The table below provides summary statistics for contract job vacancies with a requirement for knowledge and experience of MarketAxess products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited MarketAxess over the 3 months to 24 March 2017 with a comparison to the same period in 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.

The figures below represent the IT contractor job market in general and are not representative of contractor rates within MarketAxess.

3 months to
24 Mar 2017
Same period 2016 Same period 2015
MarketAxess
UK
Rank 594 639 607
Rank change year-on-year +45 -32  
Contract jobs citing MarketAxess 2 3 14
As % of all contract IT jobs advertised in the UK 0.004% 0.006% 0.027%
As % of the Vendors category 0.010% 0.013% 0.059%
Number of daily rates quoted 1 3 12
Median daily rate £350 £600 £600
Median daily rate % change year-on-year -41.66% -  
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

MarketAxess is in the vendor products and services category. The following table is for comparison with the above and provides summary statistics for all vendor product and service related skills in contract job vacancies.

Contract Vendor Product & Service Skills
UK
Contract job vacancies with a requirement for skills associated with vendor products and/or services 20011 23143 23796
As % of all contract IT job vacancies advertised in the UK 44.18% 43.66% 45.22%
Number of daily rates quoted 12332 14008 13432
Median daily rate £425 £400 £400
Median daily rate % change year-on-year +6.25% -  
90% offered a daily rate of more than £255 £250 £230
10% offered a daily rate of more than £575 £550 £550
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 719 802 994
Median hourly rate £17.50 £20.00 £17.50
Median hourly rate % change year-on-year -12.50% +14.28%  
90% offered a hourly rate of more than £11.00 £10.99 £11.50
10% offered a hourly rate of more than £47.00 £51.00 £42.50
UK excluding London median hourly rate £16.50 £19.50 £17.00
% change year-on-year -15.36% +14.67%  

MarketAxess
Job Vacancy Trend

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

Job vacancy trend for MarketAxess in the UK

MarketAxess
Contractor Daily Rate Trend

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

Contractor daily rate trend for MarketAxess in the UK

MarketAxess
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MarketAxess within the UK over the 3 months to 24 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 +33 2 £350 -41.66%
London +27 2 £350 -41.66%

MarketAxess
Top 30 Related IT Skills

For the 6 months to 24 March 2017, IT contractor jobs citing MarketAxess 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 MarketAxess.

1 2 (100.00%) Windows
1 2 (100.00%) Bloomberg
1 2 (100.00%) Banking
1 2 (100.00%) BondVision
2 1 (50.00%) Thomson Reuters DACS
2 1 (50.00%) Windows Server
2 1 (50.00%) FXall
2 1 (50.00%) Subversion
2 1 (50.00%) Spring
2 1 (50.00%) Investment Banking
2 1 (50.00%) Google
2 1 (50.00%) MiFID
2 1 (50.00%) FIX Protocol
2 1 (50.00%) Velocity
2 1 (50.00%) KDB
2 1 (50.00%) Multithreading
2 1 (50.00%) Electronic Trading
2 1 (50.00%) Tradeweb
2 1 (50.00%) Mockito
2 1 (50.00%) Ultra Messaging
2 1 (50.00%) Continuous Improvement
2 1 (50.00%) Protocol Buffers
2 1 (50.00%) Eikon
2 1 (50.00%) Low Latency
2 1 (50.00%) Apache Ivy
2 1 (50.00%) EMIR
2 1 (50.00%) Algorithms
2 1 (50.00%) eSpeed
2 1 (50.00%) CQG
2 1 (50.00%) Disaster Recovery

MarketAxess
Top Related 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 1 (50.00%) MTS
Business Applications
1 2 (100.00%) BondVision
2 1 (50.00%) Eikon
Database & Business Intelligence
1 1 (50.00%) KDB
Development Applications
1 1 (50.00%) Apache Ivy
1 1 (50.00%) JUnit
1 1 (50.00%) Mockito
1 1 (50.00%) Subversion
General
1 2 (100.00%) Banking
2 1 (50.00%) Finance
2 1 (50.00%) Front Office
2 1 (50.00%) Investment Banking
2 1 (50.00%) Publishing
Job Titles
1 1 (50.00%) Developer
1 1 (50.00%) Java Developer
1 1 (50.00%) Java Pricing Developer
1 1 (50.00%) Senior Developer
1 1 (50.00%) Senior Java Developer
Libraries, Frameworks & Software Standards
1 1 (50.00%) EJB
1 1 (50.00%) FIX Protocol
1 1 (50.00%) Protocol Buffers
1 1 (50.00%) Spring
1 1 (50.00%) Ultra Messaging
1 1 (50.00%) Velocity
Miscellaneous
1 1 (50.00%) Algorithms
1 1 (50.00%) Fixed Income
1 1 (50.00%) Foreign Exchange (FX)
Operating Systems
1 2 (100.00%) Windows
2 1 (50.00%) Linux
2 1 (50.00%) Windows Server
Processes & Methodologies
1 1 (50.00%) Agile Software Development
1 1 (50.00%) Continuous Improvement
1 1 (50.00%) Disaster Recovery
1 1 (50.00%) Electronic Trading
1 1 (50.00%) Low Latency
1 1 (50.00%) Multithreading
1 1 (50.00%) OOA/OOD
1 1 (50.00%) TDD
Programming Languages
1 1 (50.00%) C#
1 1 (50.00%) Java
Quality Assurance & Compliance
1 1 (50.00%) EMIR
1 1 (50.00%) MiFID
Systems Management
1 1 (50.00%) Thomson Reuters DACS
Vendors
1 2 (100.00%) Bloomberg
2 1 (50.00%) CQG
2 1 (50.00%) eSpeed
2 1 (50.00%) FXall
2 1 (50.00%) Google
2 1 (50.00%) Reuters
2 1 (50.00%) Sybase
2 1 (50.00%) Tradeweb