The 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 22 May 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
22 May 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 568 533 463
Rank change year-on-year
-35 -70
Contract jobs citing Interest Rate Derivative 39 49 86
As % of all contract IT jobs located in the UK 0.072% 0.093% 0.18%
As % of the Miscellaneous category 0.24% 0.30% 0.58%
Number of daily rates quoted 36 42 76
Average daily rate
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of your Daily Rate
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£569 £600 £550
Average daily rate % change year-on-year
-5.20% +9.09%
90% offered a daily rate of more than £375 £375 £500
10% offered a daily rate of more than £650 £700 £650
UK excluding London average daily rate £400 - -
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
16501 16144 14914
As % of all contract IT jobs located in the UK 30.46% 30.67% 31.64%
Number of daily rates quoted 10228 10089 8893
Average daily rate £415 £410 £425
Average daily rate % change year-on-year
+1.21% -3.52%
90% offered a daily rate of more than £250 £230 £243
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 660 645 613
Average hourly rate £18.70 £21.00 £22.50
Average hourly rate % change year-on-year
-10.95% -6.66%
90% offered a hourly rate of more than £11.50 £11.92 £12.50
10% offered a hourly rate of more than £45.00 £42.50 £45.00
UK excluding London average hourly rate £19.00 £22.50 £21.83
% change year-on-year
-15.55% +3.06%

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 22 May 2015.

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 22 May 2015. 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
(Use links below to see detailed
statistics and historical trends)
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
Live
Job
Vacancies
London -20 37 £575 -4.16% 9
England -38 37 £575 -4.16% 9
City of London +9 10 £620 +3.33% 6
Scotland - 2 £400 -
Canary Wharf - 2 £563 -
Glasgow - 2 £400 -

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 22 May 2015, 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 58 (76.32%) Derivative
2 45 (59.21%) Front Office
3 38 (50.00%) Banking
4 37 (48.68%) SQL
5 36 (47.37%) Foreign Exchange (FX)
6 35 (46.05%) Finance
6 35 (46.05%) Investment Banking
7 32 (42.11%) Fixed Income
8 29 (38.16%) C#
9 25 (32.89%) Credit Derivative
10 23 (30.26%) Business Analysis
11 17 (22.37%) Degree
12 16 (21.05%) Analytics
13 15 (19.74%) XML
14 14 (18.42%) Java
14 14 (18.42%) .NET
14 14 (18.42%) Murex
15 13 (17.11%) VBA
15 13 (17.11%) SQL Server
16 12 (15.79%) C++
16 12 (15.79%) FpML
16 12 (15.79%) Workflow
16 12 (15.79%) SQL Server 2008
17 11 (14.47%) Tradeweb
17 11 (14.47%) SQL Server 2005
17 11 (14.47%) MS Excel
17 11 (14.47%) Back Office
17 11 (14.47%) T-SQL
18 10 (13.16%) Oracle
18 10 (13.16%) Data Modelling

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 22 May 2015, 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 4 (5.26%) Oracle Coherence
2 1 (1.32%) MTS
Applications
1 11 (14.47%) MS Excel
2 1 (1.32%) MS Project
Database & Business Intelligence
1 13 (17.11%) SQL Server
2 12 (15.79%) SQL Server 2008
3 11 (14.47%) SQL Server 2005
4 9 (11.84%) MS Access
5 4 (5.26%) Oracle Database
6 3 (3.95%) SQL Server Integration Services
7 2 (2.63%) Data Mining
7 2 (2.63%) Data Mart
8 1 (1.32%) SQL Server 2012
8 1 (1.32%) Relational Database
8 1 (1.32%) SQL Server Reporting Services
Development Applications
1 5 (6.58%) Git (software)
2 4 (5.26%) Subversion
2 4 (5.26%) Maven
2 4 (5.26%) TeamCity
3 1 (1.32%) Gradle
3 1 (1.32%) JIRA
3 1 (1.32%) JUnit
3 1 (1.32%) Eclipse
General
1 45 (59.21%) Front Office
2 38 (50.00%) Banking
3 35 (46.05%) Finance
3 35 (46.05%) Investment Banking
4 11 (14.47%) Back Office
5 10 (13.16%) Financial Institution
6 1 (1.32%) Retail
6 1 (1.32%) French Language
Job Titles
1 37 (48.68%) Developer
2 20 (26.32%) Analyst
3 17 (22.37%) Business Analyst
4 10 (13.16%) Senior Developer
5 8 (10.53%) C++ Developer
6 7 (9.21%) C# Developer
6 7 (9.21%) Data Modeller
6 7 (9.21%) Java Developer
7 6 (7.89%) Senior C++ Developer
7 6 (7.89%) Front Office Developer
8 5 (6.58%) WPF Developer
8 5 (6.58%) Project Manager
9 4 (5.26%) Junior
9 4 (5.26%) Graduate
9 4 (5.26%) IT Business Analyst
9 4 (5.26%) SQL Developer
10 3 (3.95%) SQL Database Developer
10 3 (3.95%) Graduate Developer
10 3 (3.95%) Junior Developer
10 3 (3.95%) SQL Server Developer
Libraries, Frameworks & Software Standards
1 15 (19.74%) XML
2 14 (18.42%) .NET
3 12 (15.79%) FpML
4 8 (10.53%) WPF
5 6 (7.89%) STL
5 6 (7.89%) Boost C++ Libraries
6 4 (5.26%) JMS
6 4 (5.26%) Murex MxML
6 4 (5.26%) RESTful
7 1 (1.32%) Reactive Extensions
7 1 (1.32%) HTML5
7 1 (1.32%) HTML
7 1 (1.32%) COM+
7 1 (1.32%) Rendezvous
7 1 (1.32%) Middleware
Miscellaneous
1 58 (76.32%) Derivative
2 36 (47.37%) Foreign Exchange (FX)
3 32 (42.11%) Fixed Income
4 25 (32.89%) Credit Derivative
5 10 (13.16%) Equity Derivative
5 10 (13.16%) Analytical Skills
6 6 (7.89%) Grid Computing
6 6 (7.89%) Market Risk
7 5 (6.58%) Hedge funds
8 4 (5.26%) Mathematics
9 3 (3.95%) Computer Science
10 2 (2.63%) Swaptions
11 1 (1.32%) Visualisation
11 1 (1.32%) Data Structures
11 1 (1.32%) Algorithms
11 1 (1.32%) Economics
11 1 (1.32%) DTCC
Operating Systems
1 4 (5.26%) UNIX
2 2 (2.63%) Linux
3 1 (1.32%) Windows
Processes & Methodologies
1 23 (30.26%) Business Analysis
2 16 (21.05%) Analytics
3 12 (15.79%) Workflow
4 10 (13.16%) Data Modelling
4 10 (13.16%) UML
4 10 (13.16%) Data Architecture
5 9 (11.84%) Agile Software Development
6 8 (10.53%) RAD
6 8 (10.53%) Technical Architecture
6 8 (10.53%) Risk Analysis
7 6 (7.89%) Data Management
8 5 (6.58%) Multithreading
8 5 (6.58%) Time Management
9 4 (5.26%) Project Management
10 3 (3.95%) Functional Programming
10 3 (3.95%) Data Virtualisation
10 3 (3.95%) Requirements Analysis
10 3 (3.95%) Software Testing
10 3 (3.95%) OO
10 3 (3.95%) Validation
Programming Languages
1 37 (48.68%) SQL
2 29 (38.16%) C#
3 14 (18.42%) Java
4 13 (17.11%) VBA
5 12 (15.79%) C++
6 11 (14.47%) T-SQL
7 6 (7.89%) Python
7 6 (7.89%) Scala
8 4 (5.26%) R
9 2 (2.63%) VB
9 2 (2.63%) Perl
10 1 (1.32%) APL
10 1 (1.32%) MATLAB
Qualifications
1 17 (22.37%) Degree
2 1 (1.32%) ISEB Practitioner
2 1 (1.32%) ISEB
2 1 (1.32%) A+ Certification
2 1 (1.32%) PhD
Quality Assurance & Compliance
1 1 (1.32%) EMIR
1 1 (1.32%) Basel II
Systems Management
1 1 (1.32%) HP Quality Center
Vendors
1 14 (18.42%) Murex
2 11 (14.47%) Tradeweb
3 10 (13.16%) Oracle
4 7 (9.21%) Sybase
5 1 (1.32%) Microsoft
5 1 (1.32%) Calypso
5 1 (1.32%) HP
5 1 (1.32%) Software AG
5 1 (1.32%) eSpeed
5 1 (1.32%) TIBCO
5 1 (1.32%) Bloomberg
London
Optima Connections
Rate: From £400 to £500 per day
Posted: 2 days ago
City, London
TEKsystems
Rate: £650 - £700 per day
Posted: 2 days ago
City, London
McGregor Boyall
Rate: £600 - £650 per day
Posted: 3 days ago
City, London
TEKsystems
Rate: £550 - £650 per day
Posted: 4 days ago
London
TEKsystems
Posted: 4 days ago