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 28 July 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
28 Jul 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 554 554 477
Rank change year-on-year
0 -77
Contract jobs citing Interest Rate Derivative 57 39 108
As % of all contract IT jobs located in the UK 0.100% 0.071% 0.21%
As % of the Miscellaneous category 0.32% 0.22% 0.64%
Number of daily rates quoted 50 32 93
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£625 £600 £525
Average daily rate % change year-on-year
+4.16% +14.28%
90% offered a daily rate of more than £450 £360 £500
10% offered a daily rate of more than £653 £700 £670
UK excluding London average daily rate £600 - -
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
18080 17436 16925
As % of all contract IT jobs located in the UK 31.69% 31.87% 33.20%
Number of daily rates quoted 11387 10584 10034
Average daily rate £415 £400 £425
Average daily rate % change year-on-year
+3.75% -5.88%
90% offered a daily rate of more than £250 £238 £240
10% offered a daily rate of more than £608 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 691 668 744
Average hourly rate £19.69 £20.55 £22.00
Average hourly rate % change year-on-year
-4.17% -6.61%
90% offered a hourly rate of more than £12.25 £12.51 £12.50
10% offered a hourly rate of more than £47.83 £45.00 £42.50
UK excluding London average hourly rate £19.08 £21.63 £20.00
% change year-on-year
-11.76% +8.12%

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 28 July 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 28 July 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
England -8 57 £625 +4.16% 12
London +19 56 £625 +4.16% 12
City of London +11 28 £625 +13.63% 6
Leeds - 1 £600 -
West Yorkshire - 1 £600 -
Yorkshire - 1 £600 -

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 28 July 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 66 (65.35%) Derivative
2 61 (60.40%) Banking
3 60 (59.41%) Front Office
4 55 (54.46%) Investment Banking
5 46 (45.54%) Finance
6 45 (44.55%) Fixed Income
7 43 (42.57%) SQL
8 39 (38.61%) C#
9 33 (32.67%) Java
10 29 (28.71%) Foreign Exchange (FX)
11 28 (27.72%) Business Analysis
12 25 (24.75%) Scala
13 23 (22.77%) Oracle
14 22 (21.78%) .NET
15 21 (20.79%) SQL Server
15 21 (20.79%) Oracle Coherence
16 20 (19.80%) SQL Server 2008
17 19 (18.81%) Git (software)
17 19 (18.81%) Multithreading
17 19 (18.81%) VBA
17 19 (18.81%) JMS
18 18 (17.82%) Agile Software Development
19 17 (16.83%) Maven
19 17 (16.83%) Subversion
19 17 (16.83%) TeamCity
19 17 (16.83%) RESTful
19 17 (16.83%) Analytics
19 17 (16.83%) Oracle Database
20 16 (15.84%) Degree
20 16 (15.84%) C++

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 28 July 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 21 (20.79%) Oracle Coherence
2 1 (0.99%) MTS
Applications
1 15 (14.85%) MS Excel
2 1 (0.99%) MS Project
Database & Business Intelligence
1 21 (20.79%) SQL Server
2 20 (19.80%) SQL Server 2008
3 17 (16.83%) Oracle Database
4 14 (13.86%) SQL Server 2005
5 12 (11.88%) MS Access
6 6 (5.94%) SQL Server 2012
7 5 (4.95%) SQL Server Integration Services
7 5 (4.95%) SQL Server Reporting Services
8 3 (2.97%) Data Mart
9 2 (1.98%) Data Mining
9 2 (1.98%) BusinessObjects
10 1 (0.99%) Relational Database
10 1 (0.99%) SQL Server Analysis Services
10 1 (0.99%) Apache Cassandra
10 1 (0.99%) NoSQL
10 1 (0.99%) OLTP
10 1 (0.99%) Data Warehouse
10 1 (0.99%) OLAP
Development Applications
1 19 (18.81%) Git (software)
2 17 (16.83%) Subversion
2 17 (16.83%) Maven
2 17 (16.83%) TeamCity
3 2 (1.98%) JUnit
3 2 (1.98%) Eclipse
3 2 (1.98%) Gradle
4 1 (0.99%) Jenkins
4 1 (0.99%) Ant
General
1 61 (60.40%) Banking
2 60 (59.41%) Front Office
3 55 (54.46%) Investment Banking
4 46 (45.54%) Finance
5 11 (10.89%) Back Office
6 8 (7.92%) Financial Institution
7 1 (0.99%) French Language
7 1 (0.99%) Retail
Job Titles
1 66 (65.35%) Developer
2 25 (24.75%) Java Developer
3 22 (21.78%) Analyst
4 18 (17.82%) Business Analyst
5 11 (10.89%) Senior Developer
5 11 (10.89%) SQL Developer
6 10 (9.90%) SQL Server Developer
7 9 (8.91%) C++ Developer
8 8 (7.92%) C# Developer
9 6 (5.94%) Senior C++ Developer
9 6 (5.94%) Front Office Developer
10 5 (4.95%) Junior
10 5 (4.95%) WPF Developer
11 4 (3.96%) SQL Database Developer
11 4 (3.96%) Project Manager
11 4 (3.96%) Graduate
11 4 (3.96%) Quantitative Developer
11 4 (3.96%) Database Developer
12 3 (2.97%) Junior Developer
12 3 (2.97%) Risk Analyst
Libraries, Frameworks & Software Standards
1 22 (21.78%) .NET
2 19 (18.81%) JMS
3 17 (16.83%) RESTful
4 11 (10.89%) FpML
5 10 (9.90%) WPF
6 7 (6.93%) XML
7 6 (5.94%) STL
7 6 (5.94%) Boost C++ Libraries
8 3 (2.97%) HTML5
8 3 (2.97%) HTML
9 2 (1.98%) Middleware
9 2 (1.98%) Murex MxML
10 1 (0.99%) WinForms
10 1 (0.99%) Reactive Extensions
10 1 (0.99%) AngularJS
10 1 (0.99%) Rendezvous
10 1 (0.99%) ASP.NET
10 1 (0.99%) COM+
Miscellaneous
1 66 (65.35%) Derivative
2 45 (44.55%) Fixed Income
3 29 (28.71%) Foreign Exchange (FX)
4 15 (14.85%) Credit Derivative
5 13 (12.87%) Analytical Skills
6 9 (8.91%) Market Risk
6 9 (8.91%) Mathematics
7 6 (5.94%) Grid Computing
7 6 (5.94%) Equity Derivative
8 5 (4.95%) Hedge funds
9 3 (2.97%) Computer Science
10 2 (1.98%) Swaptions
10 2 (1.98%) Management Information System
10 2 (1.98%) DTCC
10 2 (1.98%) Reference Data
11 1 (0.99%) Visualisation
11 1 (0.99%) User Experience
11 1 (0.99%) Data Structures
11 1 (0.99%) Algorithms
11 1 (0.99%) Equities
Operating Systems
1 4 (3.96%) Linux
2 3 (2.97%) UNIX
2 3 (2.97%) Windows
Processes & Methodologies
1 28 (27.72%) Business Analysis
2 19 (18.81%) Multithreading
3 18 (17.82%) Agile Software Development
4 17 (16.83%) Analytics
5 13 (12.87%) RAD
6 10 (9.90%) Workflow
6 10 (9.90%) Technical Architecture
7 9 (8.91%) Risk Analysis
8 8 (7.92%) Data Management
9 7 (6.93%) Asset Management
10 6 (5.94%) Fund Management
10 6 (5.94%) Time Management
11 5 (4.95%) MVVM
11 5 (4.95%) Migration
12 4 (3.96%) Project Management
12 4 (3.96%) Functional Programming
12 4 (3.96%) SDLC
13 3 (2.97%) Data Virtualisation
13 3 (2.97%) Data Migration
13 3 (2.97%) Electronic Trading
Programming Languages
1 43 (42.57%) SQL
2 39 (38.61%) C#
3 33 (32.67%) Java
4 25 (24.75%) Scala
5 19 (18.81%) VBA
6 16 (15.84%) C++
7 14 (13.86%) T-SQL
8 7 (6.93%) Python
9 4 (3.96%) R
10 2 (1.98%) VB
11 1 (0.99%) MATLAB
11 1 (0.99%) Perl
11 1 (0.99%) APL
Qualifications
1 16 (15.84%) Degree
2 1 (0.99%) PhD
2 1 (0.99%) A+ Certification
Quality Assurance & Compliance
1 3 (2.97%) EMIR
2 2 (1.98%) Dodd-Frank
2 2 (1.98%) Data Quality
3 1 (0.99%) MiFID
Vendors
1 23 (22.77%) Oracle
2 9 (8.91%) Murex
2 9 (8.91%) Tradeweb
3 5 (4.95%) Sybase
4 2 (1.98%) MicroStrategy
5 1 (0.99%) TIBCO
5 1 (0.99%) Bloomberg
5 1 (0.99%) eSpeed
5 1 (0.99%) Perforce
5 1 (0.99%) Microsoft
5 1 (0.99%) Software AG
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