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 24 January 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
24 Jan 2017
Same period 2016 Same period 2015
Markets in Financial Instruments Directive (MiFID)
UK
Rank 331 421 588
Rank change year-on-year
+90 +167
Contract jobs citing MiFID 279 194 24
As % of all contract IT jobs located in the UK 0.62% 0.39% 0.048%
As % of the Quality Assurance & Compliance category 6.30% 3.77% 0.52%
Number of daily rates quoted 218 121 19
Median daily rate £575 £600 £550
Median daily rate % change year-on-year
-4.16% +9.09%
90% offered a daily rate of more than £450 £440 £265
10% offered a daily rate of more than £700 £725 £605
UK excluding London median daily rate £500 £519 £413
% change year-on-year
-3.61% +25.75%
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
4431 5149 4654
As % of all contract IT jobs located in the UK 9.88% 10.30% 9.33%
Number of daily rates quoted 2881 3169 2865
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 £270 £225
10% offered a daily rate of more than £625 £600 £575
UK excluding London median daily rate £405 £400 £375
% change year-on-year
+1.25% +6.66%
Number of hourly rates quoted 146 205 175
Median hourly rate £23.00 £42.00 £22.00
Median hourly rate % change year-on-year
-45.23% +90.90%
90% offered a hourly rate of more than £11.00 £14.00 £11.00
10% offered a hourly rate of more than £47.50 £60.98 £47.50
UK excluding London median hourly rate £21.98 £42.00 £24.00
% change year-on-year
-47.67% +75.00%

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 24 January 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 19 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 24 January 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 +89 272 £575 -4.16% 37
London +58 266 £575 -4.16% 37
City of London +18 46 £600 -1.63% 16
Scotland +22 5 £388 -11.42%
South West +9 4 £500 -16.66%
North West - 4 £500 -
Canary Wharf - 4 £513 -
Street +5 3 £500 -16.66%
Somerset +1 3 £500 -16.66%
Edinburgh +18 2 £403 -35.60%
Dundee - 2 £388 -
Liverpool - 2 £513 -
Merseyside - 2 £513 -
Cheshire - 2 £278 -
Knutsford - 2 £278 -
Glasgow +10 1 - -
Wiltshire - 1 - -
Docklands, London - 1 £600 -
Swindon - 1 - -

MiFID
Top 30 Related IT Skills

For the 6 months to 24 January 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.

1 237 (48.57%) Finance
2 198 (40.57%) Banking
3 155 (31.76%) Front Office
4 131 (26.84%) Business Analysis
5 127 (26.02%) EMIR
6 115 (23.57%) Derivative
7 104 (21.31%) Investment Banking
8 101 (20.70%) Stakeholder Management
9 99 (20.29%) Dodd-Frank
10 98 (20.08%) Equities
11 85 (17.42%) Project Management
12 79 (16.19%) Agile Software Development
13 73 (14.96%) Foreign Exchange (FX)
14 68 (13.93%) Fixed Income
15 66 (13.52%) Asset Management
16 58 (11.89%) Change Management
16 58 (11.89%) SQL
17 54 (11.07%) Java
18 52 (10.66%) Investment Management
19 51 (10.45%) GAP Analysis
20 44 (9.02%) Wealth Management
21 36 (7.38%) Unix
22 34 (6.97%) Back Office
22 34 (6.97%) Scrum
22 34 (6.97%) Stakeholder Engagement
23 32 (6.56%) Fintech
23 32 (6.56%) XML
24 31 (6.35%) SDLC
24 31 (6.35%) Analytical Skills
25 30 (6.15%) Degree

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 (0.20%) Apache Spark
1 1 (0.20%) Confluence
1 1 (0.20%) MTS
Applications
1 9 (1.84%) MS Office
2 8 (1.64%) MS Excel
3 5 (1.02%) MS PowerPoint
3 5 (1.02%) MS Project
4 4 (0.82%) MS Visio
Business Applications
1 5 (1.02%) Summit
2 3 (0.61%) thinkFolio
3 2 (0.41%) Bloomberg TOMS
3 2 (0.41%) Sonata
4 1 (0.20%) BondVision
4 1 (0.20%) Markit EDM
4 1 (0.20%) RMDS
4 1 (0.20%) Sentinel
4 1 (0.20%) SimCorp Dimension
4 1 (0.20%) Temenos T24
Cloud Services
1 9 (1.84%) Amazon AWS
1 9 (1.84%) Microsoft Azure
Communications & Networking
1 7 (1.43%) DSL
2 3 (0.61%) Multicast
2 3 (0.61%) TCP/IP
3 1 (0.20%) HTTP
3 1 (0.20%) Intranet
3 1 (0.20%) Network Security
Database & Business Intelligence
1 17 (3.48%) DB2
1 17 (3.48%) Relational Database
2 12 (2.46%) Big Data
3 9 (1.84%) Oracle Database
3 9 (1.84%) SQL Server
4 7 (1.43%) Data Warehouse
5 5 (1.02%) Hadoop
6 4 (0.82%) KDB
7 3 (0.61%) Data Lake
7 3 (0.61%) SQL Server Analysis Services
8 2 (0.41%) Apache Hive
8 2 (0.41%) Data Mining
8 2 (0.41%) Hazelcast
8 2 (0.41%) HBase
8 2 (0.41%) NoSQL
9 1 (0.20%) BusinessObjects
9 1 (0.20%) Data Mart
9 1 (0.20%) Neo4j
9 1 (0.20%) Spotfire
9 1 (0.20%) Tick Data
Development Applications
1 17 (3.48%) Concordion
1 17 (3.48%) JBehave
2 16 (3.28%) Cucumber
3 15 (3.07%) Gradle
3 15 (3.07%) Jenkins
3 15 (3.07%) Maven
4 14 (2.87%) Git (software)
5 12 (2.46%) Ant
5 12 (2.46%) Hudson
6 11 (2.25%) JUnit
7 9 (1.84%) FitNesse
8 7 (1.43%) Selenium
9 5 (1.02%) TeamCity
10 3 (0.61%) Subversion
11 2 (0.41%) Eclipse
11 2 (0.41%) JIRA
11 2 (0.41%) Mockito
12 1 (0.20%) Apache Ivy
12 1 (0.20%) EasyMock
12 1 (0.20%) Visual Studio
General
1 237 (48.57%) Finance
2 198 (40.57%) Banking
3 155 (31.76%) Front Office
4 104 (21.31%) Investment Banking
5 34 (6.97%) Back Office
6 27 (5.53%) Legal
7 16 (3.28%) Financial Institution
8 10 (2.05%) Retail
9 9 (1.84%) Advertising
10 8 (1.64%) Prime Brokerage
11 6 (1.23%) Private Banking
12 5 (1.02%) French Language
13 4 (0.82%) Corporate Banking
14 3 (0.61%) Marketing
14 3 (0.61%) Telecoms
15 2 (0.41%) German Language
15 2 (0.41%) Retail Banking
15 2 (0.41%) Wholesale Banking
16 1 (0.20%) Mandarin Language
16 1 (0.20%) Spanish Language
Job Titles
1 283 (57.99%) Analyst
2 277 (56.76%) Business Analyst
3 199 (40.78%) MiFID Business Analyst
4 62 (12.70%) Project Manager
5 57 (11.68%) Regulatory Business Analyst
6 54 (11.07%) Developer
7 39 (7.99%) Senior Analyst
8 38 (7.79%) Senior Business Analyst
9 37 (7.58%) Architect
10 32 (6.56%) MiFID Project Manager
11 27 (5.53%) Derivatives Business Analyst
11 27 (5.53%) Java Developer
12 26 (5.33%) Front Office Business Analyst
13 25 (5.12%) Investment Banking Business Analyst
14 24 (4.92%) IT Analyst
15 23 (4.71%) Banking Analyst
16 21 (4.30%) IT Business Analyst
17 19 (3.89%) Business IT Analyst
17 19 (3.89%) C++ Developer
18 17 (3.48%) Report Analyst
Libraries, Frameworks & Software Standards
1 32 (6.56%) XML
2 28 (5.74%) FpML
3 19 (3.89%) Middleware
3 19 (3.89%) Spring
4 17 (3.48%) FIX Protocol
5 16 (3.28%) JSON
6 15 (3.07%) Boost C++ Libraries
6 15 (3.07%) STL
7 12 (2.46%) HTML
7 12 (2.46%) SOAP
8 7 (1.43%) HTML5
8 7 (1.43%) Protocol Buffers
9 4 (0.82%) .NET
10 3 (0.61%) Guice
10 3 (0.61%) Lambda Expressions
10 3 (0.61%) REST
10 3 (0.61%) Web Services
10 3 (0.61%) XSD
11 2 (0.41%) J2EE
12 1 (0.20%) EJB
Miscellaneous
1 115 (23.57%) Derivative
2 98 (20.08%) Equities
3 73 (14.96%) Foreign Exchange (FX)
4 68 (13.93%) Fixed Income
5 32 (6.56%) Fintech
6 31 (6.35%) Analytical Skills
7 19 (3.89%) Reference Data
8 18 (3.69%) Equity Derivative
8 18 (3.69%) OTC Derivatives
9 15 (3.07%) Algorithms
10 14 (2.87%) Market Risk
11 12 (2.46%) Credit Risk
12 11 (2.25%) N-Tier
13 10 (2.05%) Management Information System
14 8 (1.64%) ASIC
15 6 (1.23%) DTCC
15 6 (1.23%) Hedge funds
15 6 (1.23%) Interest Rate Derivative
16 5 (1.02%) Computer Science
16 5 (1.02%) SWIFT
Operating Systems
1 36 (7.38%) Unix
2 20 (4.10%) Linux
3 13 (2.66%) Windows
4 3 (0.61%) Solaris
5 1 (0.20%) Windows Server
Processes & Methodologies
1 131 (26.84%) Business Analysis
2 101 (20.70%) Stakeholder Management
3 85 (17.42%) Project Management
4 79 (16.19%) Agile Software Development
5 66 (13.52%) Asset Management
6 58 (11.89%) Change Management
7 52 (10.66%) Investment Management
8 51 (10.45%) GAP Analysis
9 44 (9.02%) Wealth Management
10 34 (6.97%) Scrum
10 34 (6.97%) Stakeholder Engagement
11 31 (6.35%) SDLC
12 27 (5.53%) Data Management
12 27 (5.53%) Regulatory Compliance
13 26 (5.33%) Electronic Trading
13 26 (5.33%) Target Operating Model
14 24 (4.92%) Low Latency
15 23 (4.71%) Algorithmic Trading
15 23 (4.71%) Test Scripting
16 22 (4.51%) Risk Management
Programming Languages
1 58 (11.89%) SQL
2 54 (11.07%) Java
3 22 (4.51%) C++
4 16 (3.28%) Shell Script
5 8 (1.64%) C#
6 6 (1.23%) C
6 6 (1.23%) JavaScript
7 5 (1.02%) PL/SQL
8 2 (0.41%) Perl
9 1 (0.20%) Scala
9 1 (0.20%) T-SQL
9 1 (0.20%) VBA
9 1 (0.20%) VC++
Qualifications
1 30 (6.15%) Degree
2 9 (1.84%) ISEB
3 6 (1.23%) PMI Certification
3 6 (1.23%) PMP
4 3 (0.61%) PRINCE2 Practitioner
5 2 (0.41%) CBAP
5 2 (0.41%) ISTQB
5 2 (0.41%) PgMP
6 1 (0.20%) CFA
6 1 (0.20%) CISA
6 1 (0.20%) CISM
6 1 (0.20%) CISSP
6 1 (0.20%) QiCA
6 1 (0.20%) Six Sigma Black Belt
Quality Assurance & Compliance
1 127 (26.02%) EMIR
2 99 (20.29%) Dodd-Frank
3 23 (4.71%) FATCA
4 20 (4.10%) QA
5 12 (2.46%) AIFMD
6 11 (2.25%) Basel III
6 11 (2.25%) IFRS
6 11 (2.25%) IFRS 9
7 5 (1.02%) Solvency II
7 5 (1.02%) UCITS
8 4 (0.82%) GDPR
9 1 (0.20%) CRD IV
System Software
1 17 (3.48%) Docker
2 1 (0.20%) HDFS
Systems Management
1 2 (0.41%) MOM
2 1 (0.20%) Kubernetes
Vendors
1 16 (3.28%) Oracle
2 14 (2.87%) Bloomberg
3 12 (2.46%) Perforce
4 8 (1.64%) Cognizant
4 8 (1.64%) Solace
5 6 (1.23%) Fidessa
5 6 (1.23%) ION Trading
5 6 (1.23%) Murex
6 5 (1.02%) Microsoft
7 4 (0.82%) Calypso
7 4 (0.82%) Charles River
7 4 (0.82%) GoldenSource
8 3 (0.61%) Tradeweb
9 2 (0.41%) FNZ
9 2 (0.41%) Google
9 2 (0.41%) Palantir
9 2 (0.41%) Sophis
9 2 (0.41%) SunGard
9 2 (0.41%) Sybase
9 2 (0.41%) Temenos
London
Caspian One Ltd
Rate: From £550 to £700 per day
Posted: 1 hour ago
London
TEKsystems
Rate: £600 - £650 per day
Posted: Yesterday
London
Red10
Rate: £450 - £500 per day
Posted: 4 days ago
London
Lorien Resourcing
Posted: 6 days ago
London
McGregor Boyall
Rate: £600 - £750 per day
Posted: 4 days ago
City, London
ComputAppoint
Rate: £450 - £650 per day
Posted: 5 days ago
City, London
Hays Finance Technology
Rate: £650.00 - £750.00 per day
Posted: 6 days ago
London
McGregor Boyall
Rate: £600 - £750 per day
Posted: 4 days ago
London
Robert Walters UK
Rate: £500 - £600 per day
Posted: 6 days ago
City, London
Red10
Rate: £400 - £490 per day
Posted: Yesterday
City, London
Deerfoot IT Resources Ltd
Rate: £500 per day
Posted: 4 days ago
City, London
Hays Finance Technology
Rate: £600.00 - £700.00 per day
Posted: 5 days ago
London
Hydrogen Group
Rate: £575.00 - £630.00 per day
Posted: 6 days ago
London
Red10
Rate: £450 - £500 per day
Posted: 4 days ago
City, London
Streamline Connections
Rate: £600 - £800 per day
Posted: 5 days ago
City, London
TEKsystems
Rate: £650 - £700 per day
Posted: 6 days ago