protocol
1 6 (10.17%) Rendezvous
2 4 (6.78%) .NET
2 4 (6.78%) AngularJS
3 3 (5.08%) HTML
3 3 (5.08%) HTML5
3 3 (5.08%) XML
4 2 (3.39%) Akka
5 1 (1.69%) Apache Camel
5 1 (1.69%) ASP.NET
5 1 (1.69%) ASP.NET Web API
5 1 (1.69%) COM
5 1 (1.69%) CORBA
5 1 (1.69%) CSS
5 1 (1.69%) JMS
5 1 (1.69%) RESTful
5 1 (1.69%) STL
5 1 (1.69%) Web Services
5 1 (1.69%) WPF
5 1 (1.69%) XSLT
Miscellaneous
1 54 (91.53%) Derivative
2 36 (61.02%) Fixed Income
3 20 (33.90%) Foreign Exchange (FX)
4 11 (18.64%) Computer Science
5 10 (16.95%) Market Risk
6 9 (15.25%) Algorithms
7 8 (13.56%) Analytical Skills
7 8 (13.56%) Equities
8 4 (6.78%) Credit Risk
8 4 (6.78%) Interest Rate Derivative
9 3 (5.08%) Fintech
9 3 (5.08%) Mainframe
9 3 (5.08%) OTC Derivatives
10 2 (3.39%) Data Structures
10 2 (3.39%) Equity Derivative
10 2 (3.39%) Management Information System
10 2 (3.39%) Wiki
Operating Systems
1 10 (16.95%) Unix
2 7 (11.86%) Linux
3 2 (3.39%) Windows
4 1 (1.69%) Windows Server
Processes & Methodologies
1 12 (20.34%) Mathematics
2 11 (18.64%) Monte Carlo Method
2 11 (18.64%) Risk Management
3 10 (16.95%) Analytics
3 10 (16.95%) OO
4 9 (15.25%) Multithreading
5 8 (13.56%) Agile Software Development
6 7 (11.86%) Electronic Trading
6 7 (11.86%) Migration
6 7 (11.86%) Statistics
7 5 (8.47%) Change Management
7 5 (8.47%) Financial Modelling
7 5 (8.47%) Quantitative Finance
8 4 (6.78%) BDD
8 4 (6.78%) Data Analytics
9 3 (5.08%) Business Analysis
9 3 (5.08%) Data Management
9 3 (5.08%) Microservices
9 3 (5.08%) Project Management
9 3 (5.08%) Test Scripting
Programming Languages
1 19 (32.20%) Java
2 17 (28.81%) C#
2 17 (28.81%) SQL
3 8 (13.56%) Scala
4 6 (10.17%) Perl
5 5 (8.47%) C++
5 5 (8.47%) R
6 4 (6.78%) Python
7 3 (5.08%) JavaScript
8 2 (3.39%) VBA
9 1 (1.69%) VBScript
9 1 (1.69%) VC++
Qualifications
1 6 (10.17%) PhD
2 5 (8.47%) Degree
Quality Assurance & Compliance
1 5 (8.47%) 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 14 (23.73%) Oracle
2 6 (10.17%) TIBCO
3 5 (8.47%) ION Trading
3 5 (8.47%) Murex
3 5 (8.47%) Reuters
4 3 (5.08%) Fidessa
4 3 (5.08%) Microsoft
5 2 (3.39%) Bloomberg
5 2 (3.39%) Calypso
6 1 (1.69%) HP
6 1 (1.69%) Perforce
6 1 (1.69%) Sybase