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This section looks at the demand for Markets in Financial Instruments Directive (MiFID) skills within the London region with a comparison to our Quality Assurance & Compliance category. Included is a guide to the contractor rates offered in IT job ads that have cited MiFID over the 3 months to 8 July 2008 with a comparison to the same period last year.

LinkMarkets in Financial Instruments Directive (MiFID)
Location
3 months to 8 Jul 2008Same period last year
Rank377204
Rank change on same period last yearDown-173
Matching contract IT job ads22373
As % of all UK contract IT job ads sampled0.029 %0.390 %
As % of the category below1.784 %16.87 %
Daily rates quoted12223
Average minimum daily rate£456£523
Average daily rate£515£566
% change on same period last year-9.07 %
Average maximum daily rate£573£609
UK excluding London average daily rate-£488
% change on same period last year-
Hourly rates quoted03
Average minimum hourly rate-£37.50
Average hourly rate-£49.58
% change on same period last year-
Average maximum hourly rate-£61.67
UK excluding London average hourly rate--
% change on same period last year-
Quality Assurance & Compliance LondonQuality Assurance & Compliance
London
Matching contract IT job ads12332211
As % of all UK contract IT job ads sampled1.626 %2.312 %
Daily rates quoted518973
Average minimum daily rate£397£415
Average daily rate£429£444
% change on same period last year-3.42 %
Average maximum daily rate£461£473
UK excluding London average daily rate£370£376
% change on same period last year-1.57 %
Hourly rates quoted77104
Average minimum hourly rate£26.29£25.34
Average hourly rate£28.57£27.28
% change on same period last year+4.70 %
Average maximum hourly rate£30.85£29.23
UK excluding London average hourly rate£23.38£24.60
% change on same period last year-4.93 %
MiFID EnglandMiFID
England

We calculate average IT contractor rates directly from the figures quoted and do not attempt to derive hourly rates from daily rates or vice versa.

MiFID
Demand Trend

The chart provides a 3-month moving total beginning in 2004 of IT contractor jobs citing MiFID across the London region as a proportion of the total demand within the Quality Assurance & Compliance category.

London MiFID Demand Trend

MiFID
Daily Rate Trend

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

London MiFID Daily Rate Trend

MiFID
Daily Rate Histogram

The chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID across the London region over the 3 months to 8 July 2008.

London MiFID Daily Rate Histogram

MiFID
Hourly Rate Trend

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

London MiFID Hourly Rate Trend

MiFID
Contract Locations

This section looks at the demand and provides a guide to the average contractor rates quoted in IT job ads citing MiFID within the London region over the 3 months to 8 July 2008. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year. A positive number indicates a relative increase in demand.

LocationRank Change
on Same Period
Last Last
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
City of LondonDown-1179£546-4.57 %
Canary WharfUp+21--
Docklands, LondonDown-51--
MiFID EnglandMiFID
England

MiFID
Top 30 Related IT Skills

For the 6 months to 8 July 2008, 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.

135 (52.24 %)Banking
232 (47.76 %)Finance
318 (26.87 %)Investment Banking
416 (23.88 %)Sarbanes-Oxley
514 (20.90 %)Unix
613 (19.40 %)Back Office
712 (17.91 %)Derivative
712 (17.91 %)Basel II
811 (16.42 %)Reference Data
910 (14.93 %)Java
910 (14.93 %)SQL
109 (13.43 %)Project Management
109 (13.43 %)Business Analysis
118 (11.94 %)Workflow
118 (11.94 %)Linux
127 (10.45 %)Solaris
127 (10.45 %)Equities
136 (8.955 %)Front Office
136 (8.955 %)Migration
136 (8.955 %)Stakeholder Management
136 (8.955 %)Equity Derivative
136 (8.955 %)Windows
136 (8.955 %)Data Migration
145 (7.463 %)Perl
145 (7.463 %)C++
145 (7.463 %)TIBCO
145 (7.463 %)Change Management
154 (5.970 %)Risk Management
154 (5.970 %)CIMA
154 (5.970 %)International Banking

MiFID
Top Related IT Skills by Category

For the 6 months to 8 July 2008, 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.

Application Development
14 (5.970 %)XML
22 (2.985 %)ASP
22 (2.985 %)JDBC
22 (2.985 %)Servlets
22 (2.985 %)Struts
22 (2.985 %)XML Schema
31 (1.493 %)J2SE
31 (1.493 %)J2EE
31 (1.493 %)ODBC
31 (1.493 %)Spring
31 (1.493 %)FIX Protocol
31 (1.493 %)Hibernate
Application Platforms
11 (1.493 %)MS Exchange
Business Applications
14 (5.970 %)RMDS
22 (2.985 %)SAP HR
Communications & Networking
13 (4.478 %)Intranet
Database & Business Intelligence
111 (16.42 %)Reference Data
24 (5.970 %)SQL Server
32 (2.985 %)PostgreSQL
32 (2.985 %)MySQL
32 (2.985 %)Datawarehouse
32 (2.985 %)Informix
41 (1.493 %)Oracle 9i
41 (1.493 %)PowerCenter
Development Applications
11 (1.493 %)PowerBuilder
General
135 (52.24 %)Banking
232 (47.76 %)Finance
318 (26.87 %)Investment Banking
413 (19.40 %)Back Office
56 (8.955 %)Front Office
64 (5.970 %)International Banking
73 (4.478 %)Corporate Banking
82 (2.985 %)Financial Institution
82 (2.985 %)Education
91 (1.493 %)Private Banking
91 (1.493 %)Retail
Job Titles
133 (49.25 %)Analyst
225 (37.31 %)Business Analyst
312 (17.91 %)Developer
47 (10.45 %)Project Manager
55 (7.463 %)Banking Business Analyst
64 (5.970 %)Data Analyst
64 (5.970 %)Java Developer
64 (5.970 %)Investment Banking Business Analyst
64 (5.970 %)Coordinator
73 (4.478 %)Consultant
73 (4.478 %)Integration Analyst
73 (4.478 %)C++ Developer
82 (2.985 %)Project Coordinator
82 (2.985 %)Fidessa Developer
82 (2.985 %)QA Manager
82 (2.985 %)Compliance Manager
82 (2.985 %)Auditor
82 (2.985 %)Analyst Programmer
82 (2.985 %)Programmer
82 (2.985 %)Support Analyst
Miscellaneous
112 (17.91 %)Derivative
27 (10.45 %)Equities
36 (8.955 %)Equity Derivative
44 (5.970 %)Data Integration
53 (4.478 %)Foreign Exchange (FX)
62 (2.985 %)Fixed Income
71 (1.493 %)Interest Rate Derivative
71 (1.493 %)Fund Management
71 (1.493 %)Asset Management
71 (1.493 %)Credit Derivative
71 (1.493 %)Multithreading
Operating Systems
114 (20.90 %)Unix
28 (11.94 %)Linux
37 (10.45 %)Solaris
46 (8.955 %)Windows
52 (2.985 %)Windows XP
61 (1.493 %)Windows NT
Processes & Methodologies
19 (13.43 %)Project Management
19 (13.43 %)Business Analysis
28 (11.94 %)Workflow
36 (8.955 %)Migration
36 (8.955 %)Stakeholder Management
36 (8.955 %)Data Migration
45 (7.463 %)Change Management
54 (5.970 %)Risk Management
54 (5.970 %)Data Protection
63 (4.478 %)User Acceptance Testing
63 (4.478 %)Algorithmic Trading
63 (4.478 %)Project Planning
72 (2.985 %)Process Management
72 (2.985 %)Web Development
72 (2.985 %)Business Development
72 (2.985 %)IT Governance
72 (2.985 %)Data Analysis
72 (2.985 %)PRINCE2
72 (2.985 %)UML
72 (2.985 %)OO
Programming Languages
110 (14.93 %)Java
110 (14.93 %)SQL
25 (7.463 %)Perl
25 (7.463 %)C++
33 (4.478 %)Shell Script
42 (2.985 %)VBA
51 (1.493 %)PL/SQL
51 (1.493 %)Transact-SQL
51 (1.493 %)VB
51 (1.493 %)Tcl
Qualifications
14 (5.970 %)CIMA
14 (5.970 %)ACCA
22 (2.985 %)Degree
Quality Assurance & Compliance
116 (23.88 %)Sarbanes-Oxley
212 (17.91 %)Basel II
34 (5.970 %)QA
Vendors
15 (7.463 %)TIBCO
24 (5.970 %)Sybase
33 (4.478 %)Sun
33 (4.478 %)Fidessa
42 (2.985 %)Informatica
42 (2.985 %)SAP
42 (2.985 %)Microsoft
51 (1.493 %)Trillium
51 (1.493 %)Oracle
51 (1.493 %)Murex
51 (1.493 %)Reuters
51 (1.493 %)Bloomberg
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