Equity Derivative Contracts

Equity Derivatives
UK

The table below looks at the prevalence of the term Equity Derivative in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that cited Equity Derivative over the 6 months leading up to 10 June 2024, comparing them to the same period in the previous two years.

6 months to
10 Jun 2024
Same period 2023 Same period 2022
Rank 548 648 779
Rank change year-on-year +100 +131 -129
Contract jobs citing Equity Derivative 42 38 69
As % of all contract jobs advertised in the UK 0.096% 0.068% 0.079%
As % of the Miscellaneous category 0.32% 0.21% 0.24%
Number of daily rates quoted 42 29 49
10th Percentile - £484 £555
25th Percentile £600 £559 £600
Median daily rate (50th Percentile) £700 £775 £650
Median % change year-on-year -9.68% +19.23% +8.33%
75th Percentile £944 £813 £725
90th Percentile £1,240 £839 £755
UK excluding London median daily rate - £691 -

All Generic Skills
UK

Equity Derivative 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 13,068 18,456 29,032
As % of all contract IT jobs advertised in the UK 29.95% 33.22% 33.29%
Number of daily rates quoted 8,355 12,703 20,413
10th Percentile £275 £310 £315
25th Percentile £413 £444 £440
Median daily rate (50th Percentile) £538 £550 £550
Median % change year-on-year -2.27% - +10.00%
75th Percentile £660 £678 £663
90th Percentile £800 £800 £775
UK excluding London median daily rate £500 £500 £488
% change year-on-year - +2.56% +11.43%
Number of hourly rates quoted 934 608 683
10th Percentile £12.25 £9.80 £14.28
25th Percentile £15.28 £10.63 £17.50
Median hourly rate £35.50 £22.26 £27.00
Median % change year-on-year +59.51% -17.57% +8.00%
75th Percentile £61.30 £59.06 £50.39
90th Percentile £71.69 £75.00 £65.75
UK excluding London median hourly rate £35.00 £22.00 £21.50
% change year-on-year +59.09% +2.33% -4.44%

Equity Derivative
Job Vacancy Trend

Job postings citing Equity Derivative as a proportion of all IT jobs advertised.

Job vacancy trend for Equity Derivative in the UK

Equity Derivative
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Equity Derivative.

Daily rate trend for Equity Derivative in the UK

Equity Derivative
Daily Rate Histogram

Daily rate distribution for jobs citing Equity Derivative over the 6 months to 10 June 2024.

Daily rate histogram for Equity Derivative in the UK

Equity Derivative
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Equity Derivative.

Hourly rate trend for Equity Derivative in the UK

Equity Derivative
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 Equity Derivative within the UK over the 6 months to 10 June 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 +111 42 £700 -11.95% 10
London +99 41 £700 -11.95% 9
Work from Home +131 32 £700 -6.67% 1

Equity Derivative
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 9 (21.43%) Microsoft Excel
Cloud Services
1 6 (14.29%) Azure
2 4 (9.52%) AWS
3 2 (4.76%) npm
3 2 (4.76%) Yarn
Database & Business Intelligence
1 9 (21.43%) SQL Server
2 4 (9.52%) PostgreSQL
2 4 (9.52%) Relational Database
3 1 (2.38%) KDB
Development Applications
1 3 (7.14%) Visual Studio
2 2 (4.76%) Babel
2 2 (4.76%) webpack
3 1 (2.38%) JIRA
General
1 23 (54.76%) Banking
1 23 (54.76%) Front Office
2 22 (52.38%) Finance
3 19 (45.24%) Investment Banking
4 4 (9.52%) Social Skills
5 3 (7.14%) Analytical Skills
5 3 (7.14%) Prime Brokerage
6 2 (4.76%) Synthetic Prime Brokerage
7 1 (2.38%) Back Office
Job Titles
1 35 (83.33%) Developer
2 20 (47.62%) Front Office Developer
3 14 (33.33%) Java Developer
4 13 (30.95%) Investment Banking Java Developer
5 11 (26.19%) C# Developer
6 10 (23.81%) C++ Developer
7 7 (16.67%) Low Latency C++ Developer
8 5 (11.90%) Analyst
9 3 (7.14%) C++ Quantitative Developer
9 3 (7.14%) Qualitative Analyst
9 3 (7.14%) Quantitative Analyst
9 3 (7.14%) Quantitative Developer
9 3 (7.14%) RAD Developer
9 3 (7.14%) Senior
10 2 (4.76%) AWS Developer
10 2 (4.76%) C# Developer - Investment Banking
10 2 (4.76%) Front Office RAD Developer
10 2 (4.76%) Pricing Analyst
10 2 (4.76%) Prime Brokerage Project Manager
10 2 (4.76%) Quantitative Risk Analyst
Libraries, Frameworks & Software Standards
1 4 (9.52%) .NET
1 4 (9.52%) Node.js
2 2 (4.76%) .NET Framework
2 2 (4.76%) FIX Protocol
2 2 (4.76%) WPF
3 1 (2.38%) AngularJS
3 1 (2.38%) Material-UI
3 1 (2.38%) Middleware
3 1 (2.38%) React
3 1 (2.38%) REST
3 1 (2.38%) WebSockets
Miscellaneous
1 39 (92.86%) Derivative
2 11 (26.19%) Algorithms
3 9 (21.43%) Equities
4 7 (16.67%) Distributed Systems
4 7 (16.67%) Hedge funds
5 4 (9.52%) Fixed Income
5 4 (9.52%) Foreign Exchange (FX)
6 3 (7.14%) Distributed Computing
7 2 (4.76%) Market Risk
8 1 (2.38%) Data Protection Act
8 1 (2.38%) Data Structures
8 1 (2.38%) Grid Computing
8 1 (2.38%) Synthetic Equity
Processes & Methodologies
1 14 (33.33%) RAD
2 9 (21.43%) Mathematics
3 7 (16.67%) Agile
3 7 (16.67%) Algorithmic Trading
3 7 (16.67%) Analytics
3 7 (16.67%) CI/CD
3 7 (16.67%) Low Latency
3 7 (16.67%) Multithreading
3 7 (16.67%) Systematic Trading
4 6 (14.29%) Greeks
4 6 (14.29%) Requirements Gathering
4 6 (14.29%) Risk Management
5 4 (9.52%) Clean Code
5 4 (9.52%) Design Patterns
5 4 (9.52%) OO
5 4 (9.52%) OOD
5 4 (9.52%) TDD
6 3 (7.14%) Data Analysis
6 3 (7.14%) PnL Attribution
6 3 (7.14%) Quantitative Finance
Programming Languages
1 18 (42.86%) Java
2 17 (40.48%) C++
3 15 (35.71%) C#
4 14 (33.33%) Python
5 9 (21.43%) SQL
6 3 (7.14%) VBA
7 2 (4.76%) JavaScript
8 1 (2.38%) TypeScript
Qualifications
1 5 (11.90%) Degree
2 3 (7.14%) Numerate Degree
3 2 (4.76%) Computer Science Degree
Quality Assurance & Compliance
1 5 (11.90%) MiFID
2 1 (2.38%) EMIR
Vendors
1 5 (11.90%) Oracle