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 10 December 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
10 Dec 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 202 218 396
Rank change year-on-year
+16 +178
Contract jobs citing MiFID 248 225 25
As % of all contract IT jobs located in London 1.15% 1.00% 0.11%
As % of the Quality Assurance & Compliance category 11.47% 9.82% 1.10%
Number of daily rates quoted 195 130 22
Median daily rate £575 £600 £588
Median daily rate % change year-on-year
-4.16% +2.12%
90% offered a daily rate of more than £475 £500 £528
10% offered a daily rate of more than £700 £703 £673
UK excluding London median daily rate £500 £600 £400
% change year-on-year
-16.66% +50.00%
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
2162 2292 2269
As % of all contract IT jobs located in London 10.07% 10.20% 9.66%
Number of daily rates quoted 1505 1513 1628
Median daily rate £475 £475 £450
Median daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £303 £300 £270
10% offered a daily rate of more than £650 £631 £613
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 40 26 38
Median hourly rate £18.94 £22.25 £23.00
Median hourly rate % change year-on-year
-14.89% -3.26%
90% offered a hourly rate of more than £10.33 £13.00 £14.40
10% offered a hourly rate of more than £43.80 £55.00 £48.00
UK excluding London median hourly rate £21.50 £25.00 £21.99
% change year-on-year
-14.00% +13.67%

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 10 December 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 10 December 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 -7 47 £625 +6.38% 9
Canary Wharf - 8 £538 -
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 10 December 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.

1 187 (49.08%) Finance
2 143 (37.53%) Banking
3 114 (29.92%) Front Office
4 109 (28.61%) Business Analysis
5 92 (24.15%) Investment Banking
6 87 (22.83%) EMIR
7 83 (21.78%) Equities
8 82 (21.52%) Derivative
9 68 (17.85%) Project Management
10 65 (17.06%) Stakeholder Management
11 64 (16.80%) Foreign Exchange (FX)
12 63 (16.54%) Dodd-Frank
13 60 (15.75%) Asset Management
13 60 (15.75%) Agile Software Development
14 57 (14.96%) Fixed Income
15 48 (12.60%) Change Management
16 43 (11.29%) SQL
17 41 (10.76%) Investment Management
18 35 (9.19%) Wealth Management
18 35 (9.19%) Stakeholder Engagement
19 31 (8.14%) Degree
19 31 (8.14%) Legal
19 31 (8.14%) Java
20 29 (7.61%) Back Office
21 28 (7.35%) GAP Analysis
22 26 (6.82%) FpML
23 23 (6.04%) Scrum
23 23 (6.04%) Electronic Trading
23 23 (6.04%) Analytical Skills
23 23 (6.04%) Target Operating Model

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 1 (0.26%) SharePoint
1 1 (0.26%) SharePoint 2010
Applications
1 11 (2.89%) MS Project
2 7 (1.84%) MS Excel
3 5 (1.31%) MS Office
4 4 (1.05%) MS PowerPoint
4 4 (1.05%) MS Visio
Business Applications
1 6 (1.57%) Summit
2 3 (0.79%) thinkFolio
3 2 (0.52%) Bloomberg TOMS
4 1 (0.26%) Markit EDM
4 1 (0.26%) SimCorp Dimension
4 1 (0.26%) Sonata
Cloud Services
1 4 (1.05%) Amazon AWS
1 4 (1.05%) Microsoft Azure
2 1 (0.26%) IBM Blueworks
Communications & Networking
1 7 (1.84%) DSL
2 5 (1.31%) Intranet
3 3 (0.79%) Multicast
3 3 (0.79%) TCP/IP
4 1 (0.26%) HTTP
Database & Business Intelligence
1 9 (2.36%) Oracle Database
1 9 (2.36%) SQL Server
2 7 (1.84%) Big Data
3 6 (1.57%) Data Warehouse
3 6 (1.57%) KDB
4 4 (1.05%) Hadoop
5 3 (0.79%) DB2
5 3 (0.79%) Kdb+
5 3 (0.79%) Relational Database
5 3 (0.79%) SQL Server Analysis Services
6 2 (0.52%) Data Lake
6 2 (0.52%) Hazelcast
7 1 (0.26%) Apache Cassandra
7 1 (0.26%) Apache Hive
7 1 (0.26%) MongoDB
7 1 (0.26%) MS Access
7 1 (0.26%) NoSQL
7 1 (0.26%) Oracle Reports
7 1 (0.26%) SQL Server 2012
7 1 (0.26%) Tick Data
Development Applications
1 4 (1.05%) Concordion
1 4 (1.05%) Cucumber
1 4 (1.05%) FitNesse
1 4 (1.05%) JBehave
1 4 (1.05%) TeamCity
2 3 (0.79%) Gradle
2 3 (0.79%) Jenkins
3 2 (0.52%) Eclipse
3 2 (0.52%) Maven
4 1 (0.26%) EasyMock
4 1 (0.26%) Git (software)
4 1 (0.26%) JIRA
4 1 (0.26%) JUnit
4 1 (0.26%) Subversion
General
1 187 (49.08%) Finance
2 143 (37.53%) Banking
3 114 (29.92%) Front Office
4 92 (24.15%) Investment Banking
5 31 (8.14%) Legal
6 29 (7.61%) Back Office
7 19 (4.99%) Financial Institution
8 15 (3.94%) Retail
9 5 (1.31%) Advertising
10 4 (1.05%) French Language
10 4 (1.05%) Marketing
10 4 (1.05%) Prime Brokerage
11 3 (0.79%) Corporate Banking
11 3 (0.79%) Telecoms
12 2 (0.52%) Private Banking
12 2 (0.52%) Wholesale Banking
13 1 (0.26%) German Language
13 1 (0.26%) Retail Banking
13 1 (0.26%) Spanish Language
Job Titles
1 222 (58.27%) Analyst
2 216 (56.69%) Business Analyst
3 155 (40.68%) MiFID Business Analyst
4 45 (11.81%) Project Manager
5 43 (11.29%) Developer
6 39 (10.24%) Regulatory Business Analyst
7 32 (8.40%) Architect
7 32 (8.40%) MiFID Project Manager
8 31 (8.14%) Senior Analyst
8 31 (8.14%) Senior Business Analyst
9 19 (4.99%) Front Office Business Analyst
10 17 (4.46%) C++ Developer
10 17 (4.46%) IT Analyst
10 17 (4.46%) Report Analyst
11 15 (3.94%) Derivatives Business Analyst
12 14 (3.67%) Banking Analyst
12 14 (3.67%) Data Architect
12 14 (3.67%) Investment Banking Business Analyst
12 14 (3.67%) IT Business Analyst
12 14 (3.67%) Solutions Architect
Libraries, Frameworks & Software Standards
1 26 (6.82%) FpML
2 19 (4.99%) XML
3 17 (4.46%) Middleware
4 14 (3.67%) Boost C++ Libraries
4 14 (3.67%) STL
5 11 (2.89%) FIX Protocol
6 9 (2.36%) HTML
7 6 (1.57%) Spring
8 4 (1.05%) HTML5
9 3 (0.79%) Guice
9 3 (0.79%) JSON
9 3 (0.79%) Lambda Expressions
9 3 (0.79%) REST
9 3 (0.79%) Web Services
10 2 (0.52%) .NET
10 2 (0.52%) J2EE
10 2 (0.52%) XSD
11 1 (0.26%) CSS
11 1 (0.26%) Hibernate
11 1 (0.26%) Swing
Miscellaneous
1 83 (21.78%) Equities
2 82 (21.52%) Derivative
3 64 (16.80%) Foreign Exchange (FX)
4 57 (14.96%) Fixed Income
5 23 (6.04%) Analytical Skills
6 20 (5.25%) Fintech
7 16 (4.20%) Reference Data
8 15 (3.94%) Equity Derivative
9 14 (3.67%) Market Risk
10 13 (3.41%) Algorithms
11 11 (2.89%) Management Information System
12 10 (2.62%) Credit Risk
12 10 (2.62%) N-Tier
13 9 (2.36%) Hedge funds
14 8 (2.10%) ASIC
15 7 (1.84%) OTC Derivatives
16 6 (1.57%) DTCC
17 5 (1.31%) Computer Science
17 5 (1.31%) PMI
17 5 (1.31%) SWIFT
Operating Systems
1 22 (5.77%) Unix
2 20 (5.25%) Linux
3 11 (2.89%) Windows
4 3 (0.79%) Solaris
Processes & Methodologies
1 109 (28.61%) Business Analysis
2 68 (17.85%) Project Management
3 65 (17.06%) Stakeholder Management
4 60 (15.75%) Agile Software Development
4 60 (15.75%) Asset Management
5 48 (12.60%) Change Management
6 41 (10.76%) Investment Management
7 35 (9.19%) Stakeholder Engagement
7 35 (9.19%) Wealth Management
8 28 (7.35%) GAP Analysis
9 23 (6.04%) Electronic Trading
9 23 (6.04%) Scrum
9 23 (6.04%) Target Operating Model
10 22 (5.77%) SDLC
11 20 (5.25%) Cash Management
11 20 (5.25%) Data Management
12 19 (4.99%) Data Architecture
13 18 (4.72%) Multithreading
13 18 (4.72%) Risk Management
13 18 (4.72%) User Acceptance Testing
Programming Languages
1 43 (11.29%) SQL
2 31 (8.14%) Java
3 20 (5.25%) C++
4 9 (2.36%) C#
5 8 (2.10%) JavaScript
6 6 (1.57%) C
7 5 (1.31%) PL/SQL
8 2 (0.52%) Perl
8 2 (0.52%) Shell Script
8 2 (0.52%) VBA
9 1 (0.26%) Scala
Qualifications
1 31 (8.14%) Degree
2 6 (1.57%) ISEB
3 5 (1.31%) PMI Certification
4 3 (0.79%) CBAP
4 3 (0.79%) PMP
5 2 (0.52%) APMP
6 1 (0.26%) CFA
6 1 (0.26%) CISA
6 1 (0.26%) CISM
6 1 (0.26%) CISSP
6 1 (0.26%) ISTQB
6 1 (0.26%) QiCA
Quality Assurance & Compliance
1 87 (22.83%) EMIR
2 63 (16.54%) Dodd-Frank
3 17 (4.46%) FATCA
4 16 (4.20%) QA
5 11 (2.89%) Basel III
6 10 (2.62%) AIFMD
7 4 (1.05%) UCITS
8 3 (0.79%) Solvency II
9 1 (0.26%) CRD IV
System Software
1 4 (1.05%) Docker
Systems Management
1 2 (0.52%) MOM
Vendors
1 17 (4.46%) Oracle
2 12 (3.15%) Bloomberg
3 7 (1.84%) Cognizant
3 7 (1.84%) Murex
3 7 (1.84%) Solace
4 6 (1.57%) Fidessa
4 6 (1.57%) ION Trading
5 4 (1.05%) Calypso
5 4 (1.05%) Microsoft
6 3 (0.79%) GoldenSource
7 2 (0.52%) Charles River
7 2 (0.52%) FNZ
7 2 (0.52%) Palantir
7 2 (0.52%) Sophis
7 2 (0.52%) SunGard
7 2 (0.52%) TIBCO
7 2 (0.52%) Tradeweb
8 1 (0.26%) Informatica
8 1 (0.26%) Pega
8 1 (0.26%) Tableau
City, London
TEKsystems
Rate: £550 - £625 per annum
Posted: 3 days ago
London
Red10
Rate: £550 - £700 per day
Posted: 3 days ago
London
ComputAppoint
Rate: £750 - £800 per day
Posted: Yesterday
City, London
JM
Rate: £550 - £600 per day
Posted: 4 days ago
London
McGregor Boyall
Rate: £550 - £650 per annum
Posted: 4 days ago
London
Hatstand Limited
Rate: £550 - £650 per day
Posted: 5 days ago
London
TEKsystems
Rate: £650 - £651 per day
Posted: 2 days ago
London
Resource Solutions - FCA
Posted: 2 days ago
London
Prospectus
Posted: 11 days ago