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 24 April 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
24 Apr 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 363 380 375
Rank change year-on-year
+17 -5
Contract jobs citing MiFID 45 33 23
As % of all contract IT jobs located in London 0.20% 0.14% 0.10%
As % of the Quality Assurance & Compliance category 2.58% 1.64% 1.26%
Number of daily rates quoted 33 25 19
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£625 £550 £625
Average daily rate % change year-on-year
+13.63% -12.00%
90% offered a daily rate of more than £550 £350 £500
10% offered a daily rate of more than £700 £720 £725
UK excluding London average daily rate £400 £550 £350
% change year-on-year
-27.27% +57.14%
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
1741 2016 1821
As % of all contract IT jobs located in London 7.82% 8.53% 8.28%
Number of daily rates quoted 1192 1419 1251
Average daily rate £450 £450 £475
Average daily rate % change year-on-year
- -5.26%
90% offered a daily rate of more than £275 £288 £275
10% offered a daily rate of more than £625 £625 £650
UK excluding London average daily rate £375 £368 £338
% change year-on-year
+2.04% +8.88%
Number of hourly rates quoted 14 36 36
Average hourly rate £21.50 £20.87 £20.60
Average hourly rate % change year-on-year
+3.04% +1.28%
90% offered a hourly rate of more than £12.40 £14.90 £13.76
10% offered a hourly rate of more than £107.00 £79.55 £135.00
UK excluding London average hourly rate £22.50 £18.00 £15.13
% change year-on-year
+25.00% +19.00%

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 24 April 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 24 April 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 +17 8 £650 +8.33% 10
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 24 April 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 33 (48.53%) EMIR
2 29 (42.65%) Banking
3 20 (29.41%) Investment Banking
4 18 (26.47%) Finance
5 17 (25.00%) Asset Management
5 17 (25.00%) Dodd-Frank
6 14 (20.59%) Front Office
7 12 (17.65%) SQL
8 11 (16.18%) Derivative
9 10 (14.71%) Business Analysis
10 9 (13.24%) Back Office
10 9 (13.24%) Stakeholder Management
10 9 (13.24%) Fixed Income
10 9 (13.24%) Project Management
11 8 (11.76%) Equities
12 7 (10.29%) AIFMD
12 7 (10.29%) QA
12 7 (10.29%) Investment Management
13 6 (8.82%) Electronic Trading
13 6 (8.82%) FATCA
13 6 (8.82%) Agile Software Development
13 6 (8.82%) Foreign Exchange (FX)
14 5 (7.35%) Change Management
14 5 (7.35%) Workflow
14 5 (7.35%) Analytics
14 5 (7.35%) Basel III
15 4 (5.88%) Waterfall
15 4 (5.88%) GAP Analysis
15 4 (5.88%) Microsoft
16 3 (4.41%) MS Office

MiFID
Top Related IT Skills in London by Category

For the 6 months to 24 April 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 (4.41%) MTS
Applications
1 3 (4.41%) MS Office
2 1 (1.47%) MS Project
2 1 (1.47%) MS Excel
Business Applications
1 3 (4.41%) ION MarketView
2 1 (1.47%) SunGard Stream Clearvision
2 1 (1.47%) Rolfe and Nolan
Database & Business Intelligence
1 2 (2.94%) SQL Server
2 1 (1.47%) MS Access
2 1 (1.47%) Data Mining
2 1 (1.47%) Relational Database
Development Applications
1 2 (2.94%) JIRA
2 1 (1.47%) Rational Rose
General
1 29 (42.65%) Banking
2 20 (29.41%) Investment Banking
3 18 (26.47%) Finance
4 14 (20.59%) Front Office
5 9 (13.24%) Back Office
6 1 (1.47%) Financial Institution
6 1 (1.47%) Legal
6 1 (1.47%) Telecoms
6 1 (1.47%) Private Banking
Job Titles
1 37 (54.41%) Analyst
2 36 (52.94%) Business Analyst
3 16 (23.53%) Project Manager
4 5 (7.35%) Senior Business Analyst
4 5 (7.35%) Senior Analyst
4 5 (7.35%) Test Leader
4 5 (7.35%) MiFID Business Analyst
5 4 (5.88%) Investment Banking Business Analyst
6 3 (4.41%) Contracts Manager
6 3 (4.41%) IT Business Analyst
6 3 (4.41%) Banking Business Analyst
7 2 (2.94%) Lead Business Analyst
7 2 (2.94%) Python Developer
7 2 (2.94%) Tester
7 2 (2.94%) Developer
8 1 (1.47%) Test Analyst
8 1 (1.47%) Consultant
8 1 (1.47%) Senior Manager
8 1 (1.47%) Programme Manager
8 1 (1.47%) Report Analyst
Miscellaneous
1 11 (16.18%) Derivative
2 9 (13.24%) Fixed Income
3 8 (11.76%) Equities
4 6 (8.82%) Foreign Exchange (FX)
5 3 (4.41%) User Experience
5 3 (4.41%) Eurex
6 2 (2.94%) DTCC
6 2 (2.94%) Reference Data
6 2 (2.94%) Hedge funds
6 2 (2.94%) Equity Derivative
6 2 (2.94%) ASIC
7 1 (1.47%) Analytical Skills
Operating Systems
1 1 (1.47%) Windows
Processes & Methodologies
1 17 (25.00%) Asset Management
2 10 (14.71%) Business Analysis
3 9 (13.24%) Stakeholder Management
3 9 (13.24%) Project Management
4 7 (10.29%) Investment Management
5 6 (8.82%) Electronic Trading
5 6 (8.82%) Agile Software Development
6 5 (7.35%) Change Management
6 5 (7.35%) Workflow
6 5 (7.35%) Analytics
7 4 (5.88%) Waterfall
7 4 (5.88%) GAP Analysis
8 3 (4.41%) Risk Management
8 3 (4.41%) Scrum
8 3 (4.41%) Requirements Analysis
8 3 (4.41%) Automation Testing
8 3 (4.41%) BPMN
9 2 (2.94%) Data Analysis
9 2 (2.94%) Wealth Management
9 2 (2.94%) Validation
Programming Languages
1 12 (17.65%) SQL
2 2 (2.94%) Ruby
2 2 (2.94%) Python
2 2 (2.94%) C#
2 2 (2.94%) C++
2 2 (2.94%) Java
2 2 (2.94%) Perl
Qualifications
1 2 (2.94%) Degree
2 1 (1.47%) CCA
2 1 (1.47%) PRINCE2 Certification
Quality Assurance & Compliance
1 33 (48.53%) EMIR
2 17 (25.00%) Dodd-Frank
3 7 (10.29%) AIFMD
3 7 (10.29%) QA
4 6 (8.82%) FATCA
5 5 (7.35%) Basel III
6 2 (2.94%) Solvency II
7 1 (1.47%) UCITS
Vendors
1 4 (5.88%) Microsoft
2 3 (4.41%) ION Trading
3 2 (2.94%) Actimize
3 2 (2.94%) Oracle
3 2 (2.94%) Sybase
4 1 (1.47%) Wall Street Systems
4 1 (1.47%) Avaloq
City of London
Huxley Banking & Financial Services
Rate: £550 - £600 per day
Posted: 19 hours ago
London
Real Staffing
Rate: £500 - £550 per day + competitive
Posted: Yesterday
London
Hays Finance Technology
Rate: £550.00 - £650 per day
Posted: Yesterday
London
Orgtel
Rate: £550 - £650 per day + competitive
Posted: 2 days ago
City, London
Hays Finance Technology
Rate: £400.00 - £500.00 per day
Posted: 2 days ago
London
ANSON MCCADE
Rate: £550 - £650 per day
Posted: 3 days ago
London
Harvey Nash plc
Rate: £650 - £750 per day
Posted: 3 days ago
City, London
TEKsystems
Rate: £650 - £750 per day
Posted: 3 days ago
London
McGregor Boyall
Rate: £500 - £550 per day
Posted: 3 days ago
London
McGregor Boyall
Rate: £500 - £550 per day
Posted: 4 days ago
London
Huxley Banking & Financial Services
Rate: £550 - £600 per day
Posted: 5 days ago
London
Hays IT - Uk Posting account
Rate: £525.00 - £575.00 per day
Posted: 8 days ago
City of London
Hays IT - Uk Posting account
Rate: £550.00 - £650.00 per day
Posted: 10 days ago
London
iKonnect
Rate: £525 - £650 per day
Posted: 11 days ago
City of London
The People Network
Rate: £450 - £500 per day
Posted: 23 days ago
City of London
Deerfoot IT
Rate: £750 - £850 per day
Posted: 23 days ago