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 contractor rates offered in IT contracts that have cited Interest Rate Derivative over the 3 months to 22 January 2017 with a comparison to the same period over 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.

3 months to
22 Jan 2017
Same period 2016 Same period 2015
Interest Rate Derivatives
UK
Rank 559 588 583
Rank change year-on-year
+29 -5
Contract jobs citing Interest Rate Derivative 22 30 33
As % of all contract IT jobs located in the UK 0.050% 0.059% 0.065%
As % of the Miscellaneous category 0.15% 0.18% 0.21%
Number of daily rates quoted 9 27 32
Median daily rate £625 £625 £600
Median daily rate % change year-on-year
- +4.16%
90% offered a daily rate of more than £505 £535 £525
10% offered a daily rate of more than £650 £870 £650
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
14313 16654 15991
As % of all contract IT jobs located in the UK 32.49% 32.80% 31.51%
Number of daily rates quoted 9149 10570 10037
Median daily rate £438 £425 £418
Median daily rate % change year-on-year
+2.94% +1.79%
90% offered a daily rate of more than £250 £240 £240
10% offered a daily rate of more than £625 £620 £600
UK excluding London median daily rate £390 £375 £365
% change year-on-year
+4.00% +2.73%
Number of hourly rates quoted 531 705 655
Median hourly rate £21.04 £21.50 £17.55
Median hourly rate % change year-on-year
-2.16% +22.50%
90% offered a hourly rate of more than £11.33 £12.50 £11.50
10% offered a hourly rate of more than £49.00 £50.99 £40.00
UK excluding London median hourly rate £19.30 £21.50 £17.50
% change year-on-year
-10.22% +22.85%

Interest Rate Derivative
Jobs Demand Trend

The demand trend of contract jobs citing Interest Rate Derivative as a proportion of all IT contracts with a match in 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 22 January 2017.

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 median contractor rates quoted in IT jobs citing Interest Rate Derivative within the UK over the 3 months to 22 January 2017. 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 Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +29 22 £625 - 7
London -1 22 £625 - 7
Canary Wharf - 3 £650 -
City of London -15 2 £588 -12.96% 5

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 22 January 2017, IT contractor jobs citing Interest Rate Derivative also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Interest Rate Derivative.

1 26 (78.79%) Derivative
2 22 (66.67%) Front Office
3 21 (63.64%) Fixed Income
4 16 (48.48%) Finance
4 16 (48.48%) SQL
5 13 (39.39%) Foreign Exchange (FX)
6 10 (30.30%) Murex
6 10 (30.30%) Unix
7 9 (27.27%) Java
8 8 (24.24%) Perl
8 8 (24.24%) Agile Software Development
8 8 (24.24%) Scala
9 7 (21.21%) Akka
9 7 (21.21%) Murex MxML
9 7 (21.21%) Kafka
9 7 (21.21%) Data Mart
9 7 (21.21%) Equities
9 7 (21.21%) Back Office
9 7 (21.21%) Sybase
10 6 (18.18%) MiFID
10 6 (18.18%) Big Data
10 6 (18.18%) Test Automation
11 5 (15.15%) EMIR
11 5 (15.15%) Dodd-Frank
11 5 (15.15%) HDFS
11 5 (15.15%) Apache Spark
11 5 (15.15%) Spark SQL
11 5 (15.15%) BDD
11 5 (15.15%) MapReduce
11 5 (15.15%) HBase

Interest Rate Derivative
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 5 (15.15%) Apache
1 5 (15.15%) Apache Spark
1 5 (15.15%) Oracle Coherence
Business Applications
1 1 (3.03%) Bloomberg TOMS
Database & Business Intelligence
1 7 (21.21%) Data Mart
2 6 (18.18%) Big Data
3 5 (15.15%) Apache Cassandra
3 5 (15.15%) Hadoop
3 5 (15.15%) HBase
3 5 (15.15%) MongoDB
3 5 (15.15%) NoSQL
3 5 (15.15%) Spark SQL
4 1 (3.03%) BusinessObjects
4 1 (3.03%) Data Warehouse
4 1 (3.03%) SQL Server
4 1 (3.03%) SQL Server 2008
Development Applications
1 5 (15.15%) Git (software)
1 5 (15.15%) Maven
2 1 (3.03%) JIRA
General
1 22 (66.67%) Front Office
2 16 (48.48%) Finance
3 7 (21.21%) Back Office
4 5 (15.15%) Banking
5 3 (9.09%) Investment Banking
6 2 (6.06%) Legal
6 2 (6.06%) Retail
7 1 (3.03%) Corporate Banking
7 1 (3.03%) Financial Institution
7 1 (3.03%) Spanish Language
Job Titles
1 16 (48.48%) Analyst
2 11 (33.33%) Developer
3 8 (24.24%) FX Support Analyst
3 8 (24.24%) Java Developer
3 8 (24.24%) Java Scala Developer
3 8 (24.24%) Scala Developer
3 8 (24.24%) Support Analyst
4 7 (21.21%) Business Analyst
4 7 (21.21%) Murex Analyst
4 7 (21.21%) Murex Support
4 7 (21.21%) Murex Support Analyst
5 6 (18.18%) MiFID Business Analyst
6 5 (15.15%) Apache Spark Developer
6 5 (15.15%) Big Data Developer
6 5 (15.15%) Senior Big Data Developer
6 5 (15.15%) Senior Developer
6 5 (15.15%) Senior Java Developer
6 5 (15.15%) Senior Java Scala Developer
6 5 (15.15%) Senior Scala Developer
7 2 (6.06%) C# Developer
Libraries, Frameworks & Software Standards
1 7 (21.21%) Akka
1 7 (21.21%) Kafka
1 7 (21.21%) Murex MxML
2 5 (15.15%) JMS
3 2 (6.06%) HTML
3 2 (6.06%) HTML5
3 2 (6.06%) Middleware
4 1 (3.03%) .NET
4 1 (3.03%) FIX Protocol
4 1 (3.03%) WPF
Miscellaneous
1 26 (78.79%) Derivative
2 21 (63.64%) Fixed Income
3 13 (39.39%) Foreign Exchange (FX)
4 7 (21.21%) Equities
5 5 (15.15%) Swaptions
6 4 (12.12%) Credit Derivative
7 3 (9.09%) Grid Computing
8 2 (6.06%) Analytical Skills
8 2 (6.06%) Data Structures
8 2 (6.06%) Equity Derivative
9 1 (3.03%) Management Information System
9 1 (3.03%) Market Risk
9 1 (3.03%) OTC Derivatives
9 1 (3.03%) Virtual Team
Operating Systems
1 10 (30.30%) Unix
2 5 (15.15%) Linux
Processes & Methodologies
1 8 (24.24%) Agile Software Development
2 6 (18.18%) Test Automation
3 5 (15.15%) BDD
3 5 (15.15%) MapReduce
3 5 (15.15%) Scrum
3 5 (15.15%) TDD
4 3 (9.09%) Change Management
4 3 (9.09%) Multithreading
5 2 (6.06%) Analytics
5 2 (6.06%) Business Analysis
5 2 (6.06%) Data Ingestion
5 2 (6.06%) Multithreaded Programming
5 2 (6.06%) Test Scripting
6 1 (3.03%) Data Analytics
6 1 (3.03%) ETL Development
6 1 (3.03%) Functional Testing
6 1 (3.03%) QA Automation
6 1 (3.03%) Stakeholder Engagement
6 1 (3.03%) User Stories
6 1 (3.03%) Waterfall
Programming Languages
1 16 (48.48%) SQL
2 9 (27.27%) Java
3 8 (24.24%) Perl
3 8 (24.24%) Scala
4 2 (6.06%) C#
5 1 (3.03%) C++
5 1 (3.03%) JavaScript
5 1 (3.03%) PL/SQL
5 1 (3.03%) Python
5 1 (3.03%) VBA
5 1 (3.03%) VBScript
Quality Assurance & Compliance
1 6 (18.18%) MiFID
2 5 (15.15%) Dodd-Frank
2 5 (15.15%) EMIR
3 2 (6.06%) QA
System Software
1 5 (15.15%) Apache ZooKeeper
1 5 (15.15%) HDFS
Systems Management
1 3 (9.09%) HP Quality Center
Vendors
1 10 (30.30%) Murex
2 7 (21.21%) Sybase
3 2 (6.06%) HP
4 1 (3.03%) Bloomberg
4 1 (3.03%) Calypso
4 1 (3.03%) Fidessa
4 1 (3.03%) Informatica
4 1 (3.03%) ION Trading
4 1 (3.03%) Oracle