The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for FpML skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited FpML over the 3 months to 28 May 2017 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.

Financial Products Markup Language (FpML)
London / City of London
3 months to
28 May 2017
Same period 2016 Same period 2015
Rank 156 161 195
Rank change year-on-year +5 +34  
Contract jobs citing FpML 8 3 10
As % of all contract IT jobs advertised in the City of London 0.25% 0.089% 0.18%
As % of the Libraries, Frameworks & Software Standards category 0.67% 0.26% 0.61%
Number of daily rates quoted 3 3 8
Median daily rate £600 £575 £650
Median daily rate % change year-on-year +4.34% -11.53%  
UK excluding London median daily rate - £500 -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

FpML is in the industry standards, technical specifications and software library and framework 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 industry standards, technical specifications and software library and framework skills.

Contract Software Library & Framework Skills
City of London
Contract job vacancies with a requirement for industry standards, technical specifications and software library and framework skills 1200 1160 1627
As % of all contract IT job vacancies advertised in the City of London 37.12% 34.28% 29.37%
Number of daily rates quoted 974 996 1312
Median daily rate £475 £450 £425
Median daily rate % change year-on-year +5.55% +5.88%  
90% offered a daily rate of more than £350 £325 £315
10% offered a daily rate of more than £625 £575 £600
UK excluding London median daily rate £386 £375 £350
% change year-on-year +2.93% +7.14%  
Number of hourly rates quoted 5 2 9
Median hourly rate £26.80 £16.52 £19.72
Median hourly rate % change year-on-year +62.27% -16.23%  
90% offered a hourly rate of more than £24.86 £16.52 £19.00
10% offered a hourly rate of more than £35.00 £38.16 £60.00
UK excluding London median hourly rate £42.50 £32.50 £37.80
% change year-on-year +30.76% -14.02%  

FpML
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing FpML as a proportion of all contract or permanent IT jobs with a match in the Libraries, Frameworks & Software Standards category.

Job vacancy trend for FpML in the City of London

FpML
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 FpML in the City of London.

Contractor daily rate trend for FpML in the City of London

For the 6 months to 28 May 2017, IT contractor jobs citing FpML 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 FpML.

1 14 (82.35%) XML
2 9 (52.94%) Finance
2 9 (52.94%) FIX Protocol
3 8 (47.06%) MiFID
4 7 (41.18%) Banking
5 6 (35.29%) XSD
5 6 (35.29%) Investment Banking
6 5 (29.41%) Fixed Income
6 5 (29.41%) Data Modelling
6 5 (29.41%) Reference Data
6 5 (29.41%) EMIR
7 4 (23.53%) SDLC
7 4 (23.53%) Foreign Exchange (FX)
7 4 (23.53%) XSLT
7 4 (23.53%) SQL
7 4 (23.53%) SQL Server
7 4 (23.53%) Business Analysis
7 4 (23.53%) Derivative
8 3 (17.65%) Data Analysis
8 3 (17.65%) JIRA
8 3 (17.65%) Agile Software Development
8 3 (17.65%) Front Office
8 3 (17.65%) Java
8 3 (17.65%) Middleware
8 3 (17.65%) FIXML
8 3 (17.65%) Taxonomies
9 2 (11.76%) OTC Derivatives
9 2 (11.76%) Fintech
9 2 (11.76%) Multithreading
9 2 (11.76%) Electronic Trading

FpML
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 2 (11.76%) Confluence
1 2 (11.76%) WebSphere
1 2 (11.76%) WebSphere Application Server
Business Applications
1 1 (5.88%) RMDS
Database & Business Intelligence
1 4 (23.53%) SQL Server
2 1 (5.88%) Big Data
2 1 (5.88%) Data Mining
2 1 (5.88%) Data Warehouse
2 1 (5.88%) NoSQL
Development Applications
1 3 (17.65%) JIRA
2 1 (5.88%) ERwin
2 1 (5.88%) XMLSpy
General
1 9 (52.94%) Finance
2 7 (41.18%) Banking
3 6 (35.29%) Investment Banking
4 3 (17.65%) Front Office
5 1 (5.88%) Back Office
Job Titles
1 7 (41.18%) Analyst
1 7 (41.18%) Business Analyst
2 6 (35.29%) Developer
3 4 (23.53%) Architect
3 4 (23.53%) Data Architect
4 3 (17.65%) Java Developer
4 3 (17.65%) Report Analyst
5 2 (11.76%) Business IT Analyst
5 2 (11.76%) Integration Developer
5 2 (11.76%) Investment Banking Java Developer
5 2 (11.76%) IT Analyst
5 2 (11.76%) IT Business Analyst
5 2 (11.76%) Java Middleware Developer
5 2 (11.76%) Middleware Developer
5 2 (11.76%) MiFID Business Analyst
5 2 (11.76%) XML Analyst
6 1 (5.88%) Electronic Trading Developer
6 1 (5.88%) OTC Derivatives Analyst
6 1 (5.88%) OTC Derivatives Business Analyst
6 1 (5.88%) OTC Derivatives Developer
Libraries, Frameworks & Software Standards
1 14 (82.35%) XML
2 9 (52.94%) FIX Protocol
3 6 (35.29%) XSD
4 4 (23.53%) XSLT
5 3 (17.65%) FIXML
5 3 (17.65%) Middleware
6 2 (11.76%) .NET
6 2 (11.76%) JMS
6 2 (11.76%) Spring
6 2 (11.76%) WebSphere MQ
7 1 (5.88%) Apache Camel
7 1 (5.88%) HTML
7 1 (5.88%) HTML5
Miscellaneous
1 5 (29.41%) Fixed Income
1 5 (29.41%) Reference Data
2 4 (23.53%) Derivative
2 4 (23.53%) Foreign Exchange (FX)
3 3 (17.65%) Taxonomies
4 2 (11.76%) Fintech
4 2 (11.76%) OTC Derivatives
5 1 (5.88%) Analytical Skills
5 1 (5.88%) Equities
Operating Systems
1 1 (5.88%) Unix
1 1 (5.88%) Windows
Processes & Methodologies
1 5 (29.41%) Data Modelling
2 4 (23.53%) Business Analysis
2 4 (23.53%) SDLC
3 3 (17.65%) Agile Software Development
3 3 (17.65%) Data Analysis
4 2 (11.76%) Analytics
4 2 (11.76%) Data Governance
4 2 (11.76%) Electronic Trading
4 2 (11.76%) Multithreading
4 2 (11.76%) Stakeholder Management
4 2 (11.76%) Test Strategy
5 1 (5.88%) Change Control
5 1 (5.88%) Data Architecture
5 1 (5.88%) Defect Tracking
5 1 (5.88%) KYC
5 1 (5.88%) Low Latency
5 1 (5.88%) Master Data Management
5 1 (5.88%) Metadata Management
5 1 (5.88%) Use Case
5 1 (5.88%) User Stories
Programming Languages
1 4 (23.53%) SQL
2 3 (17.65%) Java
3 2 (11.76%) C#
4 1 (5.88%) C++
4 1 (5.88%) PL/SQL
4 1 (5.88%) VC++
Quality Assurance & Compliance
1 8 (47.06%) MiFID
2 5 (29.41%) EMIR
3 2 (11.76%) Data Quality
3 2 (11.76%) QA
4 1 (5.88%) Dodd-Frank
4 1 (5.88%) ISO 20022
4 1 (5.88%) Solvency II
Vendors
1 1 (5.88%) Fidessa
1 1 (5.88%) IBM
1 1 (5.88%) ION Trading