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 27 September 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
27 Sep 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 280 304 423
Rank change year-on-year
+24 +119
Contract jobs citing MiFID 165 132 26
As % of all contract IT jobs located in London 0.72% 0.57% 0.11%
As % of the Quality Assurance & Compliance category 7.49% 5.98% 1.10%
Number of daily rates quoted 113 90 23
Median daily rate £600 £575 £625
Median daily rate % change year-on-year
+4.34% -8.00%
90% offered a daily rate of more than £475 £450 £505
10% offered a daily rate of more than £723 £700 £713
UK excluding London median daily rate £500 £463 £350
% change year-on-year
+8.10% +32.14%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £17.00 -
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
2204 2206 2353
As % of all contract IT jobs located in London 9.63% 9.56% 9.72%
Number of daily rates quoted 1577 1494 1645
Median daily rate £463 £463 £450
Median daily rate % change year-on-year
-0.05% +2.83%
90% offered a daily rate of more than £300 £275 £275
10% offered a daily rate of more than £625 £600 £600
UK excluding London median daily rate £400 £413 £375
% change year-on-year
-3.03% +10.00%
Number of hourly rates quoted 32 34 35
Median hourly rate £16.88 £18.75 £20.00
Median hourly rate % change year-on-year
-9.98% -6.25%
90% offered a hourly rate of more than £12.15 £12.30 £13.23
10% offered a hourly rate of more than £24.35 £67.75 £150.00
UK excluding London median hourly rate £30.00 £30.00 £20.00
% change year-on-year
- +50.00%

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 27 September 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 27 September 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 +30 39 £650 +16.59% 11
Canary Wharf - 6 - -
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 27 September 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.

1 131 (45.64%) Banking
2 125 (43.55%) Finance
3 86 (29.97%) Investment Banking
4 81 (28.22%) Business Analysis
5 68 (23.69%) EMIR
6 66 (23.00%) Front Office
7 55 (19.16%) Project Management
8 53 (18.47%) Dodd-Frank
9 51 (17.77%) Stakeholder Management
9 51 (17.77%) Agile Software Development
10 50 (17.42%) Equities
11 46 (16.03%) Fixed Income
12 44 (15.33%) Derivative
13 41 (14.29%) Foreign Exchange (FX)
14 35 (12.20%) Change Management
14 35 (12.20%) Stakeholder Engagement
14 35 (12.20%) Investment Management
15 34 (11.85%) Asset Management
16 33 (11.50%) Degree
17 30 (10.45%) Legal
17 30 (10.45%) SQL
18 28 (9.76%) User Acceptance Testing
19 24 (8.36%) FpML
20 23 (8.01%) Wealth Management
21 22 (7.67%) Back Office
22 20 (6.97%) Java
23 19 (6.62%) XML
24 18 (6.27%) Electronic Trading
24 18 (6.27%) FATCA
25 17 (5.92%) Analytical Skills

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 6 (2.09%) Skype for Business
2 3 (1.05%) SharePoint
3 1 (0.35%) SharePoint 2010
Applications
1 9 (3.14%) MS Project
2 7 (2.44%) MS Office
3 6 (2.09%) MS Excel
4 5 (1.74%) MS PowerPoint
4 5 (1.74%) MS Visio
Business Applications
1 5 (1.74%) Summit
2 1 (0.35%) Bloomberg TOMS
2 1 (0.35%) Oracle Procure-to-Pay
2 1 (0.35%) SimCorp Dimension
2 1 (0.35%) SunGard GMI
Cloud Services
1 1 (0.35%) IBM Blueworks
Communications & Networking
1 7 (2.44%) DSL
2 5 (1.74%) Intranet
2 5 (1.74%) PBX
3 2 (0.70%) Firewall
3 2 (0.70%) SNMP
4 1 (0.35%) BGP
4 1 (0.35%) Cisco IOS
4 1 (0.35%) EIGRP
4 1 (0.35%) Ethernet
4 1 (0.35%) Extranet
4 1 (0.35%) HTTP
4 1 (0.35%) Internet
4 1 (0.35%) IPsec
4 1 (0.35%) Junos
4 1 (0.35%) LAN
4 1 (0.35%) MPLS
4 1 (0.35%) OSPF
4 1 (0.35%) TCP/IP
4 1 (0.35%) VPN
4 1 (0.35%) WAN
Database & Business Intelligence
1 9 (3.14%) SQL Server
2 7 (2.44%) KDB
2 7 (2.44%) Oracle Database
3 3 (1.05%) Hadoop
3 3 (1.05%) Kdb+
3 3 (1.05%) SQL Server Analysis Services
4 2 (0.70%) Big Data
4 2 (0.70%) Data Lake
4 2 (0.70%) Oracle Reports
4 2 (0.70%) QlikView
4 2 (0.70%) SQL Server 2012
5 1 (0.35%) Apache Cassandra
5 1 (0.35%) BusinessObjects
5 1 (0.35%) Data Mining
5 1 (0.35%) Hazelcast
5 1 (0.35%) MongoDB
5 1 (0.35%) MS Access
5 1 (0.35%) NoSQL
5 1 (0.35%) SQL Server Integration Services
5 1 (0.35%) Tick Data
Development Applications
1 3 (1.05%) Team Foundation Server
2 2 (0.70%) Eclipse
2 2 (0.70%) Visual Studio Tools for Office
3 1 (0.35%) EasyMock
3 1 (0.35%) JIRA
3 1 (0.35%) JUnit
3 1 (0.35%) Subversion
General
1 131 (45.64%) Banking
2 125 (43.55%) Finance
3 86 (29.97%) Investment Banking
4 66 (23.00%) Front Office
5 30 (10.45%) Legal
6 22 (7.67%) Back Office
7 16 (5.57%) Retail
8 15 (5.23%) Financial Institution
9 6 (2.09%) Marketing
10 5 (1.74%) French Language
11 2 (0.70%) Advertising
11 2 (0.70%) Private Banking
11 2 (0.70%) Retail Banking
11 2 (0.70%) Spanish Language
12 1 (0.35%) Corporate Banking
12 1 (0.35%) Telecoms
12 1 (0.35%) Wholesale Banking
Job Titles
1 172 (59.93%) Analyst
2 158 (55.05%) Business Analyst
3 107 (37.28%) MiFID Business Analyst
4 45 (15.68%) Project Manager
5 33 (11.50%) Regulatory Business Analyst
6 30 (10.45%) MiFID Project Manager
7 27 (9.41%) Developer
8 22 (7.67%) Report Analyst
9 20 (6.97%) Architect
10 19 (6.62%) Banking Analyst
11 16 (5.57%) Senior Analyst
11 16 (5.57%) Senior Business Analyst
12 14 (4.88%) C# Developer
12 14 (4.88%) IT Analyst
12 14 (4.88%) Project Analyst
13 13 (4.53%) Front Office Business Analyst
14 11 (3.83%) Technical Analyst
15 10 (3.48%) Programme Manager
15 10 (3.48%) Regulatory Reporting Business Analyst
15 10 (3.48%) Technical Business Analyst
Libraries, Frameworks & Software Standards
1 24 (8.36%) FpML
2 19 (6.62%) XML
3 13 (4.53%) Middleware
4 9 (3.14%) FIX Protocol
5 7 (2.44%) HTML
6 6 (2.09%) .NET
6 6 (2.09%) Web Services
7 4 (1.39%) Boost C++ Libraries
7 4 (1.39%) STL
8 3 (1.05%) FIXML
8 3 (1.05%) HTML5
8 3 (1.05%) WPF
9 2 (0.70%) J2EE
9 2 (0.70%) OOXML
9 2 (0.70%) Spring
9 2 (0.70%) WinForms
9 2 (0.70%) XSD
10 1 (0.35%) .NET Framework
10 1 (0.35%) AngularJS
10 1 (0.35%) CSS
Miscellaneous
1 50 (17.42%) Equities
2 46 (16.03%) Fixed Income
3 44 (15.33%) Derivative
4 41 (14.29%) Foreign Exchange (FX)
5 17 (5.92%) Analytical Skills
6 14 (4.88%) Reference Data
7 13 (4.53%) Management Information System
8 12 (4.18%) Hedge funds
9 10 (3.48%) Computer Science
9 10 (3.48%) Equity Derivative
9 10 (3.48%) Fintech
10 7 (2.44%) ASIC
11 6 (2.09%) DTCC
12 5 (1.74%) OTC Derivatives
13 4 (1.39%) Market Risk
13 4 (1.39%) PMI
13 4 (1.39%) SWIFT
14 3 (1.05%) Algorithms
14 3 (1.05%) Credit Derivative
14 3 (1.05%) Economics
Operating Systems
1 12 (4.18%) Linux
2 11 (3.83%) Unix
3 9 (3.14%) Windows
4 1 (0.35%) AIX
4 1 (0.35%) Oracle Linux
4 1 (0.35%) Red Hat Enterprise Linux
4 1 (0.35%) Solaris
4 1 (0.35%) Windows 7
Processes & Methodologies
1 81 (28.22%) Business Analysis
2 55 (19.16%) Project Management
3 51 (17.77%) Agile Software Development
3 51 (17.77%) Stakeholder Management
4 35 (12.20%) Change Management
4 35 (12.20%) Investment Management
4 35 (12.20%) Stakeholder Engagement
5 34 (11.85%) Asset Management
6 28 (9.76%) User Acceptance Testing
7 23 (8.01%) Wealth Management
8 18 (6.27%) Electronic Trading
9 16 (5.57%) Data Management
9 16 (5.57%) GAP Analysis
9 16 (5.57%) Scrum
10 15 (5.23%) Waterfall
11 14 (4.88%) Data Architecture
12 13 (4.53%) Cash Management
12 13 (4.53%) Data Analysis
12 13 (4.53%) SDLC
13 12 (4.18%) Data Modelling
Programming Languages
1 30 (10.45%) SQL
2 20 (6.97%) Java
3 17 (5.92%) C#
4 7 (2.44%) JavaScript
5 6 (2.09%) C++
6 4 (1.39%) C
7 3 (1.05%) VBA
8 2 (0.70%) Shell Script
9 1 (0.35%) Perl
9 1 (0.35%) Python
9 1 (0.35%) RPG
9 1 (0.35%) Ruby
Qualifications
1 33 (11.50%) Degree
2 4 (1.39%) ISEB
2 4 (1.39%) PMI Certification
3 3 (1.05%) CBAP
4 2 (0.70%) APMP
4 2 (0.70%) PMP
5 1 (0.35%) CCDA
5 1 (0.35%) CCIE
5 1 (0.35%) CCNP
5 1 (0.35%) CFA
5 1 (0.35%) Cisco Certification
5 1 (0.35%) MBA
Quality Assurance & Compliance
1 68 (23.69%) EMIR
2 53 (18.47%) Dodd-Frank
3 18 (6.27%) FATCA
4 14 (4.88%) QA
5 5 (1.74%) AIFMD
6 4 (1.39%) UCITS
7 2 (0.70%) Solvency II
8 1 (0.35%) Basel III
8 1 (0.35%) Data Quality
8 1 (0.35%) SLA
System Software
1 1 (0.35%) Veritas Cluster Server
1 1 (0.35%) VMware Infrastructure
Systems Management
1 2 (0.70%) MOM
2 1 (0.35%) HP Quality Center
Vendors
1 13 (4.53%) Oracle
2 11 (3.83%) Bloomberg
3 6 (2.09%) Murex
4 5 (1.74%) Fidessa
4 5 (1.74%) Microsoft
5 4 (1.39%) Calypso
5 4 (1.39%) ION Trading
5 4 (1.39%) Sophis
6 3 (1.05%) GoldenSource
6 3 (1.05%) SunGard
7 2 (0.70%) Cisco
7 2 (0.70%) Cognizant
7 2 (0.70%) Palantir
7 2 (0.70%) Solace
7 2 (0.70%) TIBCO
7 2 (0.70%) Tradeweb
8 1 (0.35%) Avaloq
8 1 (0.35%) FNZ
8 1 (0.35%) Pega
8 1 (0.35%) Tableau
City, London
Harvey Nash plc
Rate: £675 - £725 per day
Posted: 19 hours ago
City, London
Hays Finance Technology
Rate: £550.00 - £600.00 per day
Posted: 4 days ago
City, London
Fruition IT Resources Limited
Rate: £500 - £550 per day
Posted: 10 hours ago
London
CDI Anders Elite Ltd
Posted: 5 days ago
City, London
TEKsystems
Rate: £550 - £650 per day
Posted: 9 hours ago
London
Nicoll Curtin
Rate: £600.00 - £750.00 per day
Posted: 6 days ago
London
McGregor Boyall
Rate: £675 - £800 per day
Posted: 6 days ago
London
McGregor Boyall
Rate: £800 - £1000 per day
Posted: 6 days ago