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 19 December 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
19 Dec 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 384 392 365
Rank change year-on-year
+8 -27
Contract jobs citing MiFID 25 32 16
As % of all contract IT jobs located in London 0.11% 0.13% 0.075%
As % of the Quality Assurance & Compliance category 1.35% 1.69% 0.96%
Number of daily rates quoted 22 29 12
Average daily rate
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£575 £700 £500
Average daily rate % change year-on-year
-17.85% +40.00%
90% offered a daily rate of more than £478 £520 £475
10% offered a daily rate of more than £650 £830 £650
UK excluding London average daily rate £450 - -
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
1857 1890 1660
As % of all contract IT jobs located in London 8.05% 7.79% 7.76%
Number of daily rates quoted 1298 1333 1163
Average daily rate £450 £465 £450
Average daily rate % change year-on-year
-3.22% +3.33%
90% offered a daily rate of more than £252 £288 £275
10% offered a daily rate of more than £600 £675 £625
UK excluding London average daily rate £368 £350 £350
% change year-on-year
+5.00% -
Number of hourly rates quoted 35 22 41
Average hourly rate £20.25 £21.00 £22.00
Average hourly rate % change year-on-year
-3.57% -4.54%
90% offered a hourly rate of more than £14.50 £11.00 £13.50
10% offered a hourly rate of more than £47.50 £43.10 £82.40
UK excluding London average hourly rate £18.75 £18.55 £20.00
% change year-on-year
+1.07% -7.25%

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 19 December 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
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 19 December 2014. 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 +8 3 £600 +9.09% 4
Docklands, London - - - -
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 19 December 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 33 (67.35%) Banking
2 32 (65.31%) EMIR
3 24 (48.98%) Investment Banking
4 18 (36.73%) Finance
5 15 (30.61%) Dodd-Frank
6 11 (22.45%) Risk Management
7 8 (16.33%) Stakeholder Management
7 8 (16.33%) Derivative
8 7 (14.29%) Dynamics NAV
8 7 (14.29%) Dynamics AX
8 7 (14.29%) Business Analysis
8 7 (14.29%) ZaiNet
8 7 (14.29%) SAP Oil and Gas
8 7 (14.29%) Brady
8 7 (14.29%) ERP
8 7 (14.29%) SAP
8 7 (14.29%) Murex
8 7 (14.29%) OpenLink
8 7 (14.29%) Endur
8 7 (14.29%) OpenLink RightAngle
8 7 (14.29%) Aligne
8 7 (14.29%) Investment Management
8 7 (14.29%) ETRM
8 7 (14.29%) Triple Point
9 6 (12.24%) Asset Management
9 6 (12.24%) QA
9 6 (12.24%) Front Office
10 5 (10.20%) Foreign Exchange (FX)
10 5 (10.20%) SQL
10 5 (10.20%) SQL Server

MiFID
Top Related IT Skills in London by Category

For the 6 months to 19 December 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 2 (4.08%) MTS
Applications
1 2 (4.08%) MS PowerPoint
2 1 (2.04%) MS Office
Business Applications
1 7 (14.29%) Dynamics NAV
1 7 (14.29%) Dynamics AX
1 7 (14.29%) ZaiNet
1 7 (14.29%) SAP Oil and Gas
1 7 (14.29%) Endur
1 7 (14.29%) OpenLink RightAngle
1 7 (14.29%) Aligne
2 2 (4.08%) ION MarketView
3 1 (2.04%) SunGard Stream Clearvision
3 1 (2.04%) Rolfe and Nolan
Database & Business Intelligence
1 5 (10.20%) SQL Server
Development Applications
1 2 (4.08%) Toad
General
1 33 (67.35%) Banking
2 24 (48.98%) Investment Banking
3 18 (36.73%) Finance
4 6 (12.24%) Front Office
5 4 (8.16%) Back Office
6 1 (2.04%) French Language
6 1 (2.04%) Wholesale Banking
Job Titles
1 25 (51.02%) Analyst
2 23 (46.94%) Business Analyst
3 13 (26.53%) Project Manager
4 4 (8.16%) Systems Analyst
5 3 (6.12%) Investment Banking Business Analyst
5 3 (6.12%) Consultant
5 3 (6.12%) Business Systems Analyst
5 3 (6.12%) Banking Business Analyst
6 2 (4.08%) Technical Analyst
6 2 (4.08%) Technical Business Analyst
6 2 (4.08%) Test Analyst
6 2 (4.08%) Architect
6 2 (4.08%) Project Consultant
6 2 (4.08%) Test Leader
6 2 (4.08%) Middle Office Analyst
7 1 (2.04%) FX Business Analyst
7 1 (2.04%) Lead Business Analyst
7 1 (2.04%) MiFID Business Analyst
7 1 (2.04%) Programme Manager
7 1 (2.04%) Senior Business Analyst
Libraries, Frameworks & Software Standards
1 1 (2.04%) .NET
1 1 (2.04%) .NET Framework
Miscellaneous
1 8 (16.33%) Derivative
2 5 (10.20%) Foreign Exchange (FX)
3 4 (8.16%) Fixed Income
3 4 (8.16%) Analytical Skills
4 3 (6.12%) User Experience
5 2 (4.08%) Equities
5 2 (4.08%) Credit Derivative
5 2 (4.08%) Reference Data
Processes & Methodologies
1 11 (22.45%) Risk Management
2 8 (16.33%) Stakeholder Management
3 7 (14.29%) Business Analysis
3 7 (14.29%) ERP
3 7 (14.29%) Investment Management
3 7 (14.29%) ETRM
4 6 (12.24%) Asset Management
5 5 (10.20%) Agile Software Development
6 4 (8.16%) Migration
6 4 (8.16%) Project Management
6 4 (8.16%) Data Migration
7 3 (6.12%) BPMN
7 3 (6.12%) Waterfall
7 3 (6.12%) Workflow
7 3 (6.12%) Data Modelling
7 3 (6.12%) Requirements Analysis
8 2 (4.08%) Project Planning
8 2 (4.08%) GAP Analysis
8 2 (4.08%) Algorithmic Trading
8 2 (4.08%) User Acceptance Testing
Programming Languages
1 5 (10.20%) SQL
Quality Assurance & Compliance
1 32 (65.31%) EMIR
2 15 (30.61%) Dodd-Frank
3 6 (12.24%) QA
4 4 (8.16%) Basel III
4 4 (8.16%) FATCA
5 2 (4.08%) UCITS
6 1 (2.04%) CRD IV
6 1 (2.04%) Basel II
Vendors
1 7 (14.29%) Brady
1 7 (14.29%) SAP
1 7 (14.29%) Murex
1 7 (14.29%) OpenLink
1 7 (14.29%) Triple Point
2 2 (4.08%) Actimize
2 2 (4.08%) ION Trading
3 1 (2.04%) Microsoft
City, London
Hatstand Limited
Rate: £500 - £600 per day
Posted: Yesterday
City, London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 3 days ago