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 27 September 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
27 Sep 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 136 166 206
Rank change year-on-year
+30 +40
Contract jobs citing MiFID 39 20 5
As % of all contract IT jobs located in the City of London 1.13% 0.43% 0.086%
As % of the Quality Assurance & Compliance category 10.71% 4.62% 0.91%
Number of daily rates quoted 25 14 5
Median daily rate £650 £558 £600
Median daily rate % change year-on-year
+16.59% -7.08%
90% offered a daily rate of more than £346 £425 £493
10% offered a daily rate of more than £720 £720 £675
UK excluding London median daily rate £500 £463 £350
% change year-on-year
+8.10% +32.14%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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 City of London region.

Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
364 433 548
As % of all contract IT jobs located in the City of London 10.58% 9.35% 9.46%
Number of daily rates quoted 292 314 382
Median daily rate £475 £450 £472
Median daily rate % change year-on-year
+5.55% -4.66%
90% offered a daily rate of more than £338 £318 £310
10% offered a daily rate of more than £645 £600 £600
UK excluding London median daily rate £400 £413 £375
% change year-on-year
-3.03% +10.00%
Number of hourly rates quoted 1 7 9
Median hourly rate £20.00 £17.00 £16.00
Median hourly rate % change year-on-year
+17.64% +6.25%
UK excluding London median hourly rate £30.00 £30.00 £20.00
% change year-on-year
- +50.00%

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 27 September 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 27 September 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 30 (50.00%) Finance
2 29 (48.33%) Banking
3 22 (36.67%) Investment Banking
3 22 (36.67%) Business Analysis
4 17 (28.33%) Equities
5 15 (25.00%) Front Office
5 15 (25.00%) User Acceptance Testing
6 13 (21.67%) Project Management
7 12 (20.00%) Fixed Income
7 12 (20.00%) Stakeholder Management
7 12 (20.00%) Agile Software Development
8 11 (18.33%) Asset Management
8 11 (18.33%) Derivative
9 10 (16.67%) Stakeholder Engagement
10 9 (15.00%) Foreign Exchange (FX)
11 8 (13.33%) Change Management
11 8 (13.33%) Financial Institution
12 7 (11.67%) GAP Analysis
12 7 (11.67%) Investment Management
12 7 (11.67%) Analytical Skills
12 7 (11.67%) EMIR
12 7 (11.67%) Fintech
13 6 (10.00%) Dodd-Frank
13 6 (10.00%) Target Operating Model
13 6 (10.00%) Legal
13 6 (10.00%) Data Management
13 6 (10.00%) QA
14 5 (8.33%) Equity Derivative
14 5 (8.33%) Retail
14 5 (8.33%) Back Office

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 3 (5.00%) MS Project
2 1 (1.67%) MS Office
Business Applications
1 1 (1.67%) Summit
Communications & Networking
1 2 (3.33%) Intranet
2 1 (1.67%) BGP
2 1 (1.67%) Cisco IOS
2 1 (1.67%) EIGRP
2 1 (1.67%) Ethernet
2 1 (1.67%) Extranet
2 1 (1.67%) Firewall
2 1 (1.67%) Internet
2 1 (1.67%) IPsec
2 1 (1.67%) Junos
2 1 (1.67%) LAN
2 1 (1.67%) MPLS
2 1 (1.67%) Multicast
2 1 (1.67%) OSPF
2 1 (1.67%) SNMP
2 1 (1.67%) TCP/IP
2 1 (1.67%) VPN
2 1 (1.67%) WAN
Database & Business Intelligence
1 2 (3.33%) Hadoop
1 2 (3.33%) Oracle Database
General
1 30 (50.00%) Finance
2 29 (48.33%) Banking
3 22 (36.67%) Investment Banking
4 15 (25.00%) Front Office
5 8 (13.33%) Financial Institution
6 6 (10.00%) Legal
7 5 (8.33%) Back Office
7 5 (8.33%) Retail
8 4 (6.67%) Marketing
9 1 (1.67%) Advertising
9 1 (1.67%) French Language
Job Titles
1 38 (63.33%) Analyst
2 37 (61.67%) Business Analyst
3 23 (38.33%) MiFID Business Analyst
4 8 (13.33%) Project Manager
5 7 (11.67%) MiFID Project Manager
6 6 (10.00%) Regulatory Business Analyst
6 6 (10.00%) Technical Analyst
6 6 (10.00%) Technical Business Analyst
7 5 (8.33%) Banking Analyst
8 4 (6.67%) Architect
8 4 (6.67%) Investment Banking Business Analyst
9 3 (5.00%) Coordinator
9 3 (5.00%) Front Office Business Analyst
9 3 (5.00%) QA Coordinator
9 3 (5.00%) QA Leader
9 3 (5.00%) Solutions Architect
9 3 (5.00%) Technical Architect
9 3 (5.00%) Technical Solutions Architect
9 3 (5.00%) Test Coordinator
9 3 (5.00%) Test Leader
Libraries, Frameworks & Software Standards
1 4 (6.67%) FpML
1 4 (6.67%) Middleware
2 2 (3.33%) FIX Protocol
3 1 (1.67%) Boost C++ Libraries
3 1 (1.67%) FIXML
3 1 (1.67%) STL
3 1 (1.67%) XML
Miscellaneous
1 17 (28.33%) Equities
2 12 (20.00%) Fixed Income
3 11 (18.33%) Derivative
4 9 (15.00%) Foreign Exchange (FX)
5 7 (11.67%) Analytical Skills
5 7 (11.67%) Fintech
6 5 (8.33%) Equity Derivative
7 2 (3.33%) Management Information System
7 2 (3.33%) Market Risk
7 2 (3.33%) PMI
8 1 (1.67%) Algorithms
8 1 (1.67%) Computer Science
8 1 (1.67%) Data Centre
8 1 (1.67%) Distributed Denial-of-Service
8 1 (1.67%) N-Tier
8 1 (1.67%) OTC Derivatives
Operating Systems
1 5 (8.33%) Unix
2 3 (5.00%) Linux
3 2 (3.33%) Windows
Processes & Methodologies
1 22 (36.67%) Business Analysis
2 15 (25.00%) User Acceptance Testing
3 13 (21.67%) Project Management
4 12 (20.00%) Agile Software Development
4 12 (20.00%) Stakeholder Management
5 11 (18.33%) Asset Management
6 10 (16.67%) Stakeholder Engagement
7 8 (13.33%) Change Management
8 7 (11.67%) GAP Analysis
8 7 (11.67%) Investment Management
9 6 (10.00%) Data Management
9 6 (10.00%) Target Operating Model
10 5 (8.33%) Low Latency
11 4 (6.67%) Electronic Trading
11 4 (6.67%) Test Strategy
11 4 (6.67%) Workflow
12 3 (5.00%) Business Development
12 3 (5.00%) Data Analysis
12 3 (5.00%) Manual Testing
12 3 (5.00%) Scrum
Programming Languages
1 5 (8.33%) SQL
2 2 (3.33%) Java
3 1 (1.67%) C++
Qualifications
1 4 (6.67%) Degree
2 2 (3.33%) APMP
2 2 (3.33%) ISEB
2 2 (3.33%) PMI Certification
3 1 (1.67%) CCDA
3 1 (1.67%) CCIE
3 1 (1.67%) CCNP
3 1 (1.67%) CFA
3 1 (1.67%) Cisco Certification
Quality Assurance & Compliance
1 7 (11.67%) EMIR
2 6 (10.00%) Dodd-Frank
2 6 (10.00%) QA
3 3 (5.00%) FATCA
4 1 (1.67%) AIFMD
4 1 (1.67%) UCITS
Vendors
1 5 (8.33%) Bloomberg
2 4 (6.67%) Fidessa
3 2 (3.33%) Oracle
4 1 (1.67%) Cisco
4 1 (1.67%) Cognizant
4 1 (1.67%) ION Trading
4 1 (1.67%) Juniper
4 1 (1.67%) Murex
4 1 (1.67%) Solace
City, London
Harvey Nash plc
Rate: £675 - £725 per day
Posted: 7 hours ago
City, London
Hays Finance Technology
Rate: £550.00 - £600.00 per day
Posted: 3 days ago