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 23 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 Misys FusionCapital Sophis.

3 months to
23 Aug 2016
Same period 2015 Same period 2014
Sophis
Rank 635 644 626
Rank change year-on-year
+9 -18
Contract jobs citing Sophis 15 10 4
As % of all contract IT jobs located in the UK 0.027% 0.017% 0.007%
As % of the Vendors category 0.061% 0.039% 0.016%
Number of daily rates quoted 13 8 0
Median daily rate £625 £625 -
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
24772 25383 25427
As % of all contract IT jobs located in the UK 45.33% 44.11% 45.85%
Number of daily rates quoted 15155 14984 14140
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 £248 £230 £220
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 841 1090 1083
Median hourly rate £19.70 £18.50 £18.00
Median hourly rate % change year-on-year
+6.48% +2.77%
90% offered a hourly rate of more than £11.00 £11.50 £11.00
10% offered a hourly rate of more than £45.00 £42.50 £37.50
UK excluding London median hourly rate £20.00 £18.50 £17.50
% change year-on-year
+8.10% +5.71%

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
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Sophis within the UK over the 3 months to 23 August 2016.

Sophis Daily Rate Histogram 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 23 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 +9 15 £625 - 3
London -5 15 £625 - 3
City of London - 4 £481 - 1

Sophis
Top 30 Related IT Skills

For the 6 months to 23 August 2016, 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 15 (78.95%) Derivative
2 10 (52.63%) Equity Derivative
3 8 (42.11%) Front Office
4 7 (36.84%) Business Analysis
4 7 (36.84%) Banking
5 6 (31.58%) Finance
5 6 (31.58%) Equities
6 5 (26.32%) Investment Banking
6 5 (26.32%) Murex
6 5 (26.32%) SQL
7 4 (21.05%) C++
7 4 (21.05%) Java
7 4 (21.05%) PL/SQL
7 4 (21.05%) Oracle
7 4 (21.05%) French Language
7 4 (21.05%) Risk Management
7 4 (21.05%) MiFID
8 3 (15.79%) Market Risk
8 3 (15.79%) Financial Modelling
8 3 (15.79%) Greeks
8 3 (15.79%) Hadoop
8 3 (15.79%) EMIR
8 3 (15.79%) Dodd-Frank
8 3 (15.79%) Sophis RISQUE
8 3 (15.79%) Citrix
8 3 (15.79%) VBA
8 3 (15.79%) Foreign Exchange (FX)
8 3 (15.79%) Project Management
8 3 (15.79%) Unix
8 3 (15.79%) Windows

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:

Applications
1 1 (5.26%) MS Excel
1 1 (5.26%) MS Visio
Business Applications
1 3 (15.79%) Sophis RISQUE
2 2 (10.53%) Summit
Database & Business Intelligence
1 3 (15.79%) Hadoop
2 1 (5.26%) KDB
Development Applications
1 1 (5.26%) Visual Studio
General
1 8 (42.11%) Front Office
2 7 (36.84%) Banking
3 6 (31.58%) Finance
4 5 (26.32%) Investment Banking
5 4 (21.05%) French Language
6 1 (5.26%) Back Office
6 1 (5.26%) Financial Institution
6 1 (5.26%) Retail
Job Titles
1 9 (47.37%) Analyst
1 9 (47.37%) Business Analyst
2 7 (36.84%) Project Manager
3 4 (21.05%) Applications Support
4 3 (15.79%) Business Manager
4 3 (15.79%) Business Project Manager
4 3 (15.79%) Derivatives Business Analyst
4 3 (15.79%) Equity Derivatives Business Analyst
4 3 (15.79%) Project Analyst
5 1 (5.26%) Derivatives Project Manager
5 1 (5.26%) Development Team Manager
5 1 (5.26%) Investment Banking Project Manager
5 1 (5.26%) IT Analyst
5 1 (5.26%) Java Development Manager
5 1 (5.26%) Java Development Team Leader
5 1 (5.26%) Pricing Consultant
5 1 (5.26%) Regulatory Business Analyst
5 1 (5.26%) Regulatory Reporting Business Analyst
5 1 (5.26%) Sophis Support Analyst
5 1 (5.26%) SQL Analyst
Libraries, Frameworks & Software Standards
1 1 (5.26%) Boost C++ Libraries
1 1 (5.26%) STL
Miscellaneous
1 15 (78.95%) Derivative
2 10 (52.63%) Equity Derivative
3 6 (31.58%) Equities
4 3 (15.79%) Foreign Exchange (FX)
4 3 (15.79%) Market Risk
5 2 (10.53%) Fixed Income
6 1 (5.26%) Credit Derivative
6 1 (5.26%) Hedge funds
6 1 (5.26%) Index Arbitrage
6 1 (5.26%) SWIFT
Operating Systems
1 3 (15.79%) Unix
1 3 (15.79%) Windows
Processes & Methodologies
1 7 (36.84%) Business Analysis
2 4 (21.05%) Risk Management
3 3 (15.79%) Financial Modelling
3 3 (15.79%) Greeks
3 3 (15.79%) Project Management
4 2 (10.53%) Change Management
4 2 (10.53%) Incident Management
5 1 (5.26%) Asset Management
5 1 (5.26%) Coaching
5 1 (5.26%) Concurrent Programming
5 1 (5.26%) E-Commerce
5 1 (5.26%) Garbage Collection
5 1 (5.26%) Market Making
5 1 (5.26%) Mentoring
5 1 (5.26%) Multithreading
5 1 (5.26%) People Management
5 1 (5.26%) PRINCE2
5 1 (5.26%) Release Management
5 1 (5.26%) Technical Architecture
5 1 (5.26%) Workflow
Programming Languages
1 5 (26.32%) SQL
2 4 (21.05%) C++
2 4 (21.05%) Java
2 4 (21.05%) PL/SQL
3 3 (15.79%) VBA
4 2 (10.53%) VB
5 1 (5.26%) C#
5 1 (5.26%) Korn
5 1 (5.26%) Perl
Qualifications
1 1 (5.26%) PMP
Quality Assurance & Compliance
1 4 (21.05%) MiFID
2 3 (15.79%) Dodd-Frank
2 3 (15.79%) EMIR
3 2 (10.53%) SLA
Vendors
1 5 (26.32%) Murex
2 4 (21.05%) Oracle
3 3 (15.79%) Citrix
4 2 (10.53%) Calypso
5 1 (5.26%) Fidessa
5 1 (5.26%) Microsoft