Period
to 3 April 2020

The table below looks at the prevalence of the term OTC Derivatives in contract job vacancies advertised in London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited OTC Derivatives over the 6 months to 3 April 2020 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.

Over-the-Counter (OTC) Derivatives
England > London
6 months to
3 Apr 2020
Same period 2019 Same period 2018
Rank 440 532 561
Rank change year-on-year +92 +29 -59
Contract jobs citing OTC Derivatives 32 88 77
As % of all contract jobs advertised in London 0.13% 0.21% 0.17%
As % of the Miscellaneous category 0.36% 0.59% 0.46%
Number of daily rates quoted 24 56 47
Median daily rate £600 £650 £555
Median daily rate % change year-on-year -7.69% +17.12% -7.50%
10th Percentile £425 £513 £387
90th Percentile £783 £706 £810
England median daily rate £600 £650 £555
% change year-on-year -7.69% +17.12% -5.13%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
England median hourly rate - - -

OTC Derivatives is in the Generic IT Skills category. The following 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.

All Generic IT Skills
London
Contract vacancies with a requirement for generic IT skills 8,803 14,897 16,836
As % of all contract IT jobs advertised in London 34.97% 35.03% 36.13%
Number of daily rates quoted 6,118 10,464 11,995
Median daily rate £525 £525 £500
Median daily rate % change year-on-year - +5.00% +5.26%
10th Percentile £303 £313 £307
90th Percentile £713 £700 £700
England median daily rate £475 £475 £463
% change year-on-year - +2.70% +5.11%
Number of hourly rates quoted 170 237 288
Median hourly rate £29.86 £25.00 £22.26
Median hourly rate % change year-on-year +19.44% +12.32% -8.82%
10th Percentile £12.44 £13.65 £12.49
90th Percentile £52.50 £51.65 £48.58
Median hourly rate £24.71 £21.00 £21.79
% change year-on-year +17.64% -3.63% +8.95%

OTC Derivatives
Job Vacancy Trend in London

Job postings citing OTC Derivatives as a proportion of all IT jobs advertised in London.

Job vacancy trend for OTC Derivatives in London

OTC Derivatives
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing OTC Derivatives in London.

Daily rate trend for OTC Derivatives in London

OTC Derivatives
Daily Rate Histogram in London

Daily rate distribution for jobs citing OTC Derivatives in London over the 6 months to 3 April 2020.

Daily rate histogram for OTC Derivatives in London

OTC Derivatives
Contractor Hourly Rate Trend in London

3-month moving average hourly rates quoted in jobs citing OTC Derivatives in London.

Hourly rate trend for OTC Derivatives in London

OTC Derivatives
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 OTC Derivatives within the London region over the 6 months to 3 April 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
Central London +91 6 £463 -28.85%
OTC Derivatives
England

For the 6 months to 3 April 2020, IT contractor jobs citing OTC Derivatives 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 London region with a requirement for OTC Derivatives.

1 32 (100.00%) Derivative
2 18 (56.25%) Fixed Income
3 14 (43.75%) Front Office
3 14 (43.75%) SQL
4 13 (40.63%) Asset Management
5 12 (37.50%) Agile Software Development
5 12 (37.50%) Microsoft Excel
6 11 (34.38%) Python
6 11 (34.38%) VBA
6 11 (34.38%) Microsoft
6 11 (34.38%) Banking
6 11 (34.38%) Finance
7 9 (28.13%) JIRA
8 8 (25.00%) FpML
9 7 (21.88%) MATLAB
9 7 (21.88%) Bloomberg
9 7 (21.88%) Scrum
9 7 (21.88%) Data Analysis
9 7 (21.88%) Risk Analysis
9 7 (21.88%) Hedge funds
9 7 (21.88%) R
9 7 (21.88%) Performance Attribution
10 6 (18.75%) Java
11 5 (15.63%) XML
11 5 (15.63%) RDBMS
11 5 (15.63%) Oracle
11 5 (15.63%) SQL Server
11 5 (15.63%) Investment Banking
11 5 (15.63%) Equities
11 5 (15.63%) SDLC

OTC Derivatives
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:

Application Platforms
1 2 (6.25%) Confluence
Applications
1 12 (37.50%) Microsoft Excel
2 4 (12.50%) Microsoft Office
3 1 (3.13%) MS Visio
Business Applications
1 1 (3.13%) thinkFolio
Cloud Services
1 3 (9.38%) AWS
Database & Business Intelligence
1 5 (15.63%) RDBMS
1 5 (15.63%) Relational Database
1 5 (15.63%) SQL Server
2 4 (12.50%) MS Access
3 1 (3.13%) Oracle Database
Development Applications
1 9 (28.13%) JIRA
2 4 (12.50%) Git (software)
2 4 (12.50%) Subversion
3 3 (9.38%) Cucumber
3 3 (9.38%) SpecFlow
General
1 14 (43.75%) Front Office
2 11 (34.38%) Banking
2 11 (34.38%) Finance
3 5 (15.63%) Investment Banking
4 1 (3.13%) Back Office
4 1 (3.13%) Financial Institution
4 1 (3.13%) Legal
4 1 (3.13%) Retail
Job Titles
1 15 (46.88%) Analyst
2 8 (25.00%) Developer
3 7 (21.88%) Business Analyst
3 7 (21.88%) SQL Analyst
4 5 (15.63%) OTC Derivatives Developer
5 4 (12.50%) AWS DevOps
5 4 (12.50%) C# Developer
5 4 (12.50%) C# Developer - Investment Banking
5 4 (12.50%) Derivatives Business Analyst
5 4 (12.50%) Front Office Business Analyst
5 4 (12.50%) Java Developer
5 4 (12.50%) VB Developer
5 4 (12.50%) VB VBA Developer
5 4 (12.50%) VBA Developer
6 3 (9.38%) AWS Developer
6 3 (9.38%) DevOps Developer
6 3 (9.38%) OTC Derivatives Analyst
6 3 (9.38%) OTC Derivatives Business Analyst
7 2 (6.25%) Automation Engineer
7 2 (6.25%) Investment Management Business Analyst
Libraries, Frameworks & Software Standards
1 8 (25.00%) FpML
2 5 (15.63%) XML
3 4 (12.50%) .NET
3 4 (12.50%) AngularJS
3 4 (12.50%) HTML
3 4 (12.50%) HTML5
3 4 (12.50%) ODBC
4 2 (6.25%) Gherkin
5 1 (3.13%) Kafka
Miscellaneous
1 32 (100.00%) Derivative
2 18 (56.25%) Fixed Income
3 7 (21.88%) Hedge funds
4 5 (15.63%) Equities
5 2 (6.25%) Foreign Exchange (FX)
6 1 (3.13%) Analytical Skills
6 1 (3.13%) Credit Derivative
6 1 (3.13%) Data Structures
6 1 (3.13%) Management Information System
6 1 (3.13%) Market Risk
6 1 (3.13%) Self-Motivation
Processes & Methodologies
1 13 (40.63%) Asset Management
2 12 (37.50%) Agile Software Development
3 7 (21.88%) Data Analysis
3 7 (21.88%) Performance Attribution
3 7 (21.88%) Risk Analysis
3 7 (21.88%) Scrum
4 5 (15.63%) Investment Management
4 5 (15.63%) SDLC
5 4 (12.50%) BDD
5 4 (12.50%) Business Analysis
5 4 (12.50%) DevOps
5 4 (12.50%) Domain-Driven Design
5 4 (12.50%) Information Security
5 4 (12.50%) Software Testing
5 4 (12.50%) TDD
5 4 (12.50%) User Acceptance Testing
5 4 (12.50%) Workflow
6 3 (9.38%) Fund Management
7 2 (6.25%) Test Automation
7 2 (6.25%) Waterfall
Programming Languages
1 14 (43.75%) SQL
2 11 (34.38%) Python
2 11 (34.38%) VBA
3 7 (21.88%) MATLAB
3 7 (21.88%) R
4 6 (18.75%) Java
5 4 (12.50%) C#
5 4 (12.50%) C++
5 4 (12.50%) TypeScript
5 4 (12.50%) VB
Qualifications
1 1 (3.13%) AWS Certification
Quality Assurance & Compliance
1 4 (12.50%) QA
2 3 (9.38%) UCITS
3 2 (6.25%) Dodd-Frank
4 1 (3.13%) Data Quality
4 1 (3.13%) EMIR
4 1 (3.13%) MiFID
Vendors
1 11 (34.38%) Microsoft
2 7 (21.88%) Bloomberg
3 5 (15.63%) Oracle
4 4 (12.50%) Atlassian
5 1 (3.13%) Charles River