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 31 May 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
31 May 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 133 180 196
Rank change year-on-year
+47 +16
Contract jobs citing MiFID 24 17 9
As % of all contract IT jobs located in the City of London 0.72% 0.31% 0.15%
As % of the Quality Assurance & Compliance category 7.50% 3.33% 1.43%
Number of daily rates quoted 22 17 8
Median daily rate £600 £650 £475
Median daily rate % change year-on-year
-7.69% +36.84%
90% offered a daily rate of more than £329 £542 £415
10% offered a daily rate of more than £670 £770 £615
UK excluding London median daily rate £525 £400 £650
% change year-on-year
+31.25% -38.46%
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
320 510 630
As % of all contract IT jobs located in the City of London 9.55% 9.31% 10.44%
Number of daily rates quoted 251 397 458
Median daily rate £475 £479 £451
Median daily rate % change year-on-year
-0.88% +6.38%
90% offered a daily rate of more than £329 £325 £290
10% offered a daily rate of more than £625 £650 £645
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 0 5 6
Median hourly rate - £17.50 £21.25
Median hourly rate % change year-on-year
- -17.64%
UK excluding London median hourly rate £27.62 £25.00 £21.00
% change year-on-year
+10.48% +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 31 May 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 31 May 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 26 (56.52%) Banking
2 22 (47.83%) Finance
3 20 (43.48%) Investment Banking
4 15 (32.61%) Front Office
5 14 (30.43%) EMIR
5 14 (30.43%) Dodd-Frank
6 12 (26.09%) Asset Management
7 11 (23.91%) Derivative
7 11 (23.91%) Project Management
8 10 (21.74%) Equities
9 9 (19.57%) Business Analysis
10 7 (15.22%) Stakeholder Management
10 7 (15.22%) Fixed Income
11 6 (13.04%) Analytical Skills
12 5 (10.87%) QA
12 5 (10.87%) Data Analysis
12 5 (10.87%) Agile Software Development
12 5 (10.87%) Foreign Exchange (FX)
12 5 (10.87%) SQL
12 5 (10.87%) Target Operating Model
12 5 (10.87%) Investment Management
12 5 (10.87%) User Acceptance Testing
12 5 (10.87%) Electronic Trading
13 4 (8.70%) Stakeholder Engagement
13 4 (8.70%) SDLC
13 4 (8.70%) Back Office
13 4 (8.70%) Bloomberg
13 4 (8.70%) Data Management
14 3 (6.52%) ION Trading
14 3 (6.52%) GAP Analysis

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 (2.17%) MS Excel
1 1 (2.17%) MS Office
1 1 (2.17%) MS PowerPoint
1 1 (2.17%) MS Project
Business Applications
1 1 (2.17%) ION MarketView
Communications & Networking
1 1 (2.17%) BGP
1 1 (2.17%) Cisco IOS
1 1 (2.17%) EIGRP
1 1 (2.17%) Ethernet
1 1 (2.17%) Extranet
1 1 (2.17%) Firewall
1 1 (2.17%) HTTP
1 1 (2.17%) Internet
1 1 (2.17%) IPsec
1 1 (2.17%) Junos
1 1 (2.17%) LAN
1 1 (2.17%) MPLS
1 1 (2.17%) Multicast
1 1 (2.17%) OSPF
1 1 (2.17%) SNMP
1 1 (2.17%) TCP/IP
1 1 (2.17%) VPN
1 1 (2.17%) WAN
Database & Business Intelligence
1 2 (4.35%) Data Warehouse
2 1 (2.17%) OLTP
2 1 (2.17%) SQL Server
2 1 (2.17%) SQL Server 2008
Development Applications
1 1 (2.17%) MSTest
1 1 (2.17%) NUnit
1 1 (2.17%) Visual Studio
1 1 (2.17%) Visual Studio Tools for Office
General
1 26 (56.52%) Banking
2 22 (47.83%) Finance
3 20 (43.48%) Investment Banking
4 15 (32.61%) Front Office
5 4 (8.70%) Back Office
6 1 (2.17%) Advertising
6 1 (2.17%) Financial Institution
6 1 (2.17%) French Language
6 1 (2.17%) Legal
Job Titles
1 27 (58.70%) Analyst
2 26 (56.52%) Business Analyst
3 15 (32.61%) MiFID Business Analyst
4 11 (23.91%) Project Manager
5 7 (15.22%) Regulatory Business Analyst
6 6 (13.04%) Banking Analyst
6 6 (13.04%) MiFID Project Manager
7 5 (10.87%) Senior Analyst
7 5 (10.87%) Senior Business Analyst
8 3 (6.52%) Banking Business Analyst
8 3 (6.52%) Electronic Trading Business Analyst
8 3 (6.52%) Investment Banking Business Analyst
8 3 (6.52%) Technical Analyst
8 3 (6.52%) Technical Business Analyst
9 2 (4.35%) Asset Management Project Manager
9 2 (4.35%) Business Manager
9 2 (4.35%) Derivatives Project Manager
9 2 (4.35%) IT Analyst
9 2 (4.35%) MiFID Programme Manager
9 2 (4.35%) Senior Reporting Analyst
Libraries, Frameworks & Software Standards
1 3 (6.52%) XML
2 2 (4.35%) .NET
2 2 (4.35%) Web Services
3 1 (2.17%) .NET Framework
3 1 (2.17%) ASP.NET
3 1 (2.17%) ASP.NET MVC
3 1 (2.17%) ASP.NET MVC 4
3 1 (2.17%) ASP.NET MVC 5
3 1 (2.17%) ASP.NET Web API
3 1 (2.17%) FIX Protocol
3 1 (2.17%) FIXML
3 1 (2.17%) FpML
3 1 (2.17%) Middleware
3 1 (2.17%) Ninject
3 1 (2.17%) OOXML
3 1 (2.17%) WCF
3 1 (2.17%) WinForms
3 1 (2.17%) WPF
3 1 (2.17%) XML Schema
Miscellaneous
1 11 (23.91%) Derivative
2 10 (21.74%) Equities
3 7 (15.22%) Fixed Income
4 6 (13.04%) Analytical Skills
5 5 (10.87%) Foreign Exchange (FX)
6 3 (6.52%) Equity Derivative
6 3 (6.52%) Fintech
7 2 (4.35%) Hedge funds
7 2 (4.35%) Market Risk
8 1 (2.17%) Computer Science
8 1 (2.17%) Data Centre
8 1 (2.17%) Data Extraction
8 1 (2.17%) Distributed Denial-of-Service
8 1 (2.17%) Enterprise Software
8 1 (2.17%) OTC Derivatives
Operating Systems
1 2 (4.35%) Windows
2 1 (2.17%) Unix
2 1 (2.17%) Windows 7
Processes & Methodologies
1 12 (26.09%) Asset Management
2 11 (23.91%) Project Management
3 9 (19.57%) Business Analysis
4 7 (15.22%) Stakeholder Management
5 5 (10.87%) Agile Software Development
5 5 (10.87%) Data Analysis
5 5 (10.87%) Electronic Trading
5 5 (10.87%) Investment Management
5 5 (10.87%) Target Operating Model
5 5 (10.87%) User Acceptance Testing
6 4 (8.70%) Data Management
6 4 (8.70%) SDLC
6 4 (8.70%) Stakeholder Engagement
7 3 (6.52%) Change Management
7 3 (6.52%) GAP Analysis
7 3 (6.52%) PRINCE2
7 3 (6.52%) Test Strategy
7 3 (6.52%) Translating Business Requirements
8 2 (4.35%) Business Intelligence
8 2 (4.35%) Data Architecture
Programming Languages
1 5 (10.87%) SQL
2 2 (4.35%) C#
3 1 (2.17%) JavaScript
3 1 (2.17%) VBA
Qualifications
1 1 (2.17%) CCDA
1 1 (2.17%) CCIE
1 1 (2.17%) CCNP
1 1 (2.17%) Cisco Certification
1 1 (2.17%) Degree
Quality Assurance & Compliance
1 14 (30.43%) Dodd-Frank
1 14 (30.43%) EMIR
2 5 (10.87%) QA
3 3 (6.52%) AIFMD
3 3 (6.52%) UCITS
4 2 (4.35%) FATCA
5 1 (2.17%) ISO20022
5 1 (2.17%) Solvency II
Vendors
1 4 (8.70%) Bloomberg
2 3 (6.52%) Fidessa
2 3 (6.52%) ION Trading
3 1 (2.17%) Cisco
3 1 (2.17%) FactSet
3 1 (2.17%) HP
3 1 (2.17%) Juniper
3 1 (2.17%) Microsoft
3 1 (2.17%) Reuters
3 1 (2.17%) SunGard
City, London
Hatstand Limited
Rate: £550 - £650 per day
Posted: 5 days ago