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 17 September 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
17 Sep 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 391 396 408
Rank change year-on-year
+5 +12
Contract jobs citing MiFID 24 32 17
As % of all contract IT jobs located in London 0.100% 0.13% 0.065%
As % of the Quality Assurance & Compliance category 1.28% 1.53% 0.78%
Number of daily rates quoted 23 25 13
Average daily rate
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of your Daily Rate
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£625 £750 £525
Average daily rate % change year-on-year
-16.66% +42.85%
90% offered a daily rate of more than £505 £605 £490
10% offered a daily rate of more than £713 £840 £700
UK excluding London average daily rate £450 £950 -
% change year-on-year
-52.63% -
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
1881 2094 2168
As % of all contract IT jobs located in London 7.81% 8.35% 8.26%
Number of daily rates quoted 1300 1446 1506
Average daily rate £438 £475 £475
Average daily rate % change year-on-year
-7.89% -
90% offered a daily rate of more than £275 £285 £290
10% offered a daily rate of more than £600 £650 £638
UK excluding London average daily rate £375 £358 £365
% change year-on-year
+4.89% -2.05%
Number of hourly rates quoted 31 23 48
Average hourly rate £18.00 £20.00 £18.00
Average hourly rate % change year-on-year
-10.00% +11.11%
90% offered a hourly rate of more than £12.50 £13.97 £12.50
10% offered a hourly rate of more than £37.50 £67.00 £50.02
UK excluding London average hourly rate £20.00 £17.50 £21.00
% change year-on-year
+14.28% -16.66%

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 17 September 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 17 September 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 +23 5 £600 +14.28% 4
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 17 September 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 32 (74.42%) EMIR
2 30 (69.77%) Banking
3 21 (48.84%) Investment Banking
4 18 (41.86%) Finance
5 17 (39.53%) Dodd-Frank
6 12 (27.91%) Risk Management
7 10 (23.26%) Business Analysis
8 9 (20.93%) ZaiNet
8 9 (20.93%) SAP Oil and Gas
8 9 (20.93%) Brady
8 9 (20.93%) Dynamics NAV
8 9 (20.93%) Dynamics AX
8 9 (20.93%) Derivative
8 9 (20.93%) SAP
8 9 (20.93%) ERP
8 9 (20.93%) Murex
8 9 (20.93%) OpenLink
8 9 (20.93%) Endur
8 9 (20.93%) ETRM
8 9 (20.93%) Triple Point
8 9 (20.93%) OpenLink RightAngle
8 9 (20.93%) Aligne
9 8 (18.60%) SQL
10 7 (16.28%) Stakeholder Management
11 6 (13.95%) SQL Server
11 6 (13.95%) Project Management
12 5 (11.63%) PRINCE2
12 5 (11.63%) Back Office
12 5 (11.63%) Migration
12 5 (11.63%) Asset Management

MiFID
Top Related IT Skills in London by Category

For the 6 months to 17 September 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 1 (2.33%) SAS
Applications
1 3 (6.98%) MS PowerPoint
Business Applications
1 9 (20.93%) ZaiNet
1 9 (20.93%) SAP Oil and Gas
1 9 (20.93%) Dynamics NAV
1 9 (20.93%) Dynamics AX
1 9 (20.93%) Endur
1 9 (20.93%) OpenLink RightAngle
1 9 (20.93%) Aligne
Database & Business Intelligence
1 6 (13.95%) SQL Server
Development Applications
1 2 (4.65%) Toad
General
1 30 (69.77%) Banking
2 21 (48.84%) Investment Banking
3 18 (41.86%) Finance
4 5 (11.63%) Back Office
5 3 (6.98%) Front Office
6 2 (4.65%) Legal
7 1 (2.33%) Financial Institution
7 1 (2.33%) Manufacturing
7 1 (2.33%) Corporate Banking
7 1 (2.33%) French Language
Job Titles
1 26 (60.47%) Analyst
2 24 (55.81%) Business Analyst
3 14 (32.56%) Project Manager
4 5 (11.63%) Banking Business Analyst
5 3 (6.98%) Consultant
5 3 (6.98%) Investment Banking Business Analyst
6 2 (4.65%) Project Consultant
6 2 (4.65%) Middle Office Analyst
6 2 (4.65%) FX Business Analyst
6 2 (4.65%) Technical Business Analyst
6 2 (4.65%) Business Manager
6 2 (4.65%) Business Project Manager
6 2 (4.65%) Technical Analyst
6 2 (4.65%) Senior Analyst
6 2 (4.65%) Data Analyst
6 2 (4.65%) Architect
6 2 (4.65%) Senior Business Analyst
7 1 (2.33%) Test Analyst
7 1 (2.33%) Business Systems Analyst
7 1 (2.33%) Systems Analyst
Libraries, Frameworks & Software Standards
1 1 (2.33%) .NET
1 1 (2.33%) .NET Framework
Miscellaneous
1 9 (20.93%) Derivative
2 5 (11.63%) Analytical Skills
3 4 (9.30%) Foreign Exchange (FX)
4 3 (6.98%) Reference Data
5 2 (4.65%) Hedge funds
5 2 (4.65%) Credit Derivative
6 1 (2.33%) PMI
Processes & Methodologies
1 12 (27.91%) Risk Management
2 10 (23.26%) Business Analysis
3 9 (20.93%) ERP
3 9 (20.93%) ETRM
4 7 (16.28%) Stakeholder Management
5 6 (13.95%) Project Management
6 5 (11.63%) PRINCE2
6 5 (11.63%) Migration
6 5 (11.63%) Asset Management
7 4 (9.30%) Data Migration
7 4 (9.30%) Agile Software Development
8 3 (6.98%) Change Management
8 3 (6.98%) Stakeholder Engagement
8 3 (6.98%) Wealth Management
9 2 (4.65%) Investment Management
9 2 (4.65%) Time Management
9 2 (4.65%) Algorithmic Trading
9 2 (4.65%) Use Case
9 2 (4.65%) Data Analysis
9 2 (4.65%) Technical Analysis
Programming Languages
1 8 (18.60%) SQL
2 1 (2.33%) VBA
Qualifications
1 3 (6.98%) ISEB
1 3 (6.98%) PRINCE2 Certification
2 2 (4.65%) PMI Certification
3 1 (2.33%) PMP
Quality Assurance & Compliance
1 32 (74.42%) EMIR
2 17 (39.53%) Dodd-Frank
3 4 (9.30%) FATCA
4 2 (4.65%) Basel III
4 2 (4.65%) UCITS
Vendors
1 9 (20.93%) Brady
1 9 (20.93%) SAP
1 9 (20.93%) Murex
1 9 (20.93%) OpenLink
1 9 (20.93%) Triple Point
2 1 (2.33%) Informatica
2 1 (2.33%) GoldenSource
2 1 (2.33%) Pega
London
Hays IT - Uk Posting account
Rate: £500.00 - £650 per day
Posted: 11 days ago
City of London
Huxley Associates
Rate: £600 - £750 per day + competitive
Posted: 13 days ago
London
Hays IT - Uk Posting account
Rate: £500.00 - £600.00 per day
Posted: 15 days ago
City of London
Orgtel
Rate: £525 - £585 per day
Posted: 26 days ago