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 19 December 2014 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
19 Dec 2014
Same period 2013 Same period 2012
Interest Rate Derivatives
Rank 560 524 455
Rank change year-on-year
-36 -69
Contract jobs citing Interest Rate Derivative 35 58 102
As % of all contract IT jobs located in the UK 0.063% 0.11% 0.21%
As % of the Miscellaneous category 0.21% 0.36% 0.69%
Number of daily rates quoted 34 50 94
Average daily rate
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£600 £563 £600
Average daily rate % change year-on-year
+6.66% -6.25%
90% offered a daily rate of more than £525 £400 £450
10% offered a daily rate of more than £650 £705 £693
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
16672 16035 14712
As % of all contract IT jobs located in the UK 30.22% 31.07% 29.64%
Number of daily rates quoted 10749 9939 8668
Average daily rate £415 £400 £400
Average daily rate % change year-on-year
+3.75% -
90% offered a daily rate of more than £242 £230 £230
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £370 £350 £340
% change year-on-year
+5.71% +2.94%
Number of hourly rates quoted 634 688 837
Average hourly rate £17.00 £20.50 £20.00
Average hourly rate % change year-on-year
-17.07% +2.50%
90% offered a hourly rate of more than £11.00 £11.50 £11.80
10% offered a hourly rate of more than £42.50 £41.50 £42.50
UK excluding London average hourly rate £17.00 £19.00 £20.00
% change year-on-year
-10.52% -5.00%

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 19 December 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 19 December 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
London -8 35 £600 +6.66% 1
England -53 35 £600 +6.66% 1
City of London -4 12 £605 +0.83%
Docklands, London - - - -

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 19 December 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 75 (98.68%) Derivative
2 46 (60.53%) Finance
3 40 (52.63%) Front Office
4 35 (46.05%) SQL
5 34 (44.74%) XML
5 34 (44.74%) Fixed Income
6 33 (43.42%) C++
7 30 (39.47%) Foreign Exchange (FX)
8 27 (35.53%) Analytics
9 26 (34.21%) Boost C++ Libraries
9 26 (34.21%) STL
10 24 (31.58%) C#
10 24 (31.58%) Oracle
11 23 (30.26%) Banking
12 22 (28.95%) Credit Derivative
12 22 (28.95%) Windows
13 20 (26.32%) Investment Banking
14 19 (25.00%) Risk Analysis
14 19 (25.00%) Grid Computing
15 17 (22.37%) .NET
16 16 (21.05%) Python
16 16 (21.05%) Murex
16 16 (21.05%) FpML
16 16 (21.05%) Agile Software Development
17 13 (17.11%) Equity Derivative
17 13 (17.11%) Microsoft
17 13 (17.11%) MS Excel
17 13 (17.11%) MS Project
18 12 (15.79%) Data Modelling
18 12 (15.79%) Project Planning

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 19 December 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.

Applications
1 13 (17.11%) MS Excel
1 13 (17.11%) MS Project
2 12 (15.79%) Spreadsheet
3 1 (1.32%) MS PowerPoint
3 1 (1.32%) MS Visio
Business Applications
1 1 (1.32%) Summit
Database & Business Intelligence
1 8 (10.53%) Oracle Database
2 7 (9.21%) Relational Database
2 7 (9.21%) Oracle Database 10g
3 2 (2.63%) SQL Server
4 1 (1.32%) Oracle Database 11g
4 1 (1.32%) Data Mining
Development Applications
1 8 (10.53%) Visual Studio
1 8 (10.53%) Subversion
2 6 (7.89%) JIRA
3 1 (1.32%) CppUnit
General
1 46 (60.53%) Finance
2 40 (52.63%) Front Office
3 23 (30.26%) Banking
4 20 (26.32%) Investment Banking
5 9 (11.84%) Financial Institution
6 6 (7.89%) Back Office
Job Titles
1 36 (47.37%) Developer
2 18 (23.68%) Analyst
3 11 (14.47%) Technical Developer
3 11 (14.47%) Technical Leader
3 11 (14.47%) Business Analyst
3 11 (14.47%) Lead Developer
4 10 (13.16%) C++ Developer
4 10 (13.16%) Data Modeller
5 7 (9.21%) C# Developer
5 7 (9.21%) SQL Developer
6 6 (7.89%) Murex Analyst
7 5 (6.58%) Murex Support Analyst
7 5 (6.58%) C++/C# Developer
7 5 (6.58%) Contracts Manager
7 5 (6.58%) Murex Support
7 5 (6.58%) Support Analyst
7 5 (6.58%) Test Manager
8 3 (3.95%) Python Developer
8 3 (3.95%) Data Architect
8 3 (3.95%) Architect
Libraries, Frameworks & Software Standards
1 34 (44.74%) XML
2 26 (34.21%) Boost C++ Libraries
2 26 (34.21%) STL
3 17 (22.37%) .NET
4 16 (21.05%) FpML
5 7 (9.21%) XSLT
6 5 (6.58%) Murex MxML
7 1 (1.32%) Spring
Miscellaneous
1 75 (98.68%) Derivative
2 34 (44.74%) Fixed Income
3 30 (39.47%) Foreign Exchange (FX)
4 22 (28.95%) Credit Derivative
5 19 (25.00%) Grid Computing
6 13 (17.11%) Equity Derivative
7 2 (2.63%) Reference Data
7 2 (2.63%) DTCC
7 2 (2.63%) Analytical Skills
7 2 (2.63%) Hedge funds
8 1 (1.32%) Open Source
8 1 (1.32%) Market Risk
8 1 (1.32%) Mathematics
8 1 (1.32%) Computer Science
8 1 (1.32%) Credit Risk
Operating Systems
1 22 (28.95%) Windows
2 12 (15.79%) Windows 7
3 5 (6.58%) UNIX
4 1 (1.32%) Windows Server 2008
4 1 (1.32%) Windows Server 2003
Processes & Methodologies
1 27 (35.53%) Analytics
2 19 (25.00%) Risk Analysis
3 16 (21.05%) Agile Software Development
4 12 (15.79%) Data Modelling
4 12 (15.79%) Project Planning
5 11 (14.47%) UML
6 10 (13.16%) Risk Management
6 10 (13.16%) Data Architecture
7 8 (10.53%) Regression Testing
7 8 (10.53%) Workflow
7 8 (10.53%) Unit Testing
7 8 (10.53%) Business Analysis
8 5 (6.58%) Software Testing
8 5 (6.58%) Test Management
9 4 (5.26%) Data Analysis
10 2 (2.63%) Project Management
10 2 (2.63%) OO
10 2 (2.63%) Multithreading
10 2 (2.63%) Greeks
10 2 (2.63%) Logical Data Model
Programming Languages
1 35 (46.05%) SQL
2 33 (43.42%) C++
3 24 (31.58%) C#
4 16 (21.05%) Python
5 7 (9.21%) VC++
6 6 (7.89%) Perl
7 4 (5.26%) VBA
8 3 (3.95%) Java
9 1 (1.32%) PowerShell
9 1 (1.32%) Scala
9 1 (1.32%) VB6
9 1 (1.32%) VB
Qualifications
1 5 (6.58%) ISEB Practitioner
1 5 (6.58%) ISEB
2 4 (5.26%) Degree
Quality Assurance & Compliance
1 2 (2.63%) EMIR
2 1 (1.32%) Data Quality
Systems Management
1 5 (6.58%) HP Quality Center
Vendors
1 24 (31.58%) Oracle
2 16 (21.05%) Murex
3 13 (17.11%) Microsoft
4 6 (7.89%) Tradeweb
5 5 (6.58%) Sybase
5 5 (6.58%) Calypso
5 5 (6.58%) HP
6 2 (2.63%) DataSynapse
7 1 (1.32%) MicroStrategy
7 1 (1.32%) Business Objects
7 1 (1.32%) TIBCO