The table below looks at the prevalence of the term Swaptions in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Swaptions over the 3 months to 1 July 2016 with a comparison to the same period over 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.

3 months to
1 Jul 2016
Same period 2015 Same period 2014
Swaptions
Rank 633 634 617
Rank change year-on-year
+1 -17
Contract jobs citing Swaptions 5 9 19
As % of all contract IT jobs located in the UK 0.009% 0.016% 0.035%
As % of the Miscellaneous category 0.028% 0.050% 0.11%
Number of daily rates quoted 5 9 16
Median daily rate £525 £575 £525
Median daily rate % change year-on-year
-8.69% +9.52%
90% offered a daily rate of more than £475 £550 £338
10% offered a daily rate of more than £571 £640 £575
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 Miscellaneous category in contract jobs advertised across the UK.

Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
17770 17952 17408
As % of all contract IT jobs located in the UK 33.23% 31.98% 32.29%
Number of daily rates quoted 11474 11202 10660
Median daily rate £425 £420 £400
Median daily rate % change year-on-year
+1.19% +5.00%
90% offered a daily rate of more than £255 £250 £234
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 624 676 708
Median hourly rate £22.00 £18.00 £20.50
Median hourly rate % change year-on-year
+22.22% -12.19%
90% offered a hourly rate of more than £12.49 £12.25 £12.50
10% offered a hourly rate of more than £46.07 £45.00 £42.50
UK excluding London median hourly rate £23.00 £17.50 £21.00
% change year-on-year
+31.42% -16.66%

Swaptions
Jobs Demand Trend

The demand trend of contract jobs citing Swaptions as a proportion of all IT contracts with a match in 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 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Swaptions within the UK over the 3 months to 1 July 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 0 5 £525 -8.69%
London -12 5 £525 -8.69%
City of London +30 1 £513 -18.00%

Swaptions
Top 30 Related IT Skills

For the 6 months to 1 July 2016, IT contractor jobs citing Swaptions 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 Swaptions.

1 9 (75.00%) C#
2 6 (50.00%) Finance
2 6 (50.00%) Front Office
3 5 (41.67%) Derivative
4 4 (33.33%) WCF
4 4 (33.33%) WPF
4 4 (33.33%) Fixed Income
5 3 (25.00%) XSLT
5 3 (25.00%) Spreadsheet
5 3 (25.00%) Degree
5 3 (25.00%) Banking
5 3 (25.00%) Mathematics
5 3 (25.00%) QA
6 2 (16.67%) Computer Science
6 2 (16.67%) Integration Testing
6 2 (16.67%) Asset Management
6 2 (16.67%) Cloud Computing
6 2 (16.67%) TeamCity
6 2 (16.67%) Hedge funds
6 2 (16.67%) SOLID
6 2 (16.67%) OO
6 2 (16.67%) SQL
6 2 (16.67%) SOA
6 2 (16.67%) Risk Management
6 2 (16.67%) Agile Software Development
6 2 (16.67%) TDD
6 2 (16.67%) NUnit
7 1 (8.33%) Analytical Skills
7 1 (8.33%) Workflow
7 1 (8.33%) Equities

Swaptions
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 3 (25.00%) Spreadsheet
Business Applications
1 1 (8.33%) Algo Collateral
Cloud Services
1 2 (16.67%) Cloud Computing
Development Applications
1 2 (16.67%) NUnit
1 2 (16.67%) TeamCity
2 1 (8.33%) Selenium
2 1 (8.33%) SpecFlow
2 1 (8.33%) TestComplete
General
1 6 (50.00%) Finance
1 6 (50.00%) Front Office
2 3 (25.00%) Banking
3 1 (8.33%) Investment Banking
Job Titles
1 6 (50.00%) Analyst
1 6 (50.00%) Developer
2 5 (41.67%) C# Developer
3 3 (25.00%) Test Analyst
4 2 (16.67%) QA Analyst
4 2 (16.67%) QA Test Analyst
4 2 (16.67%) Qualitative Analyst
4 2 (16.67%) Quantitative Analyst
4 2 (16.67%) Quantitative Developer
4 2 (16.67%) Quantitative Risk Analyst
4 2 (16.67%) Risk Analyst
5 1 (8.33%) Banking Analyst
5 1 (8.33%) C# Quant Developer
5 1 (8.33%) C++ Quantitative Developer
5 1 (8.33%) C++/C# Developer
5 1 (8.33%) Calypso Business Analyst
5 1 (8.33%) Collateral Management Business Analyst
5 1 (8.33%) Front Office C++ Developer
5 1 (8.33%) QA Test Engineer
5 1 (8.33%) VBA Quantitative Developer
Libraries, Frameworks & Software Standards
1 4 (33.33%) WCF
1 4 (33.33%) WPF
2 3 (25.00%) XSLT
Miscellaneous
1 5 (41.67%) Derivative
2 4 (33.33%) Fixed Income
3 3 (25.00%) Mathematics
4 2 (16.67%) Computer Science
4 2 (16.67%) Hedge funds
5 1 (8.33%) Analytical Skills
5 1 (8.33%) Contract for Difference
5 1 (8.33%) Equities
5 1 (8.33%) Equity Derivative
5 1 (8.33%) Foreign Exchange (FX)
5 1 (8.33%) Interest Rate Derivative
Operating Systems
1 1 (8.33%) Unix
Processes & Methodologies
1 2 (16.67%) Agile Software Development
1 2 (16.67%) Asset Management
1 2 (16.67%) Integration Testing
1 2 (16.67%) OO
1 2 (16.67%) Risk Management
1 2 (16.67%) SOA
1 2 (16.67%) SOLID
1 2 (16.67%) TDD
2 1 (8.33%) Collateral Management
2 1 (8.33%) Greeks
2 1 (8.33%) Regression Testing
2 1 (8.33%) Test Scripting
2 1 (8.33%) Workflow
Programming Languages
1 9 (75.00%) C#
2 2 (16.67%) SQL
3 1 (8.33%) C++
3 1 (8.33%) VBA
Qualifications
1 3 (25.00%) Degree
2 1 (8.33%) PhD
Quality Assurance & Compliance
1 3 (25.00%) QA
Vendors
1 1 (8.33%) Calypso
1 1 (8.33%) Sybase