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 27 August 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
27 Aug 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank - - -
Contract jobs citing MiFID 0 0 0
As % of all contract IT jobs located in Canary Wharf - - -
As % of the Quality Assurance & Compliance category - - -
Number of daily rates quoted 0 0 0
Average daily rate
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- - -
UK excluding London average daily rate £475 £110 £950
% change year-on-year
+331.81% -88.42%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £17.00 - -
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 12 45
As % of all contract IT jobs located in Canary Wharf 7.61% 10.53% 20.45%
Number of daily rates quoted 9 8 27
Average daily rate £475 £475 £566
Average daily rate % change year-on-year
- -16.07%
90% offered a daily rate of more than £360 £365 £175
10% offered a daily rate of more than £640 £530 £700
UK excluding London average daily rate £400 £375 £358
% change year-on-year
+6.66% +4.89%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £21.53 £19.50 £17.50
% change year-on-year
+10.38% +11.42%

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