Period
to 30 October 2020

The table below looks at the prevalence of the term Fixed Income 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 Fixed Income over the 6 months to 30 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.

Fixed Income
Central London > City of London
6 months to
30 Oct 2020
Same period 2019 Same period 2018
Rank 45 170 94
Rank change year-on-year +125 -76 -27
Contract jobs citing Fixed Income 74 58 192
As % of all contract jobs advertised in the City of London 4.09% 0.97% 2.73%
As % of the Miscellaneous category 10.98% 3.07% 6.82%
Number of daily rates quoted 52 49 143
Median daily rate £690 £650 £625
Median daily rate % change year-on-year +6.15% +4.00% -
10th Percentile £553 £313 £438
90th Percentile £800 £760 £775
Central London median daily rate £700 £663 £625
% change year-on-year +5.66% +6.00% -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
Central London median hourly rate - - -

Fixed Income 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 674 1,889 2,814
As % of all contract IT jobs advertised in the City of London 37.26% 31.64% 39.99%
Number of daily rates quoted 436 1,435 2,196
Median daily rate £525 £525 £525
10th Percentile £309 £305 £300
90th Percentile £713 £700 £713
Central London median daily rate £525 £518 £525
% change year-on-year +1.45% -1.43% -
Number of hourly rates quoted 25 33 56
Median hourly rate £35.50 £20.83 £19.75
Median hourly rate % change year-on-year +70.43% +5.47% -7.28%
10th Percentile £15.80 £11.80 £13.31
90th Percentile £47.75 £50.83 £37.09
Median hourly rate £35.00 £21.00 £19.75
% change year-on-year +66.67% +6.33% -3.66%

Fixed Income
Job Vacancy Trend in the City of London

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

Job vacancy trend for Fixed Income in the City of London

Fixed Income
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Fixed Income in the City of London

Fixed Income
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Fixed Income in the City of London over the 6 months to 30 October 2020.

Daily rate histogram for Fixed Income in the City of London

Fixed Income
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for Fixed Income in the City of London

For the 6 months to 30 October 2020, IT contractor jobs citing Fixed Income 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 Fixed Income.

1 47 (63.51%) Java
2 46 (62.16%) Agile Software Development
3 35 (47.30%) Front Office
4 32 (43.24%) Finance
5 31 (41.89%) Electronic Trading
6 28 (37.84%) Scrum
6 28 (37.84%) Foreign Exchange (FX)
7 25 (33.78%) OO
8 24 (32.43%) Multithreading
9 21 (28.38%) Git (software)
10 20 (27.03%) Derivative
10 20 (27.03%) OOD
11 19 (25.68%) Banking
12 18 (24.32%) Automated Trading
13 15 (20.27%) Maven
14 14 (18.92%) Low Latency
15 13 (17.57%) Test Automation
16 12 (16.22%) Robot Framework
17 11 (14.86%) Linux
17 11 (14.86%) Python
18 10 (13.51%) TDD
19 9 (12.16%) Mathematics
19 9 (12.16%) C++
20 8 (10.81%) SQL
20 8 (10.81%) Risk Management
20 8 (10.81%) Spring
20 8 (10.81%) Analytics
20 8 (10.81%) Investment Management
21 7 (9.46%) Asset Management
21 7 (9.46%) Workflow

Fixed Income
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:

Application Platforms
1 4 (5.41%) Red Hat Fuse
2 3 (4.05%) Confluence
3 2 (2.70%) Apache
3 2 (2.70%) JBoss
Applications
1 5 (6.76%) MS Visio
2 4 (5.41%) Spreadsheet
Business Applications
1 1 (1.35%) ION MarketView
1 1 (1.35%) Markit EDM
1 1 (1.35%) thinkFolio
Cloud Services
1 2 (2.70%) Apigee
2 1 (1.35%) Amazon ECS
2 1 (1.35%) AWS
Communications & Networking
1 3 (4.05%) Multicast
2 2 (2.70%) AMQP
Database & Business Intelligence
1 6 (8.11%) Relational Database
2 4 (5.41%) SQL Server
3 3 (4.05%) MongoDB
4 2 (2.70%) MySQL
4 2 (2.70%) NoSQL
4 2 (2.70%) Oracle Database
4 2 (2.70%) RDBMS
5 1 (1.35%) Amazon Redshift
5 1 (1.35%) PostgreSQL
Development Applications
1 21 (28.38%) Git (software)
2 15 (20.27%) Maven
3 12 (16.22%) Robot Framework
4 5 (6.76%) git-flow
5 4 (5.41%) JIRA
6 3 (4.05%) Atlassian Bamboo
6 3 (4.05%) GCC
6 3 (4.05%) GDB
7 2 (2.70%) FishEye
7 2 (2.70%) Hudson
7 2 (2.70%) Jenkins
7 2 (2.70%) jMock
7 2 (2.70%) JUnit
7 2 (2.70%) Subversion
8 1 (1.35%) Ant
General
1 35 (47.30%) Front Office
2 32 (43.24%) Finance
3 19 (25.68%) Banking
4 7 (9.46%) Back Office
5 6 (8.11%) Investment Banking
5 6 (8.11%) Legal
5 6 (8.11%) Marketing
6 2 (2.70%) Advertising
Job Titles
1 55 (74.32%) Developer
2 36 (48.65%) Java Developer
3 23 (31.08%) Electronic Trading Developer
3 23 (31.08%) Electronic Trading Java Developer
4 12 (16.22%) Agile Developer
4 12 (16.22%) Agile Java Developer
5 10 (13.51%) Analyst
6 9 (12.16%) Front Office Developer
7 7 (9.46%) Quantitative Developer
8 5 (6.76%) C++ Developer
8 5 (6.76%) Consultant
9 4 (5.41%) Business Analyst
9 4 (5.41%) Electronic Trading Consultant
9 4 (5.41%) Java Consultant
9 4 (5.41%) Pricing Consultant
9 4 (5.41%) Pricing Developer
9 4 (5.41%) Process Analyst
9 4 (5.41%) Python Developer
10 3 (4.05%) C# Developer
10 3 (4.05%) C++ Pricing Developer
Libraries, Frameworks & Software Standards
1 8 (10.81%) Spring
2 7 (9.46%) JMS
3 6 (8.11%) Hibernate
3 6 (8.11%) Middleware
3 6 (8.11%) REST
3 6 (8.11%) Web Services
4 4 (5.41%) React
4 4 (5.41%) XML
5 3 (4.05%) Boost C++ Libraries
5 3 (4.05%) FIX Protocol
5 3 (4.05%) HTML
5 3 (4.05%) HTML5
5 3 (4.05%) JDBC
5 3 (4.05%) STL
5 3 (4.05%) WPF
6 2 (2.70%) AngularJS
6 2 (2.70%) JAX-RS
6 2 (2.70%) Murex MxML
6 2 (2.70%) Node.js
6 2 (2.70%) OSGi
Miscellaneous
1 28 (37.84%) Foreign Exchange (FX)
2 20 (27.03%) Derivative
3 6 (8.11%) Greenfield Project
4 4 (5.41%) Equities
5 3 (4.05%) Enterprise Software
6 2 (2.70%) Analytical Skills
6 2 (2.70%) Clustering
6 2 (2.70%) Equity Derivative
6 2 (2.70%) Market Risk
7 1 (1.35%) Credit Derivative
7 1 (1.35%) Interest Rate Derivative
7 1 (1.35%) OTC Derivatives
7 1 (1.35%) SWIFT
Operating Systems
1 11 (14.86%) Linux
2 5 (6.76%) Unix
2 5 (6.76%) Windows
Processes & Methodologies
1 46 (62.16%) Agile Software Development
2 31 (41.89%) Electronic Trading
3 28 (37.84%) Scrum
4 25 (33.78%) OO
5 24 (32.43%) Multithreading
6 20 (27.03%) OOD
7 18 (24.32%) Automated Trading
8 14 (18.92%) Low Latency
9 13 (17.57%) Test Automation
10 10 (13.51%) TDD
11 9 (12.16%) Mathematics
12 8 (10.81%) Analytics
12 8 (10.81%) Investment Management
12 8 (10.81%) Risk Management
13 7 (9.46%) Asset Management
13 7 (9.46%) Workflow
14 6 (8.11%) Change Management
14 6 (8.11%) CRM
14 6 (8.11%) Microservices
14 6 (8.11%) Scaled Agile Framework
Programming Languages
1 47 (63.51%) Java
2 11 (14.86%) Python
3 9 (12.16%) C++
4 8 (10.81%) SQL
5 5 (6.76%) C#
5 5 (6.76%) JavaScript
6 2 (2.70%) C
6 2 (2.70%) Java 8
6 2 (2.70%) Perl
6 2 (2.70%) T-SQL
Qualifications
1 4 (5.41%) CFA
1 4 (5.41%) CIMA
Quality Assurance & Compliance
1 1 (1.35%) ISO 20022
1 1 (1.35%) QA
System Software
1 5 (6.76%) Docker
Systems Management
1 5 (6.76%) Kubernetes
2 1 (1.35%) Terraform
Vendors
1 6 (8.11%) Oracle
2 3 (4.05%) Sybase
3 2 (2.70%) Atlassian
3 2 (2.70%) MuleSoft
3 2 (2.70%) Murex
3 2 (2.70%) WSO2
4 1 (1.35%) Charles River
4 1 (1.35%) ION Trading
4 1 (1.35%) Microsoft