The first table below looks at the prevalence of the term Interest Rate Derivative in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Interest Rate Derivative over the 3 months to 18 April 2014 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
18 Apr 2014
Same period 2013 Same period 2012
Interest Rate Derivatives
Rank 540 450 427
Rank change year-on-year
-90 -23
Contract jobs citing Interest Rate Derivative 47 94 163
As % of all contract IT jobs located in the UK 0.083% 0.20% 0.27%
As % of the Miscellaneous category 0.33% 0.77% 1.09%
Number of daily rates quoted 35 85 155
Average daily rate £600 £550 £600
Average daily rate % change year-on-year
+9.09% -8.33%
90% offered a daily rate of more than £405 £500 £550
10% offered a daily rate of more than £700 £650 £665
UK excluding London average daily rate £450 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
14311 12220 14892
As % of all contract IT jobs located in the UK 25.42% 25.61% 24.56%
Number of daily rates quoted 8841 7349 8662
Average daily rate £415 £425 £425
Average daily rate % change year-on-year
-2.35% -
90% offered a daily rate of more than £225 £240 £250
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £345 £340 £350
% change year-on-year
+1.47% -2.85%
Number of hourly rates quoted 568 621 771
Average hourly rate £20.00 £21.50 £25.00
Average hourly rate % change year-on-year
-6.97% -14.00%
90% offered a hourly rate of more than £11.50 £12.00 £12.00
10% offered a hourly rate of more than £41.00 £42.50 £45.00
UK excluding London average hourly rate £17.50 £21.00 £25.00
% change year-on-year
-16.66% -16.00%

Interest Rate Derivative
Jobs Demand Trend

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

Interest Rate Derivative Jobs Demand Trend in the UK

Interest Rate Derivative
Daily Rate Trend

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

Interest Rate Derivative Daily Rate Trend in the UK

Interest Rate Derivative
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Interest Rate Derivative within the UK over the 3 months to 18 April 2014.

Interest Rate Derivative Daily Rate Histogram in the UK

Interest Rate Derivative
Hourly Rate Trend

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

Interest Rate Derivative Hourly Rate Trend in the UK

Interest Rate Derivative
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Interest Rate Derivative within the UK over the 3 months to 18 April 2014. 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
Find
Job
Vacancies
London -71 46 £600 +9.09% 14
England -135 46 £600 +9.09% 15
City of London -9 17 £600 +5.72% 7
South East - - - - 1
Oxford - - - - 1
Oxfordshire - - - - 1

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 18 April 2014, IT contractor jobs within the UK citing Interest Rate 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 Interest Rate Derivative.

1 91 (94.79%) Derivative
2 62 (64.58%) Front Office
3 39 (40.63%) Banking
4 34 (35.42%) SQL
5 31 (32.29%) C#
6 30 (31.25%) Finance
7 29 (30.21%) Fixed Income
7 29 (30.21%) C++
8 28 (29.17%) Foreign Exchange (FX)
9 27 (28.13%) Windows
10 24 (25.00%) Investment Banking
11 23 (23.96%) UNIX
11 23 (23.96%) Oracle
12 21 (21.88%) Java
12 21 (21.88%) Python
13 17 (17.71%) Grid Computing
14 16 (16.67%) Linux
15 15 (15.63%) .NET
15 15 (15.63%) Multithreading
15 15 (15.63%) Scala
16 13 (13.54%) MS Excel
17 12 (12.50%) DataSynapse
18 11 (11.46%) Spring
18 11 (11.46%) XML
18 11 (11.46%) Microsoft
18 11 (11.46%) Analytics
19 10 (10.42%) Risk Analysis
19 10 (10.42%) Murex
19 10 (10.42%) Business Analysis
20 9 (9.38%) Degree

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 18 April 2014, IT contractor jobs within the UK citing Interest Rate 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 Interest Rate Derivative. Up to 20 skills are shown per category.

Application Platforms
1 5 (5.21%) Oracle Coherence
Applications
1 13 (13.54%) MS Excel
2 4 (4.17%) MS Visio
2 4 (4.17%) MS PowerPoint
3 3 (3.13%) MS Office
4 2 (2.08%) Spreadsheet
Business Applications
1 4 (4.17%) Remedy ITSM
2 3 (3.13%) Summit
3 2 (2.08%) Markit EDM
Database & Business Intelligence
1 8 (8.33%) Oracle Database
2 4 (4.17%) SQL Server
2 4 (4.17%) Data Mart
3 3 (3.13%) MS Access
4 1 (1.04%) KDB
4 1 (1.04%) SQL Server 2008
4 1 (1.04%) DB2
Development Applications
1 1 (1.04%) jMock
1 1 (1.04%) Mockito
1 1 (1.04%) JUnit
General
1 62 (64.58%) Front Office
2 39 (40.63%) Banking
3 30 (31.25%) Finance
4 24 (25.00%) Investment Banking
5 8 (8.33%) Back Office
6 2 (2.08%) French Language
7 1 (1.04%) Retail
7 1 (1.04%) Retail Banking
Job Titles
1 60 (62.50%) Developer
2 24 (25.00%) Analyst
3 19 (19.79%) C# Developer
4 18 (18.75%) C++ Developer
5 14 (14.58%) Business Analyst
5 14 (14.58%) Java Developer
6 9 (9.38%) Murex Developer
7 8 (8.33%) Senior Developer
8 7 (7.29%) Scala Developer
9 6 (6.25%) Support Analyst
9 6 (6.25%) Applications Support
9 6 (6.25%) Senior C# Developer
9 6 (6.25%) Applications Support Analyst
10 5 (5.21%) C++/C# Developer
10 5 (5.21%) Front-End Developer
10 5 (5.21%) Service Manager
10 5 (5.21%) Front Office Developer
11 4 (4.17%) Project Manager
11 4 (4.17%) Data Mart Developer
11 4 (4.17%) Contracts Manager
Libraries, Frameworks & Software Standards
1 15 (15.63%) .NET
2 11 (11.46%) Spring
2 11 (11.46%) XML
3 7 (7.29%) WPF
4 6 (6.25%) HTML
4 6 (6.25%) STL
4 6 (6.25%) Boost C++ Libraries
4 6 (6.25%) HTML5
4 6 (6.25%) AngularJS
5 5 (5.21%) Middleware
5 5 (5.21%) JMS
6 3 (3.13%) WCF
7 2 (2.08%) Murex MxML
8 1 (1.04%) jQuery
8 1 (1.04%) ADO.NET Entity Framework
8 1 (1.04%) WinForms
8 1 (1.04%) .NET Framework
8 1 (1.04%) Rendezvous
8 1 (1.04%) DOM
Miscellaneous
1 91 (94.79%) Derivative
2 29 (30.21%) Fixed Income
3 28 (29.17%) Foreign Exchange (FX)
4 17 (17.71%) Grid Computing
5 7 (7.29%) Mathematics
5 7 (7.29%) Credit Derivative
6 6 (6.25%) Credit Risk
7 5 (5.21%) Market Risk
7 5 (5.21%) Open Source
7 5 (5.21%) Computer Science
8 4 (4.17%) Equity Derivative
8 4 (4.17%) Equities
9 2 (2.08%) Client/Server
10 1 (1.04%) Applied Mathematics
10 1 (1.04%) Statistics
10 1 (1.04%) Hybrid Derivative
10 1 (1.04%) Management Information System
Operating Systems
1 27 (28.13%) Windows
2 23 (23.96%) UNIX
3 16 (16.67%) Linux
4 8 (8.33%) Solaris
5 6 (6.25%) Windows XP
Processes & Methodologies
1 15 (15.63%) Multithreading
2 11 (11.46%) Analytics
3 10 (10.42%) Risk Analysis
3 10 (10.42%) Business Analysis
4 8 (8.33%) Agile Software Development
4 8 (8.33%) Risk Management
5 7 (7.29%) Low Latency
5 7 (7.29%) Electronic Trading
6 6 (6.25%) Portfolio Management
7 5 (5.21%) Stakeholder Management
7 5 (5.21%) Service Delivery
7 5 (5.21%) OO
7 5 (5.21%) ITIL
8 4 (4.17%) PRINCE2
8 4 (4.17%) ITSM
8 4 (4.17%) Asset Management
8 4 (4.17%) Data Management
8 4 (4.17%) Service Management
8 4 (4.17%) Use Case
8 4 (4.17%) Fund Management
Programming Languages
1 34 (35.42%) SQL
2 31 (32.29%) C#
3 29 (30.21%) C++
4 21 (21.88%) Java
4 21 (21.88%) Python
5 15 (15.63%) Scala
6 9 (9.38%) Perl
6 9 (9.38%) PL/SQL
7 7 (7.29%) C
8 6 (6.25%) JavaScript
9 4 (4.17%) VBA
10 3 (3.13%) VC++
11 1 (1.04%) Ruby
11 1 (1.04%) Shell Script
11 1 (1.04%) MATLAB
11 1 (1.04%) VB
Qualifications
1 9 (9.38%) Degree
Quality Assurance & Compliance
1 4 (4.17%) COBIT
1 4 (4.17%) EMIR
1 4 (4.17%) Dodd-Frank
2 1 (1.04%) Basel III
2 1 (1.04%) QA
Vendors
1 23 (23.96%) Oracle
2 12 (12.50%) DataSynapse
3 11 (11.46%) Microsoft
4 10 (10.42%) Murex
5 4 (4.17%) Sybase
5 4 (4.17%) Bloomberg
5 4 (4.17%) Remedy
5 4 (4.17%) Sun
5 4 (4.17%) BMC
6 2 (2.08%) Linedata
6 2 (2.08%) TIBCO
6 2 (2.08%) ION Trading
6 2 (2.08%) thinkFolio
6 2 (2.08%) BI-SAM
7 1 (1.04%) Quark
City, London
McGregor Boyall
Rate: £200 - £250 per day
Posted: 2 days ago
London
Radley James Ltd
Posted: 2 days ago
London
Harvey Nash plc
Rate: £650 - £700 per annum
Posted: 2 days ago
London
Harvey Nash plc
Rate: £600 - £700 per annum
Posted: 2 days ago
City of London
Nicoll Curtin
Rate: £700 - £750 per day
Posted: 9 days ago
City of London
Nicoll Curtin
Rate: £600 - £700 per day
Posted: 9 days ago