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 31 May 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
31 May 2016
Same period 2015 Same period 2014
Sophis
Rank 638 603 593
Rank change year-on-year
-35 -10
Contract jobs citing Sophis 5 7 19
As % of all contract IT jobs located in the UK 0.009% 0.013% 0.036%
As % of the Vendors category 0.021% 0.029% 0.080%
Number of daily rates quoted 4 7 7
Median daily rate £650 £625 £525
Median daily rate % change year-on-year
+4.00% +19.04%
90% offered a daily rate of more than £558 £420 £410
10% offered a daily rate of more than £743 £670 £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
23948 24289 23781
As % of all contract IT jobs located in the UK 44.65% 44.81% 44.55%
Number of daily rates quoted 14824 14140 13473
Median daily rate £401 £400 £388
Median daily rate % change year-on-year
+0.12% +3.22%
90% offered a daily rate of more than £250 £225 £220
10% offered a daily rate of more than £575 £550 £550
UK excluding London median daily rate £380 £370 £350
% change year-on-year
+2.70% +5.71%
Number of hourly rates quoted 788 1108 1060
Median hourly rate £20.00 £18.50 £17.50
Median hourly rate % change year-on-year
+8.10% +5.71%
90% offered a hourly rate of more than £11.00 £11.24 £11.00
10% offered a hourly rate of more than £42.50 £40.00 £37.00
UK excluding London median hourly rate £20.00 £18.00 £17.00
% change year-on-year
+11.11% +5.88%

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 31 May 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 31 May 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
London +6 5 £650 +4.00%
England -10 5 £650 +4.00%
Canary Wharf - 1 £575 -

Sophis
Top 30 Related IT Skills

For the 6 months to 31 May 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 9 (52.94%) Murex
2 8 (47.06%) SQL
3 6 (35.29%) Windows
3 6 (35.29%) Calypso
3 6 (35.29%) Banking
3 6 (35.29%) Market Risk
3 6 (35.29%) PowerShell
3 6 (35.29%) Relational Database
4 5 (29.41%) Front Office
4 5 (29.41%) Equities
4 5 (29.41%) Derivative
4 5 (29.41%) Risk Management
4 5 (29.41%) Finance
5 4 (23.53%) Equity Derivative
5 4 (23.53%) Investment Banking
5 4 (23.53%) Release Management
6 3 (17.65%) Back Office
6 3 (17.65%) MiFID
6 3 (17.65%) French Language
6 3 (17.65%) C++
6 3 (17.65%) Java
7 2 (11.76%) Fidessa
7 2 (11.76%) Business Analysis
7 2 (11.76%) EMIR
7 2 (11.76%) Dodd-Frank
7 2 (11.76%) Financial Modelling
7 2 (11.76%) Hadoop
8 1 (5.88%) HSQLDB
8 1 (5.88%) Spring Integration
8 1 (5.88%) Analytics

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:

Application Platforms
1 1 (5.88%) Oracle Coherence
Business Applications
1 1 (5.88%) Global One
1 1 (5.88%) SunGard Martini
Database & Business Intelligence
1 6 (35.29%) Relational Database
2 2 (11.76%) Hadoop
3 1 (5.88%) HSQLDB
3 1 (5.88%) InterSystems Cache
3 1 (5.88%) OLAP
3 1 (5.88%) RDBMS
General
1 6 (35.29%) Banking
2 5 (29.41%) Finance
2 5 (29.41%) Front Office
3 4 (23.53%) Investment Banking
4 3 (17.65%) Back Office
4 3 (17.65%) French Language
Job Titles
1 12 (70.59%) Analyst
2 6 (35.29%) Support Analyst
3 4 (23.53%) Business Analyst
3 4 (23.53%) Business Support Analyst
4 3 (17.65%) Murex Analyst
4 3 (17.65%) Murex Support
4 3 (17.65%) Murex Support Analyst
4 3 (17.65%) Project Manager
4 3 (17.65%) SQL Analyst
4 3 (17.65%) SQL Support Analyst
5 2 (11.76%) Applications Support
5 2 (11.76%) Applications Support Analyst
5 2 (11.76%) Banking Analyst
5 2 (11.76%) Derivatives Business Analyst
5 2 (11.76%) Equity Derivatives Business Analyst
5 2 (11.76%) Risk Analyst
6 1 (5.88%) IT Programme Manager
6 1 (5.88%) IT Support Analyst
6 1 (5.88%) Project Analyst
6 1 (5.88%) Quantitative Analyst
Libraries, Frameworks & Software Standards
1 1 (5.88%) ActiveMQ
1 1 (5.88%) FIX Protocol
1 1 (5.88%) Hibernate
1 1 (5.88%) JMS
1 1 (5.88%) JPA
1 1 (5.88%) Spring
1 1 (5.88%) Spring Integration
1 1 (5.88%) Web Services
Miscellaneous
1 6 (35.29%) Market Risk
2 5 (29.41%) Derivative
2 5 (29.41%) Equities
3 4 (23.53%) Equity Derivative
4 1 (5.88%) Analytical Skills
4 1 (5.88%) Credit Derivative
4 1 (5.88%) Enterprise Software
4 1 (5.88%) Fixed Income
4 1 (5.88%) Foreign Exchange (FX)
4 1 (5.88%) Mathematics
Operating Systems
1 6 (35.29%) Windows
2 1 (5.88%) Linux
Processes & Methodologies
1 5 (29.41%) Risk Management
2 4 (23.53%) Release Management
3 2 (11.76%) Business Analysis
3 2 (11.76%) Financial Modelling
4 1 (5.88%) Analytics
4 1 (5.88%) Electronic Trading
4 1 (5.88%) OO
4 1 (5.88%) Process Management
4 1 (5.88%) Programme Management
4 1 (5.88%) Project Management
4 1 (5.88%) Regression Testing
4 1 (5.88%) TDD
4 1 (5.88%) Test Automation
4 1 (5.88%) Validation
Programming Languages
1 8 (47.06%) SQL
2 6 (35.29%) PowerShell
3 3 (17.65%) C++
3 3 (17.65%) Java
4 1 (5.88%) PL/SQL
Qualifications
1 1 (5.88%) Degree
Quality Assurance & Compliance
1 3 (17.65%) MiFID
2 2 (11.76%) Dodd-Frank
2 2 (11.76%) EMIR
Vendors
1 9 (52.94%) Murex
2 6 (35.29%) Calypso
3 2 (11.76%) Fidessa
4 1 (5.88%) Oracle
4 1 (5.88%) SunGard