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 31 July 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
31 Jul 2014
Same period 2013 Same period 2012
Interest Rate Derivatives
Rank 553 462 472
Rank change year-on-year
-91 +10
Contract jobs citing Interest Rate Derivative 41 108 112
As % of all contract IT jobs located in the UK 0.075% 0.21% 0.19%
As % of the Miscellaneous category 0.30% 0.81% 0.79%
Number of daily rates quoted 34 91 94
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£600 £550 £550
Average daily rate % change year-on-year
+9.09% -
90% offered a daily rate of more than £380 £500 £450
10% offered a daily rate of more than £700 £675 £750
UK excluding London average daily rate - - -
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
13803 13390 14249
As % of all contract IT jobs located in the UK 25.23% 26.19% 24.66%
Number of daily rates quoted 8349 8099 8176
Average daily rate £413 £425 £425
Average daily rate % change year-on-year
-2.94% -
90% offered a daily rate of more than £238 £235 £250
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 567 599 792
Average hourly rate £20.50 £22.00 £25.00
Average hourly rate % change year-on-year
-6.81% -12.00%
90% offered a hourly rate of more than £12.50 £12.42 £12.00
10% offered a hourly rate of more than £45.00 £42.50 £45.00
UK excluding London average hourly rate £21.00 £21.00 £25.73
% change year-on-year
- -18.38%

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 31 July 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 4 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 31 July 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
(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 -94 41 £600 +9.09% 8
London -48 40 £600 +9.09% 8
City of London -15 9 £575 -4.16% 4
Canary Wharf - - - -

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 31 July 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 82 (94.25%) Derivative
2 45 (51.72%) Front Office
3 40 (45.98%) Finance
4 37 (42.53%) Java
5 28 (32.18%) Scala
6 27 (31.03%) C++
7 23 (26.44%) Banking
8 22 (25.29%) Foreign Exchange (FX)
9 19 (21.84%) UNIX
9 19 (21.84%) Multithreading
10 18 (20.69%) C#
10 18 (20.69%) SQL
11 17 (19.54%) Linux
12 15 (17.24%) Workflow
12 15 (17.24%) Fixed Income
13 14 (16.09%) Spring
13 14 (16.09%) HTML
13 14 (16.09%) JavaScript
13 14 (16.09%) Risk Management
13 14 (16.09%) HTML5
13 14 (16.09%) AngularJS
14 13 (14.94%) Low Latency
14 13 (14.94%) Investment Banking
14 13 (14.94%) Mathematics
15 11 (12.64%) .NET
15 11 (12.64%) Computer Science
15 11 (12.64%) Open Source
16 10 (11.49%) Credit Derivative
16 10 (11.49%) FpML
16 10 (11.49%) Back Office

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 31 July 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 1 (1.15%) Oracle Coherence
Applications
1 4 (4.60%) MS Excel
1 4 (4.60%) MS Visio
1 4 (4.60%) MS PowerPoint
2 1 (1.15%) MS Project
Business Applications
1 4 (4.60%) Remedy ITSM
2 2 (2.30%) Markit EDM
3 1 (1.15%) Summit
Database & Business Intelligence
1 5 (5.75%) Oracle Database 10g
1 5 (5.75%) SQL Server
1 5 (5.75%) Oracle Database
1 5 (5.75%) Relational Database
2 3 (3.45%) MS Access
3 2 (2.30%) SQL Server Reporting Services
3 2 (2.30%) Data Mart
3 2 (2.30%) SQL Server Integration Services
4 1 (1.15%) KDB
4 1 (1.15%) SQL Server 2008
4 1 (1.15%) Hazelcast
Development Applications
1 5 (5.75%) Visual Studio
1 5 (5.75%) Subversion
2 3 (3.45%) JUnit
3 2 (2.30%) Gradle
3 2 (2.30%) TeamCity
3 2 (2.30%) Team Foundation Server
3 2 (2.30%) Maven
4 1 (1.15%) JIRA
4 1 (1.15%) jMock
4 1 (1.15%) Mockito
General
1 45 (51.72%) Front Office
2 40 (45.98%) Finance
3 23 (26.44%) Banking
4 13 (14.94%) Investment Banking
5 10 (11.49%) Back Office
6 3 (3.45%) Retail
7 1 (1.15%) Retail Banking
7 1 (1.15%) Financial Institution
Job Titles
1 58 (66.67%) Developer
2 15 (17.24%) Java Developer
3 13 (14.94%) Front Office Developer
3 13 (14.94%) Scala Developer
4 12 (13.79%) Analyst
4 12 (13.79%) C# Developer
5 11 (12.64%) Business Analyst
6 9 (10.34%) Senior Developer
7 5 (5.75%) Project Manager
7 5 (5.75%) SQL Developer
7 5 (5.75%) Senior C# Developer
8 4 (4.60%) Python Developer
8 4 (4.60%) Test Leader
8 4 (4.60%) Contracts Manager
8 4 (4.60%) Service Manager
8 4 (4.60%) .NET Developer
9 3 (3.45%) Investment Banking Business Analyst
9 3 (3.45%) Senior .NET Developer
10 2 (2.30%) C# .NET Developer
10 2 (2.30%) Murex Consultant
Libraries, Frameworks & Software Standards
1 14 (16.09%) HTML
1 14 (16.09%) Spring
1 14 (16.09%) HTML5
1 14 (16.09%) AngularJS
2 11 (12.64%) .NET
3 10 (11.49%) FpML
4 9 (10.34%) WPF
4 9 (10.34%) XML
5 5 (5.75%) XSLT
5 5 (5.75%) STL
5 5 (5.75%) WCF
5 5 (5.75%) Boost C++ Libraries
6 3 (3.45%) WinForms
7 2 (2.30%) MDX
7 2 (2.30%) Middleware
7 2 (2.30%) DOM
7 2 (2.30%) ASP.NET
7 2 (2.30%) Restlet
8 1 (1.15%) Murex MxML
8 1 (1.15%) ADO.NET Entity Framework
Miscellaneous
1 82 (94.25%) Derivative
2 22 (25.29%) Foreign Exchange (FX)
3 15 (17.24%) Fixed Income
4 13 (14.94%) Mathematics
5 11 (12.64%) Computer Science
5 11 (12.64%) Open Source
6 10 (11.49%) Credit Derivative
7 7 (8.05%) Grid Computing
8 5 (5.75%) Swaptions
8 5 (5.75%) Credit Risk
9 4 (4.60%) Equity Derivative
10 2 (2.30%) Equities
10 2 (2.30%) Market Risk
10 2 (2.30%) Client/Server
10 2 (2.30%) DTCC
10 2 (2.30%) Hedge funds
10 2 (2.30%) Visualisation
11 1 (1.15%) Applied Mathematics
11 1 (1.15%) Reference Data
11 1 (1.15%) Statistics
Operating Systems
1 19 (21.84%) UNIX
2 17 (19.54%) Linux
3 6 (6.90%) Windows
4 1 (1.15%) Solaris
Processes & Methodologies
1 19 (21.84%) Multithreading
2 15 (17.24%) Workflow
3 14 (16.09%) Risk Management
4 13 (14.94%) Low Latency
5 9 (10.34%) OO
5 9 (10.34%) Business Analysis
6 7 (8.05%) Unit Testing
6 7 (8.05%) TDD
7 5 (5.75%) Regression Testing
7 5 (5.75%) ITIL
8 4 (4.60%) PRINCE2
8 4 (4.60%) Service Management
8 4 (4.60%) Service Delivery
8 4 (4.60%) Data Modelling
8 4 (4.60%) ITSM
8 4 (4.60%) Analytics
8 4 (4.60%) Root Cause Analysis
8 4 (4.60%) Greeks
9 3 (3.45%) Portfolio Management
9 3 (3.45%) Asset Management
Programming Languages
1 37 (42.53%) Java
2 28 (32.18%) Scala
3 27 (31.03%) C++
4 18 (20.69%) C#
4 18 (20.69%) SQL
5 14 (16.09%) JavaScript
6 8 (9.20%) Python
7 5 (5.75%) VC++
7 5 (5.75%) C
8 3 (3.45%) VBA
9 2 (2.30%) VB
9 2 (2.30%) Perl
10 1 (1.15%) PL/SQL
10 1 (1.15%) Shell Script
10 1 (1.15%) MATLAB
10 1 (1.15%) VB6
Qualifications
1 7 (8.05%) Degree
2 2 (2.30%) MCSD
2 2 (2.30%) MCSE
2 2 (2.30%) Microsoft Certification
Quality Assurance & Compliance
1 5 (5.75%) EMIR
2 4 (4.60%) COBIT
3 3 (3.45%) Dodd-Frank
4 1 (1.15%) Basel III
Systems Management
1 1 (1.15%) HP Quality Center
Vendors
1 7 (8.05%) Microsoft
2 6 (6.90%) Oracle
2 6 (6.90%) Murex
3 5 (5.75%) Tradeweb
4 4 (4.60%) Remedy
4 4 (4.60%) BMC
5 3 (3.45%) Sybase
6 2 (2.30%) TIBCO
6 2 (2.30%) Bloomberg
6 2 (2.30%) Linedata
6 2 (2.30%) Infragistics
6 2 (2.30%) DevExpress
6 2 (2.30%) BI-SAM
6 2 (2.30%) DataSynapse
7 1 (1.15%) ION Trading
7 1 (1.15%) Sun
City of London
Huxley Associates
Rate: competitive
Posted: 6 days ago