The first table below looks at the demand for Straight-Through Processing skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Straight-Through Processing over the 3 months to 24 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category.

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.

Location
3 months to
24 May 2013
Same period 2012 Same period 2011
Straight-Through Processing
Rank 510 533 550
Rank change year-on-year
+23 +17
Contract jobs citing Straight-Through Processing 19 51 34
As % of all contract IT jobs located in the UK 0.041% 0.087% 0.056%
As % of the Processes & Methodologies category 0.058% 0.129% 0.082%
Number of daily rates quoted 14 39 13
Average daily rate £550 £425 £550
Average daily rate % change year-on-year
+29.35% -22.72%
90% offered a daily rate of more than £503 £360 £353
10% offered a daily rate of more than £618 £605 £690
UK excluding London average daily rate £510 £413 £363
% change year-on-year
+23.63% +13.79%
Number of hourly rates quoted 0 1 0
Average hourly rate - £50.00 -
UK excluding London average hourly rate - - -
All Processes & Methodologies
UK
Contract IT job ads with a match in the
Processes & Methodologies category
32941 39581 41270
As % of all contract IT jobs located in the UK 71.01% 67.87% 67.60%
Number of daily rates quoted 19678 22705 23413
Average daily rate £413 £403 £438
Average daily rate % change year-on-year
+2.48% -8.00%
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £575 £580 £600
UK excluding London average daily rate £365 £365 £375
% change year-on-year
- -2.66%
Number of hourly rates quoted 976 1282 1475
Average hourly rate £30.00 £25.00 £29.00
Average hourly rate % change year-on-year
+20.00% -13.79%
90% offered a hourly rate of more than £13.50 £12.50 £13.50
10% offered a hourly rate of more than £50.00 £45.00 £45.00
UK excluding London average hourly rate £30.00 £25.00 £29.50
% change year-on-year
+20.00% -15.25%

Straight-Through Processing
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Straight-Through Processing within the UK as a proportion of the total demand within the Processes & Methodologies category.

Straight-Through Processing Jobs Demand Trend

Straight-Through Processing
Daily Rate Trend

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

Straight-Through Processing Daily Rate Trend

Straight-Through Processing
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Straight-Through Processing within the UK over the 3 months to 24 May 2013.

Straight-Through Processing Daily Rate Histogram

Straight-Through Processing
Hourly Rate Trend

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

Straight-Through Processing Hourly Rate Trend

Straight-Through Processing
Top 8 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Straight-Through Processing within the UK over the 3 months to 24 May 2013. 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
England +14 19 £550 +29.35%
London +18 18 £550 +29.41%
City of London +7 7 £539 +19.72%
Canary Wharf - 1 £550 -
Leeds - 1 £510 -
Bromley - 1 - -
Yorkshire - 1 £510 -
West Yorkshire - 1 £510 -

Straight-Through Processing
Top 30 Related IT Skills

For the 6 months to 24 May 2013, IT contractor jobs within the UK citing Straight-Through Processing 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 Straight-Through Processing.

1 22 (59.46%) Banking
2 20 (54.05%) E-Commerce
3 16 (43.24%) Foreign Exchange (FX)
4 12 (32.43%) SQL
4 12 (32.43%) Investment Banking
5 11 (29.73%) User Acceptance Testing
6 10 (27.03%) Finance
7 9 (24.32%) Front Office
7 9 (24.32%) Java
7 9 (24.32%) XML
8 8 (21.62%) Multithreading
8 8 (21.62%) HP Quality Center
9 7 (18.92%) Cash Management
9 7 (18.92%) UNIX
10 6 (16.22%) Linux
11 5 (13.51%) TestDirector
11 5 (13.51%) C++
11 5 (13.51%) Project Management
11 5 (13.51%) SWIFT
11 5 (13.51%) JIRA
12 4 (10.81%) FLEXCUBE
12 4 (10.81%) Derivative
12 4 (10.81%) Manual Testing
12 4 (10.81%) Validation
12 4 (10.81%) XML Messaging
12 4 (10.81%) Windows
12 4 (10.81%) Client/Server
13 3 (8.108%) HP
13 3 (8.108%) Oracle
13 3 (8.108%) Migration

Straight-Through Processing
Top Related IT Skills by Category

For the 6 months to 24 May 2013, IT contractor jobs within the UK citing Straight-Through Processing 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 Straight-Through Processing. Up to 20 skills are shown per category.

Application Development
1 9 (24.32%) XML
2 4 (10.81%) XML Messaging
3 3 (8.108%) Middleware
4 2 (5.405%) HTML
4 2 (5.405%) JDBC
4 2 (5.405%) Swing
5 1 (2.703%) STL
5 1 (2.703%) Web Services
5 1 (2.703%) XSLT
5 1 (2.703%) EJB
5 1 (2.703%) CSS
5 1 (2.703%) WinForms
5 1 (2.703%) FpML
5 1 (2.703%) Boost C++ Libraries
5 1 (2.703%) Java SE
5 1 (2.703%) Spring
5 1 (2.703%) JRules
Application Platforms
1 2 (5.405%) TeamSite
2 1 (2.703%) Oracle Workflow
2 1 (2.703%) SharePoint Server
Applications
1 1 (2.703%) MS Excel
1 1 (2.703%) MS Visio
1 1 (2.703%) MS Office
1 1 (2.703%) MS PowerPoint
Business Applications
1 4 (10.81%) FLEXCUBE
2 1 (2.703%) MultiFonds
2 1 (2.703%) Adaptiv
2 1 (2.703%) Summit
Communications & Networking
1 2 (5.405%) Internet
2 1 (2.703%) HTTP
Development Applications
1 5 (13.51%) TestDirector
1 5 (13.51%) JIRA
2 1 (2.703%) ClearCase
2 1 (2.703%) OpenDeploy
General
1 22 (59.46%) Banking
2 12 (32.43%) Investment Banking
3 10 (27.03%) Finance
4 9 (24.32%) Front Office
5 2 (5.405%) Retail
5 2 (5.405%) Marketing
6 1 (2.703%) Back Office
6 1 (2.703%) Wholesale Banking
6 1 (2.703%) Retail Banking
6 1 (2.703%) International Banking
Job Titles
1 17 (45.95%) Analyst
2 11 (29.73%) Business Analyst
3 10 (27.03%) Developer
4 5 (13.51%) Test Analyst
4 5 (13.51%) C++ Developer
5 4 (10.81%) Senior Test Analyst
5 4 (10.81%) Consultant
5 4 (10.81%) Senior Analyst
6 3 (8.108%) Implementation Consultant
6 3 (8.108%) Java Developer
7 2 (5.405%) Java Swing Developer
7 2 (5.405%) Technical Implementation Consultant
7 2 (5.405%) Technical Consultant
8 1 (2.703%) Test Manager
8 1 (2.703%) Report Analyst
8 1 (2.703%) Services Delivery Manager
8 1 (2.703%) Test Coordinator
8 1 (2.703%) Service Manager
8 1 (2.703%) Management Consultant
8 1 (2.703%) Programme Manager
Miscellaneous
1 16 (43.24%) Foreign Exchange (FX)
2 5 (13.51%) SWIFT
3 4 (10.81%) Derivative
3 4 (10.81%) Client/Server
4 2 (5.405%) Online Banking
4 2 (5.405%) Credit Risk
4 2 (5.405%) Mobile Banking
4 2 (5.405%) Management Information System
5 1 (2.703%) Equities
5 1 (2.703%) Mainframe
5 1 (2.703%) Market Risk
5 1 (2.703%) Mathematics
5 1 (2.703%) Physics
5 1 (2.703%) Computer Science
5 1 (2.703%) CMDB
5 1 (2.703%) Data Extraction
5 1 (2.703%) Interest Rate Derivative
Operating Systems
1 7 (18.92%) UNIX
2 6 (16.22%) Linux
3 4 (10.81%) Windows
Processes & Methodologies
1 20 (54.05%) E-Commerce
2 11 (29.73%) User Acceptance Testing
3 8 (21.62%) Multithreading
4 7 (18.92%) Cash Management
5 5 (13.51%) Project Management
6 4 (10.81%) Manual Testing
6 4 (10.81%) Validation
7 3 (8.108%) Migration
7 3 (8.108%) Test Management
7 3 (8.108%) Business Analysis
7 3 (8.108%) Workflow
8 2 (5.405%) Project Planning
8 2 (5.405%) Performance Testing
8 2 (5.405%) Integration Testing
8 2 (5.405%) Continuous Improvement
8 2 (5.405%) Data Mapping
8 2 (5.405%) Regression Testing
8 2 (5.405%) Data Modelling
9 1 (2.703%) UML
9 1 (2.703%) OO
Programming Languages
1 12 (32.43%) SQL
2 9 (24.32%) Java
3 5 (13.51%) C++
4 1 (2.703%) XQuery
4 1 (2.703%) JavaScript
4 1 (2.703%) Perl
4 1 (2.703%) C
4 1 (2.703%) C#
4 1 (2.703%) XPath
Qualifications
1 1 (2.703%) Degree
Quality Assurance & Compliance
1 1 (2.703%) SLA
1 1 (2.703%) Basel III
Systems Management
1 8 (21.62%) HP Quality Center
Vendors
1 3 (8.108%) HP
1 3 (8.108%) Oracle
2 2 (5.405%) TIBCO
3 1 (2.703%) Murex
3 1 (2.703%) SunGard
3 1 (2.703%) Sybase
3 1 (2.703%) Remedy
3 1 (2.703%) Atlassian
City of London
What the role will entail: This role is recruiting for a multi-threaded C++ Linux developer to join an existing team focused on building out the functionality and...
Real Staffing
Rate: £400 - £600 per day
Posted: 21 May 2013
London
Have a Good understanding about the collateral management straight through processing (client on boarding, collateral requirements, collateral matching, collateral fees, MTM, collateral Reporting, and REPO/different products.)... * Expected...
SEC Recruitment Limited
Rate: £260 - £290 per day
Posted: 22 May 2013
London
Have a Good understanding about the collateral management straight through processing (client on boarding, collateral requirements, collateral matching, collateral fees, MTM, collateral Reporting, and REPO/different products.)... * Expected...
SEC Recruitment Limited
Rate: £450 - £500 per day
Posted: 23 May 2013
City of London
In this role as a Business analyst you will be working closely with the business, development, quality assurance and technology teams to deliver requirements to the global business...
harringtonstarr
Rate: £450 - £530 per day + 12 Months
Posted: 22 May 2013
City, London
Keywords: Business Analyst, Derivatives, JIRA, OTC, Over The Counter, STP, Straight Through Processing, Financial Services, Investment Banking, Brokerage, Exchange, Contract, Project Manager An award winning world leading financial...
Harrington Starr
Rate: £450 - £530 per day + 12 Months
Posted: 21 May 2013
City, London
importance on domain knowledge so just a resource with good BA skills would not be sufficient he has to be a combination of the following:- BA skills + exposure...
SEC Recruitment Limited
Rate: £400 - £420 per day
Posted: 23 May 2013
City, London
importance on domain knowledge so just a resource with good BA skills would not be sufficient he has to be a combination of the following:- BA skills + exposure...
SEC Recruitment Limited
Rate: per day negotiable
Posted: 23 May 2013