Period
to 5 August 2020

The table below looks at the prevalence of the term Derivative in contract job vacancies advertised in Central London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Derivative over the 6 months to 5 August 2020 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.

Derivatives
London > Central London
6 months to
5 Aug 2020
Same period 2019 Same period 2018
Rank 111 222 139
Rank change year-on-year +111 -83 -58
Contract jobs citing Derivative 38 58 177
As % of all contract jobs advertised in Central London 1.39% 0.69% 1.93%
As % of the Miscellaneous category 3.87% 2.08% 4.87%
Number of daily rates quoted 24 43 148
Median daily rate £638 £650 £625
Median daily rate % change year-on-year -1.92% +4.00% +4.17%
10th Percentile £479 £465 £475
90th Percentile £750 £735 £775
London median daily rate £650 £650 £625
% change year-on-year - +4.00% +4.17%
Number of hourly rates quoted 1 0 0
Median hourly rate £35.00 - -
London median hourly rate £35.00 - -

Derivative is in the Generic IT Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Central London with a requirement for generic IT skills.

All Generic IT Skills
Central London
Contract vacancies with a requirement for generic IT skills 983 2,789 3,632
As % of all contract IT jobs advertised in Central London 35.98% 33.33% 39.69%
Number of daily rates quoted 638 2,084 2,733
Median daily rate £516 £525 £518
Median daily rate % change year-on-year -1.67% +1.45% +0.49%
10th Percentile £306 £338 £313
90th Percentile £696 £675 £713
London median daily rate £525 £525 £513
% change year-on-year - +2.44% +2.50%
Number of hourly rates quoted 38 54 59
Median hourly rate £35.25 £21.00 £20.00
Median hourly rate % change year-on-year +67.86% +5.00% +6.95%
10th Percentile £12.66 £11.40 £13.31
90th Percentile £47.75 £56.20 £44.28
Median hourly rate £35.00 £24.50 £22.50
% change year-on-year +42.86% +8.89% +2.74%

Derivative
Job Vacancy Trend in Central London

Job postings citing Derivative as a proportion of all IT jobs advertised in Central London.

Job vacancy trend for Derivative in Central London

Derivative
Contractor Daily Rate Trend in Central London

3-month moving average daily rate quoted in jobs citing Derivative in Central London.

Daily rate trend for Derivative in Central London

Derivative
Daily Rate Histogram in Central London

Daily rate distribution for jobs citing Derivative in Central London over the 6 months to 5 August 2020.

Daily rate histogram for Derivative in Central London

Derivative
Contractor Hourly Rate Trend in Central London

3-month moving average hourly rates quoted in jobs citing Derivative in Central London.

Hourly rate trend for Derivative in Central London

Derivative
Contract Job Locations in Central London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Derivative within the Central London region over the 6 months to 5 August 2020. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +89 36 £625 -3.85% 10
City of Westminster - 2 £700 -
Derivative
London

For the 6 months to 5 August 2020, IT contractor jobs citing Derivative also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the Central London region with a requirement for Derivative.

1 19 (50.00%) Finance
2 18 (47.37%) Java
3 16 (42.11%) Fixed Income
4 15 (39.47%) Front Office
5 14 (36.84%) Agile Software Development
5 14 (36.84%) Test Automation
6 12 (31.58%) Multithreading
6 12 (31.58%) Foreign Exchange (FX)
7 11 (28.95%) OO
7 11 (28.95%) Electronic Trading
8 10 (26.32%) Python
9 9 (23.68%) SQL
10 8 (21.05%) OOD
10 8 (21.05%) Scrum
10 8 (21.05%) Git (software)
10 8 (21.05%) Maven
10 8 (21.05%) Robot Framework
10 8 (21.05%) Automated Trading
11 7 (18.42%) Risk Management
12 5 (13.16%) Banking
12 5 (13.16%) C++
13 4 (10.53%) C#
13 4 (10.53%) Oracle
13 4 (10.53%) TDD
13 4 (10.53%) Equities
13 4 (10.53%) Financial Institution
13 4 (10.53%) Spring
13 4 (10.53%) Equity Derivative
13 4 (10.53%) FIX Protocol
13 4 (10.53%) Mathematics

Derivative
Co-occurring IT Skills in Central London 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:

Application Platforms
1 1 (2.63%) IBM HTTP Server
1 1 (2.63%) Tomcat
Applications
1 3 (7.89%) Microsoft Excel
Business Applications
1 1 (2.63%) Front Arena
1 1 (2.63%) ION MarketView
1 1 (2.63%) Markit EDM
1 1 (2.63%) thinkFolio
Cloud Services
1 2 (5.26%) Cloud Computing
2 1 (2.63%) Azure
Database & Business Intelligence
1 3 (7.89%) SQL Server
2 2 (5.26%) Redis
Development Applications
1 8 (21.05%) Git (software)
1 8 (21.05%) Maven
1 8 (21.05%) Robot Framework
2 2 (5.26%) Cucumber
3 1 (2.63%) Jenkins
3 1 (2.63%) TeamCity
General
1 19 (50.00%) Finance
2 15 (39.47%) Front Office
3 5 (13.16%) Banking
4 4 (10.53%) Financial Institution
5 1 (2.63%) Investment Banking
5 1 (2.63%) Legal
Job Titles
1 25 (65.79%) Developer
2 15 (39.47%) Java Developer
3 8 (21.05%) Agile Developer
3 8 (21.05%) Agile Java Developer
3 8 (21.05%) Electronic Trading Developer
3 8 (21.05%) Electronic Trading Java Developer
4 5 (13.16%) Analyst
5 4 (10.53%) Business Analyst
6 3 (7.89%) Architect
6 3 (7.89%) Quantitative Developer
7 2 (5.26%) Python Developer
7 2 (5.26%) RAD Developer
7 2 (5.26%) Solutions Architect
8 1 (2.63%) Business Integration Analyst
8 1 (2.63%) Data Integration Analyst
8 1 (2.63%) Front Arena Consultant
8 1 (2.63%) Integration Analyst
8 1 (2.63%) IT Business Analyst
8 1 (2.63%) Market Risk Business Analyst
8 1 (2.63%) Test Automation Engineer
Libraries, Frameworks & Software Standards
1 4 (10.53%) FIX Protocol
1 4 (10.53%) NumPy
1 4 (10.53%) Spring
2 3 (7.89%) .NET
3 2 (5.26%) AngularJS
3 2 (5.26%) CSS
3 2 (5.26%) FIXML
3 2 (5.26%) FpML
3 2 (5.26%) HTML
3 2 (5.26%) Pandas
3 2 (5.26%) XSLT
4 1 (2.63%) .NET Core
4 1 (2.63%) ASP.NET Core
4 1 (2.63%) ASP.NET Web API
4 1 (2.63%) Enzyme
4 1 (2.63%) Jest
4 1 (2.63%) JMS
4 1 (2.63%) REST
Miscellaneous
1 16 (42.11%) Fixed Income
2 12 (31.58%) Foreign Exchange (FX)
3 4 (10.53%) Equities
3 4 (10.53%) Equity Derivative
4 3 (7.89%) Analytical Skills
4 3 (7.89%) Credit Risk
4 3 (7.89%) Greenfield Project
4 3 (7.89%) Hedge funds
4 3 (7.89%) Market Risk
5 2 (5.26%) Credit Derivative
5 2 (5.26%) Swaptions
6 1 (2.63%) Algorithms
6 1 (2.63%) Data Structures
6 1 (2.63%) Energy Derivatives
6 1 (2.63%) Exotic Derivative
6 1 (2.63%) Interest Rate Derivative
6 1 (2.63%) OTC Derivatives
Operating Systems
1 1 (2.63%) Linux
1 1 (2.63%) Unix
Processes & Methodologies
1 14 (36.84%) Agile Software Development
1 14 (36.84%) Test Automation
2 12 (31.58%) Multithreading
3 11 (28.95%) Electronic Trading
3 11 (28.95%) OO
4 8 (21.05%) Automated Trading
4 8 (21.05%) OOD
4 8 (21.05%) Scrum
5 7 (18.42%) Risk Management
6 4 (10.53%) Mathematics
6 4 (10.53%) TDD
7 3 (7.89%) Analytics
7 3 (7.89%) Concurrent Programming
7 3 (7.89%) Migration
7 3 (7.89%) Software Engineering
8 2 (5.26%) Asset Management
8 2 (5.26%) Performance Optimisation
8 2 (5.26%) Project Delivery
8 2 (5.26%) Quantitative Research
8 2 (5.26%) SDLC
Programming Languages
1 18 (47.37%) Java
2 10 (26.32%) Python
3 9 (23.68%) SQL
4 5 (13.16%) C++
5 4 (10.53%) C#
6 2 (5.26%) VBA
7 1 (2.63%) Java 8
7 1 (2.63%) JavaScript
Qualifications
1 1 (2.63%) ACCA
1 1 (2.63%) CIMA
1 1 (2.63%) Computer Science Degree
1 1 (2.63%) Degree
Quality Assurance & Compliance
1 1 (2.63%) Data Quality
1 1 (2.63%) EMIR
1 1 (2.63%) GAAP
1 1 (2.63%) IFRS
1 1 (2.63%) QA
1 1 (2.63%) Sarbanes-Oxley
System Software
1 1 (2.63%) Docker
Systems Management
1 1 (2.63%) Control-M
1 1 (2.63%) Kubernetes
Vendors
1 4 (10.53%) Oracle
2 1 (2.63%) Informatica
2 1 (2.63%) ION Trading
2 1 (2.63%) Sybase