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 average contractor rates offered in IT contracts that have cited MarketAxess over the 3 months to 7 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.

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

Location
3 months to
7 Jul 2015
Same period 2014 Same period 2013
MarketAxess
Rank 605 567 572
Rank change year-on-year
-38 +5
Contract jobs citing MarketAxess 8 29 7
As % of all contract IT jobs located in the UK 0.015% 0.055% 0.014%
As % of the Vendors category 0.033% 0.12% 0.030%
Number of daily rates quoted 8 25 7
Average daily rate
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£600 £550 £500
Average daily rate % change year-on-year
+9.09% +10.00%
UK excluding London average daily rate - - -
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 Vendors category in contract jobs advertised across the UK.

Vendors Category
UK
Contract IT job ads with a match in the
Vendors category
24523 23898 23573
As % of all contract IT jobs located in the UK 44.72% 45.16% 47.10%
Number of daily rates quoted 14392 13365 12566
Average daily rate £390 £378 £388
Average daily rate % change year-on-year
+3.37% -2.58%
90% offered a daily rate of more than £225 £220 £225
10% offered a daily rate of more than £550 £550 £550
UK excluding London average daily rate £363 £350 £350
% change year-on-year
+3.57% -
Number of hourly rates quoted 1085 1042 1249
Average hourly rate £18.75 £17.50 £19.63
Average hourly rate % change year-on-year
+7.14% -10.82%
90% offered a hourly rate of more than £11.17 £10.88 £11.15
10% offered a hourly rate of more than £42.50 £36.70 £40.00
UK excluding London average hourly rate £18.50 £17.00 £19.50
% change year-on-year
+8.82% -12.82%

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 7 July 2015.

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 7 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
London -26 8 £600 +9.09%
England -42 8 £600 +9.09%
City of London -5 2 £525 -12.50%

MarketAxess
Top 30 Related IT Skills

For the 6 months to 7 July 2015, 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 17 (77.27%) Fixed Income
2 16 (72.73%) UNIX
2 16 (72.73%) Linux
2 16 (72.73%) Electronic Trading
3 15 (68.18%) Perl
3 15 (68.18%) SQL
3 15 (68.18%) Python
3 15 (68.18%) eSpeed
4 14 (63.64%) Firewall
4 14 (63.64%) Red Hat
4 14 (63.64%) Reuters
4 14 (63.64%) Windows
4 14 (63.64%) FIX Protocol
4 14 (63.64%) Red Hat Enterprise Linux
4 14 (63.64%) Multicast
5 13 (59.09%) Low Latency
5 13 (59.09%) Eurex
5 13 (59.09%) Project Management
6 12 (54.55%) Foreign Exchange (FX)
6 12 (54.55%) Change Management
6 12 (54.55%) Currenex
6 12 (54.55%) Capacity Management
7 10 (45.45%) ION MarketView
7 10 (45.45%) ION Trading
8 9 (40.91%) TIBCO
8 9 (40.91%) Rendezvous
9 8 (36.36%) Tradeweb
10 5 (22.73%) Banking
10 5 (22.73%) Front Office
10 5 (22.73%) Bloomberg

MarketAxess
Top Related IT Skills by Category

For the 6 months to 7 July 2015, 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 2 (9.09%) MTS
Applications
1 1 (4.55%) Spreadsheet
Business Applications
1 10 (45.45%) ION MarketView
2 2 (9.09%) Bloomberg TOMS
2 2 (9.09%) thinkFolio
3 1 (4.55%) BondVision
Communications & Networking
1 14 (63.64%) Firewall
1 14 (63.64%) Multicast
Database & Business Intelligence
1 1 (4.55%) Relational Database
General
1 5 (22.73%) Front Office
1 5 (22.73%) Banking
2 4 (18.18%) Finance
3 2 (9.09%) Investment Banking
Job Titles
1 7 (31.82%) Linux Engineer
2 5 (22.73%) Applications Support
3 3 (13.64%) Analyst
4 2 (9.09%) Support Analyst
5 1 (4.55%) Applications Support Analyst
5 1 (4.55%) Technical Analyst
Libraries, Frameworks & Software Standards
1 14 (63.64%) FIX Protocol
2 9 (40.91%) Rendezvous
Miscellaneous
1 17 (77.27%) Fixed Income
2 13 (59.09%) Eurex
3 12 (54.55%) Foreign Exchange (FX)
4 1 (4.55%) Data Centre
4 1 (4.55%) Credit Derivative
4 1 (4.55%) Derivative
Operating Systems
1 16 (72.73%) UNIX
1 16 (72.73%) Linux
2 14 (63.64%) Red Hat Enterprise Linux
2 14 (63.64%) Windows
Processes & Methodologies
1 16 (72.73%) Electronic Trading
2 13 (59.09%) Low Latency
2 13 (59.09%) Project Management
3 12 (54.55%) Change Management
3 12 (54.55%) Capacity Management
4 2 (9.09%) Risk Management
4 2 (9.09%) UML
4 2 (9.09%) OO
4 2 (9.09%) OOD
4 2 (9.09%) SOA
4 2 (9.09%) BCP
5 1 (4.55%) Asset Management
5 1 (4.55%) Data Management
5 1 (4.55%) Incident Management
5 1 (4.55%) Straight-Through Processing
5 1 (4.55%) Portfolio Management
5 1 (4.55%) Mentoring
Programming Languages
1 15 (68.18%) Perl
1 15 (68.18%) SQL
1 15 (68.18%) Python
Vendors
1 15 (68.18%) eSpeed
2 14 (63.64%) Red Hat
2 14 (63.64%) Reuters
3 12 (54.55%) Currenex
4 10 (45.45%) ION Trading
5 9 (40.91%) TIBCO
6 8 (36.36%) Tradeweb
7 5 (22.73%) Bloomberg