Period
to 22 January 2019

The table below provides summary statistics for contract job vacancies advertised in the City of London with a requirement for knowledge and experience of Currenex products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Currenex over the 6 months to 22 January 2019 with a comparison to the same period in 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.

The figures below represent the IT contractor job market in general and are not representative of contractor rates within Currenex, Inc.

Currenex
Central London > City of London
6 months to
22 Jan 2019
Same period 2018 Same period 2017
Rank 238 243 230
Rank change year-on-year +5 -13 -
Contract jobs citing Currenex 2 7 2
As % of all contract IT jobs advertised in the City of London 0.029% 0.099% 0.033%
As % of the Vendors category 0.077% 0.26% 0.076%
Number of daily rates quoted 2 7 1
City of London median daily rate £725 £600 £700
Median daily rate % change year-on-year +20.83% -14.29% -
10th Percentile £688 £522 £675
90th Percentile £763 £780 £725
Central London median daily rate £725 £600 £700
% change year-on-year +20.83% -14.29% -
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

Currenex is in the Vendor Products and Services category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for knowledge or experience of vendor products and services advertised in the City of London.

All Vendors
City of London
Contract vacancies with a requirement for knowledge or experience of vendor products and services 2,581 2,700 2,630
As % of all contract IT jobs advertised in the City of London 37.84% 38.17% 43.00%
Number of daily rates quoted 1,897 2,063 1,977
City of London median daily rate £475 £484 £450
Median daily rate % change year-on-year -1.76% +7.44% +4.65%
10th Percentile £225 £278 £295
90th Percentile £650 £675 £638
Central London median daily rate £485 £475 £450
% change year-on-year +2.11% +5.56% +5.88%
Number of hourly rates quoted 56 55 41
City of London median hourly rate £18.70 £17.00 £21.75
Median hourly rate % change year-on-year +10.00% -21.84% +17.57%
10th Percentile £13.00 £11.25 £12.50
90th Percentile £27.25 £30.90 £55.00
Central London median hourly rate £18.70 £18.85 £19.00
% change year-on-year -0.80% -0.79% +5.56%

Currenex
Job Vacancy Trend in the City of London

Job postings citing Currenex as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Currenex in the City of London

Currenex
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Currenex in the City of London.

Contractor daily rate trend for Currenex in the City of London

For the 6 months to 22 January 2019, IT contractor jobs citing Currenex 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 City of London region with a requirement for Currenex.

1 2 (100.00%) Java
1 2 (100.00%) Foreign Exchange (FX)
1 2 (100.00%) Front Office
1 2 (100.00%) Equities
1 2 (100.00%) Algorithmic Trading
1 2 (100.00%) Multithreading
1 2 (100.00%) Low Latency
1 2 (100.00%) Market Making
1 2 (100.00%) FX Algorithmic Trading
1 2 (100.00%) Performance Optimisation
1 2 (100.00%) Multithreaded Programming

Currenex
Co-occurring IT Skills in the City of 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:

General
1 2 (100.00%) Front Office
Job Titles
1 2 (100.00%) Developer
1 2 (100.00%) Front Office Developer
1 2 (100.00%) Java Developer
Miscellaneous
1 2 (100.00%) Equities
1 2 (100.00%) Foreign Exchange (FX)
Processes & Methodologies
1 2 (100.00%) Algorithmic Trading
1 2 (100.00%) FX Algorithmic Trading
1 2 (100.00%) Low Latency
1 2 (100.00%) Market Making
1 2 (100.00%) Multithreaded Programming
1 2 (100.00%) Multithreading
1 2 (100.00%) Performance Optimisation
Programming Languages
1 2 (100.00%) Java