Derivative Contracts

The first part of the table below looks at the prevalence of the term Derivative in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Derivative over the 3 months to 16 May 2012 with a comparison to the same period in the previous 2 years. The second part of the table is for comparison and provides aggregates for all terms in our Miscellaneous category.

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.

Derivatives
Location Belfast Berkshire Bournemouth Canary Wharf City of London County Antrim Docklands, London Dorset Edinburgh England Glasgow Hampshire Liverpool London Manchester Merseyside Midlands North West Northern Ireland Redhill Scotland Somerset South East South West Street Surrey Swindon UK West Midlands West Yorkshire Wiltshire Windsor Yorkshire	3 months to 16 May 2012	Same period 2011	Same period 2010
Rank	91	34	21
Rank change year-on-year	-57 -13
Matching contract IT job ads	1147	2771	3205
As % of all contract IT jobs located in the UK	1.938 %	4.516 %	5.821 %
As % of the Miscellaneous category	8.205 %	16.46 %	20.24 %
Number of daily rates quoted	849	2164	2231
Average daily rate	£550	£573	£550
Average daily rate % change year-on-year	-3.93 % +4.09 %
90% of contracts offered a daily rate of more than	£400	£456	£450
10% of contracts offered a daily rate of more than	£655	£675	£650
UK excluding London average daily rate	£400	£400	£363
% change year-on-year	- +10.34 %
Number of hourly rates quoted	9	2	1
Average hourly rate	£25.00	£51.25	£190.00
Average hourly rate % change year-on-year	-51.21 % -73.02 %
UK excluding London average hourly rate	£25.00	-	£190.00
All Miscellaneous Category UK
Contract IT job ads with a match in the Miscellaneous category	13980	16830	15833
As % of all contract IT jobs located in the UK	23.62 %	27.43 %	28.76 %
Number of daily rates quoted	8259	10002	8854
Average daily rate	£435	£525	£500
Average daily rate % change year-on-year	-17.14 % +5.00 %
90% of contracts offered a daily rate of more than	£250	£285	£263
10% of contracts offered a daily rate of more than	£604	£650	£650
UK excluding London average daily rate	£345	£338	£315
% change year-on-year	+2.22 % +7.14 %
Number of hourly rates quoted	657	720	644
Average hourly rate	£22.50	£22.63	£21.00
Average hourly rate % change year-on-year	-0.55 % +7.73 %
90% of contracts offered a hourly rate of more than	£12.50	£11.37	£11.50
10% of contracts offered a hourly rate of more than	£45.00	£40.00	£40.00
UK excluding London average hourly rate	£24.50	£25.83	£20.00
% change year-on-year	-5.14 % +29.15 %

Derivative
Demand Trend

The chart provides the 3-month moving total of IT contractor jobs citing Derivative within the UK as a proportion of the total demand within the Miscellaneous category.

Derivative
Daily Rate Trend

The chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Derivative within the UK.

Derivative
Daily Rate Histogram

The chart provides a histogram of daily rates quoted in contract IT jobs citing Derivative within the UK over the 3 months to 16 May 2012.

Derivative
Hourly Rate Trend

The chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Derivative within the UK.

Derivative
Hourly Rate Histogram

The chart provides a histogram of hourly rates quoted in contract IT jobs citing Derivative within the UK over the 3 months to 16 May 2012.

Derivative
Top 30 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Derivative within the UK over the 3 months to 16 May 2012. 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	Average Daily Rate Last 3 Months	Average Daily Rate % Change on Same Period Last Year
England	-59	1112	£550	-4.34 %
London	-23	1081	£550	-4.34 %
City of London	-17	387	£550	-4.34 %
Canary Wharf	-7	56	£550	-8.33 %
Docklands, London	-1	20	£475	-13.63 %
Scotland	+6	18	£450	+25.00 %
Northern Ireland	-	14	£400	-
County Antrim	-	13	£400	-
Belfast	-	13	£400	-
South West	-22	12	£550	+37.50 %
South East	+2	10	£240	-38.06 %
North West	+4	8	-	-
Wiltshire	+1	7	£565	-
Swindon	-2	7	£565	-
Edinburgh	+9	6	£450	+38.46 %
Glasgow	+2	5	-	-
Manchester	-14	5	-	-
Berkshire	-	4	-	-
Hampshire	+1	3	-	-
Somerset	-	3	-	-
Windsor	-	3	-	-
Liverpool	-	3	-	-
Street	-	3	-	-
Merseyside	-	3	-	-
Surrey	+2	2	£240	-60.00 %
West Yorkshire	-	2	£250	-
Yorkshire	-	2	£250	-
Redhill	-	2	£240	-
Bournemouth	-4	1	-	-
Dorset	-4	1	-	-

Derivative
Top 30 Related IT Skills

For the 6 months to 16 May 2012, IT contractor jobs within the UK citing 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 Derivative.

Derivative
Top Related IT Skills by Category

For the 6 months to 16 May 2012, IT contractor jobs within the UK citing 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 Derivative. Up to 20 skills are shown per category.

Application Development 1 254 (11.62 %) .NET 2 157 (7.182 %) Spring 3 137 (6.267 %) WPF 4 134 (6.130 %) XML 5 95 (4.346 %) Web Services 6 89 (4.071 %) JMS 7 66 (3.019 %) J2EE 8 60 (2.745 %) J2SE 9 55 (2.516 %) Middleware 9 55 (2.516 %) Hibernate 10 51 (2.333 %) WCF 10 51 (2.333 %) WinForms 11 48 (2.196 %) Murex MxML 12 44 (2.013 %) FIX Protocol 13 30 (1.372 %) XSLT 13 30 (1.372 %) FIXML 14 27 (1.235 %) MDX 15 25 (1.144 %) .NET Framework 16 23 (1.052 %) Spring Integration 16 23 (1.052 %) STL	Application Platforms 1 35 (1.601 %) Oracle Coherence 2 29 (1.327 %) Rendezvous 3 23 (1.052 %) WebLogic 4 21 (0.961 %) Tomcat 5 18 (0.823 %) Apache 5 18 (0.823 %) Liferay 6 14 (0.640 %) MSMQ 7 13 (0.595 %) TIBCO EMS 8 11 (0.503 %) MQSeries 9 10 (0.457 %) Oracle Workflow 9 10 (0.457 %) SharePoint 10 9 (0.412 %) WebSphere MQ 11 7 (0.320 %) Progress Apama 11 7 (0.320 %) WebLogic Portal 11 7 (0.320 %) CMS 12 6 (0.274 %) SAS 12 6 (0.274 %) WebSphere Portal 13 5 (0.229 %) Oracle Service Bus 13 5 (0.229 %) ESB 13 5 (0.229 %) Oracle HTTP Server
Applications 1 127 (5.810 %) MS Excel 2 52 (2.379 %) Spreadsheet 3 40 (1.830 %) MS Visio 4 34 (1.555 %) MS Project 5 23 (1.052 %) MS PowerPoint 6 18 (0.823 %) MS Office 7 7 (0.320 %) MATLAB 8 5 (0.229 %) S-PLUS 8 5 (0.229 %) Stata 9 2 (0.091 %) Acrobat	Business Applications 1 38 (1.738 %) Endur 2 20 (0.915 %) Summit 3 16 (0.732 %) SunGard Stream Clearvision 4 13 (0.595 %) Aligne 5 12 (0.549 %) ZaiNet 6 10 (0.457 %) Sophis RISQUE 7 8 (0.366 %) Global One 7 8 (0.366 %) SunGard Martini 8 7 (0.320 %) Autonomy Scrittura 9 6 (0.274 %) LatentZero 9 6 (0.274 %) ION MarketView 10 5 (0.229 %) Rolfe and Nolan 11 4 (0.183 %) Oracle EBS 11 4 (0.183 %) Algo Collateral 11 4 (0.183 %) SunGard Stream Ubix 12 3 (0.137 %) Kondor+ 12 3 (0.137 %) Beauchamp 12 3 (0.137 %) Eagle PACE 12 3 (0.137 %) Oracle Financials 13 2 (0.091 %) Tesseract
Communications & Networking 1 9 (0.412 %) SAN 2 8 (0.366 %) LDAP 3 7 (0.320 %) HTTP 4 5 (0.229 %) LAN 5 4 (0.183 %) TCP/IP 6 3 (0.137 %) 4G 6 3 (0.137 %) NAS 6 3 (0.137 %) NetScaler 6 3 (0.137 %) Wireless 6 3 (0.137 %) Firewall 7 2 (0.091 %) SSH 7 2 (0.091 %) WAN 7 2 (0.091 %) Bluetooth 7 2 (0.091 %) Internet 8 1 (0.046 %) HTTPS 8 1 (0.046 %) Intrusion Detection	Database & Business Intelligence 1 232 (10.61 %) SQL Server 2 54 (2.470 %) RDBMS 3 40 (1.830 %) Data Warehouse 4 36 (1.647 %) Microsoft Analysis Services 5 34 (1.555 %) SQL Server Analysis Services 6 30 (1.372 %) SQL Server 2005 7 26 (1.189 %) OLAP 7 26 (1.189 %) MS Access 7 26 (1.189 %) SQL Server 2008 8 25 (1.144 %) DB2 9 24 (1.098 %) Oracle 10g 9 24 (1.098 %) Oracle 11g 10 22 (1.006 %) SQL Server Integration Services 11 21 (0.961 %) Sybase ASE 11 21 (0.961 %) SQL Server Reporting Services 12 20 (0.915 %) Sybase IQ 12 20 (0.915 %) Oracle Reports 13 18 (0.823 %) Oracle OLAP 14 17 (0.778 %) ETL 15 16 (0.732 %) Oracle 8/8i
Development Applications 1 65 (2.973 %) JUnit 2 59 (2.699 %) TeamCity 3 49 (2.242 %) Maven 4 36 (1.647 %) Subversion 5 31 (1.418 %) Visual Studio 6 25 (1.144 %) Ant 6 25 (1.144 %) CruiseControl 7 21 (0.961 %) JIRA 7 21 (0.961 %) Oracle Forms 8 20 (0.915 %) NUnit 9 15 (0.686 %) Team Foundation Server 10 11 (0.503 %) jMock 10 11 (0.503 %) ClearCase 11 10 (0.457 %) QuickTest Pro 12 9 (0.412 %) JBehave 13 8 (0.366 %) TestDirector 14 5 (0.229 %) Selenium 14 5 (0.229 %) Atlassian Bamboo 14 5 (0.229 %) RequisitePro 15 4 (0.183 %) Rational Rose	General 1 962 (44.01 %) Finance 2 865 (39.57 %) Banking 3 727 (33.26 %) Front Office 4 571 (26.12 %) Investment Banking 5 192 (8.783 %) Back Office 6 89 (4.071 %) Financial Institution 7 27 (1.235 %) Legal 8 15 (0.686 %) French Language 9 11 (0.503 %) Retail 10 10 (0.457 %) General Ledger 11 8 (0.366 %) Law 12 7 (0.320 %) Publishing 13 4 (0.183 %) Marketing 13 4 (0.183 %) Wholesale Banking 13 4 (0.183 %) German Language 14 3 (0.137 %) Spanish Language 14 3 (0.137 %) Dutch Language 15 2 (0.091 %) Games 15 2 (0.091 %) Retail Banking 16 1 (0.046 %) Corporate Banking
Job Titles 1 845 (38.66 %) Analyst 2 824 (37.69 %) Developer 3 597 (27.31 %) Business Analyst 4 319 (14.59 %) Java Developer 5 213 (9.744 %) C# Developer 6 148 (6.770 %) Project Manager 7 134 (6.130 %) Senior Developer 8 108 (4.941 %) Support Analyst 9 102 (4.666 %) Senior Analyst 10 88 (4.026 %) Senior Java Developer 11 83 (3.797 %) C++ Developer 12 71 (3.248 %) Senior Business Analyst 13 70 (3.202 %) Test Analyst 14 68 (3.111 %) Banking Business Analyst 15 65 (2.973 %) Investment Banking Business Analyst 16 63 (2.882 %) Applications Support 17 57 (2.608 %) Architect 18 53 (2.425 %) Risk Analyst 19 48 (2.196 %) .NET Developer 19 48 (2.196 %) SQL Developer	Miscellaneous 1 518 (23.70 %) Fixed Income 2 490 (22.42 %) Foreign Exchange (FX) 3 317 (14.50 %) Equity Derivative 4 315 (14.41 %) Equities 5 305 (13.95 %) Interest Rate Derivative 6 209 (9.561 %) Credit Derivative 7 161 (7.365 %) Credit Risk 8 106 (4.849 %) Market Risk 9 91 (4.163 %) Hedge funds 10 73 (3.339 %) Mathematics 11 49 (2.242 %) Contract for Difference 12 45 (2.059 %) Reference Data 13 41 (1.876 %) Exotic Derivative 14 40 (1.830 %) Computer Science 15 38 (1.738 %) Grid Computing 16 24 (1.098 %) N-Tier 17 23 (1.052 %) Statistics 17 23 (1.052 %) SWIFT 18 20 (0.915 %) Physics 19 18 (0.823 %) PMI
Operating Systems 1 255 (11.67 %) UNIX 2 218 (9.973 %) Linux 3 131 (5.993 %) Windows 4 35 (1.601 %) Solaris 5 19 (0.869 %) Red Hat Enterprise Linux 6 13 (0.595 %) Windows XP 7 12 (0.549 %) Windows 7 8 10 (0.457 %) Oracle Linux 9 8 (0.366 %) Windows Server 2008 9 8 (0.366 %) CentOS 10 7 (0.320 %) Windows Server 2003 11 5 (0.229 %) Debian 12 4 (0.183 %) VMS 12 4 (0.183 %) Windows NT 13 1 (0.046 %) Ubuntu 13 1 (0.046 %) OpenVMS 13 1 (0.046 %) AIX 13 1 (0.046 %) Windows 2000	Processes & Methodologies 1 255 (11.67 %) Business Analysis 2 248 (11.34 %) Risk Management 3 193 (8.829 %) Multithreading 4 177 (8.097 %) Project Management 5 169 (7.731 %) OO 6 144 (6.587 %) TDD 7 118 (5.398 %) Asset Management 8 110 (5.032 %) User Acceptance Testing 9 105 (4.803 %) Agile Software Development 10 78 (3.568 %) Workflow 11 69 (3.156 %) Electronic Trading 12 67 (3.065 %) Investment Management 12 67 (3.065 %) ITIL 13 63 (2.882 %) Migration 14 53 (2.425 %) RAD 15 52 (2.379 %) Change Management 15 52 (2.379 %) Data Modelling 16 50 (2.287 %) PRINCE2 16 50 (2.287 %) Test Scripting 17 49 (2.242 %) UML
Programming Languages 1 614 (28.09 %) SQL 2 530 (24.25 %) Java 3 375 (17.15 %) C# 4 309 (14.14 %) C++ 5 162 (7.411 %) VBA 6 124 (5.672 %) Python 7 123 (5.627 %) Perl 8 87 (3.980 %) VB 9 72 (3.294 %) Scala 10 55 (2.516 %) C 11 48 (2.196 %) Shell Script 12 47 (2.150 %) PL/SQL 13 24 (1.098 %) VB.NET 14 23 (1.052 %) T-SQL 15 16 (0.732 %) VC++ 16 15 (0.686 %) Ruby 17 11 (0.503 %) Korn 18 9 (0.412 %) R 18 9 (0.412 %) JavaScript 18 9 (0.412 %) VBScript	Qualifications 1 115 (5.261 %) Degree 2 30 (1.372 %) PMI Certification 3 17 (0.778 %) ISEB 4 15 (0.686 %) CFA 5 13 (0.595 %) RHCE 6 12 (0.549 %) PMP 6 12 (0.549 %) PhD 7 8 (0.366 %) CIMA 7 8 (0.366 %) ACCA 7 8 (0.366 %) SC Cleared 7 8 (0.366 %) Security Cleared 8 7 (0.320 %) MBA 9 3 (0.137 %) PRINCE2 Practitioner 9 3 (0.137 %) Citrix Certification 9 3 (0.137 %) CCEA 9 3 (0.137 %) Microsoft Certification 9 3 (0.137 %) MCSE 9 3 (0.137 %) RHCA 10 2 (0.091 %) RHCT 10 2 (0.091 %) PRINCE2 Certification
Quality Assurance & Compliance 1 96 (4.392 %) QA 2 30 (1.372 %) Basel III 3 18 (0.823 %) ISO 9001 4 13 (0.595 %) Basel II 5 8 (0.366 %) MiFID 6 5 (0.229 %) SLA 7 4 (0.183 %) Solvency II 7 4 (0.183 %) Data Quality 8 3 (0.137 %) Sarbanes-Oxley 9 2 (0.091 %) JTAG 10 1 (0.046 %) GAAP	System Software 1 18 (0.823 %) VMware Infrastructure 2 14 (0.640 %) OpenSSO 3 4 (0.183 %) Veritas Cluster Server 4 3 (0.137 %) XenApp 4 3 (0.137 %) XenDesktop 4 3 (0.137 %) vSphere 4 3 (0.137 %) Active Directory 4 3 (0.137 %) VMware ESX 5 1 (0.046 %) Oracle RAC 5 1 (0.046 %) Orbix 5 1 (0.046 %) Tivoli Workload Scheduler 5 1 (0.046 %) Oracle RMAN
Systems Management 1 21 (0.961 %) Nagios 2 20 (0.915 %) HP Quality Center 3 13 (0.595 %) Control-M 4 4 (0.183 %) NetBackup 5 3 (0.137 %) Puppet 5 3 (0.137 %) Red Hat Spacewalk 6 2 (0.091 %) Oracle Enterprise Manager 6 2 (0.091 %) Tivoli 6 2 (0.091 %) Data Guard 6 2 (0.091 %) Red Hat Satellite 7 1 (0.046 %) vCenter 7 1 (0.046 %) BladeLogic 7 1 (0.046 %) SCCM 7 1 (0.046 %) MOM 7 1 (0.046 %) BMC PATROL	Vendors 1 287 (13.13 %) Oracle 2 172 (7.868 %) Sybase 3 125 (5.718 %) Murex 4 84 (3.843 %) Microsoft 5 64 (2.928 %) TIBCO 6 55 (2.516 %) Calypso 7 53 (2.425 %) Sophis 8 51 (2.333 %) OpenLink 9 45 (2.059 %) Bloomberg 10 36 (1.647 %) SunGard 11 34 (1.555 %) DataSynapse 12 29 (1.327 %) Reuters 13 28 (1.281 %) Charles River 14 26 (1.189 %) Business Objects 15 24 (1.098 %) HP 16 22 (1.006 %) VMware 17 21 (0.961 %) thinkFolio 18 20 (0.915 %) Red Hat 19 19 (0.869 %) Trayport 19 19 (0.869 %) ION Trading