The table below looks at the prevalence of the term Interest Rate Derivative in contract job vacancies advertised in Canary Wharf. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Interest Rate Derivative over the 3 months to 29 March 2017 with a comparison to the same period over the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Interest Rate Derivatives
London / Canary Wharf
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 25 - 23
Rank change year-on-year - 0  
Contract jobs citing Interest Rate Derivative 1 0 2
As % of all contract IT jobs advertised in Canary Wharf 0.77% - 1.72%
As % of the Miscellaneous category 1.67% - 2.99%
Number of daily rates quoted 1 0 1
Median daily rate £650 - £525
UK excluding London median daily rate - - £400
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Interest Rate Derivative is in the generic IT skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Canary Wharf with a requirement for generic IT skills.

Generic IT Skills
Canary Wharf
Contract job vacancies with a requirement for generic IT skills 60 47 67
As % of all contract IT job vacancies advertised in Canary Wharf 46.15% 37.90% 57.76%
Number of daily rates quoted 35 42 39
Median daily rate £575 £480 £500
Median daily rate % change year-on-year +19.79% -4.00%  
90% offered a daily rate of more than £375 £372 £313
10% offered a daily rate of more than £650 £685 £615
UK excluding London median daily rate £395 £375 £375
% change year-on-year +5.33% -  
Number of hourly rates quoted 0 1 0
Median hourly rate - £26.00 -
UK excluding London median hourly rate £19.50 £26.50 £18.50
% change year-on-year -26.41% +43.24%  

Interest Rate Derivative
Job Vacancy Trend in Canary Wharf

The job posting trend of jobs advertised in Canary Wharf citing Interest Rate Derivative as a proportion of all contract or permanent IT jobs with a match in the Miscellaneous category.

Job vacancy trend for Interest Rate Derivative in Canary Wharf

Interest Rate Derivative
Contractor Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Interest Rate Derivative in Canary Wharf.

Contractor daily rate trend for Interest Rate Derivative in Canary Wharf

For the 6 months to 29 March 2017, IT contractor jobs citing Interest Rate Derivative also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Canary Wharf region with a requirement for Interest Rate Derivative.

1 3 (100.00%) Fixed Income
1 3 (100.00%) Grid Computing
1 3 (100.00%) Java
1 3 (100.00%) Derivative
1 3 (100.00%) Multithreading
1 3 (100.00%) Scala
2 2 (66.67%) Data Ingestion
2 2 (66.67%) Multithreaded Programming
2 2 (66.67%) Akka
2 2 (66.67%) Data Structures
2 2 (66.67%) Kafka
2 2 (66.67%) Middleware
3 1 (33.33%) Mathematics
3 1 (33.33%) Market Risk
3 1 (33.33%) Electronic Trading
3 1 (33.33%) Banking
3 1 (33.33%) Data Management
3 1 (33.33%) Investment Banking
3 1 (33.33%) Software Engineering
3 1 (33.33%) Management Information System
3 1 (33.33%) Front Office
3 1 (33.33%) Risk Management
3 1 (33.33%) Finance
3 1 (33.33%) Analytical Skills
3 1 (33.33%) Mathematical Modelling

Interest Rate Derivative
Co-occurring IT Skills in Canary Wharf 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:

General
1 1 (33.33%) Banking
1 1 (33.33%) Finance
1 1 (33.33%) Front Office
1 1 (33.33%) Investment Banking
Job Titles
1 3 (100.00%) Developer
1 3 (100.00%) Java Developer
1 3 (100.00%) Java Scala Developer
1 3 (100.00%) Scala Developer
2 1 (33.33%) Front Office Developer
2 1 (33.33%) Investment Banking Java Developer
Libraries, Frameworks & Software Standards
1 2 (66.67%) Akka
1 2 (66.67%) Kafka
1 2 (66.67%) Middleware
Miscellaneous
1 3 (100.00%) Derivative
1 3 (100.00%) Fixed Income
1 3 (100.00%) Grid Computing
2 2 (66.67%) Data Structures
3 1 (33.33%) Analytical Skills
3 1 (33.33%) Management Information System
3 1 (33.33%) Market Risk
Processes & Methodologies
1 3 (100.00%) Multithreading
2 2 (66.67%) Data Ingestion
2 2 (66.67%) Multithreaded Programming
3 1 (33.33%) Data Management
3 1 (33.33%) Electronic Trading
3 1 (33.33%) Mathematical Modelling
3 1 (33.33%) Mathematics
3 1 (33.33%) Risk Management
3 1 (33.33%) Software Engineering
Programming Languages
1 3 (100.00%) Java
1 3 (100.00%) Scala