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 3 July 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
3 Jul 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank - 131 -
Contract jobs citing MiFID 0 3 0
As % of all contract IT jobs located in the South West - 0.10% -
As % of the Quality Assurance & Compliance category - 0.96% -
Number of daily rates quoted 0 3 0
Average daily rate
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- £110 -
UK excluding London average daily rate £475 £550 £350
% change year-on-year
-13.63% +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 South West region.

Quality Assurance & Compliance Category
South West
Contract IT job ads with a match in the
Quality Assurance & Compliance category
278 313 182
As % of all contract IT jobs located in the South West 8.93% 10.85% 8.94%
Number of daily rates quoted 194 204 93
Average daily rate £393 £425 £410
Average daily rate % change year-on-year
-7.64% +3.65%
90% offered a daily rate of more than £263 £275 £253
10% offered a daily rate of more than £525 £540 £500
UK excluding London average daily rate £375 £365 £350
% change year-on-year
+2.73% +4.28%
Number of hourly rates quoted 11 33 12
Average hourly rate £19.46 £30.50 £17.23
Average hourly rate % change year-on-year
-36.21% +77.06%
90% offered a hourly rate of more than £13.00 £15.00 £12.18
10% offered a hourly rate of more than £44.75 £41.85 £40.50
UK excluding London average hourly rate £21.15 £20.50 £18.50
% change year-on-year
+3.14% +10.81%

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