The following table provides summary statistics for contract job vacancies with a requirement for RMDS skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited RMDS over the 3 months to 23 April 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.

Reuters Market Data System (RMDS)
UK
3 months to
23 Apr 2017
Same period 2016 Same period 2015
Rank 592 619 602
Rank change year-on-year +27 -17  
Contract jobs citing RMDS 25 40 54
As % of all contract IT jobs advertised in the UK 0.053% 0.072% 0.096%
As % of the Business Applications category 0.63% 0.90% 1.14%
Number of daily rates quoted 20 35 36
Median daily rate £650 £600 £563
Median daily rate % change year-on-year +8.33% +6.66%  
90% offered a daily rate of more than £638 £350 £438
10% offered a daily rate of more than £750 £650 £663
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

RMDS is in the business application skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for business application skills.

Contract Business Application Skills
UK
Contract job vacancies with a requirement for business application skills 3992 4466 4732
As % of all contract IT job vacancies advertised in the UK 8.47% 7.99% 8.44%
Number of daily rates quoted 2371 2736 2634
Median daily rate £450 £440 £440
Median daily rate % change year-on-year +2.27% -  
90% offered a daily rate of more than £325 £300 £300
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £450 £421 £425
% change year-on-year +7.01% -1.05%  
Number of hourly rates quoted 63 44 34
Median hourly rate £37.64 £26.00 £30.00
Median hourly rate % change year-on-year +44.75% -13.33%  
90% offered a hourly rate of more than £15.05 £9.40 £14.00
10% offered a hourly rate of more than £65.00 £49.80 £62.52
UK excluding London median hourly rate £37.77 £22.50 £29.42
% change year-on-year +67.86% -23.50%  

RMDS
Job Vacancy Trend

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

Job vacancy trend for RMDS in the UK

RMDS
Contractor Daily Rate Trend

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

Contractor daily rate trend for RMDS in the UK

RMDS
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing RMDS over the 3 months to 23 April 2017.

Contractor daily rate histogram for RMDS in the UK

RMDS
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing RMDS.

Contractor hourly rate trend for RMDS in the UK

RMDS
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 RMDS within the UK over the 3 months to 23 April 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 25 £650 +8.33% 2
London +16 25 £650 +8.33% 2
Canary Wharf - 1 - -

For the 6 months to 23 April 2017, IT contractor jobs citing RMDS 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 RMDS.

1 46 (93.88%) Reuters
2 40 (81.63%) TIBCO
3 39 (79.59%) Rendezvous
3 39 (79.59%) Fixed Income
3 39 (79.59%) Electronic Trading
4 36 (73.47%) ION Trading
5 34 (69.39%) Oracle
6 28 (57.14%) SQL Server
6 28 (57.14%) Front Office
7 25 (51.02%) Multithreading
8 24 (48.98%) C#
9 22 (44.90%) Linux
10 18 (36.73%) Java
11 17 (34.69%) .NET
11 17 (34.69%) FIX Protocol
12 16 (32.65%) WPF
12 16 (32.65%) Analytical Skills
12 16 (32.65%) Microsoft
13 15 (30.61%) JUnit
13 15 (30.61%) Visual Studio
13 15 (30.61%) XAML
13 15 (30.61%) MVVM
13 15 (30.61%) NUnit
13 15 (30.61%) User Experience
14 14 (28.57%) Agile Software Development
15 13 (26.53%) Mentoring
15 13 (26.53%) Workflow
16 11 (22.45%) Oracle Workflow
17 10 (20.41%) C++
17 10 (20.41%) Multithreaded Programming

RMDS
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 11 (22.45%) Oracle Workflow
2 1 (2.04%) Confluence
Business Applications
1 2 (4.08%) ION MarketView
2 1 (2.04%) Orchestrade
2 1 (2.04%) Summit
Communications & Networking
1 3 (6.12%) LDAP
1 3 (6.12%) NAS
1 3 (6.12%) SAN
Database & Business Intelligence
1 28 (57.14%) SQL Server
2 3 (6.12%) MySQL
2 3 (6.12%) Oracle Reports
3 1 (2.04%) Big Data
3 1 (2.04%) Data Mining
3 1 (2.04%) KDB
3 1 (2.04%) NoSQL
Development Applications
1 15 (30.61%) JUnit
1 15 (30.61%) NUnit
1 15 (30.61%) Visual Studio
2 1 (2.04%) Git (software)
2 1 (2.04%) JIRA
2 1 (2.04%) Maven
General
1 28 (57.14%) Front Office
2 6 (12.24%) Finance
3 5 (10.20%) Banking
4 1 (2.04%) French Language
4 1 (2.04%) Investment Banking
Job Titles
1 28 (57.14%) Developer
2 23 (46.94%) C# Developer
3 19 (38.78%) Electronic Trading Developer
4 16 (32.65%) WPF Developer
5 15 (30.61%) .NET Developer
5 15 (30.61%) C# .NET Developer
5 15 (30.61%) C# Developer - Electronic Trading
5 15 (30.61%) C# WPF Developer
5 15 (30.61%) XAML Developer
6 13 (26.53%) UI Developer
7 11 (22.45%) Development Manager
7 11 (22.45%) Java Development Manager
8 9 (18.37%) Front Office Developer
9 8 (16.33%) C# Pricing Developer
9 8 (16.33%) C++ Developer
9 8 (16.33%) C++ Pricing Developer
9 8 (16.33%) C++/C# Developer
9 8 (16.33%) Front Office C++ Developer
10 5 (10.20%) Java Architect
10 5 (10.20%) Lead Architect
Libraries, Frameworks & Software Standards
1 39 (79.59%) Rendezvous
2 17 (34.69%) .NET
2 17 (34.69%) FIX Protocol
3 16 (32.65%) WPF
4 8 (16.33%) WinForms
5 1 (2.04%) FpML
5 1 (2.04%) HTML
5 1 (2.04%) HTML5
5 1 (2.04%) Middleware
5 1 (2.04%) Spring
5 1 (2.04%) Ultra Messaging
Miscellaneous
1 39 (79.59%) Fixed Income
2 16 (32.65%) Analytical Skills
3 15 (30.61%) User Experience
4 4 (8.16%) Derivative
5 2 (4.08%) Credit Derivative
5 2 (4.08%) Fintech
5 2 (4.08%) Foreign Exchange (FX)
6 1 (2.04%) Algorithms
6 1 (2.04%) Computer Science
6 1 (2.04%) Enterprise Software
6 1 (2.04%) Linux Command Line
6 1 (2.04%) SWIFT
Operating Systems
1 22 (44.90%) Linux
2 5 (10.20%) Solaris
2 5 (10.20%) Unix
3 3 (6.12%) Red Hat Enterprise Linux
3 3 (6.12%) Windows
Processes & Methodologies
1 39 (79.59%) Electronic Trading
2 25 (51.02%) Multithreading
3 15 (30.61%) MVVM
4 14 (28.57%) Agile Software Development
5 13 (26.53%) Mentoring
5 13 (26.53%) Workflow
6 10 (20.41%) Multithreaded Programming
7 4 (8.16%) Change Management
8 3 (6.12%) Project Management
9 2 (4.08%) Business Analysis
9 2 (4.08%) Data Management
9 2 (4.08%) Low Latency
9 2 (4.08%) Service Delivery
9 2 (4.08%) Service Management
10 1 (2.04%) Algorithmic Trading
10 1 (2.04%) Continuous Integration
10 1 (2.04%) Integration Testing
10 1 (2.04%) Mathematics
10 1 (2.04%) Technical Architecture
10 1 (2.04%) User Acceptance Testing
Programming Languages
1 24 (48.98%) C#
2 18 (36.73%) Java
3 15 (30.61%) XAML
4 10 (20.41%) C++
5 7 (14.29%) Shell Script
6 3 (6.12%) Perl
7 1 (2.04%) JavaScript
7 1 (2.04%) SQL
Qualifications
1 1 (2.04%) Degree
Quality Assurance & Compliance
1 1 (2.04%) MiFID
System Software
1 3 (6.12%) Active Directory
1 3 (6.12%) NFS
2 1 (2.04%) VMware Infrastructure
Systems Management
1 3 (6.12%) Red Hat Spacewalk
2 2 (4.08%) ITRS Geneos
2 2 (4.08%) OpenView
Vendors
1 46 (93.88%) Reuters
2 40 (81.63%) TIBCO
3 36 (73.47%) ION Trading
4 34 (69.39%) Oracle
5 16 (32.65%) Microsoft
6 4 (8.16%) Sybase
7 3 (6.12%) VMware
8 2 (4.08%) Bloomberg
8 2 (4.08%) Tradeweb
9 1 (2.04%) Informatica
9 1 (2.04%) StreamBase
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