Period
to 8 August 2020

The table below looks at the prevalence of the term Foreign Exchange (FX) 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 Foreign Exchange (FX) over the 6 months to 8 August 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.

Foreign Exchange (FX)
Central London > City of London
6 months to
8 Aug 2020
Same period 2019 Same period 2018
Rank 72 151 96
Rank change year-on-year +79 -55 -31
Contract jobs citing Foreign Exchange (FX) 64 89 183
As % of all contract jobs advertised in the City of London 2.87% 1.37% 2.63%
As % of the Miscellaneous category 8.03% 4.17% 6.41%
Number of daily rates quoted 45 76 164
Median daily rate £650 £630 £650
Median daily rate % change year-on-year +3.17% -3.08% +8.33%
10th Percentile £513 £422 £494
90th Percentile £850 £763 £838
Central London median daily rate £650 £630 £650
% change year-on-year +3.17% -3.08% +8.33%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
Central London median hourly rate - - -

Foreign Exchange (FX) 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 797 2,133 2,854
As % of all contract IT jobs advertised in the City of London 35.77% 32.84% 41.02%
Number of daily rates quoted 517 1,585 2,176
Median daily rate £525 £525 £525
10th Percentile £313 £325 £313
90th Percentile £700 £678 £725
Central London median daily rate £513 £525 £520
% change year-on-year -2.38% +0.96% -0.95%
Number of hourly rates quoted 38 47 51
Median hourly rate £35.25 £20.83 £20.00
Median hourly rate % change year-on-year +69.23% +4.15% -5.56%
10th Percentile £12.66 £11.25 £14.25
90th Percentile £47.75 £55.90 £46.39
Median hourly rate £35.25 £21.00 £20.00
% change year-on-year +67.86% +5.00% +6.95%

Foreign Exchange (FX)
Job Vacancy Trend in the City of London

Job postings citing Foreign Exchange (FX) as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Foreign Exchange (FX) in the City of London

Foreign Exchange (FX)
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Foreign Exchange (FX) in the City of London.

Daily rate trend for Foreign Exchange (FX) in the City of London

Foreign Exchange (FX)
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Foreign Exchange (FX) in the City of London over the 6 months to 8 August 2020.

Daily rate histogram for Foreign Exchange (FX) in the City of London

Foreign Exchange (FX)
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Foreign Exchange (FX) in the City of London.

Hourly rate trend for Foreign Exchange (FX) in the City of London

For the 6 months to 8 August 2020, IT contractor jobs citing Foreign Exchange (FX) 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 Foreign Exchange (FX).

1 32 (50.00%) Java
2 31 (48.44%) Fixed Income
2 31 (48.44%) Agile Software Development
3 29 (45.31%) Front Office
4 24 (37.50%) Banking
5 21 (32.81%) Python
6 19 (29.69%) Electronic Trading
7 16 (25.00%) Finance
8 13 (20.31%) Test Automation
8 13 (20.31%) Git (software)
8 13 (20.31%) Multithreading
9 12 (18.75%) Derivative
10 10 (15.63%) Scrum
10 10 (15.63%) Investment Banking
10 10 (15.63%) OOD
10 10 (15.63%) OO
10 10 (15.63%) C++
11 8 (12.50%) Maven
11 8 (12.50%) Robot Framework
11 8 (12.50%) Analytics
11 8 (12.50%) Automated Trading
12 7 (10.94%) Microservices
12 7 (10.94%) Spring
12 7 (10.94%) C#
13 6 (9.38%) SQL
13 6 (9.38%) Risk Management
13 6 (9.38%) Workflow
13 6 (9.38%) TDD
13 6 (9.38%) FIX Protocol
14 5 (7.81%) Spreadsheet

Foreign Exchange (FX)
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 3 (4.69%) CMS
2 1 (1.56%) Apache
2 1 (1.56%) Apache Spark
2 1 (1.56%) IIS
Applications
1 5 (7.81%) Spreadsheet
2 1 (1.56%) Microsoft Excel
Cloud Services
1 2 (3.13%) Azure
2 1 (1.56%) AWS
2 1 (1.56%) GCP
2 1 (1.56%) NuGet
2 1 (1.56%) SaaS
Database & Business Intelligence
1 4 (6.25%) PostgreSQL
2 3 (4.69%) SQL Server
3 1 (1.56%) Big Data
3 1 (1.56%) Hazelcast
3 1 (1.56%) MongoDB
3 1 (1.56%) NoSQL
3 1 (1.56%) QlikView
3 1 (1.56%) Redis
Development Applications
1 13 (20.31%) Git (software)
2 8 (12.50%) Maven
2 8 (12.50%) Robot Framework
3 5 (7.81%) git-flow
3 5 (7.81%) GitLab
4 3 (4.69%) Visual Studio
5 2 (3.13%) Jenkins
6 1 (1.56%) Cucumber
6 1 (1.56%) Gradle
6 1 (1.56%) JIRA
6 1 (1.56%) JUnit
6 1 (1.56%) Octopus Deploy
6 1 (1.56%) ReSharper
6 1 (1.56%) Sonatype Nexus
6 1 (1.56%) Team Foundation Server
6 1 (1.56%) TeamCity
General
1 29 (45.31%) Front Office
2 24 (37.50%) Banking
3 16 (25.00%) Finance
4 10 (15.63%) Investment Banking
5 1 (1.56%) Back Office
5 1 (1.56%) Law
5 1 (1.56%) Legal
Job Titles
1 42 (65.63%) Developer
2 20 (31.25%) Java Developer
3 12 (18.75%) Electronic Trading Developer
4 11 (17.19%) Electronic Trading Java Developer
5 9 (14.06%) Quantitative Developer
6 8 (12.50%) Agile Developer
6 8 (12.50%) Agile Java Developer
7 7 (10.94%) Python Developer
7 7 (10.94%) Senior Developer
8 6 (9.38%) Analyst
8 6 (9.38%) Senior Java Developer
9 5 (7.81%) Consultant
9 5 (7.81%) Electronic Trading Consultant
9 5 (7.81%) Front Office Developer
9 5 (7.81%) Java Consultant
9 5 (7.81%) Pricing Consultant
10 4 (6.25%) AWS Developer
11 3 (4.69%) C++ Developer
11 3 (4.69%) Python Engineer
12 2 (3.13%) Project Manager
Libraries, Frameworks & Software Standards
1 7 (10.94%) Spring
2 6 (9.38%) FIX Protocol
3 4 (6.25%) Hibernate
4 3 (4.69%) .NET
5 2 (3.13%) .NET Framework
5 2 (3.13%) FpML
5 2 (3.13%) Murex Flex
5 2 (3.13%) Murex MxML
5 2 (3.13%) WPF
6 1 (1.56%) .NET Core
6 1 (1.56%) ASP.NET Web API
6 1 (1.56%) Drools
6 1 (1.56%) Enzyme
6 1 (1.56%) Esper
6 1 (1.56%) Jest
6 1 (1.56%) Kafka
6 1 (1.56%) NancyFx
6 1 (1.56%) React
6 1 (1.56%) RESTful
6 1 (1.56%) Spring Boot
Miscellaneous
1 31 (48.44%) Fixed Income
2 12 (18.75%) Derivative
3 4 (6.25%) Algorithms
3 4 (6.25%) Analytical Skills
3 4 (6.25%) Equities
4 3 (4.69%) Greenfield Project
5 2 (3.13%) Credit Risk
5 2 (3.13%) Data Structures
5 2 (3.13%) Enterprise Software
5 2 (3.13%) Market Risk
6 1 (1.56%) Credit Derivative
6 1 (1.56%) Equity Derivative
6 1 (1.56%) Hedge funds
6 1 (1.56%) N-Tier
Operating Systems
1 2 (3.13%) Linux
2 1 (1.56%) Unix
Processes & Methodologies
1 31 (48.44%) Agile Software Development
2 19 (29.69%) Electronic Trading
3 13 (20.31%) Multithreading
3 13 (20.31%) Test Automation
4 10 (15.63%) OO
4 10 (15.63%) OOD
4 10 (15.63%) Scrum
5 8 (12.50%) Analytics
5 8 (12.50%) Automated Trading
6 7 (10.94%) Microservices
7 6 (9.38%) Risk Management
7 6 (9.38%) TDD
7 6 (9.38%) Workflow
8 5 (7.81%) Fintech
8 5 (7.81%) Low Latency
9 4 (6.25%) Algorithmic Trading
9 4 (6.25%) Continuous Deployment
9 4 (6.25%) Deployment Automation
10 3 (4.69%) Data Science
10 3 (4.69%) Trade Surveillance
Programming Languages
1 32 (50.00%) Java
2 21 (32.81%) Python
3 10 (15.63%) C++
4 7 (10.94%) C#
5 6 (9.38%) SQL
6 2 (3.13%) JavaScript
7 1 (1.56%) Java 8
7 1 (1.56%) Kotlin
Qualifications
1 3 (4.69%) Degree
2 2 (3.13%) Computer Science Degree
3 1 (1.56%) PhD
Quality Assurance & Compliance
1 1 (1.56%) EMIR
1 1 (1.56%) MiFID
1 1 (1.56%) QA
System Software
1 1 (1.56%) Docker
Systems Management
1 1 (1.56%) Ansible
1 1 (1.56%) Kubernetes
Vendors
1 3 (4.69%) Murex
2 1 (1.56%) Bloomberg
2 1 (1.56%) Cognizant
2 1 (1.56%) Microsoft
2 1 (1.56%) Oracle
2 1 (1.56%) Solace
2 1 (1.56%) Sybase