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 contractor rates offered in IT contracts that have cited MiFID over the 3 months to 10 December 2016 with a comparison to the same period over 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.

3 months to
10 Dec 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 21 - -
Rank change year-on-year
- 0
Contract jobs citing MiFID 8 0 0
As % of all contract IT jobs located in Canary Wharf 5.16% - -
As % of the Quality Assurance & Compliance category 44.44% - -
Number of daily rates quoted 4 0 0
Median daily rate £538 - -
UK excluding London median daily rate £500 £600 £400
% change year-on-year
-16.66% +50.00%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
18 22 9
As % of all contract IT jobs located in Canary Wharf 11.61% 12.57% 7.69%
Number of daily rates quoted 12 20 6
Median daily rate £500 £475 £550
Median daily rate % change year-on-year
+5.26% -13.63%
90% offered a daily rate of more than £373 £375 £480
10% offered a daily rate of more than £650 £600 £620
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £21.50 £25.00 £21.99
% change year-on-year
-14.00% +13.67%

MiFID
Jobs Demand Trend in Canary Wharf

The demand trend of contract jobs across the Canary Wharf region citing MiFID as a proportion of all IT contracts with a match in 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
Daily Rate Histogram in Canary Wharf

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 10 December 2016.

MiFID Daily Rate Histogram in Canary Wharf

MiFID
Top 30 Related IT Skills in Canary Wharf

For the 6 months to 10 December 2016, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Canary Wharf region with a requirement for MiFID.

1 7 (70.00%) Legal
1 7 (70.00%) Foreign Exchange (FX)
1 7 (70.00%) Equities
1 7 (70.00%) Fixed Income
1 7 (70.00%) EMIR
2 6 (60.00%) DTCC
2 6 (60.00%) Test Strategy
2 6 (60.00%) Reference Data
2 6 (60.00%) Middleware
2 6 (60.00%) ASIC
2 6 (60.00%) DSL
2 6 (60.00%) FpML
3 4 (40.00%) Banking
4 2 (20.00%) Investment Banking
4 2 (20.00%) Derivative
4 2 (20.00%) Portfolio Management
5 1 (10.00%) Concordion
5 1 (10.00%) Gradle
5 1 (10.00%) Jenkins
5 1 (10.00%) Relational Database
5 1 (10.00%) JSON
5 1 (10.00%) FitNesse
5 1 (10.00%) Continuous Integration
5 1 (10.00%) Kanban
5 1 (10.00%) Dodd-Frank
5 1 (10.00%) Docker
5 1 (10.00%) Functional Programming
5 1 (10.00%) Microservices
5 1 (10.00%) Lambda Expressions
5 1 (10.00%) Spring

MiFID
Top Related IT Skills in Canary Wharf by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Cloud Services
1 1 (10.00%) Amazon AWS
1 1 (10.00%) Microsoft Azure
Communications & Networking
1 6 (60.00%) DSL
Database & Business Intelligence
1 1 (10.00%) DB2
1 1 (10.00%) Relational Database
Development Applications
1 1 (10.00%) Concordion
1 1 (10.00%) Cucumber
1 1 (10.00%) FitNesse
1 1 (10.00%) Gradle
1 1 (10.00%) JBehave
1 1 (10.00%) Jenkins
1 1 (10.00%) TeamCity
General
1 7 (70.00%) Legal
2 4 (40.00%) Banking
3 2 (20.00%) Investment Banking
4 1 (10.00%) Back Office
4 1 (10.00%) Front Office
Job Titles
1 8 (80.00%) Analyst
1 8 (80.00%) Business Analyst
2 6 (60.00%) Report Analyst
2 6 (60.00%) Senior Analyst
2 6 (60.00%) Senior Business Analyst
2 6 (60.00%) Senior Reporting Analyst
3 1 (10.00%) Core Java Developer
3 1 (10.00%) DB2 Developer
3 1 (10.00%) Developer
3 1 (10.00%) Investment Banking Java Developer
3 1 (10.00%) Java Developer
3 1 (10.00%) MiFID Project Manager
3 1 (10.00%) Project Manager
Libraries, Frameworks & Software Standards
1 6 (60.00%) FpML
1 6 (60.00%) Middleware
2 1 (10.00%) Guice
2 1 (10.00%) JSON
2 1 (10.00%) Lambda Expressions
2 1 (10.00%) REST
2 1 (10.00%) Spring
2 1 (10.00%) XML
Miscellaneous
1 7 (70.00%) Equities
1 7 (70.00%) Fixed Income
1 7 (70.00%) Foreign Exchange (FX)
2 6 (60.00%) ASIC
2 6 (60.00%) DTCC
2 6 (60.00%) Reference Data
3 2 (20.00%) Derivative
Processes & Methodologies
1 6 (60.00%) Test Strategy
2 2 (20.00%) Portfolio Management
3 1 (10.00%) Agile Software Development
3 1 (10.00%) Continuous Integration
3 1 (10.00%) Dependency Injection
3 1 (10.00%) Domain-Driven Design
3 1 (10.00%) Functional Programming
3 1 (10.00%) Kanban
3 1 (10.00%) Microservices
3 1 (10.00%) OO
3 1 (10.00%) OOD
3 1 (10.00%) Pair Programming
3 1 (10.00%) Scrum
3 1 (10.00%) Stakeholder Management
Programming Languages
1 1 (10.00%) Java
Quality Assurance & Compliance
1 7 (70.00%) EMIR
2 1 (10.00%) Dodd-Frank
System Software
1 1 (10.00%) Docker