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 May 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 May 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank - 19 50
Contract jobs citing MiFID 0 2 2
As % of all contract IT jobs located in Canary Wharf - 1.82% 0.53%
As % of the Quality Assurance & Compliance category - 22.22% 3.70%
Number of daily rates quoted 0 0 2
Average daily rate
Keep up to 90%
of your Daily Rate
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- - £500
UK excluding London average daily rate £400 £650 £350
% change year-on-year
-38.46% +85.71%
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
18 9 54
As % of all contract IT jobs located in Canary Wharf 11.11% 8.18% 14.25%
Number of daily rates quoted 13 3 36
Average daily rate £500 £500 £500
90% offered a daily rate of more than £475 £500 £220
10% offered a daily rate of more than £545 £720 £702
UK excluding London average daily rate £375 £363 £350
% change year-on-year
+3.44% +3.57%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £21.55 £21.00 £18.50
% change year-on-year
+2.61% +13.51%

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