The table below looks at the prevalence of the term Contract for Difference in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Contract for Difference over the 3 months to 28 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)
UK
3 months to
28 Mar 2017
Same period 2016 Same period 2015
Rank 603 634 626
Rank change year-on-year +31 -8  
Contract jobs citing Contract for Difference 5 5 16
As % of all contract IT jobs advertised in the UK 0.011% 0.009% 0.030%
As % of the Miscellaneous category 0.035% 0.030% 0.098%
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 with a requirement for generic IT skills.

Generic IT Skills
UK
Contract job vacancies with a requirement for generic IT skills 14408 16675 16347
As % of all contract IT job vacancies advertised in the UK 31.96% 31.12% 30.26%
Number of daily rates quoted 9314 10891 9856
Median daily rate £450 £425 £420
Median daily rate % change year-on-year +5.88% +1.19%  
90% offered a daily rate of more than £265 £260 £250
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £400 £375 £375
% change year-on-year +6.66% -  
Number of hourly rates quoted 535 564 695
Median hourly rate £22.50 £22.84 £18.83
Median hourly rate % change year-on-year -1.46% +21.30%  
90% offered a hourly rate of more than £11.33 £12.50 £11.76
10% offered a hourly rate of more than £50.00 £51.00 £45.00
UK excluding London median hourly rate £18.68 £27.22 £18.83
% change year-on-year -31.36% +44.56%  

Contract for Difference
Job Vacancy Trend

The job posting trend of jobs advertised 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 the UK

Contract for Difference
Contractor Daily Rate Trend

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

Contractor daily rate trend for Contract for Difference in the UK

Contract for Difference
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for Contract for Difference in the UK

Contract for Difference
Top 5 Contract Locations

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 UK over the 3 months to 28 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
England +31 5 £625 +4.16%
London +23 4 £625 +4.16%
Oxford - 1 - -
Oxfordshire - 1 - -
South East - 1 - -

Contract for Difference
Top 30 Co-occurring IT Skills

For the 6 months to 28 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 with a requirement for Contract for Difference.

1 4 (57.14%) Derivative
2 3 (42.86%) Finance
2 3 (42.86%) Foreign Exchange (FX)
3 2 (28.57%) Sun
3 2 (28.57%) PMP
3 2 (28.57%) PMI Certification
3 2 (28.57%) XML
3 2 (28.57%) PRINCE2
3 2 (28.57%) Python
3 2 (28.57%) Project Management
3 2 (28.57%) Management Information System
3 2 (28.57%) Workflow
3 2 (28.57%) PostgreSQL
3 2 (28.57%) Fixed Income
3 2 (28.57%) DTCC
3 2 (28.57%) Degree
3 2 (28.57%) FIX Protocol
3 2 (28.57%) Asset Management
3 2 (28.57%) Automated Testing
3 2 (28.57%) Investment Management
3 2 (28.57%) Product Management
3 2 (28.57%) Docker
3 2 (28.57%) DevOps
3 2 (28.57%) Analytical Skills
3 2 (28.57%) Workflow Analysis
3 2 (28.57%) OTC Derivatives
3 2 (28.57%) Django
4 1 (14.29%) User Acceptance Testing
4 1 (14.29%) Business Process Modelling
4 1 (14.29%) Collateral Management

Contract for Difference
Co-occurring IT Skills 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 (14.29%) MS Excel
1 1 (14.29%) MS Office
Database & Business Intelligence
1 2 (28.57%) PostgreSQL
General
1 3 (42.86%) Finance
2 1 (14.29%) Back Office
Job Titles
1 2 (28.57%) Analyst
1 2 (28.57%) Business Analyst
1 2 (28.57%) Coordinator
1 2 (28.57%) Derivatives Business Analyst
1 2 (28.57%) Developer
1 2 (28.57%) Project Coordinator
1 2 (28.57%) Python Developer
2 1 (14.29%) Architect
2 1 (14.29%) Change Analyst
2 1 (14.29%) Investment Management Business Analyst
2 1 (14.29%) OTC Derivatives Analyst
2 1 (14.29%) OTC Derivatives Business Analyst
2 1 (14.29%) Solutions Architect
Libraries, Frameworks & Software Standards
1 2 (28.57%) Django
1 2 (28.57%) FIX Protocol
1 2 (28.57%) XML
Miscellaneous
1 4 (57.14%) Derivative
2 3 (42.86%) Foreign Exchange (FX)
3 2 (28.57%) Analytical Skills
3 2 (28.57%) DTCC
3 2 (28.57%) Fixed Income
3 2 (28.57%) Management Information System
3 2 (28.57%) OTC Derivatives
Processes & Methodologies
1 2 (28.57%) Asset Management
1 2 (28.57%) Automated Testing
1 2 (28.57%) DevOps
1 2 (28.57%) Investment Management
1 2 (28.57%) PRINCE2
1 2 (28.57%) Product Management
1 2 (28.57%) Project Management
1 2 (28.57%) Workflow
1 2 (28.57%) Workflow Analysis
2 1 (14.29%) Business Analysis
2 1 (14.29%) Business Process Modelling
2 1 (14.29%) Collateral Management
2 1 (14.29%) Data Analysis
2 1 (14.29%) Fund Management
2 1 (14.29%) Migration
2 1 (14.29%) TOGAF
2 1 (14.29%) User Acceptance Testing
Programming Languages
1 2 (28.57%) Python
Qualifications
1 2 (28.57%) Degree
1 2 (28.57%) PMI Certification
1 2 (28.57%) PMP
Quality Assurance & Compliance
1 1 (14.29%) Dodd-Frank
1 1 (14.29%) EMIR
System Software
1 2 (28.57%) Docker
Vendors
1 2 (28.57%) Sun
2 1 (14.29%) Bloomberg
2 1 (14.29%) Microsoft
2 1 (14.29%) Reuters