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This section looks at the demand for Markets in Financial Instruments Directive (MiFID) skills across the UK with a comparison to our Quality Assurance & Compliance category. Included is a guide to the contractor rates offered in IT jobs that have cited MiFID over the last 3 months to 21 May 2008 with a comparison to the same period last year.

LinkMarkets in Financial Instruments Directive (MiFID)
Location
3 months to 21 May 2008Same period last year
Rank559292
Rank change on same period last yearDown-267
Matching contract IT job ads26430
As % of all UK contract IT job ads sampled0.034 %0.475 %
As % of the category below0.840 %10.50 %
Daily rates quoted15224
Average minimum daily rate£462£514
Average daily rate£517£559
% change on same period last year-7.62 %
Average maximum daily rate£572£604
UK excluding London average daily rate-£496
% change on same period last year-
Hourly rates quoted02
Average minimum hourly rate-£25.00
Average hourly rate-£27.50
% change on same period last year-
Average maximum hourly rate-£30.00
UK excluding London average hourly rate--
% change on same period last year-
Quality Assurance & Compliance UKQuality Assurance & Compliance
UK
Matching contract IT job ads30964097
As % of all UK contract IT job ads sampled4.019 %4.525 %
Daily rates quoted10911397
Average minimum daily rate£364£392
Average daily rate£392£418
% change on same period last year-6.35 %
Average maximum daily rate£419£445
UK excluding London average daily rate£353£371
% change on same period last year-4.79 %
Hourly rates quoted348387
Average minimum hourly rate£21.87£23.35
Average hourly rate£23.68£24.94
% change on same period last year-5.03 %
Average maximum hourly rate£25.49£26.53
UK excluding London average hourly rate£21.89£23.45
% change on same period last year-6.64 %

We calculate average IT contractor rates directly from the figures quoted and do not attempt to derive hourly rates from daily rates or vice versa.

MiFID
Demand Trend

The chart provides the 3-month moving total starting in 2004 of contract IT jobs ads citing MiFID across the UK as a proportion of the total demand within the Quality Assurance & Compliance category.

MiFID Demand Trend

MiFID
Daily Rate Trend

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

MiFID Daily Rate Trend

MiFID
Daily Rate Histogram

The chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID across the UK over the past 3 months.

MiFID Daily Rate Histogram

MiFID
Hourly Rate Trend

The chart provides the 3-month moving average for hourly rates quoted in contract IT jobs ads citing MiFID across the UK.

MiFID Hourly Rate Trend

MiFID
Top 9 Contract Locations

This section looks at the demand and provides a guide to the contractor rates quoted in IT jobs citing MiFID within the UK over the past 3 months.

LocationRank Change
on Same Period
Last Last
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
EnglandDown-26525£517-7.94 %
LondonDown-21724£517-8.21 %
City of LondonDown-1297£554-3.01 %
Canary WharfDown-73--
Docklands, LondonDown-172--
ManchesterNew entry-1--
North WestNew entry-1--
Channel IslandsNew entry-1--
JerseyNew entry-1--

MiFID
Top 30 Related IT Skills

Over the past 6 months contract IT jobs across the UK citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of IT job ads sampled citing MiFID.

138 (43.68 %)Finance
138 (43.68 %)Banking
223 (26.44 %)Investment Banking
322 (25.29 %)Derivative
420 (22.99 %)Sarbanes-Oxley
519 (21.84 %)Back Office
616 (18.39 %)Basel II
714 (16.09 %)Business Analysis
813 (14.94 %)Unix
912 (13.79 %)Front Office
912 (13.79 %)Workflow
1011 (12.64 %)Equities
1011 (12.64 %)Equity Derivative
1011 (12.64 %)SQL
1011 (12.64 %)Reference Data
119 (10.34 %)Risk Management
128 (9.195 %)Migration
128 (9.195 %)Linux
128 (9.195 %)Fidessa
137 (8.046 %)Project Management
137 (8.046 %)Foreign Exchange (FX)
137 (8.046 %)Data Migration
146 (6.897 %)C++
146 (6.897 %)Java
146 (6.897 %)Windows
146 (6.897 %)Solaris
155 (5.747 %)Stakeholder Management
155 (5.747 %)Perl
164 (4.598 %)ACCA
164 (4.598 %)PRINCE2

MiFID
Top Related IT Skills by Category

Over the past 6 months contract IT jobs across the UK citing MiFID also mentioned the following skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of IT job ads sampled citing MiFID. Up to 20 skills are shown per category.

Application Development
14 (4.598 %)FIX Protocol
23 (3.448 %)XML
32 (2.299 %)JDBC
32 (2.299 %)Servlets
32 (2.299 %)Struts
41 (1.149 %)ODBC
41 (1.149 %)XML Schema
41 (1.149 %)Hibernate
41 (1.149 %)Spring
Application Platforms
13 (3.448 %)MS Exchange
Applications
11 (1.149 %)MS Excel
Business Applications
18 (9.195 %)Fidessa
24 (4.598 %)RMDS
32 (2.299 %)SAP HR
Communications & Networking
13 (3.448 %)Intranet
Database & Business Intelligence
111 (12.64 %)Reference Data
24 (4.598 %)SQL Server
32 (2.299 %)Informix
32 (2.299 %)Datawarehouse
32 (2.299 %)PostgreSQL
32 (2.299 %)MySQL
41 (1.149 %)Oracle 9i
Development Applications
11 (1.149 %)PowerBuilder
General
138 (43.68 %)Finance
138 (43.68 %)Banking
223 (26.44 %)Investment Banking
319 (21.84 %)Back Office
412 (13.79 %)Front Office
53 (3.448 %)Financial Institution
62 (2.299 %)Corporate Banking
71 (1.149 %)Private Banking
71 (1.149 %)Pensions
71 (1.149 %)Retail
Job Titles
146 (52.87 %)Analyst
234 (39.08 %)Business Analyst
317 (19.54 %)Developer
49 (10.34 %)Project Manager
56 (6.897 %)Consultant
56 (6.897 %)Data Analyst
56 (6.897 %)Fidessa Developer
56 (6.897 %)Investment Banking Business Analyst
56 (6.897 %)Banking Business Analyst
65 (5.747 %)Management Consultant
65 (5.747 %)Coordinator
74 (4.598 %)C++ Developer
74 (4.598 %)Access Developer
83 (3.448 %)Project Coordinator
83 (3.448 %)Excel Developer
83 (3.448 %)Java Developer
92 (2.299 %)QA Manager
92 (2.299 %)Analyst Programmer
92 (2.299 %)Programmer
92 (2.299 %)Support Analyst
Miscellaneous
122 (25.29 %)Derivative
211 (12.64 %)Equity Derivative
211 (12.64 %)Equities
37 (8.046 %)Foreign Exchange (FX)
44 (4.598 %)Interest Rate Derivative
44 (4.598 %)Credit Derivative
44 (4.598 %)Data Integration
52 (2.299 %)Fixed Income
61 (1.149 %)Asset Management
61 (1.149 %)Fund Management
61 (1.149 %)Multithreading
Operating Systems
113 (14.94 %)Unix
28 (9.195 %)Linux
36 (6.897 %)Windows
36 (6.897 %)Solaris
42 (2.299 %)Windows XP
51 (1.149 %)Windows NT
Processes & Methodologies
114 (16.09 %)Business Analysis
212 (13.79 %)Workflow
39 (10.34 %)Risk Management
48 (9.195 %)Migration
57 (8.046 %)Project Management
57 (8.046 %)Data Migration
65 (5.747 %)Stakeholder Management
74 (4.598 %)Data Analysis
74 (4.598 %)PRINCE2
83 (3.448 %)Process Management
83 (3.448 %)Change Management
83 (3.448 %)Data Protection
83 (3.448 %)Statistical Analysis
83 (3.448 %)Algorithmic Trading
83 (3.448 %)User Acceptance Testing
92 (2.299 %)IT Governance
92 (2.299 %)Data Mapping
92 (2.299 %)Business Development
92 (2.299 %)UML
92 (2.299 %)RAD
Programming Languages
111 (12.64 %)SQL
26 (6.897 %)C++
26 (6.897 %)Java
35 (5.747 %)Perl
44 (4.598 %)Tcl
52 (2.299 %)VBA
61 (1.149 %)VB
61 (1.149 %)PL/SQL
Qualifications
14 (4.598 %)ACCA
14 (4.598 %)CIMA
23 (3.448 %)Degree
31 (1.149 %)Citrix Certification
Quality Assurance & Compliance
120 (22.99 %)Sarbanes-Oxley
216 (18.39 %)Basel II
34 (4.598 %)QA
Vendors
14 (4.598 %)Sybase
14 (4.598 %)TIBCO
22 (2.299 %)SAP
22 (2.299 %)Microsoft
31 (1.149 %)Sun
31 (1.149 %)Murex
31 (1.149 %)Informatica
31 (1.149 %)Bloomberg
31 (1.149 %)Oracle
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