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 29 May 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
29 May 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 340 377 388
Rank change year-on-year
+37 +11
Contract jobs citing MiFID 62 28 12
As % of all contract IT jobs located in London 0.28% 0.12% 0.054%
As % of the Quality Assurance & Compliance category 3.50% 1.46% 0.63%
Number of daily rates quoted 52 22 11
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£625 £550 £600
Average daily rate % change year-on-year
+13.63% -8.33%
90% offered a daily rate of more than £550 £415 £500
10% offered a daily rate of more than £750 £675 £675
UK excluding London average daily rate £400 £650 £350
% change year-on-year
-38.46% +85.71%
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
1773 1920 1894
As % of all contract IT jobs located in London 8.09% 8.43% 8.57%
Number of daily rates quoted 1253 1383 1325
Average daily rate £475 £450 £475
Average daily rate % change year-on-year
+5.55% -5.26%
90% offered a daily rate of more than £300 £275 £300
10% offered a daily rate of more than £626 £625 £625
UK excluding London average daily rate £375 £363 £350
% change year-on-year
+3.44% +3.57%
Number of hourly rates quoted 21 24 33
Average hourly rate £20.00 £22.75 £27.00
Average hourly rate % change year-on-year
-12.08% -15.74%
90% offered a hourly rate of more than £12.80 £14.40 £13.98
10% offered a hourly rate of more than £117.00 £59.95 £135.00
UK excluding London average hourly rate £21.55 £21.00 £18.50
% change year-on-year
+2.61% +13.51%

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 29 May 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 29 May 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 +22 17 £650 +36.84% 11
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 29 May 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 57 (57.58%) EMIR
2 50 (50.51%) Banking
3 36 (36.36%) Finance
4 34 (34.34%) Investment Banking
4 34 (34.34%) Dodd-Frank
5 23 (23.23%) Front Office
6 19 (19.19%) Stakeholder Management
7 18 (18.18%) Asset Management
8 17 (17.17%) Derivative
9 16 (16.16%) Business Analysis
9 16 (16.16%) Equities
10 15 (15.15%) Project Management
11 13 (13.13%) SQL
11 13 (13.13%) Fixed Income
12 12 (12.12%) Foreign Exchange (FX)
13 9 (9.09%) Scrum
14 8 (8.08%) Back Office
14 8 (8.08%) FATCA
15 7 (7.07%) AIFMD
15 7 (7.07%) Investment Management
16 6 (6.06%) JIRA
16 6 (6.06%) Change Management
17 5 (5.05%) Risk Management
17 5 (5.05%) ASIC
17 5 (5.05%) MS Excel
17 5 (5.05%) QA
17 5 (5.05%) Agile Software Development
17 5 (5.05%) Workflow
17 5 (5.05%) Analytics
17 5 (5.05%) Basel III

MiFID
Top Related IT Skills in London by Category

For the 6 months to 29 May 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 1 (1.01%) MTS
Applications
1 5 (5.05%) MS Excel
2 3 (3.03%) MS Visio
2 3 (3.03%) MS Office
3 1 (1.01%) MS Project
3 1 (1.01%) MS PowerPoint
Business Applications
1 1 (1.01%) ION MarketView
1 1 (1.01%) SunGard Stream Clearvision
1 1 (1.01%) Rolfe and Nolan
Communications & Networking
1 1 (1.01%) DSL
Database & Business Intelligence
1 2 (2.02%) SQL Server
2 1 (1.01%) Data Mining
2 1 (1.01%) MS Access
2 1 (1.01%) Relational Database
Development Applications
1 6 (6.06%) JIRA
2 1 (1.01%) Rational Rose
General
1 50 (50.51%) Banking
2 36 (36.36%) Finance
3 34 (34.34%) Investment Banking
4 23 (23.23%) Front Office
5 8 (8.08%) Back Office
6 2 (2.02%) Retail
6 2 (2.02%) Private Banking
6 2 (2.02%) Legal
7 1 (1.01%) Advertising
7 1 (1.01%) Telecoms
7 1 (1.01%) Financial Institution
Job Titles
1 58 (58.59%) Analyst
2 56 (56.57%) Business Analyst
3 29 (29.29%) Project Manager
4 10 (10.10%) Banking Business Analyst
4 10 (10.10%) MiFID Business Analyst
5 7 (7.07%) Senior Business Analyst
5 7 (7.07%) Senior Analyst
6 6 (6.06%) Business Project Manager
6 6 (6.06%) Business Manager
6 6 (6.06%) MiFID Project Manager
7 5 (5.05%) Development Manager
7 5 (5.05%) Investment Banking Business Analyst
7 5 (5.05%) Delivery Manager
7 5 (5.05%) Test Leader
8 4 (4.04%) Project Analyst
8 4 (4.04%) Lead Business Analyst
8 4 (4.04%) IT Business Analyst
9 3 (3.03%) Contracts Manager
10 2 (2.02%) Senior IT Business Analyst
10 2 (2.02%) Report Analyst
Libraries, Frameworks & Software Standards
1 2 (2.02%) FpML
2 1 (1.01%) Middleware
2 1 (1.01%) XML
2 1 (1.01%) FIX Protocol
Miscellaneous
1 17 (17.17%) Derivative
2 16 (16.16%) Equities
3 13 (13.13%) Fixed Income
4 12 (12.12%) Foreign Exchange (FX)
5 5 (5.05%) ASIC
6 4 (4.04%) Reference Data
7 3 (3.03%) Credit Risk
8 2 (2.02%) Hedge funds
8 2 (2.02%) Equity Derivative
8 2 (2.02%) DTCC
8 2 (2.02%) Market Risk
9 1 (1.01%) User Experience
9 1 (1.01%) Analytical Skills
9 1 (1.01%) Eurex
Operating Systems
1 1 (1.01%) Windows
Processes & Methodologies
1 19 (19.19%) Stakeholder Management
2 18 (18.18%) Asset Management
3 16 (16.16%) Business Analysis
4 15 (15.15%) Project Management
5 9 (9.09%) Scrum
6 7 (7.07%) Investment Management
7 6 (6.06%) Change Management
8 5 (5.05%) Risk Management
8 5 (5.05%) Agile Software Development
8 5 (5.05%) Workflow
8 5 (5.05%) Analytics
9 4 (4.04%) Wealth Management
9 4 (4.04%) Electronic Trading
9 4 (4.04%) System Testing
9 4 (4.04%) GAP Analysis
10 3 (3.03%) Validation
10 3 (3.03%) Automation Testing
10 3 (3.03%) Line Management
11 2 (2.02%) SDLC
11 2 (2.02%) Waterfall
Programming Languages
1 13 (13.13%) SQL
2 2 (2.02%) Ruby
2 2 (2.02%) C#
2 2 (2.02%) C++
2 2 (2.02%) Java
2 2 (2.02%) Perl
2 2 (2.02%) Python
3 1 (1.01%) VBA
Qualifications
1 3 (3.03%) Degree
2 2 (2.02%) PRINCE2 Certification
3 1 (1.01%) CISA
3 1 (1.01%) CISM
3 1 (1.01%) CCA
Quality Assurance & Compliance
1 57 (57.58%) EMIR
2 34 (34.34%) Dodd-Frank
3 8 (8.08%) FATCA
4 7 (7.07%) AIFMD
5 5 (5.05%) QA
5 5 (5.05%) Basel III
6 2 (2.02%) Solvency II
7 1 (1.01%) ISO/IEC 27001
7 1 (1.01%) UCITS
Systems Management
1 4 (4.04%) HP Quality Center
Vendors
1 4 (4.04%) Microsoft
1 4 (4.04%) HP
2 2 (2.02%) Actimize
2 2 (2.02%) Oracle
2 2 (2.02%) Sybase
3 1 (1.01%) Salesforce.com
3 1 (1.01%) Fidessa
3 1 (1.01%) Wall Street Systems
3 1 (1.01%) Pega
3 1 (1.01%) Avaloq
3 1 (1.01%) ION Trading
London
Real Staffing
Rate: £500 - £550 per day + competitive
Posted: Yesterday
City, London
McGregor Boyall
Rate: £550 - £600 per day
Posted: Yesterday
London
Orgtel
Rate: £650 - £750 per day + competitive
Posted: Yesterday
City of London
Real Staffing
Rate: £650 - £700 per day
Posted: Yesterday
City, London
TEKsystems
Posted: 2 days ago
London
iKonnect
Rate: £550 - £610 per day
Posted: 2 days ago
City, London
TEKsystems
Rate: £550 - £650 per day
Posted: 5 days ago
City of London
Interquest - IQ Telecom
Rate: £500 - £600 per day
Posted: 8 days ago
London
Orgtel
Rate: £550 - £650 per day + competitive
Posted: 10 days ago
City of London
Huxley Banking & Financial Services
Rate: £650 - £750 per day + competitive
Posted: 17 days ago
London
Real Staffing
Rate: £700 per day + competitive
Posted: 20 days ago
London
Huxley Banking & Financial Services
Rate: £600 - £750 per day
Posted: 25 days ago
London
Huxley Banking & Financial Services
Rate: £500 - £600 per day
Posted: 26 days ago