Period
to 24 October 2020

The table below looks at the prevalence of the term Foreign Exchange (FX) in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Foreign Exchange (FX) over the 6 months to 24 October 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.

Foreign Exchange (FX)
UK
6 months to
24 Oct 2020
Same period 2019 Same period 2018
Rank 136 346 260
Rank change year-on-year +210 -86 -92
Contract jobs citing Foreign Exchange (FX) 607 601 1,104
As % of all contract jobs advertised in the UK 1.91% 0.71% 1.07%
As % of the Miscellaneous category 5.64% 2.28% 3.29%
Number of daily rates quoted 515 414 855
Median daily rate £650 £600 £600
Median daily rate % change year-on-year +8.33% - -
10th Percentile £475 £413 £450
90th Percentile £813 £794 £788
UK excluding London median daily rate £563 £463 £404
% change year-on-year +21.62% +14.62% -15.05%
Number of hourly rates quoted 2 7 2
Median hourly rate £24.50 £35.00 £55.00
Median hourly rate % change year-on-year -30.00% -36.36% +18.92%
10th Percentile £16.10 £16.25 £44.00
90th Percentile £32.90 £43.00 £70.00
UK excluding London median hourly rate £14.00 £35.00 £45.00
% change year-on-year -60.00% -22.22% -

Foreign Exchange (FX) 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 with a requirement for generic IT skills.

All Generic IT Skills
UK
Contract vacancies with a requirement for generic IT skills 10,770 26,409 33,590
As % of all contract IT jobs advertised in the UK 33.83% 31.26% 32.45%
Number of daily rates quoted 6,864 16,795 21,834
Median daily rate £475 £475 £475
10th Percentile £253 £263 £273
90th Percentile £713 £669 £656
UK excluding London median daily rate £413 £425 £420
% change year-on-year -2.94% +1.19% +5.00%
Number of hourly rates quoted 452 1,050 1,053
Median hourly rate £34.00 £22.00 £20.00
Median hourly rate % change year-on-year +54.55% +10.00% -
10th Percentile £12.63 £11.79 £12.23
90th Percentile £54.90 £53.75 £50.00
Median hourly rate £25.17 £20.75 £19.00
% change year-on-year +21.28% +9.21% -3.27%

Foreign Exchange (FX)
Job Vacancy Trend

Job postings citing Foreign Exchange (FX) as a proportion of all IT jobs advertised.

Job vacancy trend for Foreign Exchange (FX) in the UK

Foreign Exchange (FX)
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Foreign Exchange (FX).

Daily rate trend for Foreign Exchange (FX) in the UK

Foreign Exchange (FX)
Daily Rate Histogram

Daily rate distribution for jobs citing Foreign Exchange (FX) over the 6 months to 24 October 2020.

Daily rate histogram for Foreign Exchange (FX) in the UK

Foreign Exchange (FX)
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Foreign Exchange (FX).

Hourly rate trend for Foreign Exchange (FX) in the UK

Foreign Exchange (FX)
Hourly Rate Histogram

Hourly rate distribution of jobs citing Foreign Exchange (FX) over the 6 months to 24 October 2020.

Hourly rate histogram for Foreign Exchange (FX) in the UK

Foreign Exchange (FX)
Top 9 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Foreign Exchange (FX) within the UK over the 6 months to 24 October 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
England +206 592 £650 +8.33% 88
London +118 583 £650 +8.33% 87
Work from Home - 50 £650 - 6
UK excluding London +232 12 £563 +21.62% 2
Northern Ireland +9 5 £376 -8.85% 1
East of England +94 4 £650 +116.67%
Midlands +86 2 - -
West Midlands +68 2 - -
South East +179 1 £525 +5.00%

For the 6 months to 24 October 2020, IT contractor jobs citing Foreign Exchange (FX) 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 with a requirement for Foreign Exchange (FX).

1 418 (68.86%) Front Office
2 377 (62.11%) Finance
3 369 (60.79%) Java
4 337 (55.52%) Fixed Income
5 325 (53.54%) Derivative
6 308 (50.74%) Equities
7 301 (49.59%) Agile Software Development
8 268 (44.15%) Banking
9 260 (42.83%) Asset Management
10 255 (42.01%) Python
11 254 (41.85%) Web Services
11 254 (41.85%) Software Engineering
12 253 (41.68%) AWS
13 245 (40.36%) JavaScript
14 238 (39.21%) Hedge funds
15 225 (37.07%) AngularJS
16 212 (34.93%) React
17 193 (31.80%) Vue.js
18 190 (31.30%) Investment Management
18 190 (31.30%) Investment Banking
19 135 (22.24%) SQL
20 126 (20.76%) Multithreading
21 121 (19.93%) Azure
22 119 (19.60%) GCP
23 103 (16.97%) C#
24 96 (15.82%) C++
25 92 (15.16%) Google
26 91 (14.99%) Low Latency
27 89 (14.66%) Electronic Trading
28 85 (14.00%) Portfolio Management

Foreign Exchange (FX)
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
1 19 (3.13%) Apache
2 14 (2.31%) Apache Spark
3 7 (1.15%) CMS
4 5 (0.82%) Tomcat
5 2 (0.33%) IBM HTTP Server
6 1 (0.16%) IIS
6 1 (0.16%) Jupyter
6 1 (0.16%) SharePoint
Applications
1 7 (1.15%) Microsoft Excel
2 6 (0.99%) Chatbot
3 5 (0.82%) Spreadsheet
4 4 (0.66%) Microsoft Office
5 3 (0.49%) Microsoft PowerPoint
6 1 (0.16%) Adobe XD
6 1 (0.16%) Houdini
6 1 (0.16%) Maya
6 1 (0.16%) Photoshop
Business Applications
1 11 (1.81%) ION MarketView
2 8 (1.32%) Front Arena
3 4 (0.66%) RMDS
4 3 (0.49%) Misys Midas
5 2 (0.33%) Markit EDM
5 2 (0.33%) SimCorp Dimension
5 2 (0.33%) Temenos Globus
5 2 (0.33%) Temenos T24
6 1 (0.16%) Endur
6 1 (0.16%) Orchestrade
Cloud Services
1 253 (41.68%) AWS
2 121 (19.93%) Azure
3 119 (19.60%) GCP
4 65 (10.71%) Serverless
5 63 (10.38%) Amazon EC2
5 63 (10.38%) Amazon S3
5 63 (10.38%) AWS Lambda
6 4 (0.66%) SaaS
7 2 (0.33%) Amazon ECS
7 2 (0.33%) Amazon SQS
7 2 (0.33%) Power Platform
8 1 (0.16%) NuGet
Communications & Networking
1 9 (1.48%) Multicast
2 2 (0.33%) Firewall
3 1 (0.16%) DMZ
3 1 (0.16%) DSL
3 1 (0.16%) Ethernet
3 1 (0.16%) HTTP
3 1 (0.16%) TCP/IP
3 1 (0.16%) VXLAN
3 1 (0.16%) WAN
Database & Business Intelligence
1 63 (10.38%) Amazon DynamoDB
2 31 (5.11%) SQL Server
3 25 (4.12%) NoSQL
4 14 (2.31%) Apache Ignite
5 13 (2.14%) Big Data
6 8 (1.32%) Data Mart
7 7 (1.15%) MongoDB
7 7 (1.15%) Redis
8 6 (0.99%) Apache Cassandra
8 6 (0.99%) KDB
9 5 (0.82%) Hazelcast
10 2 (0.33%) Amazon Redshift
10 2 (0.33%) Power BI
10 2 (0.33%) QlikView
11 1 (0.16%) Hadoop
11 1 (0.16%) Oracle Database
11 1 (0.16%) Qlik Sense
Development Applications
1 46 (7.58%) Git (software)
2 43 (7.08%) RStudio
3 28 (4.61%) GCC
3 28 (4.61%) GDB
4 17 (2.80%) Maven
5 13 (2.14%) TeamCity
6 12 (1.98%) Robot Framework
7 10 (1.65%) JIRA
8 9 (1.48%) git-flow
9 8 (1.32%) Octopus Deploy
10 7 (1.15%) Subversion
11 5 (0.82%) Jenkins
12 4 (0.66%) Cucumber
12 4 (0.66%) Visual Studio
12 4 (0.66%) webpack
13 1 (0.16%) GitLab
13 1 (0.16%) Gradle
13 1 (0.16%) NUnit
13 1 (0.16%) ReSharper
13 1 (0.16%) Selenium
General
1 418 (68.86%) Front Office
2 377 (62.11%) Finance
3 268 (44.15%) Banking
4 190 (31.30%) Investment Banking
5 16 (2.64%) Back Office
6 12 (1.98%) Financial Institution
7 5 (0.82%) Corporate Banking
8 3 (0.49%) International Banking
8 3 (0.49%) Legal
8 3 (0.49%) Private Banking
9 2 (0.33%) Retail Banking
9 2 (0.33%) Wholesale Banking
10 1 (0.16%) Advertising
10 1 (0.16%) Law
10 1 (0.16%) Manufacturing
10 1 (0.16%) Marketing
Job Titles
1 455 (74.96%) Developer
2 155 (25.54%) Software Engineer
3 144 (23.72%) Java Developer
4 140 (23.06%) Developer/Software Engineer
5 116 (19.11%) AWS Engineer
6 97 (15.98%) AWS Developer
7 94 (15.49%) JavaScript Developer
8 85 (14.00%) Python Developer
9 68 (11.20%) JavaScript Engineer
10 67 (11.04%) Front Office Developer
11 58 (9.56%) AWS Software Engineer
12 55 (9.06%) Python Engineer
13 54 (8.90%) Python Software Engineer
14 50 (8.24%) Analyst
15 44 (7.25%) Electronic Trading Developer
16 43 (7.08%) Electronic Trading Java Developer
17 39 (6.43%) .NET Software Engineer
18 29 (4.78%) Business Analyst
18 29 (4.78%) C++ Developer
18 29 (4.78%) Java Engineer
Libraries, Frameworks & Software Standards
1 254 (41.85%) Web Services
2 225 (37.07%) AngularJS
3 212 (34.93%) React
4 193 (31.80%) Vue.js
5 78 (12.85%) Node.js
6 75 (12.36%) .NET
7 64 (10.54%) .NET Core
8 53 (8.73%) ASP.NET
9 48 (7.91%) ASP.NET Core
10 25 (4.12%) Kafka
11 21 (3.46%) Boost C++ Libraries
11 21 (3.46%) STL
12 20 (3.29%) FIX Protocol
13 17 (2.80%) WPF
14 15 (2.47%) J2EE
15 12 (1.98%) Akka
15 12 (1.98%) HTML
16 9 (1.48%) .NET Framework
16 9 (1.48%) Spring
16 9 (1.48%) Spring Boot
Miscellaneous
1 337 (55.52%) Fixed Income
2 325 (53.54%) Derivative
3 308 (50.74%) Equities
4 238 (39.21%) Hedge funds
5 34 (5.60%) Greenfield Project
6 32 (5.27%) Analytical Skills
7 24 (3.95%) Blog
8 21 (3.46%) Market Risk
9 19 (3.13%) Credit Derivative
10 17 (2.80%) Data Structures
11 11 (1.81%) User Experience
12 8 (1.32%) Equity Derivative
13 6 (0.99%) Credit Risk
13 6 (0.99%) Grid Computing
13 6 (0.99%) Robotics
14 5 (0.82%) Algorithms
14 5 (0.82%) Management Information System
14 5 (0.82%) Virtual Team
15 4 (0.66%) Analytical Mindset
15 4 (0.66%) Swaptions
Operating Systems
1 50 (8.24%) Linux
2 5 (0.82%) Unix
3 4 (0.66%) Windows
Processes & Methodologies
1 301 (49.59%) Agile Software Development
2 260 (42.83%) Asset Management
3 254 (41.85%) Software Engineering
4 190 (31.30%) Investment Management
5 126 (20.76%) Multithreading
6 91 (14.99%) Low Latency
7 89 (14.66%) Electronic Trading
8 85 (14.00%) Portfolio Management
9 75 (12.36%) Business Analysis
10 72 (11.86%) Microservices
11 71 (11.70%) Fintech
12 69 (11.37%) DevOps
13 63 (10.38%) Migration
14 58 (9.56%) Decision-Making
15 52 (8.57%) Analytics
16 43 (7.08%) Scrum
17 40 (6.59%) Risk Management
17 40 (6.59%) SDLC
18 37 (6.10%) Front End Development
19 33 (5.44%) Problem-Solving
Programming Languages
1 369 (60.79%) Java
2 255 (42.01%) Python
3 245 (40.36%) JavaScript
4 135 (22.24%) SQL
5 103 (16.97%) C#
6 96 (15.82%) C++
7 70 (11.53%) Kotlin
8 52 (8.57%) TypeScript
9 27 (4.45%) Scala
10 14 (2.31%) Clojure
10 14 (2.31%) Haskell
10 14 (2.31%) VBA
11 8 (1.32%) C
12 7 (1.15%) ES6
13 6 (0.99%) Java 8
13 6 (0.99%) T-SQL
14 3 (0.49%) Shell Script
15 1 (0.16%) Perl
15 1 (0.16%) PHP
15 1 (0.16%) PowerShell
Qualifications
1 30 (4.94%) Degree
2 16 (2.64%) Computer Science Degree
3 3 (0.49%) Master's Degree
4 2 (0.33%) PhD
5 1 (0.16%) MBA
5 1 (0.16%) Numerate Degree
5 1 (0.16%) PRINCE2 Certification
Quality Assurance & Compliance
1 15 (2.47%) QA
2 10 (1.65%) MiFID
3 7 (1.15%) GDPR
4 3 (0.49%) EMIR
5 1 (0.16%) COBIT
5 1 (0.16%) Data Quality
5 1 (0.16%) Dodd-Frank
5 1 (0.16%) PMO
System Software
1 9 (1.48%) Docker
Systems Management
1 6 (0.99%) Kubernetes
2 5 (0.82%) ITRS Geneos
2 5 (0.82%) Tivoli
3 3 (0.49%) Ansible
4 2 (0.33%) Terraform
5 1 (0.16%) IBM BigFix
5 1 (0.16%) Puppet
Vendors
1 92 (15.16%) Google
2 22 (3.62%) Murex
3 17 (2.80%) Bloomberg
4 13 (2.14%) Oracle
5 11 (1.81%) ION Trading
6 7 (1.15%) TIBCO
7 5 (0.82%) Solace
8 4 (0.66%) Charles River
8 4 (0.66%) FIS
8 4 (0.66%) ServiceNow
9 3 (0.49%) Salesforce.com
10 2 (0.33%) Atlassian
10 2 (0.33%) Calypso
10 2 (0.33%) FXall
10 2 (0.33%) GoldenSource
10 2 (0.33%) Microsoft
10 2 (0.33%) SimCorp
10 2 (0.33%) Tradeweb
11 1 (0.16%) Adobe
11 1 (0.16%) Hyperion