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 24 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
24 Apr 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank - 21 42
Contract jobs citing MiFID 0 2 4
As % of all contract IT jobs located in Canary Wharf - 1.40% 1.09%
As % of the Quality Assurance & Compliance category - 20.00% 8.51%
Number of daily rates quoted 0 0 4
Average daily rate
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of your Daily Rate
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- - £575
UK excluding London average daily rate £400 £550 £350
% change year-on-year
-27.27% +57.14%
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
14 10 47
As % of all contract IT jobs located in Canary Wharf 10.77% 6.99% 12.77%
Number of daily rates quoted 11 5 31
Average daily rate £520 £500 £550
Average daily rate % change year-on-year
+4.00% -9.09%
90% offered a daily rate of more than £475 £415 £250
10% offered a daily rate of more than £550 £665 £700
UK excluding London average daily rate £375 £368 £338
% change year-on-year
+2.04% +8.88%
Number of hourly rates quoted 0 1 0
Average hourly rate - £28.00 -
UK excluding London average hourly rate £22.50 £18.00 £15.13
% change year-on-year
+25.00% +19.00%

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