The first table below looks at the demand 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 21 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category for the Canary Wharf region.

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
21 May 2013
Same period 2012 Same period 2011
Markets in Financial Instruments Directive (MiFID)
Rank 51 - 57
Rank change year-on-year
- 0
Contract jobs citing MiFID 3 0 4
As % of all contract IT jobs located in Canary Wharf 0.746% - 0.803%
As % of the Quality Assurance & Compliance category 9.091% - 10.81%
Number of daily rates quoted 3 0 2
Average daily rate £500 - £575
UK excluding London average daily rate £350 £400 £425
% change year-on-year
-12.50% -5.88%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Quality Assurance & Compliance
Canary Wharf
Contract IT job ads with a match in the
Quality Assurance & Compliance category
33 22 37
As % of all contract IT jobs located in Canary Wharf 8.209% 5.759% 7.430%
Number of daily rates quoted 29 7 22
Average daily rate £500 £460 £575
Average daily rate % change year-on-year
+8.69% -20.00%
90% offered a daily rate of more than £176 £420 £393
10% offered a daily rate of more than £700 £700 £600
UK excluding London average daily rate £345 £350 £375
% change year-on-year
-1.42% -6.66%
Number of hourly rates quoted 0 1 0
Average hourly rate - £65.00 -
UK excluding London average hourly rate £17.50 £16.35 £30.00
% change year-on-year
+7.03% -45.50%
MiFID
London

MiFID
Jobs Demand Trend

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.

Canary Wharf MiFID Jobs Demand Trend

MiFID
Daily Rate Trend

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

Canary Wharf MiFID Daily Rate Trend

MiFID
Daily Rate Histogram

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 21 May 2013.

Canary Wharf MiFID Daily Rate Histogram

MiFID
Top 11 Related IT Skills

For the 6 months to 21 May 2013, IT contractor jobs across the Canary Wharf region citing MiFID also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited MiFID.

1 4 (100.00%) Banking
1 4 (100.00%) Investment Banking
2 3 (75.00%) Back Office
3 2 (50.00%) MS Visio
3 2 (50.00%) Foreign Exchange (FX)
3 2 (50.00%) Business Analysis
3 2 (50.00%) User Acceptance Testing
3 2 (50.00%) Agile Software Development
4 1 (25.00%) Derivative
4 1 (25.00%) Front Office
4 1 (25.00%) Finance

MiFID
Top Related IT Skills by Category

For the 6 months to 21 May 2013, IT contractor jobs across the Canary Wharf region citing MiFID also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited MiFID. Up to 20 skills are shown per category.

Applications
1 2 (50.00%) MS Visio
General
1 4 (100.00%) Banking
1 4 (100.00%) Investment Banking
2 3 (75.00%) Back Office
3 1 (25.00%) Front Office
3 1 (25.00%) Finance
Job Titles
1 4 (100.00%) Business Analyst
1 4 (100.00%) Analyst
2 2 (50.00%) Technical Analyst
2 2 (50.00%) Technical Business Analyst
2 2 (50.00%) Investment Banking Business Analyst
3 1 (25.00%) Project Manager
3 1 (25.00%) Project Analyst
Miscellaneous
1 2 (50.00%) Foreign Exchange (FX)
2 1 (25.00%) Derivative
Processes & Methodologies
1 2 (50.00%) Business Analysis
1 2 (50.00%) User Acceptance Testing
1 2 (50.00%) Agile Software Development