The table below looks at the prevalence of the term Swaptions in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Swaptions over the 3 months to 11 February 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.

Location
3 months to
11 Feb 2016
Same period 2015 Same period 2014
Swaptions
Rank 619 599 579
Rank change year-on-year
-20 -20
Contract jobs citing Swaptions 7 13 9
As % of all contract IT jobs located in the UK 0.014% 0.025% 0.018%
As % of the Miscellaneous category 0.042% 0.081% 0.056%
Number of daily rates quoted 7 10 6
Average daily rate £600 £625 £638
Average daily rate % change year-on-year
-4.00% -1.96%
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 Miscellaneous category in contract jobs advertised across the UK.

Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
16596 16129 15942
As % of all contract IT jobs located in the UK 32.26% 31.14% 32.06%
Number of daily rates quoted 10700 10027 9635
Average daily rate £425 £415 £405
Average daily rate % change year-on-year
+2.40% +2.46%
90% offered a daily rate of more than £250 £240 £230
10% offered a daily rate of more than £623 £600 £600
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 663 688 665
Average hourly rate £21.50 £18.00 £19.00
Average hourly rate % change year-on-year
+19.44% -5.26%
90% offered a hourly rate of more than £12.50 £11.50 £11.51
10% offered a hourly rate of more than £52.63 £40.00 £42.50
UK excluding London average hourly rate £23.75 £17.50 £17.50
% change year-on-year
+35.71% -

Swaptions
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Swaptions within the UK as a proportion of the total demand within the Miscellaneous category.

Swaptions Jobs Demand Trend in the UK

Swaptions
Daily Rate Trend

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

Swaptions Daily Rate Trend in the UK

Swaptions
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Swaptions within the UK over the 3 months to 11 February 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
(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 +1 7 £600 -4.00%
England -9 7 £600 -4.00%

Swaptions
Top 30 Related IT Skills

For the 6 months to 11 February 2016, IT contractor jobs within the UK citing Swaptions 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 Swaptions.

1 13 (68.42%) Front Office
2 12 (63.16%) C#
2 12 (63.16%) Derivative
3 11 (57.89%) Finance
4 8 (42.11%) Fixed Income
4 8 (42.11%) C++
5 7 (36.84%) SQL
5 7 (36.84%) .NET
5 7 (36.84%) SQL Server
5 7 (36.84%) WinForms
5 7 (36.84%) XAML
5 7 (36.84%) Risk Management
5 7 (36.84%) WCF
5 7 (36.84%) WPF
5 7 (36.84%) MVVM
5 7 (36.84%) Multithreading
6 6 (31.58%) N-Tier
7 5 (26.32%) Foreign Exchange (FX)
7 5 (26.32%) Contract for Difference
8 4 (21.05%) Equity Derivative
8 4 (21.05%) Spreadsheet
8 4 (21.05%) Algo Collateral
8 4 (21.05%) Banking
8 4 (21.05%) Calypso
8 4 (21.05%) Workflow
8 4 (21.05%) Collateral Management
9 3 (15.79%) VBA
9 3 (15.79%) XSLT
10 2 (10.53%) Cloud Computing
10 2 (10.53%) Business Analysis

Swaptions
Top Related IT Skills by Category

For the 6 months to 11 February 2016, IT contractor jobs within the UK citing Swaptions 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 Swaptions. Up to 20 skills are shown per category.

Applications
1 4 (21.05%) Spreadsheet
Business Applications
1 4 (21.05%) Algo Collateral
2 1 (5.26%) Summit
Cloud Services
1 2 (10.53%) Cloud Computing
Database & Business Intelligence
1 7 (36.84%) SQL Server
General
1 13 (68.42%) Front Office
2 11 (57.89%) Finance
3 4 (21.05%) Banking
4 2 (10.53%) Back Office
5 1 (5.26%) Investment Banking
Job Titles
1 11 (57.89%) Developer
2 10 (52.63%) C# Developer
3 9 (47.37%) Analyst
4 6 (31.58%) Business Analyst
4 6 (31.58%) Front Office Developer
5 4 (21.05%) Calypso Business Analyst
5 4 (21.05%) Collateral Management Business Analyst
5 4 (21.05%) Quantitative Developer
5 4 (21.05%) Senior C# Developer
5 4 (21.05%) Senior Developer
6 3 (15.79%) C# Quant Developer
6 3 (15.79%) C++ Developer
6 3 (15.79%) C++/C# Developer
6 3 (15.79%) Front Office C++ Developer
7 2 (10.53%) Qualitative Analyst
7 2 (10.53%) Quantitative Analyst
7 2 (10.53%) Senior Analyst
7 2 (10.53%) Senior Business Analyst
7 2 (10.53%) Senior C++ Developer
8 1 (5.26%) Excel Developer
Libraries, Frameworks & Software Standards
1 7 (36.84%) .NET
1 7 (36.84%) WCF
1 7 (36.84%) WinForms
1 7 (36.84%) WPF
2 3 (15.79%) XSLT
3 1 (5.26%) .NET Framework
3 1 (5.26%) ATL
3 1 (5.26%) STL
Miscellaneous
1 12 (63.16%) Derivative
2 8 (42.11%) Fixed Income
3 6 (31.58%) N-Tier
4 5 (26.32%) Contract for Difference
4 5 (26.32%) Foreign Exchange (FX)
5 4 (21.05%) Equity Derivative
6 1 (5.26%) Analytical Skills
6 1 (5.26%) Interest Rate Derivative
6 1 (5.26%) Mathematics
Operating Systems
1 1 (5.26%) Windows
Processes & Methodologies
1 7 (36.84%) Multithreading
1 7 (36.84%) MVVM
1 7 (36.84%) Risk Management
2 4 (21.05%) Collateral Management
2 4 (21.05%) Workflow
3 2 (10.53%) Agile Software Development
3 2 (10.53%) Business Analysis
4 1 (5.26%) Analytics
4 1 (5.26%) Asset Management
4 1 (5.26%) Automated Testing
4 1 (5.26%) Integration Testing
4 1 (5.26%) Investment Management
4 1 (5.26%) Mentoring
4 1 (5.26%) Stakeholder Management
4 1 (5.26%) Technical Analysis
4 1 (5.26%) User Acceptance Testing
Programming Languages
1 12 (63.16%) C#
2 8 (42.11%) C++
3 7 (36.84%) SQL
3 7 (36.84%) XAML
4 3 (15.79%) VBA
5 1 (5.26%) VB
Qualifications
1 1 (5.26%) Degree
1 1 (5.26%) PhD
Quality Assurance & Compliance
1 1 (5.26%) SLA
Vendors
1 4 (21.05%) Calypso
2 2 (10.53%) Charles River
3 1 (5.26%) Bloomberg
3 1 (5.26%) Murex