Derivative Contracts

The table below looks at the prevalence of the term Derivative in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Derivative over the 3 months to 22 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.

Derivatives UK
Location	3 months to 22 Jun 2017	Same period 2016	Same period 2015
Rank	223	308	238
Rank change year-on-year	+85	-70
Contract jobs citing Derivative	517	404	551
As % of all contract IT jobs advertised in the UK	1.10%	0.75%	0.98%
As % of the Miscellaneous category	3.33%	2.25%	3.09%
Number of daily rates quoted	359	323	410
Median daily rate	£580	£550	£575
Median daily rate % change year-on-year	+5.45%	-4.34%
90% offered a daily rate of more than	£450	£425	£425
10% offered a daily rate of more than	£700	£675	£675
UK excluding London median daily rate	£500	£320	£425
% change year-on-year	+56.25%	-24.70%
Number of hourly rates quoted	1	2	0
Median hourly rate	£52.50	£65.00	-
Median hourly rate % change year-on-year	-19.23%	-
UK excluding London median hourly 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 with a requirement for generic IT skills.

Generic IT Skills UK
Contract job vacancies with a requirement for generic IT skills	15523	17976	17815
As % of all contract IT job vacancies advertised in the UK	33.12%	33.34%	31.69%
Number of daily rates quoted	10081	11797	11169
Median daily rate	£450	£425	£423
Median daily rate % change year-on-year	+5.88%	+0.59%
90% offered a daily rate of more than	£275	£260	£250
10% offered a daily rate of more than	£625	£600	£600
UK excluding London median daily rate	£400	£388	£375
% change year-on-year	+3.02%	+3.53%
Number of hourly rates quoted	497	589	658
Median hourly rate	£22.50	£22.50	£19.00
Median hourly rate % change year-on-year	-	+18.42%
90% offered a hourly rate of more than	£12.00	£12.50	£12.10
10% offered a hourly rate of more than	£50.00	£47.39	£47.33
UK excluding London median hourly rate	£25.00	£22.75	£18.69
% change year-on-year	+9.89%	+21.72%

Derivative
Job Vacancy Trend

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

Job vacancy trend for Derivative in the UK

Derivative
Contractor Daily Rate Trend

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

Contractor daily rate trend for Derivative in the UK

Derivative
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Derivative over the 3 months to 22 June 2017.

Contractor daily rate histogram for Derivative in the UK

Derivative
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for Derivative in the UK

Derivative
Top 21 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Derivative within the UK over the 3 months to 22 June 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	+71	498	£588	+6.81%	104
London	+38	483	£588	+4.44%	100
City of London	-3	93	£588	+8.04%	23
South East	+10	11	£500	+68.06%	3
Belfast	-32	10	£389	-
County Antrim	-35	10	£389	-
Northern Ireland	-38	10	£389	-
Scotland	+34	8	£513	+28.12%	13
Hampshire	-4	7	-	-	2
Basingstoke	-	7	-	-	2
Edinburgh	-	5	£500	-
Glasgow	+6	3	£525	+31.25%	13
Docklands, London	-2	3	£575	-
Surrey	-	3	£500	-
Canary Wharf	-1	2	£665	+10.83%
Mayfair	-	2	£1,025	-
Cheshire	-	2	£500	-
Chester	-	2	£500	-
North West	-	2	£500	-
Home Counties	-	1	-	-
Camberley	-	1	£475	-

Derivative
Top 30 Co-occurring IT Skills

For the 6 months to 22 June 2017, IT contractor jobs citing Derivative 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 Derivative.

1	416 (46.02%)	Finance
2	393 (43.47%)	Banking
3	392 (43.36%)	Front Office
4	302 (33.41%)	Fixed Income
5	282 (31.19%)	Java
6	280 (30.97%)	Foreign Exchange (FX)
7	264 (29.20%)	Agile Software Development
8	242 (26.77%)	Investment Banking
9	237 (26.22%)	SQL
10	213 (23.56%)	C#
11	208 (23.01%)	Equities
12	185 (20.46%)	Equity Derivative
13	143 (15.82%)	MiFID
14	136 (15.04%)	Unix
15	120 (13.27%)	C++

16	118 (13.05%)	Python
17	115 (12.72%)	OTC Derivatives
18	111 (12.28%)	Multithreading
19	105 (11.62%)	Oracle
20	104 (11.50%)	SQL Server
21	101 (11.17%)	Business Analysis
21	101 (11.17%)	Analytical Skills
22	99 (10.95%)	.NET
23	98 (10.84%)	TDD
24	90 (9.96%)	Risk Management
25	86 (9.51%)	OO
26	85 (9.40%)	Degree
27	84 (9.29%)	JavaScript
28	83 (9.18%)	Murex
29	78 (8.63%)	Perl

Derivative
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:

Application Platforms
Applications
Business Applications
Cloud Services
Communications & Networking
Database & Business Intelligence
Development Applications
General
Job Titles
Libraries, Frameworks & Software Standards
Miscellaneous
Operating Systems
Processes & Methodologies
Programming Languages
Qualifications
Quality Assurance & Compliance
System Software
Systems Management
Vendors

Application Platforms
1	16 (1.77%)	CMS
2	9 (1.00%)	Apache Spark
3	8 (0.88%)	WebSphere
4	7 (0.77%)	Confluence
4	7 (0.77%)	DataSynapse
4	7 (0.77%)	Oracle Coherence
4	7 (0.77%)	Oracle Workflow
5	6 (0.66%)	WebLogic
6	5 (0.55%)	Elasticsearch
6	5 (0.55%)	MQSeries
7	4 (0.44%)	Apache
7	4 (0.44%)	SharePoint
7	4 (0.44%)	Tomcat
8	3 (0.33%)	IIS
8	3 (0.33%)	Oracle SOA Suite
9	2 (0.22%)	GemFire
9	2 (0.22%)	JBoss
9	2 (0.22%)	WebLogic Integration
9	2 (0.22%)	WebLogic Portal
9	2 (0.22%)	WebSphere Application Server

Applications
1	72 (7.96%)	Microsoft Excel
2	20 (2.21%)	Spreadsheet
3	13 (1.44%)	Microsoft Office
4	12 (1.33%)	Microsoft PowerPoint
5	8 (0.88%)	MS Visio
6	7 (0.77%)	Microsoft Project
7	4 (0.44%)	Adobe Illustrator
7	4 (0.44%)	Photoshop
8	3 (0.33%)	AutoCAD

Business Applications
1	14 (1.55%)	Summit
2	11 (1.22%)	Global One
2	11 (1.22%)	thinkFolio
3	5 (0.55%)	Endur
3	5 (0.55%)	Sophis RISQUE
4	4 (0.44%)	IntelliMatch
4	4 (0.44%)	LatentZero
4	4 (0.44%)	Loan IQ
4	4 (0.44%)	Markit EDM
4	4 (0.44%)	Murex MxG2000
4	4 (0.44%)	Orchestrade
5	3 (0.33%)	Minerva
5	3 (0.33%)	RMDS
5	3 (0.33%)	SimCorp Dimension
5	3 (0.33%)	SunGard Martini
6	2 (0.22%)	Bloomberg AIM
6	2 (0.22%)	Eagle PACE
6	2 (0.22%)	Oracle BPM
7	1 (0.11%)	Actimize
7	1 (0.11%)	Bloomberg TOMS

Cloud Services
1	4 (0.44%)	GitHub
2	3 (0.33%)	Microsoft Azure
3	2 (0.22%)	PaaS
4	1 (0.11%)	Amazon AWS
4	1 (0.11%)	OpenShift

Communications & Networking
1	9 (1.00%)	TCP/IP
2	6 (0.66%)	DHCP
2	6 (0.66%)	DNS
2	6 (0.66%)	iSCSI
2	6 (0.66%)	LDAP
2	6 (0.66%)	NAS
2	6 (0.66%)	SAN
2	6 (0.66%)	SMTP
3	5 (0.55%)	Fibre Channel
4	4 (0.44%)	DSL
5	3 (0.33%)	Ethernet
5	3 (0.33%)	FIX Connectivity
5	3 (0.33%)	LAN
5	3 (0.33%)	Structured Cabling
5	3 (0.33%)	WAN
6	2 (0.22%)	FTP
7	1 (0.11%)	HTTPS
7	1 (0.11%)	PuTTY

Database & Business Intelligence
1	104 (11.50%)	SQL Server
2	57 (6.31%)	Relational Database
3	28 (3.10%)	RDBMS
4	27 (2.99%)	Big Data
5	25 (2.77%)	KDB
6	24 (2.65%)	DB2
7	23 (2.54%)	Data Warehouse
8	19 (2.10%)	Data Mart
9	18 (1.99%)	Hadoop
10	16 (1.77%)	Oracle Database
11	13 (1.44%)	Hazelcast
12	11 (1.22%)	BusinessObjects
13	10 (1.11%)	Apache Cassandra
13	10 (1.11%)	SQL Server 2008
14	9 (1.00%)	Kdb+
14	9 (1.00%)	NoSQL
14	9 (1.00%)	SQL Server Analysis Services
15	8 (0.88%)	MySQL
15	8 (0.88%)	PostgreSQL
16	6 (0.66%)	BusinessObjects XI

Development Applications
1	38 (4.20%)	JIRA
2	27 (2.99%)	Jenkins
3	21 (2.32%)	Git (software)
4	13 (1.44%)	Maven
4	13 (1.44%)	Team Foundation Server
5	12 (1.33%)	TeamCity
6	11 (1.22%)	Subversion
6	11 (1.22%)	webpack
7	9 (1.00%)	JUnit
8	8 (0.88%)	Gradle
9	7 (0.77%)	NUnit
9	7 (0.77%)	Selenium
10	6 (0.66%)	Hudson
10	6 (0.66%)	Robot Framework
10	6 (0.66%)	Toad
11	5 (0.55%)	Ant
11	5 (0.55%)	Moq
12	4 (0.44%)	Axure RP
12	4 (0.44%)	HP UFT
12	4 (0.44%)	Rhino Mocks

General
1	416 (46.02%)	Finance
2	393 (43.47%)	Banking
3	392 (43.36%)	Front Office
4	242 (26.77%)	Investment Banking
5	58 (6.42%)	Back Office
6	34 (3.76%)	Financial Institution
7	25 (2.77%)	Legal
8	9 (1.00%)	General Ledger
8	9 (1.00%)	German Language
9	8 (0.88%)	Prime Brokerage
10	5 (0.55%)	Corporate Banking
10	5 (0.55%)	French Language
10	5 (0.55%)	Retail
11	3 (0.33%)	Telecoms
12	2 (0.22%)	Advertising
12	2 (0.22%)	Marketing
12	2 (0.22%)	Retail Banking
12	2 (0.22%)	Wholesale Banking
13	1 (0.11%)	Japanese Language
13	1 (0.11%)	Private Banking

Job Titles
1	487 (53.87%)	Developer
2	275 (30.42%)	Analyst
3	206 (22.79%)	Business Analyst
4	162 (17.92%)	Java Developer
5	122 (13.50%)	C# Developer
6	86 (9.51%)	Senior Developer
7	85 (9.40%)	Front Office Developer
8	58 (6.42%)	C++ Developer
9	56 (6.19%)	Derivatives Business Analyst
10	51 (5.64%)	Project Manager
11	50 (5.53%)	Senior Java Developer
12	45 (4.98%)	Python Developer
13	40 (4.42%)	.NET Developer
13	40 (4.42%)	SQL Developer
14	37 (4.09%)	JavaScript Developer
15	36 (3.98%)	Investment Banking Business Analyst
15	36 (3.98%)	MiFID Business Analyst
16	33 (3.65%)	Support Analyst
17	32 (3.54%)	C# .NET Developer
18	31 (3.43%)	Quantitative Developer

Libraries, Frameworks & Software Standards
1	99 (10.95%)	.NET
2	75 (8.30%)	HTML
3	67 (7.41%)	Spring
4	65 (7.19%)	HTML5
5	62 (6.86%)	XML
6	51 (5.64%)	AngularJS
7	47 (5.20%)	WPF
8	43 (4.76%)	Middleware
9	40 (4.42%)	FIX Protocol
10	33 (3.65%)	JMS
11	32 (3.54%)	CSS
12	29 (3.21%)	FpML
12	29 (3.21%)	Murex MxML
12	29 (3.21%)	SOAP
13	28 (3.10%)	WCF
14	25 (2.77%)	Node.js
15	24 (2.65%)	React
16	23 (2.54%)	Web Services
17	22 (2.43%)	RESTful
17	22 (2.43%)	STL

Miscellaneous
1	302 (33.41%)	Fixed Income
2	280 (30.97%)	Foreign Exchange (FX)
3	208 (23.01%)	Equities
4	185 (20.46%)	Equity Derivative
5	115 (12.72%)	OTC Derivatives
6	101 (11.17%)	Analytical Skills
7	66 (7.30%)	Interest Rate Derivative
8	65 (7.19%)	Computer Science
9	48 (5.31%)	Credit Derivative
10	47 (5.20%)	Data Structures
11	44 (4.87%)	Algorithms
12	43 (4.76%)	Greenfield Project
13	40 (4.42%)	Market Risk
14	32 (3.54%)	Credit Risk
15	30 (3.32%)	Grid Computing
16	27 (2.99%)	Fintech
16	27 (2.99%)	Hedge funds
17	23 (2.54%)	Reference Data
18	22 (2.43%)	Swaptions
19	19 (2.10%)	User Experience

Operating Systems
1	136 (15.04%)	Unix
2	72 (7.96%)	Linux
3	62 (6.86%)	Windows
4	7 (0.77%)	Red Hat Enterprise Linux
4	7 (0.77%)	Solaris
4	7 (0.77%)	Windows 7
5	6 (0.66%)	CentOS
6	5 (0.55%)	Data ONTAP
7	4 (0.44%)	Windows Server
8	1 (0.11%)	Android
8	1 (0.11%)	Apple iOS
8	1 (0.11%)	Windows Server 2003
8	1 (0.11%)	Windows Server 2012

Processes & Methodologies
1	264 (29.20%)	Agile Software Development
2	111 (12.28%)	Multithreading
3	101 (11.17%)	Business Analysis
4	98 (10.84%)	TDD
5	90 (9.96%)	Risk Management
6	86 (9.51%)	OO
7	77 (8.52%)	Electronic Trading
8	74 (8.19%)	Analytics
9	72 (7.96%)	Continuous Integration
9	72 (7.96%)	Scrum
10	70 (7.74%)	Mathematics
11	61 (6.75%)	Project Management
11	61 (6.75%)	SDLC
12	60 (6.64%)	Workflow
13	59 (6.53%)	Asset Management
14	55 (6.08%)	Change Management
15	52 (5.75%)	Stakeholder Management
16	50 (5.53%)	Migration
17	49 (5.42%)	Investment Management
18	43 (4.76%)	Test Automation

Programming Languages
1	282 (31.19%)	Java
2	237 (26.22%)	SQL
3	213 (23.56%)	C#
4	120 (13.27%)	C++
5	118 (13.05%)	Python
6	84 (9.29%)	JavaScript
7	78 (8.63%)	Perl
8	61 (6.75%)	Scala
9	56 (6.19%)	VBA
10	45 (4.98%)	Shell Script
11	21 (2.32%)	PL/SQL
12	16 (1.77%)	T-SQL
13	15 (1.66%)	C
14	11 (1.22%)	ES6
15	9 (1.00%)	TypeScript
15	9 (1.00%)	VB.NET
16	8 (0.88%)	Bash Shell
17	7 (0.77%)	PowerShell
18	6 (0.66%)	Korn
19	3 (0.33%)	Haskell

Qualifications
1	85 (9.40%)	Degree
2	41 (4.54%)	Computer Science Degree
3	17 (1.88%)	Numerate Degree
4	15 (1.66%)	PMI Certification
5	10 (1.11%)	CFA
5	10 (1.11%)	PMP
6	8 (0.88%)	ISEB
7	6 (0.66%)	PhD
8	4 (0.44%)	ISTQB
8	4 (0.44%)	Master's Degree
9	3 (0.33%)	MBA
9	3 (0.33%)	PRINCE2 Certification
9	3 (0.33%)	SC Cleared
9	3 (0.33%)	Security Cleared
10	2 (0.22%)	DV Cleared
10	2 (0.22%)	IIBA
10	2 (0.22%)	ITIL Certification
11	1 (0.11%)	A+ Certification
11	1 (0.11%)	Brainbench
11	1 (0.11%)	CAPM

Quality Assurance & Compliance
1	143 (15.82%)	MiFID
2	59 (6.53%)	EMIR
3	40 (4.42%)	Dodd-Frank
4	29 (3.21%)	QA
5	10 (1.11%)	Data Quality
6	5 (0.55%)	PMO
7	3 (0.33%)	JSP 440
7	3 (0.33%)	Solvency II
8	2 (0.22%)	FATCA
8	2 (0.22%)	FINREP
9	1 (0.11%)	Basel III
9	1 (0.11%)	CRD IV
9	1 (0.11%)	IFRS
9	1 (0.11%)	ISO 20022
9	1 (0.11%)	Sarbanes-Oxley
9	1 (0.11%)	SLA

System Software
1	8 (0.88%)	HDFS
2	7 (0.77%)	Platform Symphony
2	7 (0.77%)	VMware Infrastructure
3	6 (0.66%)	Active Directory
3	6 (0.66%)	Hyper-V
4	5 (0.55%)	NFS
5	4 (0.44%)	Docker
6	3 (0.33%)	Virtual Machines
7	1 (0.11%)	Oracle RAC

Systems Management
1	12 (1.33%)	Control-M
2	8 (0.88%)	Puppet
3	6 (0.66%)	Ansible
3	6 (0.66%)	Nagios
3	6 (0.66%)	NetBackup
3	6 (0.66%)	Opscode Chef
3	6 (0.66%)	Salt
3	6 (0.66%)	vCenter Server
4	3 (0.33%)	HP Quality Center
4	3 (0.33%)	Kubernetes
4	3 (0.33%)	TeamSite
5	2 (0.22%)	ITRS Geneos
6	1 (0.11%)	BladeLogic
6	1 (0.11%)	Red Hat Satellite

Vendors
1	105 (11.62%)	Oracle
2	83 (9.18%)	Murex
3	70 (7.74%)	Sybase
4	57 (6.31%)	Microsoft
5	29 (3.21%)	Bloomberg
6	18 (1.99%)	Fidessa
7	17 (1.88%)	Reuters
8	16 (1.77%)	TIBCO
9	14 (1.55%)	Charles River
10	13 (1.44%)	IBM
11	12 (1.33%)	Sophis
12	11 (1.22%)	Calypso
13	8 (0.88%)	Informatica
14	7 (0.77%)	SimCorp
14	7 (0.77%)	VMware
15	6 (0.66%)	NetApp
16	5 (0.55%)	Cisco
16	5 (0.55%)	ION Trading
16	5 (0.55%)	OpenLink
16	5 (0.55%)	Perforce