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 20 October 2014 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
20 Oct 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank - - 56
Contract jobs citing MiFID 0 0 1
As % of all contract IT jobs located in Canary Wharf - - 0.24%
As % of the Quality Assurance & Compliance category - - 1.67%
Number of daily rates quoted 0 0 1
Average daily rate
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- - £500
UK excluding London average daily rate £500 £950 -
% change year-on-year
-47.36% -
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
8 27 60
As % of all contract IT jobs located in Canary Wharf 7.27% 13.64% 14.67%
Number of daily rates quoted 3 15 55
Average daily rate £500 £400 £550
Average daily rate % change year-on-year
+25.00% -27.27%
90% offered a daily rate of more than £455 £176 £444
10% offered a daily rate of more than £525 £554 £600
UK excluding London average daily rate £375 £350 £375
% change year-on-year
+7.14% -6.66%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £20.00 £17.50 £19.00
% change year-on-year
+14.28% -7.89%

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