The 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 7 July 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
7 Jul 2015
Same period 2014 Same period 2013
Exotic Derivatives
Rank - 595 573
Contract jobs citing Exotic Derivative 0 1 6
As % of all contract IT jobs located in the UK - 0.002% 0.012%
As % of the Miscellaneous category - 0.006% 0.036%
Number of daily rates quoted 0 1 5
Average daily rate
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- £500 £600
Average daily rate % change year-on-year
- -16.66%
UK excluding London average daily rate - - -
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
17261 16878 16717
As % of all contract IT jobs located in the UK 31.48% 31.90% 33.40%
Number of daily rates quoted 10795 10341 9863
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 £238 £245
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 637 637 740
Average hourly rate £19.00 £21.00 £22.50
Average hourly rate % change year-on-year
-9.52% -6.66%
90% offered a hourly rate of more than £12.25 £12.50 £12.50
10% offered a hourly rate of more than £46.50 £42.50 £43.00
UK excluding London average hourly rate £19.00 £22.50 £20.50
% change year-on-year
-15.55% +9.75%

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 in the UK

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 in the UK

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 in the UK