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 have cited OTC Derivatives over the 6 months to 27 April 2024 with a comparison to the same period over the previous 2 years.

6 months to
27 Apr 2024
Same period 2023 Same period 2022
Rank 590 680 800
Rank change year-on-year +90 +120 -131
Contract jobs citing OTC Derivatives 8 39 49
As % of all contract jobs advertised in the UK 0.018% 0.065% 0.055%
As % of the Miscellaneous category 0.061% 0.20% 0.17%
Number of daily rates quoted 7 28 46
10th Percentile £632 - £574
25th Percentile - £550 £600
Median daily rate (50th Percentile) £650 £600 £675
Median % change year-on-year +8.33% -11.11% +3.85%
75th Percentile - £700 £745
90th Percentile £680 £842 £763
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 1 0
Median hourly rate - £47.73 -
UK excluding London median hourly rate - £47.73 -

All Generic Skills
UK

OTC Derivatives is in the General and Transferable 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.

Contract vacancies with a requirement for generic IT skills 13,143 19,914 29,327
As % of all contract IT jobs advertised in the UK 30.35% 33.30% 33.01%
Number of daily rates quoted 8,422 13,704 20,462
10th Percentile £263 £308 £313
25th Percentile £413 £450 £431
Median daily rate (50th Percentile) £538 £550 £550
Median % change year-on-year -2.27% - +10.00%
75th Percentile £656 £680 £653
90th Percentile £788 £800 £756
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +11.76%
Number of hourly rates quoted 903 647 727
10th Percentile £12.25 £9.80 £14.11
25th Percentile £15.17 £10.63 £16.88
Median hourly rate £28.50 £22.49 £27.50
Median % change year-on-year +26.75% -18.24% +3.19%
75th Percentile £60.00 £64.75 £50.00
90th Percentile £70.00 £75.00 £66.00
UK excluding London median hourly rate £27.50 £22.00 £20.00
% change year-on-year +25.00% +10.00% -16.67%

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
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 2 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 27 April 2024. 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 +101 8 £650 +8.33% 6
London +74 8 £650 +8.33% 6

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:

Database & Business Intelligence
1 5 (62.50%) Relational Database
General
1 7 (87.50%) Banking
1 7 (87.50%) Investment Banking
2 5 (62.50%) Front Office
3 3 (37.50%) Finance
4 2 (25.00%) Social Skills
5 1 (12.50%) Analytical Skills
5 1 (12.50%) Financial Institution
Job Titles
1 6 (75.00%) Analyst
2 5 (62.50%) Applications Support
2 5 (62.50%) Applications Support Analyst
2 5 (62.50%) SQL Analyst
2 5 (62.50%) SQL Support Analyst
2 5 (62.50%) Support Analyst
3 1 (12.50%) Business Analyst
3 1 (12.50%) Developer
3 1 (12.50%) Java Developer
3 1 (12.50%) OTC Derivatives Developer
3 1 (12.50%) Product Manager
3 1 (12.50%) Regulatory Business Analyst
Libraries, Frameworks & Software Standards
1 1 (12.50%) FpML
1 1 (12.50%) XML
Miscellaneous
1 8 (100.00%) Derivative
2 1 (12.50%) DTCC
Operating Systems
1 5 (62.50%) Linux
1 5 (62.50%) Windows
Processes & Methodologies
1 6 (75.00%) Risk Management
2 5 (62.50%) Data Management
2 5 (62.50%) DevOps
2 5 (62.50%) Incident Management
2 5 (62.50%) Proactive Monitoring
2 5 (62.50%) Release Management
2 5 (62.50%) Root Cause Analysis
3 1 (12.50%) Code Quality
3 1 (12.50%) Collaborative Culture
3 1 (12.50%) Computer Science
3 1 (12.50%) Cross-Platform Development
3 1 (12.50%) Problem-Solving
Programming Languages
1 6 (75.00%) SQL
2 5 (62.50%) PowerShell
2 5 (62.50%) Python
3 1 (12.50%) C#
3 1 (12.50%) Java
Qualifications
1 1 (12.50%) Computer Science Degree
1 1 (12.50%) Degree
Quality Assurance & Compliance
1 1 (12.50%) Dodd-Frank
1 1 (12.50%) EMIR
1 1 (12.50%) QA
Systems Management
1 5 (62.50%) Grafana
1 5 (62.50%) ITRS Geneos
Vendors
1 5 (62.50%) Dynatrace
1 5 (62.50%) IBM