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 31 March 2015 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
31 Mar 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 366 366 355
Rank change year-on-year
0 -11
Contract jobs citing MiFID 37 42 22
As % of all contract IT jobs located in London 0.17% 0.18% 0.11%
As % of the Quality Assurance & Compliance category 2.12% 2.12% 1.35%
Number of daily rates quoted 24 34 19
Average daily rate
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of your Daily Rate
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£575 £600 £650
Average daily rate % change year-on-year
-4.16% -7.69%
90% offered a daily rate of more than £550 £350 £500
10% offered a daily rate of more than £700 £771 £725
UK excluding London average daily rate £400 £550 £115
% change year-on-year
-27.27% +378.26%
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
1749 1985 1625
As % of all contract IT jobs located in London 7.98% 8.63% 7.79%
Number of daily rates quoted 1214 1352 1100
Average daily rate £450 £450 £455
Average daily rate % change year-on-year
- -1.09%
90% offered a daily rate of more than £263 £300 £275
10% offered a daily rate of more than £600 £600 £650
UK excluding London average daily rate £385 £370 £330
% change year-on-year
+4.05% +12.12%
Number of hourly rates quoted 8 39 34
Average hourly rate £21.50 £17.50 £22.32
Average hourly rate % change year-on-year
+22.85% -21.57%
90% offered a hourly rate of more than £17.00 £13.05 £13.79
10% offered a hourly rate of more than £116.50 £75.00 £135.00
UK excluding London average hourly rate £22.50 £17.75 £18.50
% change year-on-year
+26.76% -4.05%

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 31 March 2015.

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 average contractor rates quoted in IT jobs citing MiFID within the London region over the 3 months to 31 March 2015. 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
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +6 3 £521 -13.16% 6
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 31 March 2015, 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 26 (43.33%) Banking
2 25 (41.67%) EMIR
3 18 (30.00%) Investment Banking
4 16 (26.67%) Finance
5 10 (16.67%) Front Office
5 10 (16.67%) Asset Management
5 10 (16.67%) Dodd-Frank
5 10 (16.67%) Derivative
6 9 (15.00%) Back Office
7 8 (13.33%) SQL
7 8 (13.33%) QA
7 8 (13.33%) Investment Management
8 7 (11.67%) Stakeholder Management
8 7 (11.67%) Business Analysis
8 7 (11.67%) Agile Software Development
9 6 (10.00%) Equities
9 6 (10.00%) FATCA
10 5 (8.33%) Basel III
10 5 (8.33%) Electronic Trading
10 5 (8.33%) Workflow
10 5 (8.33%) Foreign Exchange (FX)
10 5 (8.33%) Project Management
11 4 (6.67%) Microsoft
11 4 (6.67%) Actimize
11 4 (6.67%) Risk Management
11 4 (6.67%) Fixed Income
11 4 (6.67%) Waterfall
11 4 (6.67%) Analytics
12 3 (5.00%) Automation Testing
12 3 (5.00%) Business Transformation

MiFID
Top Related IT Skills in London by Category

For the 6 months to 31 March 2015, 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 3 (5.00%) MTS
Applications
1 3 (5.00%) MS Office
2 1 (1.67%) MS Excel
2 1 (1.67%) MS Project
Business Applications
1 3 (5.00%) ION MarketView
2 1 (1.67%) SunGard Stream Clearvision
2 1 (1.67%) Rolfe and Nolan
Database & Business Intelligence
1 2 (3.33%) SQL Server
2 1 (1.67%) MS Access
2 1 (1.67%) Data Mining
2 1 (1.67%) Relational Database
Development Applications
1 1 (1.67%) Rational Rose
General
1 26 (43.33%) Banking
2 18 (30.00%) Investment Banking
3 16 (26.67%) Finance
4 10 (16.67%) Front Office
5 9 (15.00%) Back Office
6 1 (1.67%) Legal
6 1 (1.67%) Private Banking
6 1 (1.67%) Financial Institution
Job Titles
1 33 (55.00%) Analyst
2 32 (53.33%) Business Analyst
3 12 (20.00%) Project Manager
4 5 (8.33%) Senior Business Analyst
4 5 (8.33%) Senior Analyst
4 5 (8.33%) Test Leader
4 5 (8.33%) MiFID Business Analyst
5 4 (6.67%) IT Business Analyst
5 4 (6.67%) Investment Banking Business Analyst
6 3 (5.00%) Banking Business Analyst
7 2 (3.33%) Lead Business Analyst
7 2 (3.33%) Python Developer
7 2 (3.33%) Developer
7 2 (3.33%) Business Systems Analyst
7 2 (3.33%) Systems Analyst
8 1 (1.67%) Consultant
8 1 (1.67%) Senior Manager
8 1 (1.67%) Programme Manager
8 1 (1.67%) Principal Consultant
8 1 (1.67%) Data Analyst
Miscellaneous
1 10 (16.67%) Derivative
2 6 (10.00%) Equities
3 5 (8.33%) Foreign Exchange (FX)
4 4 (6.67%) Fixed Income
5 3 (5.00%) User Experience
5 3 (5.00%) Analytical Skills
5 3 (5.00%) Eurex
6 2 (3.33%) Reference Data
7 1 (1.67%) Equity Derivative
7 1 (1.67%) DTCC
7 1 (1.67%) ASIC
Operating Systems
1 1 (1.67%) Windows
Processes & Methodologies
1 10 (16.67%) Asset Management
2 8 (13.33%) Investment Management
3 7 (11.67%) Business Analysis
3 7 (11.67%) Stakeholder Management
3 7 (11.67%) Agile Software Development
4 5 (8.33%) Project Management
4 5 (8.33%) Workflow
4 5 (8.33%) Electronic Trading
5 4 (6.67%) Waterfall
5 4 (6.67%) Analytics
5 4 (6.67%) Risk Management
6 3 (5.00%) Scrum
6 3 (5.00%) GAP Analysis
6 3 (5.00%) Automation Testing
6 3 (5.00%) Business Transformation
6 3 (5.00%) BPMN
6 3 (5.00%) Requirements Analysis
7 2 (3.33%) Project Planning
7 2 (3.33%) Wealth Management
7 2 (3.33%) User Acceptance Testing
Programming Languages
1 8 (13.33%) SQL
2 2 (3.33%) Python
2 2 (3.33%) Ruby
2 2 (3.33%) C#
2 2 (3.33%) C++
2 2 (3.33%) Java
2 2 (3.33%) Perl
Qualifications
1 2 (3.33%) Degree
2 1 (1.67%) CCA
Quality Assurance & Compliance
1 25 (41.67%) EMIR
2 10 (16.67%) Dodd-Frank
3 8 (13.33%) QA
4 6 (10.00%) FATCA
5 5 (8.33%) Basel III
6 3 (5.00%) AIFMD
7 1 (1.67%) CRD IV
7 1 (1.67%) Solvency II
7 1 (1.67%) Basel II
Vendors
1 4 (6.67%) Microsoft
1 4 (6.67%) Actimize
2 3 (5.00%) ION Trading
3 2 (3.33%) Oracle
3 2 (3.33%) Sybase
4 1 (1.67%) Avaloq
4 1 (1.67%) Wall Street Systems
City, London
TEKsystems
Rate: £500 - £600 per day
Posted: Yesterday
London
Huxley Banking & Financial Services
Rate: £550 - £630 per day + competitive
Posted: 5 days ago
City, London
Aston Carter
Rate: £550 - £650 per day
Posted: 6 days ago
London
Hays IT - Uk Posting account
Rate: £550.00 - £650.00 per day
Posted: 8 days ago
London
Huxley Banking & Financial Services
Rate: £550 - £600 per day + competitive
Posted: 13 days ago
London
Orgtel
Rate: £550 - £600 per day
Posted: 13 days ago
London
Hays IT - Uk Posting account
Rate: £550.00 - £660.00 per day
Posted: 13 days ago
London
Real Staffing
Rate: £500 - £550 per day + competitive
Posted: 13 days ago