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 29 August 2014 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
29 Aug 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 389 392 393
Rank change year-on-year
+3 +1
Contract jobs citing MiFID 25 39 14
As % of all contract IT jobs located in London 0.10% 0.16% 0.054%
As % of the Quality Assurance & Compliance category 1.31% 1.90% 0.66%
Number of daily rates quoted 23 32 10
Average daily rate
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of your Daily Rate
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£600 £738 £525
Average daily rate % change year-on-year
-18.64% +40.47%
90% offered a daily rate of more than £477 £600 £500
10% offered a daily rate of more than £743 £850 £700
UK excluding London average daily rate £110 £950 -
% change year-on-year
-88.42% -
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
1904 2058 2128
As % of all contract IT jobs located in London 7.83% 8.23% 8.17%
Number of daily rates quoted 1304 1442 1460
Average daily rate £449 £475 £475
Average daily rate % change year-on-year
-5.52% -
90% offered a daily rate of more than £275 £300 £300
10% offered a daily rate of more than £600 £650 £650
UK excluding London average daily rate £375 £360 £360
% change year-on-year
+4.16% -
Number of hourly rates quoted 26 26 48
Average hourly rate £18.50 £20.50 £18.00
Average hourly rate % change year-on-year
-9.75% +13.88%
90% offered a hourly rate of more than £13.19 £13.13 £12.50
10% offered a hourly rate of more than £96.25 £66.25 £50.02
UK excluding London average hourly rate £19.75 £17.50 £21.25
% change year-on-year
+12.85% -17.64%

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 29 August 2014.

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
Top 30 Related IT Skills in London

For the 6 months to 29 August 2014, 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 36 (69.23%) EMIR
2 35 (67.31%) Banking
3 24 (46.15%) Finance
4 21 (40.38%) Investment Banking
5 20 (38.46%) Dodd-Frank
6 11 (21.15%) Business Analysis
6 11 (21.15%) Derivative
7 10 (19.23%) Risk Management
8 9 (17.31%) Brady
8 9 (17.31%) OpenLink
8 9 (17.31%) Endur
8 9 (17.31%) SQL
8 9 (17.31%) SAP
8 9 (17.31%) Murex
8 9 (17.31%) ERP
8 9 (17.31%) Dynamics NAV
8 9 (17.31%) Dynamics AX
8 9 (17.31%) ZaiNet
8 9 (17.31%) SAP Oil and Gas
8 9 (17.31%) ETRM
8 9 (17.31%) Triple Point
8 9 (17.31%) OpenLink RightAngle
8 9 (17.31%) Aligne
9 7 (13.46%) FATCA
9 7 (13.46%) Project Management
9 7 (13.46%) Foreign Exchange (FX)
9 7 (13.46%) Stakeholder Management
10 6 (11.54%) Back Office
10 6 (11.54%) PRINCE2
10 6 (11.54%) SQL Server

MiFID
Top Related IT Skills in London by Category

For the 6 months to 29 August 2014, 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 Platforms
1 1 (1.92%) SAS
Applications
1 2 (3.85%) MS PowerPoint
Business Applications
1 9 (17.31%) Endur
1 9 (17.31%) Dynamics NAV
1 9 (17.31%) Dynamics AX
1 9 (17.31%) ZaiNet
1 9 (17.31%) SAP Oil and Gas
1 9 (17.31%) OpenLink RightAngle
1 9 (17.31%) Aligne
Database & Business Intelligence
1 6 (11.54%) SQL Server
Development Applications
1 2 (3.85%) Toad
General
1 35 (67.31%) Banking
2 24 (46.15%) Finance
3 21 (40.38%) Investment Banking
4 6 (11.54%) Back Office
5 2 (3.85%) Legal
5 2 (3.85%) Front Office
6 1 (1.92%) Financial Institution
6 1 (1.92%) Manufacturing
6 1 (1.92%) Corporate Banking
6 1 (1.92%) French Language
Job Titles
1 31 (59.62%) Analyst
2 29 (55.77%) Business Analyst
3 15 (28.85%) Project Manager
4 5 (9.62%) Consultant
4 5 (9.62%) Banking Business Analyst
5 3 (5.77%) Architect
6 2 (3.85%) MiFID Consultant
6 2 (3.85%) Investment Banking Business Analyst
6 2 (3.85%) Middle Office Analyst
6 2 (3.85%) Compliance Analyst
6 2 (3.85%) Compliance Consultant
6 2 (3.85%) FX Business Analyst
6 2 (3.85%) Technical Business Analyst
6 2 (3.85%) Business Manager
6 2 (3.85%) Business Project Manager
6 2 (3.85%) Senior Manager
6 2 (3.85%) Senior Business Analyst
6 2 (3.85%) Senior Analyst
6 2 (3.85%) Data Analyst
6 2 (3.85%) Senior Project Manager
Libraries, Frameworks & Software Standards
1 1 (1.92%) .NET
1 1 (1.92%) .NET Framework
Miscellaneous
1 11 (21.15%) Derivative
2 7 (13.46%) Foreign Exchange (FX)
3 3 (5.77%) Reference Data
3 3 (5.77%) Hedge funds
4 2 (3.85%) Fixed Income
4 2 (3.85%) Equities
5 1 (1.92%) Credit Derivative
5 1 (1.92%) PMI
Processes & Methodologies
1 11 (21.15%) Business Analysis
2 10 (19.23%) Risk Management
3 9 (17.31%) ERP
3 9 (17.31%) ETRM
4 7 (13.46%) Project Management
4 7 (13.46%) Stakeholder Management
5 6 (11.54%) PRINCE2
6 5 (9.62%) Migration
6 5 (9.62%) Change Management
7 4 (7.69%) Wealth Management
7 4 (7.69%) Data Migration
7 4 (7.69%) Asset Management
7 4 (7.69%) Agile Software Development
8 3 (5.77%) Data Modelling
8 3 (5.77%) Use Case
8 3 (5.77%) Stakeholder Engagement
9 2 (3.85%) Decision Table
9 2 (3.85%) Technical Analysis
9 2 (3.85%) Time Management
9 2 (3.85%) Data Analysis
Programming Languages
1 9 (17.31%) SQL
2 1 (1.92%) VBA
Qualifications
1 5 (9.62%) ISEB
2 3 (5.77%) PRINCE2 Certification
3 2 (3.85%) PMI Certification
4 1 (1.92%) PMP
4 1 (1.92%) Degree
4 1 (1.92%) IIBA
4 1 (1.92%) CBAP
Quality Assurance & Compliance
1 36 (69.23%) EMIR
2 20 (38.46%) Dodd-Frank
3 7 (13.46%) FATCA
4 2 (3.85%) Basel III
5 1 (1.92%) Sarbanes-Oxley
5 1 (1.92%) Basel II
5 1 (1.92%) CRD IV
Vendors
1 9 (17.31%) Brady
1 9 (17.31%) OpenLink
1 9 (17.31%) SAP
1 9 (17.31%) Murex
1 9 (17.31%) Triple Point
2 1 (1.92%) GoldenSource
2 1 (1.92%) Informatica
2 1 (1.92%) Business Objects
2 1 (1.92%) Pega
City of London
Huxley Associates
Rate: £600 - £750 per day + competitive
Posted: 7 days ago
City of London
Orgtel
Rate: £525 - £585 per day
Posted: 8 days ago
London
Interquest - ITQ Financial - Tunbridge Wells
Rate: £550 - £600 per day
Posted: 14 days ago
London
Hays IT - Uk Posting account
Rate: £400.00 - £450.00 per day
Posted: 15 days ago
City of London
Huxley Associates
Rate: £550 - £650 per day + competitive
Posted: 16 days ago