The table below looks at the statistics for knowledge and experience of MarketAxess products and/or services in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited MarketAxess over the 3 months to 28 August 2016 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.

The figures below represent the IT contractor job market in general and are not representative of contractor rates within MarketAxess.

3 months to
28 Aug 2016
Same period 2015 Same period 2014
MarketAxess
Rank 636 648 608
Rank change year-on-year
+12 -40
Contract jobs citing MarketAxess 3 9 34
As % of all contract IT jobs located in the UK 0.006% 0.015% 0.060%
As % of the Vendors category 0.012% 0.035% 0.13%
Number of daily rates quoted 3 7 28
Median daily rate £313 £600 £538
Median daily rate % change year-on-year
-47.91% +11.62%
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 Vendors category in contract jobs advertised across the UK.

Vendors Category
UK
Contract IT job ads with a match in the
Vendors category
24055 25705 25836
As % of all contract IT jobs located in the UK 45.12% 44.08% 45.87%
Number of daily rates quoted 14703 15197 14415
Median daily rate £405 £400 £380
Median daily rate % change year-on-year
+1.25% +5.26%
90% offered a daily rate of more than £250 £233 £215
10% offered a daily rate of more than £550 £550 £550
UK excluding London median daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 818 1098 1100
Median hourly rate £19.44 £18.75 £18.00
Median hourly rate % change year-on-year
+3.65% +4.16%
90% offered a hourly rate of more than £11.00 £11.50 £11.00
10% offered a hourly rate of more than £45.00 £43.00 £37.50
UK excluding London median hourly rate £20.00 £18.75 £17.50
% change year-on-year
+6.66% +7.14%

MarketAxess
Jobs Demand Trend

The demand trend of contract jobs citing MarketAxess as a proportion of all IT contracts with a match in the Vendors category.

MarketAxess Jobs Demand Trend in the UK

MarketAxess
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MarketAxess within the UK.

MarketAxess Daily Rate Trend in the UK

MarketAxess
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing MarketAxess within the UK.

MarketAxess Hourly Rate Trend in the UK

MarketAxess
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MarketAxess within the UK over the 3 months to 28 August 2016. 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
(Click see detailed
statistics and trends)
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 -4 3 £313 -47.91%
London -9 3 £313 -47.91%
City of London +36 2 £313 -43.18%

MarketAxess
Top 15 Related IT Skills

For the 6 months to 28 August 2016, IT contractor jobs citing MarketAxess 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 MarketAxess.

1 3 (100.00%) Fixed Income
1 3 (100.00%) Electronic Trading
2 2 (66.67%) Bloomberg TOMS
2 2 (66.67%) FXall
2 2 (66.67%) MS Office
2 2 (66.67%) FIX Protocol
2 2 (66.67%) E-Commerce
2 2 (66.67%) Foreign Exchange (FX)
2 2 (66.67%) Bloomberg
2 2 (66.67%) Front Office
3 1 (33.33%) Banking
3 1 (33.33%) Investment Banking
3 1 (33.33%) SQL
3 1 (33.33%) Unix
3 1 (33.33%) Python

MarketAxess
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:

Applications
1 2 (66.67%) MS Office
Business Applications
1 2 (66.67%) Bloomberg TOMS
General
1 2 (66.67%) Front Office
2 1 (33.33%) Banking
2 1 (33.33%) Investment Banking
Job Titles
1 1 (33.33%) Client Services Manager
1 1 (33.33%) E-Commerce Manager
1 1 (33.33%) Electronic Trading Support
1 1 (33.33%) Service Manager
Libraries, Frameworks & Software Standards
1 2 (66.67%) FIX Protocol
Miscellaneous
1 3 (100.00%) Fixed Income
2 2 (66.67%) Foreign Exchange (FX)
Operating Systems
1 1 (33.33%) Unix
Processes & Methodologies
1 3 (100.00%) Electronic Trading
2 2 (66.67%) E-Commerce
Programming Languages
1 1 (33.33%) Python
1 1 (33.33%) SQL
Vendors
1 2 (66.67%) Bloomberg
1 2 (66.67%) FXall