OTC Derivatives Contracts

Over-the-Counter (OTC) Derivatives
UK

The table below looks at the prevalence of the term OTC Derivatives in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that cited OTC Derivatives over the 6 months leading up to 1 May 2025, comparing them to the same period in the previous two years.

6 months to
1 May 2025
Same period 2024 Same period 2023
Rank 513 573 679
Rank change year-on-year +60 +106 +127
Contract jobs citing OTC Derivatives 7 9 39
As % of all contract jobs advertised in the UK 0.024% 0.021% 0.065%
As % of the Miscellaneous category 0.070% 0.068% 0.20%
Number of daily rates quoted 6 8 28
10th Percentile £285 £636 -
25th Percentile £339 - £550
Median daily rate (50th Percentile) £550 £650 £600
Median % change year-on-year -15.38% +8.33% -11.11%
75th Percentile £691 £664 £700
90th Percentile £788 £712 £842
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 1
Median hourly rate - - £47.73
UK excluding London median hourly rate - - £47.73

All Generic Skills
UK

OTC Derivatives falls under the General and Transferable Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring generic IT skills.

Contract vacancies with a requirement for generic IT skills 9,944 13,250 19,897
As % of all contract IT jobs advertised in the UK 33.97% 30.42% 33.34%
Number of daily rates quoted 6,345 8,502 13,668
10th Percentile £300 £263 £308
25th Percentile £413 £413 £450
Median daily rate (50th Percentile) £525 £538 £550
Median % change year-on-year -2.33% -2.27% -
75th Percentile £650 £660 £680
90th Percentile £775 £788 £800
UK excluding London median daily rate £496 £500 £500
% change year-on-year -0.80% - +5.26%
Number of hourly rates quoted 394 912 640
10th Percentile £16.46 £12.25 £9.80
25th Percentile £21.00 £15.17 £10.63
Median hourly rate £32.05 £30.00 £22.49
Median % change year-on-year +6.83% +33.42% -18.24%
75th Percentile £63.75 £60.75 £65.00
90th Percentile £82.99 £70.00 £75.00
UK excluding London median hourly rate £31.08 £28.25 £22.00
% change year-on-year +10.02% +28.41% +9.64%

OTC Derivatives
Job Vacancy Trend

Job postings citing OTC Derivatives as a proportion of all IT jobs advertised.

Job vacancy trend for OTC Derivatives in the UK

OTC Derivatives
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing OTC Derivatives.

Daily rate trend for OTC Derivatives in the UK

OTC Derivatives
Daily Rate Histogram

Daily rate distribution for jobs citing OTC Derivatives over the 6 months to 1 May 2025.

Daily rate histogram for OTC Derivatives in the UK

OTC Derivatives
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing OTC Derivatives.

Hourly rate trend for OTC Derivatives in the UK

OTC Derivatives
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing OTC Derivatives within the UK over the 6 months to 1 May 2025. 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
Jobs
England +55 7 £550 -15.38% 38
London +36 7 £550 -15.38% 38
Work from Home - 3 £555 - 15

OTC Derivatives
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 2 (28.57%) Microsoft Excel
1 2 (28.57%) MS Visio
1 2 (28.57%) Notepad++
Database & Business Intelligence
1 2 (28.57%) SQL Server
Development Applications
1 2 (28.57%) MagicDraw
1 2 (28.57%) XMLSpy
2 1 (14.29%) JIRA
General
1 4 (57.14%) Analytical Skills
2 3 (42.86%) Banking
2 3 (42.86%) Finance
3 1 (14.29%) Back Office
3 1 (14.29%) Front Office
3 1 (14.29%) Investment Banking
3 1 (14.29%) Social Skills
Job Titles
1 4 (57.14%) Analyst
2 2 (28.57%) Business Analyst
2 2 (28.57%) Data Analyst
3 1 (14.29%) Asset Management Analyst
3 1 (14.29%) Asset Management Business Analyst
3 1 (14.29%) Change Analyst
3 1 (14.29%) Data Modeller
3 1 (14.29%) Investment Management Business Analyst
3 1 (14.29%) Lead
3 1 (14.29%) Migration Analyst
3 1 (14.29%) Project Manager
3 1 (14.29%) Regulatory Business Analyst
3 1 (14.29%) Regulatory Change Business Analyst
3 1 (14.29%) Senior
3 1 (14.29%) Senior Data Modeller
3 1 (14.29%) Test Manager
3 1 (14.29%) Test Project Manager
3 1 (14.29%) Transformation Manager
3 1 (14.29%) Transformation Project Manager
Libraries, Frameworks & Software Standards
1 2 (28.57%) FpML
1 2 (28.57%) XML
Miscellaneous
1 7 (100.00%) Derivative
2 3 (42.86%) SWIFT Messaging Network
3 1 (14.29%) DTCC
3 1 (14.29%) Equities
3 1 (14.29%) Fixed Income
3 1 (14.29%) Foreign Exchange (FX)
Processes & Methodologies
1 4 (57.14%) User Acceptance Testing
2 3 (42.86%) Data Analysis
2 3 (42.86%) Data Lineage
2 3 (42.86%) Data Modelling
2 3 (42.86%) Migration
2 3 (42.86%) Requirements Gathering
3 2 (28.57%) Agile
3 2 (28.57%) Analytics
3 2 (28.57%) Business Analysis
3 2 (28.57%) Data Governance
3 2 (28.57%) Defect Management
3 2 (28.57%) Scenario Testing
3 2 (28.57%) System Integration Testing
3 2 (28.57%) TDD
3 2 (28.57%) Test Management
3 2 (28.57%) Test Planning
3 2 (28.57%) Validation
3 2 (28.57%) Visualisation
3 2 (28.57%) Work Breakdown Structure
4 1 (14.29%) Test Strategy
Programming Languages
1 3 (42.86%) SQL
Quality Assurance & Compliance
1 2 (28.57%) QA
2 1 (14.29%) Dodd-Frank
2 1 (14.29%) EMIR
2 1 (14.29%) MiFID
Vendors
1 1 (14.29%) Charles River
1 1 (14.29%) Oracle