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

Reuters Market Data System (RMDS)
London / City of London
3 months to
28 Mar 2017
Same period 2016 Same period 2015
Rank 161 152 180
Rank change year-on-year -9 +28  
Contract jobs citing RMDS 1 2 13
As % of all contract IT jobs advertised in the City of London 0.033% 0.060% 0.25%
As % of the Business Applications category 0.48% 0.86% 2.98%
Number of daily rates quoted 1 2 11
Median daily rate £538 £625 £500
Median daily rate % change year-on-year -14.00% +25.00%  
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

RMDS is in the business application 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 business application skills.

Contract Business Application Skills
City of London
Contract job vacancies with a requirement for business application skills 207 232 436
As % of all contract IT job vacancies advertised in the City of London 6.76% 6.92% 8.43%
Number of daily rates quoted 142 167 318
Median daily rate £425 £500 £500
Median daily rate % change year-on-year -15.00% -  
90% offered a daily rate of more than £344 £346 £325
10% offered a daily rate of more than £600 £625 £675
UK excluding London median daily rate £450 £413 £425
% change year-on-year +9.09% -2.94%  
Number of hourly rates quoted 2 2 1
Median hourly rate £29.38 £26.00 £17.00
Median hourly rate % change year-on-year +13.00% +52.94%  
UK excluding London median hourly rate £38.39 £27.50 £17.50
% change year-on-year +39.58% +57.14%  

RMDS
Job Vacancy Trend in the City of London

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

Job vacancy trend for RMDS in the City of London

RMDS
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 RMDS in the City of London.

Contractor daily rate trend for RMDS in the City of London

RMDS
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 RMDS in the City of London.

Contractor hourly rate trend for RMDS in the City of London

For the 6 months to 28 March 2017, IT contractor jobs citing RMDS 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 RMDS.

1 3 (100.00%) Fixed Income
1 3 (100.00%) Derivative
1 3 (100.00%) FIX Protocol
2 2 (66.67%) Front Office
2 2 (66.67%) Credit Derivative
2 2 (66.67%) Multithreading
2 2 (66.67%) Electronic Trading
2 2 (66.67%) Java
2 2 (66.67%) Oracle
2 2 (66.67%) JUnit
2 2 (66.67%) Linux
2 2 (66.67%) TIBCO
2 2 (66.67%) Rendezvous
2 2 (66.67%) Reuters
3 1 (33.33%) Change Management
3 1 (33.33%) FpML
3 1 (33.33%) Data Mining
3 1 (33.33%) .NET
3 1 (33.33%) C#
3 1 (33.33%) HTML
3 1 (33.33%) Confluence
3 1 (33.33%) HTML5
3 1 (33.33%) NoSQL
3 1 (33.33%) Big Data
3 1 (33.33%) Analytics
3 1 (33.33%) Low Latency
3 1 (33.33%) Technical Analysis
3 1 (33.33%) Kalman Filter
3 1 (33.33%) Business Analysis
3 1 (33.33%) Finance

RMDS
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 (33.33%) Confluence
Database & Business Intelligence
1 1 (33.33%) Big Data
1 1 (33.33%) Data Mining
1 1 (33.33%) NoSQL
Development Applications
1 2 (66.67%) JUnit
2 1 (33.33%) JIRA
General
1 2 (66.67%) Front Office
2 1 (33.33%) Finance
Job Titles
1 2 (66.67%) Developer
1 2 (66.67%) Electronic Trading Developer
1 2 (66.67%) Electronic Trading Java Developer
1 2 (66.67%) Java Developer
1 2 (66.67%) Senior Developer
1 2 (66.67%) Senior Java Developer
2 1 (33.33%) Analyst
2 1 (33.33%) Business Analyst
2 1 (33.33%) MiFID Business Analyst
2 1 (33.33%) Technical Analyst
2 1 (33.33%) Technical Business Analyst
Libraries, Frameworks & Software Standards
1 3 (100.00%) FIX Protocol
2 2 (66.67%) Rendezvous
3 1 (33.33%) .NET
3 1 (33.33%) FpML
3 1 (33.33%) HTML
3 1 (33.33%) HTML5
Miscellaneous
1 3 (100.00%) Derivative
1 3 (100.00%) Fixed Income
2 2 (66.67%) Credit Derivative
Operating Systems
1 2 (66.67%) Linux
Processes & Methodologies
1 2 (66.67%) Electronic Trading
1 2 (66.67%) Multithreading
2 1 (33.33%) Analytics
2 1 (33.33%) Business Analysis
2 1 (33.33%) Change Management
2 1 (33.33%) Kalman Filter
2 1 (33.33%) Low Latency
2 1 (33.33%) Technical Analysis
Programming Languages
1 2 (66.67%) Java
2 1 (33.33%) C#
Quality Assurance & Compliance
1 1 (33.33%) MiFID
Vendors
1 2 (66.67%) Oracle
1 2 (66.67%) Reuters
1 2 (66.67%) TIBCO