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Story URL: http://www.silicon.com/financialservices/0,3800010322,39239799,00.htm

FS sector 'still hot for techies'
IT brains in demand despite credit crunch...

By Natasha Lomas

Published: Tuesday 03 June 2008

Demand for IT workers is still strong in the financial services sector despite economic uncertainty sparked by the credit crunch, according to financial online recruitment company IT Jobs in the City.

The recruiter said there is steady demand for IT positions within commodities, with a greater than 50 per cent increase in advertised positions since October 2007.

Demand for quantitative analysts has also risen.

Adam Stokes, operations manager at IT Jobs in the City, said tech roles supporting risk management and sector compliance projects such as MiFID - which came into force in the UK back in November - are helping to keep techies in demand.

Over the last three months there has been little to no change in demand for positions within the middle office, securities, analyst developers, system support, web developers and IT workers with skills in Oracle and SAS, it added.