The first 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 21 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 terms in our Miscellaneous 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
21 May 2013
Same period 2012 Same period 2011
Swaptions
Rank 515 560 518
Rank change year-on-year
+45 -42
Contract jobs citing Swaptions 25 21 62
As % of all contract IT jobs located in the UK 0.053% 0.036% 0.103%
As % of the Miscellaneous category 0.201% 0.146% 0.366%
Number of daily rates quoted 25 17 57
Average daily rate £500 £550 £550
Average daily rate % change year-on-year
-9.09% -
UK excluding London average daily rate - - £600
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All of the Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
12468 14366 16938
As % of all contract IT jobs located in the UK 26.41% 24.57% 28.16%
Number of daily rates quoted 7504 8442 10060
Average daily rate £425 £425 £525
Average daily rate % change year-on-year
- -19.04%
90% offered a daily rate of more than £240 £252 £280
10% offered a daily rate of more than £600 £600 £650
UK excluding London average daily rate £350 £345 £340
% change year-on-year
+1.44% +1.47%
Number of hourly rates quoted 553 669 716
Average hourly rate £22.50 £22.50 £23.75
Average hourly rate % change year-on-year
- -5.26%
90% offered a hourly rate of more than £12.50 £12.33 £11.29
10% offered a hourly rate of more than £44.85 £45.00 £42.50
UK excluding London average hourly rate £22.00 £23.00 £26.50
% change year-on-year
-4.34% -13.20%

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

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

Swaptions
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Swaptions within the UK over the 3 months to 21 May 2013.

Swaptions Daily Rate Histogram

Swaptions
Top 4 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 21 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 +49 25 £500 -9.09%
London +20 25 £500 -9.09%
City of London +12 6 £600 -
Canary Wharf - 1 £260 -

Swaptions
Top 30 Related IT Skills

For the 6 months to 21 May 2013, 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 24 (58.54%) Oracle
1 24 (58.54%) Fixed Income
2 23 (56.10%) C#
2 23 (56.10%) .NET
2 23 (56.10%) Derivative
3 22 (53.66%) C++
3 22 (53.66%) SQL
4 20 (48.78%) Foreign Exchange (FX)
5 19 (46.34%) Analytics
5 19 (46.34%) STL
6 18 (43.90%) XML
6 18 (43.90%) Windows
6 18 (43.90%) Oracle Forms
6 18 (43.90%) Oracle 8/8i
6 18 (43.90%) Python
6 18 (43.90%) MS Excel
6 18 (43.90%) Microsoft
6 18 (43.90%) Windows XP
6 18 (43.90%) CMS
6 18 (43.90%) Spreadsheet
6 18 (43.90%) Windows 7
6 18 (43.90%) Boost C++ Libraries
6 18 (43.90%) Risk Analysis
6 18 (43.90%) Interest Rate Derivative
7 9 (21.95%) Finance
8 8 (19.51%) Banking
8 8 (19.51%) SQL Server
9 6 (14.63%) Investment Banking
9 6 (14.63%) Risk Management
10 5 (12.20%) VB

Swaptions
Top Related IT Skills by Category

For the 6 months to 21 May 2013, 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.

Application Development
1 23 (56.10%) .NET
2 19 (46.34%) STL
3 18 (43.90%) XML
3 18 (43.90%) Boost C++ Libraries
4 1 (2.439%) FpML
4 1 (2.439%) ATL
Application Platforms
1 18 (43.90%) CMS
2 2 (4.878%) GemFire
2 2 (4.878%) Oracle Coherence
Applications
1 18 (43.90%) MS Excel
1 18 (43.90%) Spreadsheet
Business Applications
1 4 (9.756%) Endur
2 1 (2.439%) Summit
Communications & Networking
1 1 (2.439%) HTTP
1 1 (2.439%) HTTPS
Database & Business Intelligence
1 18 (43.90%) Oracle 8/8i
2 8 (19.51%) SQL Server
3 4 (9.756%) RDBMS
4 1 (2.439%) Data Warehouse
Development Applications
1 18 (43.90%) Oracle Forms
General
1 9 (21.95%) Finance
2 8 (19.51%) Banking
3 6 (14.63%) Investment Banking
4 4 (9.756%) Front Office
5 3 (7.317%) Back Office
Job Titles
1 23 (56.10%) Developer
2 20 (48.78%) C++ Developer
2 20 (48.78%) C# Developer
2 20 (48.78%) C++/C# Developer
3 18 (43.90%) Systems Developer
4 13 (31.71%) Analyst
5 8 (19.51%) Business Analyst
6 3 (7.317%) Risk Analyst
7 2 (4.878%) .NET Developer
7 2 (4.878%) C# .NET Developer
7 2 (4.878%) Market Analyst
7 2 (4.878%) Murex Business Analyst
7 2 (4.878%) Market Risk Analyst
8 1 (2.439%) Senior Analyst
8 1 (2.439%) Java Developer
8 1 (2.439%) Senior Risk Analyst
8 1 (2.439%) Team Leader
8 1 (2.439%) Technical Team Leader
8 1 (2.439%) Murex Developer
8 1 (2.439%) Quantitative Analyst
Miscellaneous
1 24 (58.54%) Fixed Income
2 23 (56.10%) Derivative
3 20 (48.78%) Foreign Exchange (FX)
4 18 (43.90%) Interest Rate Derivative
5 5 (12.20%) Market Risk
6 4 (9.756%) Computer Science
6 4 (9.756%) N-Tier
7 1 (2.439%) Equities
7 1 (2.439%) Economics
7 1 (2.439%) Mathematics
Operating Systems
1 18 (43.90%) Windows
1 18 (43.90%) Windows XP
1 18 (43.90%) Windows 7
Processes & Methodologies
1 19 (46.34%) Analytics
2 18 (43.90%) Risk Analysis
3 6 (14.63%) Risk Management
4 5 (12.20%) Data Modelling
5 4 (9.756%) ETRM
5 4 (9.756%) Workflow
5 4 (9.756%) Validation
6 3 (7.317%) UML
6 3 (7.317%) Stress Testing
6 3 (7.317%) Multithreading
7 2 (4.878%) Business Analysis
7 2 (4.878%) OO
7 2 (4.878%) Asset Management
7 2 (4.878%) Migration
8 1 (2.439%) Stakeholder Management
8 1 (2.439%) Scrum
8 1 (2.439%) Agile Software Development
8 1 (2.439%) Software Testing
8 1 (2.439%) Fund Management
8 1 (2.439%) Risk Analytics
Programming Languages
1 23 (56.10%) C#
2 22 (53.66%) C++
2 22 (53.66%) SQL
3 18 (43.90%) Python
4 5 (12.20%) VB
4 5 (12.20%) Java
5 4 (9.756%) VBA
Qualifications
1 5 (12.20%) Degree
Vendors
1 24 (58.54%) Oracle
2 18 (43.90%) Microsoft
3 5 (12.20%) Murex
4 4 (9.756%) TIBCO
4 4 (9.756%) OpenLink
4 4 (9.756%) Sybase
5 2 (4.878%) Calypso
6 1 (2.439%) thinkFolio
6 1 (2.439%) Twitter
London
They are now undertaking a multi-year programme to develop their Rates trading systems and processes.It is therefore important that they find a Business Analyst who specialises...
Hays Specialist Recruitment
Rate: £550.00 - £600.00 per day
Posted: 15 May 2013
London
It is therefore important that they find a Business Analyst who specialises in Rates product knowledge, including government bonds, interest rates swaps, basis swaps, interest rate options & swaptions,...
HAYS INFORMATION TECHNOLOGY
Rate: £550.00 - £600.00 per day
Posted: 14 May 2013