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 20 February 2017 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
20 Feb 2017
Same period 2016 Same period 2015
Markets in Financial Instruments Directive (MiFID)
London / Canary Wharf
Rank 20 23 -
Rank change year-on-year
+3 -
Contract jobs citing MiFID 4 2 0
As % of all contract IT jobs located in Canary Wharf 3.23% 1.67% -
As % of the Quality Assurance & Compliance category 36.36% 18.18% -
Number of daily rates quoted 4 1 0
Median daily rate £500 £675 -
Median daily rate % change year-on-year
-25.92% -
UK excluding London median daily rate £408 £356 £375
% change year-on-year
+14.46% -5.06%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
11 11 6
As % of all contract IT jobs located in Canary Wharf 8.87% 9.17% 6.06%
Number of daily rates quoted 7 5 5
Median daily rate £475 £575 £550
Median daily rate % change year-on-year
-17.39% +4.54%
90% offered a daily rate of more than £403 £475 £375
10% offered a daily rate of more than £600 £675 £675
UK excluding London median daily rate £415 £400 £390
% change year-on-year
+3.75% +2.56%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £20.00 £44.00 £23.50
% change year-on-year
-54.54% +87.23%

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
Daily Rate Histogram in Canary Wharf

This chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID across the Canary Wharf region over the 3 months to 20 February 2017.

MiFID Daily Rate Histogram in Canary Wharf

MiFID
Top 30 Related IT Skills in Canary Wharf

For the 6 months to 20 February 2017, 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 9 (64.29%) EMIR
2 8 (57.14%) Legal
3 7 (50.00%) Fixed Income
3 7 (50.00%) Foreign Exchange (FX)
3 7 (50.00%) Equities
4 6 (42.86%) Banking
4 6 (42.86%) DTCC
4 6 (42.86%) Middleware
4 6 (42.86%) ASIC
4 6 (42.86%) DSL
4 6 (42.86%) FpML
4 6 (42.86%) Reference Data
4 6 (42.86%) Test Strategy
5 4 (28.57%) Investment Banking
6 3 (21.43%) Derivative
6 3 (21.43%) Agile Software Development
6 3 (21.43%) Java
6 3 (21.43%) XML
6 3 (21.43%) Jenkins
7 2 (14.29%) Scrum
7 2 (14.29%) Relational Database
7 2 (14.29%) Dodd-Frank
7 2 (14.29%) Portfolio Management
7 2 (14.29%) Gradle
7 2 (14.29%) Cucumber
7 2 (14.29%) Unix
7 2 (14.29%) DB2
7 2 (14.29%) OO
7 2 (14.29%) Stakeholder Management
7 2 (14.29%) Finance

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:

Cloud Services
1 1 (7.14%) Amazon AWS
1 1 (7.14%) Microsoft Azure
Communications & Networking
1 6 (42.86%) DSL
2 1 (7.14%) TCP/IP
Database & Business Intelligence
1 2 (14.29%) DB2
1 2 (14.29%) Relational Database
Development Applications
1 3 (21.43%) Jenkins
2 2 (14.29%) Cucumber
2 2 (14.29%) Git (software)
2 2 (14.29%) Gradle
3 1 (7.14%) Ant
3 1 (7.14%) Capybara
3 1 (7.14%) Concordion
3 1 (7.14%) FitNesse
3 1 (7.14%) Hudson
3 1 (7.14%) JBehave
3 1 (7.14%) Maven
3 1 (7.14%) Selenium
3 1 (7.14%) SpecFlow
3 1 (7.14%) TeamCity
3 1 (7.14%) WATIR
General
1 8 (57.14%) Legal
2 6 (42.86%) Banking
3 4 (28.57%) Investment Banking
4 2 (14.29%) Finance
5 1 (7.14%) Back Office
5 1 (7.14%) Front Office
Job Titles
1 9 (64.29%) Analyst
1 9 (64.29%) Business Analyst
2 6 (42.86%) Report Analyst
2 6 (42.86%) Senior Analyst
2 6 (42.86%) Senior Business Analyst
2 6 (42.86%) Senior Reporting Analyst
3 2 (14.29%) Core Java Developer
3 2 (14.29%) Developer
3 2 (14.29%) Investment Banking Java Developer
3 2 (14.29%) Java Developer
4 1 (7.14%) Automation Engineer
4 1 (7.14%) DB2 Developer
4 1 (7.14%) Finance Business Analyst
4 1 (7.14%) Financial Business Analyst
4 1 (7.14%) Project Manager
4 1 (7.14%) Service Analyst
4 1 (7.14%) SQL Developer
4 1 (7.14%) Unix Developer
4 1 (7.14%) Unix Engineer
4 1 (7.14%) Unix Linux Engineer
Libraries, Frameworks & Software Standards
1 6 (42.86%) FpML
1 6 (42.86%) Middleware
2 3 (21.43%) XML
3 2 (14.29%) JSON
3 2 (14.29%) Spring
4 1 (7.14%) FIX Protocol
4 1 (7.14%) Guice
4 1 (7.14%) Lambda Expressions
4 1 (7.14%) Protocol Buffers
4 1 (7.14%) REST
4 1 (7.14%) SOAP
Miscellaneous
1 7 (50.00%) Equities
1 7 (50.00%) Fixed Income
1 7 (50.00%) Foreign Exchange (FX)
2 6 (42.86%) ASIC
2 6 (42.86%) DTCC
2 6 (42.86%) Reference Data
3 3 (21.43%) Derivative
4 1 (7.14%) OTC Derivatives
Operating Systems
1 2 (14.29%) Unix
2 1 (7.14%) Linux
Processes & Methodologies
1 6 (42.86%) Test Strategy
2 3 (21.43%) Agile Software Development
3 2 (14.29%) OO
3 2 (14.29%) Portfolio Management
3 2 (14.29%) Scrum
3 2 (14.29%) Stakeholder Management
4 1 (7.14%) Analytics
4 1 (7.14%) Anti-Money Laundering
4 1 (7.14%) BDD
4 1 (7.14%) Capacity Planning
4 1 (7.14%) Change Control
4 1 (7.14%) Dependency Injection
4 1 (7.14%) Domain-Driven Design
4 1 (7.14%) Functional Programming
4 1 (7.14%) Infrastructure Management
4 1 (7.14%) KYC
4 1 (7.14%) Microservices
4 1 (7.14%) Regulatory Compliance
4 1 (7.14%) SDLC
4 1 (7.14%) Test Automation
Programming Languages
1 3 (21.43%) Java
2 1 (7.14%) C#
2 1 (7.14%) Python
2 1 (7.14%) Ruby
2 1 (7.14%) Shell Script
2 1 (7.14%) SQL
Qualifications
1 1 (7.14%) Degree
1 1 (7.14%) Security Cleared
Quality Assurance & Compliance
1 9 (64.29%) EMIR
2 2 (14.29%) Dodd-Frank
3 1 (7.14%) FATCA
3 1 (7.14%) SDET
System Software
1 1 (7.14%) Docker
Vendors
1 1 (7.14%) Perforce