The following table provides summary statistics for contract job vacancies advertised in 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 25 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)
England / London
3 months to
25 Jun 2017
Same period 2016 Same period 2015
Rank 122 305 357
Rank change year-on-year +183 +52  
Contract jobs citing MiFID 433 120 78
As % of all contract IT jobs advertised in London 2.12% 0.56% 0.33%
As % of the Quality Assurance & Compliance category 18.00% 5.12% 2.93%
Number of daily rates quoted 309 86 63
Median daily rate £575 £506 £638
Median daily rate % change year-on-year +13.58% -20.58%  
90% offered a daily rate of more than £450 £328 £550
10% offered a daily rate of more than £700 £663 £795
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 London with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
London
Contract job vacancies with a requirement for quality assurance and compliance skills 2406 2344 2663
As % of all contract IT job vacancies advertised in London 11.76% 10.96% 11.37%
Number of daily rates quoted 1705 1669 1930
Median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.55%  
90% offered a daily rate of more than £320 £290 £275
10% offered a daily rate of more than £650 £625 £638
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 25 24 30
Median hourly rate £42.50 £22.50 £21.50
Median hourly rate % change year-on-year +88.88% +4.65%  
90% offered a hourly rate of more than £14.75 £13.30 £15.20
10% offered a hourly rate of more than £50.00 £42.70 £101.00
UK excluding London median hourly rate £25.00 £28.00 £24.75
% change year-on-year -10.71% +13.13%  

MiFID
Job Vacancy Trend in London

The job posting trend of jobs advertised in 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 London

MiFID
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for MiFID in London

MiFID
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing MiFID in London over the 3 months to 25 June 2017.

Contractor daily rate histogram for MiFID in London

MiFID
Contractor Hourly Rate Trend in London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing MiFID in London.

Contractor hourly rate trend for MiFID in London

MiFID
Contract Job Locations in 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 London region over the 3 months to 25 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +87 123 £600 +4.34% 21
Docklands, London - 2 £725 -
Canary Wharf - 2 £606 -
Moorgate - 1 £500 -
MiFID
England

For the 6 months to 25 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 London region with a requirement for MiFID.

1 384 (47.17%) Banking
2 366 (44.96%) Finance
3 267 (32.80%) Front Office
4 197 (24.20%) Investment Banking
5 165 (20.27%) Business Analysis
6 163 (20.02%) Agile Software Development
7 159 (19.53%) EMIR
8 143 (17.57%) Derivative
9 134 (16.46%) Java
10 131 (16.09%) Dodd-Frank
11 127 (15.60%) Stakeholder Management
12 123 (15.11%) SQL
13 117 (14.37%) Asset Management
14 116 (14.25%) Equities
15 115 (14.13%) Foreign Exchange (FX)
16 111 (13.64%) Fixed Income
17 98 (12.04%) Investment Management
18 96 (11.79%) Project Management
19 81 (9.95%) Unix
20 76 (9.34%) SDLC
21 75 (9.21%) Electronic Trading
22 68 (8.35%) Scrum
22 68 (8.35%) Change Management
23 58 (7.13%) Wealth Management
24 57 (7.00%) Test Automation
24 57 (7.00%) Fintech
25 55 (6.76%) Spring
26 52 (6.39%) XML
26 52 (6.39%) OO
27 51 (6.27%) Degree

MiFID
Co-occurring IT Skills in 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 13 (1.60%) Apache Spark
2 11 (1.35%) WebSphere
3 7 (0.86%) Tomcat
4 6 (0.74%) WebLogic
5 5 (0.61%) Apache
6 4 (0.49%) Confluence
7 3 (0.37%) SharePoint
8 2 (0.25%) Elasticsearch
8 2 (0.25%) WebSphere Application Server
9 1 (0.12%) IIS
9 1 (0.12%) JBoss
9 1 (0.12%) MTS
Applications
1 22 (2.70%) Microsoft Excel
2 21 (2.58%) Microsoft PowerPoint
3 13 (1.60%) MS Visio
4 10 (1.23%) Microsoft Office
5 8 (0.98%) Microsoft Project
6 2 (0.25%) Spreadsheet
Business Applications
1 10 (1.23%) ION MarketView
2 8 (0.98%) Markit EDM
3 6 (0.74%) thinkFolio
4 5 (0.61%) Bloomberg TOMS
5 4 (0.49%) IntelliMatch
5 4 (0.49%) Murex MxG2000
6 3 (0.37%) Endur
6 3 (0.37%) Sentinel
6 3 (0.37%) SunGard GMI
7 1 (0.12%) BondVision
7 1 (0.12%) BusinessWorks
7 1 (0.12%) CA PPM
7 1 (0.12%) Eagle PACE
7 1 (0.12%) Global One
7 1 (0.12%) LatentZero
7 1 (0.12%) Loan IQ
7 1 (0.12%) RMDS
7 1 (0.12%) Summit
7 1 (0.12%) Temenos Globus
7 1 (0.12%) Temenos T24
Cloud Services
1 2 (0.25%) Amazon AWS
1 2 (0.25%) Microsoft Azure
2 1 (0.12%) Google Cloud Platform
2 1 (0.12%) SaaS
Communications & Networking
1 10 (1.23%) TCP/IP
2 4 (0.49%) Internet
3 3 (0.37%) FIX Connectivity
4 2 (0.25%) HTTP
5 1 (0.12%) Extranet
5 1 (0.12%) Firewall
5 1 (0.12%) LAN
5 1 (0.12%) Multicast
5 1 (0.12%) PuTTY
5 1 (0.12%) VLAN
Database & Business Intelligence
1 34 (4.18%) Relational Database
2 31 (3.81%) DB2
3 22 (2.70%) Big Data
4 20 (2.46%) Hadoop
5 18 (2.21%) SQL Server
6 16 (1.97%) KDB
7 10 (1.23%) MongoDB
8 9 (1.11%) Data Warehouse
9 8 (0.98%) HBase
10 7 (0.86%) Kdb+
10 7 (0.86%) NoSQL
10 7 (0.86%) Oracle Database
11 6 (0.74%) Hazelcast
11 6 (0.74%) MariaDB
12 5 (0.61%) Data Lake
12 5 (0.61%) SQL Server Reporting Services
13 4 (0.49%) SQL Server Integration Services
14 3 (0.37%) Apache Cassandra
14 3 (0.37%) Data Mining
14 3 (0.37%) RDBMS
Development Applications
1 37 (4.55%) Git (software)
2 28 (3.44%) Maven
3 24 (2.95%) Jenkins
3 24 (2.95%) JUnit
4 22 (2.70%) Ant
5 21 (2.58%) Gradle
6 19 (2.33%) Hudson
6 19 (2.33%) Selenium
7 16 (1.97%) Cucumber
7 16 (1.97%) JIRA
8 13 (1.60%) Concordion
8 13 (1.60%) JBehave
9 11 (1.35%) TeamCity
10 9 (1.11%) SpecFlow
11 8 (0.98%) Mockito
11 8 (0.98%) Subversion
11 8 (0.98%) webpack
12 4 (0.49%) FitNesse
12 4 (0.49%) Visual Studio
13 2 (0.25%) NUnit
General
1 384 (47.17%) Banking
2 366 (44.96%) Finance
3 267 (32.80%) Front Office
4 197 (24.20%) Investment Banking
5 43 (5.28%) Legal
6 38 (4.67%) Back Office
7 27 (3.32%) Private Banking
8 23 (2.83%) Financial Institution
9 9 (1.11%) Retail
10 8 (0.98%) Advertising
11 7 (0.86%) Corporate Banking
12 6 (0.74%) Prime Brokerage
13 5 (0.61%) Retail Banking
14 4 (0.49%) French Language
14 4 (0.49%) Games
15 3 (0.37%) Marketing
15 3 (0.37%) Wholesale Banking
16 2 (0.25%) International Banking
16 2 (0.25%) Mandarin Language
17 1 (0.12%) Dutch Language
Job Titles
1 382 (46.93%) Analyst
2 361 (44.35%) Business Analyst
3 225 (27.64%) MiFID Business Analyst
4 179 (21.99%) Developer
5 113 (13.88%) Project Manager
6 93 (11.43%) Java Developer
7 55 (6.76%) MiFID Project Manager
8 46 (5.65%) Regulatory Business Analyst
9 41 (5.04%) Senior Analyst
10 38 (4.67%) Banking Analyst
11 36 (4.42%) Senior Developer
12 35 (4.30%) Senior Business Analyst
13 32 (3.93%) Business IT Analyst
13 32 (3.93%) IT Analyst
14 30 (3.69%) Front Office Business Analyst
14 30 (3.69%) IT Business Analyst
15 29 (3.56%) Investment Banking Business Analyst
16 28 (3.44%) Architect
17 25 (3.07%) Derivatives Business Analyst
18 24 (2.95%) Senior Java Developer
Libraries, Frameworks & Software Standards
1 55 (6.76%) Spring
2 52 (6.39%) XML
3 49 (6.02%) FIX Protocol
4 33 (4.05%) HTML
5 32 (3.93%) FpML
5 32 (3.93%) HTML5
6 27 (3.32%) .NET
6 27 (3.32%) JSON
7 24 (2.95%) Middleware
8 22 (2.70%) SOAP
9 17 (2.09%) Protocol Buffers
10 16 (1.97%) Hibernate
11 15 (1.84%) Node.js
12 14 (1.72%) JMS
13 13 (1.60%) AngularJS
14 10 (1.23%) React
15 9 (1.11%) Kafka
15 9 (1.11%) WebSockets
16 8 (0.98%) Boost C++ Libraries
16 8 (0.98%) STL
Miscellaneous
1 143 (17.57%) Derivative
2 116 (14.25%) Equities
3 115 (14.13%) Foreign Exchange (FX)
4 111 (13.64%) Fixed Income
5 57 (7.00%) Fintech
6 43 (5.28%) Analytical Skills
7 36 (4.42%) OTC Derivatives
8 30 (3.69%) Equity Derivative
9 29 (3.56%) Reference Data
10 24 (2.95%) Computer Science
11 21 (2.58%) Hedge funds
12 13 (1.60%) PMI
13 12 (1.47%) Management Information System
13 12 (1.47%) N-Tier
14 11 (1.35%) Greenfield Project
14 11 (1.35%) User Experience
15 10 (1.23%) Market Risk
16 9 (1.11%) Algorithms
17 7 (0.86%) Interest Rate Derivative
18 6 (0.74%) Swaptions
Operating Systems
1 81 (9.95%) Unix
2 32 (3.93%) Linux
3 12 (1.47%) Windows
4 2 (0.25%) Solaris
4 2 (0.25%) Windows Server
5 1 (0.12%) Windows 7
5 1 (0.12%) Windows Server 2008
5 1 (0.12%) Windows Server 2012
Processes & Methodologies
1 165 (20.27%) Business Analysis
2 163 (20.02%) Agile Software Development
3 127 (15.60%) Stakeholder Management
4 117 (14.37%) Asset Management
5 98 (12.04%) Investment Management
6 96 (11.79%) Project Management
7 76 (9.34%) SDLC
8 75 (9.21%) Electronic Trading
9 68 (8.35%) Change Management
9 68 (8.35%) Scrum
10 58 (7.13%) Wealth Management
11 57 (7.00%) Test Automation
12 52 (6.39%) OO
13 46 (5.65%) Risk Management
14 40 (4.91%) Data Analysis
15 39 (4.79%) Data Modelling
16 37 (4.55%) GAP Analysis
16 37 (4.55%) TDD
17 36 (4.42%) User Acceptance Testing
18 35 (4.30%) Data Management
Programming Languages
1 134 (16.46%) Java
2 123 (15.11%) SQL
3 39 (4.79%) Shell Script
4 37 (4.55%) C#
5 35 (4.30%) Python
6 30 (3.69%) C++
7 28 (3.44%) JavaScript
8 16 (1.97%) Scala
9 14 (1.72%) Perl
10 12 (1.47%) ES6
11 8 (0.98%) T-SQL
12 6 (0.74%) PL/SQL
13 4 (0.49%) Ruby
14 3 (0.37%) C
14 3 (0.37%) TypeScript
15 2 (0.25%) Tcl
15 2 (0.25%) VB
15 2 (0.25%) VBA
16 1 (0.12%) Bash Shell
16 1 (0.12%) VC++
Qualifications
1 51 (6.27%) Degree
2 24 (2.95%) PMI Certification
3 22 (2.70%) Computer Science Degree
4 21 (2.58%) PMP
5 11 (1.35%) ISEB
6 10 (1.23%) Master's Degree
7 5 (0.61%) PRINCE2 Practitioner
8 4 (0.49%) Numerate Degree
9 3 (0.37%) PRINCE2 Certification
10 2 (0.25%) PgMP
11 1 (0.12%) CAPM
11 1 (0.12%) IIBA
11 1 (0.12%) ISTQB
11 1 (0.12%) Security Cleared
Quality Assurance & Compliance
1 159 (19.53%) EMIR
2 131 (16.09%) Dodd-Frank
3 43 (5.28%) QA
4 16 (1.97%) Data Quality
4 16 (1.97%) FATCA
5 10 (1.23%) Solvency II
6 9 (1.11%) PMO
7 5 (0.61%) AIFMD
7 5 (0.61%) IFRS
7 5 (0.61%) IFRS 9
8 4 (0.49%) GDPR
9 3 (0.37%) SEPA
10 2 (0.25%) SLA
11 1 (0.12%) CRD IV
11 1 (0.12%) ISO 20022
11 1 (0.12%) Sarbanes-Oxley
11 1 (0.12%) UCITS
System Software
1 13 (1.60%) Docker
2 8 (0.98%) HDFS
3 2 (0.25%) Virtual Machines
4 1 (0.12%) Active Directory
Systems Management
1 3 (0.37%) Kubernetes
2 2 (0.25%) Control-M
3 1 (0.12%) HP Quality Center
3 1 (0.12%) Puppet
Vendors
1 28 (3.44%) Oracle
2 23 (2.83%) Bloomberg
3 20 (2.46%) Sybase
4 19 (2.33%) Perforce
5 18 (2.21%) Murex
6 16 (1.97%) ION Trading
7 14 (1.72%) Fidessa
7 14 (1.72%) Reuters
8 12 (1.47%) Microsoft
9 11 (1.35%) Charles River
9 11 (1.35%) Solace
10 6 (0.74%) Cognizant
10 6 (0.74%) Google
10 6 (0.74%) TIBCO
11 4 (0.49%) Adobe
11 4 (0.49%) FXall
12 3 (0.37%) GoldenSource
12 3 (0.37%) Informatica
12 3 (0.37%) SunGard
12 3 (0.37%) Tradeweb
City, London
Spargonet Consulting Plc
Rate: £400 - £450 per annum
Posted: 2 hours ago
City, London
TEKsystems
Rate: £650 - £700 per day
Posted: 3 days ago
London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 2 days ago
London
Harvey Nash plc
Rate: £400 - £430 per day +
Posted: 4 days ago
London
Understanding Recruitment
Rate: £500.00 - £550.00 per day
Posted: 3 days ago
London
Harvey Nash plc
Rate: £400 - £430 per day
Posted: 4 days ago
London
Streamline Connections Ltd
Rate: £375 - £425 per day
Posted: 5 days ago
City, London
Canary Wharf and City
Rate: £600 per day
Posted: 2 days ago
City, London
Haysfm
Rate: £500.00 - £600.00 per day
Posted: 3 days ago
City, London
Harvey Nash plc
Rate: £400 - £435 per day + none
Posted: 4 days ago
London
Streamline Connections Ltd
Rate: £400 - £425 per day
Posted: 5 days ago
London
Martin & Conley
Rate: £700 - £900 per month
Posted: 4 days ago
London
Hays London City Cheapside
Posted: 2 days ago
City, London
EPAM Systems
Rate: Unspecified
Posted: 11 days ago
City, London
Deerfoot IT Resources Ltd
Rate: £350 per day
Posted: 3 days ago
London
Deltaclass Technology Solutions Ltd
Rate: Competitive
Posted: 26 days ago