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 21 February 2017 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
21 Feb 2017
Same period 2016 Same period 2015
Markets in Financial Instruments Directive (MiFID)
London / City of London
Rank 83 126 189
Rank change year-on-year
+43 +63
Contract jobs citing MiFID 75 24 2
As % of all contract IT jobs located in the City of London 2.54% 0.76% 0.039%
As % of the Quality Assurance & Compliance category 21.31% 7.21% 0.43%
Number of daily rates quoted 59 21 1
Median daily rate £600 £600 £550
Median daily rate % change year-on-year
- +9.09%
UK excluding London median daily rate £419 £356 £375
% change year-on-year
+17.62% -5.06%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
352 333 470
As % of all contract IT jobs located in the City of London 11.94% 10.61% 9.16%
Number of daily rates quoted 261 241 337
Median daily rate £500 £488 £438
Median daily rate % change year-on-year
+2.56% +11.42%
90% offered a daily rate of more than £346 £307 £250
10% offered a daily rate of more than £660 £625 £575
UK excluding London median daily rate £416 £400 £395
% change year-on-year
+4.00% +1.26%
Number of hourly rates quoted 3 6 1
Median hourly rate £14.00 £22.00 £16.50
Median hourly rate % change year-on-year
-36.36% +33.33%
UK excluding London median hourly rate £20.00 £44.00 £23.50
% change year-on-year
-54.54% +87.23%

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 21 February 2017.

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 21 February 2017, 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 52 (41.60%) Front Office
2 51 (40.80%) Finance
3 45 (36.00%) Banking
4 44 (35.20%) Business Analysis
5 34 (27.20%) Stakeholder Management
6 30 (24.00%) Investment Banking
7 27 (21.60%) Project Management
8 26 (20.80%) Derivative
9 24 (19.20%) Fixed Income
9 24 (19.20%) Equities
10 22 (17.60%) Asset Management
11 21 (16.80%) Foreign Exchange (FX)
12 20 (16.00%) GAP Analysis
13 19 (15.20%) Investment Management
14 18 (14.40%) Wealth Management
15 15 (12.00%) EMIR
15 15 (12.00%) Agile Software Development
16 14 (11.20%) SDLC
17 13 (10.40%) Dodd-Frank
18 11 (8.80%) Use Case
18 11 (8.80%) SQL
18 11 (8.80%) Change Management
18 11 (8.80%) Advertising
19 10 (8.00%) Legal
19 10 (8.00%) FpML
19 10 (8.00%) Bloomberg
20 8 (6.40%) Fintech
20 8 (6.40%) Analytical Skills
20 8 (6.40%) Requirements Analysis
20 8 (6.40%) Electronic Trading

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:

Application Platforms
1 3 (2.40%) Confluence
Applications
1 2 (1.60%) MS Excel
1 2 (1.60%) MS Project
2 1 (0.80%) MS Office
2 1 (0.80%) MS PowerPoint
2 1 (0.80%) MS Visio
Business Applications
1 3 (2.40%) ION MarketView
2 2 (1.60%) Bloomberg TOMS
2 2 (1.60%) thinkFolio
3 1 (0.80%) Markit EDM
3 1 (0.80%) RMDS
3 1 (0.80%) Sentinel
Communications & Networking
1 1 (0.80%) HTTP
Database & Business Intelligence
1 4 (3.20%) Big Data
1 4 (3.20%) Hadoop
2 2 (1.60%) Data Warehouse
2 2 (1.60%) Oracle Database
3 1 (0.80%) Data Mining
3 1 (0.80%) Hazelcast
3 1 (0.80%) MS Access
3 1 (0.80%) NoSQL
3 1 (0.80%) SQL Server
3 1 (0.80%) SQL Server 2008
3 1 (0.80%) SQLPlus
Development Applications
1 5 (4.00%) JIRA
2 2 (1.60%) webpack
3 1 (0.80%) ERwin
3 1 (0.80%) Visual Studio
General
1 52 (41.60%) Front Office
2 51 (40.80%) Finance
3 45 (36.00%) Banking
4 30 (24.00%) Investment Banking
5 11 (8.80%) Advertising
6 10 (8.00%) Legal
7 5 (4.00%) Back Office
7 5 (4.00%) Financial Institution
8 3 (2.40%) Prime Brokerage
8 3 (2.40%) Retail
9 2 (1.60%) International Banking
9 2 (1.60%) Mandarin Language
10 1 (0.80%) French Language
10 1 (0.80%) German Language
10 1 (0.80%) Retail Banking
Job Titles
1 73 (58.40%) Business Analyst
2 72 (57.60%) Analyst
3 62 (49.60%) MiFID Business Analyst
4 20 (16.00%) Project Manager
5 15 (12.00%) Architect
6 12 (9.60%) MiFID Project Manager
7 11 (8.80%) Senior Analyst
7 11 (8.80%) Senior Business Analyst
8 9 (7.20%) Business IT Analyst
8 9 (7.20%) Developer
8 9 (7.20%) IT Analyst
8 9 (7.20%) IT Business Analyst
9 8 (6.40%) Banking Analyst
9 8 (6.40%) Investment Banking Business Analyst
9 8 (6.40%) MiFID Architect
9 8 (6.40%) Solutions Architect
10 6 (4.80%) Derivatives Business Analyst
10 6 (4.80%) Front Office Business Analyst
10 6 (4.80%) Investment Management Business Analyst
10 6 (4.80%) Wealth Management Business Analyst
Libraries, Frameworks & Software Standards
1 10 (8.00%) FpML
2 7 (5.60%) Middleware
3 5 (4.00%) FIX Protocol
4 4 (3.20%) XML
5 3 (2.40%) HTML
5 3 (2.40%) HTML5
6 2 (1.60%) Boost C++ Libraries
6 2 (1.60%) Murex MxML
6 2 (1.60%) Spring
6 2 (1.60%) STL
6 2 (1.60%) WebSockets
7 1 (0.80%) .NET
7 1 (0.80%) Node.js
7 1 (0.80%) Web Services
7 1 (0.80%) XSD
Miscellaneous
1 26 (20.80%) Derivative
2 24 (19.20%) Equities
2 24 (19.20%) Fixed Income
3 21 (16.80%) Foreign Exchange (FX)
4 8 (6.40%) Analytical Skills
4 8 (6.40%) Fintech
5 4 (3.20%) Equity Derivative
6 3 (2.40%) Management Information System
6 3 (2.40%) Reference Data
7 2 (1.60%) Algorithms
7 2 (1.60%) Computer Science
7 2 (1.60%) N-Tier
8 1 (0.80%) CMDB
8 1 (0.80%) Credit Risk
8 1 (0.80%) Hedge funds
8 1 (0.80%) Market Risk
8 1 (0.80%) OTC Derivatives
8 1 (0.80%) User Experience
8 1 (0.80%) Virtual Team
8 1 (0.80%) Wiki
Operating Systems
1 7 (5.60%) Linux
2 6 (4.80%) Unix
3 5 (4.00%) Windows
Processes & Methodologies
1 44 (35.20%) Business Analysis
2 34 (27.20%) Stakeholder Management
3 27 (21.60%) Project Management
4 22 (17.60%) Asset Management
5 20 (16.00%) GAP Analysis
6 19 (15.20%) Investment Management
7 18 (14.40%) Wealth Management
8 15 (12.00%) Agile Software Development
9 14 (11.20%) SDLC
10 11 (8.80%) Change Management
10 11 (8.80%) Use Case
11 8 (6.40%) Data Management
11 8 (6.40%) Electronic Trading
11 8 (6.40%) Requirements Analysis
11 8 (6.40%) UML
11 8 (6.40%) User Acceptance Testing
12 7 (5.60%) Business Process Analysis
12 7 (5.60%) KYC
12 7 (5.60%) Stakeholder Engagement
13 6 (4.80%) System Integration Testing
Programming Languages
1 11 (8.80%) SQL
2 5 (4.00%) Java
3 3 (2.40%) C++
4 2 (1.60%) ES6
4 2 (1.60%) JavaScript
4 2 (1.60%) PL/SQL
5 1 (0.80%) C
5 1 (0.80%) C#
5 1 (0.80%) Shell Script
5 1 (0.80%) T-SQL
5 1 (0.80%) VC++
Qualifications
1 5 (4.00%) Degree
1 5 (4.00%) ISEB
2 2 (1.60%) PMP
3 1 (0.80%) CFA
3 1 (0.80%) IIBA
Quality Assurance & Compliance
1 15 (12.00%) EMIR
2 13 (10.40%) Dodd-Frank
3 6 (4.80%) QA
4 5 (4.00%) FATCA
5 3 (2.40%) SEPA
6 2 (1.60%) AIFMD
6 2 (1.60%) Data Quality
6 2 (1.60%) IFRS
6 2 (1.60%) IFRS 9
6 2 (1.60%) Solvency II
6 2 (1.60%) UCITS
7 1 (0.80%) ISO20022
7 1 (0.80%) SLA
System Software
1 2 (1.60%) HDFS
Vendors
1 10 (8.00%) Bloomberg
2 5 (4.00%) Fidessa
3 4 (3.20%) Microsoft
4 3 (2.40%) ION Trading
4 3 (2.40%) Murex
4 3 (2.40%) Oracle
5 2 (1.60%) Charles River
5 2 (1.60%) Cognizant
5 2 (1.60%) GoldenSource
5 2 (1.60%) Reuters
5 2 (1.60%) Solace
6 1 (0.80%) Calypso
City, London
Harvey Nash plc
Rate: £600 - £650 per day +
Posted: 3 hours ago
City, London
Salt
Rate: £500 - £600 per day + Benefits
Posted: 5 days ago
City, London
Hatstand Limited
Rate: £200 - £650 per day
Posted: 3 days ago
City, London
Pioneer Search
Rate: £550.00 - £575.00 per day
Posted: 5 days ago
City, London
Deerfoot IT Resources Ltd
Rate: £400 - £650 per day
Posted: 6 days ago
City, London
TEKsystems
Rate: £500 - £600 per day
Posted: 6 days ago
City, London
TEKsystems
Rate: £600 - £700 per day
Posted: 5 days ago
City, London
Miller Maxwell Ltd
Rate: Up to £1,000 per day
Posted: 5 days ago