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 3 months to 29 March 2017 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)
London / City of London
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 70 39 72
Rank change year-on-year -31 +33  
Contract jobs citing Foreign Exchange (FX) 94 162 138
As % of all contract IT jobs advertised in the City of London 3.06% 4.79% 2.70%
As % of the Miscellaneous category 8.33% 13.31% 7.40%
Number of daily rates quoted 77 141 127
Median daily rate £600 £600 £600
90% offered a daily rate of more than £450 £475 £400
10% offered a daily rate of more than £700 £725 £700
UK excluding London median daily rate £458 £400 £433
% change year-on-year +14.37% -7.51%  
Number of hourly rates quoted 0 2 0
Median hourly rate - £34.75 -
UK excluding London median hourly rate - - £13.50

Foreign Exchange (FX) is in the generic IT skills category. The next 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.

Generic IT Skills
City of London
Contract job vacancies with a requirement for generic IT skills 1128 1217 1865
As % of all contract IT job vacancies advertised in the City of London 36.72% 35.95% 36.47%
Number of daily rates quoted 863 970 1423
Median daily rate £525 £500 £464
Median daily rate % change year-on-year +5.00% +7.81%  
90% offered a daily rate of more than £308 £325 £290
10% offered a daily rate of more than £650 £675 £625
UK excluding London median daily rate £395 £375 £375
% change year-on-year +5.33% -  
Number of hourly rates quoted 8 27 35
Median hourly rate £19.00 £19.00 £17.87
Median hourly rate % change year-on-year - +6.35%  
90% offered a hourly rate of more than £13.79 £12.00 £12.65
10% offered a hourly rate of more than £28.35 £35.60 £27.37
UK excluding London median hourly rate £19.50 £26.50 £18.50
% change year-on-year -26.41% +43.24%  

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

The job posting trend of jobs advertised in the City of London citing Foreign Exchange (FX) as a proportion of all contract or permanent IT jobs with a match in the Miscellaneous category.

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

Foreign Exchange (FX)
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 Foreign Exchange (FX) in the City of London.

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

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

The daily rate distribution of IT jobs citing Foreign Exchange (FX) in the City of London over the 3 months to 29 March 2017.

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

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

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Foreign Exchange (FX) in the City of London.

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

For the 6 months to 29 March 2017, IT contractor jobs citing Foreign Exchange (FX) also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Foreign Exchange (FX).

1 107 (49.54%) Finance
2 91 (42.13%) Front Office
3 90 (41.67%) Banking
4 64 (29.63%) Derivative
5 60 (27.78%) Java
6 57 (26.39%) Agile Software Development
7 55 (25.46%) Investment Banking
8 45 (20.83%) SQL
8 45 (20.83%) Multithreading
9 40 (18.52%) Electronic Trading
9 40 (18.52%) Equities
10 38 (17.59%) Low Latency
11 37 (17.13%) C++
11 37 (17.13%) Unix
12 35 (16.20%) Linux
13 34 (15.74%) Risk Management
14 29 (13.43%) Fixed Income
15 26 (12.04%) Degree
16 24 (11.11%) MiFID
17 23 (10.65%) Oracle
17 23 (10.65%) Analytics
18 22 (10.19%) Analytical Skills
18 22 (10.19%) OO
18 22 (10.19%) FIX Protocol
19 21 (9.72%) Business Analysis
19 21 (9.72%) Murex
20 19 (8.80%) XML
20 19 (8.80%) Scrum
21 18 (8.33%) Mathematics
21 18 (8.33%) HTML

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 10 (4.63%) Apache Spark
2 8 (3.70%) Tomcat
3 6 (2.78%) Apache Pig
3 6 (2.78%) Mule
3 6 (2.78%) WebLogic
4 4 (1.85%) Elasticsearch
5 3 (1.39%) IIS
6 2 (0.93%) Confluence
6 2 (0.93%) SharePoint
7 1 (0.46%) DataSynapse
7 1 (0.46%) Oracle Coherence
7 1 (0.46%) Oracle Workflow
Applications
1 1 (0.46%) MS Visio
1 1 (0.46%) Spreadsheet
Business Applications
1 10 (4.63%) Summit
2 4 (1.85%) Global One
3 3 (1.39%) Minerva
4 2 (0.93%) Sentinel
4 2 (0.93%) Tesseract
5 1 (0.46%) ION MarketView
5 1 (0.46%) Orchestrade
5 1 (0.46%) SimCorp Dimension
Cloud Services
1 1 (0.46%) Amazon AWS
1 1 (0.46%) Cloud Computing
Communications & Networking
1 2 (0.93%) TCP/IP
2 1 (0.46%) DNS
2 1 (0.46%) Firewall
2 1 (0.46%) FTP
2 1 (0.46%) LAN
2 1 (0.46%) Multicast
Database & Business Intelligence
1 16 (7.41%) SQL Server
2 14 (6.48%) Big Data
3 11 (5.09%) Hadoop
4 9 (4.17%) Apache Cassandra
4 9 (4.17%) KDB
5 6 (2.78%) Data Warehouse
6 5 (2.31%) Data Lake
7 4 (1.85%) SQL Server Integration Services
8 3 (1.39%) Relational Database
8 3 (1.39%) SQL Server 2008
8 3 (1.39%) SQL Server 2012
8 3 (1.39%) SQL Server Reporting Services
9 2 (0.93%) BusinessObjects
9 2 (0.93%) Kdb+
9 2 (0.93%) NoSQL
9 2 (0.93%) Oracle Database
10 1 (0.46%) HBase
10 1 (0.46%) MySQL
10 1 (0.46%) Star Schema
10 1 (0.46%) Tick Data
Development Applications
1 16 (7.41%) Maven
2 13 (6.02%) JIRA
3 10 (4.63%) Jenkins
4 8 (3.70%) Mockito
5 7 (3.24%) EasyMock
5 7 (3.24%) JUnit
6 6 (2.78%) Cucumber
6 6 (2.78%) Selenium
7 5 (2.31%) Eclipse
8 4 (1.85%) Eclipse RCP
9 2 (0.93%) webpack
10 1 (0.46%) ERwin
10 1 (0.46%) Gradle
10 1 (0.46%) IntelliJ
10 1 (0.46%) NUnit
10 1 (0.46%) PowerBuilder
10 1 (0.46%) Subversion
10 1 (0.46%) Toad
General
1 107 (49.54%) Finance
2 91 (42.13%) Front Office
3 90 (41.67%) Banking
4 55 (25.46%) Investment Banking
5 12 (5.56%) Back Office
6 7 (3.24%) Financial Institution
7 6 (2.78%) Legal
8 1 (0.46%) Advertising
8 1 (0.46%) Corporate Banking
8 1 (0.46%) French Language
8 1 (0.46%) Marketing
8 1 (0.46%) Retail
8 1 (0.46%) Spanish Language
8 1 (0.46%) Telecoms
Job Titles
1 101 (46.76%) Developer
2 58 (26.85%) Analyst
3 47 (21.76%) Java Developer
4 46 (21.30%) Business Analyst
5 30 (13.89%) C++ Developer
6 23 (10.65%) Senior Developer
7 19 (8.80%) FX Business Analyst
7 19 (8.80%) Senior Java Developer
8 14 (6.48%) Low Latency C++ Developer
9 13 (6.02%) Credit Analyst
9 13 (6.02%) Front Office Developer
10 12 (5.56%) Architect
10 12 (5.56%) Electronic Trading Developer
11 11 (5.09%) Front Office Business Analyst
11 11 (5.09%) MiFID Business Analyst
12 9 (4.17%) C# Developer
12 9 (4.17%) Market Risk Java Developer
12 9 (4.17%) Project Manager
12 9 (4.17%) Support Analyst
12 9 (4.17%) Test Analyst
Libraries, Frameworks & Software Standards
1 22 (10.19%) FIX Protocol
2 19 (8.80%) XML
3 18 (8.33%) HTML
4 12 (5.56%) .NET
4 12 (5.56%) JMS
5 11 (5.09%) AngularJS
6 10 (4.63%) Middleware
6 10 (4.63%) Spring
7 9 (4.17%) Boost C++ Libraries
7 9 (4.17%) STL
8 8 (3.70%) HTML5
9 7 (3.24%) CSS
9 7 (3.24%) Hibernate
9 7 (3.24%) SOAP
9 7 (3.24%) Spring Boot
9 7 (3.24%) XSD
10 6 (2.78%) J2EE
10 6 (2.78%) JAXB
10 6 (2.78%) JSP
10 6 (2.78%) XSLT
Miscellaneous
1 64 (29.63%) Derivative
2 40 (18.52%) Equities
3 29 (13.43%) Fixed Income
4 22 (10.19%) Analytical Skills
5 16 (7.41%) Market Risk
6 11 (5.09%) Credit Derivative
7 10 (4.63%) Algorithms
8 8 (3.70%) Computer Science
8 8 (3.70%) Reference Data
9 7 (3.24%) Credit Risk
10 6 (2.78%) Data Structures
10 6 (2.78%) OTC Derivatives
10 6 (2.78%) Taxonomies
11 5 (2.31%) Management Information System
12 4 (1.85%) Fintech
12 4 (1.85%) Mainframe
13 3 (1.39%) User Experience
14 2 (0.93%) Data Centre
14 2 (0.93%) N-Tier
14 2 (0.93%) Virtual Team
Operating Systems
1 37 (17.13%) Unix
2 35 (16.20%) Linux
3 8 (3.70%) Windows
4 5 (2.31%) Windows Server
5 2 (0.93%) Solaris
6 1 (0.46%) AIX
6 1 (0.46%) Red Hat Enterprise Linux
6 1 (0.46%) Windows Server 2003
6 1 (0.46%) Windows Server 2008
6 1 (0.46%) Windows Server 2012
Processes & Methodologies
1 57 (26.39%) Agile Software Development
2 45 (20.83%) Multithreading
3 40 (18.52%) Electronic Trading
4 38 (17.59%) Low Latency
5 34 (15.74%) Risk Management
6 23 (10.65%) Analytics
7 22 (10.19%) OO
8 21 (9.72%) Business Analysis
9 19 (8.80%) Scrum
10 18 (8.33%) Mathematics
11 17 (7.87%) Concurrent Programming
11 17 (7.87%) TDD
12 16 (7.41%) Asset Management
12 16 (7.41%) BDD
12 16 (7.41%) E-Commerce
12 16 (7.41%) Stakeholder Management
13 15 (6.94%) High Availability
14 14 (6.48%) Multithreaded Programming
15 12 (5.56%) Migration
15 12 (5.56%) Ultra-Low Latency
Programming Languages
1 60 (27.78%) Java
2 45 (20.83%) SQL
3 37 (17.13%) C++
4 17 (7.87%) JavaScript
5 16 (7.41%) C#
6 11 (5.09%) Python
7 10 (4.63%) Scala
8 9 (4.17%) PL/SQL
8 9 (4.17%) Shell Script
9 8 (3.70%) Haskell
10 7 (3.24%) Bash Shell
11 5 (2.31%) Perl
12 4 (1.85%) C
13 3 (1.39%) VBA
14 2 (0.93%) ES6
15 1 (0.46%) Korn
15 1 (0.46%) PHP
15 1 (0.46%) PowerShell
15 1 (0.46%) R
15 1 (0.46%) T-SQL
Qualifications
1 26 (12.04%) Degree
2 3 (1.39%) PhD
3 1 (0.46%) IIBA
3 1 (0.46%) ISEB
Quality Assurance & Compliance
1 24 (11.11%) MiFID
2 4 (1.85%) QA
3 3 (1.39%) Dodd-Frank
3 3 (1.39%) EMIR
3 3 (1.39%) SLA
4 2 (0.93%) PCI DSS
5 1 (0.46%) Basel III
5 1 (0.46%) CRD IV
5 1 (0.46%) Data Quality
5 1 (0.46%) FATCA
5 1 (0.46%) IFRS
5 1 (0.46%) SDET
System Software
1 2 (0.93%) HDFS
1 2 (0.93%) VMware Infrastructure
2 1 (0.46%) Active Directory
2 1 (0.46%) Oracle RAC
Systems Management
1 4 (1.85%) HP Quality Center
2 3 (1.39%) Control-M
3 2 (0.93%) ITRS Geneos
Vendors
1 23 (10.65%) Oracle
2 21 (9.72%) Murex
3 7 (3.24%) TIBCO
4 4 (1.85%) ION Trading
5 3 (1.39%) SimCorp
6 2 (0.93%) Bloomberg
6 2 (0.93%) Fidessa
6 2 (0.93%) HP
6 2 (0.93%) Solace
6 2 (0.93%) Sybase
6 2 (0.93%) VMware
7 1 (0.46%) CheckPoint
7 1 (0.46%) Cisco
7 1 (0.46%) Citrix
7 1 (0.46%) Cognizant
7 1 (0.46%) Cognos
7 1 (0.46%) Dell
7 1 (0.46%) Juniper
7 1 (0.46%) Red Hat
7 1 (0.46%) Salesforce.com
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