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 1 April 2015 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
1 Apr 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank - 27 47
Contract jobs citing MiFID 0 1 2
As % of all contract IT jobs located in Canary Wharf - 0.58% 0.56%
As % of the Quality Assurance & Compliance category - 11.11% 6.06%
Number of daily rates quoted 0 0 2
Average daily rate
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of your Daily Rate
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- - £675
UK excluding London average daily rate £400 £550 £115
% change year-on-year
-27.27% +378.26%
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
12 9 33
As % of all contract IT jobs located in Canary Wharf 9.92% 5.26% 9.24%
Number of daily rates quoted 9 5 22
Average daily rate £520 £475 £575
Average daily rate % change year-on-year
+9.47% -17.39%
90% offered a daily rate of more than £375 £348 £176
10% offered a daily rate of more than £565 £665 £700
UK excluding London average daily rate £385 £370 £330
% change year-on-year
+4.05% +12.12%
Number of hourly rates quoted 0 1 0
Average hourly rate - £28.00 -
UK excluding London average hourly rate £22.50 £17.75 £19.00
% change year-on-year
+26.76% -6.57%

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