The table below looks at the prevalence of the term Swaptions in contract job vacancies advertised in London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Swaptions over the 3 months to 24 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.

Swaptions
England / London
3 months to
24 Jun 2017
Same period 2016 Same period 2015
Rank 396 425 412
Rank change year-on-year +29 -13  
Contract jobs citing Swaptions 16 3 10
As % of all contract IT jobs advertised in London 0.078% 0.014% 0.043%
As % of the Miscellaneous category 0.21% 0.037% 0.12%
Number of daily rates quoted 16 3 9
Median daily rate £625 £565 £575
Median daily rate % change year-on-year +10.61% -1.73%  
90% offered a daily rate of more than £588 £565 £550
10% offered a daily rate of more than £638 £573 £640
UK excluding London median daily rate £675 - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Swaptions 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 7799 8099 8557
As % of all contract IT job vacancies advertised in London 38.15% 37.36% 36.57%
Number of daily rates quoted 5594 5851 6023
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 £275
10% offered a daily rate of more than £650 £650 £650
UK excluding London median daily rate £400 £390 £375
% change year-on-year +2.56% +4.00%  
Number of hourly rates quoted 103 108 146
Median hourly rate £21.70 £21.00 £20.00
Median hourly rate % change year-on-year +3.33% +5.00%  
90% offered a hourly rate of more than £13.36 £12.50 £13.55
10% offered a hourly rate of more than £50.00 £50.00 £52.17
UK excluding London median hourly rate £25.00 £22.50 £18.69
% change year-on-year +11.11% +20.38%  

Swaptions
Job Vacancy Trend in London

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

Job vacancy trend for Swaptions in London

Swaptions
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Swaptions in London

Swaptions
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Swaptions in London over the 3 months to 24 June 2017.

Contractor daily rate histogram for Swaptions in London

For the 6 months to 24 June 2017, IT contractor jobs citing Swaptions 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 Swaptions.

1 22 (91.67%) Fixed Income
2 21 (87.50%) Derivative
3 18 (75.00%) Interest Rate Derivative
4 17 (70.83%) Microsoft Excel
4 17 (70.83%) C#
4 17 (70.83%) C++
4 17 (70.83%) .NET
5 15 (62.50%) Microsoft
5 15 (62.50%) Agile Software Development
6 14 (58.33%) Foreign Exchange (FX)
6 14 (58.33%) STL
6 14 (58.33%) XML
6 14 (58.33%) Windows
6 14 (58.33%) Python
6 14 (58.33%) Front Office
6 14 (58.33%) CMS
6 14 (58.33%) Boost C++ Libraries
6 14 (58.33%) Risk Analytics
6 14 (58.33%) Analytics
6 14 (58.33%) Analytical Skills
7 13 (54.17%) Quantitative Research
7 13 (54.17%) Spreadsheet
8 7 (29.17%) Finance
9 6 (25.00%) Equities
9 6 (25.00%) MiFID
10 5 (20.83%) Windows 7
11 4 (16.67%) EMIR
11 4 (16.67%) Banking
11 4 (16.67%) Back Office
12 3 (12.50%) XAML

Swaptions
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 14 (58.33%) CMS
Applications
1 17 (70.83%) Microsoft Excel
2 13 (54.17%) Spreadsheet
3 1 (4.17%) MS Visio
Database & Business Intelligence
1 3 (12.50%) SQL Server
General
1 14 (58.33%) Front Office
2 7 (29.17%) Finance
3 4 (16.67%) Back Office
3 4 (16.67%) Banking
4 2 (8.33%) Investment Banking
Job Titles
1 17 (70.83%) Developer
2 14 (58.33%) C++ Developer
3 13 (54.17%) C++ Pricing Developer
4 12 (50.00%) .NET Developer
4 12 (50.00%) C# .NET Developer
4 12 (50.00%) C# Developer
5 10 (41.67%) C++ Quantitative Developer
5 10 (41.67%) Quantitative Developer
6 9 (37.50%) C# Pricing Developer
6 9 (37.50%) C# Quant Developer
6 9 (37.50%) C++/C# Developer
6 9 (37.50%) Python Developer
7 7 (29.17%) Business Analyst
8 6 (25.00%) Analyst
8 6 (25.00%) Front Office Developer
9 5 (20.83%) MiFID Business Analyst
10 4 (16.67%) Analytics Developer
10 4 (16.67%) Front Office C++ Developer
11 2 (8.33%) Derivatives Business Analyst
11 2 (8.33%) Equity Derivatives Business Analyst
Libraries, Frameworks & Software Standards
1 17 (70.83%) .NET
2 14 (58.33%) Boost C++ Libraries
2 14 (58.33%) STL
2 14 (58.33%) XML
3 3 (12.50%) WCF
3 3 (12.50%) WinForms
3 3 (12.50%) WPF
Miscellaneous
1 22 (91.67%) Fixed Income
2 21 (87.50%) Derivative
3 18 (75.00%) Interest Rate Derivative
4 14 (58.33%) Analytical Skills
4 14 (58.33%) Foreign Exchange (FX)
5 6 (25.00%) Equities
6 3 (12.50%) Equity Derivative
7 1 (4.17%) Fintech
7 1 (4.17%) OTC Derivatives
Operating Systems
1 14 (58.33%) Windows
2 5 (20.83%) Windows 7
Processes & Methodologies
1 15 (62.50%) Agile Software Development
2 14 (58.33%) Analytics
2 14 (58.33%) Risk Analytics
3 13 (54.17%) Quantitative Research
4 3 (12.50%) MVVM
4 3 (12.50%) Risk Management
4 3 (12.50%) Test Automation
5 2 (8.33%) Business Analysis
5 2 (8.33%) Change Management
5 2 (8.33%) Continuous Delivery
5 2 (8.33%) Continuous Integration
5 2 (8.33%) DevOps
5 2 (8.33%) TDD
6 1 (4.17%) Asset Management
6 1 (4.17%) BPMN
6 1 (4.17%) Fund Management
6 1 (4.17%) Project Management
6 1 (4.17%) Waterfall
Programming Languages
1 17 (70.83%) C#
1 17 (70.83%) C++
2 14 (58.33%) Python
3 3 (12.50%) VBA
3 3 (12.50%) XAML
Qualifications
1 2 (8.33%) Degree
Quality Assurance & Compliance
1 6 (25.00%) MiFID
2 4 (16.67%) EMIR
3 3 (12.50%) Dodd-Frank
Vendors
1 15 (62.50%) Microsoft