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 27 March 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
27 Mar 2017
Same period 2016 Same period 2015
Rank 394 426 399
Rank change year-on-year +32 -27  
Contract jobs citing Contract for Difference 4 5 16
As % of all contract IT jobs advertised in London 0.021% 0.023% 0.074%
As % of the Miscellaneous category 0.059% 0.065% 0.21%
Number of daily rates quoted 2 5 14
Median daily rate £625 £600 £700
Median daily rate % change year-on-year +4.16% -14.28%  
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
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 6799 7660 7621
As % of all contract IT job vacancies advertised in London 35.12% 34.59% 35.42%
Number of daily rates quoted 4739 5446 5176
Median daily rate £500 £475 £463
Median daily rate % change year-on-year +5.26% +2.70%  
90% offered a daily rate of more than £313 £299 £290
10% offered a daily rate of more than £650 £650 £640
UK excluding London median daily rate £395 £375 £375
% change year-on-year +5.33% -  
Number of hourly rates quoted 123 120 143
Median hourly rate £28.35 £20.00 £18.85
Median hourly rate % change year-on-year +41.76% +6.07%  
90% offered a hourly rate of more than £13.85 £12.50 £13.25
10% offered a hourly rate of more than £55.00 £42.10 £40.00
UK excluding London median hourly rate £18.68 £27.75 £18.75
% change year-on-year -32.68% +48.00%  

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 Hourly Rate Trend in London

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

Contractor hourly rate trend for Contract for Difference in London

Contract for Difference
Top 30 Co-occurring IT Skills in London

For the 6 months to 27 March 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 4 (80.00%) Derivative
2 3 (60.00%) Finance
2 3 (60.00%) Foreign Exchange (FX)
3 2 (40.00%) PMP
3 2 (40.00%) PMI Certification
3 2 (40.00%) XML
3 2 (40.00%) PRINCE2
3 2 (40.00%) Project Management
3 2 (40.00%) Management Information System
3 2 (40.00%) Workflow
3 2 (40.00%) Fixed Income
3 2 (40.00%) Asset Management
3 2 (40.00%) DTCC
3 2 (40.00%) Degree
3 2 (40.00%) FIX Protocol
3 2 (40.00%) Investment Management
3 2 (40.00%) Product Management
3 2 (40.00%) Analytical Skills
3 2 (40.00%) Workflow Analysis
3 2 (40.00%) OTC Derivatives
4 1 (20.00%) Business Process Modelling
4 1 (20.00%) Collateral Management
4 1 (20.00%) EMIR
4 1 (20.00%) Dodd-Frank
4 1 (20.00%) Fund Management
4 1 (20.00%) User Acceptance Testing
4 1 (20.00%) TOGAF
4 1 (20.00%) Data Analysis
4 1 (20.00%) Business Analysis
4 1 (20.00%) Migration

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 1 (20.00%) MS Excel
1 1 (20.00%) MS Office
General
1 3 (60.00%) Finance
2 1 (20.00%) Back Office
Job Titles
1 2 (40.00%) Analyst
1 2 (40.00%) Business Analyst
1 2 (40.00%) Coordinator
1 2 (40.00%) Derivatives Business Analyst
1 2 (40.00%) Project Coordinator
2 1 (20.00%) Architect
2 1 (20.00%) Change Analyst
2 1 (20.00%) Investment Management Business Analyst
2 1 (20.00%) OTC Derivatives Analyst
2 1 (20.00%) OTC Derivatives Business Analyst
2 1 (20.00%) Solutions Architect
Libraries, Frameworks & Software Standards
1 2 (40.00%) FIX Protocol
1 2 (40.00%) XML
Miscellaneous
1 4 (80.00%) Derivative
2 3 (60.00%) Foreign Exchange (FX)
3 2 (40.00%) Analytical Skills
3 2 (40.00%) DTCC
3 2 (40.00%) Fixed Income
3 2 (40.00%) Management Information System
3 2 (40.00%) OTC Derivatives
Processes & Methodologies
1 2 (40.00%) Asset Management
1 2 (40.00%) Investment Management
1 2 (40.00%) PRINCE2
1 2 (40.00%) Product Management
1 2 (40.00%) Project Management
1 2 (40.00%) Workflow
1 2 (40.00%) Workflow Analysis
2 1 (20.00%) Business Analysis
2 1 (20.00%) Business Process Modelling
2 1 (20.00%) Collateral Management
2 1 (20.00%) Data Analysis
2 1 (20.00%) Fund Management
2 1 (20.00%) Migration
2 1 (20.00%) TOGAF
2 1 (20.00%) User Acceptance Testing
Qualifications
1 2 (40.00%) Degree
1 2 (40.00%) PMI Certification
1 2 (40.00%) PMP
Quality Assurance & Compliance
1 1 (20.00%) Dodd-Frank
1 1 (20.00%) EMIR
Vendors
1 1 (20.00%) Bloomberg
1 1 (20.00%) Microsoft
1 1 (20.00%) Reuters