Period
to 20 November 2017

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 6 months to 20 November 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)
Central London > City of London
6 months to
20 Nov 2017
Same period 2016 Same period 2015
Rank 101 174 216
Rank change year-on-year +73 +42 +74
Contract jobs citing MiFID 160 74 56
As % of all contract IT jobs advertised in the City of London 2.26% 1.12% 0.61%
As % of the Quality Assurance & Compliance category 17.06% 9.45% 5.47%
Number of daily rates quoted 138 50 39
City of London median daily rate £568 £594 £600
Median daily rate % change year-on-year -4.42% -1.04% -
10th Percentile £387 £399 £473
90th Percentile £750 £738 £715
Central London median daily rate £568 £588 £600
% change year-on-year -3.40% -2.08% -
Number of hourly rates quoted 1 0 0
City of London median hourly rate £25.50 - -
Central London median hourly rate £25.50 - -

MiFID is in the Quality Assurance and Compliance category. The following 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 or compliance skills.

All Quality Assurance and Compliance Skills
City of London
Contract vacancies with a requirement for quality assurance or compliance skills 938 783 1024
As % of all contract IT jobs advertised in the City of London 13.23% 11.87% 11.20%
Number of daily rates quoted 733 624 744
City of London median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.56% +1.12%
10th Percentile £313 £313 £286
90th Percentile £675 £675 £625
Central London median daily rate £484 £475 £450
% change year-on-year +1.84% +5.56% +2.86%
Number of hourly rates quoted 16 5 15
City of London median hourly rate £15.00 £46.50 £21.25
Median hourly rate % change year-on-year -67.74% +118.82% +26.87%
Central London median hourly rate £15.00 £46.50 £22.63
% change year-on-year -67.74% +105.52% +45.97%

MiFID
Job Vacancy Trend in the City of London

Job postings citing MiFID as a percentage of all IT jobs advertised in the City of London.

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 6 months to 20 November 2017.

Contractor daily rate histogram for MiFID in the City of London

MiFID
Contract Job Locations in the City of London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the City of London region over the 6 months to 20 November 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Moorgate - 1 £500 -
MiFID
Central London

For the 6 months to 20 November 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 87 (54.38%) Finance
2 67 (41.88%) Banking
3 60 (37.50%) Front Office
4 45 (28.13%) Investment Banking
5 38 (23.75%) Equities
6 37 (23.13%) Fixed Income
6 37 (23.13%) EMIR
7 36 (22.50%) Foreign Exchange (FX)
7 36 (22.50%) Derivative
7 36 (22.50%) Agile Software Development
8 34 (21.25%) SQL
9 32 (20.00%) Java
10 23 (14.38%) QA
11 22 (13.75%) Business Analysis
12 21 (13.13%) .NET
13 19 (11.88%) Stakeholder Management
13 19 (11.88%) User Acceptance Testing
14 18 (11.25%) FIX Protocol
15 17 (10.63%) Linux
16 16 (10.00%) Unix
16 16 (10.00%) Project Management
16 16 (10.00%) Multithreading
17 15 (9.38%) Electronic Trading
18 14 (8.75%) C#
18 14 (8.75%) Scrum
18 14 (8.75%) Risk Management
19 13 (8.13%) Back Office
19 13 (8.13%) T-SQL
19 13 (8.13%) Asset Management
19 13 (8.13%) Dodd-Frank

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 6 (3.75%) Apache
1 6 (3.75%) WildFly
2 5 (3.13%) IIS
3 4 (2.50%) SharePoint
3 4 (2.50%) Tomcat
4 2 (1.25%) MQSeries
5 1 (0.63%) Apache Spark
Applications
1 3 (1.88%) MS Visio
2 2 (1.25%) Microsoft Office
2 2 (1.25%) Spreadsheet
3 1 (0.63%) Microsoft Excel
Business Applications
1 5 (3.13%) Bloomberg TOMS
1 5 (3.13%) ION MarketView
2 2 (1.25%) Sentinel
2 2 (1.25%) SunGard GMI
3 1 (0.63%) IntelliMatch
3 1 (0.63%) Markit EDM
Cloud Services
1 1 (0.63%) Google Cloud Platform
Communications & Networking
1 4 (2.50%) TCP/IP
2 2 (1.25%) VoIP
3 1 (0.63%) Firewall
Database & Business Intelligence
1 10 (6.25%) SQL Server
2 5 (3.13%) Oracle Database
3 4 (2.50%) Data Warehouse
3 4 (2.50%) MariaDB
4 3 (1.88%) NoSQL
5 2 (1.25%) Blockchain
5 2 (1.25%) SQL Server 2014
5 2 (1.25%) SQL Server Analysis Services
5 2 (1.25%) SQL Server Reporting Services
6 1 (0.63%) Big Data
6 1 (0.63%) Hadoop
6 1 (0.63%) HBase
6 1 (0.63%) MySQL
6 1 (0.63%) QlikView
6 1 (0.63%) RDBMS
6 1 (0.63%) Relational Database
Development Applications
1 7 (4.38%) JIRA
2 3 (1.88%) Git (software)
2 3 (1.88%) TeamCity
3 2 (1.25%) Jenkins
3 2 (1.25%) Visual Studio
4 1 (0.63%) Cucumber
4 1 (0.63%) FitNesse
4 1 (0.63%) JBehave
4 1 (0.63%) JUnit
4 1 (0.63%) Subversion
General
1 87 (54.38%) Finance
2 67 (41.88%) Banking
3 60 (37.50%) Front Office
4 45 (28.13%) Investment Banking
5 13 (8.13%) Back Office
6 4 (2.50%) International Banking
6 4 (2.50%) Legal
7 3 (1.88%) Financial Institution
8 2 (1.25%) Advertising
9 1 (0.63%) Japanese Language
Job Titles
1 61 (38.13%) Analyst
2 49 (30.63%) Business Analyst
3 48 (30.00%) Developer
4 22 (13.75%) MiFID Business Analyst
5 18 (11.25%) Java Developer
5 18 (11.25%) Project Manager
6 14 (8.75%) Senior Developer
7 10 (6.25%) SQL Developer
7 10 (6.25%) Technical Analyst
8 9 (5.63%) .NET Developer
9 8 (5.00%) Technical Business Analyst
9 8 (5.00%) Tester
10 7 (4.38%) Banking Analyst
10 7 (4.38%) C# Developer
10 7 (4.38%) Regulatory Business Analyst
11 6 (3.75%) C++ Developer
11 6 (3.75%) Front Office Business Analyst
11 6 (3.75%) Scala Developer
11 6 (3.75%) Senior Manual Tester
11 6 (3.75%) Senior Scala Developer
Libraries, Frameworks & Software Standards
1 21 (13.13%) .NET
2 18 (11.25%) FIX Protocol
3 11 (6.88%) HTML
4 9 (5.63%) JSON
4 9 (5.63%) RabbitMQ
4 9 (5.63%) REST
5 8 (5.00%) HTML5
5 8 (5.00%) Kafka
6 6 (3.75%) SOAP
6 6 (3.75%) Spring
6 6 (3.75%) Web Services
7 5 (3.13%) Hibernate
7 5 (3.13%) Middleware
8 4 (2.50%) FpML
9 3 (1.88%) Redux
9 3 (1.88%) WCF
9 3 (1.88%) WPF
9 3 (1.88%) XML
10 2 (1.25%) .NET Framework
10 2 (1.25%) Swing
Miscellaneous
1 38 (23.75%) Equities
2 37 (23.13%) Fixed Income
3 36 (22.50%) Derivative
3 36 (22.50%) Foreign Exchange (FX)
4 10 (6.25%) Analytical Skills
5 7 (4.38%) Equity Derivative
6 6 (3.75%) Fintech
6 6 (3.75%) Interest Rate Derivative
6 6 (3.75%) Reference Data
6 6 (3.75%) Swaptions
7 5 (3.13%) OTC Derivatives
8 3 (1.88%) Data Structures
9 2 (1.25%) Greenfield Project
9 2 (1.25%) Management Information System
10 1 (0.63%) Algorithms
10 1 (0.63%) CMDB
10 1 (0.63%) Market Risk
10 1 (0.63%) N-Tier
10 1 (0.63%) User Experience
10 1 (0.63%) Wiki
Operating Systems
1 17 (10.63%) Linux
2 16 (10.00%) Unix
3 9 (5.63%) Windows
4 2 (1.25%) Windows Server
5 1 (0.63%) Solaris
Processes & Methodologies
1 36 (22.50%) Agile Software Development
2 22 (13.75%) Business Analysis
3 19 (11.88%) Stakeholder Management
3 19 (11.88%) User Acceptance Testing
4 16 (10.00%) Multithreading
4 16 (10.00%) Project Management
5 15 (9.38%) Electronic Trading
6 14 (8.75%) Risk Management
6 14 (8.75%) Scrum
7 13 (8.13%) Asset Management
8 12 (7.50%) Integration Testing
8 12 (7.50%) Manual Testing
8 12 (7.50%) SDLC
9 11 (6.88%) Kanban
10 10 (6.25%) Investment Management
10 10 (6.25%) Low Latency
10 10 (6.25%) OO
10 10 (6.25%) System Integration Testing
11 9 (5.63%) Coaching
11 9 (5.63%) Test Strategy
Programming Languages
1 34 (21.25%) SQL
2 32 (20.00%) Java
3 14 (8.75%) C#
4 13 (8.13%) T-SQL
5 9 (5.63%) Python
6 8 (5.00%) C++
7 6 (3.75%) JavaScript
7 6 (3.75%) PL/SQL
7 6 (3.75%) Scala
8 3 (1.88%) Ruby
9 2 (1.25%) Perl
10 1 (0.63%) Bash Shell
10 1 (0.63%) Shell Script
10 1 (0.63%) VBA
10 1 (0.63%) XPath
Qualifications
1 3 (1.88%) PRINCE2 Certification
2 2 (1.25%) Degree
2 2 (1.25%) ISEB
3 1 (0.63%) PMI Certification
3 1 (0.63%) PMP
Quality Assurance & Compliance
1 37 (23.13%) EMIR
2 23 (14.38%) QA
3 13 (8.13%) Dodd-Frank
4 6 (3.75%) PMO
5 4 (2.50%) AIFMD
5 4 (2.50%) GDPR
6 3 (1.88%) Solvency II
7 1 (0.63%) FATCA
7 1 (0.63%) IFRS
System Software
1 2 (1.25%) Active Directory
1 2 (1.25%) Virtual Machines
Systems Management
1 7 (4.38%) HP Quality Center
2 1 (0.63%) Control-M
Vendors
1 12 (7.50%) Microsoft
2 8 (5.00%) Bloomberg
2 8 (5.00%) Oracle
3 7 (4.38%) ION Trading
4 5 (3.13%) Fidessa
5 4 (2.50%) Murex
5 4 (2.50%) Reuters
5 4 (2.50%) Solace
6 3 (1.88%) Sybase
6 3 (1.88%) TIBCO
7 2 (1.25%) CQG
7 2 (1.25%) FIS
7 2 (1.25%) FXall
7 2 (1.25%) SunGard
7 2 (1.25%) Tradeweb
8 1 (0.63%) Charles River
8 1 (0.63%) Currenex
8 1 (0.63%) DevExpress
8 1 (0.63%) Google
8 1 (0.63%) Talarian