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 July 2015 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 Jul 2015
Same period 2014 Same period 2013
Swaptions
Rank 619 606 554
Rank change year-on-year
-13 -52
Contract jobs citing Swaptions 9 9 22
As % of all contract IT jobs located in the UK 0.016% 0.016% 0.043%
As % of the Miscellaneous category 0.050% 0.052% 0.13%
Number of daily rates quoted 7 8 21
Average daily rate
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£575 £450 £550
Average daily rate % change year-on-year
+27.77% -18.18%
90% offered a daily rate of more than £500 £318 £500
10% offered a daily rate of more than £655 £608 £650
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
18056 17465 16882
As % of all contract IT jobs located in the UK 31.65% 31.94% 33.03%
Number of daily rates quoted 11374 10594 10000
Average daily rate £418 £400 £425
Average daily rate % change year-on-year
+4.37% -5.88%
90% offered a daily rate of more than £250 £238 £240
10% offered a daily rate of more than £608 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 676 671 742
Average hourly rate £20.00 £20.50 £22.00
Average hourly rate % change year-on-year
-2.43% -6.81%
90% offered a hourly rate of more than £12.25 £12.50 £12.50
10% offered a hourly rate of more than £47.83 £45.00 £42.50
UK excluding London average hourly rate £19.08 £21.12 £20.00
% change year-on-year
-9.63% +5.57%

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 July 2015.

Swaptions Daily Rate Histogram in the UK

Swaptions
Top 5 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 July 2015. 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 -2 7 £575 +27.77% 1
England -31 7 £575 +27.77% 1
City of London -11 2 £625 +13.63% 1
Scotland - 2 - -
Glasgow - 2 - -

Swaptions
Top 30 Related IT Skills

For the 6 months to 30 July 2015, 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 16 (61.54%) Front Office
2 14 (53.85%) C#
3 12 (46.15%) Derivative
4 11 (42.31%) VBA
5 10 (38.46%) Finance
5 10 (38.46%) Banking
6 9 (34.62%) Fixed Income
6 9 (34.62%) .NET
7 8 (30.77%) TDD
8 6 (23.08%) Equity Derivative
8 6 (23.08%) Calypso
9 5 (19.23%) Front Arena
9 5 (19.23%) Investment Banking
9 5 (19.23%) EMIR
10 4 (15.38%) Dodd-Frank
10 4 (15.38%) WPF
10 4 (15.38%) Workflow
10 4 (15.38%) Contract for Difference
10 4 (15.38%) Foreign Exchange (FX)
10 4 (15.38%) SQL
10 4 (15.38%) Murex
10 4 (15.38%) Management Information System
11 3 (11.54%) Regression Testing
11 3 (11.54%) Python
11 3 (11.54%) SunGard
11 3 (11.54%) Release Management
11 3 (11.54%) Software Testing
11 3 (11.54%) Hedge funds
11 3 (11.54%) Test Scripting
12 2 (7.69%) Markit EDM

Swaptions
Top Related IT Skills by Category

For the 6 months to 30 July 2015, 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 1 (3.85%) Spreadsheet
Business Applications
1 5 (19.23%) Front Arena
2 2 (7.69%) thinkFolio
2 2 (7.69%) Eagle PACE
2 2 (7.69%) Markit EDM
2 2 (7.69%) LatentZero
3 1 (3.85%) Summit
Database & Business Intelligence
1 2 (7.69%) SQL Server
2 1 (3.85%) SQL Server 2008
General
1 16 (61.54%) Front Office
2 10 (38.46%) Finance
2 10 (38.46%) Banking
3 5 (19.23%) Investment Banking
4 2 (7.69%) Back Office
5 1 (3.85%) Private Banking
Job Titles
1 12 (46.15%) Analyst
2 11 (42.31%) Developer
3 8 (30.77%) Business Analyst
4 5 (19.23%) C# Developer
5 3 (11.54%) Applications Support
5 3 (11.54%) Test Analyst
6 2 (7.69%) Business Systems Analyst
6 2 (7.69%) Systems Analyst
6 2 (7.69%) Senior Developer
6 2 (7.69%) Tools Developer
7 1 (3.85%) Support Analyst
7 1 (3.85%) Support Engineer
7 1 (3.85%) Senior Analyst
7 1 (3.85%) .NET Developer
7 1 (3.85%) Tester
7 1 (3.85%) Applications Support Analyst
7 1 (3.85%) Technical Analyst
7 1 (3.85%) Senior Support Analyst
7 1 (3.85%) Quantitative Developer
7 1 (3.85%) Applications Support Engineer
Libraries, Frameworks & Software Standards
1 9 (34.62%) .NET
2 4 (15.38%) WPF
3 2 (7.69%) WCF
4 1 (3.85%) XML
4 1 (3.85%) FpML
Miscellaneous
1 12 (46.15%) Derivative
2 9 (34.62%) Fixed Income
3 6 (23.08%) Equity Derivative
4 4 (15.38%) Foreign Exchange (FX)
4 4 (15.38%) Management Information System
4 4 (15.38%) Contract for Difference
5 3 (11.54%) Hedge funds
6 2 (7.69%) Credit Derivative
6 2 (7.69%) Interest Rate Derivative
7 1 (3.85%) DTCC
7 1 (3.85%) Analytical Skills
7 1 (3.85%) Mathematics
7 1 (3.85%) N-Tier
Processes & Methodologies
1 8 (30.77%) TDD
2 4 (15.38%) Workflow
3 3 (11.54%) Regression Testing
3 3 (11.54%) Software Testing
3 3 (11.54%) Release Management
3 3 (11.54%) Test Scripting
4 2 (7.69%) Manual Testing
4 2 (7.69%) Waterfall
4 2 (7.69%) Agile Software Development
4 2 (7.69%) Asset Management
4 2 (7.69%) UML
5 1 (3.85%) RAD
5 1 (3.85%) RUP
5 1 (3.85%) Project Management
5 1 (3.85%) GAP Analysis
5 1 (3.85%) Migration
5 1 (3.85%) Data Analysis
5 1 (3.85%) Automated Testing
5 1 (3.85%) Business Analysis
5 1 (3.85%) User Acceptance Testing
Programming Languages
1 14 (53.85%) C#
2 11 (42.31%) VBA
3 4 (15.38%) SQL
4 3 (11.54%) Python
5 1 (3.85%) C++
Qualifications
1 1 (3.85%) PhD
1 1 (3.85%) Degree
Quality Assurance & Compliance
1 5 (19.23%) EMIR
2 4 (15.38%) Dodd-Frank
3 1 (3.85%) QA
Systems Management
1 1 (3.85%) HP Quality Center
Vendors
1 6 (23.08%) Calypso
2 4 (15.38%) Murex
3 3 (11.54%) SunGard
4 2 (7.69%) Charles River
5 1 (3.85%) Sophis
5 1 (3.85%) Reuters
5 1 (3.85%) Bloomberg