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 9 December 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
9 Dec 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 118 118 201
Rank change year-on-year
0 +83
Contract jobs citing MiFID 47 41 4
As % of all contract IT jobs located in the City of London 1.48% 1.19% 0.070%
As % of the Quality Assurance & Compliance category 14.20% 12.17% 0.75%
Number of daily rates quoted 33 27 4
Median daily rate £625 £600 £600
Median daily rate % change year-on-year
+4.16% -
90% offered a daily rate of more than £485 £534 £583
10% offered a daily rate of more than £700 £668 £653
UK excluding London median daily rate £500 £600 £450
% change year-on-year
-16.66% +33.33%
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
331 337 534
As % of all contract IT jobs located in the City of London 10.46% 9.79% 9.31%
Number of daily rates quoted 249 230 411
Median daily rate £500 £475 £450
Median daily rate % change year-on-year
+5.26% +5.55%
90% offered a daily rate of more than £382 £308 £275
10% offered a daily rate of more than £683 £620 £625
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 3 8 5
Median hourly rate £46.50 £23.50 £17.50
Median hourly rate % change year-on-year
+97.87% +34.28%
90% offered a hourly rate of more than £22.90 £18.19 £14.63
10% offered a hourly rate of more than £139.30 £50.00 £43.25
UK excluding London median hourly rate £21.50 £25.00 £20.99
% change year-on-year
-14.00% +19.09%

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 9 December 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 9 December 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 35 (46.05%) Finance
2 29 (38.16%) Banking
3 28 (36.84%) Business Analysis
4 21 (27.63%) Front Office
5 20 (26.32%) Project Management
5 20 (26.32%) Investment Banking
5 20 (26.32%) Equities
6 17 (22.37%) Asset Management
7 16 (21.05%) Stakeholder Management
8 15 (19.74%) Fixed Income
8 15 (19.74%) Agile Software Development
9 12 (15.79%) Foreign Exchange (FX)
10 11 (14.47%) User Acceptance Testing
10 11 (14.47%) Derivative
11 10 (13.16%) Wealth Management
11 10 (13.16%) Investment Management
11 10 (13.16%) Stakeholder Engagement
12 9 (11.84%) EMIR
12 9 (11.84%) Analytical Skills
12 9 (11.84%) Legal
12 9 (11.84%) Change Management
12 9 (11.84%) Financial Institution
12 9 (11.84%) GAP Analysis
13 7 (9.21%) Dodd-Frank
13 7 (9.21%) Fintech
14 6 (7.89%) Data Architecture
14 6 (7.89%) FpML
14 6 (7.89%) Linux
14 6 (7.89%) QA
14 6 (7.89%) Retail

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 4 (5.26%) MS Project
2 1 (1.32%) MS Office
Business Applications
1 2 (2.63%) thinkFolio
2 1 (1.32%) Markit EDM
2 1 (1.32%) Summit
Communications & Networking
1 2 (2.63%) Intranet
2 1 (1.32%) HTTP
Database & Business Intelligence
1 2 (2.63%) Big Data
1 2 (2.63%) Hadoop
1 2 (2.63%) Oracle Database
General
1 35 (46.05%) Finance
2 29 (38.16%) Banking
3 21 (27.63%) Front Office
4 20 (26.32%) Investment Banking
5 9 (11.84%) Financial Institution
5 9 (11.84%) Legal
6 6 (7.89%) Retail
7 4 (5.26%) Advertising
7 4 (5.26%) Marketing
8 3 (3.95%) Prime Brokerage
9 2 (2.63%) Back Office
Job Titles
1 43 (56.58%) Analyst
1 43 (56.58%) Business Analyst
2 33 (43.42%) MiFID Business Analyst
3 13 (17.11%) Project Manager
4 12 (15.79%) MiFID Project Manager
5 8 (10.53%) Architect
6 6 (7.89%) Investment Banking Business Analyst
7 4 (5.26%) Banking Analyst
7 4 (5.26%) Developer
7 4 (5.26%) Front Office Business Analyst
7 4 (5.26%) Project Analyst
7 4 (5.26%) Regulatory Business Analyst
8 3 (3.95%) Data Architect
8 3 (3.95%) Derivatives Business Analyst
8 3 (3.95%) Equity Derivatives Business Analyst
8 3 (3.95%) Investment Management Business Analyst
8 3 (3.95%) Senior Analyst
8 3 (3.95%) Senior Business Analyst
8 3 (3.95%) Solutions Architect
8 3 (3.95%) Technical Architect
Libraries, Frameworks & Software Standards
1 6 (7.89%) FpML
2 5 (6.58%) Middleware
3 3 (3.95%) FIX Protocol
4 2 (2.63%) Boost C++ Libraries
4 2 (2.63%) STL
5 1 (1.32%) Web Services
5 1 (1.32%) XML
Miscellaneous
1 20 (26.32%) Equities
2 15 (19.74%) Fixed Income
3 12 (15.79%) Foreign Exchange (FX)
4 11 (14.47%) Derivative
5 9 (11.84%) Analytical Skills
6 7 (9.21%) Fintech
7 4 (5.26%) Equity Derivative
8 3 (3.95%) Management Information System
9 2 (2.63%) Algorithms
9 2 (2.63%) N-Tier
9 2 (2.63%) PMI
10 1 (1.32%) Market Risk
10 1 (1.32%) OTC Derivatives
10 1 (1.32%) Reference Data
Operating Systems
1 6 (7.89%) Linux
2 5 (6.58%) Unix
3 4 (5.26%) Windows
Processes & Methodologies
1 28 (36.84%) Business Analysis
2 20 (26.32%) Project Management
3 17 (22.37%) Asset Management
4 16 (21.05%) Stakeholder Management
5 15 (19.74%) Agile Software Development
6 11 (14.47%) User Acceptance Testing
7 10 (13.16%) Investment Management
7 10 (13.16%) Stakeholder Engagement
7 10 (13.16%) Wealth Management
8 9 (11.84%) Change Management
8 9 (11.84%) GAP Analysis
9 6 (7.89%) Data Architecture
10 5 (6.58%) Low Latency
11 4 (5.26%) Cash Management
11 4 (5.26%) Data Governance
11 4 (5.26%) Data Management
11 4 (5.26%) Risk Management
11 4 (5.26%) SDLC
12 3 (3.95%) Regulatory Compliance
12 3 (3.95%) Target Operating Model
Programming Languages
1 5 (6.58%) SQL
2 3 (3.95%) Java
3 2 (2.63%) C++
Qualifications
1 5 (6.58%) Degree
2 2 (2.63%) APMP
2 2 (2.63%) ISEB
2 2 (2.63%) PMI Certification
3 1 (1.32%) CFA
Quality Assurance & Compliance
1 9 (11.84%) EMIR
2 7 (9.21%) Dodd-Frank
3 6 (7.89%) QA
4 2 (2.63%) AIFMD
4 2 (2.63%) FATCA
4 2 (2.63%) UCITS
Vendors
1 5 (6.58%) Bloomberg
2 3 (3.95%) Fidessa
3 2 (2.63%) Cognizant
3 2 (2.63%) Oracle
3 2 (2.63%) Solace
4 1 (1.32%) Charles River
4 1 (1.32%) ION Trading
4 1 (1.32%) Microsoft
4 1 (1.32%) Murex
City, London
TEKsystems
Rate: £550 - £625 per annum
Posted: 2 days ago
City, London
JM
Rate: £550 - £600 per day
Posted: 3 days ago