The table below looks at the statistics for MiFID skills in IT contracts advertised for the Canary Wharf region. Included is a guide to the average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 2 March 2015 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
2 Mar 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank - - 41
Contract jobs citing MiFID 0 0 2
As % of all contract IT jobs located in Canary Wharf - - 0.63%
As % of the Quality Assurance & Compliance category - - 7.69%
Number of daily rates quoted 0 0 2
Average daily rate
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of your Daily Rate
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- - £675
UK excluding London average daily rate £375 - £115
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
MiFID
London

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised in the Canary Wharf region.

Quality Assurance & Compliance Category
Canary Wharf
Contract IT job ads with a match in the
Quality Assurance & Compliance category
6 12 26
As % of all contract IT jobs located in Canary Wharf 6.98% 6.74% 8.20%
Number of daily rates quoted 4 7 14
Average daily rate £550 £500 £575
Average daily rate % change year-on-year
+10.00% -13.04%
90% offered a daily rate of more than £375 £357 £345
10% offered a daily rate of more than £600 £710 £700
UK excluding London average daily rate £380 £368 £330
% change year-on-year
+3.40% +11.36%
Number of hourly rates quoted 0 1 0
Average hourly rate - £28.00 -
UK excluding London average hourly rate £19.00 £16.00 £20.00
% change year-on-year
+18.75% -20.00%

MiFID
Jobs Demand Trend in Canary Wharf

This chart provides a 3-month moving total of IT contractor jobs citing MiFID across the Canary Wharf region as a proportion of the total demand within the Quality Assurance & Compliance category.

MiFID Jobs Demand Trend in Canary Wharf

MiFID
Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MiFID across the Canary Wharf region.

MiFID Daily Rate Trend in Canary Wharf