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 16 January 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
16 Jan 2017
Same period 2016 Same period 2015
Markets in Financial Instruments Directive (MiFID)
London / City of London
Rank 112 113 186
Rank change year-on-year
+1 +73
Contract jobs citing MiFID 44 37 1
As % of all contract IT jobs located in the City of London 1.51% 1.24% 0.020%
As % of the Quality Assurance & Compliance category 14.81% 11.25% 0.22%
Number of daily rates quoted 32 28 1
Median daily rate £600 £610 £600
Median daily rate % change year-on-year
-1.63% +1.66%
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 - - -

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
297 329 464
As % of all contract IT jobs located in the City of London 10.21% 10.98% 9.07%
Number of daily rates quoted 214 228 353
Median daily rate £475 £475 £450
Median daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £350 £300 £282
10% offered a daily rate of more than £625 £640 £600
UK excluding London median daily rate £401 £400 £375
% change year-on-year
+0.12% +6.66%
Number of hourly rates quoted 1 8 4
Median hourly rate £46.50 £31.50 £17.00
Median hourly rate % change year-on-year
+47.61% +85.29%
UK excluding London median hourly rate £22.50 £41.75 £23.50
% change year-on-year
-46.10% +77.65%

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 16 January 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 16 January 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 37 (41.57%) Front Office
2 35 (39.33%) Finance
3 34 (38.20%) Banking
4 31 (34.83%) Business Analysis
5 24 (26.97%) Investment Banking
5 24 (26.97%) Project Management
6 22 (24.72%) Stakeholder Management
7 20 (22.47%) Equities
8 18 (20.22%) Derivative
9 17 (19.10%) Asset Management
9 17 (19.10%) Fixed Income
10 16 (17.98%) Foreign Exchange (FX)
11 15 (16.85%) Agile Software Development
12 14 (15.73%) GAP Analysis
12 14 (15.73%) Investment Management
13 13 (14.61%) Wealth Management
13 13 (14.61%) EMIR
14 10 (11.24%) SDLC
15 9 (10.11%) Fintech
16 8 (8.99%) Dodd-Frank
16 8 (8.99%) Stakeholder Engagement
16 8 (8.99%) Change Management
16 8 (8.99%) Financial Institution
16 8 (8.99%) Legal
16 8 (8.99%) Requirements Analysis
17 7 (7.87%) FpML
17 7 (7.87%) UML
17 7 (7.87%) Analytical Skills
17 7 (7.87%) Use Case
17 7 (7.87%) User Acceptance Testing

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 2 (2.25%) MS Excel
1 2 (2.25%) MS Office
1 2 (2.25%) MS Project
2 1 (1.12%) MS PowerPoint
2 1 (1.12%) MS Visio
Business Applications
1 2 (2.25%) thinkFolio
2 1 (1.12%) Markit EDM
2 1 (1.12%) Summit
Communications & Networking
1 2 (2.25%) Intranet
2 1 (1.12%) HTTP
Database & Business Intelligence
1 2 (2.25%) Big Data
1 2 (2.25%) Hadoop
1 2 (2.25%) Oracle Database
2 1 (1.12%) SQL Server
2 1 (1.12%) SQL Server 2008
Development Applications
1 1 (1.12%) JIRA
1 1 (1.12%) Visual Studio
General
1 37 (41.57%) Front Office
2 35 (39.33%) Finance
3 34 (38.20%) Banking
4 24 (26.97%) Investment Banking
5 8 (8.99%) Financial Institution
5 8 (8.99%) Legal
6 6 (6.74%) Advertising
7 4 (4.49%) Retail
8 3 (3.37%) Prime Brokerage
9 2 (2.25%) Marketing
10 1 (1.12%) Back Office
Job Titles
1 53 (59.55%) Analyst
1 53 (59.55%) Business Analyst
2 46 (51.69%) MiFID Business Analyst
3 15 (16.85%) Project Manager
4 11 (12.36%) MiFID Project Manager
5 8 (8.99%) Architect
5 8 (8.99%) Investment Banking Business Analyst
6 6 (6.74%) Developer
6 6 (6.74%) Regulatory Business Analyst
7 5 (5.62%) Derivatives Business Analyst
7 5 (5.62%) Front Office Business Analyst
7 5 (5.62%) Investment Management Business Analyst
7 5 (5.62%) Senior Analyst
7 5 (5.62%) Senior Business Analyst
8 4 (4.49%) Banking Analyst
8 4 (4.49%) Business Systems Analyst
8 4 (4.49%) Project Analyst
8 4 (4.49%) Wealth Management Business Analyst
9 3 (3.37%) Equity Derivatives Business Analyst
9 3 (3.37%) IT Analyst
Libraries, Frameworks & Software Standards
1 7 (7.87%) FpML
2 5 (5.62%) Middleware
3 3 (3.37%) FIX Protocol
4 2 (2.25%) Boost C++ Libraries
4 2 (2.25%) STL
4 2 (2.25%) XML
5 1 (1.12%) Web Services
5 1 (1.12%) XSD
Miscellaneous
1 20 (22.47%) Equities
2 18 (20.22%) Derivative
3 17 (19.10%) Fixed Income
4 16 (17.98%) Foreign Exchange (FX)
5 9 (10.11%) Fintech
6 7 (7.87%) Analytical Skills
7 4 (4.49%) Management Information System
8 3 (3.37%) Equity Derivative
9 2 (2.25%) Algorithms
9 2 (2.25%) Market Risk
9 2 (2.25%) N-Tier
9 2 (2.25%) Reference Data
10 1 (1.12%) Credit Risk
10 1 (1.12%) OTC Derivatives
Operating Systems
1 6 (6.74%) Linux
2 5 (5.62%) Unix
2 5 (5.62%) Windows
Processes & Methodologies
1 31 (34.83%) Business Analysis
2 24 (26.97%) Project Management
3 22 (24.72%) Stakeholder Management
4 17 (19.10%) Asset Management
5 15 (16.85%) Agile Software Development
6 14 (15.73%) GAP Analysis
6 14 (15.73%) Investment Management
7 13 (14.61%) Wealth Management
8 10 (11.24%) SDLC
9 8 (8.99%) Change Management
9 8 (8.99%) Requirements Analysis
9 8 (8.99%) Stakeholder Engagement
10 7 (7.87%) UML
10 7 (7.87%) Use Case
10 7 (7.87%) User Acceptance Testing
11 6 (6.74%) Data Architecture
11 6 (6.74%) Data Management
11 6 (6.74%) Risk Management
11 6 (6.74%) Test Scripting
12 5 (5.62%) SWOT Analysis
Programming Languages
1 5 (5.62%) SQL
2 3 (3.37%) C++
2 3 (3.37%) Java
3 1 (1.12%) T-SQL
3 1 (1.12%) VC++
Qualifications
1 3 (3.37%) Degree
2 1 (1.12%) CFA
2 1 (1.12%) ISEB
Quality Assurance & Compliance
1 13 (14.61%) EMIR
2 8 (8.99%) Dodd-Frank
3 6 (6.74%) QA
4 4 (4.49%) FATCA
5 2 (2.25%) AIFMD
5 2 (2.25%) UCITS
Vendors
1 5 (5.62%) Bloomberg
2 3 (3.37%) Fidessa
2 3 (3.37%) Microsoft
3 2 (2.25%) Charles River
3 2 (2.25%) Cognizant
3 2 (2.25%) Oracle
3 2 (2.25%) Solace
4 1 (1.12%) ION Trading
4 1 (1.12%) Murex
City, London
JM
Rate: £300 - £325 per day
Posted: 15 hours ago
City, London
McGregor Boyall
Rate: £550 - £650 per day
Posted: 4 days ago
City, London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 5 days ago
City, London
JM
Rate: £500 - £600 per day
Posted: 6 days ago
City, London
TEKsystems
Rate: £650 - £750 per day
Posted: 5 days ago