London MiFID Contracts

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.

Markets in Financial Instruments Directive (MiFID)
Location Canary Wharf Channel Islands City of London Docklands, London England Jersey London UK	3 months to 8 Jul 2008	Same period last year
Rank	377	204
Rank change on same period last year	-173
Matching contract IT job ads	22	373
As % of all UK contract IT job ads sampled	0.029 %	0.390 %
As % of the category below	1.784 %	16.87 %
Daily rates quoted	12	223
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 quoted	0	3
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 London
Matching contract IT job ads	1233	2211
As % of all UK contract IT job ads sampled	1.626 %	2.312 %
Daily rates quoted	518	973
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 quoted	77	104
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 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.

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.

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.

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.

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.

Location	Rank 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 London	-117	9	£546	-4.57 %
Canary Wharf	+2	1	-	-
Docklands, London	-5	1	-	-

MiFID 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.

1 35 (52.24 %) Banking 2 32 (47.76 %) Finance 3 18 (26.87 %) Investment Banking 4 16 (23.88 %) Sarbanes-Oxley 5 14 (20.90 %) Unix 6 13 (19.40 %) Back Office 7 12 (17.91 %) Derivative 7 12 (17.91 %) Basel II 8 11 (16.42 %) Reference Data 9 10 (14.93 %) Java 9 10 (14.93 %) SQL 10 9 (13.43 %) Project Management 10 9 (13.43 %) Business Analysis 11 8 (11.94 %) Workflow 11 8 (11.94 %) Linux

12 7 (10.45 %) Solaris 12 7 (10.45 %) Equities 13 6 (8.955 %) Front Office 13 6 (8.955 %) Migration 13 6 (8.955 %) Stakeholder Management 13 6 (8.955 %) Equity Derivative 13 6 (8.955 %) Windows 13 6 (8.955 %) Data Migration 14 5 (7.463 %) Perl 14 5 (7.463 %) C++ 14 5 (7.463 %) TIBCO 14 5 (7.463 %) Change Management 15 4 (5.970 %) Risk Management 15 4 (5.970 %) CIMA 15 4 (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 1 4 (5.970 %) XML 2 2 (2.985 %) ASP 2 2 (2.985 %) JDBC 2 2 (2.985 %) Servlets 2 2 (2.985 %) Struts 2 2 (2.985 %) XML Schema 3 1 (1.493 %) J2SE 3 1 (1.493 %) J2EE 3 1 (1.493 %) ODBC 3 1 (1.493 %) Spring 3 1 (1.493 %) FIX Protocol 3 1 (1.493 %) Hibernate	Application Platforms 1 1 (1.493 %) MS Exchange
Business Applications 1 4 (5.970 %) RMDS 2 2 (2.985 %) SAP HR	Communications & Networking 1 3 (4.478 %) Intranet
Database & Business Intelligence 1 11 (16.42 %) Reference Data 2 4 (5.970 %) SQL Server 3 2 (2.985 %) PostgreSQL 3 2 (2.985 %) MySQL 3 2 (2.985 %) Datawarehouse 3 2 (2.985 %) Informix 4 1 (1.493 %) Oracle 9i 4 1 (1.493 %) PowerCenter	Development Applications 1 1 (1.493 %) PowerBuilder
General 1 35 (52.24 %) Banking 2 32 (47.76 %) Finance 3 18 (26.87 %) Investment Banking 4 13 (19.40 %) Back Office 5 6 (8.955 %) Front Office 6 4 (5.970 %) International Banking 7 3 (4.478 %) Corporate Banking 8 2 (2.985 %) Financial Institution 8 2 (2.985 %) Education 9 1 (1.493 %) Private Banking 9 1 (1.493 %) Retail	Job Titles 1 33 (49.25 %) Analyst 2 25 (37.31 %) Business Analyst 3 12 (17.91 %) Developer 4 7 (10.45 %) Project Manager 5 5 (7.463 %) Banking Business Analyst 6 4 (5.970 %) Data Analyst 6 4 (5.970 %) Java Developer 6 4 (5.970 %) Investment Banking Business Analyst 6 4 (5.970 %) Coordinator 7 3 (4.478 %) Consultant 7 3 (4.478 %) Integration Analyst 7 3 (4.478 %) C++ Developer 8 2 (2.985 %) Project Coordinator 8 2 (2.985 %) Fidessa Developer 8 2 (2.985 %) QA Manager 8 2 (2.985 %) Compliance Manager 8 2 (2.985 %) Auditor 8 2 (2.985 %) Analyst Programmer 8 2 (2.985 %) Programmer 8 2 (2.985 %) Support Analyst
Miscellaneous 1 12 (17.91 %) Derivative 2 7 (10.45 %) Equities 3 6 (8.955 %) Equity Derivative 4 4 (5.970 %) Data Integration 5 3 (4.478 %) Foreign Exchange (FX) 6 2 (2.985 %) Fixed Income 7 1 (1.493 %) Interest Rate Derivative 7 1 (1.493 %) Fund Management 7 1 (1.493 %) Asset Management 7 1 (1.493 %) Credit Derivative 7 1 (1.493 %) Multithreading	Operating Systems 1 14 (20.90 %) Unix 2 8 (11.94 %) Linux 3 7 (10.45 %) Solaris 4 6 (8.955 %) Windows 5 2 (2.985 %) Windows XP 6 1 (1.493 %) Windows NT
Processes & Methodologies 1 9 (13.43 %) Project Management 1 9 (13.43 %) Business Analysis 2 8 (11.94 %) Workflow 3 6 (8.955 %) Migration 3 6 (8.955 %) Stakeholder Management 3 6 (8.955 %) Data Migration 4 5 (7.463 %) Change Management 5 4 (5.970 %) Risk Management 5 4 (5.970 %) Data Protection 6 3 (4.478 %) User Acceptance Testing 6 3 (4.478 %) Algorithmic Trading 6 3 (4.478 %) Project Planning 7 2 (2.985 %) Process Management 7 2 (2.985 %) Web Development 7 2 (2.985 %) Business Development 7 2 (2.985 %) IT Governance 7 2 (2.985 %) Data Analysis 7 2 (2.985 %) PRINCE2 7 2 (2.985 %) UML 7 2 (2.985 %) OO	Programming Languages 1 10 (14.93 %) Java 1 10 (14.93 %) SQL 2 5 (7.463 %) Perl 2 5 (7.463 %) C++ 3 3 (4.478 %) Shell Script 4 2 (2.985 %) VBA 5 1 (1.493 %) PL/SQL 5 1 (1.493 %) Transact-SQL 5 1 (1.493 %) VB 5 1 (1.493 %) Tcl
Qualifications 1 4 (5.970 %) CIMA 1 4 (5.970 %) ACCA 2 2 (2.985 %) Degree	Quality Assurance & Compliance 1 16 (23.88 %) Sarbanes-Oxley 2 12 (17.91 %) Basel II 3 4 (5.970 %) QA
Vendors 1 5 (7.463 %) TIBCO 2 4 (5.970 %) Sybase 3 3 (4.478 %) Sun 3 3 (4.478 %) Fidessa 4 2 (2.985 %) Informatica 4 2 (2.985 %) SAP 4 2 (2.985 %) Microsoft 5 1 (1.493 %) Trillium 5 1 (1.493 %) Oracle 5 1 (1.493 %) Murex 5 1 (1.493 %) Reuters 5 1 (1.493 %) Bloomberg