Period
to 9 December 2019

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 9 December 2019 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
9 Dec 2019
Same period 2018 Same period 2017
Rank 199 244 118
Rank change year-on-year +45 -126 +52
Contract jobs citing MiFID 19 17 146
As % of all contract IT jobs advertised in the City of London 0.33% 0.24% 2.04%
As % of the Quality Assurance & Compliance category 3.46% 2.69% 15.55%
Number of daily rates quoted 10 11 126
City of London median daily rate £500 £575 £575
Median daily rate % change year-on-year -13.04% - -4.17%
10th Percentile £403 £413 £385
90th Percentile £644 £800 £750
Central London median daily rate £500 £575 £575
% change year-on-year -13.04% - -4.17%
Number of hourly rates quoted 0 0 1
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 549 632 939
As % of all contract IT jobs advertised in the City of London 9.67% 8.91% 13.14%
Number of daily rates quoted 393 485 748
City of London median daily rate £500 £475 £500
Median daily rate % change year-on-year +5.26% -5.00% +5.26%
10th Percentile £297 £273 £313
90th Percentile £688 £658 £675
Central London median daily rate £488 £475 £488
% change year-on-year +2.63% -2.56% +2.63%
Number of hourly rates quoted 3 12 12
City of London median hourly rate £16.50 £18.85 £15.00
Median hourly rate % change year-on-year -12.47% +25.67% -67.74%
Central London median hourly rate £17.98 £18.85 £15.00
% change year-on-year -4.60% +25.67% -67.74%

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 9 December 2019.

Contractor daily rate histogram for MiFID in the City of London

For the 6 months to 9 December 2019, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region with a requirement for MiFID.

1 9 (47.37%) EMIR
2 7 (36.84%) Finance
3 6 (31.58%) SQL
4 5 (26.32%) JIRA
4 5 (26.32%) Greenfield Project
5 4 (21.05%) Microservices
5 4 (21.05%) Electronic Trading
5 4 (21.05%) Hedge funds
5 4 (21.05%) AngularJS
5 4 (21.05%) Algorithmic Trading
5 4 (21.05%) Equities
5 4 (21.05%) Microsoft Office
5 4 (21.05%) Python
6 3 (15.79%) Perl
6 3 (15.79%) XML
6 3 (15.79%) HNC
6 3 (15.79%) HND
6 3 (15.79%) Unix
6 3 (15.79%) Windows
6 3 (15.79%) Foreign Exchange (FX)
6 3 (15.79%) Validation
6 3 (15.79%) AWK
6 3 (15.79%) Banking
6 3 (15.79%) Business Analysis
6 3 (15.79%) Data Management
6 3 (15.79%) Degree
6 3 (15.79%) User Acceptance Testing
6 3 (15.79%) FIX Protocol
6 3 (15.79%) C-shell
6 3 (15.79%) Confluence

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 3 (15.79%) Confluence
Applications
1 4 (21.05%) Microsoft Office
2 1 (5.26%) Microsoft Excel
2 1 (5.26%) Microsoft PowerPoint
Business Applications
1 1 (5.26%) Kondor
Communications & Networking
1 1 (5.26%) LAN
1 1 (5.26%) WAN
Database & Business Intelligence
1 1 (5.26%) Data Warehouse
1 1 (5.26%) SQL Server
Development Applications
1 5 (26.32%) JIRA
2 1 (5.26%) TeamCity
2 1 (5.26%) Visual Studio
General
1 7 (36.84%) Finance
2 3 (15.79%) Banking
3 2 (10.53%) Back Office
3 2 (10.53%) Front Office
4 1 (5.26%) Investment Banking
4 1 (5.26%) Japanese Language
Job Titles
1 10 (52.63%) Analyst
2 5 (26.32%) Developer
3 4 (21.05%) Python Developer
4 3 (15.79%) Business Analyst
4 3 (15.79%) FIX Analyst
4 3 (15.79%) Unix Analyst
5 2 (10.53%) Banking Analyst
6 1 (5.26%) Asset Management Analyst
6 1 (5.26%) Asset Management Business Analyst
6 1 (5.26%) Banking Business Analyst
6 1 (5.26%) Change Management Business Analyst
6 1 (5.26%) Java Project Leader
6 1 (5.26%) Java/J2EE Developer
6 1 (5.26%) Project Leader
6 1 (5.26%) Project Manager
6 1 (5.26%) Regulatory Business Analyst
6 1 (5.26%) Report Analyst
6 1 (5.26%) Technical Leader
6 1 (5.26%) Test Analyst
6 1 (5.26%) Tester
Libraries, Frameworks & Software Standards
1 4 (21.05%) AngularJS
2 3 (15.79%) FIX Protocol
2 3 (15.79%) Kafka
2 3 (15.79%) XML
3 1 (5.26%) Hibernate
3 1 (5.26%) J2EE
3 1 (5.26%) Middleware
3 1 (5.26%) React
3 1 (5.26%) REST
3 1 (5.26%) RESTful
3 1 (5.26%) SOAP
3 1 (5.26%) Spring
3 1 (5.26%) XML Messaging
Miscellaneous
1 5 (26.32%) Greenfield Project
2 4 (21.05%) Equities
2 4 (21.05%) Hedge funds
3 3 (15.79%) Foreign Exchange (FX)
4 1 (5.26%) Data Centre
4 1 (5.26%) Derivative
4 1 (5.26%) Fixed Income
4 1 (5.26%) SWIFT
Operating Systems
1 3 (15.79%) Unix
1 3 (15.79%) Windows
Processes & Methodologies
1 4 (21.05%) Algorithmic Trading
1 4 (21.05%) Electronic Trading
1 4 (21.05%) Microservices
2 3 (15.79%) Business Analysis
2 3 (15.79%) Data Management
2 3 (15.79%) Problem Management
2 3 (15.79%) User Acceptance Testing
2 3 (15.79%) Validation
3 2 (10.53%) Agile Software Development
3 2 (10.53%) Change Management
3 2 (10.53%) Multithreading
4 1 (5.26%) Asset Management
4 1 (5.26%) E-Commerce
4 1 (5.26%) Fund Management
4 1 (5.26%) Migration
4 1 (5.26%) OO
4 1 (5.26%) OOA/OOD
4 1 (5.26%) Project Management
4 1 (5.26%) SDLC
4 1 (5.26%) Workflow
Programming Languages
1 6 (31.58%) SQL
2 4 (21.05%) Python
3 3 (15.79%) AWK
3 3 (15.79%) C-shell
3 3 (15.79%) Perl
4 2 (10.53%) Java
5 1 (5.26%) C#
5 1 (5.26%) C++
Qualifications
1 3 (15.79%) Degree
1 3 (15.79%) HNC
1 3 (15.79%) HND
Quality Assurance & Compliance
1 9 (47.37%) EMIR
2 1 (5.26%) Data Quality
2 1 (5.26%) Dodd-Frank
2 1 (5.26%) GDPR
2 1 (5.26%) QA
Systems Management
1 1 (5.26%) HP Quality Center
Vendors
1 1 (5.26%) Microsoft
1 1 (5.26%) Misys