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 9 February 2016 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
9 Feb 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 20 - -
Rank change year-on-year
- 0
Contract jobs citing MiFID 2 0 0
As % of all contract IT jobs located in Canary Wharf 1.63% - -
As % of the Quality Assurance & Compliance category 13.33% - -
Number of daily rates quoted 1 0 0
Average daily rate £675 - -
UK excluding London average daily rate £491 £375 -
% change year-on-year
+30.80% -
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
15 7 23
As % of all contract IT jobs located in Canary Wharf 12.20% 7.00% 12.85%
Number of daily rates quoted 10 6 12
Average daily rate £500 £550 £513
Average daily rate % change year-on-year
-9.09% +7.31%
90% offered a daily rate of more than £450 £375 £398
10% offered a daily rate of more than £675 £600 £620
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £42.25 £23.25 £17.00
% change year-on-year
+81.72% +36.76%

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

MiFID
Top 9 Related IT Skills in Canary Wharf

For the 6 months to 9 February 2016, 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 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

For the 6 months to 9 February 2016, 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.

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