The table below looks at the statistics for MiFID skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 4 September 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
4 Sep 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 526 582 548
Rank change year-on-year
+56 -34
Contract jobs citing MiFID 107 28 39
As % of all contract IT jobs located in the UK 0.18% 0.050% 0.075%
As % of the Quality Assurance & Compliance category 2.31% 0.63% 1.01%
Number of daily rates quoted 77 25 32
Average daily rate
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of your Daily Rate
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£600 £555 £750
Average daily rate % change year-on-year
+8.10% -26.00%
90% offered a daily rate of more than £450 £459 £600
10% offered a daily rate of more than £725 £713 £940
UK excluding London average daily rate £475 £110 £950
% change year-on-year
+331.81% -88.42%
Number of hourly rates quoted 1 0 0
Average hourly rate £17.00 - -
UK excluding London average hourly rate £17.00 - -

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised across the UK.

Quality Assurance & Compliance Category
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4641 4444 3866
As % of all contract IT jobs located in the UK 7.94% 7.96% 7.42%
Number of daily rates quoted 2845 2692 2265
Average daily rate £425 £400 £425
Average daily rate % change year-on-year
+6.25% -5.88%
90% offered a daily rate of more than £265 £225 £260
10% offered a daily rate of more than £575 £558 £625
UK excluding London average daily rate £400 £375 £353
% change year-on-year
+6.66% +6.38%
Number of hourly rates quoted 198 203 164
Average hourly rate £21.55 £19.75 £17.50
Average hourly rate % change year-on-year
+9.11% +12.85%
90% offered a hourly rate of more than £11.86 £12.00 £10.50
10% offered a hourly rate of more than £49.75 £45.00 £37.50
UK excluding London average hourly rate £21.64 £20.00 £17.50
% change year-on-year
+8.20% +14.28%

MiFID
Jobs Demand Trend

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

MiFID Jobs Demand Trend in the UK

MiFID
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MiFID within the UK.

MiFID Daily Rate Trend in the UK

MiFID
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID within the UK over the 3 months to 4 September 2015.

MiFID Daily Rate Histogram in the UK

MiFID
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing MiFID within the UK.

MiFID Hourly Rate Trend in the UK

MiFID
Top 11 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing MiFID within the UK over the 3 months to 4 September 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
England +71 102 £600 +3.89% 50
London +82 100 £600 - 47
City of London +15 12 £575 +9.52% 12
Docklands, London -6 2 £613 +10.36% 1
Scotland -10 2 £475 +5.55% 1
Edinburgh - 2 £475 -
South West -6 1 £450 +309.09% 1
Tyne and Wear - 1 - -
Bristol - 1 £450 - 1
Newcastle upon Tyne - 1 - -
North East - 1 - -

MiFID
Top 30 Related IT Skills

For the 6 months to 4 September 2015, IT contractor jobs within the UK 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.

1 113 (62.09%) Banking
2 106 (58.24%) EMIR
3 86 (47.25%) Finance
4 80 (43.96%) Dodd-Frank
5 75 (41.21%) Investment Banking
6 49 (26.92%) Front Office
7 40 (21.98%) Business Analysis
8 38 (20.88%) Fixed Income
9 37 (20.33%) Project Management
10 36 (19.78%) Stakeholder Management
11 34 (18.68%) Asset Management
12 33 (18.13%) Derivative
13 32 (17.58%) Equities
14 28 (15.38%) Foreign Exchange (FX)
15 23 (12.64%) SQL
16 20 (10.99%) Back Office
17 19 (10.44%) AIFMD
18 16 (8.79%) Investment Management
19 12 (6.59%) Scrum
19 12 (6.59%) Degree
19 12 (6.59%) JIRA
19 12 (6.59%) Wealth Management
19 12 (6.59%) FATCA
19 12 (6.59%) Target Operating Model
20 11 (6.04%) SDLC
20 11 (6.04%) Solvency II
20 11 (6.04%) Workflow
21 10 (5.49%) Change Management
21 10 (5.49%) Agile Software Development
21 10 (5.49%) MS Excel

MiFID
Top Related IT Skills by Category

For the 6 months to 4 September 2015, IT contractor jobs within the UK 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 (0.55%) SharePoint
1 1 (0.55%) Oracle Workflow
Applications
1 10 (5.49%) MS Excel
2 9 (4.95%) MS Visio
3 6 (3.30%) MS PowerPoint
4 4 (2.20%) MS Office
5 3 (1.65%) MS Project
6 1 (0.55%) Open Workbench
Business Applications
1 4 (2.20%) Summit
Communications & Networking
1 1 (0.55%) HTTPS
1 1 (0.55%) DSL
Database & Business Intelligence
1 4 (2.20%) Data Mining
2 1 (0.55%) BusinessObjects
2 1 (0.55%) Data Warehouse
Development Applications
1 12 (6.59%) JIRA
2 2 (1.10%) Toad
3 1 (0.55%) FitNesse
3 1 (0.55%) Gradle
3 1 (0.55%) Ant
3 1 (0.55%) JUnit
3 1 (0.55%) Rational Rose
General
1 113 (62.09%) Banking
2 86 (47.25%) Finance
3 75 (41.21%) Investment Banking
4 49 (26.92%) Front Office
5 20 (10.99%) Back Office
6 7 (3.85%) Legal
6 7 (3.85%) Private Banking
7 5 (2.75%) Retail
8 3 (1.65%) Advertising
8 3 (1.65%) Marketing
9 2 (1.10%) Financial Institution
9 2 (1.10%) Corporate Banking
9 2 (1.10%) Games
10 1 (0.55%) Telecoms
10 1 (0.55%) Retail Banking
Job Titles
1 106 (58.24%) Analyst
2 104 (57.14%) Business Analyst
3 54 (29.67%) Project Manager
4 18 (9.89%) Banking Business Analyst
5 14 (7.69%) Senior Business Analyst
5 14 (7.69%) Senior Analyst
6 12 (6.59%) Lead Business Analyst
7 10 (5.49%) MiFID Project Manager
7 10 (5.49%) Investment Banking Business Analyst
8 9 (4.95%) Project Analyst
9 8 (4.40%) Consultant
10 7 (3.85%) Development Manager
10 7 (3.85%) Business Consultant
10 7 (3.85%) Delivery Manager
11 6 (3.30%) Business Project Manager
11 6 (3.30%) Business Manager
11 6 (3.30%) IT Business Analyst
11 6 (3.30%) MiFID Business Analyst
12 4 (2.20%) Banking Analyst
12 4 (2.20%) Senior Manager
Libraries, Frameworks & Software Standards
1 6 (3.30%) FpML
2 4 (2.20%) .NET
3 3 (1.65%) XML
4 1 (0.55%) JMS
4 1 (0.55%) Middleware
4 1 (0.55%) EJB
4 1 (0.55%) FIX Protocol
4 1 (0.55%) REST
Miscellaneous
1 38 (20.88%) Fixed Income
2 33 (18.13%) Derivative
3 32 (17.58%) Equities
4 28 (15.38%) Foreign Exchange (FX)
5 10 (5.49%) Market Risk
6 8 (4.40%) Hedge funds
6 8 (4.40%) ASIC
6 8 (4.40%) Analytical Skills
7 7 (3.85%) Credit Risk
8 6 (3.30%) Reference Data
9 5 (2.75%) User Experience
10 4 (2.20%) DTCC
10 4 (2.20%) Computer Science
11 2 (1.10%) Management Information System
11 2 (1.10%) Equity Derivative
12 1 (0.55%) Statistics
12 1 (0.55%) Interest Rate Derivative
12 1 (0.55%) PMI
12 1 (0.55%) Mathematics
Processes & Methodologies
1 40 (21.98%) Business Analysis
2 37 (20.33%) Project Management
3 36 (19.78%) Stakeholder Management
4 34 (18.68%) Asset Management
5 16 (8.79%) Investment Management
6 12 (6.59%) Wealth Management
6 12 (6.59%) Scrum
6 12 (6.59%) Target Operating Model
7 11 (6.04%) SDLC
7 11 (6.04%) Workflow
8 10 (5.49%) Agile Software Development
8 10 (5.49%) Change Management
9 8 (4.40%) Fund Management
9 8 (4.40%) User Acceptance Testing
10 7 (3.85%) Test Strategy
10 7 (3.85%) Data Analysis
11 6 (3.30%) Validation
11 6 (3.30%) Algorithmic Trading
12 5 (2.75%) System Testing
13 4 (2.20%) System Integration Testing
Programming Languages
1 23 (12.64%) SQL
2 4 (2.20%) C#
3 1 (0.55%) Java
3 1 (0.55%) VBA
Qualifications
1 12 (6.59%) Degree
2 4 (2.20%) ISEB
2 4 (2.20%) PRINCE2 Certification
3 3 (1.65%) IIBA
3 3 (1.65%) CBAP
4 1 (0.55%) APMP
4 1 (0.55%) ISTQB Advanced Certification
4 1 (0.55%) PMP
4 1 (0.55%) PMI Certification
4 1 (0.55%) CISA
4 1 (0.55%) CISM
4 1 (0.55%) ISTQB
Quality Assurance & Compliance
1 106 (58.24%) EMIR
2 80 (43.96%) Dodd-Frank
3 19 (10.44%) AIFMD
4 12 (6.59%) FATCA
5 11 (6.04%) Solvency II
6 7 (3.85%) QA
7 3 (1.65%) UCITS
8 2 (1.10%) Basel III
8 2 (1.10%) Sarbanes-Oxley
9 1 (0.55%) ISO/IEC 27001
Systems Management
1 8 (4.40%) HP Quality Center
Vendors
1 7 (3.85%) HP
2 5 (2.75%) Oracle
2 5 (2.75%) Microsoft
3 4 (2.20%) Murex
3 4 (2.20%) Calypso
3 4 (2.20%) Salesforce.com
4 3 (1.65%) Fidessa
5 2 (1.10%) Bloomberg
5 2 (1.10%) Charles River
5 2 (1.10%) Pega
6 1 (0.55%) Informatica
6 1 (0.55%) Wall Street Systems
City, London
Hays Finance Technology
Rate: £600.00 - £700.00 per day
Posted: 18 hours ago
London
TEKsystems
Rate: £800 - £900 per day
Posted: 19 hours ago
City, London
Hays Finance Technology
Rate: £540.00 per day
Posted: 19 hours ago
London
Harrington Starr
Rate: £500 - £550 per day
Posted: Yesterday
London
TEKsystems
Rate: £550 - £650 per day
Posted: Yesterday
London
Hays Finance Technology
Rate: £500.00 - £550.00 per day
Posted: Yesterday
London
Oliver Bernard
Rate: From £550 to £600 per day
Posted: 2 days ago
City of London
iKonnect
Posted: 2 days ago
London
TEKsystems
Rate: £600 - £700 per day
Posted: 2 days ago
London
Huxley Banking & Financial Services
Rate: £550 - £600 per day
Posted: 4 days ago
City of London
Interquest - IQ Telecom
Rate: £500 - £650 per day
Posted: 4 days ago
City, London
Deerfoot IT
Rate: competitive daily rate
Posted: 4 days ago
London
Hays IT - Uk Posting account
Rate: £500.00 - £600.00 per day
Posted: 11 days ago
London
Real Staffing
Rate: £600 per day + competitive
Posted: 11 days ago
London
Real Staffing
Rate: £500 - £600 per day + competitive
Posted: 12 days ago
Docklands
iKonnect
Rate: £600 - £700 per day
Posted: 16 days ago
London
Hays IT - Uk Posting account
Rate: £650.00 - £675.00 per day
Posted: 17 days ago
City of London
Deerfoot IT
Rate: competitive daily rate
Posted: 19 days ago
London
Orgtel
Rate: £550 - £600 per day
Posted: 19 days ago
London
Hays IT - Uk Posting account
Rate: £500.00 - £600.00 per day
Posted: 24 days ago