The table below looks at the statistics for MiFID skills in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 5 February 2016 with a comparison to the same period in 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.

Location
3 months to
5 Feb 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 244 377 374
Rank change year-on-year
+133 -3
Contract jobs citing MiFID 173 28 33
As % of all contract IT jobs located in London 0.82% 0.13% 0.15%
As % of the Quality Assurance & Compliance category 8.37% 1.40% 1.60%
Number of daily rates quoted 110 22 30
Average daily rate £600 £563 £700
Average daily rate % change year-on-year
+6.66% -19.64%
90% offered a daily rate of more than £449 £265 £573
10% offered a daily rate of more than £703 £648 £850
UK excluding London average daily rate £491 £375 -
% change year-on-year
+30.80% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
MiFID
England

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 London region.

Quality Assurance & Compliance Category
London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
2068 2006 2062
As % of all contract IT jobs located in London 9.78% 9.63% 9.54%
Number of daily rates quoted 1410 1389 1376
Average daily rate £468 £450 £450
Average daily rate % change year-on-year
+3.88% -
90% offered a daily rate of more than £289 £250 £275
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 23 27 26
Average hourly rate £22.00 £21.50 £15.00
Average hourly rate % change year-on-year
+2.32% +43.33%
90% offered a hourly rate of more than £11.50 £15.00 £11.50
10% offered a hourly rate of more than £41.20 £45.25 £72.75
UK excluding London average hourly rate £42.00 £25.00 £17.15
% change year-on-year
+68.00% +45.77%

MiFID
Jobs Demand Trend in London

This chart provides a 3-month moving total of IT contractor jobs citing MiFID across the London region as a proportion of the total demand within the Quality Assurance & Compliance category.

MiFID Jobs Demand Trend in London

MiFID
Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MiFID across the London region.

MiFID Daily Rate Trend in London

MiFID
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID across the London region over the 3 months to 5 February 2016.

MiFID Daily Rate Histogram in London

MiFID
Hourly Rate Trend in London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing MiFID across the London region.

MiFID Hourly Rate Trend in London

MiFID
Contract Job Locations in London

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing MiFID within the London region over the 3 months to 5 February 2016. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +66 29 £623 +13.18% 17
Canary Wharf - 2 £675 -
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 5 February 2016, IT contractor jobs across the London region citing MiFID also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited MiFID.

1 188 (52.08%) Banking
2 171 (47.37%) Finance
3 148 (41.00%) EMIR
4 131 (36.29%) Investment Banking
5 111 (30.75%) Dodd-Frank
6 86 (23.82%) Business Analysis
7 79 (21.88%) Front Office
8 75 (20.78%) Derivative
9 74 (20.50%) Project Management
10 58 (16.07%) Asset Management
11 50 (13.85%) Stakeholder Management
12 45 (12.47%) Back Office
13 44 (12.19%) SQL
14 43 (11.91%) AIFMD
15 41 (11.36%) SDLC
16 40 (11.08%) Equities
17 35 (9.70%) Analytical Skills
18 33 (9.14%) Legal
19 32 (8.86%) FATCA
20 31 (8.59%) Hedge funds
21 30 (8.31%) Foreign Exchange (FX)
22 29 (8.03%) GAP Analysis
22 29 (8.03%) Degree
23 28 (7.76%) Algorithmic Trading
23 28 (7.76%) Fixed Income
24 26 (7.20%) QA
24 26 (7.20%) Change Management
25 25 (6.93%) Calypso
25 25 (6.93%) Market Risk
25 25 (6.93%) Agile Software Development

MiFID
Top Related IT Skills in London by Category

For the 6 months to 5 February 2016, IT contractor jobs across the London region citing MiFID also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited MiFID. Up to 20 skills are shown per category.

Applications
1 10 (2.77%) MS Office
1 10 (2.77%) MS PowerPoint
2 6 (1.66%) MS Visio
3 5 (1.39%) MS Excel
4 3 (0.83%) MS Project
5 1 (0.28%) Spreadsheet
Business Applications
1 23 (6.37%) Summit
2 1 (0.28%) Eagle PACE
2 1 (0.28%) Endur
2 1 (0.28%) Global One
2 1 (0.28%) ION MarketView
2 1 (0.28%) Loan IQ
2 1 (0.28%) Markit EDM
2 1 (0.28%) SimCorp Dimension
2 1 (0.28%) Temenos T24
Communications & Networking
1 2 (0.55%) HTTPS
2 1 (0.28%) Multicast
2 1 (0.28%) TCP/IP
Database & Business Intelligence
1 6 (1.66%) Data Warehouse
2 5 (1.39%) Relational Database
3 3 (0.83%) RDBMS
4 2 (0.55%) BusinessObjects
4 2 (0.55%) SQL Server
5 1 (0.28%) Big Data
5 1 (0.28%) Crystal Reports
5 1 (0.28%) Data Mining
5 1 (0.28%) OLTP
5 1 (0.28%) Oracle Reports
5 1 (0.28%) QlikView
5 1 (0.28%) SQL Server 2008
5 1 (0.28%) SQL Server 2012
Development Applications
1 6 (1.66%) JIRA
2 3 (0.83%) FitNesse
3 2 (0.55%) Ant
3 2 (0.55%) Gradle
3 2 (0.55%) JUnit
3 2 (0.55%) Rational Rose
4 1 (0.28%) HP UFT
4 1 (0.28%) JBehave
4 1 (0.28%) MSTest
4 1 (0.28%) NUnit
4 1 (0.28%) Visual Studio
General
1 188 (52.08%) Banking
2 171 (47.37%) Finance
3 131 (36.29%) Investment Banking
4 79 (21.88%) Front Office
5 45 (12.47%) Back Office
6 33 (9.14%) Legal
7 7 (1.94%) Wholesale Banking
8 5 (1.39%) Financial Institution
8 5 (1.39%) Private Banking
8 5 (1.39%) Retail
9 4 (1.11%) Electronics
9 4 (1.11%) Games
9 4 (1.11%) Retail Banking
10 3 (0.83%) International Banking
10 3 (0.83%) Telecoms
11 2 (0.55%) Corporate Banking
12 1 (0.28%) Advertising
12 1 (0.28%) French Language
12 1 (0.28%) Law
12 1 (0.28%) Marketing
Job Titles
1 218 (60.39%) Analyst
2 217 (60.11%) Business Analyst
3 104 (28.81%) MiFID Business Analyst
4 94 (26.04%) Project Manager
5 69 (19.11%) Regulatory Business Analyst
6 43 (11.91%) Banking Analyst
7 37 (10.25%) Report Analyst
8 35 (9.70%) Investment Banking Business Analyst
8 35 (9.70%) MiFID Project Manager
9 27 (7.48%) Regulatory Reporting Business Analyst
10 24 (6.65%) IT Analyst
10 24 (6.65%) IT Business Analyst
10 24 (6.65%) Project Analyst
11 23 (6.37%) Business IT Analyst
12 22 (6.09%) Consultant
13 21 (5.82%) Programme Manager
14 20 (5.54%) Business Manager
15 19 (5.26%) Business Project Manager
15 19 (5.26%) Senior Analyst
15 19 (5.26%) Senior Business Analyst
Libraries, Frameworks & Software Standards
1 8 (2.22%) XML
2 6 (1.66%) .NET
2 6 (1.66%) FpML
3 4 (1.11%) ASP.NET
4 3 (0.83%) ASP.NET MVC
4 3 (0.83%) WCF
5 2 (0.55%) .NET Framework
5 2 (0.55%) EJB
5 2 (0.55%) JMS
5 2 (0.55%) REST
5 2 (0.55%) Web Services
6 1 (0.28%) CSS
6 1 (0.28%) FIX Protocol
6 1 (0.28%) HTML
6 1 (0.28%) Middleware
6 1 (0.28%) Silverlight
6 1 (0.28%) Spring
6 1 (0.28%) Twitter Bootstrap
6 1 (0.28%) WPF
6 1 (0.28%) XML Schema
Miscellaneous
1 75 (20.78%) Derivative
2 40 (11.08%) Equities
3 35 (9.70%) Analytical Skills
4 31 (8.59%) Hedge funds
5 30 (8.31%) Foreign Exchange (FX)
6 28 (7.76%) Fixed Income
7 25 (6.93%) Market Risk
8 16 (4.43%) Computer Science
9 8 (2.22%) Equity Derivative
9 8 (2.22%) Statistics
10 7 (1.94%) User Experience
11 6 (1.66%) Reference Data
12 4 (1.11%) Economics
13 3 (0.83%) Management Information System
13 3 (0.83%) SWIFT
14 2 (0.55%) Enterprise Software
14 2 (0.55%) Fintech
14 2 (0.55%) Mathematics
14 2 (0.55%) Reinsurance
15 1 (0.28%) Data Extraction
Operating Systems
1 7 (1.94%) Linux
2 2 (0.55%) Unix
3 1 (0.28%) Solaris
3 1 (0.28%) Windows
Processes & Methodologies
1 86 (23.82%) Business Analysis
2 74 (20.50%) Project Management
3 58 (16.07%) Asset Management
4 50 (13.85%) Stakeholder Management
5 41 (11.36%) SDLC
6 29 (8.03%) GAP Analysis
7 28 (7.76%) Algorithmic Trading
8 26 (7.20%) Change Management
9 25 (6.93%) Agile Software Development
10 20 (5.54%) Investment Management
10 20 (5.54%) PRINCE2
11 16 (4.43%) Data Modelling
11 16 (4.43%) User Acceptance Testing
12 15 (4.16%) Fund Management
12 15 (4.16%) Target Operating Model
13 14 (3.88%) Validation
14 12 (3.32%) Waterfall
15 11 (3.05%) Collateral Management
16 10 (2.77%) Requirements Analysis
16 10 (2.77%) Wealth Management
Programming Languages
1 44 (12.19%) SQL
2 18 (4.99%) Java
3 7 (1.94%) C#
3 7 (1.94%) C++
3 7 (1.94%) Perl
3 7 (1.94%) Python
4 6 (1.66%) Bash Shell
5 3 (0.83%) C
5 3 (0.83%) VB
6 1 (0.28%) JavaScript
6 1 (0.28%) PL/SQL
6 1 (0.28%) Scala
6 1 (0.28%) T-SQL
6 1 (0.28%) VBA
Qualifications
1 29 (8.03%) Degree
2 4 (1.11%) ISEB
3 3 (0.83%) PRINCE2 Certification
4 2 (0.55%) CBAP
4 2 (0.55%) PMI Certification
4 2 (0.55%) PMP
5 1 (0.28%) APMP
5 1 (0.28%) ISTQB
5 1 (0.28%) ISTQB Advanced Certification
Quality Assurance & Compliance
1 148 (41.00%) EMIR
2 111 (30.75%) Dodd-Frank
3 43 (11.91%) AIFMD
4 32 (8.86%) FATCA
5 26 (7.20%) QA
6 12 (3.32%) UCITS
7 9 (2.49%) Solvency II
8 7 (1.94%) Basel II
8 7 (1.94%) CRD IV
9 4 (1.11%) Basel III
10 2 (0.55%) SLA
11 1 (0.28%) ISO20022
Systems Management
1 1 (0.28%) Control-M
1 1 (0.28%) HP Quality Center
Vendors
1 25 (6.93%) Calypso
2 24 (6.65%) Murex
3 13 (3.60%) Oracle
4 12 (3.32%) Microsoft
5 4 (1.11%) Fidessa
6 3 (0.83%) Avaloq
6 3 (0.83%) Temenos
7 2 (0.55%) Bloomberg
8 1 (0.28%) FactSet
8 1 (0.28%) Informatica
8 1 (0.28%) ION Trading
8 1 (0.28%) OpenLink
8 1 (0.28%) Reuters
8 1 (0.28%) Sencha
8 1 (0.28%) SimCorp
8 1 (0.28%) Sophis
London
Energon People
Rate: £500 - £650 per annum
Posted: 13 hours ago
London
Aston Carter
Rate: £500 - £550 per day
Posted: 2 days ago
London
TEKsystems
Rate: £600 - £650 per day
Posted: 3 days ago
London
Huxley
Rate: £550 - £650 per day
Posted: 3 days ago
London, England
Axiom Software Solutions
Rate: 225 GBPpd
Posted: 3 days ago
London
TEKsystems
Rate: £650 - £750 per day
Posted: 4 days ago
City of London
iKas International
Posted: 12 days ago
London
Hays London City Cheapside
Rate: £650.00 - £750.00 per day
Posted: 14 days ago
London
Hays London City Cheapside
Rate: £450.00 - £550.00 per day
Posted: 14 days ago
City of London
iKas International
Posted: 16 days ago