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 24 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
24 Jul 2014
Same period 2013 Same period 2012
Interest Rate Derivatives
Rank 551 462 468
Rank change year-on-year
-89 +6
Contract jobs citing Interest Rate Derivative 39 108 116
As % of all contract IT jobs located in the UK 0.071% 0.21% 0.20%
As % of the Miscellaneous category 0.28% 0.80% 0.82%
Number of daily rates quoted 32 93 98
Average daily rate
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£600 £525 £550
Average daily rate % change year-on-year
+14.28% -4.54%
90% offered a daily rate of more than £360 £500 £450
10% offered a daily rate of more than £700 £670 £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
13767 13528 14221
As % of all contract IT jobs located in the UK 25.17% 26.54% 24.58%
Number of daily rates quoted 8350 8160 8154
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 £337
% change year-on-year
- +4.01%
Number of hourly rates quoted 558 611 778
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 £12.60 £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 £20.50 £27.50
% change year-on-year
+2.43% -25.45%

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 24 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 3 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 24 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 -85 39 £600 +14.28% 9
London -64 38 £600 +14.28% 9
City of London -18 8 £550 - 3

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 24 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 81 (92.05%) Derivative
2 46 (52.27%) Front Office
3 37 (42.05%) Finance
4 35 (39.77%) Java
5 27 (30.68%) Scala
6 24 (27.27%) C++
6 24 (27.27%) Foreign Exchange (FX)
7 23 (26.14%) Banking
8 20 (22.73%) C#
9 19 (21.59%) UNIX
10 18 (20.45%) SQL
10 18 (20.45%) Multithreading
11 17 (19.32%) Linux
12 15 (17.05%) Fixed Income
13 14 (15.91%) Workflow
13 14 (15.91%) HTML
13 14 (15.91%) JavaScript
13 14 (15.91%) HTML5
13 14 (15.91%) AngularJS
14 13 (14.77%) Spring
15 12 (13.64%) Investment Banking
15 12 (13.64%) Mathematics
15 12 (13.64%) Risk Management
15 12 (13.64%) .NET
15 12 (13.64%) Low Latency
16 11 (12.50%) Business Analysis
17 10 (11.36%) Open Source
17 10 (11.36%) Computer Science
18 9 (10.23%) WPF
18 9 (10.23%) OO

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 24 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 (1.14%) Oracle Coherence
Applications
1 4 (4.55%) MS Excel
1 4 (4.55%) MS Visio
1 4 (4.55%) MS PowerPoint
2 1 (1.14%) MS Project
Business Applications
1 4 (4.55%) Remedy ITSM
2 2 (2.27%) Summit
2 2 (2.27%) Markit EDM
Database & Business Intelligence
1 5 (5.68%) SQL Server
2 4 (4.55%) Oracle Database 10g
2 4 (4.55%) Oracle Database
2 4 (4.55%) Relational Database
3 3 (3.41%) MS Access
4 2 (2.27%) Data Mart
4 2 (2.27%) SQL Server Integration Services
4 2 (2.27%) SQL Server Reporting Services
5 1 (1.14%) KDB
5 1 (1.14%) SQL Server 2008
5 1 (1.14%) Hazelcast
Development Applications
1 4 (4.55%) Visual Studio
1 4 (4.55%) Subversion
2 3 (3.41%) JUnit
3 2 (2.27%) Maven
3 2 (2.27%) Gradle
3 2 (2.27%) TeamCity
3 2 (2.27%) Team Foundation Server
4 1 (1.14%) jMock
4 1 (1.14%) Mockito
4 1 (1.14%) JIRA
General
1 46 (52.27%) Front Office
2 37 (42.05%) Finance
3 23 (26.14%) Banking
4 12 (13.64%) Investment Banking
5 9 (10.23%) Back Office
6 3 (3.41%) Retail
7 1 (1.14%) French Language
7 1 (1.14%) Retail Banking
7 1 (1.14%) Financial Institution
Job Titles
1 56 (63.64%) Developer
2 15 (17.05%) Analyst
3 14 (15.91%) Java Developer
3 14 (15.91%) Business Analyst
4 13 (14.77%) C# Developer
5 12 (13.64%) Front Office Developer
5 12 (13.64%) Scala Developer
6 10 (11.36%) Senior Developer
7 6 (6.82%) Senior C# Developer
8 5 (5.68%) .NET Developer
8 5 (5.68%) Project Manager
9 4 (4.55%) Service Manager
9 4 (4.55%) Senior .NET Developer
9 4 (4.55%) SQL Developer
9 4 (4.55%) Contracts Manager
9 4 (4.55%) Test Leader
10 3 (3.41%) C# .NET Developer
10 3 (3.41%) Python Developer
10 3 (3.41%) Investment Banking Business Analyst
11 2 (2.27%) Consultant
Libraries, Frameworks & Software Standards
1 14 (15.91%) HTML
1 14 (15.91%) HTML5
1 14 (15.91%) AngularJS
2 13 (14.77%) Spring
3 12 (13.64%) .NET
4 9 (10.23%) WPF
5 8 (9.09%) FpML
5 8 (9.09%) XML
6 5 (5.68%) WCF
7 4 (4.55%) XSLT
7 4 (4.55%) STL
7 4 (4.55%) Boost C++ Libraries
8 3 (3.41%) WinForms
9 2 (2.27%) ASP.NET
9 2 (2.27%) DOM
9 2 (2.27%) Middleware
9 2 (2.27%) MDX
9 2 (2.27%) Restlet
10 1 (1.14%) jQuery
10 1 (1.14%) Murex MxML
Miscellaneous
1 81 (92.05%) Derivative
2 24 (27.27%) Foreign Exchange (FX)
3 15 (17.05%) Fixed Income
4 12 (13.64%) Mathematics
5 10 (11.36%) Open Source
5 10 (11.36%) Computer Science
6 9 (10.23%) Credit Derivative
7 8 (9.09%) Grid Computing
8 6 (6.82%) Credit Risk
9 5 (5.68%) Swaptions
10 4 (4.55%) Equities
10 4 (4.55%) Equity Derivative
11 2 (2.27%) Client/Server
11 2 (2.27%) DTCC
11 2 (2.27%) Market Risk
11 2 (2.27%) Visualisation
12 1 (1.14%) Reference Data
12 1 (1.14%) Hedge funds
12 1 (1.14%) Hybrid Derivative
12 1 (1.14%) Statistics
Operating Systems
1 19 (21.59%) UNIX
2 17 (19.32%) Linux
3 5 (5.68%) Windows
4 1 (1.14%) Solaris
Processes & Methodologies
1 18 (20.45%) Multithreading
2 14 (15.91%) Workflow
3 12 (13.64%) Risk Management
3 12 (13.64%) Low Latency
4 11 (12.50%) Business Analysis
5 9 (10.23%) OO
6 7 (7.95%) TDD
7 6 (6.82%) Unit Testing
8 5 (5.68%) Portfolio Management
8 5 (5.68%) Asset Management
8 5 (5.68%) Data Modelling
8 5 (5.68%) ITIL
9 4 (4.55%) PRINCE2
9 4 (4.55%) Service Management
9 4 (4.55%) Service Delivery
9 4 (4.55%) Regression Testing
9 4 (4.55%) ITSM
9 4 (4.55%) Migration
9 4 (4.55%) Root Cause Analysis
9 4 (4.55%) Analytics
Programming Languages
1 35 (39.77%) Java
2 27 (30.68%) Scala
3 24 (27.27%) C++
4 20 (22.73%) C#
5 18 (20.45%) SQL
6 14 (15.91%) JavaScript
7 7 (7.95%) Python
8 5 (5.68%) C
9 4 (4.55%) VC++
10 3 (3.41%) VBA
11 2 (2.27%) VB
11 2 (2.27%) Perl
12 1 (1.14%) VB6
12 1 (1.14%) Shell Script
12 1 (1.14%) MATLAB
12 1 (1.14%) PL/SQL
Qualifications
1 7 (7.95%) Degree
2 2 (2.27%) MCSD
2 2 (2.27%) Microsoft Certification
2 2 (2.27%) MCSE
Quality Assurance & Compliance
1 5 (5.68%) EMIR
2 4 (4.55%) COBIT
3 3 (3.41%) Dodd-Frank
4 1 (1.14%) Basel III
Systems Management
1 1 (1.14%) HP Quality Center
Vendors
1 7 (7.95%) Microsoft
2 5 (5.68%) Murex
2 5 (5.68%) Oracle
3 4 (4.55%) BMC
3 4 (4.55%) Bloomberg
3 4 (4.55%) Remedy
3 4 (4.55%) Tradeweb
4 3 (3.41%) Sybase
5 2 (2.27%) TIBCO
5 2 (2.27%) Linedata
5 2 (2.27%) Infragistics
5 2 (2.27%) DataSynapse
5 2 (2.27%) BI-SAM
5 2 (2.27%) thinkFolio
5 2 (2.27%) DevExpress
6 1 (1.14%) ION Trading
6 1 (1.14%) Sun
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