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 5 December 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
5 Dec 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 378 397 620
Rank change year-on-year
+19 +223
Contract jobs citing MiFID 265 253 29
As % of all contract IT jobs located in the UK 0.53% 0.46% 0.051%
As % of the Quality Assurance & Compliance category 5.40% 4.58% 0.55%
Number of daily rates quoted 206 148 26
Median daily rate £575 £600 £575
Median daily rate % change year-on-year
-4.16% +4.34%
90% offered a daily rate of more than £450 £500 £488
10% offered a daily rate of more than £700 £700 £650
UK excluding London median daily rate £500 £600 £450
% change year-on-year
-16.66% +33.33%
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
4907 5527 5291
As % of all contract IT jobs located in the UK 9.78% 10.10% 9.23%
Number of daily rates quoted 3190 3389 3397
Median daily rate £450 £425 £400
Median daily rate % change year-on-year
+5.88% +6.25%
90% offered a daily rate of more than £275 £275 £225
10% offered a daily rate of more than £620 £600 £590
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 193 209 219
Median hourly rate £20.74 £25.00 £22.50
Median hourly rate % change year-on-year
-17.06% +11.11%
90% offered a hourly rate of more than £10.00 £12.00 £11.00
10% offered a hourly rate of more than £44.30 £47.50 £45.50
UK excluding London median hourly rate £22.45 £25.00 £22.25
% change year-on-year
-10.20% +12.35%

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 5 December 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 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 5 December 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 +25 261 £600 - 42
London +16 252 £600 - 41
City of London +5 47 £600 +2.12% 17
Canary Wharf - 10 £538 -
South West +9 6 £525 -12.50%
Somerset +24 5 £525 -12.50%
Street +8 5 £525 -12.50%
Liverpool - 5 £525 -
Merseyside - 5 £525 -
North West - 5 £525 -
Scotland -2 4 £388 -35.41%
Edinburgh +9 2 £364 -39.37%
Dundee - 2 £388 -
South East +12 1 - - 1
Newcastle upon Tyne - 1 £190 -
North East - 1 £190 -
Buckinghamshire - 1 - -
Wiltshire - 1 - -
Tyne and Wear - 1 £190 -
Swindon - 1 - -
Milton Keynes - 1 - -

MiFID
Top 30 Related IT Skills

For the 6 months to 5 December 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.

1 200 (49.88%) Finance
2 152 (37.91%) Banking
3 115 (28.68%) Business Analysis
4 110 (27.43%) Front Office
5 92 (22.94%) Investment Banking
6 88 (21.95%) EMIR
7 85 (21.20%) Derivative
8 84 (20.95%) Equities
9 74 (18.45%) Stakeholder Management
10 69 (17.21%) Project Management
10 69 (17.21%) Agile Software Development
11 65 (16.21%) Foreign Exchange (FX)
12 64 (15.96%) Dodd-Frank
13 57 (14.21%) Fixed Income
13 57 (14.21%) Asset Management
14 46 (11.47%) Change Management
15 44 (10.97%) Investment Management
16 42 (10.47%) SQL
17 39 (9.73%) Stakeholder Engagement
17 39 (9.73%) Wealth Management
18 35 (8.73%) Degree
19 33 (8.23%) GAP Analysis
20 32 (7.98%) Legal
21 31 (7.73%) Back Office
21 31 (7.73%) Java
22 26 (6.48%) FpML
22 26 (6.48%) Analytical Skills
22 26 (6.48%) Target Operating Model
23 25 (6.23%) Scrum
24 22 (5.49%) Electronic Trading

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 1 (0.25%) SharePoint
1 1 (0.25%) SharePoint 2010
Applications
1 11 (2.74%) MS Project
2 7 (1.75%) MS Excel
2 7 (1.75%) MS Office
3 4 (1.00%) MS PowerPoint
3 4 (1.00%) MS Visio
Business Applications
1 6 (1.50%) Summit
2 2 (0.50%) Bloomberg TOMS
2 2 (0.50%) thinkFolio
3 1 (0.25%) SimCorp Dimension
3 1 (0.25%) SunGard GMI
Cloud Services
1 4 (1.00%) Amazon AWS
1 4 (1.00%) Microsoft Azure
2 1 (0.25%) IBM Blueworks
Communications & Networking
1 7 (1.75%) DSL
2 5 (1.25%) Intranet
3 3 (0.75%) Multicast
3 3 (0.75%) TCP/IP
4 1 (0.25%) HTTP
Database & Business Intelligence
1 9 (2.24%) Oracle Database
1 9 (2.24%) SQL Server
2 7 (1.75%) Big Data
3 6 (1.50%) Data Warehouse
3 6 (1.50%) KDB
4 4 (1.00%) Hadoop
5 3 (0.75%) DB2
5 3 (0.75%) Kdb+
5 3 (0.75%) Relational Database
5 3 (0.75%) SQL Server Analysis Services
6 2 (0.50%) Data Lake
6 2 (0.50%) Hazelcast
7 1 (0.25%) Apache Cassandra
7 1 (0.25%) Apache Hive
7 1 (0.25%) MongoDB
7 1 (0.25%) NoSQL
7 1 (0.25%) Oracle Reports
7 1 (0.25%) QlikView
7 1 (0.25%) SQL Server 2012
7 1 (0.25%) Tick Data
Development Applications
1 4 (1.00%) Concordion
1 4 (1.00%) Cucumber
1 4 (1.00%) FitNesse
1 4 (1.00%) JBehave
1 4 (1.00%) TeamCity
2 3 (0.75%) Gradle
2 3 (0.75%) Jenkins
3 2 (0.50%) Eclipse
3 2 (0.50%) Maven
4 1 (0.25%) EasyMock
4 1 (0.25%) Git (software)
4 1 (0.25%) JIRA
4 1 (0.25%) JUnit
4 1 (0.25%) Subversion
General
1 200 (49.88%) Finance
2 152 (37.91%) Banking
3 110 (27.43%) Front Office
4 92 (22.94%) Investment Banking
5 32 (7.98%) Legal
6 31 (7.73%) Back Office
7 18 (4.49%) Financial Institution
8 17 (4.24%) Retail
9 5 (1.25%) Advertising
10 4 (1.00%) Corporate Banking
10 4 (1.00%) French Language
10 4 (1.00%) Marketing
10 4 (1.00%) Prime Brokerage
11 3 (0.75%) Spanish Language
11 3 (0.75%) Telecoms
12 2 (0.50%) Retail Banking
12 2 (0.50%) Wholesale Banking
13 1 (0.25%) German Language
13 1 (0.25%) Private Banking
Job Titles
1 238 (59.35%) Analyst
2 231 (57.61%) Business Analyst
3 164 (40.90%) MiFID Business Analyst
4 48 (11.97%) Project Manager
5 42 (10.47%) Developer
6 40 (9.98%) Regulatory Business Analyst
7 34 (8.48%) Senior Analyst
7 34 (8.48%) Senior Business Analyst
8 33 (8.23%) MiFID Project Manager
9 32 (7.98%) Architect
10 21 (5.24%) IT Analyst
11 19 (4.74%) Front Office Business Analyst
12 18 (4.49%) IT Business Analyst
12 18 (4.49%) Report Analyst
13 16 (3.99%) Business IT Analyst
13 16 (3.99%) Derivatives Business Analyst
14 15 (3.74%) C++ Developer
15 14 (3.49%) Banking Analyst
15 14 (3.49%) Data Architect
15 14 (3.49%) Solutions Architect
Libraries, Frameworks & Software Standards
1 26 (6.48%) FpML
2 18 (4.49%) XML
3 17 (4.24%) Middleware
4 12 (2.99%) Boost C++ Libraries
4 12 (2.99%) STL
5 11 (2.74%) FIX Protocol
6 9 (2.24%) HTML
7 6 (1.50%) Spring
8 4 (1.00%) HTML5
9 3 (0.75%) Guice
9 3 (0.75%) JSON
9 3 (0.75%) Lambda Expressions
9 3 (0.75%) REST
9 3 (0.75%) Web Services
10 2 (0.50%) .NET
10 2 (0.50%) J2EE
10 2 (0.50%) XSD
11 1 (0.25%) CSS
11 1 (0.25%) Hibernate
11 1 (0.25%) Swing
Miscellaneous
1 85 (21.20%) Derivative
2 84 (20.95%) Equities
3 65 (16.21%) Foreign Exchange (FX)
4 57 (14.21%) Fixed Income
5 26 (6.48%) Analytical Skills
6 21 (5.24%) Fintech
7 18 (4.49%) Equity Derivative
8 16 (3.99%) Reference Data
9 14 (3.49%) Market Risk
10 11 (2.74%) Algorithms
10 11 (2.74%) Credit Risk
10 11 (2.74%) Hedge funds
11 10 (2.49%) Management Information System
12 8 (2.00%) ASIC
12 8 (2.00%) N-Tier
12 8 (2.00%) OTC Derivatives
13 6 (1.50%) DTCC
14 5 (1.25%) Computer Science
14 5 (1.25%) PMI
14 5 (1.25%) SWIFT
Operating Systems
1 20 (4.99%) Linux
2 19 (4.74%) Unix
3 11 (2.74%) Windows
4 3 (0.75%) Solaris
Processes & Methodologies
1 115 (28.68%) Business Analysis
2 74 (18.45%) Stakeholder Management
3 69 (17.21%) Agile Software Development
3 69 (17.21%) Project Management
4 57 (14.21%) Asset Management
5 46 (11.47%) Change Management
6 44 (10.97%) Investment Management
7 39 (9.73%) Stakeholder Engagement
7 39 (9.73%) Wealth Management
8 33 (8.23%) GAP Analysis
9 26 (6.48%) Target Operating Model
10 25 (6.23%) Scrum
11 22 (5.49%) Electronic Trading
12 21 (5.24%) SDLC
13 20 (4.99%) Data Management
14 19 (4.74%) Data Architecture
14 19 (4.74%) Regulatory Compliance
14 19 (4.74%) User Acceptance Testing
15 18 (4.49%) Cash Management
16 16 (3.99%) Multithreading
Programming Languages
1 42 (10.47%) SQL
2 31 (7.73%) Java
3 18 (4.49%) C++
4 11 (2.74%) C#
5 8 (2.00%) JavaScript
6 6 (1.50%) C
7 5 (1.25%) PL/SQL
8 2 (0.50%) Shell Script
8 2 (0.50%) VBA
9 1 (0.25%) Perl
9 1 (0.25%) RPG
9 1 (0.25%) Scala
Qualifications
1 35 (8.73%) Degree
2 8 (2.00%) ISEB
3 5 (1.25%) PMI Certification
4 3 (0.75%) CBAP
4 3 (0.75%) PMP
5 2 (0.50%) APMP
6 1 (0.25%) CFA
6 1 (0.25%) CISA
6 1 (0.25%) CISM
6 1 (0.25%) CISSP
6 1 (0.25%) ISTQB
6 1 (0.25%) QiCA
6 1 (0.25%) Six Sigma Black Belt
Quality Assurance & Compliance
1 88 (21.95%) EMIR
2 64 (15.96%) Dodd-Frank
3 19 (4.74%) FATCA
4 18 (4.49%) QA
5 11 (2.74%) Basel III
6 10 (2.49%) AIFMD
7 5 (1.25%) UCITS
8 3 (0.75%) Solvency II
9 1 (0.25%) CRD IV
System Software
1 4 (1.00%) Docker
Systems Management
1 2 (0.50%) MOM
Vendors
1 16 (3.99%) Oracle
2 12 (2.99%) Bloomberg
3 7 (1.75%) Cognizant
3 7 (1.75%) Murex
3 7 (1.75%) Solace
4 6 (1.50%) Fidessa
4 6 (1.50%) ION Trading
5 4 (1.00%) Calypso
5 4 (1.00%) Microsoft
6 3 (0.75%) Charles River
6 3 (0.75%) GoldenSource
6 3 (0.75%) SunGard
7 2 (0.50%) Palantir
7 2 (0.50%) Sophis
7 2 (0.50%) TIBCO
7 2 (0.50%) Tradeweb
8 1 (0.25%) Avaloq
8 1 (0.25%) FNZ
8 1 (0.25%) Pega
8 1 (0.25%) Tableau
London
Hatstand Limited
Rate: £550 - £650 per day
Posted: 5 hours ago
London
Real Staffing
Rate: £550 - £650 per day + competitive
Posted: 3 days ago
London
Real Staffing
Rate: £550 - £650 per day + competitive
Posted: 3 days ago
London
Real Staffing
Rate: competitive
Posted: 3 days ago
London
Orgtel
Rate: £600 - £700 per day
Posted: 3 days ago
London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 3 days ago
City, London
McGregor Boyall
Rate: £600 - £650 per day
Posted: 5 days ago
City, London
LEXSTRA
Rate: £600 - £650 per day
Posted: 5 days ago
London
Prospectus IT Recruitment
Posted: 6 days ago
London
Resource Solutions - FCA
Posted: 4 days ago
London
Hydrogen Group
Rate: £400.00 - £450.00 per day
Posted: 5 days ago
Central London / West End
Evolution Recruitment Solutions
Rate: 340pd
Posted: 3 days ago