The first table below looks at the demand for knowledge and experience of MarketAxess products and/or services in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited MarketAxess over the 3 months to 24 April 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all Vendors currently tracked.

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.

Location
3 months to
24 Apr 2014
Same period 2013 Same period 2012
MarketAxess
Rank 564 523 567
Rank change year-on-year
-41 +44
Contract jobs citing MarketAxess 23 15 13
As % of all contract IT jobs located in the UK 0.042% 0.031% 0.022%
As % of the Vendors category 0.092% 0.067% 0.047%
Number of daily rates quoted 22 14 11
Average daily rate £550 £500 £400
Average daily rate % change year-on-year
+10.00% +25.00%
90% offered a daily rate of more than £425 £500 £365
10% offered a daily rate of more than £600 £650 £500
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Vendors Category
UK
Contract IT job ads with a match in the
Vendors category
25052 22396 27843
As % of all contract IT jobs located in the UK 45.89% 46.96% 46.05%
Number of daily rates quoted 14091 11884 14183
Average daily rate £395 £400 £400
Average daily rate % change year-on-year
-1.25% -
90% offered a daily rate of more than £225 £228 £225
10% offered a daily rate of more than £550 £550 £550
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 1059 1189 1316
Average hourly rate £18.00 £19.00 £20.00
Average hourly rate % change year-on-year
-5.26% -5.00%
90% offered a hourly rate of more than £11.00 £11.00 £12.00
10% offered a hourly rate of more than £41.00 £40.00 £40.70
UK excluding London average hourly rate £17.50 £19.00 £19.00
% change year-on-year
-7.89% -

MarketAxess
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing MarketAxess within the UK as a proportion of the total demand within 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
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing MarketAxess within the UK over the 3 months to 24 April 2014.

MarketAxess Daily Rate Histogram 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 average contractor rates quoted in IT jobs citing MarketAxess within the UK over the 3 months to 24 April 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
(Click each for more statistics)
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
Find
Job
Vacancies
London -4 23 £550 +10.00% 1
England -40 23 £550 +10.00% 1
City of London +2 5 £600 -7.69% 1

MarketAxess
Top 30 Related IT Skills

For the 6 months to 24 April 2014, IT contractor jobs within the UK citing MarketAxess 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 MarketAxess.

1 39 (81.25%) UNIX
1 39 (81.25%) Fixed Income
2 36 (75.00%) Linux
2 36 (75.00%) TIBCO
2 36 (75.00%) Rendezvous
2 36 (75.00%) Reuters
3 35 (72.92%) Electronic Trading
4 32 (66.67%) SQL
5 29 (60.42%) Perl
5 29 (60.42%) Python
5 29 (60.42%) Windows
5 29 (60.42%) Foreign Exchange (FX)
5 29 (60.42%) Red Hat
5 29 (60.42%) Project Management
5 29 (60.42%) eSpeed
5 29 (60.42%) Change Management
5 29 (60.42%) Firewall
5 29 (60.42%) Red Hat Enterprise Linux
5 29 (60.42%) Capacity Management
5 29 (60.42%) Low Latency
5 29 (60.42%) Multicast
6 18 (37.50%) Bloomberg
7 15 (31.25%) ION Trading
8 13 (27.08%) ION MarketView
8 13 (27.08%) Front Office
9 10 (20.83%) Java
10 9 (18.75%) Multithreading
11 7 (14.58%) Banking
11 7 (14.58%) RMDS
11 7 (14.58%) Investment Banking

MarketAxess
Top Related IT Skills by Category

For the 6 months to 24 April 2014, IT contractor jobs within the UK citing MarketAxess 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 MarketAxess. Up to 20 skills are shown per category.

Application Platforms
1 3 (6.25%) Confluence
Business Applications
1 13 (27.08%) ION MarketView
2 7 (14.58%) RMDS
Communications & Networking
1 29 (60.42%) Firewall
1 29 (60.42%) Multicast
2 1 (2.08%) HTTP
Database & Business Intelligence
1 7 (14.58%) SQL Server
Development Applications
1 7 (14.58%) JUnit
1 7 (14.58%) JIRA
2 4 (8.33%) QuickTest Pro
General
1 13 (27.08%) Front Office
2 7 (14.58%) Banking
2 7 (14.58%) Investment Banking
3 3 (6.25%) Back Office
Job Titles
1 22 (45.83%) Support Engineer
2 18 (37.50%) Applications Support
2 18 (37.50%) Linux Support
3 11 (22.92%) Linux Support Engineer
3 11 (22.92%) Applications Support Engineer
3 11 (22.92%) Linux Engineer
4 10 (20.83%) Analyst
5 7 (14.58%) Test Analyst
5 7 (14.58%) Developer
6 5 (10.42%) Java Developer
7 4 (8.33%) Business Analyst
8 3 (6.25%) IT Business Analyst
9 2 (4.17%) Analyst Developer
10 1 (2.08%) Business Test Analyst
10 1 (2.08%) Credit Risk Analyst
10 1 (2.08%) Senior Test Analyst
10 1 (2.08%) Senior Analyst
Libraries, Frameworks & Software Standards
1 36 (75.00%) Rendezvous
2 1 (2.08%) .NET
Miscellaneous
1 39 (81.25%) Fixed Income
2 29 (60.42%) Foreign Exchange (FX)
3 4 (8.33%) Equities
3 4 (8.33%) Credit Derivative
3 4 (8.33%) Derivative
4 1 (2.08%) Credit Risk
Operating Systems
1 39 (81.25%) UNIX
2 36 (75.00%) Linux
3 29 (60.42%) Red Hat Enterprise Linux
3 29 (60.42%) Windows
Processes & Methodologies
1 35 (72.92%) Electronic Trading
2 29 (60.42%) Capacity Management
2 29 (60.42%) Low Latency
2 29 (60.42%) Project Management
2 29 (60.42%) Change Management
3 9 (18.75%) Multithreading
4 6 (12.50%) Test Scripting
5 5 (10.42%) User Acceptance Testing
5 5 (10.42%) System Testing
6 2 (4.17%) Regression Testing
Programming Languages
1 32 (66.67%) SQL
2 29 (60.42%) Python
2 29 (60.42%) Perl
3 10 (20.83%) Java
4 2 (4.17%) C#
5 1 (2.08%) C++
Quality Assurance & Compliance
1 5 (10.42%) QA
Systems Management
1 5 (10.42%) HP Quality Center
Vendors
1 36 (75.00%) TIBCO
1 36 (75.00%) Reuters
2 29 (60.42%) eSpeed
2 29 (60.42%) Red Hat
3 18 (37.50%) Bloomberg
4 15 (31.25%) ION Trading
5 7 (14.58%) Oracle
6 3 (6.25%) Sun
7 1 (2.08%) HP
7 1 (2.08%) Tradeweb