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 30 March 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
30 Mar 2017
Same period 2016 Same period 2015
Rank 19 23 -
Rank change year-on-year +4 -  
Contract jobs citing MiFID 7 2 0
As % of all contract IT jobs advertised in Canary Wharf 5.34% 1.57% -
As % of the Quality Assurance & Compliance category 41.18% 13.33% -
Number of daily rates quoted 7 1 0
Median daily rate £550 £675 -
Median daily rate % change year-on-year -18.51% -  
UK excluding London median daily rate £450 £525 £400
% change year-on-year -14.28% +31.25%  
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 17 15 17
As % of all contract IT job vacancies advertised in Canary Wharf 12.98% 11.81% 14.17%
Number of daily rates quoted 11 9 13
Median daily rate £525 £575 £523
Median daily rate % change year-on-year -8.69% +10.04%  
90% offered a daily rate of more than £445 £500 £405
10% offered a daily rate of more than £650 £675 £675
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £20.00 £40.00 £29.00
% change year-on-year -50.00% +37.93%  

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

MiFID
Contractor Daily Rate Histogram in Canary Wharf

The daily rate distribution of IT jobs citing MiFID in Canary Wharf over the 3 months to 30 March 2017.

Contractor daily rate histogram for MiFID in Canary Wharf

For the 6 months to 30 March 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 9 (81.82%) Banking
2 7 (63.64%) Investment Banking
3 5 (45.45%) EMIR
4 4 (36.36%) Jenkins
4 4 (36.36%) Derivative
4 4 (36.36%) Agile Software Development
4 4 (36.36%) Finance
4 4 (36.36%) Java
4 4 (36.36%) XML
5 3 (27.27%) OO
5 3 (27.27%) Unix
5 3 (27.27%) DB2
5 3 (27.27%) Legal
5 3 (27.27%) Stakeholder Management
5 3 (27.27%) Scrum
5 3 (27.27%) JSON
5 3 (27.27%) Spring
5 3 (27.27%) Git (software)
5 3 (27.27%) Gradle
5 3 (27.27%) Dodd-Frank
5 3 (27.27%) Relational Database
6 2 (18.18%) OTC Derivatives
6 2 (18.18%) Regulatory Compliance
6 2 (18.18%) KYC
6 2 (18.18%) Anti-Money Laundering
6 2 (18.18%) Protocol Buffers
6 2 (18.18%) Hudson
6 2 (18.18%) Portfolio Management
6 2 (18.18%) Change Control
6 2 (18.18%) FATCA

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:

Cloud Services
1 1 (9.09%) Amazon AWS
1 1 (9.09%) Microsoft Azure
Communications & Networking
1 1 (9.09%) TCP/IP
Database & Business Intelligence
1 3 (27.27%) DB2
1 3 (27.27%) Relational Database
Development Applications
1 4 (36.36%) Jenkins
2 3 (27.27%) Git (software)
2 3 (27.27%) Gradle
3 2 (18.18%) Ant
3 2 (18.18%) Cucumber
3 2 (18.18%) Hudson
3 2 (18.18%) Maven
4 1 (9.09%) Capybara
4 1 (9.09%) Concordion
4 1 (9.09%) FitNesse
4 1 (9.09%) JBehave
4 1 (9.09%) Selenium
4 1 (9.09%) SpecFlow
4 1 (9.09%) TeamCity
4 1 (9.09%) WATIR
General
1 9 (81.82%) Banking
2 7 (63.64%) Investment Banking
3 4 (36.36%) Finance
4 3 (27.27%) Legal
5 1 (9.09%) Back Office
5 1 (9.09%) Front Office
Job Titles
1 4 (36.36%) Analyst
1 4 (36.36%) Business Analyst
2 3 (27.27%) Core Java Developer
2 3 (27.27%) Developer
2 3 (27.27%) Investment Banking Java Developer
2 3 (27.27%) Java Developer
3 2 (18.18%) Finance Business Analyst
3 2 (18.18%) Financial Analyst
3 2 (18.18%) Financial Business Analyst
3 2 (18.18%) Financial Services Business Analyst
3 2 (18.18%) MiFID Business Analyst
3 2 (18.18%) Service Analyst
3 2 (18.18%) SQL Developer
3 2 (18.18%) Unix Developer
4 1 (9.09%) DB2 Developer
4 1 (9.09%) Linux Engineer
4 1 (9.09%) MiFID Project Manager
4 1 (9.09%) Project Manager
4 1 (9.09%) Unix Engineer
4 1 (9.09%) Unix Linux Engineer
Libraries, Frameworks & Software Standards
1 4 (36.36%) XML
2 3 (27.27%) JSON
2 3 (27.27%) Spring
3 2 (18.18%) Protocol Buffers
3 2 (18.18%) SOAP
4 1 (9.09%) FIX Protocol
4 1 (9.09%) Guice
4 1 (9.09%) Lambda Expressions
4 1 (9.09%) REST
Miscellaneous
1 4 (36.36%) Derivative
2 2 (18.18%) OTC Derivatives
3 1 (9.09%) Equities
3 1 (9.09%) Fixed Income
3 1 (9.09%) Foreign Exchange (FX)
Operating Systems
1 3 (27.27%) Unix
2 1 (9.09%) Linux
Processes & Methodologies
1 4 (36.36%) Agile Software Development
2 3 (27.27%) OO
2 3 (27.27%) Scrum
2 3 (27.27%) Stakeholder Management
3 2 (18.18%) Anti-Money Laundering
3 2 (18.18%) Change Control
3 2 (18.18%) Enterprise Architecture
3 2 (18.18%) GAP Analysis
3 2 (18.18%) KYC
3 2 (18.18%) OOA/OOD
3 2 (18.18%) Portfolio Management
3 2 (18.18%) Refactoring
3 2 (18.18%) Regulatory Compliance
3 2 (18.18%) Use Case
4 1 (9.09%) Analytics
4 1 (9.09%) BDD
4 1 (9.09%) Functional Programming
4 1 (9.09%) Infrastructure Management
4 1 (9.09%) Microservices
4 1 (9.09%) SDLC
Programming Languages
1 4 (36.36%) Java
2 2 (18.18%) Shell Script
2 2 (18.18%) SQL
3 1 (9.09%) C#
3 1 (9.09%) Python
3 1 (9.09%) Ruby
Qualifications
1 2 (18.18%) Degree
2 1 (9.09%) Security Cleared
Quality Assurance & Compliance
1 5 (45.45%) EMIR
2 3 (27.27%) Dodd-Frank
3 2 (18.18%) FATCA
4 1 (9.09%) SDET
System Software
1 1 (9.09%) Docker
Vendors
1 2 (18.18%) Perforce
2 1 (9.09%) Bloomberg
2 1 (9.09%) ION Trading