The table below looks at the statistics for MiFID skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited MiFID over the 3 months to 28 February 2017 with a comparison to the same period over 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.

3 months to
28 Feb 2017
Same period 2016 Same period 2015
Markets in Financial Instruments Directive (MiFID)
UK
Rank 282 492 563
Rank change year-on-year
+210 +71
Contract jobs citing MiFID 357 144 43
As % of all contract IT jobs located in the UK 0.78% 0.28% 0.083%
As % of the Quality Assurance & Compliance category 6.74% 2.43% 0.71%
Number of daily rates quoted 268 97 29
Median daily rate £575 £585 £550
Median daily rate % change year-on-year
-1.70% +6.36%
90% offered a daily rate of more than £473 £414 £265
10% offered a daily rate of more than £700 £750 £700
UK excluding London median daily rate £450 £341 £375
% change year-on-year
+32.15% -9.20%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
5297 5929 6080
As % of all contract IT jobs located in the UK 11.64% 11.58% 11.78%
Number of daily rates quoted 3494 3777 3725
Median daily rate £438 £413 £400
Median daily rate % change year-on-year
+5.93% +3.25%
90% offered a daily rate of more than £260 £250 £225
10% offered a daily rate of more than £620 £590 £600
UK excluding London median daily rate £400 £390 £380
% change year-on-year
+2.56% +2.63%
Number of hourly rates quoted 164 200 172
Median hourly rate £22.70 £42.00 £22.50
Median hourly rate % change year-on-year
-45.95% +86.66%
90% offered a hourly rate of more than £11.00 £14.06 £11.00
10% offered a hourly rate of more than £52.50 £60.99 £49.50
UK excluding London median hourly rate £21.50 £42.50 £23.50
% change year-on-year
-49.41% +80.85%

MiFID
Jobs Demand Trend

The demand trend of contract jobs citing MiFID as a proportion of all IT contracts with a match in 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 28 February 2017.

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 21 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the UK over the 3 months to 28 February 2017. 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 Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +189 348 £575 -2.95% 46
London +142 340 £575 -4.16% 46
City of London +56 84 £600 -1.63% 13
Scotland +24 7 £419 +28.84%
Glasgow +4 4 - -
Canary Wharf -2 4 £500 -25.92%
South East +19 3 £575 -
Edinburgh - 3 £419 -
Docklands, London - 3 £600 -
South West - 2 £395 -
North West - 2 £278 -
Knutsford - 2 £278 -
Cheshire - 2 £278 -
Surrey - 2 £575 -
Berkshire - 1 £575 -
Somerset - 1 £340 -
Wiltshire - 1 £450 -
Street - 1 £340 -
Swindon - 1 £450 -
East of England - 1 £450 -
Essex - 1 £450 -

MiFID
Top 30 Related IT Skills

For the 6 months to 28 February 2017, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for MiFID.

1 304 (49.11%) Finance
2 267 (43.13%) Banking
3 191 (30.86%) Front Office
4 158 (25.53%) Business Analysis
5 153 (24.72%) EMIR
6 140 (22.62%) Derivative
7 125 (20.19%) Investment Banking
8 123 (19.87%) Dodd-Frank
9 120 (19.39%) Stakeholder Management
10 110 (17.77%) Equities
11 103 (16.64%) Agile Software Development
12 101 (16.32%) Project Management
13 97 (15.67%) Foreign Exchange (FX)
14 89 (14.38%) SQL
15 88 (14.22%) Fixed Income
16 82 (13.25%) Java
17 78 (12.60%) Asset Management
18 75 (12.12%) Change Management
19 61 (9.85%) Unix
20 60 (9.69%) Investment Management
21 58 (9.37%) GAP Analysis
22 54 (8.72%) Scrum
22 54 (8.72%) Wealth Management
23 51 (8.24%) SDLC
24 45 (7.27%) Electronic Trading
25 43 (6.95%) XML
26 40 (6.46%) Back Office
27 39 (6.30%) Analytical Skills
28 38 (6.14%) Degree
29 37 (5.98%) Spring

MiFID
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 3 (0.48%) Confluence
1 3 (0.48%) WebLogic
1 3 (0.48%) WebSphere
2 1 (0.16%) Apache Spark
2 1 (0.16%) MTS
2 1 (0.16%) Oracle SOA Suite
Applications
1 12 (1.94%) MS Excel
2 10 (1.62%) MS PowerPoint
3 7 (1.13%) MS Office
4 5 (0.81%) MS Project
4 5 (0.81%) MS Visio
Business Applications
1 5 (0.81%) ION MarketView
1 5 (0.81%) Summit
2 4 (0.65%) Bloomberg TOMS
3 3 (0.48%) Murex MxG2000
3 3 (0.48%) thinkFolio
4 2 (0.32%) Sonata
5 1 (0.16%) BondVision
5 1 (0.16%) BusinessWorks
5 1 (0.16%) CA PPM
5 1 (0.16%) Markit EDM
5 1 (0.16%) RMDS
5 1 (0.16%) Sentinel
5 1 (0.16%) SimCorp Dimension
5 1 (0.16%) Temenos T24
Cloud Services
1 9 (1.45%) Amazon AWS
1 9 (1.45%) Microsoft Azure
Communications & Networking
1 7 (1.13%) DSL
2 6 (0.97%) TCP/IP
3 3 (0.48%) Multicast
4 2 (0.32%) HTTP
4 2 (0.32%) Internet
5 1 (0.16%) Extranet
5 1 (0.16%) Network Security
Database & Business Intelligence
1 30 (4.85%) Relational Database
2 28 (4.52%) DB2
3 14 (2.26%) Big Data
4 11 (1.78%) Data Warehouse
4 11 (1.78%) Hadoop
4 11 (1.78%) SQL Server
5 10 (1.62%) KDB
6 6 (0.97%) Oracle Database
7 4 (0.65%) Hazelcast
8 3 (0.48%) Data Mining
8 3 (0.48%) Kdb+
8 3 (0.48%) SQL Server 2008
9 2 (0.32%) Apache Hive
9 2 (0.32%) HBase
9 2 (0.32%) MongoDB
9 2 (0.32%) MS Access
9 2 (0.32%) NoSQL
9 2 (0.32%) SQL Server Analysis Services
10 1 (0.16%) Apache Cassandra
10 1 (0.16%) Neo4j
Development Applications
1 24 (3.88%) Git (software)
1 24 (3.88%) Maven
2 23 (3.72%) Gradle
2 23 (3.72%) Jenkins
3 22 (3.55%) Cucumber
4 21 (3.39%) Concordion
4 21 (3.39%) JBehave
5 20 (3.23%) Ant
6 19 (3.07%) Hudson
7 17 (2.75%) JUnit
8 13 (2.10%) Selenium
9 9 (1.45%) FitNesse
10 8 (1.29%) JIRA
11 6 (0.97%) TeamCity
11 6 (0.97%) webpack
12 5 (0.81%) Mockito
12 5 (0.81%) Subversion
13 2 (0.32%) EasyMock
13 2 (0.32%) Eclipse
14 1 (0.16%) WATIR
General
1 304 (49.11%) Finance
2 267 (43.13%) Banking
3 191 (30.86%) Front Office
4 125 (20.19%) Investment Banking
5 40 (6.46%) Back Office
6 33 (5.33%) Legal
7 11 (1.78%) Advertising
7 11 (1.78%) Financial Institution
7 11 (1.78%) Retail
8 9 (1.45%) Prime Brokerage
8 9 (1.45%) Private Banking
9 5 (0.81%) Corporate Banking
9 5 (0.81%) French Language
10 4 (0.65%) Wholesale Banking
11 3 (0.48%) Retail Banking
11 3 (0.48%) Telecoms
12 2 (0.32%) German Language
12 2 (0.32%) International Banking
12 2 (0.32%) Mandarin Language
12 2 (0.32%) Marketing
Job Titles
1 335 (54.12%) Business Analyst
2 334 (53.96%) Analyst
3 233 (37.64%) MiFID Business Analyst
4 88 (14.22%) Developer
5 85 (13.73%) Project Manager
6 60 (9.69%) Regulatory Business Analyst
7 49 (7.92%) Senior Business Analyst
8 48 (7.75%) Senior Analyst
9 46 (7.43%) Java Developer
10 44 (7.11%) MiFID Project Manager
11 39 (6.30%) Architect
12 34 (5.49%) Front Office Business Analyst
13 32 (5.17%) Banking Analyst
13 32 (5.17%) Derivatives Business Analyst
14 31 (5.01%) IT Analyst
14 31 (5.01%) IT Business Analyst
15 29 (4.68%) Business IT Analyst
16 28 (4.52%) Investment Banking Business Analyst
17 24 (3.88%) Report Analyst
18 20 (3.23%) C++ Developer
Libraries, Frameworks & Software Standards
1 43 (6.95%) XML
2 37 (5.98%) Spring
3 34 (5.49%) FIX Protocol
4 30 (4.85%) FpML
5 26 (4.20%) Middleware
6 25 (4.04%) HTML
7 23 (3.72%) JSON
8 20 (3.23%) HTML5
8 20 (3.23%) SOAP
9 16 (2.58%) Boost C++ Libraries
9 16 (2.58%) STL
10 13 (2.10%) Protocol Buffers
11 9 (1.45%) Node.js
12 7 (1.13%) WebSockets
13 5 (0.81%) .NET
13 5 (0.81%) AngularJS
13 5 (0.81%) JMS
14 4 (0.65%) Hibernate
14 4 (0.65%) Murex MxML
14 4 (0.65%) React
Miscellaneous
1 140 (22.62%) Derivative
2 110 (17.77%) Equities
3 97 (15.67%) Foreign Exchange (FX)
4 88 (14.22%) Fixed Income
5 39 (6.30%) Analytical Skills
6 33 (5.33%) Fintech
7 25 (4.04%) Equity Derivative
8 21 (3.39%) Reference Data
9 20 (3.23%) OTC Derivatives
10 16 (2.58%) Algorithms
11 14 (2.26%) Market Risk
12 13 (2.10%) Computer Science
13 12 (1.94%) Credit Risk
13 12 (1.94%) N-Tier
14 8 (1.29%) ASIC
14 8 (1.29%) Management Information System
15 7 (1.13%) User Experience
16 6 (0.97%) DTCC
16 6 (0.97%) Hedge funds
16 6 (0.97%) Interest Rate Derivative
Operating Systems
1 61 (9.85%) Unix
2 30 (4.85%) Linux
3 13 (2.10%) Windows
4 4 (0.65%) Solaris
5 1 (0.16%) Windows Server
Processes & Methodologies
1 158 (25.53%) Business Analysis
2 120 (19.39%) Stakeholder Management
3 103 (16.64%) Agile Software Development
4 101 (16.32%) Project Management
5 78 (12.60%) Asset Management
6 75 (12.12%) Change Management
7 60 (9.69%) Investment Management
8 58 (9.37%) GAP Analysis
9 54 (8.72%) Scrum
9 54 (8.72%) Wealth Management
10 51 (8.24%) SDLC
11 45 (7.27%) Electronic Trading
12 32 (5.17%) Microservices
13 31 (5.01%) Target Operating Model
14 30 (4.85%) Data Modelling
15 29 (4.68%) Data Management
15 29 (4.68%) OO
16 28 (4.52%) Algorithmic Trading
16 28 (4.52%) Low Latency
17 27 (4.36%) Risk Management
Programming Languages
1 89 (14.38%) SQL
2 82 (13.25%) Java
3 31 (5.01%) Shell Script
4 28 (4.52%) C++
5 17 (2.75%) JavaScript
6 15 (2.42%) C#
7 7 (1.13%) PL/SQL
8 6 (0.97%) ES6
9 5 (0.81%) C
9 5 (0.81%) Python
10 2 (0.32%) Perl
10 2 (0.32%) Scala
10 2 (0.32%) T-SQL
10 2 (0.32%) VBA
11 1 (0.16%) Ruby
11 1 (0.16%) VB.NET
11 1 (0.16%) VBScript
11 1 (0.16%) VC++
Qualifications
1 38 (6.14%) Degree
2 13 (2.10%) PMI Certification
2 13 (2.10%) PMP
3 11 (1.78%) ISEB
4 6 (0.97%) PRINCE2 Practitioner
5 3 (0.48%) PgMP
6 2 (0.32%) CBAP
6 2 (0.32%) ISTQB
6 2 (0.32%) PRINCE2 Certification
7 1 (0.16%) CAPM
7 1 (0.16%) CFA
7 1 (0.16%) CISA
7 1 (0.16%) CISM
7 1 (0.16%) CISSP
7 1 (0.16%) IIBA
7 1 (0.16%) QiCA
7 1 (0.16%) Security Cleared
7 1 (0.16%) Six Sigma Black Belt
Quality Assurance & Compliance
1 153 (24.72%) EMIR
2 123 (19.87%) Dodd-Frank
3 23 (3.72%) FATCA
4 21 (3.39%) QA
5 13 (2.10%) PMO
6 11 (1.78%) Basel III
6 11 (1.78%) IFRS
6 11 (1.78%) IFRS 9
7 10 (1.62%) AIFMD
7 10 (1.62%) Solvency II
8 4 (0.65%) Data Quality
8 4 (0.65%) GDPR
9 3 (0.48%) SEPA
10 2 (0.32%) UCITS
11 1 (0.16%) CRD IV
11 1 (0.16%) ISO20022
11 1 (0.16%) SDET
11 1 (0.16%) SLA
System Software
1 19 (3.07%) Docker
2 7 (1.13%) HDFS
Systems Management
1 1 (0.16%) Kubernetes
Vendors
1 23 (3.72%) Bloomberg
2 19 (3.07%) Perforce
3 18 (2.91%) Oracle
4 13 (2.10%) Murex
5 11 (1.78%) Solace
6 10 (1.62%) Fidessa
6 10 (1.62%) ION Trading
7 9 (1.45%) Cognizant
7 9 (1.45%) Sybase
8 7 (1.13%) Microsoft
9 5 (0.81%) Calypso
9 5 (0.81%) Charles River
9 5 (0.81%) Reuters
9 5 (0.81%) TIBCO
10 3 (0.48%) Adobe
10 3 (0.48%) GoldenSource
10 3 (0.48%) Tradeweb
11 2 (0.32%) FNZ
11 2 (0.32%) Google
11 2 (0.32%) Temenos
City of London
Real Staffing
Rate: £500 - £550 per day + competitive
Posted: 4 days ago
London
Spier Consulting Ltd
Rate: £600 - £700 per day
Posted: 18 hours ago
City, London
Hays Finance Technology
Rate: £550.00 - £650.00 per day
Posted: 3 days ago
London
McGregor Boyall
Rate: £600 - £800 per day
Posted: 3 days ago
London
McGregor Boyall
Rate: £700 - £800 per day
Posted: 18 hours ago
London
Orgtel
Rate: £600 - £650 per day
Posted: 3 days ago
London
Canary Wharf and City
Rate: Up to £600 per day
Posted: 21 hours ago
East London
Marcus Donald People
Rate: £400 - £500 per day
Posted: 4 days ago
London
Hydrogen Group
Rate: £500.00 - £600.00 per day
Posted: Yesterday
City, London
Harvey Nash plc
Rate: £600 - £650 per day +
Posted: 6 days ago
City, London
Pioneer Search
Rate: £600 - £650 per day
Posted: 4 days ago
London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 6 days ago
London
Harvey Nash plc
Rate: £450 - £475 per day
Posted: 3 days ago
London
McGregor Boyall
Posted: 5 days ago
London
Harvey Nash plc
Rate: £600 - £650 per day
Posted: 6 days ago
City, London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 4 days ago
London
Robert Walters UK
Rate: £500 - £750 per day
Posted: 5 days ago
City, London
TEKsystems
Rate: £650 - £750 per day
Posted: 6 days ago