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 30 September 2014 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
30 Sep 2014
Same period 2013 Same period 2012
Swaptions
Rank 601 573 579
Rank change year-on-year
-28 +6
Contract jobs citing Swaptions 3 14 20
As % of all contract IT jobs located in the UK 0.005% 0.027% 0.035%
As % of the Miscellaneous category 0.017% 0.085% 0.11%
Number of daily rates quoted 2 14 19
Average daily rate
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£400 £625 £558
Average daily rate % change year-on-year
-36.00% +12.00%
90% offered a daily rate of more than £280 £550 £556
10% offered a daily rate of more than £520 £700 £610
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
17811 16536 17521
As % of all contract IT jobs located in the UK 30.69% 31.32% 30.32%
Number of daily rates quoted 10937 10252 10194
Average daily rate £410 £413 £410
Average daily rate % change year-on-year
-0.60% +0.60%
90% offered a daily rate of more than £235 £243 £250
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 726 660 892
Average hourly rate £18.26 £18.00 £25.00
Average hourly rate % change year-on-year
+1.44% -28.00%
90% offered a hourly rate of more than £11.50 £12.42 £12.00
10% offered a hourly rate of more than £43.00 £43.00 £45.00
UK excluding London average hourly rate £18.00 £17.50 £26.00
% change year-on-year
+2.85% -32.69%

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
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 30 September 2014.

Swaptions Daily Rate Histogram in the UK

Swaptions
Top 3 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 30 September 2014. 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 +3 3 £400 -36.00% 2
England -34 3 £400 -36.00% 2
City of London +25 1 - - 1

Swaptions
Top 30 Related IT Skills

For the 6 months to 30 September 2014, 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 14 (63.64%) Banking
2 11 (50.00%) SQL
2 11 (50.00%) Investment Banking
3 10 (45.45%) Agile Software Development
3 10 (45.45%) Waterfall
3 10 (45.45%) Analytical Skills
4 9 (40.91%) Analytics
5 5 (22.73%) Derivative
5 5 (22.73%) Interest Rate Derivative
5 5 (22.73%) Foreign Exchange (FX)
5 5 (22.73%) Finance
6 4 (18.18%) Fixed Income
6 4 (18.18%) Front Office
6 4 (18.18%) Oracle
7 3 (13.64%) Retail
7 3 (13.64%) Data Modelling
8 2 (9.09%) ETL
8 2 (9.09%) RDBMS
8 2 (9.09%) Endur
8 2 (9.09%) SQL Server
8 2 (9.09%) Sybase
8 2 (9.09%) VBA
8 2 (9.09%) Migration
8 2 (9.09%) Asset Management
8 2 (9.09%) Credit Risk
8 2 (9.09%) User Acceptance Testing
8 2 (9.09%) Relational Database
9 1 (4.55%) EMIR
9 1 (4.55%) Quantitative Risk Management
9 1 (4.55%) Test Scripting

Swaptions
Top Related IT Skills by Category

For the 6 months to 30 September 2014, 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 Platforms
1 1 (4.55%) CMS
Business Applications
1 2 (9.09%) Endur
2 1 (4.55%) Markit EDM
Database & Business Intelligence
1 2 (9.09%) SQL Server
1 2 (9.09%) RDBMS
1 2 (9.09%) Relational Database
General
1 14 (63.64%) Banking
2 11 (50.00%) Investment Banking
3 5 (22.73%) Finance
4 4 (18.18%) Front Office
5 3 (13.64%) Retail
6 1 (4.55%) Back Office
6 1 (4.55%) Retail Banking
Job Titles
1 14 (63.64%) Analyst
2 12 (54.55%) Business Analyst
3 4 (18.18%) Test Leader
4 2 (9.09%) Investment Banking Business Analyst
5 1 (4.55%) Business Data Analyst
5 1 (4.55%) Developer
5 1 (4.55%) Test Analyst
5 1 (4.55%) Consultant
5 1 (4.55%) Data Analyst
5 1 (4.55%) Operations Analyst
5 1 (4.55%) Credit Analyst
5 1 (4.55%) Credit Risk Business Analyst
5 1 (4.55%) Risk Analyst
5 1 (4.55%) Technical Business Analyst
5 1 (4.55%) Banking Business Analyst
5 1 (4.55%) Credit Risk Analyst
Libraries, Frameworks & Software Standards
1 1 (4.55%) OLE
Miscellaneous
1 10 (45.45%) Analytical Skills
2 5 (22.73%) Foreign Exchange (FX)
2 5 (22.73%) Derivative
2 5 (22.73%) Interest Rate Derivative
3 4 (18.18%) Fixed Income
4 2 (9.09%) Credit Risk
5 1 (4.55%) Market Risk
5 1 (4.55%) DTCC
Processes & Methodologies
1 10 (45.45%) Agile Software Development
1 10 (45.45%) Waterfall
2 9 (40.91%) Analytics
3 3 (13.64%) Data Modelling
4 2 (9.09%) ETL
4 2 (9.09%) Asset Management
4 2 (9.09%) Migration
4 2 (9.09%) User Acceptance Testing
5 1 (4.55%) Test Scripting
5 1 (4.55%) Investment Management
5 1 (4.55%) Data Migration
5 1 (4.55%) Monte Carlo Method
5 1 (4.55%) Fund Accounting
5 1 (4.55%) OO
5 1 (4.55%) Business Transformation
5 1 (4.55%) Data Management
5 1 (4.55%) Data Analysis
5 1 (4.55%) Business Analysis
5 1 (4.55%) Software Testing
5 1 (4.55%) Enterprise Data Management
Programming Languages
1 11 (50.00%) SQL
2 2 (9.09%) VBA
3 1 (4.55%) Python
3 1 (4.55%) R
3 1 (4.55%) VB
3 1 (4.55%) Java
Qualifications
1 1 (4.55%) Degree
Quality Assurance & Compliance
1 1 (4.55%) SLA
1 1 (4.55%) EMIR
Systems Management
1 1 (4.55%) HP Quality Center
Vendors
1 4 (18.18%) Oracle
2 2 (9.09%) Sybase
3 1 (4.55%) Misys
3 1 (4.55%) Calypso
3 1 (4.55%) OpenLink
3 1 (4.55%) thinkFolio
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