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 29 August 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
29 Aug 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 £438 £475 £110
% change year-on-year
-7.89% +331.81%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £17.00 -
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
16 21 19
As % of all contract IT jobs located in Canary Wharf 10.13% 11.41% 16.67%
Number of daily rates quoted 12 15 8
Median daily rate £340 £475 £475
Median daily rate % change year-on-year
-28.42% -
90% offered a daily rate of more than £302 £388 £365
10% offered a daily rate of more than £525 £594 £530
UK excluding London median daily rate £400 £409 £380
% change year-on-year
-2.14% +7.56%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £28.00 £24.00 £19.75
% change year-on-year
+16.66% +21.51%

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