The table below looks at the prevalence of the term Interest Rate Derivative in contract job vacancies advertised in London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Interest Rate Derivative over the 3 months to 26 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.

3 months to
26 Mar 2017
Same period 2016 Same period 2015
Interest Rate Derivatives
England / London
Rank 382 392 372
Rank change year-on-year +10 -20  
Contract jobs citing Interest Rate Derivative 24 44 47
As % of all contract IT jobs advertised in London 0.12% 0.20% 0.22%
As % of the Miscellaneous category 0.35% 0.57% 0.63%
Number of daily rates quoted 7 44 39
Median daily rate £625 £525 £525
Median daily rate % change year-on-year +19.04% -  
90% offered a daily rate of more than £485 £525 £415
10% offered a daily rate of more than £650 £750 £634
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Interest Rate Derivative 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 6765 7660 7518
As % of all contract IT job vacancies advertised in London 35.15% 34.60% 35.47%
Number of daily rates quoted 4701 5447 5108
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 £298 £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 124 120 143
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 £13.88 £12.50 £13.25
10% offered a hourly rate of more than £55.00 £42.10 £40.00
UK excluding London median hourly rate £19.25 £28.50 £18.75
% change year-on-year -32.45% +52.00%  

Interest Rate Derivative
Job Vacancy Trend in London

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

Job vacancy trend for Interest Rate Derivative in London

Interest Rate Derivative
Contractor Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Interest Rate Derivative in London.

Contractor daily rate trend for Interest Rate Derivative in London

Interest Rate Derivative
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Interest Rate Derivative in London over the 3 months to 26 March 2017.

Contractor daily rate histogram for Interest Rate Derivative in London

Interest Rate Derivative
Contractor Hourly Rate Trend in London

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

Contractor hourly rate trend for Interest Rate Derivative in London

Interest Rate Derivative
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 Interest Rate Derivative within the London region over the 3 months to 26 March 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 +2 2 £638 -26.08% 2
Canary Wharf - 1 £650 -
Interest Rate Derivative
England

Interest Rate Derivative
Top 30 Related IT Skills in London

For the 6 months to 26 March 2017, IT contractor jobs citing Interest Rate Derivative 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 Interest Rate Derivative.

1 33 (91.67%) Derivative
2 29 (80.56%) Fixed Income
3 22 (61.11%) Front Office
4 20 (55.56%) Foreign Exchange (FX)
5 17 (47.22%) Murex
6 16 (44.44%) SQL
7 15 (41.67%) Unix
7 15 (41.67%) Finance
8 14 (38.89%) Sybase
9 13 (36.11%) Murex MxML
9 13 (36.11%) Data Mart
9 13 (36.11%) Perl
10 8 (22.22%) Java
11 6 (16.67%) Back Office
11 6 (16.67%) Equities
11 6 (16.67%) MiFID
11 6 (16.67%) Swaptions
12 5 (13.89%) Grid Computing
12 5 (13.89%) Scala
12 5 (13.89%) EMIR
12 5 (13.89%) Dodd-Frank
12 5 (13.89%) Banking
13 4 (11.11%) Middleware
13 4 (11.11%) Data Structures
13 4 (11.11%) Investment Banking
14 3 (8.33%) Multithreading
14 3 (8.33%) HP Quality Center
14 3 (8.33%) Analytics
14 3 (8.33%) Analytical Skills
14 3 (8.33%) C#

Interest Rate Derivative
Top Related 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:

Application Platforms
1 1 (2.78%) CMS
Applications
1 1 (2.78%) MS Excel
1 1 (2.78%) Spreadsheet
Business Applications
1 1 (2.78%) Bloomberg TOMS
Communications & Networking
1 2 (5.56%) DSL
Database & Business Intelligence
1 13 (36.11%) Data Mart
2 2 (5.56%) SQL Server
3 1 (2.78%) Big Data
3 1 (2.78%) SQL Server 2008
Development Applications
1 1 (2.78%) JIRA
1 1 (2.78%) Maven
1 1 (2.78%) Subversion
1 1 (2.78%) TeamCity
General
1 22 (61.11%) Front Office
2 15 (41.67%) Finance
3 6 (16.67%) Back Office
4 5 (13.89%) Banking
5 4 (11.11%) Investment Banking
6 2 (5.56%) Legal
6 2 (5.56%) Retail
7 1 (2.78%) Corporate Banking
7 1 (2.78%) Spanish Language
Job Titles
1 21 (58.33%) Analyst
2 14 (38.89%) FX Support Analyst
2 14 (38.89%) Support Analyst
3 13 (36.11%) Murex Analyst
3 13 (36.11%) Murex Support
3 13 (36.11%) Murex Support Analyst
4 10 (27.78%) Developer
5 6 (16.67%) Business Analyst
5 6 (16.67%) Java Developer
5 6 (16.67%) MiFID Business Analyst
6 4 (11.11%) Scala Developer
7 3 (8.33%) C# Developer
7 3 (8.33%) Java Scala Developer
8 2 (5.56%) Architect
8 2 (5.56%) Front Office Developer
9 1 (2.78%) Business IT Analyst
9 1 (2.78%) IT Manager
9 1 (2.78%) Project Manager
9 1 (2.78%) Solutions Architect
9 1 (2.78%) Test Analyst
Libraries, Frameworks & Software Standards
1 13 (36.11%) Murex MxML
2 4 (11.11%) Middleware
3 2 (5.56%) .NET
3 2 (5.56%) Akka
3 2 (5.56%) HTML
3 2 (5.56%) HTML5
3 2 (5.56%) Kafka
4 1 (2.78%) Boost C++ Libraries
4 1 (2.78%) FIX Protocol
4 1 (2.78%) Hibernate
4 1 (2.78%) Spring
4 1 (2.78%) STL
4 1 (2.78%) WPF
4 1 (2.78%) XML
Miscellaneous
1 33 (91.67%) Derivative
2 29 (80.56%) Fixed Income
3 20 (55.56%) Foreign Exchange (FX)
4 6 (16.67%) Equities
4 6 (16.67%) Swaptions
5 5 (13.89%) Grid Computing
6 4 (11.11%) Data Structures
7 3 (8.33%) Analytical Skills
7 3 (8.33%) Credit Derivative
8 1 (2.78%) Equity Derivative
8 1 (2.78%) Management Information System
8 1 (2.78%) Market Risk
8 1 (2.78%) OTC Derivatives
8 1 (2.78%) Virtual Team
Operating Systems
1 15 (41.67%) Unix
2 1 (2.78%) Linux
2 1 (2.78%) Windows
Processes & Methodologies
1 3 (8.33%) Analytics
1 3 (8.33%) Multithreading
1 3 (8.33%) Regression Testing
2 2 (5.56%) Data Ingestion
2 2 (5.56%) Multithreaded Programming
2 2 (5.56%) Risk Management
2 2 (5.56%) Test Scripting
3 1 (2.78%) Automated Testing
3 1 (2.78%) Data Analytics
3 1 (2.78%) Electronic Trading
3 1 (2.78%) Functional Testing
3 1 (2.78%) Mathematical Modelling
3 1 (2.78%) QA Automation
3 1 (2.78%) Release Management
3 1 (2.78%) Risk Analytics
3 1 (2.78%) Software Engineering
3 1 (2.78%) Software Testing
3 1 (2.78%) Stakeholder Engagement
3 1 (2.78%) Test Automation
3 1 (2.78%) User Stories
Programming Languages
1 16 (44.44%) SQL
2 13 (36.11%) Perl
3 8 (22.22%) Java
4 5 (13.89%) Scala
5 3 (8.33%) C#
6 2 (5.56%) C++
7 1 (2.78%) JavaScript
7 1 (2.78%) Python
7 1 (2.78%) VBA
7 1 (2.78%) VBScript
Quality Assurance & Compliance
1 6 (16.67%) MiFID
2 5 (13.89%) Dodd-Frank
2 5 (13.89%) EMIR
3 1 (2.78%) QA
Systems Management
1 3 (8.33%) HP Quality Center
Vendors
1 17 (47.22%) Murex
2 14 (38.89%) Sybase
3 2 (5.56%) HP
3 2 (5.56%) Microsoft
4 1 (2.78%) Bloomberg
4 1 (2.78%) Calypso
4 1 (2.78%) Fidessa
4 1 (2.78%) ION Trading
4 1 (2.78%) TIBCO
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