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 contractor rates offered in IT contracts that have cited MiFID over the 3 months to 23 July 2016 with a comparison to the same period over 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.

3 months to
23 Jul 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank - - -
Contract jobs citing MiFID 0 0 0
As % of all contract IT jobs located in Canary Wharf - - -
As % of the Quality Assurance & Compliance category - - -
Number of daily rates quoted 0 0 0
Median daily rate - - -
UK excluding London median daily rate £475 £475 £550
% change year-on-year
- -13.63%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
9 15 17
As % of all contract IT jobs located in Canary Wharf 6.52% 8.11% 15.60%
Number of daily rates quoted 6 11 8
Median daily rate £510 £475 £488
Median daily rate % change year-on-year
+7.36% -2.56%
90% offered a daily rate of more than £345 £375 £360
10% offered a daily rate of more than £675 £550 £625
UK excluding London median daily rate £400 £395 £375
% change year-on-year
+1.26% +5.33%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £28.00 £22.00 £20.13
% change year-on-year
+27.27% +9.31%

MiFID
Jobs Demand Trend in Canary Wharf

The demand trend of contract jobs across the Canary Wharf region citing MiFID as a proportion of all IT contracts with a match in 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

MiFID
Top 9 Related IT Skills in Canary Wharf

For the 6 months to 23 July 2016, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Canary Wharf region with a requirement for MiFID.

1 1 (50.00%) Stakeholder Management
1 1 (50.00%) Banking
1 1 (50.00%) Retail
1 1 (50.00%) Asset Management
1 1 (50.00%) Retail Banking
1 1 (50.00%) Fund Management
1 1 (50.00%) FATCA
1 1 (50.00%) Dodd-Frank
1 1 (50.00%) AIFMD

MiFID
Top Related IT Skills in Canary Wharf 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:

General
1 1 (50.00%) Banking
1 1 (50.00%) Retail
1 1 (50.00%) Retail Banking
Job Titles
1 1 (50.00%) Analyst
1 1 (50.00%) Development Analyst
1 1 (50.00%) MiFID Programme Manager
1 1 (50.00%) MiFID Project Manager
1 1 (50.00%) Programme Manager
1 1 (50.00%) Project Manager
Processes & Methodologies
1 1 (50.00%) Asset Management
1 1 (50.00%) Fund Management
1 1 (50.00%) Stakeholder Management
Quality Assurance & Compliance
1 1 (50.00%) AIFMD
1 1 (50.00%) Dodd-Frank
1 1 (50.00%) FATCA