The table below looks at the statistics for knowledge and experience of Sophis 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 Sophis over the 3 months to 22 February 2017 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 Misys FusionCapital Sophis.

3 months to
22 Feb 2017
Same period 2016 Same period 2015
Sophis
UK
Rank 589 617 607
Rank change year-on-year
+28 -10
Contract jobs citing Sophis 5 12 9
As % of all contract IT jobs located in the UK 0.011% 0.023% 0.017%
As % of the Vendors category 0.025% 0.054% 0.038%
Number of daily rates quoted 2 8 7
Median daily rate £613 £498 £550
Median daily rate % change year-on-year
+23.11% -9.54%
90% offered a daily rate of more than £563 £485 £520
10% offered a daily rate of more than £663 £700 £700
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
20200 22429 23591
As % of all contract IT jobs located in the UK 44.54% 43.13% 45.70%
Number of daily rates quoted 12524 13422 13583
Median daily rate £425 £400 £400
Median daily rate % change year-on-year
+6.25% -
90% offered a daily rate of more than £250 £238 £225
10% offered a daily rate of more than £575 £550 £550
UK excluding London median daily rate £395 £378 £375
% change year-on-year
+4.63% +0.66%
Number of hourly rates quoted 762 838 962
Median hourly rate £19.00 £21.34 £17.50
Median hourly rate % change year-on-year
-10.96% +21.94%
90% offered a hourly rate of more than £10.78 £11.15 £11.50
10% offered a hourly rate of more than £47.00 £55.00 £42.50
UK excluding London median hourly rate £17.50 £21.50 £17.50
% change year-on-year
-18.60% +22.85%

Sophis
Jobs Demand Trend

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

Sophis Jobs Demand Trend in the UK

Sophis
Daily Rate Trend

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

Sophis Daily Rate Trend in the UK

Sophis
Hourly Rate Trend

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

Sophis Hourly Rate Trend in the UK

Sophis
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 Sophis within the UK over the 3 months to 22 February 2017. 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 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 +37 5 £613 +23.11% 1
London +16 5 £613 +23.11% 1
City of London -2 2 £550 +10.55%

Sophis
Top 30 Related IT Skills

For the 6 months to 22 February 2017, IT contractor jobs citing Sophis 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 Sophis.

1 6 (50.00%) Front Office
1 6 (50.00%) Derivative
1 6 (50.00%) Equity Derivative
2 5 (41.67%) Web Development
2 5 (41.67%) WPF
2 5 (41.67%) Hedge funds
2 5 (41.67%) Fixed Income
2 5 (41.67%) WinForms
2 5 (41.67%) Banking
2 5 (41.67%) Back Office
2 5 (41.67%) Foreign Exchange (FX)
2 5 (41.67%) JavaScript
2 5 (41.67%) .NET
2 5 (41.67%) SQL Server
2 5 (41.67%) ASP.NET
2 5 (41.67%) CSS
2 5 (41.67%) C#
2 5 (41.67%) Misys
2 5 (41.67%) REST
3 4 (33.33%) Calypso
3 4 (33.33%) Sophis RISQUE
4 3 (25.00%) Investment Banking
4 3 (25.00%) Murex
5 2 (16.67%) French Language
5 2 (16.67%) Finance
5 2 (16.67%) C++
5 2 (16.67%) HTML
5 2 (16.67%) Systems Analysis
5 2 (16.67%) Exotic Derivative
6 1 (8.33%) Corporate Banking

Sophis
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:

Business Applications
1 4 (33.33%) Sophis RISQUE
Database & Business Intelligence
1 5 (41.67%) SQL Server
2 1 (8.33%) Big Data
2 1 (8.33%) Hadoop
General
1 6 (50.00%) Front Office
2 5 (41.67%) Back Office
2 5 (41.67%) Banking
3 3 (25.00%) Investment Banking
4 2 (16.67%) Finance
4 2 (16.67%) French Language
5 1 (8.33%) Corporate Banking
Job Titles
1 6 (50.00%) Developer
2 5 (41.67%) .NET Developer
2 5 (41.67%) C# .NET Developer
2 5 (41.67%) C# Developer
2 5 (41.67%) Sophis Developer
3 3 (25.00%) C# WPF Developer
3 3 (25.00%) WPF Developer
4 2 (16.67%) Analyst
4 2 (16.67%) Business Analyst
4 2 (16.67%) Calypso Developer
4 2 (16.67%) Derivatives Business Analyst
4 2 (16.67%) Equity Derivatives Business Analyst
4 2 (16.67%) Murex Developer
4 2 (16.67%) Pricing Analyst
4 2 (16.67%) Senior Analyst
4 2 (16.67%) Senior Business Analyst
4 2 (16.67%) Senior Pricing Analyst
5 1 (8.33%) Applications Support
5 1 (8.33%) Development Manager
5 1 (8.33%) Market Risk C++ Developer
Libraries, Frameworks & Software Standards
1 5 (41.67%) .NET
1 5 (41.67%) ASP.NET
1 5 (41.67%) CSS
1 5 (41.67%) REST
1 5 (41.67%) WinForms
1 5 (41.67%) WPF
2 2 (16.67%) HTML
Miscellaneous
1 6 (50.00%) Derivative
1 6 (50.00%) Equity Derivative
2 5 (41.67%) Fixed Income
2 5 (41.67%) Foreign Exchange (FX)
2 5 (41.67%) Hedge funds
3 2 (16.67%) Exotic Derivative
4 1 (8.33%) Equities
4 1 (8.33%) Grid Computing
4 1 (8.33%) Market Risk
4 1 (8.33%) PMI
4 1 (8.33%) Virtual Team
Operating Systems
1 1 (8.33%) Unix
1 1 (8.33%) Windows
Processes & Methodologies
1 5 (41.67%) Web Development
2 2 (16.67%) Systems Analysis
3 1 (8.33%) Agile Software Development
3 1 (8.33%) Black-Scholes
3 1 (8.33%) Greeks
3 1 (8.33%) Microservices
3 1 (8.33%) Migration
3 1 (8.33%) Monte Carlo Method
3 1 (8.33%) PRINCE2
3 1 (8.33%) Programme Management
3 1 (8.33%) Project Management
3 1 (8.33%) Risk Management
3 1 (8.33%) Software Engineering
3 1 (8.33%) Workflow
Programming Languages
1 5 (41.67%) C#
1 5 (41.67%) JavaScript
2 2 (16.67%) C++
3 1 (8.33%) Java
Qualifications
1 1 (8.33%) Degree
1 1 (8.33%) PMI Certification
1 1 (8.33%) PMP
Quality Assurance & Compliance
1 1 (8.33%) MiFID
Vendors
1 5 (41.67%) Misys
2 4 (33.33%) Calypso
3 3 (25.00%) Murex
4 1 (8.33%) Bloomberg
4 1 (8.33%) Citrix
4 1 (8.33%) Reuters