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 29 September 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
29 Sep 2014
Same period 2013 Same period 2012
Interest Rate Derivatives
Rank 577 496 473
Rank change year-on-year
-81 -23
Contract jobs citing Interest Rate Derivative 42 107 130
As % of all contract IT jobs located in the UK 0.072% 0.20% 0.22%
As % of the Miscellaneous category 0.23% 0.65% 0.74%
Number of daily rates quoted 38 88 101
Average daily rate
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of your Daily Rate
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£600 £575 £575
Average daily rate % change year-on-year
+4.34% -
90% offered a daily rate of more than £450 £525 £450
10% offered a daily rate of more than £650 £650 £688
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
17884 16548 17495
As % of all contract IT jobs located in the UK 30.74% 31.35% 30.26%
Number of daily rates quoted 10948 10230 10187
Average daily rate £410 £413 £408
Average daily rate % change year-on-year
-0.60% +1.22%
90% offered a daily rate of more than £235 £243 £250
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £350 £350 £345
% change year-on-year
- +1.44%
Number of hourly rates quoted 733 662 884
Average hourly rate £18.00 £18.02 £25.00
Average hourly rate % change year-on-year
-0.08% -27.94%
90% offered a hourly rate of more than £11.50 £12.42 £12.00
10% offered a hourly rate of more than £43.00 £43.15 £45.00
UK excluding London average hourly rate £18.00 £17.50 £26.50
% change year-on-year
+2.85% -33.96%

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 29 September 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 29 September 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 -83 42 £600 +4.34% 6
London -55 41 £600 +4.34% 6
City of London -11 9 £550 -8.33% 4
Canary Wharf - - - -

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 29 September 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 85 (94.44%) Derivative
2 47 (52.22%) Finance
3 43 (47.78%) Front Office
3 43 (47.78%) C++
4 32 (35.56%) Java
5 31 (34.44%) Foreign Exchange (FX)
6 28 (31.11%) SQL
7 26 (28.89%) Fixed Income
8 24 (26.67%) Scala
9 23 (25.56%) C#
10 21 (23.33%) STL
10 21 (23.33%) XML
10 21 (23.33%) Boost C++ Libraries
11 19 (21.11%) Oracle
12 18 (20.00%) Windows
12 18 (20.00%) Grid Computing
12 18 (20.00%) Workflow
12 18 (20.00%) Risk Management
12 18 (20.00%) FpML
13 16 (17.78%) UNIX
13 16 (17.78%) Banking
14 15 (16.67%) Python
14 15 (16.67%) Multithreading
15 14 (15.56%) HTML5
15 14 (15.56%) AngularJS
15 14 (15.56%) Linux
15 14 (15.56%) JavaScript
15 14 (15.56%) HTML
15 14 (15.56%) Risk Analysis
16 13 (14.44%) .NET

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 29 September 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 (1.11%) Oracle Coherence
Applications
1 9 (10.00%) MS Excel
2 8 (8.89%) MS Project
3 7 (7.78%) Spreadsheet
4 2 (2.22%) MS Visio
4 2 (2.22%) MS PowerPoint
Business Applications
1 2 (2.22%) Summit
1 2 (2.22%) Markit EDM
Database & Business Intelligence
1 8 (8.89%) Oracle Database
2 7 (7.78%) Relational Database
2 7 (7.78%) Oracle Database 10g
3 4 (4.44%) SQL Server
4 2 (2.22%) SQL Server Integration Services
4 2 (2.22%) SQL Server Reporting Services
5 1 (1.11%) Hazelcast
5 1 (1.11%) Data Mart
5 1 (1.11%) Oracle Database 11g
5 1 (1.11%) Data Mining
Development Applications
1 8 (8.89%) Visual Studio
1 8 (8.89%) Subversion
2 2 (2.22%) JUnit
2 2 (2.22%) Maven
2 2 (2.22%) Gradle
2 2 (2.22%) TeamCity
2 2 (2.22%) Team Foundation Server
3 1 (1.11%) CppUnit
3 1 (1.11%) JIRA
General
1 47 (52.22%) Finance
2 43 (47.78%) Front Office
3 16 (17.78%) Banking
4 10 (11.11%) Investment Banking
5 9 (10.00%) Back Office
6 3 (3.33%) Retail
7 2 (2.22%) Financial Institution
8 1 (1.11%) Retail Banking
Job Titles
1 61 (67.78%) Developer
2 14 (15.56%) Analyst
3 12 (13.33%) Front Office Developer
3 12 (13.33%) Business Analyst
4 11 (12.22%) Java Developer
4 11 (12.22%) C++ Developer
5 10 (11.11%) Scala Developer
6 7 (7.78%) SQL Developer
7 6 (6.67%) Lead Developer
7 6 (6.67%) C# Developer
7 6 (6.67%) Technical Leader
7 6 (6.67%) Technical Developer
8 5 (5.56%) Python Developer
8 5 (5.56%) C++/C# Developer
8 5 (5.56%) Project Manager
9 4 (4.44%) Senior Developer
9 4 (4.44%) Test Leader
10 3 (3.33%) Investment Banking Business Analyst
11 2 (2.22%) Consultant
11 2 (2.22%) Murex Consultant
Libraries, Frameworks & Software Standards
1 21 (23.33%) STL
1 21 (23.33%) XML
1 21 (23.33%) Boost C++ Libraries
2 18 (20.00%) FpML
3 14 (15.56%) HTML5
3 14 (15.56%) AngularJS
3 14 (15.56%) HTML
4 13 (14.44%) .NET
5 12 (13.33%) Spring
6 7 (7.78%) XSLT
7 2 (2.22%) ASP.NET
7 2 (2.22%) DOM
7 2 (2.22%) Middleware
7 2 (2.22%) WinForms
7 2 (2.22%) WCF
7 2 (2.22%) WPF
7 2 (2.22%) MDX
7 2 (2.22%) Restlet
8 1 (1.11%) Murex MxML
Miscellaneous
1 85 (94.44%) Derivative
2 31 (34.44%) Foreign Exchange (FX)
3 26 (28.89%) Fixed Income
4 18 (20.00%) Grid Computing
5 11 (12.22%) Mathematics
5 11 (12.22%) Analytical Skills
6 10 (11.11%) Open Source
6 10 (11.11%) Computer Science
6 10 (11.11%) Credit Derivative
7 5 (5.56%) Swaptions
8 3 (3.33%) Equity Derivative
8 3 (3.33%) DTCC
9 2 (2.22%) Equities
9 2 (2.22%) Market Risk
9 2 (2.22%) Hedge funds
9 2 (2.22%) Visualisation
9 2 (2.22%) Reference Data
10 1 (1.11%) Statistics
10 1 (1.11%) Credit Risk
Operating Systems
1 18 (20.00%) Windows
2 16 (17.78%) UNIX
3 14 (15.56%) Linux
4 7 (7.78%) Windows 7
5 1 (1.11%) Windows Server 2008
5 1 (1.11%) Windows Server 2003
Processes & Methodologies
1 18 (20.00%) Workflow
1 18 (20.00%) Risk Management
2 15 (16.67%) Multithreading
3 14 (15.56%) Risk Analysis
4 10 (11.11%) Analytics
4 10 (11.11%) Low Latency
4 10 (11.11%) Unit Testing
4 10 (11.11%) Business Analysis
4 10 (11.11%) Agile Software Development
5 8 (8.89%) Regression Testing
6 7 (7.78%) Project Planning
7 6 (6.67%) Greeks
8 5 (5.56%) OO
9 4 (4.44%) Data Modelling
9 4 (4.44%) TDD
10 3 (3.33%) Migration
10 3 (3.33%) Data Management
10 3 (3.33%) Workflow Management
10 3 (3.33%) Asset Management
10 3 (3.33%) Data Analysis
Programming Languages
1 43 (47.78%) C++
2 32 (35.56%) Java
3 28 (31.11%) SQL
4 24 (26.67%) Scala
5 23 (25.56%) C#
6 15 (16.67%) Python
7 14 (15.56%) JavaScript
8 7 (7.78%) VC++
9 3 (3.33%) VBA
10 1 (1.11%) PowerShell
10 1 (1.11%) VB6
10 1 (1.11%) VB
10 1 (1.11%) Perl
Qualifications
1 10 (11.11%) Degree
2 2 (2.22%) MCSD
2 2 (2.22%) MCSE
2 2 (2.22%) Microsoft Certification
Quality Assurance & Compliance
1 3 (3.33%) EMIR
2 1 (1.11%) Data Quality
Systems Management
1 1 (1.11%) HP Quality Center
Vendors
1 19 (21.11%) Oracle
2 11 (12.22%) Microsoft
3 8 (8.89%) Murex
4 7 (7.78%) Tradeweb
5 4 (4.44%) DataSynapse
6 2 (2.22%) Bloomberg
6 2 (2.22%) Linedata
6 2 (2.22%) Infragistics
6 2 (2.22%) BI-SAM
6 2 (2.22%) DevExpress
7 1 (1.11%) MicroStrategy
7 1 (1.11%) Business Objects