The table below looks at the statistics for MiFID skills in IT contracts advertised for the South West region. Included is a guide to the average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 12 February 2016 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
12 Feb 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank - - -
Contract jobs citing MiFID 0 0 0
As % of all contract IT jobs located in the South West - - -
As % of the Quality Assurance & Compliance category - - -
Number of daily rates quoted 0 0 0
Average daily rate - - -
UK excluding London average daily rate £356 £375 -
% change year-on-year
-5.06% -
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 South West region.

Quality Assurance & Compliance Category
South West
Contract IT job ads with a match in the
Quality Assurance & Compliance category
394 356 255
As % of all contract IT jobs located in the South West 13.23% 11.04% 9.82%
Number of daily rates quoted 256 234 158
Average daily rate £398 £450 £370
Average daily rate % change year-on-year
-11.66% +21.62%
90% offered a daily rate of more than £245 £245 £180
10% offered a daily rate of more than £500 £673 £600
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 36 22 14
Average hourly rate £42.00 £40.00 £23.75
Average hourly rate % change year-on-year
+5.00% +68.42%
90% offered a hourly rate of more than £25.45 £12.08 £10.22
10% offered a hourly rate of more than £50.00 £55.50 £40.75
UK excluding London average hourly rate £42.50 £23.25 £17.08
% change year-on-year
+82.79% +36.16%

MiFID
Jobs Demand Trend in the South West

This chart provides a 3-month moving total of IT contractor jobs citing MiFID across the South West region as a proportion of the total demand within the Quality Assurance & Compliance category.

MiFID Jobs Demand Trend in the South West

MiFID
Daily Rate Trend in the South West

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MiFID across the South West region.

MiFID Daily Rate Trend in the South West

MiFID
Top 7 Related IT Skills in the South West

For the 6 months to 12 February 2016, IT contractor jobs across the South West 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 6 (100.00%) Asset Management
1 6 (100.00%) Business Analysis
1 6 (100.00%) Derivative
1 6 (100.00%) Fund Management
1 6 (100.00%) EMIR
2 1 (16.67%) Dodd-Frank
2 1 (16.67%) FATCA

MiFID
Top Related IT Skills in the South West by Category

For the 6 months to 12 February 2016, IT contractor jobs across the South West 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.

Job Titles
1 6 (100.00%) Analyst
1 6 (100.00%) Asset Management Analyst
1 6 (100.00%) Asset Management Business Analyst
1 6 (100.00%) Business Analyst
1 6 (100.00%) Derivatives Business Analyst
1 6 (100.00%) MiFID Business Analyst
1 6 (100.00%) Senior Analyst
1 6 (100.00%) Senior Business Analyst
Miscellaneous
1 6 (100.00%) Derivative
Processes & Methodologies
1 6 (100.00%) Asset Management
1 6 (100.00%) Business Analysis
1 6 (100.00%) Fund Management
Quality Assurance & Compliance
1 6 (100.00%) EMIR
2 1 (16.67%) Dodd-Frank
2 1 (16.67%) FATCA