Period
to 23 April 2021

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 23 April 2021 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
23 Apr 2021
Same period 2020 Same period 2019
Rank 221 251 377
Rank change year-on-year +30 +126 -150
Contract jobs citing Foreign Exchange (FX) 626 574 627
As % of all contract jobs advertised in the UK 1.16% 1.02% 0.66%
As % of the Miscellaneous category 3.43% 3.13% 2.02%
Number of daily rates quoted 498 478 501
10th Percentile £500 £508 £413
25th Percentile £575 £550 £525
Median daily rate (50th Percentile) £675 £650 £650
Median % change year-on-year +3.85% - -3.70%
75th Percentile £763 £725 £713
90th Percentile £800 £788 £775
UK excluding London median daily rate £575 £500 £330
% change year-on-year +15.00% +51.52% -16.46%

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 18,255 18,347 31,045
As % of all contract IT jobs advertised in the UK 33.74% 32.66% 32.59%
Number of daily rates quoted 12,227 11,794 20,492
10th Percentile £270 £225 £275
25th Percentile £381 £363 £369
Median daily rate (50th Percentile) £488 £466 £475
Median % change year-on-year +4.61% -1.89% +5.56%
75th Percentile £600 £575 £575
90th Percentile £691 £675 £663
UK excluding London median daily rate £425 £425 £425
Number of hourly rates quoted 740 836 997
10th Percentile £12.02 £12.68 £11.75
25th Percentile £16.00 £16.25 £14.05
Median hourly rate £25.00 £22.50 £20.50
Median % change year-on-year +11.11% +9.76% -
75th Percentile £46.00 £44.75 £43.00
90th Percentile £58.00 £53.75 £50.00
UK excluding London median hourly rate £23.49 £20.50 £18.75
% change year-on-year +14.56% +9.33% -3.85%

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 23 April 2021.

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)
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 23 April 2021. 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 +49 604 £675 +3.85% 78
London +17 598 £675 +3.85% 75
Work from Home -172 90 £650 +22.35% 6
UK excluding London +71 7 £575 +15.00% 3
Midlands +21 3 £575 +9.52%
East Midlands +19 3 £575 +12.20%
Northern Ireland +6 2 £413 +19.57%
Scotland +1 1 £575 +24.32%
Channel Islands - 1 - -

For the 6 months to 23 April 2021, 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).

1 367 (58.63%) Front Office
2 316 (50.48%) Java
3 271 (43.29%) Banking
4 247 (39.46%) Finance
5 202 (32.27%) C++
6 195 (31.15%) Investment Banking
7 194 (30.99%) C#
8 191 (30.51%) Agile Software Development
9 171 (27.32%) Derivative
10 164 (26.20%) Electronic Trading
11 163 (26.04%) Multithreading
12 156 (24.92%) Low Latency
13 147 (23.48%) Software Engineering
13 147 (23.48%) Fixed Income
14 146 (23.32%) Equities
15 143 (22.84%) SQL
16 137 (21.88%) Python
17 123 (19.65%) .NET
18 107 (17.09%) AWS
19 99 (15.81%) JavaScript
20 87 (13.90%) Analytical Skills
20 87 (13.90%) React
21 85 (13.58%) AngularJS
22 81 (12.94%) Hedge funds
23 77 (12.30%) Asset Management
24 71 (11.34%) Linux
25 69 (11.02%) TDD
26 68 (10.86%) FIX Protocol
27 67 (10.70%) Data Structures
28 65 (10.38%) TypeScript

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 10 (1.60%) Apache Spark
1 10 (1.60%) Oracle Coherence
2 8 (1.28%) Apache
2 8 (1.28%) Confluence
3 3 (0.48%) Oracle Workflow
3 3 (0.48%) WebSphere
4 2 (0.32%) Jupyter
5 1 (0.16%) MQSeries
5 1 (0.16%) SharePoint
Applications
1 10 (1.60%) Microsoft Excel
2 5 (0.80%) Spreadsheet
3 3 (0.48%) Microsoft PowerPoint
3 3 (0.48%) MS Visio
4 2 (0.32%) Microsoft Office
5 1 (0.16%) 3ds Max
5 1 (0.16%) Adobe After Effects
5 1 (0.16%) Houdini
5 1 (0.16%) Maya
5 1 (0.16%) Photoshop
Business Applications
1 8 (1.28%) Summit
2 7 (1.12%) Refinitiv Enterprise Platform
3 6 (0.96%) Eikon
4 5 (0.80%) Markit EDM
5 2 (0.32%) Oracle FAH
5 2 (0.32%) Oracle General Ledger
5 2 (0.32%) Oracle Subledger Accounting
5 2 (0.32%) Orchestrade
5 2 (0.32%) SAP FI
6 1 (0.16%) BusinessWorks
6 1 (0.16%) Loan IQ
6 1 (0.16%) Misys Opics
6 1 (0.16%) PolarLake
6 1 (0.16%) RMDS
6 1 (0.16%) SAP CO
6 1 (0.16%) SAP ERP
6 1 (0.16%) SAP FI/CO
6 1 (0.16%) SAP S/4HANA
6 1 (0.16%) thinkFolio
Cloud Services
1 107 (17.09%) AWS
2 32 (5.11%) Azure
3 27 (4.31%) Amazon EC2
3 27 (4.31%) Amazon S3
3 27 (4.31%) AWS Lambda
3 27 (4.31%) Serverless
4 23 (3.67%) GCP
5 20 (3.19%) AWS CloudFormation
6 2 (0.32%) Cloud Computing
6 2 (0.32%) Microsoft 365
6 2 (0.32%) SaaS
7 1 (0.16%) Azure Active Directory
7 1 (0.16%) Azure Machine Learning
7 1 (0.16%) OneDrive
7 1 (0.16%) OpenShift
Communications & Networking
1 10 (1.60%) TCP/IP
2 9 (1.44%) Multicast
3 7 (1.12%) Firewall
4 4 (0.64%) SSL
5 2 (0.32%) HTTP
5 2 (0.32%) LAN
5 2 (0.32%) VPN
5 2 (0.32%) WAN
5 2 (0.32%) Wireless
6 1 (0.16%) Cisco IPT
6 1 (0.16%) DSL
6 1 (0.16%) GPON
6 1 (0.16%) Internet
6 1 (0.16%) PuTTY
6 1 (0.16%) Unified Communications
6 1 (0.16%) WebEx
Database & Business Intelligence
1 27 (4.31%) Amazon DynamoDB
2 23 (3.67%) SQL Server
3 16 (2.56%) Relational Database
4 11 (1.76%) NoSQL
5 10 (1.60%) Big Data
5 10 (1.60%) Hazelcast
5 10 (1.60%) Redis
6 9 (1.44%) Blockchain
7 8 (1.28%) Apache Ignite
7 8 (1.28%) MongoDB
8 7 (1.12%) KDB
9 6 (0.96%) Oracle Reports
10 5 (0.80%) InterSystems Cache
11 3 (0.48%) RDBMS
12 2 (0.32%) DB2
12 2 (0.32%) MS Access
12 2 (0.32%) PostgreSQL
12 2 (0.32%) QlikView
12 2 (0.32%) SQL Server Integration Services
12 2 (0.32%) SQL Server Reporting Services
Development Applications
1 36 (5.75%) JIRA
2 32 (5.11%) TeamCity
3 26 (4.15%) Jenkins
4 19 (3.04%) Git (software)
5 14 (2.24%) GCC
5 14 (2.24%) GDB
6 12 (1.92%) Bitbucket
7 10 (1.60%) Octopus Deploy
8 7 (1.12%) Subversion
9 5 (0.80%) Maven
9 5 (0.80%) NUnit
10 4 (0.64%) Cucumber
10 4 (0.64%) git-flow
10 4 (0.64%) IntelliJ
11 3 (0.48%) Selenium
11 3 (0.48%) TestComplete
12 1 (0.16%) FumeFX
12 1 (0.16%) Storybook
12 1 (0.16%) Visual Studio
12 1 (0.16%) webpack
General
1 367 (58.63%) Front Office
2 271 (43.29%) Banking
3 247 (39.46%) Finance
4 195 (31.15%) Investment Banking
5 14 (2.24%) Back Office
6 11 (1.76%) Financial Institution
6 11 (1.76%) Prime Brokerage
7 6 (0.96%) Retail
8 5 (0.80%) Legal
9 4 (0.64%) French Language
9 4 (0.64%) International Banking
9 4 (0.64%) Manufacturing
9 4 (0.64%) Private Banking
10 3 (0.48%) Aerospace
10 3 (0.48%) Public Sector
11 2 (0.32%) General Ledger
11 2 (0.32%) Marketing
11 2 (0.32%) Synthetic Prime Brokerage
11 2 (0.32%) Telecoms
12 1 (0.16%) Wholesale Banking
Job Titles
1 443 (70.77%) Developer
2 198 (31.63%) Java Developer
3 105 (16.77%) Front Office Developer
4 70 (11.18%) C++ Developer
5 69 (11.02%) Analyst
6 68 (10.86%) Investment Banking Java Developer
7 61 (9.74%) C# Developer
8 59 (9.42%) Software Engineer
9 55 (8.79%) Electronic Trading Developer
9 55 (8.79%) Electronic Trading Java Developer
10 48 (7.67%) Developer/Software Engineer
11 45 (7.19%) Business Analyst
11 45 (7.19%) Lead Developer
12 44 (7.03%) Python Developer
13 43 (6.87%) Quantitative Developer
14 37 (5.91%) JavaScript Developer
15 31 (4.95%) React Developer
15 31 (4.95%) SQL Developer
16 29 (4.63%) Python Engineer
17 27 (4.31%) Python Software Engineer
Libraries, Frameworks & Software Standards
1 123 (19.65%) .NET
2 87 (13.90%) React
3 85 (13.58%) AngularJS
4 68 (10.86%) FIX Protocol
5 59 (9.42%) Web Services
6 53 (8.47%) .NET Core
7 44 (7.03%) Vue.js
8 39 (6.23%) Node.js
8 39 (6.23%) Spring
9 36 (5.75%) Kafka
10 34 (5.43%) HTML
11 29 (4.63%) Middleware
12 26 (4.15%) Spring Boot
13 24 (3.83%) HTML5
13 24 (3.83%) Rendezvous
14 21 (3.35%) RESTful
15 18 (2.88%) WebSockets
15 18 (2.88%) WPF
16 16 (2.56%) GraphQL
17 15 (2.40%) Boost C++ Libraries
Miscellaneous
1 171 (27.32%) Derivative
2 147 (23.48%) Fixed Income
3 146 (23.32%) Equities
4 87 (13.90%) Analytical Skills
5 81 (12.94%) Hedge funds
6 67 (10.70%) Data Structures
7 63 (10.06%) Greenfield Project
8 37 (5.91%) Algorithms
9 36 (5.75%) Enterprise Software
10 17 (2.72%) User Experience
11 16 (2.56%) Credit Risk
12 10 (1.60%) Management Information System
13 9 (1.44%) Analytical Mindset
13 9 (1.44%) Grid Computing
14 8 (1.28%) Market Risk
15 5 (0.80%) Client/Server
15 5 (0.80%) Interest Rate Derivative
15 5 (0.80%) SWIFT
16 4 (0.64%) N-Tier
17 3 (0.48%) Tandem
Operating Systems
1 71 (11.34%) Linux
2 26 (4.15%) Unix
3 16 (2.56%) Windows
4 7 (1.12%) Red Hat Enterprise Linux
5 5 (0.80%) Windows Server
6 2 (0.32%) Android
6 2 (0.32%) Apple iOS
7 1 (0.16%) Windows 10
Processes & Methodologies
1 191 (30.51%) Agile Software Development
2 164 (26.20%) Electronic Trading
3 163 (26.04%) Multithreading
4 156 (24.92%) Low Latency
5 147 (23.48%) Software Engineering
6 77 (12.30%) Asset Management
7 69 (11.02%) TDD
8 59 (9.42%) Multithreaded Programming
9 56 (8.95%) SDLC
10 55 (8.79%) Unit Testing
11 51 (8.15%) Analytics
11 51 (8.15%) BDD
11 51 (8.15%) Refactoring
12 50 (7.99%) DevOps
13 47 (7.51%) Algorithmic Trading
13 47 (7.51%) Fintech
14 46 (7.35%) Risk Management
15 45 (7.19%) Performance Tuning
15 45 (7.19%) Test Strategy
16 43 (6.87%) Microservices
Programming Languages
1 316 (50.48%) Java
2 202 (32.27%) C++
3 194 (30.99%) C#
4 143 (22.84%) SQL
5 137 (21.88%) Python
6 99 (15.81%) JavaScript
7 65 (10.38%) TypeScript
8 59 (9.42%) Kotlin
9 44 (7.03%) Scala
10 23 (3.67%) Java 8
11 20 (3.19%) PL/SQL
12 18 (2.88%) Java 9
13 12 (1.92%) Haskell
14 11 (1.76%) C
14 11 (1.76%) Perl
15 9 (1.44%) Go
16 7 (1.12%) Clojure
17 5 (0.80%) ES6
17 5 (0.80%) VBA
18 3 (0.48%) Bash Shell
Qualifications
1 59 (9.42%) Degree
2 18 (2.88%) Computer Science Degree
3 9 (1.44%) PhD
4 2 (0.32%) ACCA
4 2 (0.32%) CIMA
4 2 (0.32%) Numerate Degree
4 2 (0.32%) PMP
5 1 (0.16%) MCT
5 1 (0.16%) PMI Certification
5 1 (0.16%) SAP Certification
Quality Assurance & Compliance
1 16 (2.56%) MiFID
2 7 (1.12%) QA
3 3 (0.48%) IFRS
3 3 (0.48%) SEPA
4 2 (0.32%) Dodd-Frank
4 2 (0.32%) GAAP
5 1 (0.16%) Data Quality
5 1 (0.16%) ISO 20022
5 1 (0.16%) PMO
5 1 (0.16%) SLA
System Software
1 10 (1.60%) Docker
2 2 (0.32%) Active Directory
2 2 (0.32%) VMware ESXi
2 2 (0.32%) VMware Infrastructure
2 2 (0.32%) vSphere
3 1 (0.16%) Firmware
3 1 (0.16%) Platform Symphony
Systems Management
1 24 (3.83%) Terraform
2 9 (1.44%) Kubernetes
3 8 (1.28%) Ansible
4 4 (0.64%) Puppet
5 3 (0.48%) Grafana
5 3 (0.48%) HP ALM
5 3 (0.48%) Opscode Chef
6 2 (0.32%) Microsoft Intune
6 2 (0.32%) SCCM
7 1 (0.16%) BladeLogic
Vendors
1 59 (9.42%) Oracle
2 25 (3.99%) TIBCO
3 18 (2.88%) Murex
4 13 (2.08%) ION Trading
5 12 (1.92%) Bloomberg
5 12 (1.92%) Solace
6 8 (1.28%) Citrix
6 8 (1.28%) Red Hat
7 7 (1.12%) Reuters
8 6 (0.96%) IBM
8 6 (0.96%) Microsoft
8 6 (0.96%) Refinitiv
9 5 (0.80%) Charles River
9 5 (0.80%) SAP
10 4 (0.64%) Google
10 4 (0.64%) Infragistics
10 4 (0.64%) SimCorp
10 4 (0.64%) Sybase
11 2 (0.32%) Calypso
11 2 (0.32%) VMware