The first table below looks at the prevalence of the term Exotic Derivative in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Exotic Derivative over the 3 months to 24 May 2013 with a comparison to the same period in the previous 2 years. The second 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.

Location
3 months to
24 May 2013
Same period 2012 Same period 2011
Exotic Derivatives
Rank 520 550 543
Rank change year-on-year
+30 -7
Contract jobs citing Exotic Derivative 9 34 41
As % of all contract IT jobs located in the UK 0.019% 0.058% 0.067%
As % of the Miscellaneous category 0.073% 0.238% 0.239%
Number of daily rates quoted 8 34 38
Average daily rate £558 £448 £500
Average daily rate % change year-on-year
+24.69% -10.50%
90% offered a daily rate of more than £556 £448 £468
10% offered a daily rate of more than £800 £596 £543
UK excluding London average daily rate - - £415
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All of the Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
12308 14298 17184
As % of all contract IT jobs located in the UK 26.53% 24.52% 28.15%
Number of daily rates quoted 7390 8376 10196
Average daily rate £425 £425 £525
Average daily rate % change year-on-year
- -19.04%
90% offered a daily rate of more than £245 £250 £275
10% offered a daily rate of more than £600 £600 £650
UK excluding London average daily rate £350 £345 £340
% change year-on-year
+1.44% +1.47%
Number of hourly rates quoted 536 662 725
Average hourly rate £22.50 £22.50 £23.36
Average hourly rate % change year-on-year
- -3.68%
90% offered a hourly rate of more than £12.50 £12.50 £11.25
10% offered a hourly rate of more than £44.15 £45.00 £42.10
UK excluding London average hourly rate £22.50 £22.50 £26.00
% change year-on-year
- -13.46%

Exotic Derivative
Jobs Demand Trend

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

Exotic Derivative Jobs Demand Trend

Exotic Derivative
Daily Rate Trend

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

Exotic Derivative Daily Rate Trend

Exotic Derivative
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Exotic Derivative within the UK over the 3 months to 24 May 2013.

Exotic Derivative Daily Rate Histogram

Exotic Derivative
Hourly Rate Trend

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

Exotic Derivative Hourly Rate Trend

Exotic 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 Exotic Derivative within the UK over the 3 months to 24 May 2013. 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 each for more statistics)
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 +21 9 £558 +24.69%
London +13 9 £558 +24.69%
City of London +15 1 £600 +20.00%

Exotic Derivative
Top 30 Related IT Skills

For the 6 months to 24 May 2013, IT contractor jobs within the UK citing Exotic 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 Exotic Derivative.

1 24 (100.00%) Derivative
2 21 (87.50%) Banking
2 21 (87.50%) Investment Banking
3 20 (83.33%) Finance
4 19 (79.17%) Front Office
4 19 (79.17%) Fixed Income
4 19 (79.17%) Risk Management
5 18 (75.00%) SQL
5 18 (75.00%) C#
5 18 (75.00%) Multithreading
6 17 (70.83%) SQL Server Analysis Services
6 17 (70.83%) Spreadsheet
6 17 (70.83%) Visualisation
6 17 (70.83%) Credit Derivative
6 17 (70.83%) Microsoft Analysis Services
6 17 (70.83%) SQL Server
6 17 (70.83%) Financial Institution
7 2 (8.333%) Java
7 2 (8.333%) Calypso
7 2 (8.333%) Back Office
7 2 (8.333%) Interest Rate Derivative
8 1 (4.167%) Computer Science
8 1 (4.167%) Credit Risk
8 1 (4.167%) User Acceptance Testing
8 1 (4.167%) Spring
8 1 (4.167%) Software Architecture
8 1 (4.167%) Performance Improvement
8 1 (4.167%) Data Mapping
8 1 (4.167%) Equities
8 1 (4.167%) Hibernate

Exotic Derivative
Top Related IT Skills by Category

For the 6 months to 24 May 2013, IT contractor jobs within the UK citing Exotic 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 Exotic Derivative. Up to 20 skills are shown per category.

Application Development
1 1 (4.167%) Spring
1 1 (4.167%) Hibernate
1 1 (4.167%) JDBC
1 1 (4.167%) XML
1 1 (4.167%) DOM
1 1 (4.167%) JAXB
Application Platforms
1 1 (4.167%) Apache
1 1 (4.167%) Tomcat
Applications
1 17 (70.83%) Spreadsheet
Database & Business Intelligence
1 17 (70.83%) SQL Server Analysis Services
1 17 (70.83%) Microsoft Analysis Services
1 17 (70.83%) SQL Server
General
1 21 (87.50%) Banking
1 21 (87.50%) Investment Banking
2 20 (83.33%) Finance
3 19 (79.17%) Front Office
4 17 (70.83%) Financial Institution
5 2 (8.333%) Back Office
Job Titles
1 18 (75.00%) Developer
2 17 (70.83%) C# Developer
3 4 (16.67%) Analyst
4 2 (8.333%) Project Manager
4 2 (8.333%) Business Analyst
4 2 (8.333%) Risk Analyst
5 1 (4.167%) Credit Risk Analyst
5 1 (4.167%) Risk Manager
5 1 (4.167%) Senior Java Developer
5 1 (4.167%) Senior Project Manager
5 1 (4.167%) Java Developer
5 1 (4.167%) Senior Manager
5 1 (4.167%) Senior Developer
Miscellaneous
1 24 (100.00%) Derivative
2 19 (79.17%) Fixed Income
3 17 (70.83%) Visualisation
3 17 (70.83%) Credit Derivative
4 2 (8.333%) Interest Rate Derivative
5 1 (4.167%) Computer Science
5 1 (4.167%) Credit Risk
5 1 (4.167%) Equities
5 1 (4.167%) Foreign Exchange (FX)
Operating Systems
1 1 (4.167%) Linux
Processes & Methodologies
1 19 (79.17%) Risk Management
2 18 (75.00%) Multithreading
3 1 (4.167%) User Acceptance Testing
3 1 (4.167%) Software Architecture
3 1 (4.167%) Performance Improvement
3 1 (4.167%) Data Mapping
3 1 (4.167%) Regression Testing
3 1 (4.167%) Project Management
Programming Languages
1 18 (75.00%) SQL
1 18 (75.00%) C#
2 2 (8.333%) Java
3 1 (4.167%) PL/SQL
Vendors
1 2 (8.333%) Calypso
City, London
FX Options Python Developer - Vice President - Investment Bank - Front Office - London. FX Options VP Python Developer required to join the FX Options team, to support all technology delivery.....
McGregor Boyall
Rate: £500 - £700 per day
Posted: 24 May 2013
City of London
The role focus will be around updating current methodology and reviewing implementation of the Wrong Way Risk framework for OTC Derivatives in relation to Counterparty Credit Risk.The...
Rate: Market - Please Quote
Posted: 3 May 2013