The following table provides summary statistics for contract job vacancies advertised in the City of London 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 27 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 / City of London
3 months to
27 Jun 2017
Same period 2016 Same period 2015
Rank 62 142 182
Rank change year-on-year +80 +40  
Contract jobs citing MiFID 122 21 19
As % of all contract IT jobs advertised in the City of London 3.69% 0.62% 0.33%
As % of the Quality Assurance & Compliance category 24.80% 5.36% 2.94%
Number of daily rates quoted 83 19 18
Median daily rate £600 £575 £650
Median daily rate % change year-on-year +4.34% -11.53%  
90% offered a daily rate of more than £425 £313 £593
10% offered a daily rate of more than £750 £635 £765
UK excluding London median daily rate £450 £481 £550
% change year-on-year -6.49% -12.50%  
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 the City of London with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
City of London
Contract job vacancies with a requirement for quality assurance and compliance skills 492 392 646
As % of all contract IT job vacancies advertised in the City of London 14.89% 11.57% 11.26%
Number of daily rates quoted 353 312 496
Median daily rate £500 £475 £475
Median daily rate % change year-on-year +5.26% -  
90% offered a daily rate of more than £328 £325 £300
10% offered a daily rate of more than £650 £625 £650
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 7 1 7
Median hourly rate £15.00 £85.50 £24.00
Median hourly rate % change year-on-year -82.45% +256.25%  
90% offered a hourly rate of more than £14.02 £85.50 £10.00
10% offered a hourly rate of more than £61.00 £85.50 £63.40
UK excluding London median hourly rate £25.00 £28.00 £21.78
% change year-on-year -10.71% +28.58%  

MiFID
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London 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 the City of London

MiFID
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing MiFID in the City of London.

Contractor daily rate trend for MiFID in the City of London

MiFID
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing MiFID in the City of London over the 3 months to 27 June 2017.

Contractor daily rate histogram for MiFID in the City of London

For the 6 months to 27 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 City of London region with a requirement for MiFID.

1 94 (41.59%) Finance
2 89 (39.38%) Banking
3 84 (37.17%) Front Office
4 55 (24.34%) Investment Banking
5 49 (21.68%) Business Analysis
6 41 (18.14%) Equities
7 39 (17.26%) Stakeholder Management
8 35 (15.49%) Foreign Exchange (FX)
8 35 (15.49%) Derivative
8 35 (15.49%) Asset Management
9 34 (15.04%) Java
9 34 (15.04%) Fixed Income
10 33 (14.60%) Agile Software Development
11 28 (12.39%) SQL
12 26 (11.50%) Electronic Trading
13 25 (11.06%) SDLC
14 21 (9.29%) Project Management
14 21 (9.29%) EMIR
15 19 (8.41%) Investment Management
16 18 (7.96%) GAP Analysis
17 17 (7.52%) Change Management
17 17 (7.52%) FIX Protocol
18 16 (7.08%) Unix
18 16 (7.08%) Dodd-Frank
19 15 (6.64%) Fintech
19 15 (6.64%) Oracle
20 14 (6.19%) HTML
20 14 (6.19%) Python
21 13 (5.75%) QA
21 13 (5.75%) User Acceptance Testing

MiFID
Co-occurring IT Skills in the City of London 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 4 (1.77%) Tomcat
2 3 (1.33%) Apache Spark
2 3 (1.33%) Confluence
3 2 (0.88%) Elasticsearch
3 2 (0.88%) WebSphere
3 2 (0.88%) WebSphere Application Server
4 1 (0.44%) SharePoint
Applications
1 3 (1.33%) Microsoft Excel
2 2 (0.88%) Microsoft PowerPoint
3 1 (0.44%) Microsoft Office
3 1 (0.44%) Microsoft Project
3 1 (0.44%) MS Visio
Business Applications
1 6 (2.65%) ION MarketView
2 3 (1.33%) Bloomberg TOMS
2 3 (1.33%) Sentinel
2 3 (1.33%) SunGard GMI
3 2 (0.88%) thinkFolio
4 1 (0.44%) Bloomberg AIM
4 1 (0.44%) LatentZero
4 1 (0.44%) RMDS
Cloud Services
1 1 (0.44%) Google Cloud Platform
Communications & Networking
1 4 (1.77%) TCP/IP
2 1 (0.44%) Firewall
2 1 (0.44%) LAN
2 1 (0.44%) Multicast
2 1 (0.44%) VLAN
Database & Business Intelligence
1 6 (2.65%) Hazelcast
1 6 (2.65%) SQL Server
2 5 (2.21%) Big Data
2 5 (2.21%) Hadoop
2 5 (2.21%) Oracle Database
3 4 (1.77%) MariaDB
3 4 (1.77%) NoSQL
3 4 (1.77%) SQL Server Reporting Services
4 3 (1.33%) KDB
5 2 (0.88%) Apache Cassandra
5 2 (0.88%) Data Warehouse
5 2 (0.88%) Kdb+
5 2 (0.88%) MongoDB
5 2 (0.88%) PostgreSQL
6 1 (0.44%) Data Mining
6 1 (0.44%) HBase
6 1 (0.44%) MS Access
6 1 (0.44%) SQLPlus
Development Applications
1 12 (5.31%) JIRA
2 9 (3.98%) Git (software)
3 4 (1.77%) JUnit
3 4 (1.77%) TeamCity
4 3 (1.33%) Visual Studio
5 2 (0.88%) Jenkins
5 2 (0.88%) Maven
5 2 (0.88%) Mockito
5 2 (0.88%) Selenium
5 2 (0.88%) SpecFlow
5 2 (0.88%) Subversion
5 2 (0.88%) webpack
6 1 (0.44%) ERwin
6 1 (0.44%) Moq
6 1 (0.44%) NUnit
6 1 (0.44%) WebDriver
6 1 (0.44%) XMLSpy
General
1 94 (41.59%) Finance
2 89 (39.38%) Banking
3 84 (37.17%) Front Office
4 55 (24.34%) Investment Banking
5 9 (3.98%) Back Office
5 9 (3.98%) Legal
6 7 (3.10%) Advertising
7 3 (1.33%) Games
8 2 (0.88%) French Language
8 2 (0.88%) International Banking
8 2 (0.88%) Mandarin Language
8 2 (0.88%) Retail
9 1 (0.44%) Dutch Language
9 1 (0.44%) Financial Institution
9 1 (0.44%) German Language
9 1 (0.44%) Private Banking
9 1 (0.44%) Retail Banking
Job Titles
1 109 (48.23%) Analyst
2 99 (43.81%) Business Analyst
3 65 (28.76%) MiFID Business Analyst
4 56 (24.78%) Developer
5 25 (11.06%) Java Developer
6 23 (10.18%) Project Manager
6 23 (10.18%) Senior Analyst
7 19 (8.41%) Senior Business Analyst
7 19 (8.41%) Senior Developer
8 16 (7.08%) Business IT Analyst
8 16 (7.08%) IT Analyst
9 14 (6.19%) IT Business Analyst
10 13 (5.75%) Architect
11 12 (5.31%) Lead Developer
12 10 (4.42%) Senior Java Developer
13 9 (3.98%) Banking Analyst
13 9 (3.98%) MiFID Project Manager
14 8 (3.54%) Asset Management Business Analyst
14 8 (3.54%) Front Office Business Analyst
14 8 (3.54%) MiFID Architect
Libraries, Frameworks & Software Standards
1 17 (7.52%) FIX Protocol
2 14 (6.19%) HTML
3 13 (5.75%) HTML5
4 10 (4.42%) .NET
4 10 (4.42%) Spring
5 9 (3.98%) FpML
6 8 (3.54%) XML
7 6 (2.65%) Hibernate
7 6 (2.65%) Middleware
8 5 (2.21%) Node.js
8 5 (2.21%) React
9 4 (1.77%) CSS
10 3 (1.33%) AngularJS
10 3 (1.33%) JSON
10 3 (1.33%) Murex MxML
11 2 (0.88%) Akka
11 2 (0.88%) REST
11 2 (0.88%) RxJS
11 2 (0.88%) Spring Boot
11 2 (0.88%) WebSockets
Miscellaneous
1 41 (18.14%) Equities
2 35 (15.49%) Derivative
2 35 (15.49%) Foreign Exchange (FX)
3 34 (15.04%) Fixed Income
4 15 (6.64%) Fintech
5 9 (3.98%) Analytical Skills
6 8 (3.54%) Equity Derivative
7 6 (2.65%) Computer Science
8 5 (2.21%) User Experience
9 4 (1.77%) Greenfield Project
9 4 (1.77%) Hedge funds
9 4 (1.77%) Management Information System
10 3 (1.33%) OTC Derivatives
10 3 (1.33%) Reference Data
11 1 (0.44%) Algorithms
11 1 (0.44%) CMDB
11 1 (0.44%) Credit Risk
11 1 (0.44%) Data Centre
11 1 (0.44%) Enterprise Software
11 1 (0.44%) Virtual Team
Operating Systems
1 16 (7.08%) Unix
2 11 (4.87%) Linux
3 4 (1.77%) Windows
4 1 (0.44%) Solaris
4 1 (0.44%) Windows 7
4 1 (0.44%) Windows Server
4 1 (0.44%) Windows Server 2008
4 1 (0.44%) Windows Server 2012
Processes & Methodologies
1 49 (21.68%) Business Analysis
2 39 (17.26%) Stakeholder Management
3 35 (15.49%) Asset Management
4 33 (14.60%) Agile Software Development
5 26 (11.50%) Electronic Trading
6 25 (11.06%) SDLC
7 21 (9.29%) Project Management
8 19 (8.41%) Investment Management
9 18 (7.96%) GAP Analysis
10 17 (7.52%) Change Management
11 13 (5.75%) Low Latency
11 13 (5.75%) OO
11 13 (5.75%) User Acceptance Testing
12 12 (5.31%) Data Management
12 12 (5.31%) Wealth Management
13 11 (4.87%) Data Analysis
13 11 (4.87%) Data Modelling
13 11 (4.87%) Use Case
14 10 (4.42%) E-Commerce
14 10 (4.42%) Scrum
Programming Languages
1 34 (15.04%) Java
2 28 (12.39%) SQL
3 14 (6.19%) Python
4 11 (4.87%) C#
5 8 (3.54%) C++
5 8 (3.54%) JavaScript
6 7 (3.10%) Scala
6 7 (3.10%) Shell Script
7 6 (2.65%) Perl
7 6 (2.65%) T-SQL
8 4 (1.77%) ES6
9 3 (1.33%) PL/SQL
9 3 (1.33%) Ruby
10 1 (0.44%) Bash Shell
10 1 (0.44%) C
10 1 (0.44%) TypeScript
10 1 (0.44%) VC++
Qualifications
1 9 (3.98%) Degree
2 7 (3.10%) ISEB
3 6 (2.65%) Computer Science Degree
4 4 (1.77%) PMP
5 3 (1.33%) Master's Degree
6 2 (0.88%) Numerate Degree
6 2 (0.88%) PMI Certification
7 1 (0.44%) IIBA
7 1 (0.44%) PRINCE2 Certification
Quality Assurance & Compliance
1 21 (9.29%) EMIR
2 16 (7.08%) Dodd-Frank
3 13 (5.75%) QA
4 7 (3.10%) Data Quality
5 3 (1.33%) FATCA
5 3 (1.33%) PMO
5 3 (1.33%) SEPA
6 2 (0.88%) IFRS
6 2 (0.88%) IFRS 9
6 2 (0.88%) Solvency II
7 1 (0.44%) CRD IV
7 1 (0.44%) ISO 20022
7 1 (0.44%) SLA
System Software
1 2 (0.88%) Docker
1 2 (0.88%) HDFS
1 2 (0.88%) Virtual Machines
2 1 (0.44%) Active Directory
Systems Management
1 2 (0.88%) Kubernetes
2 1 (0.44%) Puppet
Vendors
1 15 (6.64%) Oracle
2 8 (3.54%) Bloomberg
2 8 (3.54%) Fidessa
2 8 (3.54%) ION Trading
3 6 (2.65%) Murex
4 5 (2.21%) Reuters
5 3 (1.33%) FXall
5 3 (1.33%) SunGard
6 2 (0.88%) Cadence
6 2 (0.88%) Charles River
6 2 (0.88%) GoldenSource
6 2 (0.88%) Microsoft
6 2 (0.88%) Solace
7 1 (0.44%) Calypso
7 1 (0.44%) Google
7 1 (0.44%) Informatica
7 1 (0.44%) Planview
7 1 (0.44%) StatPro
7 1 (0.44%) Tradeweb
7 1 (0.44%) Typemock
City, London
Spargonet Consulting Plc
Rate: £400 - £450 per annum
Posted: Yesterday
City, London
TEKsystems
Rate: £650 - £700 per day
Posted: 4 days ago
City, London
Canary Wharf and City
Rate: £600 per day
Posted: 3 days ago
City, London
Haysfm
Rate: £500.00 - £600.00 per day
Posted: 4 days ago
City, London
Harvey Nash plc
Rate: £400 - £435 per day + none
Posted: 5 days ago
City, London
EPAM Systems
Rate: Unspecified
Posted: 12 days ago
City, London
Deerfoot IT Resources Ltd
Rate: £350 per day
Posted: 4 days ago