The following table provides summary statistics for contract job vacancies advertised in Canary Wharf with a requirement for MiFID skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited MiFID over the 3 months to 24 June 2017 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Markets in Financial Instruments Directive (MiFID)
London / Canary Wharf
3 months to
24 Jun 2017
Same period 2016 Same period 2015
Rank 20 - -
Rank change year-on-year - 0  
Contract jobs citing MiFID 2 0 0
As % of all contract IT jobs advertised in Canary Wharf 1.85% - -
As % of the Quality Assurance & Compliance category 22.22% - -
Number of daily rates quoted 2 0 0
Median daily rate £606 - -
UK excluding London median daily rate £450 £506 £550
% change year-on-year -11.11% -7.95%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

MiFID is in the quality assurance and compliance skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Canary Wharf with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
Canary Wharf
Contract job vacancies with a requirement for quality assurance and compliance skills 9 11 23
As % of all contract IT job vacancies advertised in Canary Wharf 8.33% 8.94% 13.69%
Number of daily rates quoted 3 8 19
Median daily rate £625 £500 £475
Median daily rate % change year-on-year +25.00% +5.26%  
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 1 0 0
Median hourly rate £15.00 - -
UK excluding London median hourly rate £25.00 £28.00 £25.00
% change year-on-year -10.71% +12.00%  

MiFID
Job Vacancy Trend in Canary Wharf

The job posting trend of jobs advertised in Canary Wharf citing MiFID as a proportion of all contract or permanent IT jobs with a match in the Quality Assurance & Compliance category.

Job vacancy trend for MiFID in Canary Wharf

MiFID
Contractor Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing MiFID in Canary Wharf.

Contractor daily rate trend for MiFID in Canary Wharf

For the 6 months to 24 June 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 across the Canary Wharf region with a requirement for MiFID.

1 6 (66.67%) Banking
1 6 (66.67%) Investment Banking
2 5 (55.56%) Finance
3 4 (44.44%) Agile Software Development
3 4 (44.44%) Java
3 4 (44.44%) Unix
3 4 (44.44%) EMIR
4 3 (33.33%) Jenkins
4 3 (33.33%) XML
4 3 (33.33%) Relational Database
4 3 (33.33%) SQL
4 3 (33.33%) DB2
4 3 (33.33%) Spring
4 3 (33.33%) Git (software)
5 2 (22.22%) Use Case
5 2 (22.22%) Hudson
5 2 (22.22%) Change Control
5 2 (22.22%) FATCA
5 2 (22.22%) Analytics
5 2 (22.22%) Gradle
5 2 (22.22%) Protocol Buffers
5 2 (22.22%) Maven
5 2 (22.22%) Enterprise Architecture
5 2 (22.22%) Derivative
5 2 (22.22%) Degree
5 2 (22.22%) JSON
5 2 (22.22%) Refactoring
5 2 (22.22%) GAP Analysis
5 2 (22.22%) Front Office
5 2 (22.22%) Legal

MiFID
Co-occurring IT Skills in Canary Wharf 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 (11.11%) SharePoint
Applications
1 1 (11.11%) MS Visio
Communications & Networking
1 1 (11.11%) TCP/IP
Database & Business Intelligence
1 3 (33.33%) DB2
1 3 (33.33%) Relational Database
2 1 (11.11%) RDBMS
Development Applications
1 3 (33.33%) Git (software)
1 3 (33.33%) Jenkins
2 2 (22.22%) Ant
2 2 (22.22%) Gradle
2 2 (22.22%) Hudson
2 2 (22.22%) Maven
3 1 (11.11%) Capybara
3 1 (11.11%) Cucumber
3 1 (11.11%) JUnit
3 1 (11.11%) Selenium
3 1 (11.11%) SpecFlow
3 1 (11.11%) WATIR
General
1 6 (66.67%) Banking
1 6 (66.67%) Investment Banking
2 5 (55.56%) Finance
3 2 (22.22%) Front Office
3 2 (22.22%) Legal
4 1 (11.11%) Back Office
Job Titles
1 3 (33.33%) Analyst
1 3 (33.33%) Business Analyst
1 3 (33.33%) Developer
1 3 (33.33%) Investment Banking Java Developer
1 3 (33.33%) Java Developer
2 2 (22.22%) Core Java Developer
2 2 (22.22%) Finance Business Analyst
2 2 (22.22%) Financial Analyst
2 2 (22.22%) Financial Business Analyst
2 2 (22.22%) Financial Services Business Analyst
2 2 (22.22%) MiFID Business Analyst
2 2 (22.22%) Service Analyst
2 2 (22.22%) SQL Developer
2 2 (22.22%) Unix Developer
3 1 (11.11%) Data Business Analyst
3 1 (11.11%) FX Business Analyst
3 1 (11.11%) Java Scala Developer
3 1 (11.11%) Linux Engineer
3 1 (11.11%) Scala Developer
3 1 (11.11%) Unix Engineer
Libraries, Frameworks & Software Standards
1 3 (33.33%) Spring
1 3 (33.33%) XML
2 2 (22.22%) JSON
2 2 (22.22%) Protocol Buffers
2 2 (22.22%) SOAP
3 1 (11.11%) FIX Protocol
3 1 (11.11%) J2SE
Miscellaneous
1 2 (22.22%) Derivative
1 2 (22.22%) OTC Derivatives
2 1 (11.11%) Analytical Skills
2 1 (11.11%) Computer Science
2 1 (11.11%) Equity Derivative
2 1 (11.11%) Foreign Exchange (FX)
Operating Systems
1 4 (44.44%) Unix
2 2 (22.22%) Linux
Processes & Methodologies
1 4 (44.44%) Agile Software Development
2 2 (22.22%) Analytics
2 2 (22.22%) Anti-Money Laundering
2 2 (22.22%) Change Control
2 2 (22.22%) Enterprise Architecture
2 2 (22.22%) GAP Analysis
2 2 (22.22%) KYC
2 2 (22.22%) OO
2 2 (22.22%) OOA/OOD
2 2 (22.22%) Refactoring
2 2 (22.22%) Regulatory Compliance
2 2 (22.22%) Scrum
2 2 (22.22%) Stakeholder Management
2 2 (22.22%) Use Case
3 1 (11.11%) Data Analytics
3 1 (11.11%) Infrastructure Management
3 1 (11.11%) Mathematics
3 1 (11.11%) Performance Tuning
3 1 (11.11%) SDET
3 1 (11.11%) SDLC
Programming Languages
1 4 (44.44%) Java
2 3 (33.33%) SQL
3 2 (22.22%) Shell Script
4 1 (11.11%) C#
4 1 (11.11%) Perl
4 1 (11.11%) Python
4 1 (11.11%) Ruby
4 1 (11.11%) Scala
4 1 (11.11%) VB
Qualifications
1 2 (22.22%) Degree
2 1 (11.11%) Security Cleared
Quality Assurance & Compliance
1 4 (44.44%) EMIR
2 2 (22.22%) Dodd-Frank
2 2 (22.22%) FATCA
Vendors
1 2 (22.22%) Perforce
2 1 (11.11%) Bloomberg
2 1 (11.11%) GoldenSource
2 1 (11.11%) ION Trading
2 1 (11.11%) Microsoft
2 1 (11.11%) Sybase