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 29 January 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
29 Jan 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank - - 44
Contract jobs citing MiFID 0 0 1
As % of all contract IT jobs located in Canary Wharf - - 0.29%
As % of the Quality Assurance & Compliance category - - 3.23%
Number of daily rates quoted 0 0 1
Average daily rate
Keep up to 90%
of your Daily Rate
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- - £650
UK excluding London average daily rate £413 - £115
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 9 31
As % of all contract IT jobs located in Canary Wharf 8.33% 4.86% 8.96%
Number of daily rates quoted 7 7 16
Average daily rate £550 £525 £550
Average daily rate % change year-on-year
+4.76% -4.54%
90% offered a daily rate of more than £375 £466 £366
10% offered a daily rate of more than £600 £680 £635
UK excluding London average daily rate £380 £350 £330
% change year-on-year
+8.57% +6.06%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £20.00
UK excluding London average hourly rate £19.00 £17.08 £23.00
% change year-on-year
+11.27% -25.76%

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