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 6 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
6 Jul 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 562 545 465
Rank change year-on-year
-17 -80
Contract jobs citing Interest Rate Derivative 47 46 90
As % of all contract IT jobs located in the UK 0.086% 0.087% 0.18%
As % of the Miscellaneous category 0.27% 0.27% 0.55%
Number of daily rates quoted 43 39 80
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 £430 £500
10% offered a daily rate of more than £650 £700 £658
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
17249 16891 16442
As % of all contract IT jobs located in the UK 31.43% 31.92% 33.39%
Number of daily rates quoted 10764 10362 9696
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 £600 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 640 640 726
Average hourly rate £19.00 £21.00 £22.50
Average hourly rate % change year-on-year
-9.52% -6.66%
90% offered a hourly rate of more than £12.28 £12.50 £12.50
10% offered a hourly rate of more than £46.50 £42.50 £43.00
UK excluding London average hourly rate £19.00 £22.50 £20.50
% change year-on-year
-15.55% +9.75%

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 6 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 7 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 6 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 -11 47 £625 +4.16% 6
London +4 46 £625 +4.16% 6
City of London +5 17 £650 +8.33% 3
Leeds - 1 £600 -
West Yorkshire - 1 £600 -
Yorkshire - 1 £600 -
Canary Wharf - 1 £600 -

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 6 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 68 (71.58%) Derivative
2 58 (61.05%) Front Office
3 51 (53.68%) Banking
4 45 (47.37%) Investment Banking
5 44 (46.32%) Finance
6 42 (44.21%) Fixed Income
7 41 (43.16%) SQL
8 35 (36.84%) C#
9 30 (31.58%) Foreign Exchange (FX)
10 28 (29.47%) Java
10 28 (29.47%) Business Analysis
11 20 (21.05%) .NET
11 20 (21.05%) Scala
12 18 (18.95%) Oracle
12 18 (18.95%) SQL Server
13 17 (17.89%) Credit Derivative
13 17 (17.89%) Degree
13 17 (17.89%) SQL Server 2008
14 16 (16.84%) Oracle Coherence
15 15 (15.79%) Analytics
16 14 (14.74%) Git (software)
16 14 (14.74%) Agile Software Development
16 14 (14.74%) C++
16 14 (14.74%) VBA
16 14 (14.74%) JMS
17 13 (13.68%) RAD
17 13 (13.68%) Murex
17 13 (13.68%) FpML
17 13 (13.68%) Back Office
17 13 (13.68%) Multithreading

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 6 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 16 (16.84%) Oracle Coherence
2 1 (1.05%) MTS
Applications
1 12 (12.63%) MS Excel
2 1 (1.05%) MS Project
Database & Business Intelligence
1 18 (18.95%) SQL Server
2 17 (17.89%) SQL Server 2008
3 12 (12.63%) Oracle Database
4 11 (11.58%) SQL Server 2005
5 9 (9.47%) MS Access
6 6 (6.32%) SQL Server 2012
7 4 (4.21%) SQL Server Reporting Services
8 3 (3.16%) SQL Server Integration Services
9 2 (2.11%) Data Mart
9 2 (2.11%) Data Mining
10 1 (1.05%) OLAP
10 1 (1.05%) Relational Database
10 1 (1.05%) Apache Cassandra
10 1 (1.05%) NoSQL
Development Applications
1 14 (14.74%) Git (software)
2 12 (12.63%) Subversion
2 12 (12.63%) Maven
2 12 (12.63%) TeamCity
3 2 (2.11%) JUnit
3 2 (2.11%) Eclipse
3 2 (2.11%) Gradle
4 1 (1.05%) Jenkins
4 1 (1.05%) Ant
General
1 58 (61.05%) Front Office
2 51 (53.68%) Banking
3 45 (47.37%) Investment Banking
4 44 (46.32%) Finance
5 13 (13.68%) Back Office
6 9 (9.47%) Financial Institution
7 1 (1.05%) French Language
7 1 (1.05%) Retail
Job Titles
1 56 (58.95%) Developer
2 23 (24.21%) Analyst
3 20 (21.05%) Business Analyst
4 19 (20.00%) Java Developer
5 11 (11.58%) Senior Developer
6 9 (9.47%) SQL Developer
7 8 (8.42%) C++ Developer
7 8 (8.42%) SQL Server Developer
8 7 (7.37%) C# Developer
9 6 (6.32%) Front Office Developer
9 6 (6.32%) Senior C++ Developer
10 5 (5.26%) WPF Developer
10 5 (5.26%) Project Manager
11 4 (4.21%) Junior
11 4 (4.21%) Graduate
12 3 (3.16%) Server Support
12 3 (3.16%) Junior Developer
12 3 (3.16%) Database Developer
12 3 (3.16%) Quantitative Developer
12 3 (3.16%) Graduate Developer
Libraries, Frameworks & Software Standards
1 20 (21.05%) .NET
2 14 (14.74%) JMS
3 13 (13.68%) FpML
4 12 (12.63%) RESTful
5 9 (9.47%) WPF
5 9 (9.47%) XML
6 6 (6.32%) STL
6 6 (6.32%) Boost C++ Libraries
7 4 (4.21%) Murex MxML
8 3 (3.16%) HTML5
8 3 (3.16%) HTML
9 2 (2.11%) Middleware
10 1 (1.05%) Rendezvous
10 1 (1.05%) COM+
10 1 (1.05%) Reactive Extensions
10 1 (1.05%) AngularJS
Miscellaneous
1 68 (71.58%) Derivative
2 42 (44.21%) Fixed Income
3 30 (31.58%) Foreign Exchange (FX)
4 17 (17.89%) Credit Derivative
5 11 (11.58%) Analytical Skills
6 9 (9.47%) Mathematics
7 8 (8.42%) Equity Derivative
8 7 (7.37%) Market Risk
9 6 (6.32%) Grid Computing
10 5 (5.26%) Hedge funds
11 3 (3.16%) Computer Science
12 2 (2.11%) Swaptions
12 2 (2.11%) DTCC
13 1 (1.05%) Equities
13 1 (1.05%) Economics
13 1 (1.05%) User Experience
13 1 (1.05%) Visualisation
13 1 (1.05%) Data Structures
13 1 (1.05%) Algorithms
Operating Systems
1 4 (4.21%) UNIX
2 3 (3.16%) Linux
3 2 (2.11%) Windows
Processes & Methodologies
1 28 (29.47%) Business Analysis
2 15 (15.79%) Analytics
3 14 (14.74%) Agile Software Development
4 13 (13.68%) RAD
4 13 (13.68%) Multithreading
5 12 (12.63%) Workflow
6 9 (9.47%) Risk Analysis
7 8 (8.42%) Technical Architecture
8 7 (7.37%) Asset Management
9 6 (6.32%) Data Management
9 6 (6.32%) Fund Management
10 5 (5.26%) Migration
10 5 (5.26%) Time Management
11 4 (4.21%) MVVM
11 4 (4.21%) Functional Programming
11 4 (4.21%) Project Management
12 3 (3.16%) Data Modelling
12 3 (3.16%) UML
12 3 (3.16%) OO
12 3 (3.16%) Validation
Programming Languages
1 41 (43.16%) SQL
2 35 (36.84%) C#
3 28 (29.47%) Java
4 20 (21.05%) Scala
5 14 (14.74%) C++
5 14 (14.74%) VBA
6 11 (11.58%) T-SQL
7 7 (7.37%) Python
8 4 (4.21%) R
9 3 (3.16%) Perl
10 2 (2.11%) VB
11 1 (1.05%) MATLAB
11 1 (1.05%) APL
Qualifications
1 17 (17.89%) Degree
2 1 (1.05%) PhD
2 1 (1.05%) A+ Certification
Quality Assurance & Compliance
1 3 (3.16%) EMIR
2 2 (2.11%) Dodd-Frank
3 1 (1.05%) Basel II
3 1 (1.05%) MiFID
Vendors
1 18 (18.95%) Oracle
2 13 (13.68%) Murex
3 11 (11.58%) Tradeweb
4 7 (7.37%) Sybase
5 1 (1.05%) Microsoft
5 1 (1.05%) Software AG
5 1 (1.05%) TIBCO
5 1 (1.05%) Bloomberg
5 1 (1.05%) eSpeed
5 1 (1.05%) Perforce
City, London
Aston Carter
Rate: £500 - £600 per day
Posted: 3 days ago
London
Aston Carter
Rate: £400 - £450 per day
Posted: 5 days ago
City, London
McGregor Boyall
Rate: £600 - £650 per day
Posted: 5 days ago
City, London
Optima Connections
Rate: From £400 to £440 per day
Posted: 6 days ago
London
Orgtel
Rate: £250 - £275 per day
Posted: 25 days ago