Period
to 25 May 2020

The following table provides summary statistics for contract job vacancies advertised in England with a requirement for FpML skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited FpML over the 6 months to 25 May 2020 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)
UK > England
6 months to
25 May 2020
Same period 2019 Same period 2018
Rank 568 805 836
Rank change year-on-year +237 +31 -76
Contract jobs citing FpML 20 19 25
As % of all contract jobs advertised in England 0.047% 0.023% 0.027%
As % of the Libraries, Frameworks & Software Standards category 0.15% 0.069% 0.081%
Number of daily rates quoted 15 18 21
Median daily rate £625 £500 £625
Median daily rate % change year-on-year +25.00% -20.00% +16.28%
10th Percentile £438 £363 £388
90th Percentile £656 £613 £850
UK median daily rate £625 £500 £625
% change year-on-year +25.00% -20.00% +16.28%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK median hourly rate - - -

FpML is in the Software Libraries and Frameworks category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in England with a requirement for technical specification, industry standards, software libraries and framework skills.

All Software Libraries and Frameworks
England
Contract vacancies with a requirement for technical specification, industry standards, software libraries and framework skills 13,135 27,660 30,848
As % of all contract IT jobs advertised in England 30.71% 33.00% 33.24%
Number of daily rates quoted 8,991 19,504 21,914
Median daily rate £500 £500 £475
Median daily rate % change year-on-year - +5.26% +5.56%
10th Percentile £338 £338 £313
90th Percentile £675 £650 £625
UK median daily rate £500 £490 £475
% change year-on-year +2.04% +3.16% +8.57%
Number of hourly rates quoted 193 274 327
Median hourly rate £35.00 £43.71 £42.25
Median hourly rate % change year-on-year -19.92% +3.44% +3.05%
10th Percentile £24.50 £18.50 £17.40
90th Percentile £63.00 £60.53 £58.75
Median hourly rate £35.00 £42.50 £42.13
% change year-on-year -17.65% +0.89% +4.63%

FpML
Job Vacancy Trend in England

Job postings citing FpML as a proportion of all IT jobs advertised in England.

Job vacancy trend for FpML in England

FpML
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing FpML in England.

Daily rate trend for FpML in England

FpML
Daily Rate Histogram in England

Daily rate distribution for jobs citing FpML in England over the 6 months to 25 May 2020.

Daily rate histogram for FpML in England

FpML
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing FpML within the England region over the 6 months to 25 May 2020. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London +176 20 £625 +25.00% 2
FpML
UK

For the 6 months to 25 May 2020, IT contractor jobs citing FpML 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 England region with a requirement for FpML.

1 14 (70.00%) C++
2 13 (65.00%) Banking
3 12 (60.00%) Investment Banking
4 11 (55.00%) SQL
5 10 (50.00%) Derivative
6 9 (45.00%) XML
6 9 (45.00%) Finance
7 8 (40.00%) Foreign Exchange (FX)
7 8 (40.00%) Analytical Skills
8 7 (35.00%) Mathematical Modelling
8 7 (35.00%) Mathematics
8 7 (35.00%) Murex Flex
8 7 (35.00%) Murex MxML
8 7 (35.00%) Murex
8 7 (35.00%) Python
8 7 (35.00%) .NET
8 7 (35.00%) C#
8 7 (35.00%) Visual Studio
8 7 (35.00%) Subversion
9 6 (30.00%) SQL Server
9 6 (30.00%) Microsoft
9 6 (30.00%) OTC Derivatives
10 5 (25.00%) SDLC
10 5 (25.00%) Relational Database
10 5 (25.00%) Risk Management
11 4 (20.00%) TDD
11 4 (20.00%) Fixed Income
11 4 (20.00%) RDBMS
11 4 (20.00%) Microsoft Excel
11 4 (20.00%) MS Access

FpML
Co-occurring IT Skills in England 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 (5.00%) GlassFish
1 1 (5.00%) Tomcat
1 1 (5.00%) WebSphere
1 1 (5.00%) WebSphere Application Server
Applications
1 4 (20.00%) Microsoft Excel
1 4 (20.00%) Microsoft Office
Cloud Services
1 1 (5.00%) AWS
Communications & Networking
1 1 (5.00%) FTP
Database & Business Intelligence
1 6 (30.00%) SQL Server
2 5 (25.00%) Relational Database
3 4 (20.00%) MS Access
3 4 (20.00%) RDBMS
4 2 (10.00%) SQL Server Analysis Services
4 2 (10.00%) SQL Server Integration Services
4 2 (10.00%) SQL Server Reporting Services
Development Applications
1 7 (35.00%) Subversion
1 7 (35.00%) Visual Studio
2 4 (20.00%) Git (software)
2 4 (20.00%) JIRA
3 1 (5.00%) Ant
3 1 (5.00%) JUnit
3 1 (5.00%) Maven
3 1 (5.00%) MSBuild
General
1 13 (65.00%) Banking
2 12 (60.00%) Investment Banking
3 9 (45.00%) Finance
4 1 (5.00%) Front Office
Job Titles
1 18 (90.00%) Developer
2 8 (40.00%) Quantitative Developer
3 4 (20.00%) C# Developer
3 4 (20.00%) C# Developer - Investment Banking
3 4 (20.00%) C++ Developer
3 4 (20.00%) C++ Quantitative Developer
3 4 (20.00%) OTC Derivatives Developer
3 4 (20.00%) VB Developer
3 4 (20.00%) VB VBA Developer
3 4 (20.00%) VBA Developer
4 3 (15.00%) Murex Developer
5 2 (10.00%) .NET Developer
5 2 (10.00%) Java Developer
5 2 (10.00%) Python Developer
5 2 (10.00%) Senior .NET Developer
5 2 (10.00%) Senior Developer
5 2 (10.00%) Senior SQL Developer
5 2 (10.00%) SQL Developer
6 1 (5.00%) AWS Developer
6 1 (5.00%) Report Analyst
Libraries, Frameworks & Software Standards
1 9 (45.00%) XML
2 7 (35.00%) .NET
2 7 (35.00%) Murex Flex
2 7 (35.00%) Murex MxML
3 4 (20.00%) AngularJS
3 4 (20.00%) HTML
3 4 (20.00%) HTML5
3 4 (20.00%) ODBC
4 3 (15.00%) .NET Framework
4 3 (15.00%) FIX Protocol
4 3 (15.00%) FIXML
4 3 (15.00%) NumPy
4 3 (15.00%) Pandas
5 2 (10.00%) XSD
6 1 (5.00%) ASP.NET MVC
6 1 (5.00%) DOM
6 1 (5.00%) Java EE
6 1 (5.00%) JMS
6 1 (5.00%) SAX
6 1 (5.00%) Spring
Miscellaneous
1 10 (50.00%) Derivative
2 8 (40.00%) Analytical Skills
2 8 (40.00%) Foreign Exchange (FX)
3 6 (30.00%) OTC Derivatives
4 4 (20.00%) Fixed Income
5 3 (15.00%) Swaptions
6 1 (5.00%) Credit Risk
6 1 (5.00%) Equities
6 1 (5.00%) Self-Motivation
Processes & Methodologies
1 7 (35.00%) Mathematical Modelling
1 7 (35.00%) Mathematics
2 5 (25.00%) Risk Management
2 5 (25.00%) SDLC
3 4 (20.00%) Analytics
3 4 (20.00%) BDD
3 4 (20.00%) Domain-Driven Design
3 4 (20.00%) Software Testing
3 4 (20.00%) TDD
4 3 (15.00%) Change Control
4 3 (15.00%) Test Automation
4 3 (15.00%) User Acceptance Testing
5 2 (10.00%) Agile Software Development
5 2 (10.00%) Continuous Integration
5 2 (10.00%) System Testing
6 1 (5.00%) Business Analysis
6 1 (5.00%) Computer Science
6 1 (5.00%) Configuration Management
6 1 (5.00%) Information Security
6 1 (5.00%) Time Management
Programming Languages
1 14 (70.00%) C++
2 11 (55.00%) SQL
3 7 (35.00%) C#
3 7 (35.00%) Python
4 4 (20.00%) TypeScript
4 4 (20.00%) VB
4 4 (20.00%) VBA
5 2 (10.00%) Java
5 2 (10.00%) T-SQL
6 1 (5.00%) R
6 1 (5.00%) Shell Script
6 1 (5.00%) XPath
Qualifications
1 1 (5.00%) Degree
1 1 (5.00%) OCPJP
1 1 (5.00%) Sun Certification
Quality Assurance & Compliance
1 2 (10.00%) Dodd-Frank
1 2 (10.00%) EMIR
1 2 (10.00%) MiFID
Systems Management
1 1 (5.00%) Control-M
Vendors
1 7 (35.00%) Murex
2 6 (30.00%) Microsoft
3 4 (20.00%) Atlassian
3 4 (20.00%) Oracle
4 1 (5.00%) Progress
4 1 (5.00%) Sun