The table below looks at the prevalence of the term Contract for Difference in contract job vacancies advertised in London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Contract for Difference over the 3 months to 22 June 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.

Contract for Difference (CFD)
England / London
3 months to
22 Jun 2017
Same period 2016 Same period 2015
Rank 411 427 414
Rank change year-on-year +16 -13  
Contract jobs citing Contract for Difference 5 4 14
As % of all contract IT jobs advertised in London 0.024% 0.018% 0.060%
As % of the Miscellaneous category 0.063% 0.049% 0.16%
Number of daily rates quoted 3 4 13
Median daily rate £600 £473 £700
Median daily rate % change year-on-year +26.98% -32.50%  
90% offered a daily rate of more than £272 £402 £550
10% offered a daily rate of more than £640 £564 £725
UK excluding London median daily rate - - -
Number of hourly rates quoted 1 0 0
Median hourly rate £52.50 - -
UK excluding London median hourly rate - - -

Contract for Difference 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 London with a requirement for generic IT skills.

Generic IT Skills
London
Contract job vacancies with a requirement for generic IT skills 7898 8122 8588
As % of all contract IT job vacancies advertised in London 38.10% 37.41% 36.61%
Number of daily rates quoted 5672 5874 6038
Median daily rate £513 £475 £475
Median daily rate % change year-on-year +7.89% -  
90% offered a daily rate of more than £325 £300 £280
10% offered a daily rate of more than £650 £650 £650
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.02% +3.53%  
Number of hourly rates quoted 107 109 151
Median hourly rate £22.00 £21.00 £19.88
Median hourly rate % change year-on-year +4.76% +5.66%  
90% offered a hourly rate of more than £13.45 £12.50 £13.50
10% offered a hourly rate of more than £50.00 £50.00 £52.30
UK excluding London median hourly rate £25.00 £22.75 £18.69
% change year-on-year +9.89% +21.72%  

Contract for Difference
Job Vacancy Trend in London

The job posting trend of jobs advertised in London citing Contract for Difference as a proportion of all contract or permanent IT jobs with a match in the Miscellaneous category.

Job vacancy trend for Contract for Difference in London

Contract for Difference
Contractor Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Contract for Difference in London.

Contractor daily rate trend for Contract for Difference in London

Contract for Difference
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Contract for Difference in London over the 3 months to 22 June 2017.

Contractor daily rate histogram for Contract for Difference in London

Contract for Difference
Contractor Hourly Rate Trend in London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Contract for Difference in London.

Contractor hourly rate trend for Contract for Difference in London

Contract for Difference
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Contract for Difference within the London region over the 3 months to 22 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London - 1 £190 - 4
Contract for Difference
England

For the 6 months to 22 June 2017, IT contractor jobs citing Contract for Difference 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 London region with a requirement for Contract for Difference.

1 5 (71.43%) Derivative
2 4 (57.14%) Workflow
2 4 (57.14%) Fixed Income
2 4 (57.14%) XML
2 4 (57.14%) Foreign Exchange (FX)
3 3 (42.86%) Project Management
3 3 (42.86%) PRINCE2
3 3 (42.86%) Finance
3 3 (42.86%) Degree
3 3 (42.86%) FIX Protocol
3 3 (42.86%) User Acceptance Testing
3 3 (42.86%) Product Management
3 3 (42.86%) Analytical Skills
3 3 (42.86%) Workflow Analysis
4 2 (28.57%) OTC Derivatives
4 2 (28.57%) DTCC
4 2 (28.57%) Investment Management
4 2 (28.57%) Asset Management
4 2 (28.57%) Equities
4 2 (28.57%) Microsoft
4 2 (28.57%) PMP
4 2 (28.57%) PMI Certification
4 2 (28.57%) Microsoft Office
4 2 (28.57%) Management Information System
5 1 (14.29%) Front Office
5 1 (14.29%) Back Office
5 1 (14.29%) Risk Management
5 1 (14.29%) Regression Testing
5 1 (14.29%) Microsoft Excel
5 1 (14.29%) Banking

Contract for Difference
Co-occurring IT Skills in 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:

Applications
1 2 (28.57%) Microsoft Office
2 1 (14.29%) Microsoft Excel
Business Applications
1 1 (14.29%) IntelliMatch
1 1 (14.29%) thinkFolio
Development Applications
1 1 (14.29%) JIRA
1 1 (14.29%) Zephyr
General
1 3 (42.86%) Finance
2 1 (14.29%) Back Office
2 1 (14.29%) Banking
2 1 (14.29%) Front Office
2 1 (14.29%) Investment Banking
2 1 (14.29%) Legal
Job Titles
1 4 (57.14%) Analyst
2 2 (28.57%) Business Analyst
2 2 (28.57%) Coordinator
2 2 (28.57%) Derivatives Business Analyst
2 2 (28.57%) Project Coordinator
3 1 (14.29%) Banking Analyst
3 1 (14.29%) Change Analyst
3 1 (14.29%) Investment Management Business Analyst
3 1 (14.29%) OTC Derivatives Analyst
3 1 (14.29%) OTC Derivatives Business Analyst
3 1 (14.29%) Project Manager
3 1 (14.29%) Senior Analyst
3 1 (14.29%) Senior Test Analyst
3 1 (14.29%) Test Analyst
Libraries, Frameworks & Software Standards
1 4 (57.14%) XML
2 3 (42.86%) FIX Protocol
3 1 (14.29%) ActiveMQ
Miscellaneous
1 5 (71.43%) Derivative
2 4 (57.14%) Fixed Income
2 4 (57.14%) Foreign Exchange (FX)
3 3 (42.86%) Analytical Skills
4 2 (28.57%) DTCC
4 2 (28.57%) Equities
4 2 (28.57%) Management Information System
4 2 (28.57%) OTC Derivatives
5 1 (14.29%) Equity Derivative
Processes & Methodologies
1 4 (57.14%) Workflow
2 3 (42.86%) PRINCE2
2 3 (42.86%) Product Management
2 3 (42.86%) Project Management
2 3 (42.86%) User Acceptance Testing
2 3 (42.86%) Workflow Analysis
3 2 (28.57%) Asset Management
3 2 (28.57%) Investment Management
4 1 (14.29%) Business Analysis
4 1 (14.29%) Collateral Management
4 1 (14.29%) Data Analysis
4 1 (14.29%) Functional Testing
4 1 (14.29%) Fund Management
4 1 (14.29%) Integration Testing
4 1 (14.29%) Process Improvement
4 1 (14.29%) Regression Testing
4 1 (14.29%) Risk Management
4 1 (14.29%) System Testing
4 1 (14.29%) Time Management
4 1 (14.29%) Use Case
Qualifications
1 3 (42.86%) Degree
2 2 (28.57%) PMI Certification
2 2 (28.57%) PMP
Quality Assurance & Compliance
1 1 (14.29%) Dodd-Frank
1 1 (14.29%) EMIR
Systems Management
1 1 (14.29%) HP Quality Center
Vendors
1 2 (28.57%) Microsoft