Period
to 25 June 2019

The table below looks at the prevalence of the term OTC Derivatives in contract job vacancies advertised in Central London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited OTC Derivatives over the 6 months to 25 June 2019 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.

Over-the-Counter (OTC) Derivatives
London > Central London
6 months to
25 Jun 2019
Same period 2018 Same period 2017
Rank 269 292 242
Rank change year-on-year +23 -50 +12
Contract jobs citing OTC Derivatives 7 10 11
As % of all contract IT jobs advertised in Central London 0.083% 0.11% 0.15%
As % of the Miscellaneous category 0.24% 0.28% 0.39%
Number of daily rates quoted 4 9 10
Central London median daily rate £663 £500 £569
Median daily rate % change year-on-year +32.50% -12.09% -3.19%
10th Percentile £524 £386 £428
90th Percentile £705 £655 £810
London median daily rate £650 £615 £600
% change year-on-year +5.69% +2.50% -
Number of hourly rates quoted 0 0 0
Central London median hourly rate - - -
London median hourly rate - - -

OTC Derivatives 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 2,905 3,563 2,832
As % of all contract IT jobs advertised in Central London 34.44% 39.07% 38.28%
Number of daily rates quoted 2,103 2,708 2,108
Central London median daily rate £525 £520 £500
Median daily rate % change year-on-year +0.96% +4.00% +5.26%
10th Percentile £338 £315 £300
90th Percentile £686 £713 £675
London median daily rate £525 £500 £500
% change year-on-year +5.00% - +6.38%
Number of hourly rates quoted 51 55 28
Central London median hourly rate £20.50 £20.00 £16.50
Median hourly rate % change year-on-year +2.50% +21.21% -13.16%
10th Percentile £11.25 £12.79 £12.46
90th Percentile £49.13 £47.51 £29.77
London median hourly rate £24.50 £23.25 £23.00
% change year-on-year +5.38% +1.09% +14.71%

OTC Derivatives
Job Vacancy Trend in Central London

Job postings citing OTC Derivatives as a percentage of all IT jobs advertised in Central London.

Job vacancy trend for OTC Derivatives in Central London

OTC Derivatives
Contractor Daily Rate Trend in Central London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing OTC Derivatives in Central London.

Contractor daily rate trend for OTC Derivatives in Central London

OTC Derivatives
Contractor Daily Rate Histogram in Central London

The daily rate distribution of IT jobs citing OTC Derivatives in Central London over the 6 months to 25 June 2019.

Contractor daily rate histogram for OTC Derivatives in Central London

OTC Derivatives
Contractor Hourly Rate Trend in Central London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing OTC Derivatives in Central London.

Contractor hourly rate trend for OTC Derivatives in Central London

OTC Derivatives
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 OTC Derivatives within the Central London region over the 6 months to 25 June 2019. 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 +7 6 £675 +35.00% 2
OTC Derivatives
London

For the 6 months to 25 June 2019, IT contractor jobs citing OTC Derivatives 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 OTC Derivatives.

1 7 (100.00%) Derivative
2 4 (57.14%) Fixed Income
2 4 (57.14%) Agile Software Development
3 3 (42.86%) Equities
3 3 (42.86%) Investment Management
3 3 (42.86%) Finance
4 2 (28.57%) Legal
4 2 (28.57%) Risk Management
4 2 (28.57%) Workflow
4 2 (28.57%) Java
4 2 (28.57%) Foreign Exchange (FX)
4 2 (28.57%) Project Management
4 2 (28.57%) TDD
4 2 (28.57%) Banking
4 2 (28.57%) FIX Protocol
4 2 (28.57%) QA
4 2 (28.57%) Analytical Skills
4 2 (28.57%) Microservices
4 2 (28.57%) Scrum
5 1 (14.29%) Prime Brokerage
5 1 (14.29%) Java 8
5 1 (14.29%) Problem-Solving
5 1 (14.29%) React
5 1 (14.29%) Concurrent Programming
5 1 (14.29%) SDLC
5 1 (14.29%) Stakeholder Analysis
5 1 (14.29%) Unit Testing
5 1 (14.29%) Electronic Trading
5 1 (14.29%) Computer Science
5 1 (14.29%) Equity Derivative

OTC Derivatives
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:

Business Applications
1 1 (14.29%) Markit EDM
Database & Business Intelligence
1 1 (14.29%) Apache Cassandra
1 1 (14.29%) Data Warehouse
1 1 (14.29%) NoSQL
1 1 (14.29%) Relational Database
1 1 (14.29%) SQL Server
General
1 3 (42.86%) Finance
2 2 (28.57%) Banking
2 2 (28.57%) Legal
3 1 (14.29%) Front Office
3 1 (14.29%) Investment Banking
3 1 (14.29%) Prime Brokerage
Job Titles
1 3 (42.86%) Developer
2 2 (28.57%) Java Developer
2 2 (28.57%) Onboarding Manager
3 1 (14.29%) Analyst
3 1 (14.29%) Analyst Developer
3 1 (14.29%) Consultant
3 1 (14.29%) Derivatives Project Manager
3 1 (14.29%) NoSQL Developer
3 1 (14.29%) Project Manager
Libraries, Frameworks & Software Standards
1 2 (28.57%) FIX Protocol
2 1 (14.29%) Middleware
2 1 (14.29%) React
2 1 (14.29%) Spring
Miscellaneous
1 7 (100.00%) Derivative
2 4 (57.14%) Fixed Income
3 3 (42.86%) Equities
4 2 (28.57%) Analytical Skills
4 2 (28.57%) Foreign Exchange (FX)
5 1 (14.29%) Credit Derivative
5 1 (14.29%) Enterprise Software
5 1 (14.29%) Equity Derivative
Processes & Methodologies
1 4 (57.14%) Agile Software Development
2 3 (42.86%) Investment Management
3 2 (28.57%) Microservices
3 2 (28.57%) Project Management
3 2 (28.57%) Risk Management
3 2 (28.57%) Scrum
3 2 (28.57%) TDD
3 2 (28.57%) Workflow
4 1 (14.29%) Asset Management
4 1 (14.29%) Computer Science
4 1 (14.29%) Concurrent Programming
4 1 (14.29%) Data Architecture
4 1 (14.29%) Electronic Trading
4 1 (14.29%) PRINCE2
4 1 (14.29%) Problem-Solving
4 1 (14.29%) SDLC
4 1 (14.29%) Service Delivery
4 1 (14.29%) Stakeholder Management
4 1 (14.29%) Unit Testing
4 1 (14.29%) Waterfall
Programming Languages
1 2 (28.57%) Java
2 1 (14.29%) Java 8
2 1 (14.29%) SQL
Qualifications
1 1 (14.29%) Degree
Quality Assurance & Compliance
1 2 (28.57%) QA
System Software
1 1 (14.29%) Apache ZooKeeper