The table below looks at the statistics for MiFID skills in IT contracts advertised for the London region. Included is a guide to the contractor rates offered in IT contracts that have cited MiFID over the 3 months to 27 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
27 May 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 321 359 392
Rank change year-on-year
+38 +33
Contract jobs citing MiFID 110 64 29
As % of all contract IT jobs located in London 0.50% 0.29% 0.13%
As % of the Quality Assurance & Compliance category 5.55% 3.13% 1.33%
Number of daily rates quoted 80 53 23
Median daily rate £550 £625 £550
Median daily rate % change year-on-year
-12.00% +13.63%
90% offered a daily rate of more than £324 £550 £415
10% offered a daily rate of more than £678 £750 £675
UK excluding London median daily rate £513 £400 £650
% change year-on-year
+28.12% -38.46%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
1981 2048 2183
As % of all contract IT jobs located in London 8.98% 9.19% 9.62%
Number of daily rates quoted 1388 1450 1557
Median daily rate £475 £475 £450
Median daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £650 £625 £625
UK excluding London median daily rate £400 £375 £363
% change year-on-year
+6.66% +3.44%
Number of hourly rates quoted 24 25 25
Median hourly rate £22.50 £20.00 £22.75
Median hourly rate % change year-on-year
+12.50% -12.08%
90% offered a hourly rate of more than £14.00 £13.40 £14.80
10% offered a hourly rate of more than £41.25 £165.00 £75.00
UK excluding London median hourly rate £28.25 £22.75 £21.00
% change year-on-year
+24.17% +8.33%

MiFID
Jobs Demand Trend in London

The demand trend of contract jobs across the 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 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 27 May 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 median contractor rates quoted in IT jobs citing MiFID within the London region over the 3 months to 27 May 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +43 23 £600 -7.69% 17
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 27 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 London region with a requirement for MiFID.

1 136 (54.84%) Banking
2 114 (45.97%) Finance
3 82 (33.06%) Investment Banking
4 81 (32.66%) EMIR
5 68 (27.42%) Dodd-Frank
6 56 (22.58%) Front Office
7 48 (19.35%) Business Analysis
8 45 (18.15%) Asset Management
8 45 (18.15%) Project Management
9 43 (17.34%) Stakeholder Management
10 42 (16.94%) Derivative
11 34 (13.71%) SDLC
12 30 (12.10%) Agile Software Development
13 28 (11.29%) Equities
13 28 (11.29%) SQL
14 24 (9.68%) Analytical Skills
15 23 (9.27%) Fixed Income
15 23 (9.27%) Back Office
16 22 (8.87%) AIFMD
16 22 (8.87%) Hedge funds
17 20 (8.06%) FATCA
18 19 (7.66%) GAP Analysis
18 19 (7.66%) User Acceptance Testing
19 18 (7.26%) Degree
20 17 (6.85%) Investment Management
21 16 (6.45%) Change Management
21 16 (6.45%) Foreign Exchange (FX)
22 15 (6.05%) Oracle
22 15 (6.05%) Legal
23 14 (5.65%) XML

MiFID
Top Related IT Skills in 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:

Application Platforms
1 7 (2.82%) Skype for Business
2 2 (0.81%) SharePoint
Applications
1 8 (3.23%) MS Office
1 8 (3.23%) MS PowerPoint
2 6 (2.42%) MS Excel
3 5 (2.02%) MS Visio
4 1 (0.40%) MS Project
Business Applications
1 12 (4.84%) Summit
2 2 (0.81%) ION MarketView
3 1 (0.40%) Eagle PACE
3 1 (0.40%) Markit EDM
3 1 (0.40%) Oracle Procure-to-Pay
3 1 (0.40%) Temenos T24
Communications & Networking
1 6 (2.42%) PBX
2 3 (1.21%) HTTP
3 2 (0.81%) HTTPS
4 1 (0.40%) Firewall
4 1 (0.40%) Multicast
4 1 (0.40%) SNMP
4 1 (0.40%) TCP/IP
Database & Business Intelligence
1 7 (2.82%) SQL Server
2 6 (2.42%) Data Warehouse
3 3 (1.21%) Oracle Reports
3 3 (1.21%) QlikView
3 3 (1.21%) SQL Server 2008
4 2 (0.81%) SQL Server 2012
5 1 (0.40%) Big Data
5 1 (0.40%) BusinessObjects
5 1 (0.40%) Crystal Reports
5 1 (0.40%) NoSQL
5 1 (0.40%) OLTP
5 1 (0.40%) RDBMS
5 1 (0.40%) Relational Database
5 1 (0.40%) SQL Server Integration Services
5 1 (0.40%) SQL Server Reporting Services
Development Applications
1 4 (1.61%) Visual Studio Tools for Office
2 2 (0.81%) Cucumber
2 2 (0.81%) Selenium
2 2 (0.81%) Subversion
2 2 (0.81%) Team Foundation Server
3 1 (0.40%) MSTest
3 1 (0.40%) NUnit
3 1 (0.40%) TeamCity
3 1 (0.40%) Visual Studio
General
1 136 (54.84%) Banking
2 114 (45.97%) Finance
3 82 (33.06%) Investment Banking
4 56 (22.58%) Front Office
5 23 (9.27%) Back Office
6 15 (6.05%) Legal
7 9 (3.63%) Retail
8 5 (2.02%) Private Banking
8 5 (2.02%) Retail Banking
9 4 (1.61%) Electronics
9 4 (1.61%) French Language
10 3 (1.21%) Financial Institution
10 3 (1.21%) Marketing
11 2 (0.81%) International Banking
11 2 (0.81%) Wholesale Banking
12 1 (0.40%) Advertising
12 1 (0.40%) Pharmaceutical
Job Titles
1 143 (57.66%) Analyst
2 131 (52.82%) Business Analyst
3 61 (24.60%) MiFID Business Analyst
4 55 (22.18%) Project Manager
5 48 (19.35%) Regulatory Business Analyst
6 30 (12.10%) Banking Analyst
7 26 (10.48%) Report Analyst
8 21 (8.47%) MiFID Project Manager
9 20 (8.06%) Business IT Analyst
9 20 (8.06%) IT Analyst
9 20 (8.06%) IT Business Analyst
9 20 (8.06%) Programme Manager
9 20 (8.06%) Regulatory Reporting Business Analyst
10 17 (6.85%) Project Analyst
11 15 (6.05%) Senior Business Analyst
12 14 (5.65%) Investment Banking Business Analyst
12 14 (5.65%) Senior Analyst
13 13 (5.24%) MiFID Programme Manager
14 12 (4.84%) Banking Business Analyst
14 12 (4.84%) Developer
Libraries, Frameworks & Software Standards
1 14 (5.65%) XML
2 13 (5.24%) .NET
3 9 (3.63%) Web Services
4 5 (2.02%) FIXML
4 5 (2.02%) WPF
5 4 (1.61%) .NET Framework
5 4 (1.61%) ASP.NET
5 4 (1.61%) ASP.NET MVC
5 4 (1.61%) OOXML
5 4 (1.61%) WinForms
6 3 (1.21%) FIX Protocol
6 3 (1.21%) FpML
6 3 (1.21%) WCF
7 2 (0.81%) AngularJS
7 2 (0.81%) HTML
7 2 (0.81%) Middleware
8 1 (0.40%) ASP.NET MVC 4
8 1 (0.40%) KnockoutJS
8 1 (0.40%) Spring Integration
8 1 (0.40%) Twitter Bootstrap
Miscellaneous
1 42 (16.94%) Derivative
2 28 (11.29%) Equities
3 24 (9.68%) Analytical Skills
4 23 (9.27%) Fixed Income
5 22 (8.87%) Hedge funds
6 16 (6.45%) Foreign Exchange (FX)
7 14 (5.65%) Computer Science
7 14 (5.65%) Market Risk
8 12 (4.84%) Equity Derivative
9 9 (3.63%) Management Information System
10 6 (2.42%) Economics
11 5 (2.02%) SWIFT
12 4 (1.61%) OTC Derivatives
13 3 (1.21%) Fintech
13 3 (1.21%) Reference Data
13 3 (1.21%) Statistics
14 2 (0.81%) Data Integration
15 1 (0.40%) Data Centre
15 1 (0.40%) Data Extraction
15 1 (0.40%) Enterprise Software
Operating Systems
1 6 (2.42%) Windows
2 5 (2.02%) Linux
2 5 (2.02%) Unix
3 3 (1.21%) Windows 7
4 2 (0.81%) Solaris
5 1 (0.40%) AIX
5 1 (0.40%) Oracle Linux
5 1 (0.40%) Red Hat Enterprise Linux
Processes & Methodologies
1 48 (19.35%) Business Analysis
2 45 (18.15%) Asset Management
2 45 (18.15%) Project Management
3 43 (17.34%) Stakeholder Management
4 34 (13.71%) SDLC
5 30 (12.10%) Agile Software Development
6 19 (7.66%) GAP Analysis
6 19 (7.66%) User Acceptance Testing
7 17 (6.85%) Investment Management
8 16 (6.45%) Change Management
9 14 (5.65%) Algorithmic Trading
10 13 (5.24%) PRINCE2
10 13 (5.24%) Stakeholder Engagement
11 12 (4.84%) Electronic Trading
12 10 (4.03%) Data Management
13 9 (3.63%) Data Analysis
13 9 (3.63%) Data Modelling
13 9 (3.63%) Target Operating Model
14 8 (3.23%) Continuous Integration
14 8 (3.23%) MVC
Programming Languages
1 28 (11.29%) SQL
2 13 (5.24%) C#
3 12 (4.84%) Java
4 5 (2.02%) Perl
4 5 (2.02%) Python
5 4 (1.61%) C++
5 4 (1.61%) VBA
6 3 (1.21%) Bash Shell
7 2 (0.81%) C
7 2 (0.81%) JavaScript
7 2 (0.81%) PL/SQL
7 2 (0.81%) VB
8 1 (0.40%) Ruby
8 1 (0.40%) Scala
Qualifications
1 18 (7.26%) Degree
2 1 (0.40%) ISEB
2 1 (0.40%) ISTQB
2 1 (0.40%) MBA
2 1 (0.40%) PRINCE2 Certification
Quality Assurance & Compliance
1 81 (32.66%) EMIR
2 68 (27.42%) Dodd-Frank
3 22 (8.87%) AIFMD
4 20 (8.06%) FATCA
5 14 (5.65%) QA
6 13 (5.24%) UCITS
7 3 (1.21%) Basel II
7 3 (1.21%) Basel III
7 3 (1.21%) CRD IV
8 2 (0.81%) BS25999
8 2 (0.81%) COBIT
8 2 (0.81%) COSO
8 2 (0.81%) ISO/IEC 27001
8 2 (0.81%) Solvency II
9 1 (0.40%) Data Quality
9 1 (0.40%) ISO20022
9 1 (0.40%) SLA
System Software
1 1 (0.40%) Veritas Cluster Server
1 1 (0.40%) VMware Infrastructure
Systems Management
1 1 (0.40%) Control-M
1 1 (0.40%) HP Quality Center
Vendors
1 15 (6.05%) Oracle
2 13 (5.24%) Calypso
3 12 (4.84%) Murex
4 11 (4.44%) Microsoft
5 5 (2.02%) Bloomberg
6 4 (1.61%) ION Trading
7 3 (1.21%) Avaloq
7 3 (1.21%) Fidessa
7 3 (1.21%) Sophis
7 3 (1.21%) Temenos
8 2 (0.81%) Sybase
9 1 (0.40%) Alias
9 1 (0.40%) Cisco
9 1 (0.40%) HP
9 1 (0.40%) Informatica
9 1 (0.40%) Red Hat
9 1 (0.40%) Reuters
9 1 (0.40%) SunGard
9 1 (0.40%) Veritas
9 1 (0.40%) VMware
City, London
Square One Resources
Rate: Up to £360 per day
Posted: 3 days ago
City, London
Hatstand Limited
Rate: £550 - £650 per day
Posted: Yesterday
City, London
TEKsystems
Rate: £425 - £525 per day
Posted: 3 days ago
City, London
McGregor Boyall
Rate: £600 - £650 per day
Posted: 6 days ago
London
Westbourne Partners
Rate: From £400 to £600 per day
Posted: 8 hours ago
City, London
McGregor Boyall
Rate: £650 - £700 per day
Posted: 3 days ago
London
iKas International
Rate: £500 - £600 per day
Posted: 2 days ago