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 27 May 2016 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
27 May 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 531 558 577
Rank change year-on-year
+27 +19
Contract jobs citing MiFID 125 69 38
As % of all contract IT jobs located in the UK 0.23% 0.13% 0.072%
As % of the Quality Assurance & Compliance category 2.50% 1.35% 0.77%
Number of daily rates quoted 94 56 30
Median daily rate £550 £625 £575
Median daily rate % change year-on-year
-12.00% +8.69%
90% offered a daily rate of more than £330 £509 £405
10% offered a daily rate of more than £668 £750 £753
UK excluding London median daily rate £513 £400 £650
% change year-on-year
+28.12% -38.46%
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
4991 5107 4925
As % of all contract IT jobs located in the UK 9.15% 9.39% 9.34%
Number of daily rates quoted 3180 3246 3014
Median daily rate £425 £413 £400
Median daily rate % change year-on-year
+3.03% +3.12%
90% offered a daily rate of more than £260 £260 £245
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £400 £375 £363
% change year-on-year
+6.66% +3.44%
Number of hourly rates quoted 195 168 236
Median hourly rate £25.75 £21.55 £21.25
Median hourly rate % change year-on-year
+19.48% +1.41%
90% offered a hourly rate of more than £11.71 £12.00 £11.50
10% offered a hourly rate of more than £50.50 £57.00 £43.75
UK excluding London median hourly rate £28.25 £22.75 £21.00
% change year-on-year
+24.17% +8.33%

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 27 May 2016.

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 13 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 27 May 2016. 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
(Click see detailed
statistics and trends)
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 +34 122 £550 -12.00% 29
London +38 110 £550 -12.00% 26
City of London +43 23 £600 -7.69% 17
South East - 10 £525 - 1
Kent - 9 £525 -
Scotland -16 3 £550 +37.50%
Edinburgh - 2 £525 -
Yorkshire - 2 £350 -
South Yorkshire - 2 £350 -
Sheffield - 2 £350 -
Worthing - 1 - -
Tonbridge - 1 £525 -
West Sussex - 1 - - 1

MiFID
Top 30 Related IT Skills

For the 6 months to 27 May 2016, 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.

1 142 (52.79%) Banking
2 132 (49.07%) Finance
3 84 (31.23%) Investment Banking
3 84 (31.23%) EMIR
4 71 (26.39%) Dodd-Frank
5 57 (21.19%) Front Office
6 52 (19.33%) Project Management
7 51 (18.96%) Business Analysis
7 51 (18.96%) Asset Management
8 48 (17.84%) Stakeholder Management
9 45 (16.73%) Derivative
10 34 (12.64%) Agile Software Development
10 34 (12.64%) SDLC
11 30 (11.15%) SQL
12 29 (10.78%) FATCA
13 28 (10.41%) Equities
14 26 (9.67%) Analytical Skills
15 24 (8.92%) Degree
16 23 (8.55%) Fixed Income
16 23 (8.55%) Back Office
16 23 (8.55%) AIFMD
17 22 (8.18%) Investment Management
17 22 (8.18%) Hedge funds
18 19 (7.06%) GAP Analysis
18 19 (7.06%) Change Management
18 19 (7.06%) User Acceptance Testing
19 18 (6.69%) PRINCE2
19 18 (6.69%) Foreign Exchange (FX)
20 17 (6.32%) UCITS
21 16 (5.95%) Computer Science

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 7 (2.60%) Skype for Business
2 2 (0.74%) SharePoint
3 1 (0.37%) IBM Notes
Applications
1 12 (4.46%) MS Office
2 11 (4.09%) MS PowerPoint
3 9 (3.35%) MS Excel
4 5 (1.86%) MS Visio
5 2 (0.74%) MS Project
Business Applications
1 12 (4.46%) Summit
2 2 (0.74%) ION MarketView
3 1 (0.37%) Eagle PACE
3 1 (0.37%) Markit EDM
3 1 (0.37%) Oracle Procure-to-Pay
3 1 (0.37%) Temenos T24
Communications & Networking
1 6 (2.23%) PBX
2 3 (1.12%) HTTP
3 2 (0.74%) HTTPS
4 1 (0.37%) Firewall
4 1 (0.37%) Multicast
4 1 (0.37%) SNMP
4 1 (0.37%) TCP/IP
Database & Business Intelligence
1 7 (2.60%) SQL Server
2 6 (2.23%) Data Warehouse
3 3 (1.12%) Oracle Reports
3 3 (1.12%) QlikView
3 3 (1.12%) Relational Database
3 3 (1.12%) SQL Server 2008
4 2 (0.74%) SQL Server 2012
5 1 (0.37%) Big Data
5 1 (0.37%) BusinessObjects
5 1 (0.37%) Crystal Reports
5 1 (0.37%) NoSQL
5 1 (0.37%) OLTP
5 1 (0.37%) RDBMS
5 1 (0.37%) SQL Server Integration Services
5 1 (0.37%) SQL Server Reporting Services
Development Applications
1 4 (1.49%) Visual Studio Tools for Office
2 2 (0.74%) Cucumber
2 2 (0.74%) Selenium
2 2 (0.74%) Subversion
2 2 (0.74%) Team Foundation Server
3 1 (0.37%) MSTest
3 1 (0.37%) NUnit
3 1 (0.37%) TeamCity
3 1 (0.37%) Visual Studio
General
1 142 (52.79%) Banking
2 132 (49.07%) Finance
3 84 (31.23%) Investment Banking
4 57 (21.19%) Front Office
5 23 (8.55%) Back Office
6 16 (5.95%) Legal
7 12 (4.46%) Retail
8 7 (2.60%) Private Banking
9 5 (1.86%) Retail Banking
10 4 (1.49%) Electronics
10 4 (1.49%) French Language
11 3 (1.12%) Financial Institution
11 3 (1.12%) Marketing
12 2 (0.74%) International Banking
12 2 (0.74%) Wholesale Banking
13 1 (0.37%) Advertising
13 1 (0.37%) German Language
13 1 (0.37%) Pharmaceutical
Job Titles
1 150 (55.76%) Analyst
2 134 (49.81%) Business Analyst
3 66 (24.54%) Project Manager
4 63 (23.42%) MiFID Business Analyst
5 48 (17.84%) Regulatory Business Analyst
6 31 (11.52%) Banking Analyst
7 26 (9.67%) Report Analyst
8 24 (8.92%) MiFID Project Manager
9 20 (7.43%) Business IT Analyst
9 20 (7.43%) IT Analyst
9 20 (7.43%) IT Business Analyst
9 20 (7.43%) Programme Manager
9 20 (7.43%) Regulatory Reporting Business Analyst
10 17 (6.32%) Project Analyst
11 15 (5.58%) Senior Business Analyst
12 14 (5.20%) Investment Banking Business Analyst
12 14 (5.20%) Senior Analyst
13 13 (4.83%) Banking Business Analyst
13 13 (4.83%) MiFID Programme Manager
13 13 (4.83%) Senior Project Manager
Libraries, Frameworks & Software Standards
1 14 (5.20%) XML
2 13 (4.83%) .NET
3 9 (3.35%) Web Services
4 5 (1.86%) FIXML
4 5 (1.86%) WPF
5 4 (1.49%) .NET Framework
5 4 (1.49%) ASP.NET
5 4 (1.49%) ASP.NET MVC
5 4 (1.49%) OOXML
5 4 (1.49%) WinForms
6 3 (1.12%) FIX Protocol
6 3 (1.12%) FpML
6 3 (1.12%) WCF
7 2 (0.74%) AngularJS
7 2 (0.74%) HTML
7 2 (0.74%) Middleware
8 1 (0.37%) ASP.NET MVC 4
8 1 (0.37%) ASP.NET Web API
8 1 (0.37%) Ninject
8 1 (0.37%) Twitter Bootstrap
Miscellaneous
1 45 (16.73%) Derivative
2 28 (10.41%) Equities
3 26 (9.67%) Analytical Skills
4 23 (8.55%) Fixed Income
5 22 (8.18%) Hedge funds
6 18 (6.69%) Foreign Exchange (FX)
7 16 (5.95%) Computer Science
8 14 (5.20%) Market Risk
9 12 (4.46%) Equity Derivative
10 10 (3.72%) Management Information System
11 6 (2.23%) Economics
12 5 (1.86%) Reference Data
12 5 (1.86%) SWIFT
13 4 (1.49%) OTC Derivatives
14 3 (1.12%) Fintech
14 3 (1.12%) Statistics
15 2 (0.74%) Data Integration
15 2 (0.74%) Mathematics
16 1 (0.37%) Data Extraction
16 1 (0.37%) Enterprise Software
Operating Systems
1 6 (2.23%) Windows
2 5 (1.86%) Linux
2 5 (1.86%) Unix
3 3 (1.12%) Windows 7
4 2 (0.74%) Solaris
5 1 (0.37%) AIX
5 1 (0.37%) Oracle Linux
5 1 (0.37%) Red Hat Enterprise Linux
Processes & Methodologies
1 52 (19.33%) Project Management
2 51 (18.96%) Asset Management
2 51 (18.96%) Business Analysis
3 48 (17.84%) Stakeholder Management
4 34 (12.64%) Agile Software Development
4 34 (12.64%) SDLC
5 22 (8.18%) Investment Management
6 19 (7.06%) Change Management
6 19 (7.06%) GAP Analysis
6 19 (7.06%) User Acceptance Testing
7 18 (6.69%) PRINCE2
8 14 (5.20%) Algorithmic Trading
8 14 (5.20%) Stakeholder Engagement
9 12 (4.46%) Electronic Trading
10 10 (3.72%) Data Analysis
10 10 (3.72%) Data Management
11 9 (3.35%) Data Modelling
11 9 (3.35%) Data Protection
11 9 (3.35%) Target Operating Model
12 8 (2.97%) Continuous Integration
Programming Languages
1 30 (11.15%) SQL
2 13 (4.83%) C#
3 12 (4.46%) Java
4 5 (1.86%) Perl
4 5 (1.86%) Python
5 4 (1.49%) C++
5 4 (1.49%) VBA
6 3 (1.12%) Bash Shell
7 2 (0.74%) C
7 2 (0.74%) JavaScript
7 2 (0.74%) PL/SQL
7 2 (0.74%) VB
8 1 (0.37%) Ruby
8 1 (0.37%) Scala
Qualifications
1 24 (8.92%) Degree
2 3 (1.12%) ISEB
2 3 (1.12%) PRINCE2 Certification
3 1 (0.37%) IIBA
3 1 (0.37%) ISTQB
3 1 (0.37%) MBA
3 1 (0.37%) PMI Certification
Quality Assurance & Compliance
1 84 (31.23%) EMIR
2 71 (26.39%) Dodd-Frank
3 29 (10.78%) FATCA
4 23 (8.55%) AIFMD
5 17 (6.32%) UCITS
6 14 (5.20%) QA
7 3 (1.12%) Basel II
7 3 (1.12%) Basel III
7 3 (1.12%) CRD IV
8 2 (0.74%) BS25999
8 2 (0.74%) COBIT
8 2 (0.74%) COSO
8 2 (0.74%) ISO/IEC 27001
8 2 (0.74%) Solvency II
9 1 (0.37%) Data Quality
9 1 (0.37%) ISO20022
9 1 (0.37%) SLA
System Software
1 1 (0.37%) Veritas Cluster Server
1 1 (0.37%) VMware Infrastructure
Systems Management
1 1 (0.37%) Control-M
1 1 (0.37%) HP Quality Center
Vendors
1 15 (5.58%) Microsoft
1 15 (5.58%) Oracle
2 14 (5.20%) Calypso
3 13 (4.83%) Murex
4 5 (1.86%) Bloomberg
5 4 (1.49%) ION Trading
6 3 (1.12%) Avaloq
6 3 (1.12%) Fidessa
6 3 (1.12%) Sophis
6 3 (1.12%) Temenos
7 2 (0.74%) Sybase
7 2 (0.74%) Wall Street Systems
8 1 (0.37%) Cisco
8 1 (0.37%) HP
8 1 (0.37%) Informatica
8 1 (0.37%) Lotus
8 1 (0.37%) Reuters
8 1 (0.37%) SAP
8 1 (0.37%) SunGard
8 1 (0.37%) Veritas
City, London
Square One Resources
Rate: Up to £360 per day
Posted: 3 days ago
City, London
Hatstand Limited
Rate: £550 - £650 per day
Posted: Yesterday
City, London
TEKsystems
Rate: £425 - £525 per day
Posted: 3 days ago
City, London
McGregor Boyall
Rate: £600 - £650 per day
Posted: 6 days ago
London
Westbourne Partners
Rate: From £400 to £600 per day
Posted: 15 hours ago
City, London
McGregor Boyall
Rate: £650 - £700 per day
Posted: 3 days ago
London
iKas International
Rate: £500 - £600 per day
Posted: 3 days ago
Crawley, West Sussex
Fruition IT Resources Limited
Posted: 3 days ago