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 5 February 2016 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
5 Feb 2016
Same period 2015 Same period 2014
Interest Rate Derivatives
Rank 594 567 537
Rank change year-on-year
-27 -30
Contract jobs citing Interest Rate Derivative 25 34 42
As % of all contract IT jobs located in the UK 0.049% 0.067% 0.086%
As % of the Miscellaneous category 0.15% 0.22% 0.27%
Number of daily rates quoted 24 30 35
Average daily rate £613 £600 £525
Average daily rate % change year-on-year
+2.08% +14.28%
90% offered a daily rate of more than £525 £450 £420
10% offered a daily rate of more than £885 £632 £690
UK excluding London average daily rate - - £450
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
16633 15745 15629
As % of all contract IT jobs located in the UK 32.34% 31.08% 32.18%
Number of daily rates quoted 10701 9800 9458
Average daily rate £425 £420 £405
Average daily rate % change year-on-year
+1.19% +3.70%
90% offered a daily rate of more than £250 £250 £230
10% offered a daily rate of more than £625 £600 £600
UK excluding London average daily rate £375 £373 £350
% change year-on-year
+0.67% +6.42%
Number of hourly rates quoted 677 666 650
Average hourly rate £22.00 £18.00 £19.00
Average hourly rate % change year-on-year
+22.22% -5.26%
90% offered a hourly rate of more than £12.50 £11.50 £11.51
10% offered a hourly rate of more than £52.63 £40.00 £42.50
UK excluding London average hourly rate £24.00 £17.50 £17.50
% change year-on-year
+37.14% -

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 5 February 2016.

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 3 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 5 February 2016. 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
England -9 25 £613 +2.08% 9
London -15 25 £613 +2.08% 9
City of London +38 10 £713 +18.75% 3

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 5 February 2016, 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 56 (69.14%) Front Office
2 54 (66.67%) Derivative
3 48 (59.26%) Banking
4 36 (44.44%) Finance
5 32 (39.51%) Investment Banking
6 31 (38.27%) Java
6 31 (38.27%) SQL
7 28 (34.57%) Fixed Income
8 25 (30.86%) Oracle
9 24 (29.63%) C++
10 23 (28.40%) C#
11 20 (24.69%) Oracle Coherence
12 18 (22.22%) SQL Server
12 18 (22.22%) Sybase
12 18 (22.22%) Multithreading
13 16 (19.75%) Financial Institution
14 15 (18.52%) Agile Software Development
14 15 (18.52%) Analytics
15 14 (17.28%) TDD
16 13 (16.05%) Unix
17 12 (14.81%) Linux
17 12 (14.81%) Electronic Trading
18 11 (13.58%) RESTful
18 11 (13.58%) Scala
18 11 (13.58%) JMS
18 11 (13.58%) Murex
18 11 (13.58%) VBA
18 11 (13.58%) Microsoft
18 11 (13.58%) Maven
19 10 (12.35%) Foreign Exchange (FX)

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 5 February 2016, 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 20 (24.69%) Oracle Coherence
2 5 (6.17%) Jetty
Applications
1 3 (3.70%) MS Excel
Business Applications
1 6 (7.41%) Summit
2 1 (1.23%) RMDS
Communications & Networking
1 4 (4.94%) HTTP
2 1 (1.23%) Intranet
Database & Business Intelligence
1 18 (22.22%) SQL Server
2 7 (8.64%) Oracle Database
3 6 (7.41%) SQL Server Integration Services
4 5 (6.17%) NoSQL
4 5 (6.17%) SQL Server 2008
5 4 (4.94%) SQL Server Reporting Services
6 3 (3.70%) SQL Server 2012
6 3 (3.70%) SQL Server 2014
7 2 (2.47%) MS Access
7 2 (2.47%) SQL Server 2005
7 2 (2.47%) SQL Server Analysis Services
8 1 (1.23%) Data Mart
8 1 (1.23%) Data Warehouse
8 1 (1.23%) OLTP
Development Applications
1 11 (13.58%) Maven
2 10 (12.35%) TeamCity
3 7 (8.64%) Git (software)
3 7 (8.64%) Subversion
4 3 (3.70%) Ant
4 3 (3.70%) Hudson
4 3 (3.70%) Jenkins
5 2 (2.47%) JIRA
General
1 56 (69.14%) Front Office
2 48 (59.26%) Banking
3 36 (44.44%) Finance
4 32 (39.51%) Investment Banking
5 16 (19.75%) Financial Institution
6 4 (4.94%) International Banking
7 2 (2.47%) Retail
8 1 (1.23%) Back Office
8 1 (1.23%) Marketing
Job Titles
1 58 (71.60%) Developer
2 28 (34.57%) Java Developer
3 17 (20.99%) Quantitative Developer
4 15 (18.52%) Front Office Developer
5 13 (16.05%) Analyst
6 11 (13.58%) C++ Developer
7 10 (12.35%) Business Analyst
7 10 (12.35%) Senior Developer
8 8 (9.88%) C# Developer
8 8 (9.88%) C++ Quantitative Developer
8 8 (9.88%) SQL Developer
9 7 (8.64%) Investment Banking Java Developer
9 7 (8.64%) Senior Java Developer
10 6 (7.41%) .NET Developer
10 6 (7.41%) C# .NET Developer
10 6 (7.41%) Project Manager
11 5 (6.17%) Murex Analyst
11 5 (6.17%) SQL Server Developer
12 3 (3.70%) Murex Business Analyst
12 3 (3.70%) Murex Project Manager
Libraries, Frameworks & Software Standards
1 11 (13.58%) JMS
1 11 (13.58%) RESTful
2 7 (8.64%) .NET
3 6 (7.41%) XML
4 5 (6.17%) Spring
5 4 (4.94%) Middleware
5 4 (4.94%) Web Services
5 4 (4.94%) WPF
6 2 (2.47%) Boost C++ Libraries
6 2 (2.47%) Murex MxML
6 2 (2.47%) STL
7 1 (1.23%) Gherkin
7 1 (1.23%) Silverlight
Miscellaneous
1 54 (66.67%) Derivative
2 28 (34.57%) Fixed Income
3 10 (12.35%) Foreign Exchange (FX)
4 8 (9.88%) Mathematics
5 7 (8.64%) Grid Computing
6 4 (4.94%) Credit Derivative
7 3 (3.70%) Equities
8 2 (2.47%) Market Risk
9 1 (1.23%) Analytical Skills
9 1 (1.23%) Equity Derivative
9 1 (1.23%) Physics
9 1 (1.23%) Swaptions
Operating Systems
1 13 (16.05%) Unix
2 12 (14.81%) Linux
3 5 (6.17%) Windows
4 1 (1.23%) Solaris
Processes & Methodologies
1 18 (22.22%) Multithreading
2 15 (18.52%) Agile Software Development
2 15 (18.52%) Analytics
3 14 (17.28%) TDD
4 12 (14.81%) Electronic Trading
5 9 (11.11%) Risk Management
6 6 (7.41%) Business Analysis
6 6 (7.41%) Technical Analysis
7 5 (6.17%) MVC
7 5 (6.17%) Technical Architecture
8 4 (4.94%) Asset Management
8 4 (4.94%) Data Modelling
8 4 (4.94%) Low Latency
8 4 (4.94%) Pair Programming
8 4 (4.94%) Project Management
9 3 (3.70%) Fund Management
9 3 (3.70%) RAD
9 3 (3.70%) Records Management
9 3 (3.70%) SQL Optimisation
9 3 (3.70%) Target Operating Model
Programming Languages
1 31 (38.27%) Java
1 31 (38.27%) SQL
2 24 (29.63%) C++
3 23 (28.40%) C#
4 11 (13.58%) Scala
4 11 (13.58%) VBA
5 3 (3.70%) Perl
5 3 (3.70%) Python
6 2 (2.47%) T-SQL
7 1 (1.23%) Shell Script
Qualifications
1 7 (8.64%) Degree
2 3 (3.70%) PhD
3 1 (1.23%) ISEB
3 1 (1.23%) ISEB Practitioner
Quality Assurance & Compliance
1 2 (2.47%) EMIR
2 1 (1.23%) Dodd-Frank
2 1 (1.23%) QA
System Software
1 2 (2.47%) Platform Symphony
Systems Management
1 1 (1.23%) HP Quality Center
Vendors
1 25 (30.86%) Oracle
2 18 (22.22%) Sybase
3 11 (13.58%) Microsoft
3 11 (13.58%) Murex
4 5 (6.17%) Calypso
4 5 (6.17%) Solace
4 5 (6.17%) TIBCO
5 4 (4.94%) Foundry
6 2 (2.47%) DataSynapse
7 1 (1.23%) HP
7 1 (1.23%) ION Trading
7 1 (1.23%) Sun
7 1 (1.23%) Thunderhead
London
TEKsystems
Rate: £650 - £850 per day
Posted: 3 days ago
London
TEKsystems
Rate: £700 - £800 per day
Posted: 3 days ago