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 26 June 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
26 Jun 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank - - 21
Contract jobs citing MiFID 0 0 1
As % of all contract IT jobs located in Canary Wharf - - 1.00%
As % of the Quality Assurance & Compliance category - - 5.88%
Number of daily rates quoted 0 0 0
Median daily rate - - -
UK excluding London median daily rate £506 £550 £650
% change year-on-year
-7.95% -15.38%
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
7 20 17
As % of all contract IT jobs located in Canary Wharf 5.69% 11.56% 17.00%
Number of daily rates quoted 4 17 8
Median daily rate £575 £475 £500
Median daily rate % change year-on-year
+21.05% -5.00%
90% offered a daily rate of more than £505 £390 £360
10% offered a daily rate of more than £675 £550 £625
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £28.50 £22.50 £20.75
% change year-on-year
+26.66% +8.43%

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
Top 9 Related IT Skills in Canary Wharf

For the 6 months to 26 June 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 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

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:

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