Period
to 27 October 2020

The table below looks at the prevalence of the term Derivative in contract job vacancies advertised in the City of London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Derivative over the 6 months to 27 October 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
Central London > City of London
6 months to
27 Oct 2020
Same period 2019 Same period 2018
Rank 62 174 137
Rank change year-on-year +112 -37 -71
Contract jobs citing Derivative 54 55 124
As % of all contract jobs advertised in the City of London 3.00% 0.93% 1.77%
As % of the Miscellaneous category 8.04% 2.93% 4.42%
Number of daily rates quoted 19 42 96
Median daily rate £650 £600 £625
Median daily rate % change year-on-year +8.33% -4.00% +2.04%
10th Percentile £523 £419 £506
90th Percentile £765 £736 £775
Central London median daily rate £675 £600 £625
% change year-on-year +12.50% -4.00% +2.04%
Number of hourly rates quoted 1 0 0
Median hourly rate £35.00 - -
Central 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 the City of London with a requirement for generic IT skills.

All Generic IT Skills
City of London
Contract vacancies with a requirement for generic IT skills 672 1,879 2,803
As % of all contract IT jobs advertised in the City of London 37.33% 31.64% 40.12%
Number of daily rates quoted 435 1,431 2,178
Median daily rate £525 £525 £525
10th Percentile £313 £305 £300
90th Percentile £713 £700 £713
Central London median daily rate £525 £520 £525
% change year-on-year +0.96% -0.95% -
Number of hourly rates quoted 25 33 54
Median hourly rate £35.50 £20.83 £19.38
Median hourly rate % change year-on-year +70.43% +7.51% -9.04%
10th Percentile £15.80 £11.80 £13.31
90th Percentile £47.75 £50.83 £37.09
Median hourly rate £35.00 £21.00 £19.38
% change year-on-year +66.67% +8.39% -5.49%

Derivative
Job Vacancy Trend in the City of London

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

Job vacancy trend for Derivative in the City of London

Derivative
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Derivative in the City of London.

Daily rate trend for Derivative in the City of London

Derivative
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Derivative in the City of London over the 6 months to 27 October 2020.

Daily rate histogram for Derivative in the City of London

Derivative
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Derivative in the City of London.

Hourly rate trend for Derivative in the City of London

For the 6 months to 27 October 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 City of London region with a requirement for Derivative.

1 29 (53.70%) Finance
2 24 (44.44%) Java
3 19 (35.19%) Foreign Exchange (FX)
3 19 (35.19%) Fixed Income
4 17 (31.48%) Agile Software Development
5 15 (27.78%) Python
6 14 (25.93%) Front Office
6 14 (25.93%) Multithreading
7 13 (24.07%) Electronic Trading
7 13 (24.07%) Git (software)
7 13 (24.07%) Test Automation
7 13 (24.07%) Maven
7 13 (24.07%) Scrum
7 13 (24.07%) Banking
7 13 (24.07%) OOD
7 13 (24.07%) OO
7 13 (24.07%) Automated Trading
8 12 (22.22%) Robot Framework
8 12 (22.22%) Risk Management
9 9 (16.67%) C++
10 8 (14.81%) Energy Derivatives
11 6 (11.11%) Market Risk
11 6 (11.11%) SQL
11 6 (11.11%) Analytical Skills
12 5 (9.26%) Self-Motivation
12 5 (9.26%) Oracle
12 5 (9.26%) Equities
12 5 (9.26%) Mathematics
12 5 (9.26%) Data Analysis
13 4 (7.41%) Asset Management

Derivative
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:

Applications
1 1 (1.85%) Microsoft Excel
Business Applications
1 1 (1.85%) ION MarketView
1 1 (1.85%) Markit EDM
1 1 (1.85%) thinkFolio
Cloud Services
1 1 (1.85%) AWS
1 1 (1.85%) Azure
1 1 (1.85%) npm
1 1 (1.85%) Yarn
Database & Business Intelligence
1 2 (3.70%) Data Mining
2 1 (1.85%) Apache Cassandra
2 1 (1.85%) NoSQL
2 1 (1.85%) Oracle Database
2 1 (1.85%) Oracle Reports
2 1 (1.85%) SQL Server
Development Applications
1 13 (24.07%) Git (software)
1 13 (24.07%) Maven
2 12 (22.22%) Robot Framework
3 1 (1.85%) Cucumber
3 1 (1.85%) JIRA
3 1 (1.85%) webpack
General
1 29 (53.70%) Finance
2 14 (25.93%) Front Office
3 13 (24.07%) Banking
4 3 (5.56%) Investment Banking
5 2 (3.70%) Advertising
5 2 (3.70%) International Banking
6 1 (1.85%) Back Office
6 1 (1.85%) Legal
Job Titles
1 27 (50.00%) Developer
2 22 (40.74%) Analyst
3 18 (33.33%) Java Developer
4 13 (24.07%) Electronic Trading Developer
4 13 (24.07%) Electronic Trading Java Developer
5 12 (22.22%) Agile Developer
5 12 (22.22%) Agile Java Developer
6 9 (16.67%) Qualitative Analyst
6 9 (16.67%) Quantitative Analyst
7 8 (14.81%) Business Analyst
8 5 (9.26%) Quantitative Developer
9 4 (7.41%) Pricing Analyst
9 4 (7.41%) Python Developer
9 4 (7.41%) Validation Analyst
10 3 (5.56%) Architect
10 3 (5.56%) Asset Management Analyst
10 3 (5.56%) Data Analyst
10 3 (5.56%) Senior Developer
11 2 (3.70%) Murex Analyst
11 2 (3.70%) Solutions Architect
Libraries, Frameworks & Software Standards
1 3 (5.56%) Spring
2 2 (3.70%) FIX Protocol
3 1 (1.85%) AngularJS
3 1 (1.85%) Boost C++ Libraries
3 1 (1.85%) Enzyme
3 1 (1.85%) FpML
3 1 (1.85%) Hibernate
3 1 (1.85%) Jest
3 1 (1.85%) JMS
3 1 (1.85%) Kafka
3 1 (1.85%) React
3 1 (1.85%) Spring Boot
3 1 (1.85%) STL
3 1 (1.85%) Web Services
3 1 (1.85%) XML
3 1 (1.85%) XSD
3 1 (1.85%) XSLT
Miscellaneous
1 19 (35.19%) Fixed Income
1 19 (35.19%) Foreign Exchange (FX)
2 8 (14.81%) Energy Derivatives
3 6 (11.11%) Analytical Skills
3 6 (11.11%) Market Risk
4 5 (9.26%) Equities
4 5 (9.26%) Self-Motivation
5 4 (7.41%) OTC Derivatives
6 3 (5.56%) Equity Derivative
6 3 (5.56%) Hedge funds
7 1 (1.85%) Algorithms
7 1 (1.85%) Credit Derivative
7 1 (1.85%) Credit Risk
7 1 (1.85%) Exotic Derivative
7 1 (1.85%) Greenfield Project
7 1 (1.85%) Interest Rate Derivative
Operating Systems
1 1 (1.85%) Linux
1 1 (1.85%) Unix
Processes & Methodologies
1 17 (31.48%) Agile Software Development
2 14 (25.93%) Multithreading
3 13 (24.07%) Automated Trading
3 13 (24.07%) Electronic Trading
3 13 (24.07%) OO
3 13 (24.07%) OOD
3 13 (24.07%) Scrum
3 13 (24.07%) Test Automation
4 12 (22.22%) Risk Management
5 5 (9.26%) Data Analysis
5 5 (9.26%) Mathematics
6 4 (7.41%) Asset Management
6 4 (7.41%) Low Latency
6 4 (7.41%) Validation
7 3 (5.56%) Analytics
7 3 (5.56%) Business Analysis
7 3 (5.56%) Data Management
7 3 (5.56%) Migration
7 3 (5.56%) Physics
7 3 (5.56%) Software Engineering
Programming Languages
1 24 (44.44%) Java
2 15 (27.78%) Python
3 9 (16.67%) C++
4 6 (11.11%) SQL
5 2 (3.70%) C#
5 2 (3.70%) Haskell
5 2 (3.70%) Java 8
5 2 (3.70%) Scala
5 2 (3.70%) TypeScript
6 1 (1.85%) JavaScript
Qualifications
1 1 (1.85%) Computer Science Degree
1 1 (1.85%) Degree
Quality Assurance & Compliance
1 3 (5.56%) Data Quality
2 1 (1.85%) COREP
2 1 (1.85%) EMIR
2 1 (1.85%) QA
System Software
1 2 (3.70%) Docker
Systems Management
1 2 (3.70%) Kubernetes
Vendors
1 5 (9.26%) Oracle
2 2 (3.70%) Apple
2 2 (3.70%) Murex
3 1 (1.85%) Atlassian
3 1 (1.85%) Hyperion
3 1 (1.85%) ION Trading
3 1 (1.85%) Sybase