The table below looks at the statistics for MiFID skills in IT contracts advertised for the City of London region. Included is a guide to the contractor rates offered in IT contracts that have cited MiFID over the 3 months to 24 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
24 Jun 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 144 183 200
Rank change year-on-year
+39 +17
Contract jobs citing MiFID 21 20 7
As % of all contract IT jobs located in the City of London 0.62% 0.34% 0.12%
As % of the Quality Assurance & Compliance category 6.27% 3.73% 1.19%
Number of daily rates quoted 19 19 7
Median daily rate £575 £650 £486
Median daily rate % change year-on-year
-11.53% +33.74%
90% offered a daily rate of more than £313 £558 £415
10% offered a daily rate of more than £635 £760 £660
UK excluding London median daily rate £506 £550 £600
% change year-on-year
-7.95% -8.33%
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 City of London region.

Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
335 536 588
As % of all contract IT jobs located in the City of London 9.91% 9.21% 9.78%
Number of daily rates quoted 263 413 432
Median daily rate £475 £488 £464
Median daily rate % change year-on-year
-2.56% +5.12%
90% offered a daily rate of more than £338 £323 £282
10% offered a daily rate of more than £616 £650 £625
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 1 7 7
Median hourly rate £85.50 £24.00 £20.00
Median hourly rate % change year-on-year
+256.25% +20.00%
UK excluding London median hourly rate £28.50 £25.00 £21.00
% change year-on-year
+14.00% +19.04%

MiFID
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing MiFID as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

MiFID Jobs Demand Trend in the City of London

MiFID
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MiFID across the City of London region.

MiFID Daily Rate Trend in the City of London

MiFID
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID across the City of London region over the 3 months to 24 June 2016.

MiFID Daily Rate Histogram in the City of London

MiFID
Top 30 Related IT Skills in the City of London

For the 6 months to 24 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 City of London region with a requirement for MiFID.

1 25 (58.14%) Banking
2 21 (48.84%) Finance
3 19 (44.19%) Investment Banking
4 13 (30.23%) Dodd-Frank
5 12 (27.91%) EMIR
5 12 (27.91%) Front Office
6 9 (20.93%) Derivative
7 8 (18.60%) Business Analysis
7 8 (18.60%) Asset Management
7 8 (18.60%) Equities
8 7 (16.28%) Fixed Income
8 7 (16.28%) Stakeholder Management
9 6 (13.95%) Project Management
9 6 (13.95%) Analytical Skills
9 6 (13.95%) Stakeholder Engagement
10 5 (11.63%) Electronic Trading
10 5 (11.63%) Foreign Exchange (FX)
10 5 (11.63%) Back Office
10 5 (11.63%) SQL
10 5 (11.63%) Agile Software Development
10 5 (11.63%) Data Analysis
10 5 (11.63%) User Acceptance Testing
10 5 (11.63%) QA
11 4 (9.30%) Equity Derivative
11 4 (9.30%) Data Management
11 4 (9.30%) Investment Management
12 3 (6.98%) Target Operating Model
12 3 (6.98%) Translating Business Requirements
12 3 (6.98%) Fintech
12 3 (6.98%) Change Management

MiFID
Top Related IT Skills in the City of London 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:

Applications
1 1 (2.33%) MS Excel
1 1 (2.33%) MS Office
1 1 (2.33%) MS PowerPoint
Business Applications
1 1 (2.33%) ION MarketView
Communications & Networking
1 1 (2.33%) BGP
1 1 (2.33%) Cisco IOS
1 1 (2.33%) EIGRP
1 1 (2.33%) Ethernet
1 1 (2.33%) Extranet
1 1 (2.33%) Firewall
1 1 (2.33%) HTTP
1 1 (2.33%) Internet
1 1 (2.33%) IPsec
1 1 (2.33%) Junos
1 1 (2.33%) LAN
1 1 (2.33%) MPLS
1 1 (2.33%) Multicast
1 1 (2.33%) OSPF
1 1 (2.33%) SNMP
1 1 (2.33%) TCP/IP
1 1 (2.33%) VPN
1 1 (2.33%) WAN
Database & Business Intelligence
1 2 (4.65%) Data Warehouse
2 1 (2.33%) OLTP
2 1 (2.33%) SQL Server
2 1 (2.33%) SQL Server 2008
Development Applications
1 1 (2.33%) MSTest
1 1 (2.33%) NUnit
1 1 (2.33%) Visual Studio
1 1 (2.33%) Visual Studio Tools for Office
General
1 25 (58.14%) Banking
2 21 (48.84%) Finance
3 19 (44.19%) Investment Banking
4 12 (27.91%) Front Office
5 5 (11.63%) Back Office
6 1 (2.33%) Financial Institution
6 1 (2.33%) French Language
Job Titles
1 27 (62.79%) Analyst
2 26 (60.47%) Business Analyst
3 15 (34.88%) MiFID Business Analyst
4 7 (16.28%) Banking Analyst
4 7 (16.28%) Project Manager
5 6 (13.95%) Regulatory Business Analyst
6 4 (9.30%) Investment Banking Business Analyst
6 4 (9.30%) MiFID Project Manager
6 4 (9.30%) Senior Analyst
6 4 (9.30%) Senior Business Analyst
6 4 (9.30%) Technical Analyst
6 4 (9.30%) Technical Business Analyst
7 3 (6.98%) Banking Business Analyst
7 3 (6.98%) Electronic Trading Business Analyst
8 2 (4.65%) Business Manager
8 2 (4.65%) IT Analyst
8 2 (4.65%) IT Business Analyst
8 2 (4.65%) IT Project Manager
8 2 (4.65%) MiFID Programme Manager
8 2 (4.65%) Senior Reporting Analyst
Libraries, Frameworks & Software Standards
1 3 (6.98%) XML
2 2 (4.65%) .NET
2 2 (4.65%) Web Services
3 1 (2.33%) .NET Framework
3 1 (2.33%) ASP.NET
3 1 (2.33%) ASP.NET MVC
3 1 (2.33%) ASP.NET MVC 4
3 1 (2.33%) ASP.NET MVC 5
3 1 (2.33%) ASP.NET Web API
3 1 (2.33%) FIX Protocol
3 1 (2.33%) FIXML
3 1 (2.33%) FpML
3 1 (2.33%) Middleware
3 1 (2.33%) Ninject
3 1 (2.33%) OOXML
3 1 (2.33%) WCF
3 1 (2.33%) WinForms
3 1 (2.33%) WPF
3 1 (2.33%) XML Schema
Miscellaneous
1 9 (20.93%) Derivative
2 8 (18.60%) Equities
3 7 (16.28%) Fixed Income
4 6 (13.95%) Analytical Skills
5 5 (11.63%) Foreign Exchange (FX)
6 4 (9.30%) Equity Derivative
7 3 (6.98%) Fintech
8 2 (4.65%) Hedge funds
8 2 (4.65%) Market Risk
8 2 (4.65%) OTC Derivatives
9 1 (2.33%) Computer Science
9 1 (2.33%) Data Centre
9 1 (2.33%) Data Extraction
9 1 (2.33%) Distributed Denial-of-Service
9 1 (2.33%) Enterprise Software
Operating Systems
1 2 (4.65%) Windows
2 1 (2.33%) Unix
2 1 (2.33%) Windows 7
Processes & Methodologies
1 8 (18.60%) Asset Management
1 8 (18.60%) Business Analysis
2 7 (16.28%) Stakeholder Management
3 6 (13.95%) Project Management
3 6 (13.95%) Stakeholder Engagement
4 5 (11.63%) Agile Software Development
4 5 (11.63%) Data Analysis
4 5 (11.63%) Electronic Trading
4 5 (11.63%) User Acceptance Testing
5 4 (9.30%) Data Management
5 4 (9.30%) Investment Management
6 3 (6.98%) Change Management
6 3 (6.98%) PRINCE2
6 3 (6.98%) Target Operating Model
6 3 (6.98%) Translating Business Requirements
7 2 (4.65%) Business Intelligence
7 2 (4.65%) CRM
7 2 (4.65%) Data Modelling
7 2 (4.65%) Enterprise Architecture
7 2 (4.65%) MVC
Programming Languages
1 5 (11.63%) SQL
2 2 (4.65%) C#
3 1 (2.33%) JavaScript
3 1 (2.33%) VBA
Qualifications
1 1 (2.33%) CCDA
1 1 (2.33%) CCIE
1 1 (2.33%) CCNP
1 1 (2.33%) Cisco Certification
1 1 (2.33%) Degree
Quality Assurance & Compliance
1 13 (30.23%) Dodd-Frank
2 12 (27.91%) EMIR
3 5 (11.63%) QA
4 2 (4.65%) AIFMD
4 2 (4.65%) FATCA
4 2 (4.65%) UCITS
5 1 (2.33%) ISO20022
Vendors
1 3 (6.98%) Bloomberg
1 3 (6.98%) Fidessa
1 3 (6.98%) ION Trading
2 1 (2.33%) Cisco
2 1 (2.33%) HP
2 1 (2.33%) Juniper
2 1 (2.33%) Microsoft
2 1 (2.33%) SunGard