The table below provides summary statistics for contract job vacancies advertised in the City of London with a requirement for knowledge and experience of MarketAxess products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited MarketAxess over the 3 months to 25 June 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.

The figures below represent the IT contractor job market in general and are not representative of contractor rates within MarketAxess.

MarketAxess
London / City of London
3 months to
25 Jun 2017
Same period 2016 Same period 2015
Rank 162 - 200
Rank change year-on-year - 0  
Contract jobs citing MarketAxess 1 0 2
As % of all contract IT jobs advertised in the City of London 0.031% - 0.034%
As % of the Vendors category 0.081% - 0.081%
Number of daily rates quoted 0 0 2
Median daily rate - - £525
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

MarketAxess is in the vendor products and services category. The following table is for comparison with the above and provides summary statistics for all vendor product and service related skills in contract job vacancies advertised in the City of London.

Contract Vendor Product & Service Skills
City of London
Contract job vacancies with a requirement for skills associated with vendor products and/or services 1241 1342 2468
As % of all contract IT job vacancies advertised in the City of London 37.89% 40.39% 42.40%
Number of daily rates quoted 902 1034 1828
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 £275 £275 £275
10% offered a daily rate of more than £650 £625 £600
UK excluding London median daily rate £400 £375 £363
% change year-on-year +6.66% +3.44%  
Number of hourly rates quoted 20 17 68
Median hourly rate £21.40 £19.00 £17.98
Median hourly rate % change year-on-year +12.63% +5.67%  
90% offered a hourly rate of more than £14.00 £12.50 £11.00
10% offered a hourly rate of more than £26.92 £26.00 £41.00
UK excluding London median hourly rate £17.50 £20.50 £18.50
% change year-on-year -14.63% +10.81%  

MarketAxess
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing MarketAxess as a proportion of all contract or permanent IT jobs with a match in the Vendors category.

Job vacancy trend for MarketAxess in the City of London

MarketAxess
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 MarketAxess in the City of London.

Contractor daily rate trend for MarketAxess in the City of London

For the 6 months to 25 June 2017, IT contractor jobs citing MarketAxess 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 MarketAxess.

1 1 (100.00%) Unix
1 1 (100.00%) UML
1 1 (100.00%) OO
1 1 (100.00%) MTS
1 1 (100.00%) OOD
1 1 (100.00%) SOA
1 1 (100.00%) Bloomberg
1 1 (100.00%) Front Office
1 1 (100.00%) Fixed Income
1 1 (100.00%) ION Trading
1 1 (100.00%) Mathematics
1 1 (100.00%) Electronic Trading
1 1 (100.00%) Tradeweb
1 1 (100.00%) ION MarketView
1 1 (100.00%) Straight-Through Processing
1 1 (100.00%) Data Centre

MarketAxess
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 1 (100.00%) MTS
Business Applications
1 1 (100.00%) ION MarketView
General
1 1 (100.00%) Front Office
Job Titles
1 1 (100.00%) Electronic Trading Specialist
Miscellaneous
1 1 (100.00%) Data Centre
1 1 (100.00%) Fixed Income
Operating Systems
1 1 (100.00%) Unix
Processes & Methodologies
1 1 (100.00%) Electronic Trading
1 1 (100.00%) Mathematics
1 1 (100.00%) OO
1 1 (100.00%) OOD
1 1 (100.00%) SOA
1 1 (100.00%) Straight-Through Processing
1 1 (100.00%) UML
Vendors
1 1 (100.00%) Bloomberg
1 1 (100.00%) ION Trading
1 1 (100.00%) Tradeweb