Period
to 14 December 2018

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 14 December 2018 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
14 Dec 2018
Same period 2017 Same period 2016
Rank 294 267 252
Rank change year-on-year -27 -15 +13
Contract jobs citing OTC Derivatives 9 24 15
As % of all contract IT jobs advertised in Central London 0.097% 0.28% 0.19%
As % of the Miscellaneous category 0.24% 0.67% 0.49%
Number of daily rates quoted 7 22 14
Central London median daily rate £650 £600 £500
Median daily rate % change year-on-year +8.33% +20.00% -9.09%
10th Percentile £475 £480 £383
90th Percentile £785 £766 £625
London median daily rate £625 £550 £575
% change year-on-year +13.64% -4.35% +4.55%
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 3,706 3,591 3,065
As % of all contract IT jobs advertised in Central London 39.79% 41.41% 38.93%
Number of daily rates quoted 2,815 2,763 2,320
Central London median daily rate £525 £525 £475
Median daily rate % change year-on-year - +10.53% -
10th Percentile £300 £313 £313
90th Percentile £700 £713 £663
London median daily rate £525 £500 £475
% change year-on-year +5.00% +5.26% +5.56%
Number of hourly rates quoted 65 41 39
Central London median hourly rate £19.25 £22.02 £18.45
Median hourly rate % change year-on-year -12.56% +19.32% -5.38%
10th Percentile £13.59 £13.31 £11.25
90th Percentile £30.80 £34.36 £57.00
London median hourly rate £23.13 £21.40 £19.71
% change year-on-year +8.08% +8.57% -2.67%

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 14 December 2018.

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 14 December 2018. 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 -10 9 £650 +8.33% 4
OTC Derivatives
London

For the 6 months to 14 December 2018, 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 9 (100.00%) Derivative
2 5 (55.56%) Fixed Income
3 4 (44.44%) Java
3 4 (44.44%) Front Office
3 4 (44.44%) Agile Software Development
3 4 (44.44%) TDD
3 4 (44.44%) SDLC
4 3 (33.33%) Portfolio Management
4 3 (33.33%) Finance
5 2 (22.22%) Equities
5 2 (22.22%) C
5 2 (22.22%) C++
5 2 (22.22%) MySQL
5 2 (22.22%) Sybase
5 2 (22.22%) OO
5 2 (22.22%) Python
5 2 (22.22%) Foreign Exchange (FX)
5 2 (22.22%) Degree
5 2 (22.22%) Unit Testing
5 2 (22.22%) Multithreading
5 2 (22.22%) Investment Management
5 2 (22.22%) Open Source
5 2 (22.22%) Apache Cassandra
5 2 (22.22%) NoSQL
5 2 (22.22%) Apache Solr
5 2 (22.22%) REST
5 2 (22.22%) AngularJS
5 2 (22.22%) HBase
5 2 (22.22%) Riak
5 2 (22.22%) Enterprise Software

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:

Application Platforms
1 2 (22.22%) Apache Solr
1 2 (22.22%) Apache Spark
1 2 (22.22%) Elasticsearch
Database & Business Intelligence
1 2 (22.22%) Apache Cassandra
1 2 (22.22%) HBase
1 2 (22.22%) MySQL
1 2 (22.22%) NoSQL
1 2 (22.22%) Relational Database
1 2 (22.22%) Riak
2 1 (11.11%) Data Warehouse
Development Applications
1 1 (11.11%) Git (software)
1 1 (11.11%) Jasmine
1 1 (11.11%) Jenkins
1 1 (11.11%) Karma Test Runner
1 1 (11.11%) Maven
1 1 (11.11%) webpack
General
1 4 (44.44%) Front Office
2 3 (33.33%) Finance
3 2 (22.22%) Prime Brokerage
4 1 (11.11%) Banking
4 1 (11.11%) Financial Institution
4 1 (11.11%) Investment Banking
Job Titles
1 5 (55.56%) Developer
2 3 (33.33%) Java Developer
3 2 (22.22%) Analyst
3 2 (22.22%) Business Analyst
4 1 (11.11%) C Developer
4 1 (11.11%) C# Developer
4 1 (11.11%) C++ Developer
4 1 (11.11%) C++/Java Developer
4 1 (11.11%) Consultant
4 1 (11.11%) IT Manager
4 1 (11.11%) IT Project Manager
4 1 (11.11%) IT Services Manager
4 1 (11.11%) PMO Manager
4 1 (11.11%) Project Manager
4 1 (11.11%) Python Developer
4 1 (11.11%) Senior IT Manager
4 1 (11.11%) Senior Manager
4 1 (11.11%) Senior PMO
4 1 (11.11%) Senior Project Manager
4 1 (11.11%) Senior Service Manager
Libraries, Frameworks & Software Standards
1 2 (22.22%) AngularJS
1 2 (22.22%) React
1 2 (22.22%) REST
2 1 (11.11%) CSS
2 1 (11.11%) D3.js
2 1 (11.11%) FIX Protocol
2 1 (11.11%) HTML
2 1 (11.11%) JMS
2 1 (11.11%) MAPI
2 1 (11.11%) Node.js
2 1 (11.11%) SOAP
2 1 (11.11%) Ultra Messaging
2 1 (11.11%) WCF
2 1 (11.11%) WPF
Miscellaneous
1 9 (100.00%) Derivative
2 5 (55.56%) Fixed Income
3 2 (22.22%) Analytical Skills
3 2 (22.22%) Enterprise Software
3 2 (22.22%) Equities
3 2 (22.22%) Foreign Exchange (FX)
4 1 (11.11%) Equity Derivative
4 1 (11.11%) Fintech
4 1 (11.11%) Greenfield Project
4 1 (11.11%) Interest Rate Derivative
Processes & Methodologies
1 4 (44.44%) Agile Software Development
1 4 (44.44%) SDLC
1 4 (44.44%) TDD
2 3 (33.33%) Portfolio Management
3 2 (22.22%) Collateral Management
3 2 (22.22%) Enterprise Search
3 2 (22.22%) Investment Management
3 2 (22.22%) Multithreading
3 2 (22.22%) OO
3 2 (22.22%) Open Source
3 2 (22.22%) Problem-Solving
3 2 (22.22%) Unit Testing
4 1 (11.11%) Asset Management
4 1 (11.11%) Business Analysis
4 1 (11.11%) Incident Management
4 1 (11.11%) PRINCE2
4 1 (11.11%) Project Management
4 1 (11.11%) Project Planning
4 1 (11.11%) Risk Management
4 1 (11.11%) Time Management
Programming Languages
1 4 (44.44%) Java
2 2 (22.22%) C
2 2 (22.22%) C++
2 2 (22.22%) Python
2 2 (22.22%) TypeScript
3 1 (11.11%) C#
3 1 (11.11%) Java 8
3 1 (11.11%) SQL
Qualifications
1 2 (22.22%) Degree
2 1 (11.11%) PRINCE2 Certification
Quality Assurance & Compliance
1 1 (11.11%) Dodd-Frank
1 1 (11.11%) EMIR
1 1 (11.11%) MiFID
1 1 (11.11%) PMO
1 1 (11.11%) SLA
Vendors
1 2 (22.22%) Sybase
2 1 (11.11%) Bloomberg
2 1 (11.11%) Currenex
2 1 (11.11%) Sophis
2 1 (11.11%) TIBCO
2 1 (11.11%) Tradeweb